China increases Middle East investment as US backs out of region
A new report found that China has stepped up investment in the Middle East, using energy and construction contracts to increase its influence in the region. The report released Wednesday by the Green Finance & Development Center at Shanghai's Fudan University looked at China’s investment in its long-running Belt and Road Initiative (BRI), which aims to recreate the Silk Road for the modern age. Overall 2021 BRI investment dropped from $60.5 billion […]