China¡¯s 175 million hectares of forest and 12.5 billion cubic meters of forest stock rank as 5th and 6th respectively in the world. Generations of over exploitation, disease and fires have reduced its forest coverage to 18% of its land mass, ranking its 0.13 hectares of forest per capita at 134 globally, less than one-fourth the world average. The recent goal of China is to increase its forest coverage to 26% by 2050.
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Targets Expansion Into Southwestern China With Letter of Intent (Jan 28, 2009)
Adopts Sustainable Forestry Objectives; Develops Corporate Code of Conduct (Dec 18, 2008)
Signs Second LOI for Forest in Heilongjiang Province (Dec 11, 2008)
Supports Central Government's Forestry Initiatives (Nov 19, 2008)
Seeks to Expand Holdings (Nov 17, 2008)