China's Suez Canal Investments Threatened by Red Sea Conflict

Beijing's non-interference stance tested as escalating Hamas-Israel conflict jeopardizes billions in strategic investments.

China's commercial interests along the Suez Canal are at risk due to attacks on civilian vessels in the Red Sea, escalating the Hamas-Israel conflict.
Beijing has invested billions in Egypt's logistics, transport, and energy sectors, with Chinese and Hong Kong firms pledging at least $20 billion in various projects along Egypt's arterial waterway.
State-owned shipping giant COSCO, along with other major shipping lines, suspended services to Israel due to the conflict.
China's Belt and Road Initiative, aimed at connecting Asia with Europe through a series of investment and trade corridors, is also at stake.
China's top diplomat, Wang Yi, has expressed Beijing's desire to play a constructive role in handling global 'hotspot issues', while maintaining its stance of non-interference in the domestic affairs of other sovereign states.