Belt and Road a risky ride, says economist FMTNews
Engaging with China’s Belt and Road Initiative led to the construction of the East Coast Rail Link, instead of the Kuala Lumpur-Singapore high-speed rail, economist Liew Chee Yoong said.
“Our country cannot afford to increase its debt level any more” as Malaysia’s total debt and liabilities of RM1.45 trillion amounted to 81% of gross domestic product. Liew said Malaysia had made a mistake by using the Belt and Road Initiative to build the East Coast Rail Link instead of the Kuala Lumpur-Singapore high-speed railway .
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