China has made a $1.3 billion bet that a new port in Peru will boost access to South America’s agricultural bounty. Cashing in on the investment may be harder than expected.Most Read from BloombergUnder Trump,

The port opening in Chancay underscores China’s growing clout in a region that once looked primarily to the United States for economic opportunity.

Chinese President Xi Jinping reviews the honour guard alongside Peru's President Dina Boluarte after arriving at the government palace, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit,