The new megaport is 992 hectares in size and creates a direct link between Shanghai and Peru and will cut shipment times down by 20 days on some routes.

The port opening in Chancay underscores China’s growing clout in a region that once looked primarily to the United States for economic opportunity.

The Chinese leader is due to inaugurate a $1.3 billion megaport that is expected to become a hub for South America-Asia trade.

Lima, Peru - Recent As the 2024 APEC gathering commences in Lima, Peru, China's deepening partnerships with Latin American nations - bolstered by trade, investment, and the Belt and Road initiative - serves as a key example of the country's commitment to fostering inclusive economic cooperation across the Asia-Pacific region.

A remote fishing town on the edge of Peru’s coastal desert is the site for a $1.3 billion megaport majority-owned by the Chinese shipping giant Cosco