Wood group looks to Russia

The Manzhouli Lianzhong Group, China's largest timber and frame-housebuilding company, is leading a project with Russia to develop forest resources.

The project, worth more than 1.5 billion yuan ($218 million), will seek to construct comprehensive bases in both countries for wood processing, storage and trade, according to Lu Baodong, vice-mayor of Manzhouli city in northern China's Inner Mongolia autonomous region.

Next to Russia, which is rich in forest resources, Manzhouli has been China's biggest land port for wood imports for 16 consecutive years.