Tag: Chinalinked
Malaysia’s China-linked multibillion-dollar ghost town project stalled by Covid and capital curbs
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Forest City, a US$100-billion property development by a China-linked company in southern Malaysia, was built to house up to 700,000 people once completed in 2035. But the huge residential and commercial project resembles a ghost town today, with an estimated 2,000 residents living on the site. The clampdown on capital outflows from China and the Covid-19…