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IPFS News Link • World News

Here's The Chinese Businessman Who Wants To Build A $50 Billion Canal Across Nicaragua

• http://www.businessinsider.com, Matthew Miller
"I know you don't believe me," said Wang, who reckons that he's forked-out about $100 million in canal preparation work, and is burning as much as $10 million a month on the project.

"You believe there are people from the Chinese government in the background providing support. Why, in the end, is only Wang Jing out front?"

High-ranking Chinese officials including President Xi Jinping, Premier Li Keqiang and former leaders Jiang Zemin and Wen Jiabao have all visited the state-connected wireless communication technologies company Wang took control of four years ago.
 
Wang, whose entrepreneurism went mostly unnoticed in China and elsewhere before last year's Nicaragua announcement and a subsequent $3 billion Black Sea port development plan, has not helped matters by refusing to talk in detail about himself or broad swathes of his career.


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