[Ed. – This is exactly what we need to be doing. U.S. intelligence has known for decades that where China runs transportation infrastructure abroad, giant infestations of spies are ushered in — along with syndicate crime. The U.S. may be better equipped to combat the latter than the average developing nation, but we’re not immune.]
The Trump Administration’s Department of Homeland Security has forced China’s state-owned Cosco* to sell the Port of Long Beach over security concerns.
China’s Cosco Shipping Holdings, which bought out its 75 percent–owned Hong Kong–based Orient Overseas International (OOCL), was forced to sell its Port of Long Beach Container Terminal ownership to Macquarie Infrastructure Partners for $1.78 billion.
The Obama administration had no problems with OOCL signing a 40-year lease with the City of Long Beach in 2012 for control of America’s second largest and most automated container handling operation…
But one of the first major actions of the Trump administration’s Department of Homeland Security in March 2017 was issuing a “Committee on Foreign Investment in the U.S.” national security hold on Cosco’s acquisition of a former U.S. Navy port facility.