Will China Save Malaysia’s PM?

What price will Malaysia pay as the embattled 1Malaysia Development Bhd, the state-backed investment fund, sells power plants to China General Nuclear Power Corporation? Or, for that matter, China’s promise to buy lots of Malaysian government bonds to prop up the ringgit when its weakness has become a major political liability for Prime Minister Najib Razak? The currency has lost more than 20 percent of its value in the past year.

Read →

Comments on this post are for paid subscribers