nicaragua canal

Move over Europe and North America, here comes China! Europe, Latin America's second largest trading partner and the U.S., the first, are set to be overtaken by China in the near future. It is predicted that in one year China will have surpassed the EU and in 12 it will have done the same to America.
Some campesinos had to travel for 12 hours just to get to the march. Wilfredo Miranda. Nicaraguan campesinos march against
It is clear that Nicaragua, as the poorest country in Central America and the second poorest in the Western hemisphere, is in need of economic development. But what should development efforts look like?
At a minimum cost of $50 billion and capable of handling the world's largest and most modern ships, this Chinese project right in the heart of the Americas will bring myriad uncertainties to Nicaragua. The unfolding of the Nicaraguan Canal is worth paying attention to, because it threatens to significantly reformat power alignments in Latin America and the world.
A Chinese company and a former Sandinista revolutionary leader (three-time and current Nicaraguan President Daniel Ortega) are teaming up to revive an old idea -- create an alternative to the Panama Canal that will traverse through Nicaragua.