(July 16): China is accelerating its acquisitions of overseas ports, doubling its investments in port projects over the past year ended June to US$20 billion ($27.4 billion).

A study by Grisons Peak, a London-based investment bank, found that Chinese companies have announced plans to buy or invest in nine overseas ports in projects valued at a total of US$20.1 billion. In addition, discussions are underway for investments in several other ports, for which no value has been divulged.

This level of activity represents a sharp acceleration from the US$9.97 billion in Chinese overseas port projects in the year to end June 2016.

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