Maldives’ new finance minister blames China for inflating prices of infrastructure projects

The Maldives’ new finance minister said on Monday that China is executing infrastructure projects at vastly higher prices than originally proposed but there is little the island nation can do about it.
President Ibrahim Mohamed Solih’s administration, which took office this month, is reviewing contracts awarded by his predecessor Abdulla Yameen. Most went to Chinese firms and are feared to have left the country in debt.
During a five-year building spree, China built a sea bridge…