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

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

Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration.

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.

Chinese President Xi Jinping is set to inaugurate a mega port on the Peruvian coast, a project expected to speed up trade between South America and Asia-Pacific.