Tag: Chancay
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U.S. Backs Major Naval Expansion in Peru, as China Deepens Its Port Presence
The United States said Thursday it had approved a $1.5 billion deal for the expansion of a naval base in Peru, where China has funded a separate mega-port. The State Department said Peru requested $1.5 billion in equipment and services to ...
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WEEK IN REVIEW: Trump’s New Tariff Threat Hits Asia, Africa, Global Stocks
U.S. President Donald Trump posted a letter on social media on Wednesday saying he intends to impose a 50% tariff on "any and all Brazilian products sent into the United States" from August 1. Unlike his other tariff letters, this one specified that the levy is in response ...
Peru Seeks Rail Meeting with China, Brazil
Peru’s economic ministry said it is seeking a high-level meeting with counterparts in Brazil and China to take an ambitious plan to build a cross-continental railway to the next level. This follows a meeting between Economy Minister Raul Perez Reyes and ...
WEEK IN REVIEW: Apple Plans to Moves U.S. iPhone Production from China to India Amid Trump Tariffs
U.S. President Donald Trump dismissed the economic impact of the trade war on U.S. consumers in an interview with ABC News. He said he doesn’t believe that hard times are ahead for the U.S. and that China will likely absorb the impact of the steep trade levies imposed ...
WEEK IN REVIEW: Apple Plans to Moves U.S. iPhone Production from China to India Amid Trump Tariffs
U.S. President Donald Trump dismissed the economic impact of the trade war on U.S. consumers in an interview with ABC News. He said he doesn’t believe that hard times are ahead for the U.S. and that China will likely absorb the impact of the steep trade levies imposed ...
Geoffrey Gĩtaũ poses with the e-mkoko, which uses a unique swivel mechanism without duplicating operating tools like the brakes and the accelerator. The vehicle was inspired by a farmer’s need to transport equipment and farm produce in Embu, Kenya. Photo / CGSP
Kenyan electric vehicle innovators are harnessing Chinese EV technology to build solutions for day-to-day activities, including the country’s agriculture, the largest employer. In a small farming village in Embu County, about 130 kilometers northeast of Nairobi, a quiet experiment in electric mobility has been ...
U.S. Backs Major Naval Expansion in Peru, as China Deepens Its Port Presence
The United States said Thursday it had approved a $1.5 billion deal for the expansion of a naval base in Peru, where China has funded a separate mega-port. The State Department said Peru requested $1.5 billion in equipment and services to ...
WEEK IN REVIEW: Trump’s New Tariff Threat Hits Asia, Africa, Global Stocks
U.S. President Donald Trump posted a letter on social media on Wednesday saying he intends to impose a 50% tariff on "any and all Brazilian products sent into the United States" from August 1. Unlike his other tariff letters, this one specified that the levy is in response ...
Peru Seeks Rail Meeting with China, Brazil
Peru’s economic ministry said it is seeking a high-level meeting with counterparts in Brazil and China to take an ambitious plan to build a cross-continental railway to the next level. This follows a meeting between Economy Minister Raul Perez Reyes and ...
WEEK IN REVIEW: Apple Plans to Moves U.S. iPhone Production from China to India Amid Trump Tariffs
U.S. President Donald Trump dismissed the economic impact of the trade war on U.S. consumers in an interview with ABC News. He said he doesn’t believe that hard times are ahead for the U.S. and that China will likely absorb the impact of the steep trade levies imposed ...
WEEK IN REVIEW: Apple Plans to Moves U.S. iPhone Production from China to India Amid Trump Tariffs
U.S. President Donald Trump dismissed the economic impact of the trade war on U.S. consumers in an interview with ABC News. He said he doesn’t believe that hard times are ahead for the U.S. and that China will likely absorb the impact of the steep trade levies imposed ...
WEEK IN REVIEW: Apple Plans to Moves U.S. iPhone Production from China to India Amid Trump Tariffs
U.S. President Donald Trump dismissed the economic impact of the trade war on U.S. consumers in an interview with ABC News. He said he doesn’t believe that hard times are ahead for the U.S. and that China will likely absorb the impact of the steep trade levies imposed ...
Chinese, Brazilian Officials Discuss Building New Transcontinental Railway to Peru Megaport
Nearly a dozen officials from the China State Railway Group and China's Transportation Ministry spent last week in Brasília holding talks about building a massive transcontinental rail line that would link Brazil to the Chinese-operated Chancay megaport in Peru. The discussions are ...
Xi Inaugurates South America’s First Chinese-Funded Port in Peru
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 ...
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 ...
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) ...