Environmentalists say Beijing is exporting a highly polluting model of growth

China will host a trillion-dollar investment summit this weekend amid rising concerns that its funding of overseas coal projects could swamp efforts to keep global warming to less than 1.5C.

The Belt and Road forum, which opens on Friday in Beijing, has been billed by climate campaigners as a pivotal moment that will determine whether China uses its vast financial weight to nudge the world towards renewable energy or continues to promote expansion by its own fossil fuel companies.

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