China’s overseas loans pose risks to biodiversity and indigenous lands, US study shows

Around two-thirds of China’s overseas lending in the past decade posed risks to the environment, a new study has found.The findings highlight the need for the policy banks of China, a top source for global development finance, to build robust due diligence and better mitigate risks associated with their loans, US-based researchers behind the study said.As much as 63 per cent of nearly 600 Chinese-financed projects from 2008 to 2019 overlapped with ecologically sensitive areas and indigenous…

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