Japanese prime minister Keizo Obuchi had a similar, ill-fated, idea to China’s One Belt, One Road in the 1990s. Photo: AFP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Why China’s ‘One Belt, One Road’ plan is doomed to fail

Eerie similarities with Japanese scheme 20 years ago suggests a future of white elephants, wasted money and corruption on a scale never seen before

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Japanese prime minister Keizo Obuchi had a similar, ill-fated, idea to China’s One Belt, One Road in the 1990s. Photo: AFP
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