In terms of assessments of developments in the current stage of the ‘Great Global Game’, the leader of the second world power, Xi Jinping, was at the center of a number of events that happened in mid-November in Peru and Brazil.

The opening of Peru’s Chancay Port in Peru as a symbol of China’s strengthening of its position in Latin America

The official opening of the first phase of Chancay Port took place on November 15 this year. The ceremony was held via videoconference and was attended by Peruvian President Dina Boluarte and Chinese President Xi Jinping, who had previously held a bilateral meeting that culminated in the signing of a number of important documents on trade and economic relations.

During the ceremony, Dina Boluarte called the opening of the port of Chancay “a historic moment for Peru and all Peruvians”, as it begins the process of “transforming the country into a world-class logistics, technological and industrial center”.

And these are mere “ceremonial” declarations, as the port of Chancay is connected to the world’s longest highway, the Pan-American, and therefore, for transoceanic shipping purposes, the port will in effect serve a number of other countries on the continent. Bolivia, Ecuador, Venezuela, Chile and Argentina already have access to the port, and in the future they will be joined by Brazil, the largest economy in Latin America. This, however, will require the implementation of a trilateral project (involving China, Brazil and Peru) to build a railroad route 5,000 kilometers long and costing about $70 billion.

The Global Times predicts that Chancay will become the “hub and gateway” of a transportation route linking the new port with Shanghai. In turn, this route will become a crucial element of the entire Latin American branch of........

© New Eastern Outlook