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| Behold, Mahathir's "hit list" of PRC-supported Malaysian infrastructure projects. |
Well, perhaps that's the story in most instances. Consider the nonagenarian Mahathir Mohamed regaining power in Malaysia. Politically speaking, he has every incentive in the world to disown the China-sourced mega-projects that disgraced former PM Najib Razak signed up for. The explanation for doing so on his part would be simple: Razak was corrupt. These projects with the Chinese were arranged via opaque means. Therefore, reducing corruption means discontinuing PRC projects in Malaysia.
Indeed, that appears to be Mahathir's line of argument nowadays as Chinese infrastructure deals come under fire from him:
But where Malaysia once led the pack in courting Chinese investment, it is now on the front edge of a new phenomenon: a pushback against Beijing as nations fear becoming overly indebted for projects that are neither viable nor necessary — except in their strategic value to China or use in propping up friendly strongmen.
At the end of a five-day visit in Beijing, Malaysia’s new leader, Mahathir Mohamad, said on Tuesday that he was halting two major Chinese-linked projects, worth more than $22 billion, amid accusations that his predecessor’s government knowingly signed bad deals with China to bail out a graft-plagued state investment fund and bankroll his continuing grip on power.His message throughout his meetings with officials, and in public comments, has been unambiguous. “We do not want a situation where there is a new version of colonialism happening because poor countries are unable to compete with rich countries,” Mr. Mahathir said on Monday at the Great Hall of the People in Beijing after meeting with Premier Li Keqiang.
What you have to remember is that, during the Eighties and Nineties, Mahathir was actually one of the Asian leaders at the forefront of welcoming China to participate in regional affairs. To counterbalance Western influence, "non-alignment" meant grooming alternative champions...like China. Fast-forward to the present time and you now have concerns that their engagement with the rest of the world--no longer just Asia--is too lopsided in their favor. That is, China has become too influential for its own good in using it to corrupt others:
Mahathir appears to have left behind his PRC-accommodating days long behind after seeing the true costs of letting the PRC run rampant. They hardly show signs of being better than the Westerners that preceded them for all their talk about mutual development. Leave lackey-ism for gullible clowns like the Philippines' Rodrigo Duterte; Mahathir's done with that sycophancy act--or at least that's what he wishes to convey.Chinese infrastructure projects could be axed amid concerns over economic viability, suffocating debt (US$250 billion), transparency of the contracts and domestic political pressure. As a result, Malaysia, a top trading and investment partner of China, has surprisingly emerged as a new vortex of scepticism and resistance against Beijing’s growing influence in Southeast Asia.Initially, many thought that Mahathir’s tough statements on Chinese investments were either election sloganeering to besmirch his China-friendly predecessor or part of a deliberate strategy to renegotiate large-scale infrastructure projects with Beijing for more favourable terms.
What’s becoming increasingly clear, however, is that Malaysia’s new government is revisiting the whole development blueprint of its predecessor and is intent on reconfiguring overall relations with China.
Having set the trend of sucking up to China, will Mahathir's budding apostasy signal a newer trend of quitting it?
