A new China-backed megaport in Peru may create whole new trade routes that will bypass North America entirely.

China is ready to work with Peru to build a new land-sea corridor between China and Latin America with the Chancay Port as a starting point, Xi said.

Chinese President Xi Jinping and his Peruvian counterpart, Dina Boluarte, inaugurated South America’s largest and most modern port. Built by the Chinese state-owned company Cosco Shipping, Chancay ...