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China ramps up Belt and Road deals amid US competition

China boosted Belt and Road Initiative (BRI) deals 75 per cent last year to a record US$213.5 billion as the country sought access to raw materials and pivoted investments towards Africa and Central Asia. Energy-related projects in China’s flagship global infrastructure programme more than doubled in the period to US$93.9 billion, led by oil and gas developments, according to the Australia-based Griffith Asia Institute. Overall deal sizes also i…

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South China Morning Post broke the news in Hong Kong on Tuesday, January 20, 2026.
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