US Dollar Exchange Rates of
15th
Apr
2025
China Yuan 7.29
Report from China
Initiatives to stabilise the property market
It has been reported that “Special Initiatives to Boost
Consumption” have been announced by the government.
The initiatives emphasises boosting consumption and
includes stimulating demand for housing. The construction
and supply of affordable housing will be increased.
The government has indicated greater support will be
provided to the real estate sector at the macro level. The
purpose is to boost consumption, stabilise the property
market and then promote the upgrading of household
product consumption.
Specific measures to stabilise the property market
include:
intensifying efforts to transform urban villages
and dilapidated houses to fully release the
potential of strong and improved housing
demand.
special bonds will be allowed to support the
purchase of existing commercial housing by
urban governments for use as affordable housing.
tax policies will be implemented to promote the
steady and sound development of the real estate
market.
interest rates on housing provident fund loans
will be lowered.
the scope of the use of the housing provident fund
will be expanded to support contributors applying
for individual housing loans.
See:
https://www.gov.cn/gongbao/2025/issue_11946/202503/content_
7015860.html
Annual output value of wood processing industry
It has been reported that the annual output value of the
wood processing industry in China in 2024 exceeded
RMB3 trillion and the total value of the customised
household industry has exceeded RMB300 billion.
China continues to promote the reform of the collective
forest rights system and the development of the forest
industry and the total output value of the national forest
industry reached RMB10.17 trillion, an increase of over
9% year on year.
See: https://www.forestry.gov.cn/c/www/zhzs/608914.jhtml
Industrial standard on ultra-thin fibreboard
The National Forest and Grassland Administration
recently approved the release of forest industry standard
LY/T 3411-2024 "Ultra-thin Fibreboard", which will be
officially implemented on 1 May 2025.
This standard is the first special technical specification for
fibreboard products with a thickness of no more than
1.5mm and specifies the definition of terms, technical
indicators, inspection methods and storage and
transportation requirements of the products and is suitable
for the production and circulation of cushion layer
materials for finishing materials.
The implementation of this standard will fill the gap in the
quality evaluation system of ultra-thin fibreboard, provide
a technical basis for its product design, manufacturing and
marketing and is of significance to promote the
transformation and upgrading of lightweight and
functional fibreboard products.
See: https://www.77d.cn/article/1593150622922702849
Supervision site for imported logs in Fujian
The first imported log supervision site was officially
opened to handle foreign shipping in Putian City of Fujian
Province.
This will further improve the function of Putian Port to
develop the port for the timber sector, promote integration
of port and production and help Putian Port transform and
upgrade from "logistics port" to "industrial port" and
"trade port".
The commissioning of the supervision site for imported
logs further will enrich the business of the port and will
also improve the port's ability to serve the wood
processing enterprises around the port.
Through creating designated supervision sites for imported
logs it may be possible to attract more domestic and
foreign timber traders to settle in Putian.
The opening of the designated supervision site for
imported logs has also reduced the logistics costs of local
enterprises in Putian City. For enterprises that need more
than 70,000 cubic metres of raw materials per year most
previously came via Xiamen Port.
For logs via the new site at Putian Port logistics costs can
be reduced.
Guangxi International Timber Trading Center
operational
Recently, in the Guangxi Pilot Free Trade Zone (Qinzhou
Port Area) bonded port zone the Guangxi International
Timber Trading Center officially began operation.
It has been reported that investment for the project came
via the Guangxi Free Trade Zone Guanglin Investment
Development Co., LTD. The site has a land area of 11.7
hectares and a total construction area of nearly 6,680
square metres.
The Trade Center is committed to building a
comprehensive, high quality, industrial platform
integrating timber import, storage, processing, trading,
logistics and supply chain, financial services to integrate
the rich timber resources of Guangxi Zhuang Autonomous
Region and its surrounding areas, take advantage of the
location advantage of Guangxi as an important node on the
"Belt and Road" initiative countries and strengthen the
interconnection with domestic and foreign timber markets.
The position and influence of Guangxi timber industry in
the global industrial chain will be enhanced.
See: http://gzw.gxzf.gov.cn/xwzx/gzdt/t19554066.shtml
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