Why China's 'One Belt. One Road' plan is doomed to fail

摘要

Eerie similarities with Japanese scheme 20 years ago suggests a future of white elephants, wasted money and corruption on a scale never seen before Facing a deep slowdown after years of investment-fuelled growth that culminated in a huge property and stock market bubble, the leaders of Asia's largest economy come up with a cunning plan. By launching an initiative to fund and construct infrastructure projects across Asia, they will kill four birds with one stone.