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As China Touts Green Financing and Climate Goals, Its Banks Are Pouring Billions Into Commodities From the World’s Rainforests
China plays a growing role in the future of the planet’s tropical forests, but a new report says its financial flows are going in the wrong direction.
By Georgina Gustin
Chinese banks have become the biggest international funders of companies that trade in goods linked to deforestation, a trend that could further imperil the world’s most climate-critical forests, environmental advocates say.