President Xi Jinping is in Peru today for the inauguration of a massive port that China is promoting as a game-changer for trade connectivity between Latin America and Asia. The Chancay port, situated on Peru's Pacific coast approximately 70 km north of the capital, Lima, is a significant $1.3 billion project predominantly owned by COSCO and stands as a flagship initiative of the Belt and Road project in Latin America. Upon full completion, with a total investment of $3.6 billion, Chancay will feature 15 quays with a depth of 17 meters and an extensive industrial park. The port's proponents aim to expand its reach inland, enticing Brazilian clients with a Pacific gateway for their shipments to Asia. The phrase 'From Chancay to Shanghai' has been a recurring slogan in Chinese media recently. Brazil and Peru are linked by the Southern Interoceanic Highway, which traverses the Brazilian agricultural centers of Acre and Rondônia. COSCO has detailed plans to utilize feeder ships to transport cargo from Colombia, Ecuador, and Chile, which will subsequently be shipped to Asia from Chancay. Initially, vessels carrying up to 14,000 containers will be used, with plans to progressively transition to larger ships capable of holding up to 24,000 TEUs. President Xi is in Peru this week to attend the Asia-Pacific Economic Cooperation (APEC) summit. Peru's current primary container port, Callao, has undergone substantial upgrades this year by its two main investors, DP World and APM Terminals.