- July 2, 2013
Profiting from Precaution
The Chinese banks’ liberal purse strings have been largely embraced by host country governments that have had trouble accessing international capital markets and lending from the international financial institutions for projects in infrastructure, energy, and mining. Yet some Chinese projects have met with political and social resistance in host countries on grounds that Chinese lending practices do not incorporate adequate social and environmental safeguards.
To help narrow this gap and encourage improved environmental standards worldwide, this policy memorandum identifies Chinese overseas environmental standards and compares them to those of the Western-backed lenders. The memorandum also aims to demonstrate why meeting—and beating—domestic and global environmental standards could be a shrewd business decision for China and its banks.
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