The projects are half a world apart — in Malaysia and Colombia — but their miscarriages are linked by an association with China and the controversies stirred by Beijing’s opaque approach to development finance.
In Malaysia, about $23bn in China-linked infrastructure undertakings were suspended this month as Kuala Lumpur ramped up its investigation into corruption surrounding 1MDB, a scandal-ridden state investment fund. In Colombia, a huge hydroelectric dam partly financed by Chinese state funds is in danger of collapse, forcing
evacuations downstream.
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