US Dollar Exchange Rates of
10th
Jun
2021
China Yuan 6.3987
Report from China
Investment for forest recovery
In order to improve the operational status of state-owned
forest farms and improve the overall quality of forests
some RMB448 million has been invested to create
national reserve forests in Guiyang city of Guizhou
Province
The Guiyang municipal government will eventually build
a forest industrial complex along with the national reserve
forest project which is expected to produce high value
timbers.
Forest authorities in China and Eastern Europe expand
cooperation
The forest authorities in China and 15 Central and Eastern
European countries have agreed to further strengthen
forestry cooperation and promote the development of
forestry bio-economy in order to mitigate climate change,
achieve globalisation and contribute to the United Nations
Sustainable Development Goals.
The countries pledged to work on the following:
To adopt and strengthen policy exchanges among
forestry authorities
To carry out joint research, innovation and
product research and development
To promote forest product trade and investment
and strengthen forestry education and skills
To cultivate technical exchanges
To promote cooperation between enterprises
To promote sustainable and multi-functional
forest management
To strengthen cooperation in tourism and other
fields
To accelerate the development of forestry bioeconomy
See:http://www.gov.cn/xinwen/2021-06/02/content_5615051.htm
The Assistant Minister of Commerce, Ren Hongbin, said
at a recent press conference held by the State Council
Information Office that trade between China and 17
Central and Eastern European countries was over RMB30
billion in the first quarter of this year.
See:
http://www.gov.cn/xinwen/2021-05/12/content_5606053.htm
Drop in production due to pest control measures
Nankang District in Ganzhou City, Jiangxi Province is the
largest solid wooden furniture production and
manufacturing base in the country with more than 6,000
furniture enterprises with an annual output value of
RMB200 billion. Around 3 million cubic metres of pine
panels are imported annually. The enterprises support over
100,000 jobs.
After the implementation of pinewood nemetodes control
measures a ban on pine panel processing was introduced
which meant furniture enterprises were unable to export
products. This resulted in a drastic reduction in production
and sales, the suspension of business and unemployment.
In response the Nankang District approved the import of
pine panels to help industry recover.
See:
http://jx.people.com.cn/n2/2021/0531/c190181-34752338.html
Earnings by furniture enterprises continue to grow
According to financial data from National Bureau of
Statistics on industrial enterprises from January to April
2021 profits of enterprises with annual revenue of RMB20
million reached RMB2.59 trillion, up 1.06 times over the
same period of 2020. The income of furniture
manufacturing enterprises was RMB228.42 billion, up
35% year on year and the total profit by furniture
manufacturing enterprises was RMB9.77 billion, up 51%
over the same period of 2020.
From January to April 2021 the income of wood, bamboo,
cane, palm and grass product industries reached
RMB282.19 billion, up 29% year on year. The profit of
this group of industries was RMB9.27 billion, up 15%
over the same period of 2020.
See:
http://www.stats.gov.cn/english/PressRelease/202105/t20210528_1817938.html
Correction
The statistics on China's first quarter 2021 imports
reported in the TTMR (25/10 16-31 May 2021) Page 17
¡®Rise in log and sawnwood imports from Germany¡¯ as
published on a trade website have been found to be
incorrect.
The following is what we have determined from China's
Customs statistics:
The volume of China¡¯s log imports in the first quarter
2021 rose 25% to 14.95 million cubic metres and the value
of log imports grew 33% due to imports of a higher
volume of higher quality logs.
The volume of China¡¯s sawnwood imports in the first
quarter 2021 fell 11% to 6.18 million cubic metres and the
value of sawnwood imports fell slightly.
When first quarter 2021 hardwood import volumes
broken
down by source become available these will be published.
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