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As the second largest timber consumer worldwide, China is seen as a pivotal potential market for the woodworking sector, leading an array of businesses to look toward the country's wood industry.

As the saying goes, "trees don't grow to the sky". The Chinese economy could not conceivably continue the extraordinarily high growth rates seen earlier. An economy growing at 14 percent doubles every five years. Even at 7 percent, it doubles every 10 years. And at 6 percent, it doubles every 12 years. Creating another Chinese economy every decade or so is a huge accomplishment - especially now that the economy is already very large.

As you may have seen in the news, the administration issued an executive order yesterday that restricts entry into the United States by foreign nationals who were born in, or are citizens of Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen, even if you hold dual citizenship with another country, US permanent residence status or a valid US work visa. US citizens are not impacted by this restriction, which will be in effect for an initial period of 90 days, and may be extended or expanded.

As reverse repos worth 110 billion yuan matured on Wednesday, the PBOC effectively withdrew 70 billion yuan of funds from financial institutions.

As the financial hub of China and one of the international financial centers, much emphasis has been put on strengthening Shanghai's financial power. In line with the financial opening-up policies announced by central bank governor Yi Gang in April, the municipal government of Shanghai quickly developed 32 detailed policies in this regard.