China’s promised trillions for the Sabah pipeline were empty rhetoric
Tom KirkmanIndependent Project Manager
Busted. Seems the promised “trillions” of investment from China in exchange for the Sabah pipeline are empty rhetoric.
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“Claims by Najib Razak that Malaysia would get trillions from China in the form of investments and trade, in exchange for an oil and gas pipeline project in Sabah are untrue.
Finance Minister Lim Guan Eng has revealed that contrary to what the ex-prime minister claimed, these so-called benefits were never stated in Cabinet documents that okayed the project.
The RM9.4 billion pipeline had skirted government regulations but Najib on June 5 defended the project, saying that China had committed to importing goods worth US$2 trillion over the next five years from Malaysia.
Najib also said China would invest up to US$150 billion in Malaysia and offer 10,000 places for training and studies in various institutes in China.”
Lim said Treasury officials and the Chief Secretary to the government have combed through Cabinet papers and other government documents in search of these pledges.
“All officials asked have stated that these claims by Dato’ Seri Najib are untrue,” Lim said in a statement. …”