Chinese Port in Peru Faces Surprise Challenge to Business Model.

China's $1.3 billion port in Peru, set to open in November, is facing a challenge to its business model. Peru's port authority has stated that the port was mistakenly granted exclusivity over services, and now the regulator is saying that other companies should be allowed to offer services such as loading and unloading shipping containers. This development could alter the port's business plan and has sparked tensions between the US and China over trade in South America. The Peruvian government is working to change regulations to resolve the issue, but China's Cosco Shipping has criticized the move, stating that it undermines the investment climate in the country. [Extracted from the article]

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