Chinese spending on belt and road projects remained low in first six months, report says | South China Morning Post

Chinese financing and investment under its Belt and Road Initiative remained at low levels in the first half of the year, and there was no spending at all in Russia, Sri Lanka and Egypt, a new study has found. Total financing and investment stood at US$28.4 billion in the first six months, down slightly from US$29.4 billion a year earlier, according to a report by Fudan University's Green Finance and Development Centre (GFDC) in Shanghai, released on Sunday. It was 40 per cent lower than the same period in 2019. It comes amid warnings from observers that a deepening US-China…