Chancay: The new 3.5 B mega shipping port being built in Peru to service South America’s most rich regions

And who is building it? The Chinese, of course. When the US abandoned the region decades ago, they filled the vacuum. The $3.5-billion deepwater port, set to start operations late this year, will provide China with a direct gateway to the resource-rich region. Over the last 10 years, Beijing has unseated the United States as the largest trade partner for South America, devouring its soybeans, corn and copper. The port, majority-owned by Chinese state-owned firm Cosco Shipping, will be the first controlled by…

Why China is looking to increase agribusiness investment in Latin America

CHINA SPEND ON AUSTRALIAN AGRIBUSINESS HAS TRIPLED IN ONE YEAR China’s investment in Australian agribusiness has tripled in just a year as China strives to meet rising demand for high-quality food among its growing middle class. In 2016, Chinese companies invested $1.2 billion in Australian agribusiness – three times 2015’s investment of $375 million – says a report from financial services provider KPMG and the University of Sydney. The report, Demystifying Chinese Investment in Australia,…
Real Estate and Investment News from South America
Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on Pinterest