GEORGE TOWN: Lim Kit Siang and Lim Guan Eng of DAP have been urged to state their stand on Chinese investments in the wake of remarks by Pakatan Harapan chairman Dr Mahathir Mohamad opposing such investments.
Penang Barisan Nasional chairman Teng Chang Yeow said Dr Mahathir’s remarks sent the wrong message to foreign investors and had affected investor sentiment.
“China is the biggest economy now, and Mahathir’s stand will affect all trade between Malaysia and China,” said Teng at a press conference. “I give them 24 hours to condemn Mahathir for making such remarks and urge him to withdraw it.”
Teng said both DAP leaders could ill-afford to remain silent. “I hope they will be bold enough to tell Mahathir off.” Otherwise, it would be deemed that they support Mahathir’s remarks to halt investments from China and economic activities with China.
He described Mahathir’s statements as lies and contained elements of hatred towards the Chinese, when he made remarks such as “Chinese investments were taking away job opportunities for locals” and an accusation of “China’s economic colonisation”.
Teng, who is head of Penang Gerakan, also accused PH leaders of trying to sabotage the federal government’s efforts at attracting investments and boosting the country’s economic growth.
Dr Mahathir had been quoted in an Associated Press interview as saying that a Pakatan Harapan government would review Chinese investments and stop borrowing from China.
He said Malaysia had borrowed heavily from China and might be unable to repay the loans.
“We feel that we should stop borrowing. We will try to renegotiate the terms of the borrowing,” he was quoted as saying. “In the case of projects, we may have to study whether we would continue, slow down or renegotiate the terms”.
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