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Friday, May 3, 2024

Bangkok Post – China widens South America trade highway

Dragline excavators stand at the construction site of a new $3.5-billion Chinese mega-port, scheduled to open later this year in Chancay, Peru. (Photo: Reuters)

CHANCAY, Peru – In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega-port rising on the Pacific coast, promising to turbocharge South America’s trade ties with China.

The $3.5-billion deepwater port, set to start operations late this year, will provide China with a direct gateway to the resource-rich region. Over the last 10 years, Beijing has unseated the United States as the…

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