It's a proud moment for the citizens of Malaysia. They should pat one another on the shoulders. If you listen to Dr Mahathir's speech posted above, he is going after all the wrong policies, stating that China is NOT the only problem. He says China likes to deal on unequal terms, and he will want to study the agreements that the government has signed with China.
I'm surprised that a 92-year old man can speak so coherently, and is still sharp on matters of the state.