US Dollar Exchange Rates of 31th August 2008
China Yuan 6.8487
Report from China
Turkey imposes anti-dumping measures on Chinese
composite panels
The Turkish government recently decided to impose antidumping
measures on composite panels from China.
Chinese enterprises now impacted by the imposed
measures include Jiangsu Lodgi Woods Industry, Co.,
Changzhou Lingdian Woods Co., Changzhou Dongjia
Decorative Materials Co., Changzhou Ou Qiang Wood
Industry Co. and Jiangsu Zhongxin Desai Wood Products
Co. An antidumping duty of EUR1.60 per m² would be
imposed on the above companies. Turkey began antidumping
investigations on Chinese composite panels from
31 October 2007. Customs codes of products involved in
the case were HS44111390, HS44111490, HS44119290
and HS44119390.
Chinese tax rebate policies adjusted for some wood products
According to a decision taken by the Ministry of Finance
and State Taxation Bureau, China will increase its export
tax rebate on some bamboo products and abolish the
export tax rebate rate on products such as rosin and
Korean pine nuts. The export tax on bamboo products,
which includes multi-layer bamboo floors with less than 6
millimeters in thickness per layer, disposable bamboo
chopsticks, disposable bamboo round toothpicks, round
sticks, tongue-pressing plates and other disposable
bamboo products, will increase 11%. Local experts believe
that adjusting export tax rebates of some wood products
will help accelerate China’s bamboo products exports and
bring greater attention to the importance of forest sector
reform in the southern collective forest regions. In the
meantime, the regulation of export tax rebate policy will
help promote the adjustment of the rosin industry’s
industrial structure.
Furniture exports through Guangdong Port jump 26%
In the first half of 2008, the value of furniture exports
through Guangdong Port rose 26% and were worth
USD5.23 billion. More than half of the furniture exports
were made by foreign enterprises investing in China, many
of which showed strong gains in the first of 2008. The
value of furniture exports from foreign enterprises in
China rose 16% to USD2.7 million, comprising 52% of
the total.
The main destinations for Guangdong furniture exports
were the US, EU and Hong Kong SAR. In the first half of
2008, the value of Guangdong furniture exports to the US
rose 11% to USD2.09 billion, making up 40% of the total.
Exports to the EU soared 51% to USD1.21 billion, while
exports to Hong Kong SAR fell 52% to USD300 million.
The proportion of the value of Guangdong furniture to the
above mentioned areas and regions was 69% of
Guangdong’s furniture exports.
Lin Yi City establishes itself as a significant woodbased panel export base
The China Timber Circulation Association recently
awarded Lin Yi City of Shandong Province the title ‘The
City of China’s Wood Industry and Wood-Based Panels’
as a result of its important contribution to the national
wood-based panel industry. In the city, there are more than
3000 processing enterprises of wood-based panels with
more than 600 production lines and an annual output of 10
million m³. In the first half of 2008, there were 104 woodbased
panel export enterprises. The value of wood-based
panel exports by these enterprises was USD195 million,
accounting for 15% of the entire city’s export total and
one-third of the national panel exports total.
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