Thursday, December 24, 2015

China Investing Big In Caribbean

Stretching some 67 km (41.6 miles) north to south across Jamaica, the $600m four-lane highway skirts around a mountain and will eventually be lined with luxury hotels, restaurants and bars.

Nicknamed the “Beijing highway” – after the Jamaican sprinter Usain Bolt reportedly turned down a chance for the road to carry his name – the state-of-the-art tolled carriageway is the most striking sign that the Chinese treasure ship has arrived in the Caribbean.

The red and gold flag of the People’s Republic flutters over the construction site, where hundreds of Chinese workers reside in camps and trucks are lined up in military precision.

When completed early next year the tolled highway, paid for by Beijing, will cut driving times from Kingston to the tourist resort of Ocho Rios on the north coast from nearly two hours to 50 minutes.

You can read the rest @
http://www.theguardian.com/world/2015/dec/24/beijing-highway-600m-road-just-the-start-of-chinas-investments-in-caribbean

Meanwhile Puerto Rico, the US "jewel" of the Caribbean, is going bankrupt. More evidence of China rising while US is falling.

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