Chinese forestry enterprises’ investment in overseas investment

The area of overseas forest land rented or purchased by Chinese enterprises amounted to around 61 million hectares and is valued at approximately US$2 billion at the end of 2014.

In addition, by the end of 2014, some 167 Chinese enterprises, predominantly from the private sector, participated in overseas forestry projects. The trend in investment was 48% as sole proprietorship, 36% joint venture and 16% in other forms of cooperation. Most overseas investment in forestry or wood industries were by enterprises in Heilongjiang, Inner Mongolia Autonomous Region, Jilin, Shandong and Jiangsu. They were investing in forestry projects across 18 countries.

In 2014, around 10,000 Chinese and 30,000 local employees were working in Europe, North America, South America and Oceania, Russia, Gabon, Canada, Laos, Cambodia, New Zealand, Indonesia, Republic of Congo, Benin, Guyana, Zambia, Bolivia, Georgia, Cameroon, Vietnam, Ethiopia and the British Virgin Islands.

Russia attracted the largest Chinese investment which stood at about US$3 billion or 76% of all overseas investment in forestry.

 

Source: ITTO