A £25billion rival to the Panama Canal could be built across Nicaragua – funded entirely by the Chinese.
The hugely ambitious engineering project would give China control of a vital waterway to challenge the one completed by the US in Panama nearly 100 years ago.
Legislation paving the way for a new canal was given the go-ahead by Nicaraguan politicians on Monday night and is expected to be approved by the National Assembly tomorrow.

Read more: http://www.dailymail.co.uk/news/arti...ded-China.html

This is interesting. A canal bank-rolled by the Chinese would no doubt be under the strong influence of the Chinese. The story does point out that such a canal would not be a canal under the direct control of the Chinese but still, it is interesting the moves that China is making. I wonder what, if anything, the United States will do in regards to this potential canal.