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Climate in Numbers: China’s Silk Road fossil fuel investment at all-time high

China invested almost twice as much in the New Silk Road in 2025 as in the previous year. Investments and construction contracts in the oil and gas sector dominated China’s foreign investment activity.

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

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Last updated: 20. January 2026

China New Silk Road Energy Fossil fuels Fossil investments Renewable energies