Text size The United States on Thursday called on Latin American nations to be vigilant of Chinese investment as President Xi Jinping was inaugurating a major port in Peru. Xi, in Peru alongside US President Joe Biden for the APEC summit, was opening the first Chinese-funded port in South America, a $3.5 billion complex in…
Text size Chinese President Xi Jinping on Thursday inaugurated South America’s first Beijing-funded port in Chancay, Peru, a symbol of the Asian superpower’s growing influence on the continent as it prepares to face off with a new Donald Trump administration. The $3.5-billion complex, about 50 miles (80 kilometers) north of Lima, is meant to serve…
Behind Biden’s meetings with China’s Xi, Trump – CBS News Watch CBS News President Biden is at the APEC summit in Lima, Peru, where he will meet with China’s Xi Jinping. CBS News’ Natalie Brand has the latest on the significance of the meeting and more details on President-elect Donald Trump’s chat with Mr. Biden….
A focal point of the visit is Thursday’s virtual inauguration of Peru’s new US$3.5 billion Chancay Port funded and operated by China. Beijing and Lima also plan to sign some 30 bilateral agreements during Xi’s visit, including an updated free-trade agreement. “We must build on our traditional friendship to expand and deepen mutually beneficial cooperation…
As events unfold this week at what are likely to be the last multilateral events on US President Joe Biden’s calendar before he leaves office, it is evident how much his power is waning on the international stage. While happy to honour the veteran public servant – who turns 82 on Wednesday – world leaders…
CHANCAY, Peru (AP) — On the edge of Peru’s coastal desert, a remote fishing town where a third of all residents have no running water is being transformed into a huge deep-water port to cash in on the inexorable rise of Chinese interest in resource-rich South America. The megaport of Chancay, a $1.3 billion project…
CHANCAY, Peru — On the edge of Peru’s coastal desert, a remote fishing town where a third of all residents have no running water is being transformed into a huge deep-water port to cash in on the inexorable rise of Chinese interest in resource-rich South America. The megaport of Chancay, a $1.3 billion project majority-owned…
brussels — As China and Peru prepare to sign an updated free-trade agreement at this year’s Asia-Pacific Economic Cooperation summit, Chinese President Xi Jinping is set to inaugurate a Chinese-financed mega port in Peru, known as Chancay, while attending the APEC meetings. China promotes the Chancay port on Latin America’s Pacific coast as a key…
APEC, created in 1989 with a goal of regional trade liberalization, brings together 21 economies that jointly represent 62 percent of global GDP and over 40 percent of global commerce Luis ACOSTA Text size US President Joe Biden and his Chinese counterpart Xi Jinping arrive Thursday in Lima for an Asia-Pacific summit overshadowed by the…
WASHINGTON — Retiring President Biden will meet one last time with Chinese President Xi Jinping on the sidelines of this week’s APEC summit in Peru — as President-elect Donald Trump threatens to slap new tariffs on Chinese goods and force the Asian nation to pay “reparations” for the COVID-19 pandemic. Biden, 81, and Xi, 71,…