this post was submitted on 18 Jan 2024

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China widens South America trade highway with Silk Road mega port (www.reuters.com)

submitted 9 months ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] nekandro@lemmy.ml 8 points 9 months ago

Because whereas Western lenders would want Peru to take on austerity measures in exchange for high-interest debt to fund this project, COSCO decided to just do it themselves.