Tuesday, July 29, 2014

China Vies For The Backdoor Approach: Another Panama Canal? Yep!

China Plants Flag in US Backyard With Canal Contract
In this June 14, 2013 file photo, President Daniel Ortega, left, and Chinese businessman Wang Jing agree to the construction of a multibillion-dollar canal at the Casa de los Pueblos in Managua. (AP Photo/Esteban Felix, File)
July 24, 2014
A competitor to the Panama Canal to be built in nearby Nicaragua is worrisome not for its dubious economics but rather its builder: China will construct the massive, 172-mile waterway at a cost of $40 billion, while Russia will provide security during the years-long project, all in an area considered by the United States to be its continental backyard.
Impoverished Nicaragua’s decision to allow a Chinese company to build a canal linking the Atlantic and Pacific oceans could be a geopolitical game-changer for the Americas. Aside from the trade impact, China seems determined to challenge America’s regional dominance by establishing a presence in the area, however symbolic.


Read more: http://www.lignet.com/ArticleAnalysis/China-Plants-Flag-in-U-S--Backyard-With-Canal-Cont#ixzz38smkITqb 
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