String of Pearls: The global game of ‘Risk‘ sees China gaining a strategic deep-water foothold for naval deployment into the Indian Ocean and Persian Gulf, plus a more expedient energy route in tow. It serves too, as an alternative to the Straits of Malacca, where >80% the China’s imported oil has to go through.
The headline ‘China takes over Gwadar Port‘ leaves little doubt how the top-down wishes this to be read in the mind of its readers.
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China takes over Gwadar Port
by Xu Tianran
Source – Global Times, published February 19, 2013
A Chinese company Monday took over the operation of the strategic Gwadar Port in Southwest Pakistan and at the door of the Strait of Hormuz, which has been seen as a move that could secure an energy route for China.
At a ceremony held in Islamabad on Monday afternoon, representatives from Chinese Overseas Port Holdings Ltd, Gwadar Port Authority and the Port of Singapore Authority (PSA) signed an agreement on the transfer of the port’s administrative control. Pakistani President Asif Ali Zardari attended the ceremony, saying the agreement marked the start of a new chapter in the lives of the people of Baluchistan and the Pakistan-China friendship, Pakistan’s The Express Tribune reported.
Under the agreement, the Chinese company will fully assume responsibility for the port. It will remain the property of Pakistan and the Chinese company will share the profits.