China`s forestry output up by 24%

Last Updated: Sunday, January 1, 2012 - 18:11

Beijing: The Chinese forestry industry output rose by 24.1% year-on-year to 2.83 trillion yuan (about $448 billion), the government announced on Thursday.

China produced 165 million cubic meters of wood-based panels and 490 million sq meters of wood and bamboo flooring this year, up 7.7% and 2.2% year-on-year, respectively, the State Forestry Administration (SFA) said.

The forestry imports and exports hit $116 billion this year, up 23.6 percent from a year earlier, Jia Zhibang, head of SFA, said.

The sector`s emerging industries also saw rapid growth. The output value of forest tourism increased over 10 percent year-on-year to 240 billion yuan, Jia added.
The country will further tap the sector`s potential to speed up development, and strengthen the role of technology to promote the industry`s competitiveness, Jia said.

IANS



First Published: Sunday, January 1, 2012 - 14:24

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