Country: Peru
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China’s Xi Heads to Peru for APEC Meeting Shrouded in Trump Fears
By James EDGAR Chinese leader Xi Jinping headed to Peru on Wednesday, bound for a meeting of Asia-Pacific Economic Cooperation (APEC) organization leaders overshadowed by fears of renewed global trade tensions under Donald Trump. Xi ...
Peru’s Chancay: China’s Megaport of Entry to South America
Huge cranes loom over Peru's massive new Chinese-funded Chancay port, a symbol of Beijing's growing influence in South America, which is set to be inaugurated by President Xi Jinping on Thursday. "It's nearly ready," Gonzalo Rios, deputy general manager of the ...
China Says Xi to Travel to Peru, Brazil Next Week for APEC, G20 Meetings
Chinese President Xi Jinping will travel to Peru and Brazil next week for meetings of APEC and the G20, Beijing's foreign ministry said Friday. Xi will go to Lima from November 13 to 17 and Rio de Janeiro from November 17 ...
Peruvian Police Seize 1.3 Tons of Shark Fins
Peruvian authorities said Monday they had seized about 1.3 U.S. tons of illegally harvested shark fins, a delicacy in some Asian countries that has placed the predatory creatures at grave risk. The discovery was made at the warehouse of an export ...
Chinese Shift in Battery Manufacturing Could Have a Major Impact on Nickel, Cobalt Exporting Countries
China’s nickel-cobalt-manganese (NCM) battery output in June fell 6.8% year-on-year, marking the straight month of declining production. NCM batteries are widely used in electric vehicles in the U.S. and Europe, but less so in China where lithium phosphate (LFP) batteries are ...
Peru’s Pivot to China is a Major Setback for the United States
There was a brief moment earlier this year when it looked like the United States was going to succeed in its effort to put some distance between Peru and China. U.S. diplomats had lobbied hard behind the scenes to get the Peruvian government to reassess the ...
Peru Moves to Resolve Port Dispute Ahead of President’s Meeting With Xi Jinping
The Peruvian government formally withdrew its legal petition to block Chinese shipping giant Cosco from having exclusive rights to operate the new Chancay "mega port" that's near completion. The move marks a sharp reversal from its position in March when it ...
Chinese Firms Branch Out from Relying on Development Finance in Latin America and the Caribbean
By Rebecca Ray In 2023, China’s two most active development finance institutions (DFIs) – the China Development Bank (CDB) and the Export-Import Bank of China – committed just $1.3 billion in new sovereign finance to Latin American and Caribbean (LAC) ...
Wang Yi Wraps Diplomatic Blitz With South American Foreign Ministers
Chinese Foreign Minister Wang Yi concluded a four-day diplomatic sprint with a trio of his counterparts from strategically vital countries in South America. All three foreign ministers from Bolivia, Argentina, and Peru were in Beijing for separate meetings with senior Chinese ...
Prioritizing Socio-Ecological Protections: Study Shows Deregulation Doesn’t Attract Chinese Investment
By Christina Duran In a March 2023 synthetic report, the Intergovernmental Panel on Climate Change (IPCC) emphasized that Central and South America face adverse impacts from increased climate damage “without rapid, deep and sustained mitigation and accelerated adaptation action,” which ...
Latin America Was Once an Afterthought for China… Not Anymore
In just the past twenty years, China's trade with countries in Latin America and the Caribbean surged 26-fold to almost half-a-trillion dollars. The region is also now a major destination for Chinese foreign investment and becoming a critically important new front ...