Malaysia To Scrap $22 Billion Worth Of China-Backed Projects

by
August 21, 2018

malaysian prime minister

KUALA LUMPUR/BEIJING: Malaysian Prime Minister Mahathir Mohamad called on China’s top leadership Monday to help solve his country’s fiscal problems, as he tries to revise major Beijing-backed projects signed under his scandal-plagued predecessor.

The 93-year-old leader, who returned for a second stint as premier following a shock election win in May, has railed against a series of deals struck with Chinese state-owned companies by the administration of toppled leader Najib Razak.

His government has suspended China-backed projects worth more than $22 billion, including a major rail link, and Mahathir had pledged to raise the issue of what he views as unfair terms related to some of the deals on his five-day trip.

During a press conference with Premier Li Keqiang at Beijing’s Great Hall of the People, Mahathir thanked China for agreeing to increase imports of speciality agricultural products, such as durian.

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