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We were only beginning to absorb the implications of US president-elect Trump’s stunning victory in this month’s election when the focus of world attention shifted a few thousand kilometres south.
Leaders representing the Apec descended on Lima, Peru, within a week of the election, before moving on to Rio de Janeiro for the G20’s annual meeting.
Xi arrived in Peru accompanied by some 400 businesspeople and entrepreneurs to attend the summit, but in some ways, China’s arrival had preceded him in the form of excitement – and concern among some American officials – around a multibillion-dollar Chinese-funded megaport on the country’s coast.
Funded through China’s Belt and Road Initiative, which Washington has been trying to counter, the Chancay Port will open a conduit for critical minerals and other strategic South American commodities to China and the rest of Asia.
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