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China Merchants Group

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China Merchants Group

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What's driving coverage of China Merchants Group right now?

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China Merchants Group Limited is an international state-owned enterprise (SOE) of the People's Republic of China. The company is operating under the auspices of the Chinese Ministry of Transport.

Overview

China Merchants Group Limited is an international state-owned enterprise (SOE) of the People's Republic of China. The company is operating under the auspices of the Chinese Ministry of Transport. Founded in 1872 as the China Merchants Steam Navigation Company in Shanghai, the firm has developed into one of China's leading SOEs since the 1980s and has expanded its global role as a result of China's Belt and Road Initiative in the early 2010s. In the Western media, China Merchants Group is mostly known for being criticized as a tool for China's "debt diplomacy" and its legal disputes with DP World, another port operator, regarding concession rights at the Port of Djibouti. Beginnings and growth (1872–1978) Early history

From Wikipedia (CC BY-SA 4.0).