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Malaysia in transition

Malaysia warns foreign contractors as Chinese deals draw scrutiny

Mahathir adviser welcomes foreign investment but hits out at inflated bids

KUALA LUMPUR -- Malaysia welcomes foreign direct investment but wants no part of lopsided contracts that bring no transfers of technology, a top adviser to Prime Minister Mahathir Mohamad said as China-led infrastructure projects come under scrutiny

In an interview with the Nikkei Asian Review, Daim Zainuddin said FDI had propelled Malaysia's transformation from an agricultural economy into a manufacturing- and export-oriented country since the 1980s.

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