Xi Jinping Inaugurates Chancay Megaport: A New Era for Peru's Trade and Economy

Chinese President Xi Jinping inaugurated the Chancay megaport in Peru on November 14, 2024, marking it as South America's first Chinese-funded port. This $1.3 billion investment aims to generate $4.5 billion in annual revenues and create over 8,000 jobs while reducing logistics costs for trade between Peru and China by 20%.