New analysis from Australia’s Lowy Institute also showed that, even with these problems, China remained by far the biggest source of outsider cash in the strategically critical region, and was learning from experience.
The Jakarta-Bandung High-Speed Rail project in Indonesia was completed four years behind schedule and US$1.2 billion over budget. Supplied
While there had been a steep decline in new agreements, China was shifting its investment towards smaller projects while lifting its focus on risk management, compliance, safety and environmental standards.
This, along with Beijing’s…