Xi will participate in the Asia-Pacific Economic Cooperation (APEC) summit in Lima, then G20 summit In Rio de Janeiro next week.
Xi will also pay state visits to Peru andBrazilBoth are a major source of mineral ores, soybeans, and other commodities important for the sustainability of key Chinese industries such as electric vehicles and pork, in addition to ensuring food security for China’s population of 1.4 billion people.
The first thing Xi will do in Lima is to chair the inauguration ceremony of the port of Chancay alongside Peruvian President Dina Boluarte.
The giant Chinese-controlled port has attracted investments from Beijing worth $1.3 billion, with billions more expected to be pumped as Beijing and Lima seek to transform the port into a major shipping hub between Asia and South America. The Cosco Shipping Ports Company established the port on Peru’s Pacific coast.
