- Malaysia's new Prime Minister Mahathir Mohamed has repeatedly said he will be reevaluating Chinese investments in the country, including those that are part of Belt and Road Initiative.
- This week, Malaysia's finance minister said it is referring payments worth $2 billion for Chinese-built pipelines to the anti-graft commission because of a potential connection to a financial scandal linked to former Prime Minister Najib Razak.
- The probe could be a bad sign for other Chinese investments, including a $14 billion railway joining Malaysia's coasts.
- Chinese think tanks and state-funded firms closely watched the live results of Malaysia's election in May and seemed concerned about the future of foreign investment in the country.
Since gaining independence from Britain in 1957, there had never been a change of power in Malaysia — until last month.
Malaysia's opposition alliance staged a historic win at the ballot boxes, seizing power from the incumbent Prime Minister Najib Razak who had been plagued with financial scandals. Instead, voters picked the 92-year-old opposition figure and former prime minister, Mahathir Mohamad.
See the rest of the story at Business Insider
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