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China playing big in Central America and World Trade.

The Americas Security News - Nicaragua-Canal

The Americas Security News - Nicaragua-Canal

PRC China may be about to make a large impact on Central America and global economic trade. According to reliable sources, Nicaragua has given China a 100-year “concession” to build a new & bigger canal that will be an alternative to the Panama Canal. The canal project will cost over $40 billion and will consolidate China´s position in world trade and in Latin America. United States presence in Central America could be weakened, specially U.S. dominance over the key shipping route between the Pacific and Atlantic oceans. Next step: President Daniel Ortega will send a bill to Nivaraguan Parliament for the creation of the Canal, and the Chinese (at least three chinese firms) will strat to build it through Lake Nicaragua. Before constructing the Panama Canal, the U.S.  studied the feasibility of doing it in Nicaragua , but finally they choosed to construct it in Panama. Nicaragua is in the center of strong earthquake activity.