March 29, 2017
China: Economy and housing market a driver for wood and wood products imports
Achieving growth was tough for Chinese policy makers throughout 2016. Even with loosened liquidity and government intervention, annual growth fell to a consistent 6.7% in the first three quarters of 2016, the slowest rate seen in 25 years. However, these numbers disguise some weaknesses in the economy. The main concern is that fixed asset investment is no longer coming from the private sector. Manufacturing overcapacity in many sectors is a burden and while the services sector did exceptionally well in 2016 the pace of expansion is unlikely to be sufficient to ...
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