China's New Megaport in Peru Raises Strategic Concerns

The $1.3 billion Chancay port aims to boost trade but sparks U.S. security worries.

• Chinese President Xi Jinping and Peruvian President Dina Boluarte inaugurated the Chancay port, which is expected to enhance trade connectivity between South America and Asia.
• The port, located 80 kilometers north of Lima, is part of China's Belt and Road Initiative and is seen as a potential logistical hub for South America.
• U.S. officials express concern over China's growing influence in Latin America, viewing the port as a possible security threat due to its proximity to the U.S.
• The port is forecasted to handle over 1 million TEU in its first year, with the potential to create over 8,000 jobs in Peru over the next decade.
• While some locals worry about the environmental impact, Peruvian officials are optimistic about the economic benefits and emphasize continued oversight of port operations.

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