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Spending speed bumps hit China’s massive Belt and Road project

“It was always going to be about the numbers. In the first half of 2018, China’s foreign direct investment in the Belt and Road Initiative dropped 15% compared to the same period last year. Spending edged down to US$7.68 billion, which was 12.3% of total FDI from January to June, the Ministry of Commerce stated. ‘Newly signed contracts amounted to $47.79 billion,’ the ministry confirmed without revealing further details.”

Source: Spending speed bumps hit China’s massive Belt and Road project | Asia Times

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