Wang Jing, chairman of Hong-Kong HKND Group, left, watches a presentation detailing the proposed 286 kilometer (178 miles) long canal to be built in Nicaragua during a press conference held at a hotel... more 
Wang Jing, chairman of Hong-Kong HKND Group, left, watches a presentation detailing the proposed 286 kilometer (178 miles) long canal to be built in Nicaragua during a press conference held at a hotel in Beijing, China, Tuesday, June 25, 2013. Wang, the Chinese businessman behind the plan to build a canal in central America to rival Panama Canal said his ambitions are well researched and backed up by an experienced team, despite skepticism that the 40-year-old may not deliver the $40 billion project. (AP Photo/Ng Han Guan) less 
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Associated Press | Photo By Ng Han Guan
Tue, Jun 25, 2013 9:02 AM EDT