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January 21, 2019
Global lumber market affected by slowing Chinese economy and trade disputes
As a result of the Chinese economy going down and the trade disputes the country has with the U.S., the global lumber market slowed down significantly during the 2nd half of 2018. As reported by Benzinga Lightning Feed, the United States has cultivated a strong export market for lumber products in China. The American Hardwood Export Council (AHEC) predicted that in the near future 60 percent of American hardwood goods will be exported from the U.S., with 54 percent of exports bound for China. In 2017, China imported $8.83 ...
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