Deputy Minister of International Trade and Industry Ong Kian Ming speaks during a forum on China’s Belt and Road initiative in Kuala Lumpur March 8, 2019. — Picture by Yusof Mat Isa
“I would say this is an indication that standards of transparency and good governance need to be practised by all countries who want to undertake projects, be it the BRI or not,” Ong said during the launch of the Standard Chartered Belt and Road Relay. “This is in part due to the ongoing China-United States trade war which increases costs in China, as well as its desire to have a greater global footprint,” Ong said.
His remarks on the lessons learned from the BRI is in reference to rising concerns about its participating countries falling into debt traps.
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