News Snapshot:
SHANGHAI: China’s financial and investment spending in the 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 found. Saudi Arabia was the largest recipient of Chinese investment in the period, with about $5.5 billion, according to the Shanghai-based Green Finance and Development Center (GFDC) in research published Sunday. Total financing and investment for the period was $28.4 billion, down from $29.6 billion a year earlier, bringing total cumulative spending on Belt and Road since 2013, to...
