Oops! Chinese Billionaire Behind New Nicaraguan Canal Loses 90% of Wealth in 3 Months

``"The turn of fortune in Mr. Wang's financial resources will impact how and whether the canal can and will be built," said Daniel Wagner, CEO of Country Risk Solutions and a former country risk manager at General Electric Co. "I would expect, given this year's financial gyrations in China, that the government is also asking itself whether the canal is a viable proposition." ... "Mr. Wang will probably be able to find enough venture capitalists to launch the project and resort to the services of one of the leading investment banks of the world to structure an offer that may enable him to raise the rest of the funds in a sound combination of equity and debt," said Mayorga, who is an adviser to the board of the Inter American Development Bank.