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The as soon as seemingly infinite stream of Chinese language cash to fund vitality initiatives all through the International South reached a milestone in 2021 when it dropped to zero, in accordance with new analysis from Boston College’s International Improvement Coverage Middle.
A trio of BU researchers discovered that the dramatic downturn in vitality financing by the China Improvement Financial institution (CDB) and the China Exim Financial institution (CHEXIM) marked the end result of a development that had been properly underway since 2016 when the 2 banks doled out greater than $35 billion in vitality loans.
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