New ECRL deal a big win for Dr Mahathir, says US economist

Dr Mahathir Mohamad has made good on his election promise to re-negotiate Chinese investments in Malaysia that are tilted in Beijing's favour, says the chairman of LIU Post’s Economics Department. – The Malaysian Insight file pic, April 15, 2019.

THE successful renegotiation of the deal with China to construct the East Coast Rail Link (ECRL) is a big win for  Prime Minister Dr Mahathir Mohamad and sets Malaysia apart from other nations dealing with the Asian superpower, says a US economist.

LIU Post Economics Department chairman Panos Mourdoukoutas, in an opinion piece for Forbes, said Malaysia had dared to do something Sri Lanka, Pakistan, and the Philippines dared not – get Beijing back to the negotiating table to reduce the cost of investment projects assigned to Chinese contractors.

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