In 2021，Peru’s political turmoil continued. The new president，being intent on reform，is hobbled by a lack of political experience and govern ance. He faces a significant risk of falling popularity and being impeached by opposition parties in parliament. In the context of multiple rounds of global COVID-19 outbreak and uneven recovery of the world economy，Peru’s macroeconomic fundamentals remain good and recovery growth has been achieved. However，due to the sharp fluctuations in international commodity prices，the central bank has to tighten monetary policy to alleviate the large imported inflation pressure. Peru’s labor market，while improving from 2020，is still not at pre-pandemic levels. At the same time，the contradiction between the government and the mining area intensified. It seriously damaged the domestic mining investment environment and hit the confidence of international capital investment. As China and Peru marked the 50th anniversary of the establishment of diplomatic ties，positive results have been achieved in political mutual trust，economic and trade mutual benefit and joint fight against the epidemic. Further breakthroughs have been made in Peru’s regional cooperation.