US Dollar Exchange Rates of
China Yuan 6.784
Report from China
Guidelines on sustainable management of national
The National Forestry and Grassland Administration has
released a guideline on sustainable management of
national forest reserves.
A government statement says “With the goal of cultivating
a healthy, stable, high-quality and efficient forest
ecosystem the "Guide" proposes a framework system,
planning and design system, classified cultivation system
and comprehensive management for the sustainable
management of national reserve forests based on the
business philosophy of close to nature.
Combining the natural development process and
management characteristics of forests to divide stand
development stages to realise large-diameter timber
production; divide national reserve forests into
management type groups to realize classified
management; propose management parameters, operation
methods and methods for 135 major national reserve forest
tree species The economic evaluation method realizes
precise cultivation and is generally advanced and
The release of the Guidelines is aimed at implementing the
requirements of the State Forestry and Grassland
Administration's 2015 Central Document No. 1 and the
"Overall Plan for Ecological Civilization System Reform"
on the construction of the national reserve forest system.
Output value of national forest industry
According to a statement at a recent national conference
the output value of China’s national forest industry in
2022 totalled RMB8.04 trillion (US$1.17 trillion). The
country is now among the world's leading players in terms
of the scale and growth rate of its forestry industry.
China has continuously expanded the range of its forest
products. At present there are over 10,000 different kinds
of wood and bamboo products available across the
country. China has meanwhile planted over 6.67 million
hectares of bamboo. With an annual output value
approaching RMB320 billion, the country's bamboo sector
has helped over 15 million people working in the industry
to earn annual per capita income of more than
Over the past 10 years China has planted 40 million
hectares of commercial forests with the output value of
commercial forestry products surpassing RMB2.2 trillion,
more than twice that of a decade ago.
China has pursued the high-quality development of its
forest. The annual output value of the three major subsectors
of the forest industry, wood and bamboo,
commercial forest products and forest-related tourism has
come to exceed over RMB1 trillion.
Chenglingji the new designated port for imported logs
Chenglingji Port has been designated as a new port for
imported logs. Chenglingji Port is one of the eight deep
water ports on the Yangtze River and the only national
first-class Port in Hunan Province.
The Yangtze River has 163 kilometers of river bank in
Yueyang of which almost 12 kilometres is within the
scope of Chenglingji New Port area. Supervision will be
within the Chenglingji Xingang Customs Supervision
Zone extending over some 420 square metres and divided
into three zones: inspection fumigation and wharf
After the project is officially operational more than 1
million cubic metres of logs can be directly imported
annually and this is expected to generate savings of more
than 40 million yuan in logistics costs for the enterprise
every year. At the same time 40,000 TEU containers of
imported logs will be handled yearly.
Industrial wood processing centre for Guigang City
Guigang City, Guangxi Zhuang Autonomous Region has
establishied 66,700 hectares of national forests in order to
create a ‘wood capital’ for South China. The entire supply
chain will be accommodated. At present and there are
more than 3,500 enterprises involved representing the
whole supply chain for wood processing.
At present, 9 upstream and downstream industries have
been established in Guigang City producing rotary veneer,
wood panels, veneer, furniture parts, panel furniture along
with hardware and adhesives.
Centralised procurement of African timber
A timber trading centre in Dongyang City, Zhejiang
Province has been cooperating with African enterprises for
many years and cooperated signed agreements worth
RMB7.65 million during the Forum on China-Africa
Economic and Trade Relations and China-Africa Cultural
Cooperation and Exchange Week.
The Dongyang Wood Trading Center is a wood import
trading and distribution platform integrating imports,
trade, processing, bond, storage, logistics and financial
services. The wood supply chain has been shortened and is
saving enterprises around 10% in logistics costs through
centralised procurement and unified logistics
Currently 64 leading companies have entered the trading
centre trading over 30 timber species from more than 20
countries. From January to November 2022 the value of
warehousing transaction was RMB3.4 billion, the value of
invoice-issuing transaction was RMB2.2 billion and the
value of bonded trade was RMB2 billion. Centralised
procurement of African timber in the Dongyang Timber
Trading Center supports expansion of furniture production
as the entire industrial supply chain has been constructed.
Global Timber Index (GTI) Report
In December 2022 the Global Timber Index (GTI)
Report showed that the global timber market was still
under the effects of uncertainties in the global economy
and declining global demand.
The GTI index for the timber producing countries
Malaysia, Gabon, the Republic of the Congo, Brazil and
Mexico in December was below the critical level of 50%,
which represents that timber production and
operations declined from the previous month.
On the supply side, except for Mexico whose
timber harvesting, process and manufacturing activities
weree picking up, the lower rates of harvesting and
production in Malaysia, Gabon, the Republic of the
Congo and Brazil continued. Weak international demand,
amongst others, is still a problem that plagues these
In addition, the GTI participating enterprises in Malaysia,
Gabon, the Republic of the Congo and Brazil also
expressed their desire tohave taxes and fees reduced.
Those in Mexico pointed out that large-scaleimports have
produced a "squeezing out effect" on their domestic timber
In China, domestic demand picked up after the
government adjusted its COVID-19 prevention and control
policy at the beginning of December and also introduced
real estate stimulus policies. As production activities are
recovering in China’s timber enterprises China’s GTI was
above the critical level of 50.
Detailed analysis can be found at: