Eurasia Review on Nostr: From Chancay To Shanghai: China Undercuts The US In Peru – Analysis ========== The ...
From Chancay To Shanghai: China Undercuts The US In Peru – Analysis
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The Chancay port in Peru, built by China, signifies a shift in Latin America's geopolitical landscape, challenging US influence; China's Belt and Road Initiative (BRI) includes multiple infrastructure projects across Latin America; Chancay port represents a $1.3 billion investment by Cosco Shipping, expected to generate $4.5 billion annually and create over 8,000 jobs; the port reduces trade costs between Peru and China by 20%; the first ship from Chancay to China is set to sail this week; Chancay aims to shorten shipping time from 35 to 23 days; the port is nearly fully automated and designed to withstand earthquakes; the project is seen as a gateway for Brazilian exports to Asia; Peru's government aspires to become a key transit point for Latin American trade to Asia.
#China #Peru #ChancayPort #BeltAndRoadInitiative #UsInfluence #Trade #Infrastructure #CoscoShipping #LatinAmerica #Geopolitics
https://www.eurasiareview.com/03122024-from-chancay-to-shanghai-china-undercuts-the-us-in-peru-analysis/
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The Chancay port in Peru, built by China, signifies a shift in Latin America's geopolitical landscape, challenging US influence; China's Belt and Road Initiative (BRI) includes multiple infrastructure projects across Latin America; Chancay port represents a $1.3 billion investment by Cosco Shipping, expected to generate $4.5 billion annually and create over 8,000 jobs; the port reduces trade costs between Peru and China by 20%; the first ship from Chancay to China is set to sail this week; Chancay aims to shorten shipping time from 35 to 23 days; the port is nearly fully automated and designed to withstand earthquakes; the project is seen as a gateway for Brazilian exports to Asia; Peru's government aspires to become a key transit point for Latin American trade to Asia.
#China #Peru #ChancayPort #BeltAndRoadInitiative #UsInfluence #Trade #Infrastructure #CoscoShipping #LatinAmerica #Geopolitics
https://www.eurasiareview.com/03122024-from-chancay-to-shanghai-china-undercuts-the-us-in-peru-analysis/