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China, Brazil, Peru eye transcontinental S.American railway

BRAILIA, J17, China, Brazil and Peru released a joint statement pledging concerted effots to build a railway which runs across the South American continent.
Latin America is rich in mineral resources and agricultural products, both of which play an important role in world trade. Meanwhile, the trade between China’s burgeoning economic and Latin American countries is becoming closer.
The transcontinental S.American railway can break the monopoly of the Panama Canal to the international logistics. Moreover, infrastructure network has profound significance to the economic development of Latin American countries. For China, it can also output railway equipment and technology to boost its export trade. 

 

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