KUALA LUMPUR (Reuters) – Malaysia is hopeful of getting more “fair” investment from China, its foreign minister said on Tuesday, after both countries agreed to resume two multi-billion dollar projects just before a Belt and Road conference in Beijing this week.
Malaysian Prime Minister Mahathir Mohamad, who came to power after a stunning election victory last May, had vowed to renegotiate or cancel what he calls unfair Chinese projects authorized by his predecessor.
Month - Countries - Construction - East - Coast
Earlier this month, both countries agreed to resume construction of the East Coast Rail Line (ECRL) at a discount. Last week, Mahathir announced the resumption of a multi-billion dollar property development linked to China.
“We want to improve our ties with China. That is a fact. But it doesn’t mean we will do whatever it takes,” Malaysian Foreign Minister Saifuddin Abdullah told Reuters in an interview.
Agreements - Arrangements - Sides
“Agreements and arrangements have to be fair for both sides,” he said.
The minister said ties between the countries had improved since the resumption of the two projects – both part of China’s ambitious Belt and Road...
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