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Choice of Billionaire Razon as South Africa Port Partner Is Challenged

(Bloomberg) South Africa’s selection of Filipino billionaire Enrique Razon’s harbor firm as a partner to revive sub-Saharan Africa’s biggest container port is being questioned by losing bidders.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringUS and UK Strike Yemen’s Houthis After Red Sea Ship AttacksUK’s Sunak Authorizes Joint Military Strikes With US Against HouthisHertz to Sell 20,000 EVs in Shift Back to Gas-Powered CarsSEC Authorizes Bitcoin-Spot ETFs i ....

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Port of Guangzhou strives to serve the BRI by putting investment in infrastructure, carving out new business

This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a platform for international cooperation that demonstrates China s vision and provides solutions for the reformation of the global governance system and other multifaceted challenges. There has been no shortage of evidence demonstrating the BRI success, a momentum that relentless Western crackdowns and smears were unable to curtail. Standing at this monumental juncture, the Global Times is publishing a series of articles to help readers understand the fruitful journey of the BRI over the last decade from multiple perspectives, and how the initiative will positively commence over the year. This is the fourth installment in the series, examining how traders, ports and producers in Port of Guangzhou, the world s fifth-largest port, have witnessed the development of BRI at the frontline.
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