China has inaugurated the Chancay megaport in Peru, a $3.5 billion project aimed at reshaping trade routes in Latin America. With Chinese President Xi Jinping present, the port is set to enhance direct access to Asian markets for goods from…

China inaugurated the $3.5 billion Chancay megaport in Peru during President Xi Jinping’s visit, marking a significant pivot in trade routes that could bypass the US. This port, developed by China’s Cosco Shipping, aims to connect goods from various South…