China widens South America trade highway with Silk Road mega port

By Marco Aquino and Adam Jourdan – Reuters

There is a new Chinese mega port rising on the Pacific coast, promising to turbo charge South America’s trade ties with China.

The $3.5 billion deep water port, set to start operations late this year, will provide China with a direct gateway to the resource-rich region. Over the last ten years, Beijing has unseated the United States as the largest trade partner for South America, devouring its soy, corn and copper.