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China Has Quietly Built A New “Great Wall” Cutting Across The Heart Of Europe

Article By Tyler Durden in Zero Hedge

“The original Great Wall is a long brick structure that was built to keep northern barbarians out of China during ancient times,” a new alarming report in Nikkei Asian Review detailing China’s ‘new Great Wall’ rising in the heart of Europe recalls, but “The modern-day Great Wall in Europe is economic.” 

Beijing is waging an impressive influence campaign, complete with English-speaking news channels beamed across the Balkans, to “reach out to ex-Communist countries on the periphery of the EU,” the report finds, as well as playing host to major China-East European economic summits in places like Dubrovnik, Croatia — site of a major annual conference last April, attended by no less than 17 European countries, including 12 members of the European Union.

 

Chinese President Xi Jinxing and Italian Prime Minister Giuseppe Conte. China’s eyeing the Italian port city of Trieste has angered the US.  Image via Nikkei Asian Review.

And in other Balkan countries like Serbia, still reeling from the 1999 US-NATO bombing of Belgrade and later US-recognition of Kosovo independence, state-owned Chinese companies are active and on the rise.

According to the Nikkei report, “There is a cold calculation behind China’s recent move into Europe” — namely, a move to poach struggling former Communist countries, luring them with major Belt and Road Initiative (BRI) contracts as an ‘alternative’ to Western investment.

The report traces the geography of the Cold War-era Iron Curtain, comparing it Beijing’s contemporary designs:

Thirty years after the fall of the Berlin Wall, the Iron Curtain is morphing into a new Great Wall for China.

In Trieste, the southern end of Churchill’s Iron Curtain, China is extending its Maritime Silk Road under the Belt and Road Initiative.

If Trieste is linked to the Port of Piraeus, Greece’s biggest port now operated by a state-run Chinese company, China’s influence in the Adriatic and Mediterranean seas will grow.

Picking up on the potential for significant Chinese BRI inroads amid the continuing trade war, the White House recently sent Secretary of State Mike Pompeo to Montenegro (NATO’s newest tiny Serbia peel-off member) and to North Macedonia, where he put Balkan leaders on notice regarding “possible Belt and Road risks”. To read this article in Zero Hedge in its entirety, click here.

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Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.