Malaysia Suspends Key Chinese Rail Project.
Tonight’s live stream discussed the resignation of EPA chief Scott Pruitt, the Fed minutes from their June meeting, Trump’s rally in Montana this evening and the Malaysian suspension of a $20 billion Chinese belt and road rail project.
The rail project when (if) completed would traverse nearly 700 km and connect the South China Sea with the Malay peninsula. The deal was suspended by the new Malaysian government that is reexamining deals made by the prior administration. We also discussed the possibility of the QUAD or other financing entities bidding on the project.
Please have a listen.
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