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Xi to kick off week-long diplomatic blitz in Latin America
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Peruvian port seen as major hub for trade to Asia
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China now largest trading partner of some Latam countries
By Eduardo Baptista and Marco Aquino
LIMA, Nov 14 (Reuters) - Chinese President Xi Jinping
will arrive in Lima on Thursday, kicking off a week-long
diplomatic blitz in Latin America by inaugurating the massive
Chancay deep-water port, one of Beijing's most ambitious
infrastructure investments in Latin America.
Xi will participate in the Asia-Pacific Economic Cooperation
summit in Lima and then the Group of 20 summit in Rio de Janeiro
next week. Xi will also conduct state visits to Peru and Brazil,
both major sources of metal ores, soybeans, and other
commodities that sustain key Chinese industries like electric
vehicles, pork, as well as guaranteeing food security for the
country's population of 1.4 billion.
Xi's first order of business in Lima is to headline an
inauguration ceremony for the Chancay port, along with Peru's
President Dina Boluarte. The China-controlled megaport, built by
Cosco Shipping Ports ( CSPKF ) and located on Peru's Pacific
coast, has already drawn $1.3 billion in Chinese investment,
with billions more expected as Beijing and Lima look to turn
Chancay into a major shipping hub between Asia and South
America.
"We need to jointly build and manage well the Chancay port,
make 'from Chancay to Shanghai' truly become a prosperous path
to promoting the joint development of China-Peru, and China-
Latin America," Xi wrote in an opinion article published on
Thursday in the official daily El Peruano.
The inauguration of the port comes at a time when Beijing is
looking to further tap into resource-rich Latin American region,
amid trade tensions with Europe and concerns about future
tariffs from the incoming Trump administration.
Chancay, China's largest investment in a Latin American
port, has raised alarm bells in Washington. General Laura
Richardson, former U.S. Southern Command chief, warned earlier
this month before retiring that Chancay could be used by the
Chinese military's navy and for intelligence-gathering.
U.S. anxieties about Chancay reflect a broader, decades-long
shift in a region known as Washington's backyard that has seen
China overtake the United States to become the largest trading
partner of countries like Peru.
China's state-backed Global Times wrote in an editorial
published on Monday that the port was a "bridge for practical
cooperation between China and Latin America and is by no means a
tool for geopolitical competition", calling U.S. accusations of
the port's potential military use "smears".