US Dollar Exchange Rates of
China Yuan 6.872
Report from China
Real estate development
A press release from the National Bureau of Statistics
provides details of National Real Estate Development and
Sales between January and February 2023. National real
estate development investment was 1,366.9 billion yuan, a
year-on-year decline of 5.7%, residential investment was
The area of newly constructed houses was 135.67 million
square metres, down 9.4% and the area of newly started
residential homes was 98.91 million square metres, down
Sales of furniture rise 5.2%
Another press release from the National Bureau of
Statistics of China reports total retail sales of consumer
goods. From January to February retail sales of consumer
goods were 7,706.7 billion yuan, a year-on-year increase
of 3.5%; excluding cars the figure jumped to 5%. Sales of
furniture rose 5.2% in the first two months of this year but
sales of decorative materials for home interiors fell 1%.
Vietnam final anti-dumping ruling on tables, chairs and
accessories from China
In February 2023 the Ministry of Industry and Trade in
Vietnam issued Resolution No. 235/QD-BCT making a
final and definitive anti-dumping ruling on tables, chairs
and accessories from China imposing an anti-dumping
duty of 21.4% on chairs and 35.2% on tables and
accessories from China.The Vietnamese tax HS codes of
the products involved are 9401.3000, 9401.4000,
9401.6100, 9401.6990, 9401.7100, 9401.7990, 9401.8000,
9401.9040, 9401.9092, 9401.9099, 9403.3000, 9403.6090
and 9403.9090. The measures will take effect from 13
Implementation Plan for National Reserve Forest
It has been reported that the Implementation Plan for
National Reserve Forests Development during the 14th
Five-Year period was released recently. More than 2.46
million hectares of national reserve forests will be planted
and more than 70 million cubic metres of forest stocking
volume will be created.
Of the 2.46 million hectares of national reserve forest
during the 14th Five-Year Plan period 1.52 million
hectares of medium and short growth cycle industrial raw
material forests and nearly 0.94 million hectares of long
growth cycle, large diameter timber forest will be planted
or existing forest will transformed.
In order to establish a national timber security system the
Chinese government started the national reserve forest
project in 2012. By 2022, the project covered 29 provinces
(autonomous regions and municipalities), six forest
industry (forestry) groups and Xinjiang Production and
In the past ten years, more than 613 million hectares of
national reserve forest have been planted and the total
stock volume of the project area has increased by 270
million cubic metres with an average annual stock volume
growth of about 10.8 cubic metres per hectare.
About 150 million cubic metres of timber have been
produced from the national reserve forest.
The construction of national reserve forests has provided a
total of more than 3.6 million jobs in the past ten years and
the income of timber output has exceeded RMB150
Nankang furniture makers seek secure raw material
supply in Thailand
China’s Nankang Furniture Economic and Trade
Cooperation Delegation just finished trade visits to
Malaysia and Thailand.
In order to improve the wood supply for the of Nankang
furniture industry, enhance competitiveness and secure the
supply chain an Economic and Trade Cooperation
Delegation visited the Wood Processing Branch of the
Federation of Thailand Industries and the Rubber Wood
Industry Association of Thailand.
The Delegation signed a strategic cooperation agreement
with Thailand Rubber Wood Industry Association and
promoted the implementation of "Nankang Furniture Raw
Material Reserve (Thailand) Base".
The agreement aims to ensure a raw material supply for
the Nankang furniture industry.
Fibreboard production capacity in 2022
According to the statistics from the Academy of Industry
Development and Planning under the National Forestry
and Grassland Administration and the China Forestry
Products Industry Association (CFPIA), both the number
of enterprises and production capacity of China’s
fibreboard industry declined in 2022.
There were more than 344 fibreboard manufacturing
enterprises (down 19% year on year) at the end of 2022
with a production capacity of 47.78 million cubic metres,
down 11% over 2021.
Guangxi Zhuang Autonomous Region was the largest in
terms of production capacity at 6.98 million cubic metres
exceeding Shandong Province in 2022. Shandong
Province's production capacity dropped sharply to 6.71
million cubic metres per year, dropping out of the first
ranking for the first time but still accounting for 14% of
the national total.
Rise in fibreboard imports from Germany
According to Customs data HS code 4411 imports
(including fibreboard + laminate floors) were 94, 000
tonnes valued at US$98 million, down 34% in volume and
26% in value year on year in 2022. China’s fibreboard
imports were 39,000 tonnes valued at US$32 million,
down 35% in volume and 25% in value year on year in
2022. New Zealand and Spain are the two top suppliers for
China’s fibreboard imports in 2022.
China’s fibreboard imports from New Zealand and Spain
fell 21% and 32% to 17,000 tonnes and 6,000 tonnes
respectively. However, China’s fibreboard imports from
Germany rose 29% year on year to 4,000 tonnes in 2022.
In addition, China’s fibreboard imports from Thailand
grew 3% also to 4,000 tonnes year on year in 2022.
Nearly 80% of national fibreboard imports were from the
above-mentioned top supplier countries, New Zealand,
Spain, Germany and Thailand in 2022.
Germany the largest suppliers for China’s
China’s laminate flooring imports were 55,000 tonnes
valued at US$65 million, down 33% in volume and 27%
in value year on year in 2022. Germany was the largest
supplier in 2022. Thailand was the second largest supplier
of China’s laminate flooring imports in 2022. China’s
laminate floors imports from the two countries accounted
for nearly 60% of the national total.
China’s laminate floors imports from Germany fell 50% to
18,000 tonnes year on year in 2022 which resulted in the
decrease in China’s total laminate floors imports. In
contrast, China’s laminate floor imports from Thailand
rose 18% to 13,000 tonnes year on year in 2022.