Peru's newly-opened Chancay Port is expected to play a vital role in promoting trade between South America and Asia, according to Peruvian and Chinese experts. An opening ceremony was held for the port on Thursday,

Residents relax and enjoy the beach under the sun, as cranes build Chancay Port in the background in Lima, Peru, on October 29, 2024. Photo: VCG Giant containers pile up at the newly developed Chancay Port, Chancay, Peru, on October 24, 2024. Photo: IC

China has made a $1.3 billion bet that a new port in Peru will boost access to South America’s agricultural bounty. Cashing in on the investment may be harder than expected.