China: First trading Centre for forest rights

It has been reported that a forest rights trading centre had been established in Qintang District, Guigang City, Guangxi Zhuang Autonomous Region.

Guigang City and the Guangxi Forest Rights Trading Center will operate the trading centre which is expected to inject new life into the wood processing industries in Guigang City.

Wood processing has become one of the leading industries in Guigang City and enterprises in the City are important in the distribution plywood and veneer production.

Guigang City is called the wood panel capital of Southern China.

There are more than 3,500 wood processing enterprises in Guigang City with more than 150,000 employees.

Despite the pandemic the output of wood processing industries in Guigang City increased around 10% over the same period of 2019. The production of wood-based panels reached 7.5 million cubic metres.

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