China seen slowing spending on Belt and Road energy projects

(March 13): China’s thirst for overseas energy investments is slaking, at least by one tally.

The nation’s financing for so-called Belt and Road Initiative energy projects dropped 28% to US$14.3 billion last year from US$19.9 billion, according to data released Monday by Boston University’s Global Development Policy Center. Spending last year included investments in gas pipelines in Malaysia, coal power plants in the Pakistani desert and an oil terminal in Bangladesh.

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