China Establishes Its Silk Road in Greece by Purchasing the Port of Piraeus

 

Opening a gateway to Europe is a ‘once-in-a-thousand-year opportunity’ for China.

In October 2009, government-owned China Ocean Shipping Company (cosco) took over one of two piers in the Port of Piraeus from its Greek authorities. Since then, cosco worked to increase the annual container volume nearly 10-fold. Finally, after waiting seven years, Beijing’s One Belt, One Road (obor) initiative took a step further when cosco purchased full control of the Port of Piraeus on April 8.

Mike Rogers: China, Iran, and Russia Launching Cyber Attacks Against U.S.

House Intelligence Committee chair says $2 trillion has been lost

Chinese government-backed hackers have cost the United States nearly $2 trillion in “lost and stolen property” that was seized through illicit Internet attacks, Rep. Mike Rogers (R., Mich.), chairman of the House Permanent Select Committee on Intelligence, said Monday.

The theft of proprietary information and technology by the Chinese constitutes “the largest transfer of wealth illegally in the world’s history,” according to Rogers, who warned that the United States is not prepared to combat these cyber threats.