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In 2009, a subsidiary of China Ocean Shipping Company, also known as COSCO, started managing the Piraeus Port's container terminals. In 2016, COSCO acquired a majority stake in the port and formally took over its management and operation.

The common challenges facing humanity call for concerted efforts of all countries. No country can become an independent innovation center or enjoy fruits of innovation alone, Xi said. "Innovation should benefit the world rather than being encaved."

The company, which used to be a big tax contributor to the city of Cangzhou, northern China's Hebei Province, has encountered a difficult time in the past two years because of cash flow problems and a stagnant market.

At the invitation of the Dutch parliament, Ji Bingxuan, vice chairman of the Standing Committee of China's National People's Congress, led a delegation to the Netherlands on Nov. 13-17.

Zhang Chi, an associate professor from the National Defense University of the People's Liberation Army, said participants had a heated discussion on global issues.