On Nov. 14, China’s head of state Xi Jinping inaugurated the Chancay Port, financed with 3.5 billion US dollars, as part of the APEC summit in Peru. This project will be a catalyst for global trade and in particular a key link between Latin America and East Asia. Peruvian voices emphasize that the country is very interested in expanding Chinese investment – especially in high-value-added sectors that can drive sustainable development. That doesn’t sound like a „debt trap“, it’s a promising connection.