Xi Inaugurates South America’s First Chinese-Funded Port in Peru

China's President Xi Jinping (L) and Peru's President Dina Boluarte attend the virtual inauguration ceremony of the Chancay "megaport" in the small town of Chancay, 78 kilometers north of the Peruvian capital, at the government palace in Lima on November 14, 2024, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit. Hugo Curotto / AFP

Chinese President Xi Jinping on Thursday inaugurated Latin America’s first Beijing-funded port in Chancay, Peru — a symbol of the Asian superpower’s growing influence on the continent as it prepares to face off with a new Donald Trump administration.

The $3.5-billion complex, about 50 miles (80 kilometers) north of Lima, is meant to serve as a hub for Chinese trade as the country is under threat of major tariff hikes once Trump reenters the White House for a second term.

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by Agence France-Presse

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