The Combination of Finance and Foreign Policy When China and Japan Stall


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The development of transport infrastructure in Vietnam’s two largest cities may not seem like a matter of geopolitical importance. But underground in Ho Chi Minh City and Hanoi, a struggle for influence in Asia has unfolded in recent years. The two cities’ subway systems – both subject to multi-year delays – are built by Japanese and Chinese companies respectively, and are a visible symbol of how the contest for influence between Tokyo and Beijing meets the reality of two nations with great savings and a motivation to invest abroad. New Japanese Prime Minister Yoshihide Suga’s visit to Vietnam and Indonesia...