China expands influence in South America as trade with Peru surpasses US

China's influence in South America, especially in Peru, is increasing due to its demand for natural resources and infrastructure investments. The Chancay megaport, built by China, is set to enhance trade routes to Asia, challenging U.S. dominance in the region. Peru, the second-largest copper exporter, is hosting APEC leaders, including China's President Xi Jinping. China's trade with Peru surpassed that of the U.S. last year, marking a significant shift from a decade ago when the U.S. was the leading trade partner. The new port aims to reduce shipping times to Asia, benefiting Brazilian soy producers. While officials acknowledge both China and the U.S. as key partners, many see China as more committed to investment in Latin America.