China's president to inaugurate $1.3 billion megaport in Peru amid local concerns

China's President Xi Jinping will inaugurate a $1.3 billion megaport in Chancay, Peru, during the Asia-Pacific Economic Cooperation forum. 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 dredging, which has altered the seabed and breeding areas for fish. While the Peruvian government anticipates economic benefits from the port, locals remain skeptical. They highlight the lack of basic services in Chancay and fear pollution from increased shipping activity, as the town struggles with declining tourism and fishing stocks.