马来西亚

Malaysia and China to tap Borneo resources

China and Malaysia yesterday signed a deal to build large projects in a controversial development corridor in resource-rich Borneo, one of the world's last great wilderness areas.

Najib Razak, the Malaysian prime minister, said the agreement could result in projects worth $11bn (€7.6bn, £6.9bn) in the Sarawak corridor of renewable energy, which runs along the northern coast of the island his nation shares with Indonesia and Brunei.

Mr Najib said the deal was signed in Kuala Lumpur by the China State Grid Corporation, the country's leading power transmission and distribution company, and 1Malaysia Development, an agency the prime minister set up to promote economic development and attract foreign direct investment.

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