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Peru finance ministry drafts decree to lift AFP foreign investment cap
La RepúblicaLO·PE·1 day ago
US Secretary of State Marco Rubio pressed Peru on countering Chinese influence around the Chancay megaport, prompting a sharp rebuke from Beijing's embassy in Lima. Peru confirmed it will join the US-led Shield of the Americas coalition, signaling a tilt toward Washington amid competing infrastructure and security interests. The exchange underscores intensifying US-China competition in Latin America, with Peru balancing economic ties to Beijing against security alignment with Washington.
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