April 20, 2012
China Breaks Its String of Pearls
Stefano Casertano, The European
In 2004, the consultancy firm Booz Allen Hamilton coined a term for China’s energy supply strategy, terming it a “String of Pearls.” Loading barrels in the Middle East, Chinese tankers travel half of the globe to their home ports and are escorted by Chinese vessels along the way. A complex network of alliances provides for supplies and happy sailors’ nights out. The “pearls” are all those countries that are adjacent to the tankers’ sea lanes, such as Pakistan, Sri Lanka, Bangladesh, the Maldives, and Burma.
TAGGED: Asia, China