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German Chancellor Olaf Scholz backs China, ignores government warnings in Hamburg port deal, report says (www.politico.eu)

submitted 1 year ago by 0x815@feddit.de to c/europe@feddit.de

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An investigation by German regional public broadcasters reported Wednesday that Scholz's chancellery is pushing to approve efforts by Chinese state-owned shipping giant Cosco to buy a foothold in a container port in Hamburg, ignoring warnings from six federal ministries, including the Greens' Vice Chancellor Robert Habeck, amid fears of risky economic over-dependence on Beijing.

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[–] glorpster@feddit.de 0 points 1 year ago (1 children)

He's the former mayor of Hamburg and Hamburg's current mayor that he gave over the reigns to really wants it because I would assume that from a pure money perspective it might be lucrative for the city.

[–] KpntAutismus@lemmy.world 10 points 1 year ago (1 children)

but when has privatizing public infrastructure ever gone well, especially under foreign leadership?

[–] glorpster@feddit.de 3 points 1 year ago (1 children)

I don't know, I'm not condoning the move. But either way it's already owned by a private company.

[–] KpntAutismus@lemmy.world 2 points 1 year ago

yeah, didn't really think about the definition of "public" at time of commenting. still, selling off any piece of infrastructure to china is just plain dumb.