The investment 'stock' from China in Peru already exceeds 30 billion dollars (25.801 billion euros), according to data released by the Chinese Embassy in the Andean country. According to the diplomatic mission, this capital flow would have contributed to generating "development opportunities, employment, tax revenues, trade surplus, and international reserves."
"Peru is one of the most open and receptive economies to foreign investment in Latin America, with a solid legal framework, transparent market rules, and a professional regulatory system. [...] Peru is the second largest destination for Chinese investment in Latin America," the Embassy has pointed out in a 'post' published on X, highlighting the country's appeal to Chinese investors.
The 'Asian giant' has also emphasized that its projects in Peruvian territory do not generate "a cent of debt" and that they are subject to the "sovereign jurisdiction of the Peruvian State," in an indirect reference to the criticisms made from the United States about the Chinese presence at the Port of Chancay.
This port facility is configured as an automated mega-commercial port of almost 1,000 hectares, designed to establish a direct connection between South America and Asia. In its shareholding, the Chinese state company Cosco Shipping Company controls 60% of the infrastructure, while the Peruvian Volcan Compañía Minera holds the remaining 40%.