News Summary: Chinese company in canal concession

CHINA DIG: Nicaragua's National Assembly president says a Chinese company will get a concession to build a canal across Nicaragua linking the Pacific and Atlantic Oceans.

PANAMA PASS: the canal would be an alternative to the Panama Canal and would generate jobs for impoverished Nicaragua and other Central American countries.

GLOBAL INVESTMENT: Legislative leader Rene Nunez said the Chinese will use funds from investors around the world to build the $40 billion project.