Oceania

Why China’s ‘Island City’ in Papua New Guinea is a Mirage

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Oceania | Economy | Oceania

Why China’s ‘Island City’ in Papua New Guinea is a Mirage

Australian security analysts can console themselves that the Hong Kong-based firm’s plans will never eventuate.

Why China’s ‘Island City’ in Papua New Guinea is a Mirage
Credit: Flickr/AK Rockefeller

Here’s a handy rule of thumb: any Asian development project claiming to be worth in the tens of billions of dollars stands little chance of ever being built.

This has now been all-but confirmed in the case of the $30 billion “city” that a Chinese firm was reportedly planning to build on an impoverished island off the coast of Papua New Guinea, close to the northern tip of Australia.

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