They made a deal to pump Venezuelan oil, and give them 20 cents on the dollar. When Chavez demanded half he got a failed coup attempt and an economic embargo....and f_ckin' Juan Guaido!
Dongfeng Express, Guam Express. countries that installed missiles or hosted the empire's mercenary will receive free gifts if conflict should breakout.
Recently an American television journalist was laughing / puzzled at how so many Chinese owned ports will not have the berth size to accomodate an aircraft carrier.
When you are investing $3.5 billion in a project, you naturally want exclusive control of its operation, especially in a region known for corruption, incompetence, instability, and uS interference. Name me one US company that has invested $3.5 billion or more in a project that does not have exclusive control over its operation. The Peruvian government, in the face of criticism, is pretending not to know that the Chinese would have exclusive control over operation.
@@katong1953 Correct, Peruvian authorities knew very well the details of the contract, they are just pretending weren't aware of the fine print, that's all
@@TeddySy-rs2yv Oh, They are *VERY* "concerned". They just can't do too much about it without launching a full scale Global conflict which CANNOT be blamed on anyone else.
😊well in Washington defending all USA corporate oligarchs elites they know think this is right for latin America. USA love have them in poor structure invest and steal their naturals resources, "make America great again " which America? Just theirs. Ignoring the Latin American are Americans too😊
Well stated. What worries peruvians, however, is that there is so much corruption in Peru that it's quite easy for China to do whatever they want there.
@@DD-vf9ow Yeah sure troll. Just like the US did to Iraq, Afghanistan, Syria, Libya, etc. Much worse they don;t just destroyed the country and killed civilians but literally plundered and stole literally gold and oil from these poor country. Not to mention those countries outside middle east that I lost count already.
More like US destabilized the local gov , replaces it with a puppet gov , over charge the locals 5 times the price for a port. Take forever to build it then laugh at the locals for being poor.
@@julieta203 Recently an American television journalist was laughing / puzzled at how so many Chinese owned ports will not have the berth size to accomodate an aircraft carrier.
@@g.g.v5716 As someone with Peruvian heritage, and who has basically lived in Peru. I can assure you it is definitely not the most wealthy nation in Latin America. it’s even a joke amongst other Latin American countries 😅. I do agree with @ykhan187 ‘s point though
@g.g.v5716 No it's not. I am from Peru. We are not the wealthiest not even close. Minimum montly salaries is $260 a month. And lots of things are more expensive than in the United States. Gas, anything with electronics, imported products unless they are from China. People here like China, because we have the largest Chinese descendants population, and everything is cheaper. Some toys, all video games, or music, I owned as a teenager were from China.
they did invest their time n energy alot in south america ....... In color revolutions , regime changes, forced privatisation of national assets for the benefits of their corporations , sanctions or seizures of nationaL assets.
I admire the ambition of China they keep investing further afield while the USA seems to be inward looking, I know what strategy will be more successful.
you expect us to believe that the Peruvian government overlooked the "exclusive clause..?" For a contract of that size an army of LAWYERS would have combed through every single line.
its typical, everytime america staged a coup then tell the puppet government to sign on unfavourable contract those bots say "they signed up for it!!", but when countries and companies willingly sign on contract those bots always say "its hidden clause!"
This is the problem with democracies and opportunistic politicians. Nobody will give control to a minority investor. And how could Peru lose from COSCO managing the port? Isn't letting a internationally experienced management control the port better for Peru?
@olderchin1558 Peru have plenty of places to build a port with a natural deep waters.cosco and volcan build from scratch. Nothing we can do about it coz is a private interprice.the government just make a license. Wich for law must do.
China’s influence: Infrastructures, building up economies for other countries, bringing technologies to other countries, medical facilities for other countries, teaching new farming methods to other countries, teaching other countries new medical procedures and giving them new medicines to treat illnesses, improving education systems for other countries, building airports and seaports to allow other countries to more easily trade with one another, allowing other countries to sell what they have to China to improve their economy, helping countries to maximize their profits in what they sell, and saves lives by helping countries in times of natural disasters and wars. US’s influence: Bombing, invasions, overthrowing governments, stealing natural resources, assassinations, bullying, interfering with other countries’ governments, claiming other countries’ internal business is a threat to the US’s National security so that the US could invade them and destroy them, set up death squads to kill other countries’ leaders that the US doesn’t like, set up puppet leaders who would follow every order given by the US to rule over other countries’ governments, installs fake non-government organizations such as the National Endowment for Democracy to destroy countries from within, puts countries into debt traps, and spreading lies and hate against China because China wants to help other countries to develop and become rich and powerful so that the US won’t be able to keep them down and powerless so that the US won’t be able to invade them and won’t be able to take advantage of them any time it wants! *Now, tell me what is wrong with China’s influence and why should the US’s influence take precedence over China’s influence?
The US right now has many domestic enemies and the problems they bring are now what keeps the U.S out of world affairs more than before. The U.S does not build infrastructure abroad not ever since the marshal plan, the reconstruction of Japan and then later South Korea. The U.S sells weapons to its “allies” and maintains influence through its embassies, CIA field operatives, military bases,etc in Latin America. The problem for the last 5-6 decades has been taking down leftist and communist sentiment in the region, the U.S’s priority was to keep democracies running and well not all countries have been success stories. With communism-socialist sentiment not going anywhere, Washington has learned to juggle with the uncertainty of victory from the right wing parties in Latin America, and closely watching when the paradigm turns to the left. China however comes to the region as a superpower strengthening its influence without overtaking leaders or leaving a bitter taste to the native populations who many are anti-west. They may exhibit what you may consider predatory lending practices, but at the end of the day they bring the expertise, management that countries in the region lack.
Sir stop trying to present this as China against Peru, before Costco there was nothing, and now the economic potential has a chance to benefit the people, we know the United States is most bothered by this
This channel IS a US Propaganda tool like many other Channels on YT, they have to portray China and its trading strategy a certain way, the mind and opinion of the viewer has to be shaped as well, in the past they would have simply overthew the democraticaly ellected peruvian gov before get a grippe
The US sounds like a real bully. Build and operate infrastructure projects are a proven method of building successful infrastructure. The builders have a stake in the projects success. Surely Peru is free to pursue trade with China and if China is competing with the US for Peruvian and South American exports, South American exporters will benefit. South Americans will also have cheaper access to Chinese products. Trade regulatory bodies still will be the guardrails against unfair practices. The US can always build their own ports- they certainly had many decades to do so.
Right to point, spot on... 😅😅😅 Unfair practice,😂😂😂😂😂 USA and Japanese has been in South America politics and weapons selling and had a hand in all political situations... That's why you all in undeveloped... And you all still talking about unfair contract? 😅😅😅 Get everything developed infrastructure, Education, laws, defence and GDP, then everyone can fight unfair contracts! Understand? 😊
@@manonegra666 and for Brazil! There is a chinese brazilian project to built a railway from a port in Brazil to Peru port! I hope they will suceed and that China will do more infrastructure projects in Brazil!
The Chinese had already planned in the 1990s to work with any one interested country in the East-Northern region of Latin America - to invest, build & operate a long-term seaport to facilitate high trade volume of goods shipments to & fro between China & Latin America! And now it has happened & 2-way shipments are happening! 👏👏👏
"Peru officials somehow overlooked critical details on the contract...". LOL. You can't be serious. Such a contract would be read and summarized a million times. If anything, it's a smokescreen excuse. Peru knows exactly what it's doing. Afterall, China is the biggest investor, importer and exporter in Peru. It operates so many ports around the world, and operate them so well. It's only natural to let the Chinese run this mega port they help build.
Much better to hear The US, The US, the US rather than America, America, America !!! They are so arrogant that ignore the fact that South American and Central American, Mexican and Canadian peoples are also Americans.
@@KayyHong The majority of that debt is held by Americans. If you have a 401K or insurance or even a bank account, you have invested directly or indirectly in the US debt. Individual States, Citys and Government institutions also invest heavily in that debt, as most it comes in the of US Savings Bonds and other Government issued finacial instruments and securities.
Im peruvian, no tension at all... they pay for it, they got exclusive rights! USA now have the chance of doing the same at the new Corio harbor ... I strongly suggest you guys do it!
Before China built the Chancay port in Peru, why didn't the United States build a port in Peru? In South America, the United States considers its area of influence, in the western Pacific especially Asia and the southeast it considers its area of influence, in the Middle East the United States considers its area of influence. What continent is the United States actually located on, is it North America or an Asian country? All regions in the world are considered areas of influence, other countries are considered just insignificant passengers.
This project represents a significant opportunity for Peru and consolidates China as its primary business partner. Great years are coming for Peruvians, but leveraging this properly will depend on having good governance with less corruption.
You mispronounced "US bribed Peruvian Government Officials" when you mistakenly said "concerned Peruvian Government Officials". I'm glad I caught that for you. China (and Russia) bring tangible improvements in the quality of life of people where they invest. That's Diplomacy. The United States Foreign Policy consists of coercion, threats, regime change, destruction and death. That's not Diplomacy.
That's why I like some countries governments that think about their people instead of thinking about the government self. Now everybody in South America will get their fair share of cheaper products. There is nothing American government can do about that.
Cambada de tontos ou inocentes. Vocês acham mesmo que a China tem interesse em desenvolver a economia da América do Sul??? O único objectivo da China é exportar ainda mais facilmente e barato para a LATAM e impedir que se industrialize. A China quer ser a fábrica do mundo e impedir que países, como o México, que se estão a posicionando como concorrentes industriais à China cresçam. A China quer importar matéria prima barata e exportar bens industriais.
All America does is to complain when the livelihood of its neighbors are being improved. Why hasn't America done something positive to its neighbors in more than 200 years?
Isn't this rather funny, in the 80s, US was on the top of the world in supply change but since then she found the stock exchange and operating the printing press more interesting. Whereas China simply plans to expand her industries especially with regard to logistics supply change thus invest heavily in rail, ports and shipping, air transport including improving those related technologies. Couldn't the US compete in the same vain? Or you have really find it too difficult to compete? Yes, we humans always try to find the easier way to have care free life!
America does not control the printing of its money, they gave that away to world bankers.... research it, it is true. Those bankers print US money, take possession of the money and loans it to the US. Who Does Everyone Think the US Owes $36 Trillion too? bankers that steal Americans own money then loans it back and yes, that is true and the people are that stupid. and no, trump is not fixing that.
China can finance, build and operate a port or any other structure in any other country. However, if the situation isn’t beneficial for the host country then it's easy to nationalize the structure and it can hardly be transported back to China. It's an incredibly risky investment for China but if it's beneficial for both countries then its a huge win win situation.
Peru no longer needs to get goods to Mexico or Long Beach in California to get to China, when they now have their own port? Was the US interested in investing $3.5billion in Peruvian ports before this? Now that China has, the US should be wondering why they did so little for real development in Peru for industry and agriculture and trade.
It is always good to have more buyers for goods from South America. Prices will become better and more competitive. I hope the US is not thinking South American resources all belong to them.
Your information is wrong. What Peru has done is give Cosco (China) the same conditions and exclusivity that Dubai Ports (UAE) or ATM Terminals (Holland) have in Callao because, obviously, those who invest in the ports are the ones who manage it. What happened is that unlike Callao where the operator invests in state infrastructure, Chancay was built from scratch and is not technically what we call a concession. There was then a legal loophole that was resolved by giving investments in new ports the same conditions as concessions. Btw, the possibility that the port of Chancay only receives or gives some type of preference to Chinese ships is totally prohibited by the Peruvian Constitution. ATM Terminals cannot give preferences to MAERSK vessels either.This type of treatment is considered discriminatory and harmful to free competition.
@@franciscodasilva5724 Public debt is impossible when the investment is private. There is no debt trap here. Cosco is not even tax exempt and will pay the same income tax rate as DPWorld and ATM Terminals. Again, the Peruvian constitution prohibits any kind of discrimination and embrace free competition. The good old fashioned capitalism, which in the USA has been replaced with crony capitalism and the Wall Street casino.
Chancay Port in Peru could provide a shipping route to the USA too. It would be an example of mutually assured prosperity (MAP) between Peru and the USA; as well as MAP with Asia.
When USA established military posts all over the world, it is not a threat to countries of the various regions? If USA has the power to do it, it is not a threat but when other countries do it is a threat? It looks to me selfish double standards. Besides this is a port, not a military base. Didn’t USA believe in individual rights of country to de for themselves?
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
PERU Chancay port is SIGNIFICANT port for PERU. Economic and Employment opportunities to its people are GREAT. Plus ..... Exclusivity Clause is Typical to all PORTS Finance by COSCO. In Indonesia, Iran, Malaysia, etc have similar Management Clause. Chine is USING 5G management Port technology which NONE / ZERO / NONE of these countries have. Imagine the PORT COMPLETELY run AUTOMATICALLY without ANY HUMANS on site. So 24 / 7 operations are possible which increase EFFECIENCIES by over 300 % as HUMANS are no longer involved. Operational COST are also significantly cheaper with less downtime, etc. MANY ASEAN NATIONS would LOVE to HAVE that TECHNOLOGY.
This is a US propaganda channel. No way any fair content would go out of it's way to malign and slander China like this. This is isn't even China, just a Chinese corporation that is in fact the premiere shipping line in the world. Videos like this is beyond vile.
Its BS, in reality there is no legal reason and U.S pressure and money forcing some officials to do something about it because the whole port is built by China and how the F can peru run a chinese built port which will only complicate it further by needing to educate peruvians on running it in their language then train them which will only need more money and time. U.S dont want Latin America to be independent and have another source of investment thats the only reason tbh
If the USA is so concerned, they should build the Corio port and compete with the Chinese. The problem is that the USA doesn’t know how to organize the investment part, and that’s why they are complaining now after letting time pass without doing anything.
@@manonegra666 For one, if the US wanted to, it would have already acted. It's important to understand where US interests truly lie. There's no reason for the US to compete in Peru, as its main focus in the region is on Guyana. "𝘜𝘚𝘈 𝘥𝘰𝘦𝘴𝘯’𝘵 𝘬𝘯𝘰𝘸 𝘩𝘰𝘸 𝘵𝘰 𝘰𝘳𝘨𝘢𝘯𝘪𝘻𝘦 𝘵𝘩𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘱𝘢𝘳𝘵" The US invests significantly in military bases around the world. So to suggest that the US doesn't know how to invest shows a lack of understanding."
@@nueat6 The thing is, the Chinese government can direct investments from its own companies, while the United States has to gather private capital to finance projects abroad. That’s why they can’t organize the investment part. Is it clearer now?
The US is busy in shipping mid range missile system to South Korea,Philippine to prepare the next war, China is focus on building port, highway around the world to make money. That is the difference.
China's grip on Peru? That is false. Volcan, the Peruvian mining company that owns the Chancay Port project, initially approached investors in the USA and Europe, but no one was willing to join. Then, Chinese investors appeared and agreed to the Peruvian terms for the investment, which are solely for commercial purposes. The Peruvian government will ensure that the contract is fulfilled.
The US is freaking out when China has built a port of container ships in South America. Imagine when China is building a Navy base on the coast of Cuba. 😅
The US is afraid of losing its centuries old influence and control in the region. If Peru slips from their greedy grasp, others may follow. As for Peru, it needs to be careful about falling into a debt trap with China.
@@gumpyoldbugger6944 There is no debt trap with this port because the peruvian state is not involved. It was built from scratch outside government infrastructures.
@@scanovas88 I didn't say there was, only that it is the one thing Peru needs to be aware of. Debt traps are easy for developing nations to fall into, whether they are set by China or the west with the IMF.
As if this is the only major infrastructure project that China has helped other friendly countries. Kenya , Serbia , Indonesia , Malaysia, Laos , Bangladesh…. etc. There are numerous infrastructure projects by the Chinese around the world. Build not destroy. Improve the economy not strangle. What Europe or US have done in the last 30 yrs except exploitation and humiliation of weak countries. China’s conduct is highly commendable.
It’s an incredible move by China and Peru. The USA was warned beforehand but couldn’t do anything because they failed to organize the investment part. They still have an opportunity in Corio, Peru, as there are deeper waters there than in Chancay, offering greater potential. Now, if they are really concerned, they could compete and invest, but Chancay already has a head start.
Company that funds the project gets exclusive rights, that's standard business practice. Most ports are operated under one exclusive company. This news is spreading misinformation 👎
The most interesting issue is that China built this mega huge port in few months that even the actual peruvian government couldnt finish the infraestructure surrounded like highways, bridges, water supplies, Chancay city main services, etc so this is a strong sign that China is not playing at all.
My one point of concern is, a port needs to be well connected to other areas so that goods can flow in and out of Chancay easily, from Peru and other countries in Latin America. Peru and China have to work together to achieve it.
The Peruvian government cannot remove exclusive use because this port is not a concession, that is to say, the entire project is private, not state-owned, therefore there cannot be any interference from the state. This has already been discussed and legislated.
US gets its panties in a twist over 1.mobile phone 2.railway line 3.tv camera 4.weather balloons 5.pigeon or some poor bird what else is new. Its a loser and Loser NEVER comes out with anything new. Did you see a new bridge ? new railway line, new bus service, new road from US???
Some time ago I read that NYT investigated and found USA took $20 billion of Iraqi oil revenues to build 3 schools and a few other buildings that weren't even for Iraqis to use. China built over 1000 schools for Iraq as part of an oil agreement. It's about whether you sincerely want to build something, or just want to steal while claiming you're doing something.
How many ports did US built in Latin america? 0. How many wars did US started in Latin America? 10+. you do the math, China is a better business partner, good progress, prosperity and development of Latin America. But be smart, play smart with China, you will do well, you could be the Singapore of Latin America.
That's a lie about the exclusive rights. That's common practice for all port operators in Peru. Cosco would never have put up the money if they did not get such industry common practice exclusive rights. Peru tried some last minute extortion but Cosco would have none of it. It is a bullshit excuse and has been resolved now to Cosco's favor.
This is the most NONSENSE explanation of the use of Chancay port I've heard. First of all this guy ignores that Peru has another megaport in use right now. El Callao is able to move near 4 million containers in it's 2 big piers zones one operated by DP World and the other by APM by Maersk. It's able to receive the biggest ships operating in the world right now. Chancay port is not a naval base or any stupid ideological invasion by China but a trading joint venture. Peru wants to develop industrial clusters for producing and trading to all the World such as some countries in Asia do. With the opening of the Bicentennial pier at El Callao the peruvian exports have climb 14% on what's going on this year. THAT'S WHAT WE NEED NOT ANY STUPID IDEOLOGICAL BATTLEFIELD IN OUR COUNTRY!
Most countries in South American have a long-standing friendship with China created out of mutual trust through relationship formed in past business. I believe that most countries in South America welcome and look forward to this new port.
It's at least the second biggest geopolitical mistake US commits since Cuban revolution: US had a chance to endorse Castro. The second is keeping South America as a backyard. Well, it's not. Chinese knew it and made their move. 🤷🏻♂️
LOL. So Peru gets a 3.5 billion dollar investment and a brand new major port with all the kinks worked out in 30 years. Where can I get a deal like that?
So Costco/China puts up the money to build the port...of course it should have exclusive operating rights for a set period of time. This video makes it sound like China's so sneaky, but its just common sense business practice to ensure your investment is worth while. Every investment requires a reasonable rate of return.
4:04 There was no 'critical detail' overlooked by the Peruvian Giovernment. I imagine this was carefully engineered to make it as difficult as possible for the U.S.A. to pressure the Peruvian Government or any opposition party into kicking China out. Now, when the U.S.A. comes complaining about China's port in Peru the Pervuvian Gov. can say "Sorry... there is nothing we can do because we're locked into the contract." These contract provisions are agreed to by the parties specifically to prevent the U.S.A from meddling in the contract and operations. Unless China breaces the contract provisions, Peru can't kick them out, the contract continues for the good of South Americans and China and the USA faces a much harder battle to do anything about it.
"graining control" - lol - you mean they spend billions to lease land and build ports on them - lol - if there is nothing there in the beginning then what is there to gain control over.
Ultimately, Peru and South America will benefit from Chancay. Port of Calleo is maxed out, and not deep water; and there is a small port at Paracas, too far away from Lima to be expanded to the size of Chancay! South Korea and Japanese vessels will be using this new port too; lots of Korean appliances is Peru stores. With Southern Peru’s water issues, more agriculture comes from the north now, so port location above Lima helps. China has always been buying ore from Peru and when copper prices were shy high, Peru’s economy was thriving; Peru was contemplating building an ore port south of Nazca on the Pacific, with a kilometers long conveyor to facilitate ore movement. China was investing I. A Peru-to-Brazil train rail line; don’t know how that’s going. But infrastructure investments almost always pay off in the long run. Comment on the USA bashing; there’s still plenty of cooperation with USA, ironically, chasing out illegal Chinese fishing fleets; and more Peruvians live in the USA than China. Peru’s Airforce flies Russian jets, so will be interesting to see where they source the next generation of military planes.
The United States is greatly concerned that ships arriving from Europe to the Pacific Ocean, or leaving directly from the coasts of America; do not have, anymore, before leaving for Asia, go to California, where they transfer the containers to larger ships, suitable for carrying large numbers of containers. At present, these enormous ships can only be received in California, due to the depth of the port. But, with the inauguration of the great port of Chancay, in Peru, which can accommodate enormous ships, it will no longer be necessary for ships to sail to California before leaving for the coasts of Asia. Ships will leave directly from Peru, which represents not only a great saving in time, but also in the cost of tolls in California.
One belt one road projects in the South America will benefit communication and export for most of the nearby emerging countries. For this reason, Chinese 🇨🇳 infrastructures are mostly welcome by the people in the region.
US has no one to blame but the politicians. US is also complaining about the heavy influence in Africa mining their resources while cutting out the locals
The US had a century to invest in South America, and they chose not to.
Exactly!!!!
They made a deal to pump Venezuelan oil, and give them 20 cents on the dollar. When Chavez demanded half he got a failed coup attempt and an economic embargo....and f_ckin' Juan Guaido!
The US did invest in war and regime change, and is still doing so, in South America (eg in Venezuela).
US always wanted its neighbors to be dirt poor so US can dictate to them what to do and borrow money from World Bank .....
They just invest in regime change and chaos
Why is us so afraid of a commercial port? China is not afraid of us military bases around china
Well said👍
US are unable to advance pass its fears while China builds on its strength.
Dongfeng Express, Guam Express.
countries that installed missiles or hosted the empire's mercenary will receive free gifts if conflict should breakout.
👏👏
As in 70,000 US troops in South Korea
Creating jobs is better than creating military bases
Recently an American television journalist was laughing / puzzled at how so many Chinese owned ports will not have the berth size to accomodate an aircraft carrier.
@ you couldn’t do anything right to satisfy a hater.
@@greggpon7466 Because the ports are meant for importing and exporting goods ,not for war.
bravo. this guy speaks of investing in ports as tantamount to starving brown babies in Palestine.
Don’t forget prostitution….. makeshift bars and so on
Peru's risky port ??
The only time anything is risky is when the declining US empire is involved.
Yep US have double standards they think they own the whole world.
China provided $3,5 billion to build ports .. is a bad thing.
The US spent $5 trillion on the wars in Afghanistan and Iraq ,, is a good thing ..
This place is great if you like watching the theatre of the absurd :)
WOOW you just hit the nail on the head
When you are investing $3.5 billion in a project, you naturally want exclusive control of its operation, especially in a region known for corruption, incompetence, instability, and uS interference. Name me one US company that has invested $3.5 billion or more in a project that does not have exclusive control over its operation. The Peruvian government, in the face of criticism, is pretending not to know that the Chinese would have exclusive control over operation.
@@katong1953 No matter what, the port stays in Peru not China.
@@katong1953 Correct, Peruvian authorities knew very well the details of the contract, they are just pretending weren't aware of the fine print, that's all
Peru can do what it wants. The US has no rights over anywhere else but the US.
Correct, Peru port and minerals is none of concerns to the USA,
@@TeddySy-rs2yv
Oh, They are *VERY* "concerned".
They just can't do too much about it without launching a full scale Global conflict which CANNOT be blamed on anyone else.
😊well in Washington defending all USA corporate oligarchs elites they know think this is right for latin America. USA love have them in poor structure invest and steal their naturals resources, "make America great again " which America? Just theirs. Ignoring the Latin American are Americans too😊
You have to understand this fact: USA thought they own the world
The same is true for Russia in Ukraine.
Everything China does , US is freaking out . In other words , China is doing the right thing .
Don’t worry Trump just won. He’ll stop trade with China. Good bye you chuang ching chuang.
America isn't freaking out.
Hahaha same for comment no originality?
Come to think of it, this will benefit the US, too.
@gvibration. I'm always amazed by people making bare declarations. These declarations are worthless.
China, unlike the USA, does not have a "grip" on Peru, rather a mutually beneficial relationship.It's called cooperation! The US should try it!
Foolish thought !
If you lived down here you would know better.
@@michaelwendell7771 Fake news
@@michaelwendell7771 white people so mad
Well stated. What worries peruvians, however, is that there is so much corruption in Peru that it's quite easy for China to do whatever they want there.
Yes
US build military bases , China doesn't worries
China build ports , US worries
😂
Expanding national sovereignty for more poor countries is popular and China is getting the credit
Just think all those electric cars, windmills and solar panels that will be imported now
Usa is a confused nation now,,,???...
@@DD-vf9ow Yeah sure troll. Just like the US did to Iraq, Afghanistan, Syria, Libya, etc. Much worse they don;t just destroyed the country and killed civilians but literally plundered and stole literally gold and oil from these poor country. Not to mention those countries outside middle east that I lost count already.
@@DD-vf9owperu no es un pais pobre, se perfila a ser una potencia en Sudamerica en 2040
China : Builds Ports
US : Bombs Ports
More like US destabilized the local gov , replaces it with a puppet gov , over charge the locals 5 times the price for a port. Take forever to build it then laugh at the locals for being poor.
@@julieta203 Recently an American television journalist was laughing / puzzled at how so many Chinese owned ports will not have the berth size to accomodate an aircraft carrier.
U.S. build bases, bars, brothels.
one help live better, the other end lives...
and the US destroys pipelines of it's allies.
Why the US did not invest in Peru developments in the past. Because they want Peru to be poor forever.
Peru is the most wealthy nation in Latin America, but I get your point
@@g.g.v5716 As someone with Peruvian heritage, and who has basically lived in Peru. I can assure you it is definitely not the most wealthy nation in Latin America.
it’s even a joke amongst other Latin American countries 😅. I do agree with @ykhan187 ‘s point though
@g.g.v5716 No it's not. I am from Peru. We are not the wealthiest not even close. Minimum montly salaries is $260 a month. And lots of things are more expensive than in the United States. Gas, anything with electronics, imported products unless they are from China. People here like China, because we have the largest Chinese descendants population, and everything is cheaper. Some toys, all video games, or music, I owned as a teenager were from China.
they did invest their time n energy alot in south america ....... In color revolutions , regime changes, forced privatisation of national assets for the benefits of their corporations , sanctions or seizures of nationaL assets.
@@davidgpz nobody earns the minimum in Peru, mainly the homeless which is 10% of the population.
I admire the ambition of China they keep investing further afield while the USA seems to be inward looking, I know what strategy will be more successful.
you expect us to believe that the Peruvian government overlooked the "exclusive clause..?" For a contract of that size an army of LAWYERS would have combed through every single line.
The Peruvian government has been influenced by the US to try and change the terms of the agreement after the work had been completed
its typical, everytime america staged a coup then tell the puppet government to sign on unfavourable contract those bots say "they signed up for it!!", but when countries and companies willingly sign on contract those bots always say "its hidden clause!"
Trying to make Peruvians look stupid and dumb. Like they need the US to take care of them. What a crock.
This is the problem with democracies and opportunistic politicians.
Nobody will give control to a minority investor. And how could Peru lose from COSCO managing the port? Isn't letting a internationally experienced management control the port better for Peru?
@olderchin1558 Peru have plenty of places to build a port with a natural deep waters.cosco and volcan build from scratch. Nothing we can do about it coz is a private interprice.the government just make a license. Wich for law must do.
We have 800 military bases all over the world. But we are very concerned about china building port in Peru.
US is the bad boy in this Earth, they create the war every where in the world , should teach them a lesson.
And have never won a war😂😂😂
@@firefox00-7 They don't want to win a war, they want to make the war last to sell more weapons.....
@@firefox00-7 you mean the "we" is the uSnakes of Amurika which have the 800 military bases all over the world
Every country should ask themselves ,what have the US done to help or contribute anything to boost the South America economy overthacade...
China’s influence: Infrastructures, building up economies for other countries, bringing technologies to other countries, medical facilities for other countries, teaching new farming methods to other countries, teaching other countries new medical procedures and giving them new medicines to treat illnesses, improving education systems for other countries, building airports and seaports to allow other countries to more easily trade with one another, allowing other countries to sell what they have to China to improve their economy, helping countries to maximize their profits in what they sell, and saves lives by helping countries in times of natural disasters and wars.
US’s influence: Bombing, invasions, overthrowing governments, stealing natural resources, assassinations, bullying, interfering with other countries’ governments, claiming other countries’ internal business is a threat to the US’s National security so that the US could invade them and destroy them, set up death squads to kill other countries’ leaders that the US doesn’t like, set up puppet leaders who would follow every order given by the US to rule over other countries’ governments, installs fake non-government organizations such as the National Endowment for Democracy to destroy countries from within, puts countries into debt traps, and spreading lies and hate against China because China wants to help other countries to develop and become rich and powerful so that the US won’t be able to keep them down and powerless so that the US won’t be able to invade them and won’t be able to take advantage of them any time it wants!
*Now, tell me what is wrong with China’s influence and why should the US’s influence take precedence over China’s influence?
"Exactly".
You have said it all !
You are right.Thanks for you comment. ❤
You're absolutely right the whole thing is grow with China as allied or stay undeveloped with the U.S.🤦🤷♂️🤔
The US right now has many domestic enemies and the problems they bring are now what keeps the U.S out of world affairs more than before.
The U.S does not build infrastructure abroad not ever since the marshal plan, the reconstruction of Japan and then later South Korea. The U.S sells weapons to its “allies” and maintains influence through its embassies, CIA field operatives, military bases,etc in Latin America.
The problem for the last 5-6 decades has been taking down leftist and communist sentiment in the region, the U.S’s priority was to keep democracies running and well not all countries have been success stories. With communism-socialist sentiment not going anywhere, Washington has learned to juggle with the uncertainty of victory from the right wing parties in Latin America, and closely watching when the paradigm turns to the left. China however comes to the region as a superpower strengthening its influence without overtaking leaders or leaving a bitter taste to the native populations who many are anti-west. They may exhibit what you may consider predatory lending practices, but at the end of the day they bring the expertise, management that countries in the region lack.
Sir stop trying to present this as China against Peru, before Costco there was nothing, and now the economic potential has a chance to benefit the people, we know the United States is most bothered by this
This channel IS a US Propaganda tool like many other Channels on YT, they have to portray China and its trading strategy a certain way, the mind and opinion of the viewer has to be shaped as well, in the past they would have simply overthew the democraticaly ellected peruvian gov before get a grippe
They are gonna import cheap stuff which is gonna compete against our own industry.
Yeah full blown Bullshit propaganda...as soon as you hear an english or australian accent....beware.
@@justhodl6562 what industry?
we're Costco guys...
The US sounds like a real bully. Build and operate infrastructure projects are a proven method of building successful infrastructure. The builders have a stake in the projects success. Surely Peru is free to pursue trade with China and if China is competing with the US for Peruvian and South American exports, South American exporters will benefit. South Americans will also have cheaper access to Chinese products. Trade regulatory bodies still will be the guardrails against unfair practices. The US can always build their own ports- they certainly had many decades to do so.
When Chinese came to Africa, they talked about trade.
When US people came to Africa, they talked about China.
The world does not belong to US. What gives them the right?
Yeah this video doesn’t make sense at all, it’s a win win for china and Peru
Right to point, spot on... 😅😅😅 Unfair practice,😂😂😂😂😂 USA and Japanese has been in South America politics and weapons selling and had a hand in all political situations... That's why you all in undeveloped... And you all still talking about unfair contract? 😅😅😅 Get everything developed infrastructure, Education, laws, defence and GDP, then everyone can fight unfair contracts! Understand? 😊
@@manonegra666 and for Brazil! There is a chinese brazilian project to built a railway from a port in Brazil to Peru port! I hope they will suceed and that China will do more infrastructure projects in Brazil!
This project is good for both Peru and China. Well done ❤
good for Peru fundamentally, and good for all other trading partner countries including China.
Until it is time to pay back China. China is not building them ports for free.
Port -> risk
No port -> no risk
poor as hell -> 100% democracy and freedom
The Chinese had already planned in the 1990s to work with any one interested country in the East-Northern region of Latin America - to invest, build & operate a long-term seaport to facilitate high trade volume of goods shipments to & fro between China & Latin America! And now it has happened & 2-way shipments are happening! 👏👏👏
Fantastic
@@ijatpingrhyb Theproblem on earthISUSAnot the rest of the World
@@numap4701 yes that's correct. Fantastic to see BRI and BRICS working
"Peru officials somehow overlooked critical details on the contract...". LOL. You can't be serious. Such a contract would be read and summarized a million times. If anything, it's a smokescreen excuse. Peru knows exactly what it's doing. Afterall, China is the biggest investor, importer and exporter in Peru. It operates so many ports around the world, and operate them so well. It's only natural to let the Chinese run this mega port they help build.
The US the US the US...sick n tired of hearing that name!!
Much better to hear The US, The US, the US rather than America, America, America !!!
They are so arrogant that ignore the fact that South American and Central American, Mexican and Canadian peoples are also Americans.
Some say that the 'US' sounds like 'you ass'. That's why the US is inundated with asses, brainless and confused ones. Only a few good guys are left.
@@pelaubenson1230 most of Trump’s speech contain at least a word “China”.
The US is spending $3.5 BN in Ukraine each MONTH on a war!
And China profits that much from trading with Russia.
And the U.S. is spending $2 billion everyday, I repeat everyday, in interest payment to finance its National Debt!
@@gvibration1Because Russia is sanctioned by US and EU that's why China is benefiting
Most of that money says in the US and pays for US made war materials........nothing Americans like better then some war to profit from.
@@KayyHong The majority of that debt is held by Americans. If you have a 401K or insurance or even a bank account, you have invested directly or indirectly in the US debt. Individual States, Citys and Government institutions also invest heavily in that debt, as most it comes in the of US Savings Bonds and other Government issued finacial instruments and securities.
Im peruvian, no tension at all... they pay for it, they got exclusive rights! USA now have the chance of doing the same at the new Corio harbor ... I strongly suggest you guys do it!
Pe causa
US is out of cash, uses it only for senseless wars, nourishing the rich and politics! Their own infrastructure is crumbling!
@@desertigloo2383 po wiong 🐕🇨🇱
Peru Govt. doesn't do what China want's, then what?
@@polycarpflavius6945 They will send us covid 2.0
or eat our cats
Before China built the Chancay port in Peru, why didn't the United States build a port in Peru? In South America, the United States considers its area of influence, in the western Pacific especially Asia and the southeast it considers its area of influence, in the Middle East the United States considers its area of influence. What continent is the United States actually located on, is it North America or an Asian country? All regions in the world are considered areas of influence, other countries are considered just insignificant passengers.
This project represents a significant opportunity for Peru and consolidates China as its primary business partner. Great years are coming for Peruvians, but leveraging this properly will depend on having good governance with less corruption.
You mispronounced "US bribed Peruvian Government Officials" when you mistakenly said "concerned Peruvian Government Officials".
I'm glad I caught that for you.
China (and Russia) bring tangible improvements in the quality of life of people where they invest. That's Diplomacy.
The United States Foreign Policy consists of coercion, threats, regime change, destruction and death. That's not Diplomacy.
That's why I like some countries governments that think about their people instead of thinking about the government self. Now everybody in South America will get their fair share of cheaper products. There is nothing American government can do about that.
Yes, Chinese call it a "Win Win" - But not the USA slogan "Winners take all"
Here in Brazil we are very pleased with this port, a huge opportunity
Cambada de tontos ou inocentes. Vocês acham mesmo que a China tem interesse em desenvolver a economia da América do Sul??? O único objectivo da China é exportar ainda mais facilmente e barato para a LATAM e impedir que se industrialize. A China quer ser a fábrica do mundo e impedir que países, como o México, que se estão a posicionando como concorrentes industriais à China cresçam. A China quer importar matéria prima barata e exportar bens industriais.
All America does is to complain when the livelihood of its neighbors are being improved.
Why hasn't America done something positive to its neighbors in more than 200 years?
Isn't this rather funny, in the 80s, US was on the top of the world in supply change but since then she found the stock exchange and operating the printing press more interesting. Whereas China simply plans to expand her industries especially with regard to logistics supply change thus invest heavily in rail, ports and shipping, air transport including improving those related technologies. Couldn't the US compete in the same vain? Or you have really find it too difficult to compete? Yes, we humans always try to find the easier way to have care free life!
America does not control the printing of its money, they gave that away to world bankers.... research it, it is true. Those bankers print US money, take possession of the money and loans it to the US. Who Does Everyone Think the US Owes $36 Trillion too? bankers that steal Americans own money then loans it back and yes, that is true and the people are that stupid. and no, trump is not fixing that.
Not supply change, but supply chain.
China can finance, build and operate a port or any other structure in any other country. However, if the situation isn’t beneficial for the host country then it's easy to nationalize the structure and it can hardly be transported back to China. It's an incredibly risky investment for China but if it's beneficial for both countries then its a huge win win situation.
This video have other intentions 🤔
FYI, this port is not for minerals, the main use is for goods and agriculture.
This is correct, the port of Corio (if it build), will be for minerals.
Peru no longer needs to get goods to Mexico or Long Beach in California to get to China, when they now have their own port? Was the US interested in investing $3.5billion in Peruvian ports before this? Now that China has, the US should be wondering why they did so little for real development in Peru for industry and agriculture and trade.
It is always good to have more buyers for goods from South America. Prices will become better and more competitive. I hope the US is not thinking South American resources all belong to them.
Of course they do. They think they own the world.
IF the US citizens don't like illegal immigrants, they should allow South American countries' economies to succeed and level up.
Peru should be thankful to China for this large and costly port, one of a kind in South America.
Your information is wrong. What Peru has done is give Cosco (China) the same conditions and exclusivity that Dubai Ports (UAE) or ATM Terminals (Holland) have in Callao because, obviously, those who invest in the ports are the ones who manage it. What happened is that unlike Callao where the operator invests in state infrastructure, Chancay was built from scratch and is not technically what we call a concession. There was then a legal loophole that was resolved by giving investments in new ports the same conditions as concessions.
Btw, the possibility that the port of Chancay only receives or gives some type of preference to Chinese ships is totally prohibited by the Peruvian Constitution. ATM Terminals cannot give preferences to MAERSK vessels either.This type of treatment is considered discriminatory and harmful to free competition.
But what USA is done expect growing debt
@@franciscodasilva5724 Public debt is impossible when the investment is private. There is no debt trap here. Cosco is not even tax exempt and will pay the same income tax rate as DPWorld and ATM Terminals. Again, the Peruvian constitution prohibits any kind of discrimination and embrace free competition. The good old fashioned capitalism, which in the USA has been replaced with crony capitalism and the Wall Street casino.
A win/win project for many nations in the South American neighborhood
This port should have been built long ago
As a peruvian we and our gonerment are very happy with the port because it will make my country an important hub for trade in south America.🎉
Chancay Port in Peru could provide a shipping route to the USA too. It would be an example of mutually assured prosperity (MAP) between Peru and the USA; as well as MAP with Asia.
*I don't understand why the US is freaking out about this port*
when China has several HUNDRED other ports in South & Central America??
The depth of the port will allow it to receive even the largest ships in existence, and its geographical location is crucial.
Having a trading port is better than having a US military base
Both are a debt trap. use brain more
yeah, at least the port can't overthrow your government or support a "color revolution" lol
U.S, and other countries were offered to invest in the port of Chancay. All of them refused except China.
When USA established military posts all over the world, it is not a threat to countries of the various regions? If USA has the power to do it, it is not a threat but when other countries do it is a threat? It looks to me selfish double standards. Besides this is a port, not a military base. Didn’t USA believe in individual rights of country to de for themselves?
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PERU Chancay port is SIGNIFICANT port for PERU. Economic and Employment opportunities to its people are GREAT. Plus ..... Exclusivity Clause is Typical to all PORTS Finance by COSCO. In Indonesia, Iran, Malaysia, etc have similar Management Clause. Chine is USING 5G management Port technology which NONE / ZERO / NONE of these countries have. Imagine the PORT COMPLETELY run AUTOMATICALLY without ANY HUMANS on site. So 24 / 7 operations are possible which increase EFFECIENCIES by over 300 % as HUMANS are no longer involved. Operational COST are also significantly cheaper with less downtime, etc. MANY ASEAN NATIONS would LOVE to HAVE that TECHNOLOGY.
This is a US propaganda channel. No way any fair content would go out of it's way to malign and slander China like this. This is isn't even China, just a Chinese corporation that is in fact the premiere shipping line in the world. Videos like this is beyond vile.
This port will bring freedom and prosperity to Peru and South America for years to come. I cheer this.
US is freaking out about anything related to China. The country has become so paranoia that it needs to see a shrink! 😅
Its BS, in reality there is no legal reason and U.S pressure and money forcing some officials to do something about it because the whole port is built by China and how the F can peru run a chinese built port which will only complicate it further by needing to educate peruvians on running it in their language then train them which will only need more money and time. U.S dont want Latin America to be independent and have another source of investment thats the only reason tbh
If the USA is so concerned, they should build the Corio port and compete with the Chinese. The problem is that the USA doesn’t know how to organize the investment part, and that’s why they are complaining now after letting time pass without doing anything.
@@manonegra666 They can't even automate their own ports.
Los chinos ya van enpesar a construir el megapuerto San Juan Marcona calado 30 en el Sur de Perú para sacar carga de Brasil y bolivia
@@manonegra666 For one, if the US wanted to, it would have already acted. It's important to understand where US interests truly lie. There's no reason for the US to compete in Peru, as its main focus in the region is on Guyana.
"𝘜𝘚𝘈 𝘥𝘰𝘦𝘴𝘯’𝘵 𝘬𝘯𝘰𝘸 𝘩𝘰𝘸 𝘵𝘰 𝘰𝘳𝘨𝘢𝘯𝘪𝘻𝘦 𝘵𝘩𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘱𝘢𝘳𝘵"
The US invests significantly in military bases around the world. So to suggest that the US doesn't know how to invest shows a lack of understanding."
@@nueat6
The thing is, the Chinese government can direct investments from its own companies, while the United States has to gather private capital to finance projects abroad. That’s why they can’t organize the investment part. Is it clearer now?
China invests. USA...you fell asleep
more like don't care. 🤣🤣
It's a win-win partnership. Where and when China lands, everyone benefits. China knew that when your partner is prosperous, China gains too❤
The US is busy in shipping mid range missile system to South Korea,Philippine to prepare the next war, China is focus on building port, highway around the world to make money. That is the difference.
China's grip on Peru? That is false. Volcan, the Peruvian mining company that owns the Chancay Port project, initially approached investors in the USA and Europe, but no one was willing to join. Then, Chinese investors appeared and agreed to the Peruvian terms for the investment, which are solely for commercial purposes. The Peruvian government will ensure that the contract is fulfilled.
I don't understand why Volcan owned the port when they have only 40% and 60% for China and China has total control of the port.
Don’t always think about how to sabotage others’ successes. Try to do nice things to others as well
The US is freaking out when China has built a port of container ships in South America.
Imagine when China is building a Navy base on the coast of Cuba. 😅
😂
What has Peru to lose from this deal and What is troubling the US by this deal? I see NADA.
The US is afraid of losing its centuries old influence and control in the region. If Peru slips from their greedy grasp, others may follow. As for Peru, it needs to be careful about falling into a debt trap with China.
@@gumpyoldbugger6944 There is no debt trap with this port because the peruvian state is not involved. It was built from scratch outside government infrastructures.
@@scanovas88 I didn't say there was, only that it is the one thing Peru needs to be aware of.
Debt traps are easy for developing nations to fall into, whether they are set by China or the west with the IMF.
I rather have Chinese ports than US military bases.
And USA has a lot of influence in Asia (military bas, etc)! US has the right to stablish where they wants and others countries can't?!
❤Peru has a RIGHT to an INDEPENDENT foreign policy and development. Go Peru.
Ports are for every country to use them, not only limited to trade with China.
10 ASEAN countries can trade with entire South American countries.
As if this is the only major infrastructure project that China has helped other friendly countries. Kenya , Serbia , Indonesia , Malaysia, Laos , Bangladesh…. etc. There are numerous infrastructure projects by the Chinese around the world. Build not destroy. Improve the economy not strangle. What Europe or US have done in the last 30 yrs except exploitation and humiliation of weak countries. China’s conduct is highly commendable.
"What Europe or US have done in the last 250-500 years"
Corrected that for you.
@ Hhh I was trying to be polite. Thank you.
It’s an incredible move by China and Peru. The USA was warned beforehand but couldn’t do anything because they failed to organize the investment part. They still have an opportunity in Corio, Peru, as there are deeper waters there than in Chancay, offering greater potential. Now, if they are really concerned, they could compete and invest, but Chancay already has a head start.
The port building in Peru cannot escape to China.
PERU GOV SHOULD BE SINCERE IN THEIR DEALINGS.
IF YOU WANT TO HAVE A US MILITARY BASE INSTEAD..OF CHINA HELPING YOUR ECONOMY.
There are no problems with the deals, both countries will win with this, USA just don’t like the idea of
Bravo Peru for the new port and congratulations to its leadership for having vision.
En Perú vemos con mucha expectativa el proyecto, una imagen muy diferente de la que quieres expresar.
Company that funds the project gets exclusive rights, that's standard business practice. Most ports are operated under one exclusive company. This news is spreading misinformation 👎
Why did not usa build the port themself. I tell you Why, they could not. They just build military bases.
either way the port and a military base still generate revenue for the country. what are you crying about
I think the peru new about this ,but usa is telling peru that they did not know about it just to start problems between peru and china.
Too late for USA
US doesn’t invest in developing countries but when countries like China start investing US gets upset.This is vey poor behaviour by US.
The most interesting issue is that China built this mega huge port in few months that even the actual peruvian government couldnt finish the infraestructure surrounded like highways, bridges, water supplies, Chancay city main services, etc so this is a strong sign that China is not playing at all.
My one point of concern is, a port needs to be well connected to other areas so that goods can flow in and out of Chancay easily, from Peru and other countries in Latin America. Peru and China have to work together to achieve it.
Pariah company like AMAZON has exclusive management of AMAZON AIR HUBS.
They build it, they owned it, and they run it.
anyone with "concerns" ???
The Peruvian government cannot remove exclusive use because this port is not a concession, that is to say, the entire project is private, not state-owned, therefore there cannot be any interference from the state. This has already been discussed and legislated.
和平与发展，以及全世界人民的幸福，这是正确的事情。她柔弱又坚韧。
US gets its panties in a twist over
1.mobile phone
2.railway line
3.tv camera
4.weather balloons
5.pigeon or some poor bird
what else is new.
Its a loser
and Loser NEVER comes out with anything new.
Did you see a new bridge ? new railway line, new bus service, new road
from US???
I wouldn't say anything new. China just imitates everyone especially the US.
Some time ago I read that NYT investigated and found USA took $20 billion of Iraqi oil revenues to build 3 schools and a few other buildings that weren't even for Iraqis to use.
China built over 1000 schools for Iraq as part of an oil agreement.
It's about whether you sincerely want to build something, or just want to steal while claiming you're doing something.
How many ports did US built in Latin america? 0. How many wars did US started in Latin America? 10+. you do the math, China is a better business partner, good progress, prosperity and development of Latin America. But be smart, play smart with China, you will do well, you could be the Singapore of Latin America.
That's a lie about the exclusive rights. That's common practice for all port operators in Peru. Cosco would never have put up the money if they did not get such industry common practice exclusive rights. Peru tried some last minute extortion but Cosco would have none of it. It is a bullshit excuse and has been resolved now to Cosco's favor.
THIS MAKES NO SENSE, THE PERUVIAN TOP LAWYERS SUPPOSED TO DO THEIR JOBS AND KNOW WHAT IS WRITTEN IN A CONTRACT.
You got it! This video is disinforming
Thisbisba win-win project between Peru and China. Peruvians will benefit very greatly and their lifes will improve.
This is the most NONSENSE explanation of the use of Chancay port I've heard. First of all this guy ignores that Peru has another megaport in use right now. El Callao is able to move near 4 million containers in it's 2 big piers zones one operated by DP World and the other by APM by Maersk. It's able to receive the biggest ships operating in the world right now.
Chancay port is not a naval base or any stupid ideological invasion by China but a trading joint venture. Peru wants to develop industrial clusters for producing and trading to all the World such as some countries in Asia do. With the opening of the Bicentennial pier at El Callao the peruvian exports have climb 14% on what's going on this year. THAT'S WHAT WE NEED NOT ANY STUPID IDEOLOGICAL BATTLEFIELD IN OUR COUNTRY!
Most countries in South American have a long-standing friendship with China created out of mutual trust through relationship formed in past business. I believe that most countries in South America welcome and look forward to this new port.
Such a biased and dow-informed narrative. In Peru, it was not a surprise it was a Private-Owned port
It's at least the second biggest geopolitical mistake US commits since Cuban revolution: US had a chance to endorse Castro. The second is keeping South America as a backyard. Well, it's not. Chinese knew it and made their move. 🤷🏻♂️
LOL. So Peru gets a 3.5 billion dollar investment and a brand new major port with all the kinks worked out in 30 years. Where can I get a deal like that?
So Costco/China puts up the money to build the port...of course it should have exclusive operating rights for a set period of time. This video makes it sound like China's so sneaky, but its just common sense business practice to ensure your investment is worth while. Every investment requires a reasonable rate of return.
China Trading Port vs USA Military Base
somehow overlooked? My goodness, as if the Peruvian government is that stupid or ignorant
4:04 There was no 'critical detail' overlooked by the Peruvian Giovernment. I imagine this was carefully engineered to make it as difficult as possible for the U.S.A. to pressure the Peruvian Government or any opposition party into kicking China out. Now, when the U.S.A. comes complaining about China's port in Peru the Pervuvian Gov. can say "Sorry... there is nothing we can do because we're locked into the contract." These contract provisions are agreed to by the parties specifically to prevent the U.S.A from meddling in the contract and operations. Unless China breaces the contract provisions, Peru can't kick them out, the contract continues for the good of South Americans and China and the USA faces a much harder battle to do anything about it.
China 🇨🇳 builds commercial ports.
USA 🇺🇸 builds army bases.
😅🤣😂!
US regime freak out because it is losing a colony.
US can just fund a second port right beside Chancay if they are so worried about "balance" of power. Let market forces decide then? savvy?
Is China wasting their money building facilities in other countries? Even Western countries are not that silly to take that risk.
"graining control" - lol - you mean they spend billions to lease land and build ports on them - lol - if there is nothing there in the beginning then what is there to gain control over.
Ultimately, Peru and South America will benefit from Chancay. Port of Calleo is maxed out, and not deep water; and there is a small port at Paracas, too far away from Lima to be expanded to the size of Chancay!
South Korea and Japanese vessels will be using this new port too; lots of Korean appliances is Peru stores. With Southern Peru’s water issues, more agriculture comes from the north now, so port location above Lima helps.
China has always been buying ore from Peru and when copper prices were shy high, Peru’s economy was thriving; Peru was contemplating building an ore port south of Nazca on the Pacific, with a kilometers long conveyor to facilitate ore movement.
China was investing I. A Peru-to-Brazil train rail line; don’t know how that’s going. But infrastructure investments almost always pay off in the long run.
Comment on the USA bashing; there’s still plenty of cooperation with USA, ironically, chasing out illegal Chinese fishing fleets; and more Peruvians live in the USA than China. Peru’s Airforce flies Russian jets, so will be interesting to see where they source the next generation of military planes.
The United States is greatly concerned that ships arriving from Europe to the Pacific Ocean, or leaving directly from the coasts of America; do not have, anymore, before leaving for Asia, go to California, where they transfer the containers to larger ships, suitable for carrying large numbers of containers. At present, these enormous ships can only be received in California, due to the depth of the port. But, with the inauguration of the great port of Chancay, in Peru, which can accommodate enormous ships, it will no longer be necessary for ships to sail to California before leaving for the coasts of Asia. Ships will leave directly from Peru, which represents not only a great saving in time, but also in the cost of tolls in California.
One belt one road projects in the South America will benefit communication and export for most of the nearby emerging countries. For this reason, Chinese 🇨🇳 infrastructures are mostly welcome by the people in the region.
The port makes a good strategic trading port between Asia and South America.
Los peruanos somos aliados de china a llorar los yanquis saludos desde Perú viva Perú y china y Rusia
US has no one to blame but the politicians. US is also complaining about the heavy influence in Africa mining their resources while cutting out the locals