governance

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China sets debt traps, threatens militarily

China has already blocked 15 million of its citizens from train and airline travel.


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"Travel", said Francis Bacon, "is part of education for the young and a part of experience for those who are older." But there is an additional benefit from a journey outside of one's own borders: a reminder of why certain places function better than others.

In a recent trip to Hong Kong, I met with a plethora of civil servants, some politicians and a few business people, all with an obvious interest in the future of that territory. My purpose was simple: to get a sense of how that territory has held up in the face of massive change occurring in China proper.