China opens major port in Peru to boost trade and influence in Latin America

China has opened a major port in Chancay, Peru, aiming to enhance its influence in Latin America. The project, backed by $3.6 billion in investments, will be operated by Chinese shipping giant Cosco and is expected to create 8,000 jobs. The port's strategic location raises U.S. concerns about potential military use by China. U.S. officials warn that it could serve as a base for Chinese naval operations, although Chinese authorities maintain the project is purely commercial. Peru's government views the port as a transformative opportunity, enhancing trade routes to Asia. The port will be the first in South America capable of accommodating large carrier ships, potentially boosting Peru's economy and attracting further Chinese investment.