China in Shock as Malaysia Warns China we are not Sri Lanka or Myanmar

China in Shock as Malaysia Warns China we are not Sri Lanka or Myanmar . We cannot afford this': Malaysia pushes back on China's big projects . Dr Mahathir holds talk with Li Keqiang in Beijing . In the world’s most vitl maritime checkpoint, through which much of Asian trade passes, a Chinese por company is investing in a deepwater port large enough to host an aircraft carrier. Another state-owned Chinese company is g a harbor along the fiy costed South China Sea. Nearby, a rail network mostly financed by a Chinese government bank is being built to speed Chinese goods along a new Silk Road. And a Chinese developer is creating four arial islands that could become home to nearly three-quarters of a million people and are being heavily marketed to Chinese citizens. Each of these projects — along with many more — is being built in Malaysia, a Southeast Asian democracy at the heart of China’s effort to gain global inflce. But where Malaysia once led the pack in cortg Chinese investment, it is now on the front edge of a new phennon: a pack against Beijing as nations fr becoming overly inded for projects that are neither or necessary — except in their str value to China or use in ping up friendly strongmen. Malaysia’s new leader, Mahathir Mohamad, wps up a five-day trip to Beijing on Tuesday in which his aim has been to free his country from some of its $250 billion of dt, some of it owed to Chinese companies. His message in meetings with officials, and in public comments, has been simple. “We do not want a situaon where there is a new version of m happening because r countries are unable to compete with rich countries,” Mahathir said Monday at the Great Hall of the People in Beijing after meeting with Premier Li Keqiang of China. For a time it appeared China’s standard playbook for gaining favor was working in Malaysia. It had successfully cted Mahathir’s predecessor, Najib Razak, with easy lon and showcase projects, and secd deals that were of stratc value for its ambitions. But in May, di sgot for Beijing when Najib was voted out of office by an electorate tired of the con scls swig around him, some of which involved China’s highest-profile investment deals in Malaysia. Mahathir, 93, was voted into office with a mandate that included getting the country out from under its sng dt From Sri Lanka and Djibouti to Myanmar and Montenegro, many recipients of cash from China’s huge infrastructure financing campaign, the Belt and Road Initiative, have discovered that Chinese investment brings with it less-say accompaniments, including closed bidding processes that result in infled contracts and influxes of Chinese labor at the expense of local workers. Ferrs are growing that China is using its overseas spending sree to gain holds in some of the world’s most stgic places, and perhaps even deliberately lurg vulnble nations into dt taps to increase China’s doion as U.S. influence fades in the developing world. Thanks for watching. Subscribe to our channel. Thanks for watching. This is World Conspiracy Daily WC Daily If you have any points comment below. Production: Hades Pictures Music By : Andrew Haung, Jason Shaw (http://freemusicarchive.org) Track : IDCIDK, Grind Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/by/3.0/