Thursday, 6 September 2018

The perils of China’s “debt-trap diplomacy”

Malaysia’s rethink of Chinese belt-and-road projects has lessons for other countries



Sep 6th 2018

IN AUGUST, three months after his opposition coalition trounced the Malaysian party that had ruled since independence, Mahathir Mohamad, the country’s 93-year-old new prime minister, travelled to Beijing. His aim was to tell President Xi Jinping that his country was now the Malaysia that can say no.

Dr Mahathir’s predecessor, Najib Razak, had hewed close to China. His loss at the polls resulted more than anything from the stench of corruption within his ruling United Malays National Organisation (UMNO). But his chumminess with China was also a factor. The two issues were entwined.

To read more, see:
https://www.economist.com/asia/2018/09/06/the-perils-of-chinas-debt-trap-diplomacy