New investment in Russia through Chinas Belt and Road Initiative (BRI) fell to zero in the first half of 2022, while Chinese outlays in Pakistan dropped by 56 per cent during the same period, the media reported.
According to the RFE/RL, these are the findings of a new report from the Green Finance and Development Center at Fudan University in Shanghai, which point to growing headwinds facing Chinese President Xi Jinping’s signature foreign policy venture that he once dubbed “the project of the century”.
Both Russia and Pakistan have been among the top beneficiaries of Chinese development spending through the BRI.
