Starting Latin America Trip, Xi Jinping Opens Huge Port in Peru Funded by China
LIMA (Reuters) -Chinese President Xi Jinping launched a week-long diplomatic blitz of South America on Thursday by inaugurating a massive deep-water port in Peru, a $1.3 billion investment by Beijing as it seeks to expand trade and influence on the continent.
A new China-backed megaport in Peru may create whole new trade routes that will bypass North America entirely.
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