China’s timber market picks up after announcement of stimulus measures


16 August 2023: China’s timber market grew in July, with the country’s Global Timber Index (GTI) registering 53.0%, the second time since April it has exceeded the 50% threshold, indicating growth in the sector. As reported in the latest edition of the GTI Report, the rebound came as 13 government departments in China issued the Notice on Several Measures to Promote Home Furnishing Consumption.