The inauguration of the Chancay port by Chinese leader Xi Jinping marks a significant investment of over $3 billion, representing China's expanding influence in Latin America.
The port will be operated by Chinese shipping giant Cosco, which holds a 60 percent stake, highlighting China's deep involvement in Latin America's infrastructure.
U.S. officials have voiced concerns that the Chancay port could serve as a foothold for Chinese military presence in the Americas, reflecting geopolitical tensions.
Peruvian and Chinese leaders are positioning the Chancay project as a transformative opportunity for Peru, enhancing its role in South American trade with China.
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