People welcome Xi as motorcade heads to hotel in Lima

Chinese President Xi Jinping was warmly welcomed by people in Lima, the capital of Peru, as his motorcade moved from the airport to his hotel on Thursday.

Representatives from Chinese communities, institutions and students, together with local residents, waved Chinese and Peruvian national flags, chanting and cheering to welcome the Chinese president as his motorcade passed.

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People welcome Xi as motorcade heads to hotel in Lima

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People welcome Xi as motorcade heads to hotel in Lima

Xi arrived in Lima on Thursday to attend the 31st APEC Economic Leaders' Meeting and pay a state visit to the Latin American country at the invitation of Peruvian President Dina Boluarte.

The 31st APEC Economic Leaders' Meeting is scheduled on Friday and Saturday in Lima.

Oil prices dived on Tuesday amid renewed hopes that peace talks between the U.S. and Iran may resume and release supply from the key Middle East producing region via the Strait of Hormuz, a crucial artery for the global energy market.

The West Texas Intermediate for May delivery lost 7.80 U.S. dollars, or 7.87 percent, to settle at 91.28 dollars a barrel on the New York Mercantile Exchange.

Brent crude for June delivery dropped 4.57 dollars, or 4.6 percent, to settle at 94.79 dollars a barrel on the London ICE Futures Exchange.

U.S. President Donald Trump said Tuesday that talks with Iran could resume in Pakistan within the next two days, according to media reports after the collapse of weekend negotiations prompted Washington to impose a blockade on maritime traffic entering and exiting Iranian ports.