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Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / China / Global
September 12, 2018

Southwest China to see US$ 3.3 billion investment in timber ports and processing zone

Southwest China to see US$ 3.3 billion investment in timber ports and processing zone
A cooperation and investment agreement was recently signed between China Forestry Group Corporation and the administration in Ba’nan district of Chongqing municipality.     An investment of RMB23 billion (US$ 3.3 billion) will be used to build timber trade ports, a timber processing zone and a wood products demonstration and trading centre in Western China.    Currently in China the timber ports and industrial zones are mainly distributed in coastal areas and along the border areas and there is a gap in the southwestern regions of China.    The new ...

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