China's logs, lumber and woodchips imports have been ascending rapidly and reached very high values. Between 2012 and 2017, the country's imports of logs (both softwood and hardwood) went up by 42%. At the same time, hardwood chips imports increased by 59%, while the imports of lumber rose by 81%, during the mentioned period. According to WoodWeek, over the past 15-20 years, the excessive and often very wasteful surge in construction activity in China was made possible by lax lending standards, including the rise of the “shadow banking” sector ...
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