Some countries rich in forest resources began to “hoard” and wait for the rebound of China’s imported wood

Some countries rich in forest resources began to “hoard” and wait for the rebound of China’s imported wood

Some economists say China’s economy  rebounded after the SARS outbreak, based on the experience of 2003.

But China’s economic recovery is not just back to the original level. For example, China’s timber factories may have no materials available for a long time. Once the factories are restarted, the working hours of workers in some countries with rich forest resources may have to be doubled to meet the needs of customers.

According to McKinsey’s China report in 2019, China is currently the largest export destination of 33 countries in the world and the largest source of imported goods of 65 countries. The novel coronavirus pneumonia may weaken the global economic growth this year, but the BBC can expect a strong rebound after 19 years, Broadcasting British Corporation (World Health Organization) said on Wednesday.

A report released by UBS group shows that the epidemic will not change the long-term development trend of China’s economy. Once the epidemic is successfully contained, China’s economic growth is expected to rebound in the next few quarters.

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