- Title: Starting Latin America trip, Xi Jinping opens huge port in Peru funded by China
- Date: 15th November 2024
- Summary: LIMA, PERU (NOVEMBER 14, 2024) (REUTERS) ***WARNING: CONTAINS FLASH PHOTOGRAPHY*** XI AND BOLUARTE ARRIVING VARIOUS OF XI AND BOLUARTE INSIDE ROOM XI SEATED CHINESE OFFICIAL SIGNING MEMORANDUM OF UNDERSTANDING/ CHINESE OFFICIAL AND PERUVIAN FOREIGN MINISTER ELMER SCHIALER EXCHANGING MEMORANDUMS OF UNDERSTANDING XI AND BOLUARTE APPLAUDING XI AND BOLUARTE SEATED (SOUNDBITE)
- Embargoed: 29th November 2024 02:23
- Keywords: APEC Asia Pacific Chancay China Latin America Peru President Dina Boluarte President Xi Jinping maritime port
- Location: LIMA, CHANCAY, PERU
- City: LIMA, CHANCAY, PERU
- Country: Peru
- Topics: Diplomacy/Foreign Policy,South America / Central America,Government/Politics
- Reuters ID: LVA002976714112024RP1
- Aspect Ratio: 16:9
- Story Text: Chinese President Xi Jinping on Thursday (November 14) inaugurated a massive deep-water port in Peru, a $1.3 billion investment by Beijing as it seeks to expand trade and influence on South America.
Xi, who is in the Andean country to attend the 31st Asia-Pacific Economic Cooperation summit, and Peruvian President Dina Boluarte participated on Thursday by video link in the opening of the Chancay port, about 80 kilometres (48 miles) north of Lima on the Pacific Ocean, and signed a deal to widen an existing free trade agreement.
The China-controlled megaport was built by Cosco Shipping Ports and received $1.3 billion in Chinese investment for its first phase. China is expected to spend billions more as Beijing and Lima work to position it as a major shipping hub between Asia and South America.
With China's demand for agricultural goods and metals from Latin America growing, Xi will participate in the APEC summit in Lima then head to the Group of 20 summit in Rio de Janeiro next week, where he will also make a state visit to Brazil.
(Production: Alberto Fajardo, Antony Marina, Anna Portella) - Copyright Holder: REUTERS
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