People pose with a model train at the launch of the East Coast Rail Link project in Kuantan, Malaysia, in August 2017. Photo: Xinhua
Malaysia scraps China-backed East Coast Rail Link plan over price
- Economy minister Azmin Ali admitted the government could not afford hefty interest rates demanded by high-profile ‘Belt and Road’ project
- Official insisted Kuala Lumpur would ‘still welcome all forms of investment from China’, but consider them on a ‘case-by-case basis’
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Malaysia
People pose with a model train at the launch of the East Coast Rail Link project in Kuantan, Malaysia, in August 2017. Photo: Xinhua