3.5 billion dollars invested in an airport destined to act as an important and strategic commercial hub. It will also serve Chile, Colombia and Ecuador
Beijing – Chinese President Xi Jinping left Beijing for Peru to attend the 31st APEC economic leaders’ summit in Lima and for a state visit to the South American country, amid growing fears over global trade tensions under the new administration Use of Donald Trump. Chinese leader to inaugurate first Chinese-financed South American port in Chancay about 80 kilometers north of Limadestined to act as an important and strategic commercial hub. The complex, which required investments of 3.5 billion dollars, is seen as the symbol of Beijing’s growing influence in South America, where it has built railways, highways and various infrastructure.
Sino-Peruvian bilateral trade reached nearly $36 billion in 2023, making Lima Beijing’s fourth-largest trading partner in Latin America. The Port of Chancay will also serve Chile, Colombia and Ecuador, among other South American countries, allowing it to bypass ports in Mexico and the United States for trade with Asia. While in Washington the structure is also viewed with suspicion for its potential use for military purposes.
The Chinese president immediately after the Peruvian stop will go to Brazil for the G20 leaders’ summit and will have the opportunity to weave its web based, WSJ reported, on “plans to shower America’s allies in Europe and Asia with tariff cuts, visa waivers, Chinese investment and other incentives“.
