Title: How Chinese forestry is coping with the challenges of global economic downturn
Abstract:Qiang Ma is a Ph.D. candidate in the School of Forestry Economics and Management, Beijing Forestry University, Beijing, China, and is Forestry Officer in the Forest Economics and Policy Division, Fore...Qiang Ma is a Ph.D. candidate in the School of Forestry Economics and Management, Beijing Forestry University, Beijing, China, and is Forestry Officer in the Forest Economics and Policy Division, Forestry Department, FAO, Rome. Jinglong Liu is Professor in the School of Agricultural Economics and Rural Development, Renmin University of China, Beijing, China. Wenxian Du is a Ph.D. candidate in the same school. China’s domestic economic stimulus package aims to encourage consumption of wood and wood products; raise investment in afforestation, reforestation and protection of natural forests; and support forest enterprise through reduced taxes and other benefits. The global financial crisis is creating severe challenges for Chinese forestry, and especially for small and medium-sized wood-processing enterprises. Exports of forest products, domestic demand for forest products and timber prices have dropped sharply since 2008. Some small and mediumsized forest enterprises have closed down (SFA, 2008a). The Chinese government has adopted a financial and monetary stimulus policy to cope with the crisis. Measures in the forest sector include increasing investment and expanding domestic demand to create a favourable environment for enterprises to develop and to respond to the challenges. This article discusses the impact of the financial crisis on China’s forest industry and the strategies and concrete actions taken by the forest sector.Read More
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 6
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot