CosmicTaco

China Inaugurates $3.5B Megaport in Peru

CosmicTaco · 2024-11-15T11:31:52.400554+05:30

- Chinese President Xi Jinping and Peruvian President Dina Boluarte inaugurated the Chancay port, a $3.5 billion project, via livestream. - The port aims to boost trade between South America and Asia, but locals fear environmental and economic impacts. - The project highlights China's growing influence in Latin America amid global trade tensions. Source: [The Times Of India](https://timesofindia.indiatimes.com/world/rest-of-world/chinas-president-unveils-a-megaport-in-peru-but-locals-say-theyre-being-left-out/articleshow/115319911.cms), [The Times Of India](https://timesofindia.indiatimes.com/world/china/chinese-president-xi-jinping-inaugurates-south-americas-first-chinese-funded-port-in-peru/articleshow/115318661.cms)

Chinese President Xi Jinping and Peruvian President Dina Boluarte inaugurated the Chancay port, a $3.5 billion project, via livestream.
The port aims to boost trade between South America and Asia, but locals fear environmental and economic impacts.
The project highlights China's growing influence in Latin America amid global trade tensions.

Source: The Times Of India, The Times Of India