A little Googling brought up that the name is actually 'Chinese white wax wood.
I went to another maritial arts supply site and found this:
"White Wax WoodThe wood from White Wax Wood saplings has been prized in China for thousands of years. It is an ideal material from which to fashion staffs, spear shafts, and walking sticks, because it is tough, hard and flexible and can absorb shock without breaking.Our President, Lynn Thompson was skeptical about this wood's reported virtues until he actually torture tested a White Wax Wood Bokken (wooden sword) that he had received from his friend, Gene Hauenstein, of the International Shinkendo Federation.Lynn was profoundly surprised! He beat the living hell out of that sword until his arms nearly fell off and still was unable to break it. Lynn was so impressed, he contacted our agent in China and made arrangements to bring in a bunch of first class White Wax Wood poles for our customers.Each is approximately 6 feet in length and measures 2" in diameter at the butt and tapers to approximately 1" at the tip. They are ideal "as is" for use as a virtually unbreakable spear shaft or can be cut down to your own preferred length as a walking, hiking, or training stick. Buy one, we guarantee you won't regret it."
For about $30.00 to experiment, I'm not going to jump out and try it yet.