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Economy

China may be behind $40 billion Nicaragua canal project

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HKND Group chairman Wang Jing speaks during a discussion group with students from the National Engineering University in Managua, July 7.   © Reuters

SAO PAULO -- A Nicaraguan plan to build a canal that would link the Pacific and Atlantic oceans is slowly getting off the drawing board and into reality. Construction is set to begin as early as later this year, with a view to having the waterway begin operations in about 10 years.

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