"concerned about latest reports that Peru could be powerless to oversee Chancay, one of its largest ports, which is under the jurisdiction of predatory Chinese owners."
"We support Peru's sovereign right to oversee critical infrastructure in its own territory. Let this be a cautionary tale for the region and the world: cheap Chinese money costs sovereignty."
"in no way involves aspects of sovereignty"
"under the jurisdiction, sovereign"
Peru's $1.3 billion Chancay deepwater port, majority-held by China's Cosco and financed under Belt and Road arrangements, can berth the world's largest cargo ships. A Peruvian court ruling restricted a local regulator's oversight of the port, prompting U.S. officials to warn that China is eroding Peru's ability to oversee critical infrastructure. The U.S. Bureau of Western Hemisphere Affairs emphasized Peru's sovereign right to supervise ports and cautioned that inexpensive Chinese financing can come at the cost of sovereignty. Cosco rejected claims that the ruling affects sovereignty and said the port remains under national jurisdiction.
Read at www.npr.org
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