US Dollar Exchange Rates of 25th November 2017
China Yuan 6.6134
Report from China
Air pollution controls in Beijing
Recently the Beijing municipal government strengthened
the implementation of air pollution regulations. The air
pollution ranking for Beijing is categorised by colour and
there are four categories rising from blue, orange, yellow
to the highest, red.
It has been reported that the limit at which enterprises are
required by law to cease operations has been tightened.
Wooden furniture enterprises fall within the list of
enterprises that are required to be checked for air pollutant
emissions along with those in the printing and concrete
production sectors.
Strong reaction to anti-dumping penalties in the US
The US International Trade Commission has issued a final
ruling in the China hardwood plywood case confirming
that, in their view, US plywood manufacturers have been
materially injured by low-priced and subsidised imports of
Chinese-made hardwood plywood.
The 4-0 ITC vote on 1 December paves the way for the
imposition of duties on hardwood plywood shipped from
China.
Chinese authorities have expressed strong dissatisfaction
with the US decision and consider this in violation of
WTO obligations and commitments.
The US decision, say China, will seriously hinder Chinese
plywood exports to the US and damage the interests of
Chinese enterprises. In 2016, US imports of hardwood
plywood products from China were valued at an estimated
US$1.12 billion.
It has been reported that the China National Forest
Products Industry Association has indicated they are
considering legal action.
US logs dominate shipments through Yantian port
According to the Shenzhen Entry-Exit Inspection and
Quarantine Bureau, log imports through Yantian Port in
Shenzhen City were 961,900 cubic metres valued at
US$203 million between January and October this year.
This represents a 54% increase in the volume of deliveries.
Some 85% of all log shipments arriving at the port were
from the US.
In order to efficiently clear imported logs the number of
sites for inspection and treatment at Yantian Port increased
to 320 from 60. The speed at which logs could be
fumigated and cleared was shortened saving money for
importers.
New wood product trading centre
The Chongqing Traffic and Transportation Group has
invested RMB2.5 billion to establish an international
wood products trading centre in the Jiangjin
Comprehensive Bonded Zone in Chongqing municipality.
This is the third Special Customs Supervision Zone in
Chongqing municipality.
The centre has an online trading platform for wood
products such as logs, sawnwood, woodbased panels,
wood pulp. The wood products trading centre will service
western China.
Currently, timbers used for processing in the Chongqing
region are sourced mainly from Zhangjiagang in Jiangsu
province so transport costs are high. Transportation costs
will be lowered when the trading centre in Chongqing
municipality is in full operation.
The Jiangjin Comprehensive Bonded Zone was
established on 17 January 2017 and is located on Jiangjin
Luohuang Industrial Park.
The centre covers an area of 2.2 square kilometres and is
well placed combining port, road and rail links and will
become an important centre in the Yangtze River
Economic Belt as it links Chongqing, Kunming and the
Tran-Asia Railway the starting point for the China/Europe
International Railway Corridor.
 
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