US Dollar Exchange Rates of 29th May. 2008
China Yuan 6.9379
Report from China
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FTA with New Zealand removes tariffs on all exports
A Free Trade Agreement (FTA) with New Zealand will
remove tariffs on 63.6% of products imported from China
before 1 January 2016. Under the FTA, China promises to
abolish tariffs on 97.2% of products imported from New
Zealand by 1 January 2019, with 24.3% of the products
expected to be free of tariffs once the Agreement is
implemented on 1 October 2008. New Zealand mainly
exports dairy products, lumber, wood pulp and other paper
products and wool to China. China mainly exports
electrical machinery and equipment, mechanical
equipment, clothing, furniture, toys, and iron and steel
products to New Zealand. China¡¯s log imports from New
Zealand rose 40% to 1.27 million m³ in 2007. After the
signature of the FTA, it is expected that the wood products
trade between China and New Zealand will be further
strengthened.
China¡¯s forest products industry generates RMB1.1 trillion in 2007
The State Forestry Administration¡¯s (SFA) statistics show
that the total output value of China¡¯s forest products
industry rose nearly 10% to RMB1.170 trillion yuan in
2007. This was due to a number of factors. First, the
industry was boosted by China¡¯s stronghold in the markets
of resin, wood-based panels, and wooden and bamboo
furniture exports. The output of wood-based panels in
2007 alone was 73.65 million m³ by volume. Secondly,
other emerging industries such as edible plants, flowers,
bamboo and rattan, forest tourism, cultivation and the
utilization of wild animals and plants also developed
rapidly. The production of forest biological materials and
biological medicine was also booming, with tertiary forest
products worth approximately RMB101.86 billion yuan in
2007. Third, markets for forest products were developing,
as the country has over 15,000 enterprises with an annual
turnover of RMB5 million yuan and their value making up
70% of the national total. The outputs of the forestry
products industry in Guangdong, Fujian, Zhejiang,
Shangdong and Jiangsu accounted for about 50% of the
national total. Finally, the trade of wood increased rapidly,
with the total value of foreign trade rising 21% to USD57
billion in 2007. In recent years, China has worked to be a
more competitive player in the wood trade and has
strengthened its place in the international market.
Output of China¡¯s woodworks machinery reaches RMB20 billion
There are more than 1,000 enterprises manufacturing
woodworking machinery in China worth approximately
RMB20 billion yuan. These enterprises mainly
manufacture 69 categories of machinery including 1,100
woodworking machines mainly producing wood-based
panels, panel furniture, bamboo and wood products.
China¡¯s woodworking machinery has rapidly developed in
recent years, with many types of machinery being
produced within the country. China¡¯s machinery has
reached a comparative technical capacity on par with some
developed countries in terms of both the volume of outputs
and technology of woodworking machinery.
Deqing County hosts largest wood-based panel production line in Asia
The largest wood-based panel production line in Asia was
built and put into operation at Deqing County in Zhaoqing
City, Guangdong Province. The plant was established by
China¡¯s wood-based panel manufacturing giant
DareGlobal Inc., which invested RMB400 million yuan
for its construction. The plant also has a production
capacity of 210,000 m³ annually and equipment and
technology imported from Germany and Finland. The
production line will use branch wood and residues from
logging as raw materials. After operations begin, 300,000
m³ of branch wood and wood residues will be needed to
produce wood-based panels. RMB100 million yuan of net
benefits are expected to be created for forest farmers.
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