NEWS

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIV, Issue XXI: Homebuilders Ask Congress To Remove Tariffs On Lumber & Metals | European Companies Request Suspension Of Duties On Russian Birch Plywood | China's Plummeting Construction Starts Similar To 2015 Downturn | Is China Quitting The Economic Race?

Where is the world's largest timber suspension bridge?

Answer: Boyne Mountain ski resort in Michigan expects Sky Bridge Michigan, the world’s largest suspension bridge, to be completed in June 2022. The 1,203-ft long pedestrian bridge will span the chasm between the peak of McLouth and the summit of Disciples Ridge.

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After the publication of China's third-quarter gross domestic product numbers, economist Derek Scissors argues that China's GDP has been creeping down toward six percent growth for years and that the country's leadership might be losing interest in claiming fast-growing GDP.

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In September, China's new construction starts fell for the sixth straight month, the longest run of monthly declines since 2015. September's decline of 13.54% vs. last year marks the third month in a row of double-digit declines.

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The European Commission has been accused of driving builders across Europe to the brink of insolvency after imposing antidumping duties of as much as 15% on Russian birch plywood. Many European companies are already reeling from chronic supply shortages and a surge in inflation.

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