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Indonesia's High-Speed Rail Disaster: China's Exported Debt Trap
In recent years, China's high-speed rail ambitions have captured the world's attention, often touted as a symbol of technological prowess and national pride. However, behind the gleaming trains and ambitious infrastructure projects lies a sobering reality: a pattern of financial overreach, mismanagement, and geopolitical leveraging. This pattern is now firmly underway in Southeast Asia, with Indonesia's much-vaunted high-speed rail project exemplifying the pitfalls of Beijing’s export-driven infrastructure model.