Wikipedia says : The bamboo species used for cot sheets is called Moso bamboo. Moso bamboo is the most important bamboo in China, where it covers about 3 million hectares (about 2% of the total Chinese forest area). It is the main species for bamboo timber and plays an important ecological role.
Once a new shoot emerges from the ground, the new cane will reach its full height in just eight to ten weeks. Each cane reaches maturity in three to five years. It is a grass and so regenerates after being cut just like a lawn without the need for replanting. This regular harvesting actually benefits the health of the plant—studies have shown that felling of canes leads to vigorous re-growth and an increase in the amount of biomass the next year.