China’s New Megaport Strengthens Trade Ties in Latin America as US Influence Wanes
China has taken a significant step in cementing its influence in Latin America with the inauguration of the Chancay megaport in Peru. This $3.5bn project, backed by China’s state-owned Cosco Shipping, symbolizes Beijing’s growing assertiveness in a region historically dominated by the United States. Strategic Move in Latin America Chinese President Xi Jinping attended the port’s inauguration during the Asia-Pacific Economic Cooperation (APEC) summit in … Continue reading China’s New Megaport Strengthens Trade Ties in Latin America as US Influence Wanes
