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Climate: China’s fossil silk road investments hit a new high

China nearly doubled its investments in the Belt and Road Initiative in 2025, reaching a record level. Investments and construction contracts in the oil and gas sector dominate Beijing’s overseas engagement.

Nico Beckert
19. January 2026
As part of the New Silk Road, China is increasingly supporting the fossil fuel sector, such as an oil refinery in Kuwait. (IMAGO / Xinhua)

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Last updated: 19. January 2026

China New Silk Road Energy Fossil fuels Fossil investments Renewable energies