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Chinese banks have been accused of financing deforestation around the world


Chinese banks have been accused of financing deforestation around the world
Chinese banks are the second largest financiers of raw materials mixed in tropical forest deforestation, according to a study that questions Beijing’s intentions to become a world leader in the fight against climate change.
A global coalition of non-governmental organizations, according to data analyzed by Forests & Finance, reported that between January 2016 and April 2020, Chinese organizations provided $ 15 billion to companies trading in deforestation-related goods in Southeast Asia and subscription services. Brazil and Africa.
Chinese companies engaged in the trade of dough and paper, palm oil, soybeans, rubber and timber work abroad and are often financed by Chinese banks, highlighting the international footprint of the country’s financial sector. Brazil had the largest amount of financing related to deforestation, but most of the loans were granted within the country. ....

Tom Picken , Bank International Settlements , Southeast Asia , President Xi Jinping , State Bank , International Settlements Survey , டோம் பிக்கேன் , வங்கி சர்வதேச குடியேற்றங்கள் , தென்கிழக்கு ஆசியா , நிலை வங்கி ,