China Belt & Road spending dips in H1, with no investment in Russia – research – Reuters.com
- Date: 25-Jul-2022
- Source: Reuters
- Sector:Financial Services
- Country:Egypt
China Belt & Road spending dips in H1, with no investment in Russia – research – Reuters.com
SHANGHAI, July 25 (Reuters) - China's finance and investment spending in Belt and Road countries fell slightly in the first half compared to a year earlier, with no new coal projects and investments in Russia, Egypt and Sri Lanka falling to zero, new research showed.
Saudi Arabia was the biggest recipient of Chinese investments over the period, with about $5.5 billion, according to the Shanghai-based Green Finance and Development Center (GFDC) in research published on Sunday.
Total financing and investment stood at $28.4 billion over the period, down from $29.6 billion a year earlier, bringing total cumulative Belt and Road spending to $932 billion since 2013, GFDC said.
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