China Wants To Set Up A Rival To The Panama Canal In America's Backyard

china railroad

China is working with Colombia to build a rival to the Panama Canal, according to the FT.

The new “canal” would stretch from the Atlantic to Pacific Coast, and be a railroad, not a water route. It would cover 134 miles.

It’s unknown whether this new route would be faster or cheaper than the Panama Canal, but it would certainly provide China with a massive investment opportunity in an emerging market that is suddenly all the rage.

The FT speculates that part of the reason around the emergence of this “canal” is to push the U.S. to secure its free trade agreement with Colombia faster.

Don’t miss: Credit Suisse’s fabulous presentation on what China will look like in 2015 >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at