Wang Jing, Chinese Billionaire Behind the Nicaraguan Canal Project, Loses 9 Billion Dollars in Five Years

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In 2013, Chinese billionaire Wang Jing received a 40 billion concession from Nicaraguan president Daniel Ortega for the purpose of building a canal through the country- a project that was never completed. Market shares of Xinwei, the company that is directed by Jing, have lost almost 50% of their value since January of 2019.

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