The decade-long era of the "China bid" has finally hit a structural floor, ending the reliable safety net that once supported global timber prices during Western downturns. Newly released data from the National Bureau of Statistics reveals that housing starts plummeted 17% in March to 53 million square metres, a decline that has effectively halved China’s softwood imports from their pre-pandemic highs. With Q1 real estate investment tracking 11.2% below 2025 levels and residential sales revenue sliding 18.5%, industry forecasts have ruled out any meaningful demand rebound before 2027. The "broken engine" of Chinese ...
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