Anonymous ID: 24dc5d Nov. 1, 2018, 4:41 p.m. No.3691366   🗄️.is 🔗kun

https://www.bloomberg.com/opinion/articles/2018-11-01/china-s-belt-and-road-ambitions-could-backfire?srnd=premium-asia

 

Mahathir suspended work on the rail line and canceled three Chinese-linked pipeline projects outright. He’s undercut a multibillion-dollar condo development by warning potential Chinese buyers that they shouldn’t expect visas to live in Malaysia. Prospects for a Chinese-funded port complex at Malacca, which analysts say would struggle to draw business away from Singapore — bigger and more efficient — look shaky as well.

 

Skepticism about the Belt and Road is spreading well beyond Malaysia. Nearby Myanmar has dramatically scaled back its own Chinese-funded port. Thailand has rejected Chinese financing for rail projects across the country. Even loyal ally Pakistan, which faces a current-account crisis in part because of all the money spent on importing Chinese equipment to build the $62 billion China-Pakistan Economic Corridor, has talked about reassessing the scope and character of the scheme.

 

China getting some push back from their projects.