fell to $28.4bn over the first half of 2022, down from $29.4bn during the same period last year, according to a study by the Green Finance & Development Center at Shanghai’s Fudan University.
BRI was formally adopted in 2013 as part of efforts by Beijing to expand its influence across Asia, Africa, South America and parts of eastern Europe. But spending has been decreasing since 2017, as a result of China introducing strengthened capital controls and controversies surrounding several projects which had encountered difficulties.
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