SINGAPORE (Oct 1): Neo-colonialism. A new version of the Marshall Plan. These are just two descriptions of the Belt and Road Initiative, China’s ambitious plan to invest in infrastructure projects — ports, railways, power plants — that will be critical developments in the participating countries. And, a year ago, the word on the street was Singapore was not going to be a beneficiary of the billions of dollars Beijing was expected to dole out as part of BRI.

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