The Impact of Global Financial Crisis on China's Trade in Forest Product and Countermeasures

Abstract

China is a great power of forest product producing, processing, consumption and the import and export country in the world. The total volume of the import and export of forest product ranks second in the world, which is next to the United States. The main target market of China's forest product focuses on the harder hit area of financial crisis such as the Europe and the United States. The depression of the estate and construction industry in America as a major consumer of forestry product directly influenced the foreign trade of China's forestry product. The high external independence degree of China's forestry economy has a great impact on its development. The paper emphasizes the impact of global financial crisis on China's forestry product trade and the relative measures taken by Chinese government. Furthermore, some suggestions and countermeasures are proposed to cope with the financial crisis.