Name: Malaysia Hits Brakes on China’s Corrupt Investment
Uploaded: 2021-07-02T12:19:18.000Z
Duration: 11 min 55 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

The Chinese Communist Party has a plan for world domination.

Hmm, although I think state-run media knows how to sell it.

The Communist Party's plan for world domination.

And how are they going to carry this plan out?

“The Belt and Road is how, oh oh oh oh”

Yes, nothing says “innocent, peaceful development”

The Communist Party claims the Belt and Road Initiative,

is a recreation of the global trade route,

What it means on the ground is that Chinese companies

to build things like roads, bridges, or ports.

The Chinese companies are providing this “service”

in dozens of countries—to a tune of more than a trillion dollars.

Most of the investment is in less-developed countries

so they take out a loan to pay the Chinese companies.

And that loan usually comes from a Chinese state-owned bank.

But unfortunately, it's not all sunshine and catchy songs.

Because when you take out a loan, you have to pay it back.

And a lot of countries have been ending up

while Chinese companies suck out the juicy resources

who was Malaysia's prime minister for nearly a decade.

“Malaysia's prime minister has made a habit

of attending announcements of new Chinese investments

And he's had plenty of events to attend lately.”

But Chinese state-run media were right—

Najib Razak had a lot of Chinese events to attend.

Over the past several years, Malaysia secured

So why was Najib so into Chinese investment?

it eventually seemed like the Belt and Road

But then, during Malaysia's elections this past May,

Najib was kicked out of office, and replaced

by 92-year-old former prime minister Mahathir Mohamad.

That ended six decades of one-party rule in Malaysia.

“None of our people are employed as workers.

None of our companies are used for designing

His criticism of investment from the Chinese Communist Party—

and his promise to halt or review Chinese investments—

A politician actually made good on his word.

Last week, Mahathir suspended four Chinese linked projects

worth about a total of 23 billion dollars.

of all the current Belt and Road projects.

Now, Mahatir's government will be reviewing

which the new finance minister has called

built by the state-backed China Petroleum Pipeline Bureau.

But the biggest project that's been suspended

The construction was being handled by China's state-owned

China Communication Construction Company.

a northeastern port on the South China Sea

with strategic shipping ports on Malaysia's west coast.

This is a key route linking the Belt and Road

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Malaysia Hits Brakes on China’s Corrupt Investment

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