China’s flagship overseas infrastructure finance programme the Belt and Road Initiative increased by three-quarters to a record $213.5bn in 2025 as Beijing sought to take advantage of wavering US influence around the world by pouring funding into development projects.
The surge in new investment and construction deals was dominated by gas megaprojects and green power, according to research by Australia’s Griffith University and the Green Finance & Development Center in Shanghai. Beijing signed 350 deals last year, up from 293 worth $122.6bn in 2024.
The boom in investment comes as tensions between the US and China over trade and technology disrupt supply chains and President Donald Trump’s military interventions roil global energy markets.
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