Chinese snap up huge forest lands around the world

By end 2014, about 61 million hectares of overseas forest land valued approximately at US$2 billion was rented or purchased by Chinese enterprises, according to Timberbiz.

About 167 Chinese enterprises, predominantly from the private sector, participated in overseas forestry projects by the end of 2014. Nearly half of these investments are in the form of sole proprietorship. Another 36% are joint ventures and a remaining 16% comes in other forms of cooperation.

The main overseas investment in the forestry or wood industry were enterprises in Heilongjiang, Inner Mongolia Autonomous Region, Jilin, Shandong and Jiangsu; with investments in forestry projects across 18 countries. 

The largest Chinese investment was in Russia, at around US$3 billion accounting for 76% of all overseas investments in forestry.


Source: Timberbiz