China importing 15 percent less sawlogs
China imported 15 percent less sawlogs in the first half of 2012 than in 1H/2011; in addition, prices for domestic and imported softwood logs were lower than last year, reports the Wood Resource Quarterly.
China is to cut import duties on Swiss watches by 60 percent over the next 10 years under a free-trade agreement which should help reinvigorate Swiss watchmakers' sales in a key market.