Finance and Foreign Policy Mix When China and Japan Lock Horns – WSJ

The development of transport infrastructure in Vietnamࢀ™s two biggest cities may not seem like an issue of geopolitical importance. But beneath the ground in Ho Chi Minh City and Hanoi, a tussle over influence in Asia has played out in recent years. The two citiesࢀ™ subway systemsࢀ"both subject to yearslong delaysࢀ"are being built by Japanese and Chinese firms respectively, and are a visible symbol of how the contest for influence between Tokyo and Beijing meets the reality of two nations with large savings and a drive to invest…