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China’s Policy Banks Stopped All Funding For Overseas Energy Projects Last Year

The once seemingly endless flow of Chinese money to fund energy projects throughout the Global South reached a milestone in 2021 when it dropped to zero, according to new research from Boston University’s Global Development Policy Center.

A trio of BU researchers found that the dramatic downturn in energy financing by the China Development Bank (CDB) and the China Exim Bank (CHEXIM) marked the culmination of a trend that had been well underway since 2016 when the two banks doled out more than $35 billion in energy loans.

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