When U.S. officials are asked about China, the discussion usually defaults to Taiwan or tariffs. But another threat from Beijing has been growing for years, and it can be found much closer to home—in Latin America.
Case in point: the deep-sea megaport that just opened in Chancay, Peru.
A port opening hardly looks like something that should worry the United States. But this port is 60%-owned by COSCO Shipping, the state-owned Chinese giant with exclusive operating rights.
Chancay Port is a huge win for Beijing. It’s expected to slash roughly 10 days off the time it takes to ship goods between China and South America, making it easier and more cost-effective for Beijing to exploit the continent’s resources and flood the region with its exports, from solar panels to electric vehicles.
These benefits will multiply further after a planned rail link connects…
