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China Wood Products Price and Market Reports
16 – 31th Jul

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Report from China

 Measures to promote household consumption
A number of ministries (13) including the Ministry of Commerce recently issued a notice on Measures to promote Household Consumption. Household consumption covers many fields such as household appliances, furniture, home textiles and home decoration etc. It is an important part of private consumption and has a direct impact on the economy.

In order to release the potential of household consumption, consolidate the momentum of consumption recovery and enhance the role of consumption in economic development with the consent of the State Council the following was decided:

Improving quality of supplies
To improve the green supply chain the government will support home furnishing manufacturing enterprises to implement green manufacturing, encourage conditional areas to introduce targeted policies and measures for green manufacturing demonstration enterprises and promote enterprises to increase research and development efforts of green home products. The quality and brand building for green household products will be strengthened.

The unified green product standards, certification and identification system will be improved and the scope of green household product certification will be expanded. The government will encourage and support residents in purchasing green household appliances, green furniture and green building materials etc. The government will support home furnishing stores to develop green shopping malls, set up green product sales zones and vigorously develop green home decoration sales.

To foster smart consumption through innovation the government will support enterprises to use the ‘internet of things’, cloud computing and artificial intelligence to accelerate research and development for smart home appliances, smart security, smart lighting, smart sleep, smart health and smart audio and video entertainment. This effort will play a role in big data for consumer platforms to support enterprises to carry out customisation, personalised design and flexible production of household products. The inter-connection of smart home devices will be promoted, a sound standard system will be established and the integration of single product intelligence with whole house intelligence will be promoted. The government will build and conduct trials on digital homes.

The level of elderly-oriented household products will be improved. The promotion of elderly-oriented products will be formulated and published and the development of design standards for elderly-oriented household products will be accelerated.

The government will support enterprises to increase research and development of elderly-oriented household products such as household appliances, furniture and bath devices etc. The government will support the following installation of video care systems and household health monitoring equipment such as blood oxygen meters, blood pressure metres, blood glucose meters along with home stores and e-commerce platforms to appropriate for senior product sales area counters and will expand elderly-oriented home renovation.

Innovative development of home furnishing enterprises
Chinese government will promote innovative development of home furnishing enterprises which will be supported to accelerate the development of digital, intelligent transformation and upgrading and online-offline integration to create a number of home furnishing industry leaders so the industrial and supply chain can develop. Enterprises will be encouraged to build online home service platforms and promote the healthy and orderly development of new commercial models such as "Internet + home improvement", "Internet + second-hand home furnishing", household appliances and furniture rental.

The development of the second-hand household sector will be encouraged. Home stores will be supported to strengthen cooperation with upstream and downstream enterprises, build a "everyone home" ecosystem and provide consumers with one-stop, integrated, full-scene home consumption solutions. Home stores and shopping centres will be supported to set up experiential consumption capacity such as smart home experience halls and quality home life halls and explore the integrated development of home retail, entertainment, leisure and creative design etc.

All localities are encouraged to carry out renovation and upgrading of old houses through various means such as government support and enterprise promotion in conjunction with the renovation of old urban communities. Enterprises are encouraged to carry out old house renovation design competitions, display excellent cases of upgrading and renovation, create old house renovation and partial renovation model rooms and introduce affordable products and service packages to meet diversified consumer demand.

To promote consumption home rejuvenation activities will be organised and carried out to introduce targeted policies and measures, guide enterprises to improve the quality and level of home consumption and supply, provide more high-quality, personalised, customised home products, increase incentives and support residents to replace or buy new green smart home products and carry out old house decoration.

Local governments and relevant industry associations will be supported to organise and carry out promotion activities such as having a home consumption season, home textile consumption Festival and home improvement Consumption Festival. These activities will be coordinated with the National Consumption Promotion Month and the International Consumption Season.

The government will make good use of exhibition platforms such as the China International Import Expo and the China International Consumer Goods Expo to support the holding of professional home furnishing exhibitions in a market-oriented manner, showcase cutting-edge technologies and products in the home furnishing field and expand the supply of high-quality home furnishing products.

Improving the consumption environment
Developing community services for the convenience of people's living circle and services closely related to household consumption such as washing and drying shops, maintenance points and renewable resource recycling points will be promoted. Residential communities will be encouraged to use idle houses to set up temporary storage places for household appliances and furniture to facilitate residents to carry out decoration.

Domestic enterprises and home appliance service enterprises will be encouraged to enter the community to expand home cleaning and home appliance repair and maintenance.

The government will coordinate existing funding channels and strengthen support for projects in the construction of waste material recycling. The standardised setting for waste furniture and household item disposal points in residential areas will be developed and online booking for collection and transportation will be promoted. The recycling system for waste textiles will be improved. Recycling enterprises and property enterprises will be encouraged to establish a long-term cooperation mechanism, support enterprises to recycle waste household appliances and furniture and provide convenience for waste materials recycling vehicles into the community.

The government will promote rural household consumption through the creation of a rural commercial system, guiding household enterprises, supporting e-commerce platforms and failing rural markets, optimising rural circulation networks and channels, increasing the supply of marketable household products and improving the level of after-sales service.

The government also will improve the three-level logistics distribution system in counties and villages and develop intensive distribution, carry out activities to deliver green building materials to the countryside, further expand the scope of pilot areas and provide appropriate subsidies or loans for green building materials consumption in areas where conditions permit.

Improving home improvement standards
Home improvement standards and norms will be improved and the "leader" system of enterprise standards in household sector will be implemented. In accordance with the law there will be a crackdown on counterfeiting, risky cost cutting and price fraud in the household consumption. Action will be taken to improve the credit evaluation system in the household sector, promote typical cases of integrated management, encourage industry associations to explore the implementation of a "blacklist" system in the household sector and guide market players to operate with integrity.

Home improvement enterprises will be guided to strengthen the training of employees, organise employees to actively participate in vocational skills competitions and improve service quality.

The government will strengthen policy support. Financial institutions will be encouraged to strengthen credit support for household consumption, reasonably determine loan interest rates and repayment terms, optimise approval processes, improve financial services and promote online processing under the premise of law and compliance and risk control. Financial institutions are encouraged to strengthen cooperation with home furnishing manufacturers, home furnishing stores and home improvement enterprises to provide financial support for business operators and upstream and downstream enterprises. The issuance of infrastructure real estate investment trusts (REITs) will be supported by qualified commercial outlets such as home stores. The government will continue to support residents of old urban communities to withdraw housing provident funds for the renovation of self-occupied housing such as the installation of elevators and expand the scope of policy support for the renovation of self-occupied houses.


Rise in business revenue for green building material enterprises
The revenue in China's green building materials sector continues to grow and the government will introduce measures to promote green consumption. It has been reported that revenue of green building materials enterprises exceeded RMB100 billion in the first half of 2023 a year on year increase of more than 20%. Sales via e-commerce platforms were nearly RMB2 billion, an increase of 27% year on year.

At present, there are 4,305 certified national green building material enterprises and a total of 7,284 green building material certificates were issued in the first half of 2023, a year on year increase of 3.3 times and 3.8 times respectively.

The government will take action to "increase the varieties, improve the quality and create brands in the green building materials industry and drive the industrial chain of green building materials to the countryside through industry and project support. Efforts will be made to create industrial clusters and a number of high-quality green products will be created in the future.

Offline stores and e-commerce platforms will be promoted to set up green building materials zones, build digital empowerment and in-depth experience scenes to attract young people and meet everyone's individual needs.

Enterprises invited to invest in added value manufacturing in Russia
 It has been reported that Russia welcomes Chinese enterprises to invest in wood processing and hopes that the two sides will continuously upgrade the level of cooperation to fully optimize the cooperation potential. Russia is willing to enhance the logistics capacity for forest products, improve the business environment and take practical measures to facilitate cooperation between enterprises.

The Ministry of Commerce in China and the Ministry of Industry and Trade in Russia signed a Memorandum of Understanding on Deepening Investment Cooperation in the Field of Forest Resources Development and Utilisation. The development and utilisation of forest resources is an important field of bilateral economic and trade cooperation with good opportunities for development.

 China is willing to work with Russia to further strengthen communication on trade and investment policies in the forest industry, support inter-local cooperation, improve the business environment, deepen cooperation in related industrial chains and supply chains, accelerate green and low-carbon transformation, actively respond to climate change and promote sound and steady development of bilateral forest industry cooperation.The Russia-China cooperation in the development and utilisation of forest resources has made progress in recent years making important contributions to bilateral economic and trade cooperation.


LM        Loyale Merchant, a grade of log parcel  Cu.m         Cubic Metre
QS         Qualite Superieure    Koku         0.278 Cu.m or 120BF
CI          Choix Industriel                                                       FFR            French Franc
CE         Choix Economique                                                        SQ              Sawmill Quality
CS         Choix Supplimentaire      SSQ            Select Sawmill Quality
FOB      Free-on-Board     FAS            Sawnwood Grade First and
KD        Kiln Dry                               Second 
AD        Air Dry        WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through MR              Moisture Resistant
              the boards from one log are bundled                      pc         per piece      
              together                      ea                each      
BB/CC  Grade B faced and Grade C backed MBF           1000 Board Feet          
              Plywood   MDF           Medium Density Fibreboard
BF         Board Foot F.CFA         CFA Franc        
Sq.Ft     Square Foot               Price has moved up or down

Source:ITTO'  Tropical Timber Market Report