All eyes on China at APEC event
China DailyBy Jimena Esteban in Buenos Aires, Argentina | China Daily | Updated: 2024-11-14 06:56 View of the Chancay port in Chancay, 78 kilometers north of the Peruvian capital Lima, on Oct 29. "Peru lacks sufficient roads, railways and ports, and these are precisely the sectors where Chinese investment has increased in recent years," Aquino told China Daily. Aquino added that China's investment in the country increased initially in mining, and later, its influence grew in Peru's hydroelectric plants, road construction and other infrastructure. "Beyond the thematic focuses related to trade, investment, digitalization and inclusive sustainable growth, Peru uses these spaces for cooperation, technology transfer, benchmarking, and learning from other experiences, such as special economic zones," said Mathews. "China has a significant impact because it is the largest trading partner of almost all the APEC economies, especially Peru and Chile, and it is also a major investor," Aquino said.