Belt and Road
China and Turkmenistan pledge deeper ties
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Chinese President Xi Jinping met in Beijing with Gurbanguly Berdimuhamedov, National Leader of the Turkmen People, as the two sides pledged to strengthen alignment of development strategies, expand natural gas cooperation and broaden practical collaboration in areas like connectivity. Berdimuhamedov's three-day trip marks the first visit to China by a foreign leader since this year's national two sessions.
China's trade with Peru, Chile, and Ecuador has reached record levels, driven by mineral demand and the new Chancay port. Despite US President-elect Donald Trump's threats, Beijing's economic ties in the region are strengthening under the Belt and Road Initiative.
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China's Belt and Road Initiative signed a record US$213.5 billion in new deals in 2025, a 75% increase from 2024, according to a report by Australia's Griffith Asia Institute. Investments shifted notably towards Africa and Central Asia, with energy deals comprising 43% of total engagement. The year marked both record highs in clean energy and a near threefold surge in fossil fuels to US$71.5 billion.