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June 2, 2020

Concerns over the evolution of China’s log demand in the medium term

Concerns over the evolution of China’s log demand in the medium term

There are some concerns about the China log market in the medium term. China’s finance minister Liu Kun said in early May that China will increase fiscal spending in 2020 to help offset the damage to economy caused by the Covid-19 outbreak, but we have yet to see any stimulus package from the China government have a material effect on log demand.

At the National People’s Congress in Beijing (May 22, 2020), Premier Li Keqiang did not announce a growth target for the Chinese economy due to factors that are difficult to predict.

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