RIJEKA, Croatia—On Rijeka’s waterfront, vast piles of scrap metal stretch for hundreds of yards, the byproduct of an ongoing construction project to renovate the port in the northern Adriatic Sea.
When a deal to remake the port emerged three years ago, it set off alarm bells in Washington: Three Chinese state-owned companies had won a bid for a 50-year deal to build and operate a modern new ship-container terminal at Rijeka, a deep-water port with easy access to central Europe’s markets.
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