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These Charts Explain Why China is Cutting Back on Spending For BRI Projects

There’s been a lot of discussion in recent months about the sharp curtailment of Chinese spending for Belt and Road projects. New data released on Tuesday by the Ministry of Finance might provide some insight as to why.

The budget deficits across all levels of government in China reached an all-time high in the first nine months of the year, brushing up against a trillion dollars.

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