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Groundbreaking for $2.6-Billion Resort in Bahamas

Feb 22, 2011 9:15 AM

From Reuters:
Baha Mar Project Will Revitalize Cable Beach
China's ambassador to the Bahamas hailed the groundbreaking of a $2.6 billion resort project on Monday as "another milestone" in the two countries' relationship and suggested it could herald further Chinese investment in the island nation. U.S. diplomats have raised concern about whether the Baha Mar project, which is being financed and built by two Chinese government-owned entities, could make the Bahamian government beholden to China. Click here for the full story.

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