Malaysia committed to being part of China’s Belt and Road initiative, says deputy minister
PublishedDeputy Minister of International Trade and Industry Ong Kian Ming speaks during a forum on China’s Belt and Road initiative in Kuala Lumpur March 8, 2019. — Picture by Yusof Mat Isa
However, Ong said despite BRI’s positive achievements, concerns over debt, sustainability and transparency had arisen among participating countries. However, Ong said it would be unfair to place the blame of the debt incurred as a result of BRI-related projects solely on the Chinese parties involved.
Meanwhile, Standard Chartered Asean and South Asia chief economist Edward Lee said Malaysia was set to benefit from the BRI, especially in the commodities, chemicals and plastics, and the electrical and electronics sectors.
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