Perplexed, wounded, indignant or still optimistic. The Chinese developer Country Garden Holdings Co. can put any spin it wants on its Forest City project, a $100 billion Malaysian township whose fate suddenly has been thrown into doubt after Mahathir Mohamad’s pointed refusal to let foreigners buy apartments or live in them long-term.
One thing is clear, though: The prime minister is not acting impulsively. The project claims to be a “new global cluster of commerce and culture,” and a “dream paradise for all mankind.” However, in Malaysian political discourse, Forest City is just a gigantic Chinatown of 700,000 residents. Taking

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