PERU FALLS TO CHINA?!?!

SOME CHINESE ALGEBRA
2019 — $225M: COSCO acquires 60% of Terminales Portuarios Chancay (equity stake).
University of Navarra
2024 — ~$1,705M total: ~$1.3B for the initial/phase investment tied to Chancay’s build-out (within a project envelope widely reported at $3–3.5B), plus $405M for a new Jinzhao bulk port concession in Ica (for Pampa de Pongo).

GENERIC AI
A wave of violent crime committed by Venezuelan gangs, most notably the transnational criminal organization Tren de Aragua, has plagued Peru since roughly 2020. The rise in violence, including widespread extortion, kidnapping, and murder, has led Peruvian authorities to declare states of emergency in multiple areas. The gangs' expansion has capitalized on the influx of vulnerable Venezuelan migrants, who are also frequent victims of the gangs' extortion and human trafficking.
Key Venezuelan gangs operating in Peru
Tren de Aragua: Considered Peru's "Public Enemy Number One" by some analysts, this powerful organization began in a Venezuelan prison and expanded internationally, exploiting migration routes. In Peru, the gang has gained territory by fighting and forming alliances with local Peruvian gangs, dominating criminal economies like extortion, prostitution, human trafficking, and illegal gold mining.
The Gallegos: A smaller gang with links to Tren de Aragua, the Gallegos have been involved in violent clashes with Peruvian gangs for control of criminal rackets, primarily in Lima.
Causes and factors driving the violence
Increased migration flows: The mass migration of Venezuelans fleeing their country's political and economic crisis allowed gangs like Tren de Aragua to expand their operations by exploiting vulnerable migrants.
COVID-19 pandemic: The pandemic accelerated the shift in criminal activity toward extortion. With empty streets during lockdowns, criminals turned to online threats and extortion via services like WhatsApp.
Economic incentives: High gold prices have fueled a lucrative boom in illegal gold mining in Peru. Venezuelan and local gangs have allied to seize control of these deposits, leading to a deadly battle that has expanded to other cities like Trujillo.
Weak governance: Critics suggest that political instability and high-level corruption in Peru have undermined the government's ability to effectively combat organized crime.