Guangxi's forestry industry to exceed 1 trillion yuan by 2025
Li Fengyun (L2), deputy head of the Forestry Bureau of Guangxi Zhuang Autonomous Region, speaks during a press conference on Dec 20. [Photo by Huang Lingyan/China News Service]
Guangxi is now striving to establish a 1-trillion-yuan ($156.93-billion) green forestry industry and is optimizing its coastal and border imported wood processing industry, said Li Fengyun, deputy head of the Forestry Bureau of Guangxi Zhuang Autonomous Region, on Dec 20.
The National Forestry and Grassland Administration and the People's Government of Guangxi Zhuang Autonomous Region reached an agreement the same day to jointly build a modern green forestry industry demonstration zone in Guangxi. The region's forestry output value is expected to reach 1.3 trillion yuan by 2025.
The industrial park on the forestry circular economy in the China (Chongzuo)-Thailand Industrial Park is a pioneer in Guangxi's forestry industry in entering the ASEAN markets. The park is now home to 69 companies and its pan-household industry is expected to reach 1.71 billion yuan with a year-on-year growth of 35 percent in 2021.
An 8-billion-yuan industrial park for imported wood is also set to be built in Qinzhou, a hub city of the New International Land-Sea Trade Corridor, casting eyes on green, high-end and intelligent furniture and home furnishings. It has already finished its first trade order with Africa and is actively expanding its connections with Southeast Asia markets.
Guangxi is an important ecological barrier in South China and ranks first in terms of yields of distinct forestry products, including woods, star anise and cinnamon. It will establish a spice industry cluster for ASEAN and an imported base for flavor and fragrance production with regional influence.
Guangxi's horn, rosin and deeply processed products currently make up over 50 percent of global trade, and the region's spice trade has become a major sector in Guangxi-ASEAN forestry cooperation.