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On the edge of Peru's coastal desert, a remote fishing town where a third of all residents have no running water is being transformed into a huge deep-water port to cash in on the inexorable rise of Chinese interest in resource-rich South America. The megaport of Chancay, a $1.3 billion project majority-owned by the Chinese shipping giant Cosco, is turning this outpost of bobbing fishing boats into an important node of the global economy. China's President Xi Jinping inaugurates the port Thursday during the Asia-Pacific Economic Cooperation forum in Peru. The development — expected to encompass 15 quays and a...

CHANCAY, Peru—In this serene town on South America’s Pacific coast, China is building a megaport that could challenge U.S. influence in a resource-rich region that Washington has long considered its backyard.... ...The U.S. worries that China’s control over what could become South America’s first true global commercial hub will allow Beijing to further strengthen its grip over the region’s resources, deepen its influence among America’s closest neighbors and eventually plant its military nearby.... Peru’s Foreign Minister Javier González-Olaechea said...“The United States is present almost everywhere in the world with a lot of initiatives, but not so much in Latin America,”...

Japanese researchers discover remains of what appears to be 4,800-year-old temple in Peru 06/20/2006 The Asahi Shimbun CHANCAY, Peru--Japanese researchers said they have discovered--with the unintended help of looters--what appears to be a temple ruins at least 4,800 years old that could be one of the oldest in the Americas. The temple is believed to have been built before or around 2600 BC when Peru's oldest known city, Caral, was created, the researchers said. The ruins were found in the ruins of Shicras located in the Chancay Valley about 100 kilometers north of Lima. The team started full-scale excavation work...