Daily Forestry and Forest Industry News

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Forestry and Forest Industry News from China

.... most recent Forestry and Forest Industry News from China: Anhui, Beijing, Chongqing, Fujian, Gansu, Guangdong, Guangxi, Guizhou, Hainan, Hebei, Heilongjiang, Henan, Hubei, Hunan, Hong Kong, Inner Mongolia, Jiangsu, Jiangxi, Jilin, Liaoning, Liaoning, Macau, Ningxia, Qinghai, Shaanxi, Shandong, Shanghai, Shanxi, Sichuan, Taiwan, Tianjin, Tibet, Xinjiang, Yunan, Zhejiang and around the world.

"Sino-Forest Confirms Probe by Canadian Police Amid Allegations of Fraud"

Nov. 11, 2011; Bloomberg: TORONTO -- "Sino-Forest Corp. (TRE), the Chinese timber company whose shares were suspended in Toronto in August amid allegations of fraud, confirmed that it’s being investigated by the Royal Canadian Mounted Police.

The company is cooperating with probes by the Ontario Securities Commission and the RCMP, Mississauga, Ontario- and Hong Kong-based Sino-Forest said yesterday in an e-mailed statement.

Sino-Forest shares fell 74 percent since June 1, the day before short seller Carson Block’s Muddy Waters LLC research firm published a report that said the company was overstating its assets. The stock’s plunge cost investors including hedge fund firm Paulson & Co. at least C$3.3 billion ($3.25 billion).

Officers and directors at Sino-Forest may have engaged in acts 'related to its securities' that they 'knew or should have known' perpetuated a fraud, the OSC said Aug. 26. The shares were halted by the OSC that day. The company’s Chairman and Chief Executive Officer Allen Chan resigned two days later." Read more... . external_link

Nov. 10, 2011; Furniture Today: By Thomas Russell. "WASHINGTON -- The U.S. International Trade Commission voted Wednesday that the U.S. wood flooring industry has been injured due to imports of unfairly priced Chinese-made wood flooring.

The 4-2 vote means that the U.S. Department of Commerce can begin issuing both antidumping and countervailing duties on Chinese wood flooring imports.

Antidumping duties are assigned based on charges that the foreign industry is selling product at less than fair market values. Countervailing duties are based on charges that a foreign manufacturer receives direct financial support from its government.

Such duties are assigned to foreign manufacturers, but paid by U.S. importers of record of the merchandise. Read more... . external_link

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"China's Ghost Towns: New Satellite Pictures Show Massive Skyscraper Cities Which Are STILL Completely Empty"

June 19, 2011; The Daily Mail: "CHINA -- As sprawling housing developments and skyscrapers in one of the world's most populous countries, these tower blocks and recently-built neighbourhoods should be busy and swarming with people.

But on closer inspection these stunning pictures show elaborate public buildings and open spaces which are left completely empty.

The most recent pictures of unused housing emerged as China announced plans to build 20 cities a year for the next 20 years." Read more... . external_link

Empty Skyscrapers in China

Soulless cities: Despite being unable to find buyers for the hundreds of millions of new homes, China plans to build 20 cities a year for the next 20 years

"Sino-Forest Chairman & CEO Appointed As Vice President Of China National Forestry Industry Federation"

Feb. 09, 2011; PR Newswire: "TORONTO -- Mr. Allen Chan, Chairman & CEO of Sino-Forest Corporation (TSX:TRE), a leading commercial forest plantation operator in China, was appointed as a Vice President of the China National Forestry Industry Federation (formerly China National Forestry Industry Association; "CNFIF") in December 2010.

The CNFIF is chaired by Mr. Jia Zhibang, Director of the State Forestry Administration. CNFIF is a nationwide non-profit, voluntary organization. It has appointed renowned foresters, academics and industry professionals, who have contributed to the prosperity and development of the forestry sector in China, as the members of its committee. The mission of the CNFIF is to advocate for responsible forest management in China. It is committed to forestry research and development and to assisting the development and implementation of related regulations, as well as promoting sustainable forestry development in China.

Delighted to be appointed as a Vice President of the CNFIF, Mr. Allen Chan said, 'Personally, and on behalf of Sino-Forest, I am very honored to receive such a designation from the CNFIF, especially since Sino-Forest is the only foreign commercial plantation operator in China to have a member as a Vice President. This signifies that Sino-Forest shares the CNFIF philosophy about the importance of sustainable forestry development in China. We strive to support the CNFIF and the forestry sector at large by spearheading the development of sustainable plantations and accelerating the conversion of low-yield plantations into fast-growing, high-yielding ones. Sino-Forest will continue to work with government entities in efforts to improve the productivity and economics of Chinese plantations and downstream processing technologies and expertise. We wish to increase China's forest coverage and wood supply independence through our scientific silviculture research and development'." Read more... . external_link

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"Regulator Seeks Freeze On China Forestry Chairman's Assets"

Feb. 09, 2011; Reuters: "HONG KONG -- Hong Kong's securities regulator is seeking to freeze the assets of the chairman of China Forestry Holdings Co Ltd (0930.HK), which is being investigated for accounting irregularities, a court document showed.

The Securities and Futures Commission has applied to the high court to freeze assets of up to HK$398 million ($51 million) belonging to company chairman Li Han Chun, according to the court statement obtained by Reuters on Wednesday.

IFR, a Thomson Reuters publication, said Li sold 119 million shares at HK$3.35 on Jan. 12, the proceeds of which match the sum the regulator is aiming to freeze." Read more... . external_link

"China Helps Nelson Forestry Grow"

Feb. 08, 2011; The Nelson Mail: "At a time when other pillars of the Nelson economy are showing signs of crumbling, forestry is standing tall. Peter Watson reports on an industry that may lack glamour but is providing plenty of grunt.

Forestry now rivals and may even surpass horticulture as the Nelson region's most important industry.

When the Nelson Tasman Regional Economic Development Agency last did the sums in 2009, horticulture was still top dog, but since then, pipfruit, wine and a host of other crops have felt the chill winds of recession, extreme weather and a high New Zealand dollar." Read more... . external_link

"Sino-Forest Shines As Scandal Stumbles Competitor"

Feb. 01, 2011; Financial Post: "It’s looking more and more like Canadian hewer of wood Sino-Forest Corp. is the star of China’s forestry sector, after one of its biggest competitors has become embroiled in a scandal over its most recent financial statements.

China Forestry Holdings Ltd. has suspended some of its employees after auditor KPMG found 'certain irregularities' in the company’s 2010 financial results. China Forestry Holdings has seen its shares plunge 18.7% so far in 2011, with trading suspended since Friday.

The company’s woes began on Jan. 12 when chief executive Li Han Chun sold more than half of his stake in the company, or about 119 million shares, holding on to a 2.7% stake (81 million shares). The next day, China Forestry shares plunge 13%." Read more... . external_link

"China Weighs Law To Prevent Water, Soil Loss"

Dec. 21, 2010; Xinhua News: "BEIJING -- China's top legislature Monday began reviewing a draft revision of the Law on Water and Soil Conservation in order to provide better protection for China's land and water resources.

The draft was the second version of the law revision. The first version was reviewed by the Standing Committee of the National People's Congress (NPC) in August this year.

According to the second revision, if people fail to work on controlling water and soil losses in a certain amount of time, they should pay the full expense of the government's water and soil conservation work on the project." Read more... . external_link

"Chopsticks Raise Environmental Awareness"

Dec. 20, 2010; Sky News: "Green Peace has set up a tree exhibition in China using thousands of disposable chopsticks.

The display seeks to raise awareness of the environmental damage that wooden utensils are wreaking on China's forest resources.

Reuters reports Greenpeace enlisted the help of 200 student volunteers to collect the 84,000 pairs of used disposable chopsticks to create four five-meter-tall trees. The trees will be on display in a Beijing shopping center for two days." Read more... . external_link

"Greenpeace Advocates For Reusable Chopsticks In China"

Dec. 20, 2010; NTDTV: "GEnvironmental activist group Greenpeace is raising awareness about just how many trees it takes to make chopsticks in China every year. At a shopping center in Beijing, the organization showcased a group of trees constructed from thousands of disposable chopsticks. Organizers want people to be aware of the effects that the wooden utensils have on China's dwindling forest resources.

Over 200 student volunteers collected 84,000 pairs of used disposable chopsticks to create four 16-foot-tall trees.

According to statistics from the Forestry Administration, China produced 57 billion pairs of disposable wooden chopsticks in 2009 alone." Read more... . external_link

"Pandas Arrive in Macao for Region's Anniversary"

Dec. 18, 2010; CRI English: "Two giant pandas named Kai Kai and Xin Xin -- after "kaixin," the Chinese word for "happy" -- arrived in Macao Saturday to help the Macao Special Administrative Region (SAR) celebrate its 10th anniversary.

The fluffy pair were given by China's central government as a gift to the SAR. The gift was announced by President Hu Jintao during a visit to Macao on Dec. 19 last year.

The pandas left the Chengdu Research Base for Giant Panda Breeding in Chengdu, capital of China's Sichuan province, at around 10 a.m. after a half-hour farewell appearance and their flight took off at 11:40 a.m." Read more... . external_link

"New Chinese Factory for Deere"

Dec. 15, 2010; Zacks Investment Research: "Deere & Co. plans to expend $50 million to build a new factory in China to manufacture construction equipment for China's domestic market and for export to other markets. The new factory will be located in the Tianjin Economic-Technological Development Area and will manufacture four-wheel-drive loaders and excavators.

Deere’s presence in China goes back 30 years, mainly confined to the agricultural equipment sector. In 2008, Deere forayed into the construction equipment sector on entering into a joint venture to own 50% of Xuzhou Xuwa Excavator Machinery Co. Ltd., the leading Chinese manufacturer of construction equipment. With the current facility, Deere will have six manufacturing locations in China, two of which are joint ventures.

Deere’s construction and forestry segment operates in highly competitive North American markets and is seeking to grow its competitive position in other parts of the world, including China, Russia and India. Global competitors of the construction and forestry segment include among others, Caterpillar Inc., CNH Global NV and Kubota Corporation." Read more... . external_link

"The Walt Disney Company Makes Significant Commitment to Aid China’s Reforestation Efforts in Inner Mongolia: Investment will help The Nature Conservancy, Partners Make Strides in Mongolian Conservation"

Dec. 15, 2010; PRWeb: "BEIJING, China -- Building on its long history of conservation and environmental stewardship, The Walt Disney Company today announced a US $2 million (RMB 13.36 million) investment in the reforestation of ecologically degraded lands in the Heling’er region of Inner Mongolia.

The investment is being made in partnership with the Inner Mongolia Forestry Department, The Nature Conservancy, the Laoniu Foundation and local communities and will seek to reforest 2,500 hectares over a 30-year period.

Reforestation is one of the most effective ways to combat climate change, improve the livelihood of people and protect threatened wildlife. Healthy forests provide food, shelter and income to millions of people around the world. Forest conservation projects supported by Disney are already underway in Latin America, Africa and North America, benefiting the communities who depend on these natural resources." Read more... . external_link

"Deere & Company to Build Construction Equipment Factory in China"

Dec. 14, 2010; PR Newswire: "MOLINE, Illinois -- Deere & Company said today that it plans to build a new factory in China to manufacture construction equipment for sale in China and for export to other markets. The facility represents an investment of approximately $50 million.

The new factory will produce four-wheel-drive loaders and excavators and will be located in the Tianjin Economic-Technological Development Area (TEDA). The facility will be Deere's sixth manufacturing location in China, two of which are joint ventures.

'This new factory will enhance our opportunity to serve Chinese customers as well as customers in other markets," said Samuel R. Allen, chairman and chief executive officer. "This action represents a meaningful expansion of Deere's construction equipment division in China.'" Read more... . external_link

"China: Government Announces Sawnwood Export Quota For 2011"

Dec. 12, 2010; FORDAQ: "On 28 October 2010, the Ministry of Commerce of China announced the export quotas for agricultural and industrial products for 2011.

Sawnwood export quota will be 260,000 cu.m in 2011.

The decree declares that qualified applicants can send their applications for exports to local commercial affairs bureau or directly to the Ministry of Commerce during the period from 1 to 15 November 2010." Read more... . external_link

"Seeing The Wood: Climate-change Negotiators Are Right To Focus On Forests – They Offer A Path To Adaptation As Well As Carbon Storage, Lu Zhi Tells Yang Fangyi"

Dec. 08, 2010; ChinaDialogue: "Lu Zhi is the founder of China’s Shan Shui Conservation Center and professor of conservation biology at Peking University. In conversation with Yang Fangyi, she discusses the role of biodiversity preservation in adapting to climate change, how to get the most out of forests and the pros and cons of China’s energy-saving measures.

Yang Fangyi: What do you hope will come out of the Cancún climate-change conference?

Lu Zhi: I hope to see consolidation of existing achievements on issues such as funding mechanisms and forest protection and the breakthroughs necessary to allow a legally binding agreement to be reached at the climate-change talks in South Africa in 2011." Read more... . external_link

"China's Green Food Output Exceeds 100 Million Tons"

Dec. 06, 2010; People's Daily Online: "Statistics from the China Green Food Development Center show that China currently has a total of more than 6,400 green food enterprises, an increase of nearly 7 percent compared with 2009.

The green food products that have been developed in China include 57 varieties in four major categories, namely agricultural and forestry and processed products, livestock and poultry products, aquatic products and beverage products, and cover more than 1,000 kinds of agricultural products and processed foods, and the output has exceeded 100 million tons." Read more... . external_link

"Grassland Fire Kills 22 In Southwest China"

Dec. 06, 2010; English.Eastday.Com: "CHENGDU - A spreading grassland fire in a mountainous Tibetan region in Southwest China proved deadly when it trapped soldiers and local residents trying to put it out, killing 22 and injuring four as of press time on Sunday night, local officials said.

It is reported the Forest Public Security Bureau under the State Forestry Administration will send firefighting helicopters to the area from Guangdong province and the Guangxi Zhuang autonomous region on Monday if the fire continues." Read more... . external_link

Forestry and Forest Industry News from China

.... most recent Forestry and Forest Industry News from China: Anhui, Beijing, Chongqing, Fujian, Gansu, Guangdong, Guangxi, Guizhou, Hainan, Hebei, Heilongjiang, Henan, Hubei, Hunan, Hong Kong, Inner Mongolia, Jiangsu, Jiangxi, Jilin, Liaoning, Liaoning, Macau, Ningxia, Qinghai, Shaanxi, Shandong, Shanghai, Shanxi, Sichuan, Taiwan, Tianjin, Tibet, Xinjiang, Yunan, Zhejiang and around the world.

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