Belt and Road a risky ride, says economist

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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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Parti Politik BAPAK pengkritik now dah jadi complicit.

Opt for other means instead of rail lines...its just too costly for us now. In terms of maintainance itself will burden us all. Explore other means to stimulate domestic economy...a more realistic ones which we can afford without incur further borrowings.

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