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Chinese-backed port project in Peru to be the 'gateway from South America to Asia,' official says (apnews.com)

Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate trade between the regions....

Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources (www.reuters.com)

LONDON, Aug 23 (Reuters) - Argentina plans to tap a $7.5 billion disbursement from the International Monetary Fund to repay China part of the money it borrowed through a currency swap line, two sources with direct knowledge of the matter said on Wednesday....

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