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 DEVELOPMENT OF CHINA'S INDUSTRY |
| China¡¯s forestry maintained a stable development momentum in 2008. There were 71.57mn mu newly-increased forests in the year, up by 22.1% year-on-year, and number of enterprises engaged in forestry exceeded 15,000. The annual production values of forestry in Zhejiang, Guangdong and Fujian were over RMB100bn |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics of MOFCOM,54 foreign investment projects in Forestry industry (Forestry Industry (Code A02) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202£©.)were newly set up in 2009, 36 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 150,480,000, down by 12.92£¥ year-on-year. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| Along with china's accession to the WTO, the tariffs on imported forestry products will decline prominently. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| It was predicted in 2006 income of Russian forestry sector would reach 31,947 million rubles, which was 26,565 million rubles in 2005. In 2005, investment of Russian forestry sector rose by 25% to 40 billion rubles. Although during 2003 and 2006, Russian forest industry has maintained good momentum of development, but it still lags behind other countries. |
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