Bahamas breaks ground on Chinese-financed resort

NASSAU, (Reuters) – China’s ambassador to the  Bahamas hailed the groundbreaking of a $2.6 billion resort  project last week as “another milestone” in the two countries’  relationship and suggested it could herald further Chinese  investment in the island nation.

U.S. diplomats have raised concern about whether the Baha  Mar project, which is being financed and built by two Chinese  government-owned entities, could make the Bahamian government  beholden to China.

At the ceremony marking the start of construction, Chinese  Ambassador Hu Dingxian said overseas investments by Chinese  companies increased