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Author Topic: Increasing Chinese Influence in Western Hemisphere: Reason for Concern?  (Read 1116 times)

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Offline robert angel

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This almost sounds good at first, but dig a little deeper and it's not that clear or simple.


>>World’s largest infrastructure project sparks protests, environmental concerns and suspicions of corruption


February 24, 2015The Nicaraguan government and a Chinese development company have started work on what they claim is the world’s largest infrastructure project: a new canal to connect the Pacific Ocean and Caribbean Sea. Three times as large as the Panama Canal, the $50 billion project will speed shipping time for supertankers taking shale oil and liquefied natural gas from the Eastern United States to energy-hungry Asia. Supporters say the canal and related projects will create over 250,000 jobs.

http://america.aljazeera.com/opinions/2015/2/nicaragua-launches-worlds-largest-infrastructure-project.html<<


>>President Ortega granted Wang’s canal company, HK Nicaragua Canal Development Investment Co. Ltd, or HKND Group, a 50-year concession, which would give Nicaragua only a small return — $10 million a year — for the first decade of operation, then increasing percentages of the profits in subsequent years. But even Wang’s Nicaraguan construction partners know little about his other investors or whether the Chinese government, which has denied involvement, is backing the project.<<

https://www.washingtonpost.com/world/the_americas/can-a-chinese-billionaire-build-a-canal-across-nicaragua/2015/02/03/e9cf3482-9aa5-11e4-86a3-1b56f64925f6_story.html

Take a look at Chinese investment across C. & S. America in recent years sometime. It isn't any wonder that beyond attempts at controlling things like the Panama Canal and now funding and breaking ground on another transoceanic canal, that they've dropped 12 or 13 billion in yuan to USD equivalent on projects in Ecuador alone,in exchange for 90% of all future oil, which could be a substantial amount. I'm not saying the Chinese are popular personally, but they are playing a more sympathetic hand recently and it seem to be winning in terms of buying influence and securing long term gains down yonder.

Besides the huge petroleum refinery in Ecuador's Manta and  hydro electric projects also in Ecuador not even mentioned here, the Transoceanic Nicaragua Canal (which in short order China will own) and hundreds of billions in additional promised investments, the Chinese Premier's grand S. American tour and more, should pique somebody's interest. Not a big fan of Huffington Post or the NY Times, but the NYT has a better article.
http://www.huffingtonpost.com/rafael-salazar/chinese-investment-in-lat_b_7621160.html

These are brief examples. Meanwhile the Chinese are spreading their 'largesse' pretty deep and wide across the entire region....
« Last Edit: July 30, 2015, 04:03:29 PM by robert angel »
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