China is ready to work with Peru to promote the comprehensive strategic partnership between the two countries onto new heights, visiting Chinese President Xi Jinping said on Thursday when holding talks with Peruvian President Dina Boluarte in Lima, Peru.
Xi arrived in the Peruvian capital earlier in the day to attend the 31st APEC Economic Leaders' Meeting, and pay a state visit to the Latin American country at the invitation of Boluarte.
In the talks with Boluarte, Xi said that the China-Peru relationship has maintained sound growth momentum over the past 53 years since the establishment of diplomatic relations between the two countries, especially after his first state visit to Peru in 2016.
Through joint efforts of both sides, China-Peru bilateral trade has expanded by 1.6 times, with the stock of Chinese enterprises' investment in Peru doubled, and the upgrading of the free trade agreement between the two countries completed, which have all brought tangible benefits to the people of the two countries, Xi recalled.
"China values the traditional friendship with Peru, appreciates the Peruvian Congress' decision to designate February 1 as the 'Peru-China Fraternity Day', and is optimistic about the broad prospects for cooperation between the two sides. China is willing to work together with Peru to promote the China-Peru comprehensive strategic partnership onto new heights, in order to better benefit the people of the two countries. During this visit, I will attend the inauguration ceremony of the Chancay Port via video together with Madam President. This is another successful project in Belt and Road cooperation between China and Peru," Xi said.
"China is ready to join hands with Peru to build a new land-sea corridor between China and Latin America with the Chancay Port as a starting point, in order to connect the Inca Trail with the 21st Century Maritime Silk Road, and open up a road to common prosperity and happiness for Peru and other Latin American and Caribbean countries," he said.
The 31st APEC Economic Leaders' Meeting will be held in Lima on Friday and Saturday.
China ready to work with Peru to promote bilateral ties to new heights: Xi
China ready to work with Peru to promote bilateral ties to new heights: Xi
China ready to work with Peru to promote bilateral ties to new heights: Xi
Geoeconomic confrontation is the leading short-term global threat in 2026, the World Economic Forum (WEF) warned in its Global Risks Report 2026 released on Wednesday ahead of its annual meeting in Davos, Switzerland.
The report ranks geoeconomic confrontation as the top risk for 2026, followed by interstate conflict, extreme weather, societal polarization, and misinformation and disinformation. It also identifies geoeconomic confrontation as the most severe risk over the next two years.
"I think if there is to be one key takeaway from the report, it's that we are entering an age of competition and this new competitive order is then shaping current global risks, but it is also shaping and to some extent hindering our ability to actually cope with them. That's really the key takeaway. If we take a look at, the number one risk both for 2026 and two years out, it's dual economic confrontation. But then if we look at the risks 10 years out. It's really the climate and environment related risks. All of these things require global cooperation and that's where we're seeing a big backsliding in this new age of competition," said Saadia Zahidi, managing director of the WEF.
Economic risks showed the largest increase in the two-year outlook, with concerns over economic downturns, inflation, rising debt and potential asset bubbles intensifying amid geoeconomic tensions, the report said.
Environmental risks remain the most severe overall, led by extreme weather, biodiversity loss and critical changes to Earth systems. The report noted that three-quarters of respondents expect a turbulent environmental outlook.
Risks related to adverse outcomes of artificial intelligence rose sharply, climbing from 30th in the two-year horizon to fifth in the 10-year outlook, reflecting concerns over impacts on labor markets, society and security.
The 21st edition of the report draws on views from more than 1,300 experts, policymakers and industry leaders.
The WEF's annual meeting will be held in Davos from Jan 19 to 23 and draw nearly 3,000 guests from more than 130 countries and regions to participate.
"So overall, we are starting to see this shift away from what have traditionally been the ways in which people have been able to cooperate. Now, that is not to say that any of this is a foregone conclusion. And I think that's a really important message around the risks report. None of this is set in stone. All of this is in the hands of leaders. Whether they choose to cooperate and invest in resilience or whether they do not. So that's really what we'll be focused on next week in Davos bringing leaders together under this overall theme of 'a spirit of dialogue' and trying to reestablish relationships, cooperation and trust. That's the fundamental," said Zahidi.
WEF warns of rising geoeconomic risks in 2026
