Chinese

Nicaragua Grants Chinese Tycoon Rights To $40 Billion Canal Project

The CEO of the HK Nicaragua Canal Development Investment Company, Wang Jing, already managed to secure his telecommunications company a $300 million contract with Nicaragua in 2012. After the canal is done being built, a 49 percent stake of it will go to investors, with the other 51 percent going to the state.

Colombia FARC Rebels Free Four Chinese Captives Held Since Mid-2011

Colombia's FARC rebels freed three captive Chinese oil workers and their translator after holding them in jungle camps for more than a year, a police source said on Thursday, an apparent goodwill gesture as the rebels seek to negotiate a peace accord to end five decades of war.

Cheap and cheerful, Chinese phones outsmart Apple

In China's booming smartphone market, which is set this year to overtake the United States as the world's largest, a host of little-known local firms are primed with cheap phones to squeeze market share from U.S. giant Apple Inc's iPhone.