{
Dina Boluarte

People

}

China strengthens ties with Latin America through new port in Peru

China is enhancing its economic ties with Latin America, exemplified by the inauguration of a $3.5 billion megaport in Peru, which will significantly reduce shipping times to China. This development is part of China"s Belt and Road initiative and positions China as a dominant trade partner in the region, challenging U.S. influence. Experts note that the port could lead to increased Chinese investment and revive discussions on a bioceanic corridor linking Peru and Brazil, further solidifying China"s strategic presence in Latin America.
CNBC
United States Dollar Chinese Yuan Brazilian Real Peruvian Sol Cosco S&P Global Market Intelligence USA BRA CHN PER Carlos Cardenas William Reinsch Juan Carlos Ladines Azalia Xi Jinping Dina Boluarte Show more
Finance & Economy, News Article
03:40 19.11.2024

China invests 1.3 billion in Peru port amid trade challenges

China has invested $1.3 billion in the Chancay port in Peru, aiming to enhance access to South America's agricultural resources. The port was inaugurated by Chinese President Xi Jinping and Peruvian President Dina Boluarte, reflecting China's strategy to strengthen trade ties with the region amid anticipated trade restrictions under the incoming U.S. administration.
bloomberg.com
Chinese Yuan Peruvian Sol Bloomberg L.P. Chancay port PER CHN Xi Jinping Dina Boluarte
Finance & Economy, News Article
13:00 15.11.2024
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