Title :
The Impact of Global Financial Crisis on China´s Trade in Forest Product and Countermeasures
Author :
Cao Yu-kun ; Guo Hong-fei
Author_Institution :
Sch. of Econ. & Manage., Northeast Forestry Univ., Harbin, China
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.
Keywords :
financial management; forestry; international trade; macroeconomics; wood products; Chinese trade; construction industry depression; countermeasures; estate industry depression; export; foreign trade; forest product processing; forest product production; forestry economy; global financial crisis; import; Conference management; Crisis management; Engineering management; Europe; Financial management; Forestry; Government; Innovation management; Large-scale systems; Power generation economics; global financial crisis;
Conference_Titel :
Information Management, Innovation Management and Industrial Engineering, 2009 International Conference on
Conference_Location :
Xi´an
Print_ISBN :
978-0-7695-3876-1
DOI :
10.1109/ICIII.2009.599