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Chinese state builder goes global with Belt and Road projects

New regulations imposed to slow public-private partnerships at home

Malaysian Prime Minister Najib Razak and Transport Minister Liow Tiong Lai look at a model of the East Coast Rail Line at Kuantan Bahang, Malaysia on Aug. 9.   © Reuters

HONG KONG -- China Communications Construction is counting on President Xi Jinping's Belt and Road Initiative to accelerate its global expansion amid tightening regulations at home.

In early August, the state-owned rail and road builder commenced an $11 billion project to build a 688km railway in Malaysia's east coast, one of the largest projects by investment scale since the Chinese initiative spanning 65 countries was announced in 2013.

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