Forestry trade vol­umes grow

China Daily (Hong Kong) - - BUSINESS -

China’s forestry trade vol­umes reached $70.97 bil­lion in the first half of this year, up 10.8 per­cent year-on-year, official data showed. The to­tal value of the forestry sec­tor’s out­put reached 2.77 tril­lion yuan ($0.4 tril­lion), up 7.4 per­cent year-on-year, ac­cord­ing to the State Forestry Ad­min­is­tra­tion. China’s for­est parks saw about 700 mil­lion vis­its in the first six months of this year, up 16.7 per­cent year-on-year and cre­at­ing out­put value worth 550 bil­lion yuan. The SFA will al­low some demon­stra­tion ar­eas to de­velop forestry tourism and other ar­eas, as well as ac­cel­er­at­ing the es­tab­lish­ment of in­dus­trial in­vest­ment funds and pri­vate eq­uity pro- jects sup­port­ing emerg­ing and strate­gic forestry sub-sec­tors. China’s forestry aims to see its to­tal in­dus­trial out­put value reach 8.7 tril­lion yuan by 2020, ac­cord­ing to the devel­op­ment plan for the pe­riod of 2016 to 2020. com­pany. “Ger­man goods are thought to be durable. Din­ner­ware, chil­dren’s car seats, water pu­ri­fiers and baby for­mula are very pop­u­lar with Chi­nese con­sumers,” said Hu Xiaox­iao, man­ager of the com­pany. Hangzhou cus­toms said Ger­man goods are some of the most di­verse im­ported goods they see. Since May last year, over 64 mil­lion yuan ($9.4 mil­lion) worth of Ger­man prod­ucts have been im­ported via the China-Europe rail link, about 37 per­cent of the to­tal amount of im­ported prod­ucts via the route, ac­cord­ing to Hangzhou’s cus­toms. west­ern Gansu prov­ince, is pre­par­ing to launch a sec­ond freight train ser­vice to South Asia. The new line will start from Lanzhou, trav­el­ing through Kash­gar in the Xin­jiang Uygur au­ton­o­mous re­gion to the Gwadar Port of Pak­istan, Xu Chun­hua, di­rec­tor of Lanzhou In­ter­na­tional Trade and Lo­gis­tic Park, said at the China Lanzhou In­vest­ment and Trade Fair. In May last year, a rail and road cargo ser­vice opened be­tween Lanzhou and Kath­mandu, Nepal. Xu said the cargo ser­vice has been wel­comed by south­ern Asian coun­tries. In 2016, bi­lat­eral trade be­tween China and Nepal was over 3 bil­lion yuan ($440 mil­lion), and the vol­ume is forecast to hit 10 bil­lion yuan in the cur­rent year.

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