Malaysian PM to scrap China-backed $22B projects

BEIJING: Malaysian Prime Minister Mahathir Mohamad confirmed during a visit to Beijing on Tuesday that three China-backed projects totaling $22 billion will be cancelled until his country can find a way to pay its debts. The projects include a railway connecting Malaysia’s east coast to southern Thailand and Kuala Lumpur, and two gas pipelines. “I […]

The post Malaysian PM to scrap China-backed $22B projects appeared first on The Manila Times Online.

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