Business Report- 9/1/15: Nicaragua Canal

Business Report-9/1/15: Nicaragua Canal

China has been throwing money at Latin America and Africa, expanding its political influence and also making it possible to buy more raw materials it needs from places where mining is done.

China is also the financier behind Nicaragua's dream of building a canal through the Panama Canal. This has been going on for a while and a lot of money has allegedly gone into Nicaragua for this.

A Bloomberg reporter flew down to do a progress report. He visited various points along the construction site but couldn't find any evidence of the canal being built. He ended up writing a story saying that the mysterious canal doesn't exist due to the fact that there's no evidence anywhere on the route that shows anything has been done to start actually digging a ditch. Nicaragua, however, is still saying the canal will open in a few years.

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