“Xi Jinping inaugurates Peru’s Chancay port, emphasizes deeper China-Latin America cooperation” – November 17, 2024

Located about 80 kilometres north of Lima, Chancay Port is expected to reduce shipping times between South America and Asia from 40 days to 23, with an economic impact projected at $4.5 billion annually and the creation of 8,000 jobs. Xi highlighted the port’s regional importance, saying, “It will help build an Inca Trail of the New Era with Chancay Port as its starting point, thus boosting the overall development and integration of the region.”

The inauguration took place as Xi participated in the Asia-Pacific Economic Cooperation (APEC) summit in Lima, where he delivered remarks emphasising multilateralism and globalisation. “We should see to it that economic globalisation generates more positive outcomes and is taken to a new phase that is more dynamic, inclusive, and sustainable,” Xi said during his address. He also underscored the importance of collaboration, stating, “The Asia-Pacific miracle was built on openness and cooperation. We must continue to uphold these principles.”…