"'From Chancay to Shanghai' has become a popular phrase, heralding the broad future of mutually beneficial cooperation between the two countries," President Xi Jinping said when meeting with Peruvian President Dina Boluarte Zegarra in Beijing in June. In Spanish, Chancay and Shanghai sound similar.?

As a flagship Belt and Road cooperation project, the Chancay Port, located about 78 km north of Peru's capital Lima, is set to be inaugurated soon. Once in operation, it will become a major maritime gateway and a crucial hub in the South Pacific, shortening the sea freight time from South America to Asia by half, from around 45 days to 23.