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China Belt and Road Spending in Russia, Sri Lanka Falls to Zero

Workers pass hoardings for the Colombo Port City, developed by China Harbour Engineering Co., a unit of China Communications Construction Co., in Colombo, Sri Lanka, in 2018.

Workers pass hoardings for the Colombo Port City, developed by China Harbour Engineering Co., a unit of China Communications Construction Co., in Colombo, Sri Lanka, in 2018.

Photographer: Atul Loke/Bloomberg
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China didn’t finance any new projects in Russia, Sri Lanka and Egypt through its Belt and Road Initiative in the first half of this year, with that drop contributing to the continued slowdown in the money being spent on the project.