To set up a rival the panama canal waterway across Nicaragua said on Tuesday that his ambitious plan is no laughing matter, is supported by experienced consultants, despite the skepticism of 40, can offer a $4 billion project.
Hong Kong HKND group chairman and owner, Mr Wang said at a news conference: "we do not want it to be a international joke, we don't hope it becomes an example, the Chinese investment failure," Beijing.
King, a relatively new business history, before 2010 is almost unknown, earlier this month received government approval in Nicaragua, HKND study, and may set up and run across the central American country of shipping channels. Some members of congress and residents in Nicaragua have said about the company's ability to have reservations.
"The world trade organization has so developed today, it needs a new canal," he said. The panama canal is currently in trade between east and west is not enough."
Early evaluation of the project, Mr. Wang said, is favourable, meanwhile considering the future growth of the United States and China, and China's vast appetite, mineral resources from Latin America.
"There have been a huge amount of data and business modeling, the result is quite optimistic," he said. "Reward is to ensure that for every investor broad smile."
Mr Wang said that his advisers has rich experience in projects, including McKinsey, a consultancy, based in the United States and China's biggest construction company, the state-owned China railway construction corporation
His team's way, he says, to minimize risk, for example, by the middle of the Nicaragua canal route, in order to avoid any potential border dispute with neighbouring costa rica. Mr. Wang said he hoped from now on each year to provide feasibility study report, at the end of 2014, the project will break ground, and in less than 6 years to complete.
The king to provide some new information to myself, "he said, he is from an ordinary Chinese family in Beijing and before becoming a businessman, he studied Chinese traditional medicine.
He invest in several industries, including telecommunications and mining. King in 2010, investment in the medium of PMP telecommunications enterprise group of China telecom company. Since then, he has been credited with fiscal around it, some extended to overseas markets, including Nicaragua, now was awarded business license last November.
The company has established the telecommunication network and the development of wireless communication technologies - despite its patent technology of McWiLL is considered to be obscure. PMP in Cambodia, has become the country's telecoms market, through the provision of telephone and data services, and plans to expand to the nation, is now in the capital, phnom penh, the latest player.
In Nicaragua, a now invest up to $700 million of the contract, in order to improve the country's telecommunications system has almost no signs of any spending, leads to many residents remit to the king, to build a canal are sceptical. "This is a lie, opposition lawmakers in Nicaragua Elise Mr Nunes said:" at the beginning of this month.
JiYongQing now said, China's information technology commentator, has clearly into the government purchasing Chinese products in Africa, Asia and Latin America project, to help push strategy in the developing world.
"Personally, I think, the success of PMP, there are a lot of work to do, the war with China just go out and use Chinese products in their assistance programs," he said.



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