In the bustling region north of Lima, Peru’s capital, the Chancay Port stands as South America’s first smart port—a symbol of innovation and collaboration between China and Peru under the Belt and Road Initiative. Since becoming operational in November 2024, this port has not only revolutionized trade routes but also breathed new life into the local economy.
The Chancay Port has shortened shipping times from Peru to China to just 23 days, cutting logistics costs by over 20%. This efficiency boost is projected to generate $4.5 billion in annual revenue for Peru and create over 8,000 direct job opportunities. Beyond economic benefits, the port houses an animal rescue center dedicated to protecting seals, penguins, and other wildlife, enhancing their habitats, wetlands, and beaches.
Embracing Mutual Growth
Despite these positive impacts, some critics question China’s growing presence in Latin America, fearing a shift in regional influence. However, local perspectives tell a different story. Leolino Dourado, a researcher at the Universidad del Pacifico in Lima, noted, “American concerns about the port being used by the Chinese military have not resonated in Peru, which has welcomed the prospect of a high-tech hub attracting investment to the region.”
For Latin American countries, partnerships like these are a matter of sovereign choice aimed at fostering development and improving livelihoods. China’s cooperation comes without strings attached, focusing on mutual benefits rather than geopolitical competition.
Beyond Borders: Shared Prosperity
The Chancay Port is just one example among many. In Brazil, the Belo Monte hydropower project is addressing electricity shortages for over 22 million people, powering industrial hubs and remote communities alike.
It’s important to move past misconceptions and recognize that openness and cooperation pave the way for shared prosperity. China encourages the international community, including all major countries, to contribute positively to global development efforts. By embracing partnerships based on mutual respect and benefit, the Global South can step toward a brighter, more connected future.
