China’s log imports fell sharply in the first half of 2020 to 24.51 million cubic metres valued at US$3.558 billion, down 60% in volume and 62% in value from the same period of 2019. Of total log imports, softwood log imports fell 61% to 17.64 million cubic metres, accounting for…
A signing ceremony launching work on the China-ASEAN International Timber Industry Zone project was recently held in Teng County, Wuzhou City, Guangxi Province. This will involve an investment of about RMB20 billion. Construction is expected to take five years and will be done in three phases. The construction of the…
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…
The UK imported 40,000 cu.m of tropical hardwood faced plywood from China in the first five months of this year, 60% less than the same period last year. UK imports of this commodity from China were at unusually high levels in the first half of 2019 after a period of…
According to reports a Northwest International Timber Trading Center has been established in the Zhongchuan North Station Logistics Zone in the Lanzhou New Area, which functions as a national level logistics hub. With completion of the trading centre there has been created a new service platform and industrial supply chain…
According to China Customs data in the first half of 2020 China’s log imports showed a year on year decline of 68% in volume and 70% in value. While New Zealand’s log exports to China fell by 70%, the country still held position 1 among the suppliers with 5.25 million…
The value of output by the forestry industries in Guangdong has maintained it number one position for the 11th consecutive year. It has been reported that the value of forest industry output in Guangdong Province in 2019 rose 79% to RMB841.6 billion, increasing RMB372.5 billion over 2018. The value of…
The coronavirus outbreak in China and subsequent reduction in trade flows has led to significant losses for carriers. According to some estimates the bigger carriers could have lost up to 350 million USD per week. Smaller carriers focusing on Chinese business have significant cash flow issues and some shipping lines…
China’s government is suspending or reducing port fees and other transport costs, a move that is expected to help revive exports and imports as the country recovers from the coronavirus outbreak, Argus Media informs. All port construction levies applying to imports and exports will be waived until 30 June, while…
It has been reported that China’s State Council decided to waive the tolls on toll roads throughout the country until the virus epidemic is brought under control. Other measures being arranged are reductions in corporate social insurance and an extended period for paying housing provident fund. These measures are aimed…
