China’s timber industry is accelerating driven by new policies in real estate and infrastructure

Since the beginning of this year, the Chinese government has rolled out a series of policies to support the development of real estate and household furnishing industries such as the “Notice on Several Measures to Promote Household Furnishing Consumption” and the “Circular on Optimizing the Criteria for the Recognition of Housing Units in Personal Housing Mortgage”. The effect of these policies is having an impact and driving the development of the timber market in China. China's timber enterprises saw an increase in both orders and production volume with the the Global Timber Index (GTI)-China index registering 55 ...