Aug 20, 2018 02:55 PM

Mahathir Aims for ‘Win-Win’ in Reducing Chinese Projects

Malaysia is seeking to reach a mutually beneficial outcome with Beijing as Southeast Asia’s third-largest economy plans to postpone or scrap some mega projects funded with money borrowed from China, Prime Minister Mahathir Mohamad said Monday.

“Malaysia has been borrowing a lot of money from China. And now it’s faced with the problem of repayment of the loans, and that is why we have to maybe reduce or postpone some of the projects in Malaysia,” Mahathir told Caixin in an interview. “So it’s nothing to do with Chinese business. It is just our need to reduce the amount of money we borrow from other countries.”

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