US Dollar Exchange Rates of
25th
Jun
2023
China Yuan 7.18
Report from China
Investment
in real estate development
From January to Mayinvestment in real estate development totalled
yuan 4,570.1 billion, a year-on-year decline of 7%. Investment in
residential buildings was down 6.4%. In May the national real estate climate
index was 94.56. China’s massive property sector is still struggling to turn
around despite signs of recovery earlier this year.
The government has eased its pressure on real estate developers over the
past 12 months following a crackdown in August 2020 due to their debt
levels. The property sector and related industries account for more than a
quarter of China’s economy and home construction is a major driver of demand
for wood products.
See:
http://www.stats.gov.cn/english/PressRelease/202306/t20230620_1940781.html
International wood trading centre in Dalian
At the recent International Forest Products Summit Forum held in
Dalian the Dalian International Forest Products Trading Center was
officially launched. The trading centre offers spot trading of forest
products such as bulk imported timber, wood products and forest food and
will also form a joint futures and spot trading system within the Dalian
Commodity Exchange. This will provide a convenient and efficient platform
for the international trade in Dalian forest products.
The trading centre signed a cooperation framework agreement with Zhuanghe
Xingang Terminal Co., LTD on warehousing, delivery, supervision and an
offline supply chain system. The two sides will also jointly stock imported
wood products and promote these to the domestic wood trade and processing
enterprises.
In related news, the first China (Dalian) International Forest Products
Import and Export Expo recently opened in the Dalian Free Trade Zone
International Convention and Exhibition Center.
The Expo include Japanese and South Korean booths, Southeast Asian
exhibition booths, European booths, Russia, Canada and Australia booths and
an industrial cluster area attracting well-known forest products companies
and professional exhibitors from all over the world.
The exhibition covered a wide range of products, including logs, sawnwood,
wood panels, semi-finished products and finished products, furniture and
custom furniture and bamboo products.
Dalian functions as a major international shipping centre, international
logistics centre and international trade centre. The official launch of the
trading center boosted the message from the International Forest Products
Summit and the opening of the International Forest Products Import and
Export Expo.
See:
https://www.thepaper.cn/newsDetail_forward_23328424
National programme on green building materials for rural areas
During a ‘Green Building Materials Industry Development Forum’ held
in Suqian City, Jiangsu Province a ceremony launching the 2023 project on
national green building materials for rural areas was held. In March this
year the government decided to further promote green building materials for
consumption in rural areas and Jiangsu was a pilot area.
At the same Forum 70 Jiangsu enterprises were awarded the title of "Green
Building Materials Promotion Enterprise" and 24 enterprises signed
agreements for projects. The Jiangsu Provincial government will focus on the
"Jiangsu Year" activities which will included a green building materials
tour of the province, special events and online trading and public welfare.
A green building materials development exchange promotion conference and a
2023 energy saving Expo and other large-scale exhibition for a low carbon
life are planned.
Beihai Port provides convenient access to SE. Asia
The cross-border industrial chain developed in Beihai involves
assembly in Vietnam and sales to international markets and this has
increased the annual output of enterprises in the region.
Beihai Port's location provides convenient sea access to Southeast Asia
being close to rich local forest resources it has attracted a number of wood
processing enterprises, and a concentration of processing activities.
Hepu Wujia Town Industrial Park became the first forest industry
demonstration zone in Guangxi Zhuang Autonomous Region in December 2021 with
an output value of RMB3.092 billion in 2022. At present it has more than 20
wood processing enterprises mainly targeting overseas markets for plywood
and advanced wood panels.
The aim is to achieve a Guangxi's RMB 1 trillion forest. Beihai Customs has
formulated "one industry, one enterprise, one policy" assistance measures
and problem solving mechanism. It also conducts studies on wood processing
enterprises and provides a full range of Customs services.
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