Mahathir’s $134 billion threat

“What worries us is the amount of money borrowed by the [Malaysian] government. A responsible government must try to reduce borrowing otherwise we will be in bad shape”


New PM Mahathir

Mahathir Mohamad, Malaysia’s newly elected prime minister, says he is not anti-Chinese but he does have reservations about loans such as the $13 billion finance for the East Coast Rail Link, where 85% has been lent by Chinese banks. The South China Morning Post calculates that 11 China-backed projects worth a total of $134 billion could face greater scrutiny under Mahathir.

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