Najib accused of selling country with rush of China money

Chinese Prime Minister Li Keqiang and Prime Minister Najib Razak attending talks at the Great Hall of the People in Beijing in May. China will invest up to US$150 billion in Malaysia and offer 10,000 training spots. – EPA pic, August 1, 2017.

CHINA is seeking to strengthen its presence in Southeast Asia by investing billions into the building of a new deep-sea port in Malacca, targeting Chinese and international seafarers travelling along the Straits of Malacca.

The US$10 billion (RM43 billion) Melaka Gateway aims to overtake Singapore as the largest port in the region, and is the result of an alliance between Kuala Lumpur and Beijing – which has invested US$7.2 billion into the project – to increase bilateral trade and boost shipping and logistics along China’s Maritime Silk Road, said a report by Bloomberg.

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