Argentina Renews $19 Billion China Swap Line as Chancay Port Tops 500,000 TEUs
China Latin America loans stay central as Argentina renews its 130 billion yuan swap to 2031 and Peru's Chancay port tops 500,000 TEUs a year. The post Argentina Renews $19 Billion China Swap Line as Chancay Port Tops 500,000 TEUs appeared first on The Rio Times .
The stakes in Latin American trade and finance are rising as China locks in infrastructure while the United States encourages governments to reduce ties with Beijing. In Argentina, the country has renewed a 130 billion yuan PBOC swap line, extending its term to five years and preserving a roughly US$18.6 billion backstop, according to a report on 5 August 2026.
Meanwhile, Peru's Chancay port has reached a significant milestone, processing 502,646 TEUs and 2.4 million tons of cargo by June 2026, following nineteen months of operations. This port now handles 62 percent of Peru’s agricultural exports to China and US$1.59 billion in two-way goods trade. Despite open pressure from the United States, Argentina has maintained its central-bank swap line, while Peru's Chancay port has turned a Chinese infrastructure bet into measurable trade flows.
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