China as "enabler:" pursuing win-win cooperation and shared development [Yahoo! Finance]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Yahoo! Finance
As of late January 2025 Peru's Chancay Port had handled over 15,000 containers and 112,000 tons of bulk cargo, cementing its role as a pivotal hub for exports of blueberries, palm oil, and corn – products now defining Peru ' s trade identity. Born from the Belt and Road Initiative (BRI), the port is reconfiguring Peru ' s economic footprint, underscoring a development model that contrasts sharply with historical precedents. While past powers pursued modernization through expansionist strategies, often leaving developing nations burdened, China ' s approach emphasizes coexistence over zero-sum rivalry. By prioritizing shared growth and leveraging its own modernization to propel global progress, China has earned recognition as an "enabler." Australian scholar Warwick Powell observed that just as China seeks to achieve more even development domestically, the effects of its model of global integration via trade, capital exports, transfer and knowhow is also tackling decades of unev
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