The central business district of Egypt’s new administrative capital, some 45km east of Cairo, is seen under construction on January 26. Egypt started the work by partnering with the China State Construction Engineering Company, as part of China's larger Belt and Road Initiative. Photo: EPA-EFE The central business district of Egypt’s new administrative capital, some 45km east of Cairo, is seen under construction on January 26. Egypt started the work by partnering with the China State Construction Engineering Company, as part of China's larger Belt and Road Initiative. Photo: EPA-EFE
The central business district of Egypt’s new administrative capital, some 45km east of Cairo, is seen under construction on January 26. Egypt started the work by partnering with the China State Construction Engineering Company, as part of China's larger Belt and Road Initiative. Photo: EPA-EFE
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

China’s overseas investment is falling just when the global economy needs it most

  • Chinese investment, in physical infrastructure especially, has been a key driver of global growth alongside its GDP contribution. Its decrease over the past few years is bad news for a global economy struggling to recover from Covid-19

The central business district of Egypt’s new administrative capital, some 45km east of Cairo, is seen under construction on January 26. Egypt started the work by partnering with the China State Construction Engineering Company, as part of China's larger Belt and Road Initiative. Photo: EPA-EFE The central business district of Egypt’s new administrative capital, some 45km east of Cairo, is seen under construction on January 26. Egypt started the work by partnering with the China State Construction Engineering Company, as part of China's larger Belt and Road Initiative. Photo: EPA-EFE
The central business district of Egypt’s new administrative capital, some 45km east of Cairo, is seen under construction on January 26. Egypt started the work by partnering with the China State Construction Engineering Company, as part of China's larger Belt and Road Initiative. Photo: EPA-EFE
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Anthony Rowley

Anthony Rowley

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London