China has recently started construction on a new resort in the Bahamas. The resort, costing an estimated $2.6 billion, is composed of four hotels, one golf course, and a record-breaking large casino. It is being funded by state-owned Chinese companies. The project will bring an economic boost to the tourism industry of the Caribbean which was also affected by the global financial crisis. Over 8,000 jobs will be created in the hospitality sector of the project, while 4,000 temporary jobs will be created for the construction of the resort. The Chinese are using the resort to globally expand their presence in economic affairs.
http://www.bbc.co.uk/news/business-12521763
Meghan Steinbeiss
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