China’s spending on overseas energy projects has dropped to its lowest in more than a decade, as the nation focuses on domestic issues and rethinks its strategy around indebtedness and the world’s energy mix. The nation’s foreign energy financing dropped by 69% to $3.2 billion in 2019, according to data from Boston University’s Global Development Policy Center. Only three nations received financing for new projects from China’s policy banks last year, compared with five the previous year. The drop underscores how a slowing domestic economy and concerns related to debt levels in recipient nations are eroding China’s ... (full story)