News Snapshot:
SHANGHAI: Saudi Arabia has been the biggest recipient of Chinese Belt and Road investments, which fell slightly in the first half compared to a year earlier, with no new coal projects in Russia, Egypt and Sri Lanka falling to zero. Saudi Arabia received 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. President Xi Jinping launched the Belt and...
