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Doubts on company behind Nicaragua canal

Tuesday, September 3, 2013

Wang Jing, the Chinese business leader behind the Nicaragua canal project, claims to have succeeded in projects worth more than $5 billion around the world.

However, an analysis by AP shows that in eight of the 20 countries his telecoms company Xinwei claims to operate, no other industry company has heard of it.

With the canal project, Wang Jing has come across obstacles, the most recent being environmental authorities saying Lake Nicaragua is not deep enough for large ships.

Full story (in Spanish)