market-liberal China watcher
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South China Morning Post · China (Hong Kong) · Belt and Road runs hottest ever, $213bn in 2025, tilting to energy, mining and tech
Reports the record $213bn year and reads it as a recovery from the post-2021 retrenchment, driven by metals, mining, fossil fuels and new technology rather than the debt-heavy megaprojects of the first BRI decade.
“China signs record US$213 billion of new 'belt and road' deals in 2025 as mining and energy surge.”