China opens $1.3 billion megaport in Peru amid US security concerns

Chinese President Xi Jinping and Peruvian President Dina Boluarte inaugurated a $1.3 billion mega port in Chancay, Peru, on November 14. The port, built by Chinese shipping giant Cosco, aims to enhance trade between Asia and Latin America. The Chancay port can accommodate large container and potentially military ships. U.S. officials express concerns about China's growing influence in the region, viewing the port as a potential security threat due to its proximity to the U.S. Despite U.S. apprehensions, Peruvian officials emphasize that the port will operate under local oversight. However, some local fishermen report negative impacts on their livelihoods due to the project.