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International Business Times

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AFP News

Peru's Chancay: China's Megaport Of Entry To South America

Chancay Xi Jinping Peru South America China Dina Boluarte Beijing Lima

Chinese President Xi Jinping is set to inaugurate a major new Beijing-funded port in the small Peruvian town of Chancay, north of the capital Lima (Credit: AFP)

Huge cranes loom over Peru's massive new Chinese-funded Chancay port, a symbol of Beijing's growing influence in South America which is set to be inaugurated by President Xi Jinping on Thursday.

"It's nearly ready," Gonzalo Rios, deputy general manager of the Peruvian subsidiary of Chinese port operator Cosco Shipping, which has a 60 percent stake in the facility, said during a recent visit to the deep-water port.

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