The port opening in Chancay underscores China’s growing clout in a region that once looked primarily to the United States for economic opportunity.

The port has the potential to “transform trade” by turning Peru into a shipping hub thanks to Chinese investment.

Peru is inaugurating a huge commercial port built by China, which is expected to become a game changer in the region. Also, a new study finds that private aviation is booming, with flights often clustered around big international events — including climate summits.

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