Up to sovereign gov'ts to decide on taking loans - Dr M on 'debt-trap diplomacy'

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Up to sovereign gov'ts to decide on taking loans - Dr M on 'debt-trap diplomacy'
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At least China is not colonising other countries like 'Europeans of yesteryear' while spreading its influence, the premier tells an interview.

It is the sole prerogative of sovereign governments to decide on the amount of foreign loans they want to take on after weighing their options and capabilities, said Prime Minister Dr Mahathir Mohamad.

"So, it is up to the countries concerned to make sure that the money flowing into their country is not borrowed money, is money for infrastructure, but may be limited to money for investment in productive processes. "It is all up to us," he was quoted saying, further dubbing the Chinese as"very good business people by nature".

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