* China is ready to work with Peru to build a new land-sea corridor between China and Latin America with the Chancay Port as a starting point, Xi said. * As a flagship BRI project, the Chancay Port will enhance trade efficiency between Peru and Asia, cutting shipping times to China to 23 days and reducing logistics costs by at least 20 percent.

Residents relax and enjoy the beach under the sun, as cranes build Chancay Port in the background in Lima, Peru, on October 29, 2024. Photo: VCG Giant containers pile up at the newly developed Chancay Port, Chancay, Peru, on October 24, 2024. Photo: IC

LIMA (Reuters) - Chinese President Xi Jinping said on Thursday during talks with Peru's Dina Boluarte in Lima that China is willing to take the Chancay port, built and controlled by Chinese state-owned Cosco Shipping, as a starting point to forge a new maritime-land corridor between China and Latin America.