Japan is out! Malaysia’S $12 Billion High-Speed Rail Project Completely Fails, Will China Take Over?

#china #ChinaNews #Asia #project #japan #malaysia #railway 📝📝📝 ----- For a long time, railways have not only been a key link between different countries and cultures, they now symbolize a country’s technological strength and international influence. In Southeast Asia, Japan has become a strong rival of China in the field of infrastructure construction. The two Asian giants are competing fiercely on almost all important railway projects in Southeast Asia, including the Jakarta-Bandung High-Speed ​​Railway, Thailand High-speed Railway, Vietnam High-speed Railway, and a series of other standard railway construction projects. But on January 12, 2024, Japan made an important decision. Japan will completely withdraw from the high-speed rail project connecting Kuala Lumpur and Singapore due to a lack of financial support from the Malaysian government and high project risks. It is worth mentioning that Japan provided loans of up to US$10 billion when bidding for the Indian high-speed rail project, with interest rates as low as 0.1% and allowing long-term repayment of 50 years, of which the first 15 years are interest-free. The Japanese government is known to be extremely cautious in lending, lending money only to projects that are expected to bring significant returns. Why did Japan suddenly abandon the Singapore-Malaysia high-speed rail project? Will China have the opportunity to become the successor of this project in the future? Welcome to the World Answer channel! 😊😊😊 ✅We are committed to providing you with the latest events and stories in today’s world in a timely manner, while maintaining absolute neutrality and transparency. Feel free to subscribe to our channel and explore this diverse and complex world with us. 👁👁About: At World Answer, no shady corporations, no one telling us what to say. Our mission is to present key information quickly and concisely so you can dig deeper into the news and insights that matter to you. But some of the views in our video content may be one-sided, if you spot one, please let us know and we’ll be happy to continue the discussion with you! -------------------------------------------------- ✅✅Disclaimer: The content of this channel is independently produced by individuals and has nothing to do with any organization or government. -------------------------------------------------- ✅✅✅ In accordance with Section 107 of the Copyright Act 1976, we may use some content of other creators in our videos mainly for educational and research purposes. If you would like us to remove your work from the video, please feel free to contact us and we will comply with your request. Thank you for your support and understanding!