China inaugurates $1.3 billion megaport in Peru as locals voice concerns

Chinese President Xi Jinping virtually inaugurated a $1.3 billion megaport in Chancay, Peru, on November 14, 2024. The port, majority-owned by Chinese shipping giant Cosco, aims to enhance trade between South America and Asia. Local residents express concerns about the port's impact on their fishing livelihoods. Many fishermen report diminished catches and lost fishing grounds due to the port's construction, leading to skepticism about promised economic benefits. While the Peruvian government anticipates significant revenue and job creation, locals feel excluded from these developments. Port authorities acknowledge the disparity between the new port and the impoverished community, stating they are exploring ways to address local needs.