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Peru grants China's state-owned Cosco Shipping the exclusive right to operate its Chanchay port while pressure is built to construct a highway across the Amazon rainforest

Peru and Cosco Shipping, a Chinese state-owned construction company, have settled a dispute over the business model to be put in place for the Port of Chancay, built under China’s “Belt and Road Initiative”. The company is granted the exclusive right to operate the port after it is inaugurated in a few months....

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