A remote fishing town on the edge of Peru’s coastal desert is the site for a $1.3 billion megaport majority-owned by the Chinese shipping giant Cosco.

Summary

China’s President Xi Jinping inaugurated the $1.3 billion Chancay megaport in Peru, a key hub for South America-Asia trade, promising “tangible results” like jobs and revenue.

However, locals in the impoverished fishing town say the project has destroyed fish breeding grounds, reduced catches, and brought no economic benefits.

Residents fear further pollution, citing past oil spills.

While officials promote the port’s potential for regional growth, locals criticize the lack of infrastructure investment in their community, calling the port a “monster” that worsens inequality.

  • @[email protected]English
    2•1 month ago

    Because Xi is an imperialist despot claiming ownership of things he or his country does not own.