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First wood frame housing construction license issued in China.(Trade Notes ...)

In September, China's Ministry of Construction issued its first wood frame housing construction license, which went to a subsidiary of a U.S. company. The new licensing program will allow companies to build houses without forming joint ventures with Chinese companies. The license, limited to houses with a value of $1.5 million or less, should free builders from requirements that had previously impeded most wood frame ...

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