China's Piraeus Port: US, China Clash Over Influence

Chinas Embassy in Greece Denies Port Sale Amid US Ambassadors SuggestionsThe Chinese embassy in Greece has refuted claims that the port of Piraeus, a key European trade hub, is up for sale. This response came after US Ambassador Kimberly Ann Guilfoyle hinted at the possibility, suggesting American infrastructure could balance Chinas influence. Chinas state-run COSCO owns a majority stake in the port, purchased during Greeces financial crisis. The US has been working to reduce Chinas global port influence, strengthening its presence in Greece for energy exports and countering Russian influence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.