[syriacus]

Singapore and China had one joint venture in the port at Hong Kong. There was no alliance in this deal, Singapore was bidding solely on it's own and China would have had no part in it if they had won the bid...This is all just more isolationist fear mongering.

I doubt that the Chinese news source, People's Daily, is isolationist and it had a story about more ventures between PSA and COSCO.

COSCO to enhance Pacific line China Ocean Shipping Co (Group) Company (COSCO) is looking to expand its shipping capacity on the China-US line this year Thursday, January 08, 2004

Besides capacity expansion, COSCO is moving to buy more terminals in United States. COSCO will work with PSA Corp for terminals on the US East Coast.

PSA and COSCO just inaugurated their first joint venture terminal, the US$94.34 million COSCO-PSA Terminal, in Singapore.

On the locations being considered for COSCO-PSA ventures worldwide, Wei Jiafu, COSCO president said they would choose hub ports in the Mediterranean and US east coast.

[Elyse]

I doubt that the Chinese news source, People's Daily, is isolationist and it had a story about more ventures between PSA and COSCO.

I doubt that the Chinese news source, People's Daily, is isolationist and it had a story about more ventures between PSA and COSCO.

That story is dated Jan. 8, 2004. It talked about POSSIBLE ventures. Just because China wanted to form a world-wide alliance with Singapore doesn't mean that it happened.