Newsweek: China's Xi unveils megaport in America's “BACKYARD” amid US concerns

[ReasonableMatic]

Chinese President Xi Jinping and Peruvian counterpart Dina Boluarte on Thursday inaugurated a new
$1.3 billion mega port in Peru's coastal city of Chancay that was built and funded by Chinese shipping giant Cosco.

While taking part in the ceremony virtually with Boluarte, Xi lauded the venture as a gateway connecting Asia and Latin America and an important source of revenue and jobs for the Andean country, Chinese state mediareported.

Chancay is touted by Xi as South America's first green and smart port. Roughly 40 miles north of the Peruvian capital of Lima, the harbor is expected to reduce shipping times between the countries from 35 to 25 days by allowing ships to bypass port stops at Manzanillo, Mexico, and Long Beach, California.

China's Xi unveils megaport in America's backyard amid US concerns

The Chinese state enterprise-owned Chancay port can berth some of the largest container ships, and potentially Chinese warships.

www.newsweek.com

“BACKYARD”

CRACKKKAS got some nerve
UPDATE:
AmeriKKKa is such an insecure lil bytch about China


So contrary to what Blinken implies, this isn't the U.S. "building a new passenger train line" for Peru, but a local California train company selling some of its old retired diesel trains... In a deal whose size is more than 500 times smaller than the one made by China.

 

[DrexlersFade]

Yeah South America

 

[TELL ME YA CHEESIN FAM?]

The Chinese ain't ready for that uncut white

 

[ReasonableMatic]

The Chinese ain't ready for that uncut white

China been ready for that Fenty tho

#IYKYK

 

[TELL ME YA CHEESIN FAM?]

China been ready for that Fenty tho

#IYKYK

They just make it and export it to the West

 

[IIVI]

We’ll see, they said it’s green/environmental friendly and automated. That’s enormous already.

Don’t be worried, time to compete.

 

[ReturnOfJudah]

Pretty sure we got shyt overseas too

 

[King Harlem]

Pretty sure we got shyt overseas too

Yeah, I wonder what kinda shyt we do to China and Russia. We only hear about when they do something to us, but I'm sure we do all types of stuff to agitate them.

 

[Strapped]

Maybe China didn't know or give a fukk about the Monroe Doctrine

China builds infrastructure & the Man builds military bases

 

[Dafunkdoc_Unlimited]

Yeah, I wonder what kinda shyt we do to China and Russia. We only hear about when they do something to us, but I'm sure we do all types of stuff to agitate them.

Do you understand what Communism is? We in the West don't have to do anything but exist for them to want us to fail......AND WHY ARE YOU CAPING FOR COUNTRIES THAT DON'T LIKE BLACK PEOPLE???!!​

 

[RamsayBolton]

it is going to be wild watching China absolutely lap the U.S. in global influence while we're dealing with stopping backsliding over the stupidest shyt

 

[levitate]

Read about this a few days ago.

One of those deepwater types that can accommodate the huge dikk ships.

shyt is only $1.3 billion too…Even if the budget balloons to twice that amount…that ain’t shyt cost wise. Imagine if we built more infrastructure like this instead of military bases and military planes and shyt..

 

[Chrishaune]

Read about this a few days ago.

One of those deepwater types that can accommodate the huge dikk ships.

shyt is only $1.3 billion too…Even if the budget balloons to twice that amount…that ain’t shyt cost wise. Imagine if we built more infrastructure like this instead of military bases and military planes and shyt..

The U.S. wants to dominate.
They don't want to help people.

It's all about European supremacy for the government of the U.S.
It doesn't matter the party.

 

[Sir Richard Spirit]

it is going to be wild watching China absolutely lap the U.S. in global influence while we're dealing with stopping backsliding over the stupidest shyt

It’s going to be wild watching Peru beg America to get them out of this deal. We going to get all that soybean money back.

Pity the Peruvian negotiators who, five years ago, signed an agreement with the Chinese giant Cosco Shipping Ports. The agreement was about the Port of Chancay, located near Lima, which was to become a megaport and “the gateway from South America to Asia,” as one Cosco manager told The Associated Press. But now, as the massive port nears completion, an “administrative error” by unnamed officials in Peru has given Cosco Shipping Ports exclusivity over operations at the Port of Chancay, the Peruvian port authority (APN) announced in March. Other infrastructure operators still hoping for large Chinese investments should pay heed.

That’s bad news, because the two-terminal construction is to be completed later this year, and Peru has great expectations. Cosco acquired 60 percent ownership over the port when the deal was announced in 2019, and together with Peruvian mining company Volcan, it has invested a staggering $3.5 billion in the project, which intends to turn the natural deep-water port into a cargo megaport. The Peruvian government, though, assumed that the Chinese shipping giant would merely be using the port that it will majority-own, not have exclusive rights to it. But during the negotiations, Cosco somehow gained precisely these rights. Now APN is trying to rescind the exclusivity, saying it made a mistake.


The joy was, alas, abruptly halted last month, when Cosco sent Arista’s Economy Ministry a letter disputing the contents of a message that it had received from APN. In its letter, the port authority had explained its “administrative error” and pointed out that it doesn’t have the authority to grant exclusive port access. The Chinese firm, though, is standing its ground, even implying that it could pull out if it doesn’t get exclusive access.

The Peruvian government may—like countless other governments in countries ranging from Italy to Sri Lanka that, until recently, enthusiastically courted Chinese infrastructure investments—simply have gotten cold feet about Cosco in Chancay, especially since Cosco is ultimately owned by the Chinese state through its mainland-based parent company, Cosco Shipping. Or APN may in fact have been outfoxed in the negotiations. Last year, the U.S. government told Lima that it was concerned about Chinese infrastructure control in Peru.

Either way, the Peruvian government is now in a massive bind, with the port scheduled to be completed and start operations at the end of this

 

[King Harlem]

Do you understand what Communism is? We in the West don't have to do anything but exist for them to want us to fail......AND WHY ARE YOU CAPING FOR COUNTRIES THAT DON'T LIKE BLACK PEOPLE???!!​

That probably came off like I'm an apologist for Communist countries, I'm not. I understand if America starts to take a backseat that Russia and China will fill that void and the world will be worse for it. I just know how things work and I understand the U.S. is constantly involved in that region and all other regions which probably agitates China as much as them building a port in South America agitates the U.S.