China Megaport Boosts Latin America
This is a China news story, published by BBC, that relates primarily to Xi Jinping news.
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new ChinaBBC
•China megaport paves way into Latin America as wary US looks on
73% Informative
China -backed megaport has potential to create whole new trade routes that will bypass North America entirely.
President Xi Jinping attended inauguration of the Chancay port on the Peruvian coast this week .
The $ 3.5bn project, masterminded by China 's state-owned Cosco Shipping , is set to transform the country's economy.
Latin America is bracing itself for a bumpy four years - and if the US and China start a full-blown trade war, the region stands to get caught in the crossfire.
There is still much goodwill towards the US in Latin America , but the region's "massive needs" are not being met by its northern neighbour.
VR Score
77
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47
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English
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