Malaysian Prime Minister Mahathir Mohamad told Chinese leaders last week that his country cannot afford to spend money on Beijing-backed infrastructure projects that had been planned under former Prime Minister Najib Razak. He announced the cancellation Tuesday after returning from a 5-day trip to China.
The canceled projects - a $20 billion railway line and two energy pipelines - were a part of Chinese President Xi Jinping's Belt and Road initiative.
Malaysia is not opposed to Chinese companies, said Mahathir, but it needs to cut ...More |
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