In 1H 2025, China’s investment in countries involved in the Belt and Road Initiative hit a record USD 124 billion, Nikkei Asia reported, citing a report by the Green Finance and Development Centre at Fudan University.
According to the study, total investment more than doubled year on year. The main factor behind this growth is a strategic shift in priorities: whereas transport infrastructure used to dominate, the focus has shifted towards the energy sector and extractive industries.
In particular, investment in the energy sector reached a historic high of USD 44 billion, while investment in the mining industry hit USD 24.9 billion. At the same time, the share of transport projects fell to 7.2% of the total, down from 28% in 2018.
The largest amounts of financing went to Africa (USD 39 billion) and Central Asia (USD 25 billion). Major contracts include a deal to build a gas processing plant in Nigeria, as well as investments in Kazakhstan’s aluminium and copper industries.