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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