China signs record US$213 billion of new ‘belt and road’ deals in 2025: report

China’s ambitious Belt and Road Initiative gained further traction in 2025, with a record US$213.5 billion of new deals signed as projects in metals, mining, fossil fuels and new technologies surged, a report by the Griffith Asia Institute has found. The value of new deals confirmed under China’s global infrastructure strategy rose 75 per cent last year compared with 2024, with a notable pivot towards investment in Africa and Central Asia, according to the report released on Sunday. China has...