China signs record US$213 billion of new ‘belt and road’ deals in 2025: report

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In 2025, China's Belt and Road Initiative saw a record US$213.5 billion in new deals, a 75% increase from 2024, according to a report by the Griffith Asia Institute. This brings the cumulative investment and construction contracts to US$1.4 trillion across 150 countries since the initiative's launch in 2013. The initiative focused on energy, accounting for 43% of China's total engagement, with a notable rise in both clean energy and fossil fuel investments. There was also a significant increase in mining and minerals engagement, reaching US$32.6 billion, particularly in Kazakhstan. The initiative's focus shifted towards Africa and Central Asia.
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