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China’s Belt and Road Initiative to trade mega projects for high-quality winners

According to analysts, China will focus more on project quality to mitigate risk with its Belt and Road Initiative as it confronts a geopolitical rivalry with the U.S. Investment projects have shifted from mega infrastructure projects in earlier days to smaller and more efficient green energy, healthcare, and digital projects. Investments had also been shrinking in some African and South Asian countries, and there was no investment last year in 14 countries, including Angola, Nepal, Russia, and Sri Lanka, while Singapore and Saudi Arabia received the most investments in 2022.