CHINA’S HUGE INVESTMENT IN LATIN AMERICA IS A GREAT OPPORTUNITY BUT WHAT ARE THE RISKS?
July 1st, 2013
THERE was much fanfare in Managua in June when Nicaraguan officials granted a concession to build a USD40 billion canal, which would challenge the great Panama Canal. The unlikely builder: a Chinese businessman, Wang Jing, chairman of China-based Xinwei Telecom Enterprise Group and president of the newly established Hong Kong Nicaragua Canal Development Investment Co. Ltd. It would pass through the south of the country, via Lake Nicaragua, linking the Atlantic and Pacific Oceans.The deal is the latest sign of growing Chinese interest in Latin America, which in ...
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