In this June 14, 2013 file photo, President Daniel Ortega, left, and Chinese businessman Wang Jing hold up a concession agreement for the construction of a multibillion-dollar canal at the Casa de los Pueblos in Managua. (AP Photo/Esteban Felix)

The New Silk Road In Central America: Nicaragua Marches Forward

Wall Street banks and corporations operate with relative impunity in many Latin American countries often leading to persistent poverty. Nicaragua, determined to avoid the pitfalls suffered by her neighbors,is turning to China to help boost the local economy, and the results are promising.