September 3, 2013
MANAGUA, Nicaragua — When President Daniel Ortega granted a Chinese telecommunications executive exclusive rights to develop a $40 billion canal through Nicaragua and operate it for 100 years, his administration touted the CEO's record of success heading a wireless communications firm with projects in 20 countries.
Wang Jing's company, Xinwei, boasted that it had orchestrated an array of deals worth more than $5 billion over the last three years, in places as far-flung as Cameroon, Zimbabwe and Ukraine. Its own literature describes the company as possessing “huge strength and sublime eminence in the global communications industry.”
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