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Chinese total investment in formerly Soviet states from 2016 through the first half of 2023 approached $80 billion, according to data published by the Eurasian Development Bank. But Beijing’s zest for foreign investment seems to be waning. Kazakhstan captured a 52 percent share, or roughly $41.9 billion, of Chinese investment in Eurasia during the seven-and-a-half-year span, the bank reported via its Telegram channel. Russia received $19.7 billion, or roughly 24 percent of the foreign direct investment (FDI) by Chinese entities. A large majority of investment went to the oil & gas sector, with…

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