But all these deals pale in comparison to a project in Nicaragua. A Hong Kong company wants to spend at least $40 billion to build a canal across Nicaragua to connect the Pacific with the Caribbean Sea. It would be wider and five times longer than the Panama Canal.
Nicaragua’s legislature gave the company the rights to build the waterway and connecting ports. The canal would be a giant boost for Nicaragua’s economy. But it also would likely pollute Lake Nicaragua, a vital source of drinking water.
This week on Global Journalist, we’ll examine the economic and geopolitical implications of this surge in Chinese investments and trade in Latin America.
Tim Rogers is the editor of Nicaragua Dispatch.
Margaret Myers is the China and Latin America Program director at Inter-American Dialogue.
Benjamin Creutzfeldt is a professor in Contemporary China Studies at CESA Business School in Bogota, Colombia.