China's Megaport in Peru Worries US About Beijing's Debt-Trap Diplomacy | Firstpost America
Peru is seeking investors in US for a new port project to counter increasing Chinese influence on maritime trade in the country. The Chinese state-owned company Cosco Shipping is about to open $1.3 billion Chancay port, which is expected to impact trade between South America and Asia. This port will be the first on South America's Pacific coast capable of handling mega-ships due to its 60-feet depth and the US sees this as a challenge, as it wants to prevent China from gaining more control. The port is expected to be inaugurated by Chinese President Xi Jinping later this year. Watch this video to know more.
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China | Mega Port | Peru | US | Debt-Trap | Diplomacy | Firstpost America | Eric Ham | War | Geopolitics | Global Economy | Firstpost | World News | Latest News | Global News | International News | Trending News
#china #peru #usa #debttrap #diplomacy #firstpostamerica #ericham #war #geopolitics #economy #firstpost #worldnews #latestnews #globalnews #internationalnews #trendingnews
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