Opposition's win in Maldives polls could deal a blow to Chinese investments

The opposition was awarded victory in the Maldives presidential election on Monday, in a possible setback for China as the new leaders of the Indian Ocean archipelago nation aim to review major projects agreed with the outgoing administration.

Incumbent Abdulla Yameen, who had cultivated ties with both Beijing and Saudi Arabia, conceded defeat after the Election Commission said opposition leader Ibrahim Mohamed Solih had won Sunday's election by a margin of 16.7 per cent.

Before the election, the opposition said it would review Chinese investment, partly out of concern over terms, as experts have warned that the Maldives risked falling