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China seen slowing spending on Belt and Road energy projects

China Focus

China seen slowing spending on Belt and Road energy projects

Bloomberg Published on Tue, Mar 13, 2018 / 8:06 AM GMT+8

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(Mar 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 ($18.8 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.