Xinhua Headlines: China, Peru ready to build new land-sea corridor connecting Latin America with Asia
* China is ready to work with Peru to build a new land-sea corridor between China and Latin America with the Chancay Port as a starting point, Xi said. * As a flagship BRI project, the Chancay Port will enhance trade efficiency between Peru and Asia, cutting shipping times to China to 23 days and reducing logistics costs by at least 20 percent.
Xi Inaugurates South America's First Chinese-funded Port In Peru
Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration.
A new China-backed megaport in Peru may create whole new trade routes that will bypass North America entirely.
At the APEC summit, Chinese President Xi Jinping emphasized the need to reject unilateralism and protectionism, advocating ...
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