To boost domestic demand and promote high-standard production, China has adjusted import tariff rates for certain goods in 2025. Among them, tariffs on some imported wood products—including veneer, wood flooring, fiberboard, plywood, wooden doors, wooden formwork, wooden pallets, wooden tools, cork and cork products, etc have been revised. Most wood products continue to enjoy a provisional tax rate of 0% maintaining the policy implemented in 2024. Data from China's National Forestry and Grassland Administration shows that the total output value of China’s forestry industry reached 10.17 trillion yuan in 2024 marking a year-on ...