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’
Topic |   Malaysia

TOP PICKS

People pose with a model train at the launch of the East Coast Rail Link project in Kuantan, Malaysia, in August 2017. Photo: Xinhua
READ FULL ARTICLE