US Dollar Exchange Rates of
10th
October
2025
China Yuan 7.13
Report from China
Focus on developing green home furnishings
Recently, the Ministry of Industry and Information
Technology, the Ministry of Commerce and the State
Administration for Market Regulation jointly issued the
"Work Plan for Stabilising Growth in the Light Industry
(2025-2026)" (hereinafter referred to as the "Plan").
The plan states that, through measures such as optimising
supply, expanding consumption, maintaining international
competitive advantages, improving the industrial
ecosystem and enhancing the momentum for high-quality
development, efforts will be made to promote the stable
growth and quality improvement of the light industry.
The plan supports the smart home appliance and home
furnishing industrial clusters to move towards the world
level, focuses on developing green home furnishing,
promotes new growth of young industries in the fields of
smart home, elderly and infant products from 2025 to
2026 and facilitates the expansion of consumption and
industrial upgrading.
The plan promotes technological breakthroughs in smart
home appliances and bio-manufacturing, revises 10
mandatory national standards, establishes a standard
system for smart home and elderly products, updates 300
industry standards annually and strengthens brand building
in home appliances and furniture, supports high-quality
brands to participate in domestic and international
exhibitions.
On the consumer side, the plan promotes the trade-in of
old home appliances, kitchen and bathroom products,
popularises high-efficiency and intelligent products,
develops whole-house customisation and elderly-friendly
renovations, increases the supply of functional furniture
and smart home products around hotspots such as health
and elderly care facilities, formulates national standards
for interconnection and interoperability, builds experience
centers and expands multi-scenario services.
In terms of internationaliation the plan proposes to
actively participate in the formulation and revision of
international standards in key areas such as smart home,
accelerate the transformation of domestic advanced
standards into international standards and promote mutual
recognition of certification results internationally, support
leading enterprises in the home appliance, furniture and
other industries to accelerate the globalisation of their
brands, expand overseas marketing channels and build
international brands.
See:
https://www.gov.cn/zhengce/zhengceku/202509/content_704139
3.htm
Nine national standards on wood products reviewed
The National Technical Committee for Standardisation of
Wood-based Panels recently organised a Standard review
meeting at which nine national standards for wood-based
panels and forest industry standards were reviewed and
approved, including the following standards:
Antibacterial Wood-based Panel
Plywood for Container Flooring
Technical Specifications for Life Cycle
Assessment of Wood-based Panel and its
Products
Medical Wood-based Panels
Edge Sealing Strips
Fiberboard for Wooden Doors
Thermosetting Resin-Impregnated Paper
Continuous Laminated Decorative Panels (CPL)
General Technical Requirements for Elderly-
Friendly Wood-based Panel Products
Insect-proof Plywood
The forest industry Standard on Antibacterial Wood-based
Panels has passed the review and local experts
unanimously agree that this Standard has reached the
international advanced level.
Seven national standards, including the national standard
on the Plywood for Container Flooring and the forestry
industry standards on the Technical Specifications for Life
Cycle Assessment of Wood-based Panels and products
thereof, Medical Wood-based Panels, Edge Sealing Strips,
Fiberboard for Wooden Doors, Thermosetting Resin-
Impregnated Paper Continuous Laminated Decorative
Panels (CPL) and General Technical Requirements for
Elderly-friendly Wood-based Panels are assessed to be at
an international general level.
See:https://www.forestry.gov.cn/lyj/1/gglcgy/20250807/637363.
html
and
http://www.beijingreview.com.cn/caijing/hyzx/202508/t2025080
7_800410863.html
Jicai Tong international timber trading platform
operational in Heze City
The 2025 Jicai Tong International Timber Trading
Platform Release Conference was held recently in Heze
City of Shandong province marking the official operation
of the platform. This is not only an innovative move by
Heze city in exploring the digital transformation of the
wood industry but also a key measure to remove industrial
bottlenecks, optimise resource allocation and enhance the
overall efficiency of the industry.
"Jicai Tong" takes digital technology as its core driving
force, focuses on the demands of the entire wood industry
chain and builds a one-stop service system of "supply and
demand matching + logistics transportation + policy
implementation", helping the industry upgrade towards
digitalisation, intelligence and greenness and providing
strong support for enterprises to reduce costs, increase
efficiency and enhance market competitiveness.
In terms of supply and demand matching the platform
relies on big data and artificial intelligence technologies to
integrate global wood market supply and demand
information and build an efficient online trading channel.
Enterprises can keep abreast of the dynamics of domestic
and international markets in real time, achieve precise
matching of supply and demand, break through
geographical restrictions, expand market space and
effectively solve the pain points of information asymmetry
and low circulation efficiency in traditional transactions.
In terms of logistics and transportation the platform has
deeply cooperated with multiple logistics enterprises to
build an intelligent logistics management system. The
system can track the entire process of wood transportation
in real time, optimise transportation routes, rationally
allocate resources and achieve the maximisation of
logistics efficiency and the reduction of costs. Supporting
logistics financial services can relieve the pressure on
enterprises' capital turnover and reduce operational risks.
See:
https://heze.dzwww.com/qx/mdq/202509/t20250918_16490339.
htm
Chuan-Shanxi-Gansu international timber trade centre
The Sichuan-Shanxi-Gansu International Timber Trade
Center was inaugurated and put into operation in the
Green Home Industry City of the Western China
(Guangyuan City of Sichuan Province). On the same day
the international timber freight routes Russia - Guangyuan
and New Zealand - Guangyuan were successfully
launched.
The Russia - Guangyuan and New Zealand - Guangyuan
international timber freight routes mainly carry wood
panels and sawnwood from Russia and New Zealand for
the production of furniture, construction, flooring and
other wood products.
After calculation, the comprehensive logistics cost of the
two international timber freight routes can be reduced by
more than 50% after enjoying the subsidy policies of
various regions in combination.
The successful launch highlights that Guangyuan City has
opened up international channels for importing timber
from Russia and New Zealand which is of great
significance for Guangyuan City to build itself into a
modern bulk commodity logistics centre in western China
and to develop into a national logistics hub carrier city.
Guangyuan City aims to achieve a monthly timber trade
volume of 50,000 cubic metres and a trade value
exceeding RM100 million by the end of 2025. By 2027,
the Sichuan-Shaanxi-Gansu International Timber Trade
Center will have 3 leading timber trade enterprises and 75
timber dealers in place achieving a timber trade volume of
1.5 million cubic metres with a trade value exceeding
RMB3 billion.
See:
https://www.sc.gov.cn/10462/10464/10465/10595/2025/8/23/ecf
74fa0c9094f899477a5e674c147e7.shtml
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