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Eric Wong

Eric Wong

Managing Director, Canada Wood China

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China Economy, Construction & Lumber Shipments

2017Q3 highlights[i]:

GDP growth in Q3 is 6.8% (YOY), maintaining strong growth between 6.7% to 6.9% consecutively for 9 months.
Consumption is 64.5% of GDP, increased by 2.8% compared to 2016.
Fixed-asset investment in Q1-3 is 45,847.8… more

China Economy, Construction & Lumber Shipments

2nd quarter highlights: 

GDP of 2nd quarter expanded 6.9% year-on-year
Industrial output was up 7.6% in June year-on-year which beat the estimated 6.5% increase
Fixed-asset investment rose 8.6% in the first half of this year which also… more

China Economy, Construction & Lumber Shipments

March highlights: 

China plans to build a “first-class international city” called “Xiong’an New Area” from scratch which will cover 2,000 square kilometers, making it almost 300% larger than New York City or Singapore;… more

China Economy, Construction & Lumber Shipments

February economic highlights: 

China has lowered its expectation for economic growth to around 6.5% in 2017 which is still in line with analyst predictions.
The budget deficit target is at 3% of GDP in 2017, while the target for China… more

China Economy, Construction & Lumber Shipments

January economic highlights (China): 

China’s economy situation was generally positive in 2016 thanks to a growth in consumers spending and a property market rebound.
GDP grew 6.8% year-on-year during Q42016, which is slightly more… more

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