Chinese President Xi Jinping took part in the inauguration of a major Beijing-funded port in Chancay, Peru, on Thursday, hailing the US$3.5 billion project as “the birth of a new land-sea passage for a new era”. In his speech at the megaport’s opening ceremony, the Chinese leader praised the project as “a successful case of…
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…
President Xi Jinping is expected to inaugurate Chancay port when he visits Peru next week. The Chinese-funded megaport may reshape Pacific trade, but has also made the United States uneasy. In the first of a two-part series, Igor Patrick looks at the history of the project, its impact on global trade and the social costs…
Topline The massive dock worker strike beginning Tuesday comes at an inopportune time for the U.S. economy, as the potential uptick in shipping prices comes ahead of the holiday season and as policy makers look to turn the page on inflation, though experts are split on whether the strike will have a major impact on…