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Chancay (Peru)



Source: TH

 Context: China is expanding its trade influence in South America with a new mega port project in the Peruvian town of Chancay.

The over $3 billion deep water port, majority-owned by Chinese state-owned firm Cosco Shipping, is set to start operations late this year. This port, part of China’s ‘Belt and Road’ initiative, aims to enhance trade ties with South America by providing a direct gateway to the resource-rich region.


About Peru

It is a country in South America that’s home to a section of the Amazon rainforest and Machu Picchu, an ancient Incan city high in the Andes mountains. The region around Machu Picchu, including the Sacred Valley, Inca Trail and the colonial city of Cusco, is rich in archaeological sites. On Peru’s arid Pacific coast is Lima, the capital.