Xi Jinping in Peru to Unveil China-Funded Megaport in Chancay Amid Protests | Firstpost America Chinese President Xi Jinping is visiting the Latin American nation of Peru where he will be unveiling a Chinese-funded megaport in Chancay City,

By Alek Buttermann The inauguration of the Chancay Megaport in Peru marks a significant moment for regional trade, with the facility set to become South America’s largest commercial port. Developed by China's state-owned Cosco Shipping,

Chinese President Xi Jinping launched a week-long diplomatic blitz of South America on Thursday by inaugurating a massive deep-water port in Peru, a $1.3 billion investment by Beijing as it seeks to expand trade and influence on the continent.