Chinese People's Liberation Army personnel attend the opening ceremony of China's new military base in Djibouti. Photo: AFP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Why borrowers on China’s belt and road will go from euphoria to depression

China is investing heavily in international infrastructure projects to advance its own interests, but when the bills come due the deals may wreak havoc on poorer nations with nowhere to turn

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Chinese People's Liberation Army personnel attend the opening ceremony of China's new military base in Djibouti. Photo: AFP
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Tom Holland

Tom Holland

Tom Holland is a former SCMP staffer who has been writing about Asian affairs for more than 25 years