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Reporter’s Notebook: Peru Unveils Chancay Port at APEC Summit … With A Little Help From China

Reporter’s Notebook: Peru Unveils Chancay Port at APEC Summit … With A Little Help From China

Peru shows off its economic transformation as APEC summit puts it center stage

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Caixin Global
Nov 18, 2024
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Caixin Global China Watch
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Reporter’s Notebook: Peru Unveils Chancay Port at APEC Summit … With A Little Help From China
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The APEC Summit venue in Lima, Peru, on Nov. 12, 2024.

The APEC Summit venue in Lima, Peru, on Nov. 12, 2024.

A new chapter in Sino-Latin American trade and development opened this week with the official opening of the $1.3 billion Chancay Port Project at the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru, that ends this Saturday.

As the world grapples with economic recovery and geopolitical tensions, the summit is providing a critical platform for leaders to address global trade challenges.

This is the third time Peru has hosted APEC, underscoring its growing influence, while the Chancay Port project shows how China’s strategic investments are transforming the Latin America’s fourth-largest country’s supply chain.

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