China's Peru Megaport: A New Belt and Road Frontier Amid Local Concerns

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Source: South China Morning Post
China's Peru Megaport: A New Belt and Road Frontier Amid Local Concerns
Photo: South China Morning Post
TL;DR Summary

Chinese President Xi Jinping inaugurated a $3.5 billion Beijing-funded port in Chancay, Peru, marking it as a significant development under the Belt and Road Initiative. Xi emphasized the port's role in creating a new maritime corridor between China and Latin America, linking historical trade routes like the Inca Trail and the Maritime Silk Road. The project is seen as a symbol of Sino-Peruvian cooperation and aims to enhance transport capacity and connectivity between South America and China.

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