Logging bans in 14 Chinese provinces have forced Chinese wood buyers to source heavily from surrounding countries like Vietnam, where almost 90 percent of Central Highlands timber has been sold to China, according to Fordaq.
China will have to import about 50 percent of the timber it consumes this year, reported Fordaq, causing âgreat anxietyâ among Vietnamese wood products industries.
The Vietnamese wood products manufacturers fear competing with Chinese companiesâ financial capabilities and large-scale operations, according to the report.
Other countries, including Laos, Cambodia and Myanmar, have taken measures to protect their timber resourcesâall have prohibited the export of some kinds of timber.
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