China holds Two Sessions, its biggest political event of the year

China kicks off the “Two Sessions”, the country’s most important annual political event. The Peruvian congressman, Edgar Tello, raised the need to focus on technological development and cooperation in education.

Peruvian exports to China quadrupled from 2010 to 2023

Peruvian exports to China quadrupled between 2010 and 2023, 14 years after the signing of the Free Trade Agreement (FTA) between the two countries.

China and Peru are set to inaugurate the mega port of Chancay

The President of China confirmed his attendance at the inauguration of the Chancay Port Terminal in Peru, which is crucial for the Chancay-Shanghai route

China increases control of Peruvian Energy Supply and state influence

The growing control that China is exerting over Peru’s critical infrastructure has become a matter of increasing concern.

Perú and China strengthen their relationship as strategic partners in various bilateral aspects

Various aspects related to commercial cooperation between Peru and China were highlighted during an event at the Peruvian Congress. The meeting, led by congresswoman Silvia Monteza Facho and with the participation of Chinese Ambassador Song Yang, emphasized the longstanding cultural and economic exchange between the two countries.

Chinese brands lead the Peruvian automotive market with a 20.1% market share: Changan stands out as the leader.

Chinese brands are making significant strides in the Peruvian automotive market, capturing a 20.1% share of light vehicle sales between January and May 2023. Leading the pack is Changan, which has emerged as the standout player, selling 3,957 units during this period and commanding a 5.4% market share. Notably, Changan has witnessed an impressive growth of +64.5% compared to the previous year.Chinese brands are making significant strides in the Peruvian automotive market, capturing a 20.1% share of light vehicle sales between January and May 2023. Leading the pack is Changan, which has emerged as the standout player, selling 3,957 units during this period and commanding a 5.4% market share. Notably, Changan has witnessed an impressive growth of +64.5% compared to the previous year.

Peru to expand its presence in the Chinese agricultural market

The Minister of Agricultural Development and Irrigation, Nelly Paredes del Catillo, held a meeting with her Chinese counterpart, Tan Renjian, the Minister of Agriculture and Rural Affairs of the People’s Republic of China. During the meeting, they discussed matters of mutual interest and emphasized the need to strengthen the trade ties between the two countries.

Peru is awarded for its tourism promotion actions in China

Peru’s efforts to promote tourism in China were recognized at the Chinese Tourist Welcome (CTW) awards ceremony held in Guangzhou. The country received the gold award in the “Internet-Media” category for its successful initiatives to attract Chinese tourists with high purchasing power, particularly through digital platforms.

Chancay: The Chinese port that could change Peru’s economic outlook and challenge Chile

The construction of Chancay, China’s first port in Latin America, in Peru by the state-owned shipping company Cosco Shipping is a significant development designed to establish a major logistics hub in the region. With a substantial investment of over US$3 billion, the port is expected to be operational by the second half of 2024 and is anticipated to have a profound impact on the Peruvian economy.

Chinese company Sinohydro under scrutiny for bribe payments in Latin American projects

The Chinese company Sinohydro is currently under investigation for alleged corruption in Ecuador, specifically related to the Coca Codo Sinclair project. It has been discovered that the company made bribe payments totaling US$76 million, which were subsequently deposited in accounts in Panama and distributed among various individuals, Ecuadorian companies, and foreign companies in tax havens.

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