China’s Importation of Logs & Lumber Plunged by Over 50% from 4Q2021 to 1Q2022

China’s economy weakened in the 1Q/22 as the COVID epidemic took its toll in cities such as Shanghai. US financial institutions forecast the GDP growth to range between 3-4% in 2022, less than the Chinese government’s target of 5.5% for the year. The GDP outlook is on pace to be the second-lowest, after 2020, in 45 years.