The port facility at Hambantota, Sri Lanka, generated so little revenue the Sri Lankan government was forced to conclude a debt-for-equity swap with China to get the liability off its books. Photo: AFP
The port facility at Hambantota, Sri Lanka, generated so little revenue the Sri Lankan government was forced to conclude a debt-for-equity swap with China to get the liability off its books. Photo: AFP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

What could be worse than Belt and Road? A copy of Belt and Road

With Australia, the United States, Japan and India joining the fray, it seems the heyday for transportation hubs is well on its way, whether there is yet any economic reason for them or not

Tom Holland
Tom Holland

Updated: 11:22am, 26 Feb, 2018

Why you can trust SCMP
The port facility at Hambantota, Sri Lanka, generated so little revenue the Sri Lankan government was forced to conclude a debt-for-equity swap with China to get the liability off its books. Photo: AFP
The port facility at Hambantota, Sri Lanka, generated so little revenue the Sri Lankan government was forced to conclude a debt-for-equity swap with China to get the liability off its books. Photo: AFP
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