Construction has begun on a US$2.6 billion resort in the Bahamas that is being built and financed by the China Export-Import Bank and China State Construction (3311.HK), Reuters reported. China’s ambassador to the Bahamas, Hu Dingxian, was present at the groundbreaking ceremony for the Baha Mar resort, which he said was a milestone in China-Bahamas ties. “I believe, with continued development of the bilateral relationship, more and more Chinese investors will be coming to the Bahamas to seek investment and co-operation,” he said. US diplomatic cables released by Wikileaks have indicated concern in Washington that significant Chinese investment in the Bahamas could make the country beholden to Chinese interests.
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