Setback to Xi's 'Belt-Road': Malaysia scraps China-backed projects

Mahathir told Malaysian reporters that both Chinese President Xi Jinping and Premier Li Keqiang understood the reasons behind the cancellations and "accepted them." The projects, comprising a $20 billion East Coast Rail Link and two energy pipelines worth $2.3 billion, had already been suspended pending renegotiation.

from Times of India https://ift.tt/2Ldzwqy