Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

Meet ‘China’s man in Lima’ who jetted over to US to collect trains donated by Biden admin

by
July 12, 2025
in Latest News
0
Meet ‘China’s man in Lima’ who jetted over to US to collect trains donated by Biden admin

A key China ally with presidential ambitions in Peru traveled late last month to California to participate in a sending-off ceremony for a batch of trains donated by the Biden administration, according to reporting by Peruvian news outlets.

Peruvian outlet Justo Medio reported at the time that Lima Mayor Rafael Lopez Aliaga, who is rumored to be considering a run for president of Peru in 2026, was in California late last month to discuss the transport of a batch of CalTrain locomotives, which were donated to Lima by the U.S. government under the Biden administration.  

Nate Picarsic and Emily de La Bruyère, a senior fellow at the Foundation for Defense of Democracies (FDD), recently published a study on Lopez Aliaga’s ‘deep’ financial ties to China through his company PeruRail, which has seen its revenue rise to over $65 million per year due to increased shipments from Minera Las Bambas, a Chinese-owned joint venture counting state-owned mining giant China Minmetals as its majority backer.

The report alleged that China has been ‘cultivating’ Lopez Aliaga for higher office in Peru in hopes of growing its mineral and battery supplies harvesting in South America. The report goes so far as to dub Lopez Aliaga ‘China’s man in Peru.’

‘China’s mining presence in Peru is a direct boon for López Aliaga,’ the report said, giving Beijing ‘a powerful beachhead in Peru.’

The report said, ‘This leaves an influential Peruvian political leader aligned with and linked to China, its resource project, and the broader Belt and Road Initiative of which it is part.’

In the last several years, Chinese investment in South America, and Peru especially, has significantly increased. 

According to NBC News, China invested $1.3 billion in a massive deepwater port in Chancay, Peru, just north of Lima. 

Chinese President Xi Jinping participated in the port’s opening ceremony in 2024, during which he called the port the start of China’s 21st-century maritime Silk Road, according to the outlet.

According to Picarsic, China has also been investing heavily in Lima’s infrastructure, most notably dominating its electricity industry, all of which Lopez Aliaga has been a ‘linchpin’ piece in moving Chinese dominance forward.

Now, with Lopez Aliaga possibly entering Peru’s presidential race, Picarsic explained that this all ‘looks like a telltale sign of China’s handiwork.’

He also called the U.S.’s donation of trains to Peru ‘too little, too late’ to combat China’s growing influence in the region.

‘We’re coming with a donation of some number of decommissioned rail cars. But this guy, who is in cahoots with China, who’s coming to take them and he’s taking them back to run on Chinese rail feeding into a Chinese port, helping to move goods from a Chinese mine.’

Former Secretary of State Antony Blinken participated in a train-donation ceremony last November in Lima, Peru, where he praised the project as an opportunity to ‘strengthen the ties between Peru and the United States’ and said the trains ‘are not just a symbol, but the practical manifestation of possibilities – the possibilities that come when we connect to each other.’

‘This agreement is a testament to the strength and durability of the U.S. and Peru’s longstanding and mutually beneficial relationship,’ he added. ‘I am so proud to have Caltrain be a member of that mutually beneficial relationship.’

This post appeared first on FOX NEWS
Previous Post

Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

Next Post

Bondi says all charges against doctor who allegedly destroyed COVID vaccines have been dropped

Next Post
Bondi says all charges against doctor who allegedly destroyed COVID vaccines have been dropped

Bondi says all charges against doctor who allegedly destroyed COVID vaccines have been dropped

  • Trending
  • Comments
  • Latest
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Progressive power players rally voters for Zohran Mamdani as early voting kicks off in NYC mayoral race

Progressive power players rally voters for Zohran Mamdani as early voting kicks off in NYC mayoral race

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Progressive power players rally voters for Zohran Mamdani as early voting kicks off in NYC mayoral race

Progressive power players rally voters for Zohran Mamdani as early voting kicks off in NYC mayoral race

October 26, 2025
Why Trump’s use of force against the cartels is justified

Why Trump’s use of force against the cartels is justified

October 26, 2025
Rubio reveals shared intelligence prevented possible Hamas attack, discusses international stabilization force

Rubio reveals shared intelligence prevented possible Hamas attack, discusses international stabilization force

October 26, 2025
Trump ally who donated $130 million to pay troops amid shutdown revealed as reclusive billionaire heir: report

Trump ally who donated $130 million to pay troops amid shutdown revealed as reclusive billionaire heir: report

October 26, 2025

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Progressive power players rally voters for Zohran Mamdani as early voting kicks off in NYC mayoral race

    Progressive power players rally voters for Zohran Mamdani as early voting kicks off in NYC mayoral race

    October 26, 2025
    Why Trump’s use of force against the cartels is justified

    Why Trump’s use of force against the cartels is justified

    October 26, 2025
    Rubio reveals shared intelligence prevented possible Hamas attack, discusses international stabilization force

    Rubio reveals shared intelligence prevented possible Hamas attack, discusses international stabilization force

    October 26, 2025
    Trump ally who donated $130 million to pay troops amid shutdown revealed as reclusive billionaire heir: report

    Trump ally who donated $130 million to pay troops amid shutdown revealed as reclusive billionaire heir: report

    October 26, 2025

    Top News

    Progressive power players rally voters for Zohran Mamdani as early voting kicks off in NYC mayoral race

    Progressive power players rally voters for Zohran Mamdani as early voting kicks off in NYC mayoral race

    October 26, 2025
    Why Trump’s use of force against the cartels is justified

    Why Trump’s use of force against the cartels is justified

    October 26, 2025

    Latest News

    • Progressive power players rally voters for Zohran Mamdani as early voting kicks off in NYC mayoral race
    • Why Trump’s use of force against the cartels is justified
    • Rubio reveals shared intelligence prevented possible Hamas attack, discusses international stabilization force

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.