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Reuters
Reuters
Environment

Iraq was top target of China's Belt & Road in 2021- study

China Iraq
FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter

Iraq was the top target for China's Belt & Road infrastructure initiative in 2021, receiving $10.5 billion in financing for projects including a heavy oil power plant, a study published on Wednesday said.

In total, China's engagement through investments and contractual cooperation across the 144 Belt & Road Initiative (BRI) countries was $59.5 billion, in line with the $60.5 billion in 2020, according to the report by the Green Finance & Development Center at Shanghai's Fudan University.

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