Forestry trade volumes grow
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.