The $31 Billion Bubble Scam and the Nicaraguan Canal Myth

Activists protest against building an inter-oceanic canal, in the Buenos Aires municipality, 6 kilometers from Rivas, Nicaragua, on Sept. 19, 2014. Inti Ocon/AFP via Getty Images

News Analysis

In May, the Shanghai Stock Exchange (SSE) imposed disciplinary sanctions on the Beijing Xinwei Technology Group Co. (Xinwei Group) and its chairman, Wang Jing. The sanctions included the delisting of the company’s shares and disallowing Wang to serve in any managerial capacity of listed companies for 10 years.