Mininster Mahathir Mohamad has railed against a series of deals struck with Chinese state-owned companies by the administration of toppled leader Najib Razak AFP/Manan VATSYAYANA The 93-year-old leader, who returned for a second stint as premier following a shock election win in May, has railed against a series of deals struck with Chinese state-owned companies by the administration of toppled leader Najib Razak. His government has suspended China-backed projects worth more than US$22 billion, including a major rail link, and Mahathir has pledged to raise the issue of what he views as unfair terms related to some of the deals on his five-day trip. During his nine-year rule, Najib was accused of cutting quick deals with Beijing in return for help paying off debts linked to a massive financial scandal that ultimately helped bring down his long-ruling coalition. “We’re looking at the agreements entered into by the previous government,” Mahathir told a press conference this week. “Where we can drop we will drop, where we can modify we will do that – but the most important thing is for us to save money.” Mahathir – who will visit Hangzhou and Beijing, and hold talks with President Xi Jinping during his… Read full this story
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