In a significant move towards expanding global trade routes Xi Jinping met with Peruvian President Dina Boluarte in Lima on nov-14 to discuss the ground-breaking Chancay port project
The state-owned Chinese company Cosco Shipping built this mega-facility which stands as a key-point in Chinaʼs world-wide infrastructure plan (known as Belt and Road Initiative); the project aims to create new trade connections between Asia and South America
The portʼs development marks a big step in making a new sea-land pathway: connecting Chinese markets directly with Latin American countries through Peru. Both leaders planned to join hands for the ports official opening ceremony — showing how important this project is for both nations
The facility represents a real-world example of Chinaʼs growing influence in South America; its going to work as a main hub for ships moving goods between these regions. The project shows how Beijing continues to build strong trade links across the Pacific making the Chancay port their newest gateway into Latin-American markets