Chinese President Xi Jinping inaugurated the Chancay megaport in Peru on November 14, 2024, marking it as South America's first Chinese-funded port. This $1.3 billion investment aims to generate $4.5 billion in annual revenues and create over 8,000 jobs w...

The German cabinet agreed on a compromise in the dispute over Chinese shipping giant Cosco buying a stake in a Hamburg port terminal. The compromise allows Cosco to take a stake "below 25 percent" instead of the the initially planned 35%. The initial deal...

New facility unites the economic and demographic giants of Asia and Africa