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

Chinese President Xi Jinping opens the Chancay deep-water port in Peru:: The port is a $1.3 bln Beijing investment to boost its trade and influence in South America:: November 14, 2024:: Lima, Peru:: Xi Jinping,

The new megaport is 992 hectares in size and creates a direct link between Shanghai and Peru and will cut shipment times down by 20 days on some routes.