China spends US$50 billion to secure energy resources in three months

China spends US$50 billion to secure energy resources in three months

David Nealis President of Ceres Ltd

In the past three months, China has spent more than US$50 billion in energy and infrastructure deals, which

include agreements worth US$30 billion signed with Kazakhstan, US$15.5 billion in Uzbekistan and US$1.5 billon with Belarus.

China has been heavily investing in foreign energy projects as the country tries to address its growing local power demands.

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