In the case of the forest project, China can take up to 40 years to repay the loan, at less than one percent interest per year.

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In 1998, China revised its Forest Law by imposing a logging ban on forests in natural reserves.

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The increase, equal to more than 150, 000 square miles, or an area almost three times larger than New York state, would be based on China's forest cover in 2005.

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If you want to invest in China, Sino-Forest appears (or appeared) to be among your best bets.

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In the main Beijing office, a homely red-painted house in a courtyard littered with bicycles, visitors would be handed staff cards printed on recycled paper and given metal reusable chopsticks, together with a lecture on how much of China's virgin forest was disappearing for wooden chopsticks every year.

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