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The Geopolitics of China’s Overseas Port Investments: A Comparative Analysis of Greece and Pakistan

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ABSTRACT

With China’s continuous rise and growing external commercial, strategic, and political endeavours, questions have arisen about the motivation, timing, and locale of China’s outreaching strategies. This research analyzes China’s overseas port investments through a comparative study of Greece and Pakistan, two important partners of China’s Belt and Road Initiative. Adopting the neoclassical realist framework and drawing on expert interviews, official statistics, and policy documents, this paper reveals how China’s economic security objectives in combination with changing geopolitical structures led to its external port investments. This research contributes to the studies on rising powers and geopolitics by showing how China as a rising power capitalizes on geopolitical opportunities created by the changing interests of dominant powers to expand its presence in strategically important regions.

Notes

5. Accessed January 28, 2020. State Council Information Office of the People’s Republic of China, 2015. ‘China’s Military Strategy’, http://english.www.gov.cn/archive/white_paper/2015/05/27/content_281475115610833.htm.

9. Accessed January 28, 2019. https://ec.europa.eu/info/sites/info/files/2012-02 21_eurogroup_statement_bailout_for_greece.pdf.

13. Hu Jintao’s speech at the G20 Summit on Financial Markets and the World Economy in Washington. 16 November 2008, available from https://www.fmprc.gov.cn/mfa_eng/wjdt_665385/zyjh_665391/t522600.shtml

16. Accessed June 12, 2017. ‘Text of President Obama’s Speech on Afghanistan’ 22 June 2011, https://www.nytimes.com/2011/06/23/world/asia/23obama-afghanistan-speech-text.html>

17. Interview with the Director of State Bank of Pakistan, 05 January 2019.

20. Foreign Ministry Spokesperson Jiang Yu’s Regular Press Conference, 17 May 2011. http://www.ambchine.mu/eng/zt/fyrth/t823633.htm.

21. Ministry of Foreign Affairs of Pakistan, 20 May 2011. http://www.mofa.gov.pk/pr-details.php.

23. Interview with Frans-Paul van der Putten, 17 March 2017.

26. Interview with Frans-Paul van der Putten, March 17, 2017.

27. Interview with a Greek Diplomat, March 29, 2017.

29. Interview with a Greek Diplomat, March 29, 2017.

31. Interview with Aleksandar Bauranov, March 28, 2017.

32. Accessed December 25, 2017. ‘Speech by Chinese Ambassador on 30 March 2016’ http://gr.china-embassy.org/eng/zxgx/t1351970.htm.

33. Foreign Ministry of the People’s Republic of China, November 6, 2016, https://www.fmprc.gov.cn/mfa_eng/zxxx_662805/t1413715.shtml.

36. Accessed September 15, 2019. https://www.bbc.com/news/world-africa-28684555.

39. Interview with Frans-Paul van der Putten, March 17, 2017.

40. US Department of Defence, ‘ASIA-PACIFIC Maritime Security Strategy’, 2015. https://dod.defence.gov/Portals/1/Documents/pubs/NDAA%20A-P_Maritime_SecuritY_Strategy-08142015-1300-FINALFORMAT.PDF.

41. Interview with a Pakistani diplomat, February 28, 2017.

42. Accessed January 12, 2018. https://www.dawn.com/news/786992.

43. Interview with a Pakistani diplomat, February 28, 2017.

44. Interview with an official from Commerce Ministry of Pakistan, January 2018.

46. Embassy of the People’s Republic of China in Pakistan, ‘Development of Gwadar Free Zone Special Report on CPEC Projects (Transportation Infrastructure: Part 4), October 1, 2018, http://pk.china-embassy.org/eng/zbgx/CPEC/t1627112.htm.

47. See CPEC official website http://cpec.gov.pk/energy for key power projects and further information.

48. Interview with a Pakistani policy expert, January 2019.

49. See State Bank of Pakistan’s assessment on China’s energy investments in Pakistan http://www.sbp.org.pk/reports/quarterly/fy18/First/Special-Section-1.pdf.

51. Interview with a Pakistani diplomat, February 28, 2017.

Additional information

Funding

This work was supported by the Chinese University of Hong Kong [Global China Research Programme Fund and Vice Chancellor Discretion Fund].

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