Monday, January 15, 2024

Houthi Attacks Jeopardize Chinese Shipping and Investments in Suez Canal and Red Sea

 Reuters published on 15 January 2024 an article titled "Explainer: Houthi Attacks Expose China's Commercial Stakes in Red Sea" by Joe Cash.

The article identifies significant past and pending Chinese investments in the Suez Canal Zone, pointing out that Iran-supported Houthi attacks deterring commercial shipping from the Red Sea and Suez Canal could frustrate Chinese investors who have committed huge sums to the waterway's development to profit from their safe passage.