Leiking said Pakatan's position on China's Belt and Road Initiative has always been about setting clear parameters. — Picture by Ahmad Zamzahuri
China has been Malaysia’s biggest trade partner for the past 10 years while Malaysia is one of the middle kingdom’s top 10 trade partners. Bilateral trade grew to US$108.62 billion last year, an official in the Malaysian Embassy to China for the economic section See Chee Kong said in March. The RM21.5 billion price cut on the original ECRL deal illustrated that it was possible to enforce clear parameters for projects under the initiative so there will be no “abuses”.
Last Thursday, Dr Mahathir witnessed the signing of two Memoranda of Understanding and a framework agreement to revive a China-backed primeOne of the MoUs aims to woo more Chinese investment in industrial estates and infrastructure along the 640-km ECRL route that will cut through the country’s less developed areas.
Source: News Formal (newsformal.com)
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