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Malaysia Can’t Afford $22 Billion Beijing-Backed Projects, Mahathir Tells China

Aug 22 , 2018

Malaysian Prime Minister Mahathir Mohamad said he plans to defer or cancel some $22 billion worth of Chinese-backed infrastructure projects, after explaining his objections to China’s leaders.

At a Tuesday media briefing at the end of a five-day China trip, Mr. Mahathir said he told President Xi Jinping and other Chinese leaders that Malaysia needs to cut its debt burden and isn’t able to afford those projects, at least for now.

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