This article examines COSCO’s investment in the Port of Piraeus in Greece, which provides a good example of economic cooperation between China and Greece against the backdrop of the Belt and Road Initiative. It argues that investment in the Port of Piraeus has had a positive impact on the development of Greece by stimulating infrastructure investment, enhancing the competitiveness of the port, boosting the local economy, and helping to attract more foreign investment. However, the article also identifies potential challenges for Sino-Greek economic cooperation in the long run. Structural obstacles and concerns from European countries could affect China’s investment in Greece as well as Sino-Greek economic cooperation in the future.
© 2019 The Authors. IDS Bulletin © Institute of Development Studies. This is an Open Access article distributed under the terms of the Creative Commons Attribution Non Commercial 4.0 International licence (CC BY-NC), which permits use, distribution and reproduction in any medium, provided the original authors and source are credited, any modifications or adaptations are indicated, and the work is not used for commercial purposes. http://creativecommons.org/licenses/by-nc/4.0/legalcode
Qianqian, L. and Davarinou, P. (2019) 'Sino-Greek Economic Cooperation: COSCO’s Investment in the Port of Piraeus', IDS Bulletin 50.4: 109-124
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