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Eric Wong

Eric Wong

Managing Director, Canada Wood China

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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

China Economy, Construction & Lumber Shipments

October/November economic highlights: 

As the world’s second largest economy China’s growth-rate has stayed constant for the last three consecutive quarters of 2016.[i]
With the strong growth in Q4, the Central Economic Work… more

China economy, construction & lumber shipments

CHINA ECONOMIC UPDATE
September economic highlights

China’s economy remained steady in September
Real estate investments up compared to same period last year
In September, China’s overall wood imports increased compared to the same… more

China Economy, Construction & Lumber Shipments

PROPERTY MARKET
Reports indicate that Chinese property market prices rose more in August than they have in the last six years. New-home prices increased in 64 of 70 cities, marking a 9.2% increase year-on-year. In Shanghai and Beijing,… more

China Economy, Housing & Lumber Shipments

Economy
Government financial reforms could ease local government debt fears
In late June, China’s politburo agreed to fiscal and taxation reforms that were outlined
at last year’s Third Plenum, setting a deadline for implementation at… more