Development of Sustainable Forestry Plantations in China: a Review

Total Page:16

File Type:pdf, Size:1020Kb

Development of Sustainable Forestry Plantations in China: a Review Development of sustainable forestry plantations in China: a review John W. Turnbull June 2007 The Australian Centre for International Agricultural Research (ACIAR) operates as part of Australia’s international development cooperation program, with a mission to achieve more-productive and sustainable agricultural systems, for the benefit of developing countries and Australia. It commissions collaborative research between Australian and developing-country researchers in areas where Australia has special research competence. It also administers Australia’s contribution to the International Agricultural Research Centres. ACIAR seeks to ensure that the outputs of its funded research are adopted by farmers, policymakers, quarantine officers and other beneficiaries. In order to monitor the effects of its projects, ACIAR commissions independent assessments of selected projects. This series reports the results of these independent studies. Communications regarding any aspects of this series should be directed to: The Research Program Manager Policy Linkages and Impact Assessment Program ACIAR GPO Box 1571 Canberra ACT 2601 Australia tel +612 62170500 email <[email protected]> © Australian Centre for International Agricultural Research GPO Box 1571, Canberra ACT 2601 Turnbull, J.W. Development of sustainable forestry plantations in China: a review. Impact Assessment Series Report No. 45, June 2007. This report may be downloaded and printed from <www.aciar.gov.au>. ISSN 1832-1879 Editing and design by Clarus Design Printing by Elect Printing From: Turnbull, J.W. Development of sustainable forestry plantations in China: a review. Impact Assessment Series Report No. 45, June 2007. Foreword The forestry sector in China is a major contributor to ACIAR felt the need to more fully document the story of economic growth. The development of fast-growing, Chinese forestry development, because of its socioeco- high-yielding plantations for wood production has nomic significance. Doing so also helps illustrate how made a significant contribution to this sector, especially collaboration and coordination of a range of research over the past 20–30 years. and development activities are required for success. Research into fast-growing, high-yielding plantation We believe that the story Dr John Turnbull relates in species, many of which are eucalypts from Australia, this interesting report is important and will be useful has been an important part of the Australian Centre for to others undertaking large, complex, research and International Agricultural Research (ACIAR) program development activities. We thank John for his account, in China since the Centre’s inception. and also the many people who collaborated with him to ensure the details are clear and accurate. Three impact assessment studies into this research activity have been commissioned by ACIAR during the past 15 years and, in each case, as more concrete evidence has become available, it has been shown that the returns on investment have been extremely high. Peter Core For development to be as impressive as this aspect Director of Chinese forestry has been, it was crucial for many ACIAR individuals and organisations to work together. Attribution of the benefits from a successful research activity is always difficult, and can be a sensitive issue. While the authors of all ACIAR Impact Assessment Series reports are mindful of this, there is rarely sufficient time to provide a full and detailed description and analysis of the whole activity and all contributions. Development of sustainable forestry plantations in China: a review (IAS 45) — June 2007 3 From: Turnbull, J.W. Development of sustainable forestry plantations in China: a review. Impact Assessment Series Report No. 45, June 2007. Contents Foreword . 3. Abbreviations . 7. Acknowledgments . 8. Summary . 9. Introduction . 1. 2 Background . 1. 3 Overview of China’s forest resources . 1. 3 Trends in consumption and wood processing . 1. 4 China’s policies and their effects on development of the forest plantation sector . 1. 7 Economic reform . 1. 7 Land and forest ownership . 1. 7 Deforestation . 2. 0 Afforestation . 2. 0 Historical development of Chinese eucalypt plantations . 2. 4 Why plant eucalypts in China? . 2. 4 Pre-1949 introductions and planting . 2. 6 Eucalypt planting during the pre-reform period 1950–1978 . 2. 6 Eucalypt planting during the post-reform period 1978–1990 . 3. 0 Developments in research and planting 1990–2006 . 3. 4 Domestication of eucalypts in China . 4. 2 Selection of species and provenances . 4. 3 Tree breeding . 4. 6 Nursery practices . 49. Silvicultural practices . 5. 2 Wood quality . 5. 7 Sustainable management of eucalypt plantations in China . 59. Environmental impacts . 6. 0 Socioeconomic impacts . 6. 2 Development of sustainable forestry plantations in China: a review (IAS 45) — June 2007 5 From: Turnbull, J.W. Development of sustainable forestry plantations in China: a review. Impact Assessment Series Report No. 45, June 2007. Concluding remarks . 6. 6 References . 68. Tables 1 Wood removals from forests in China.................................................................15 2 Changes in ownership of China’s forests ...............................................................18 3 Evolution of tree tenure and marketing systems in non-state forests in south China . 19 4 Types of plantations established in China, 1949–1977 . .21 5 Evolution of eucalypt plantation technology in China from 1978 to 2006 . 32 6 Main eucalypt species planted in China in 1992 and 2004 . .37 7 Average yield gains in Chinese commercial eucalypt plantations .......................................41 8 Growth of introduced eucalypt species relative to Eucalyptus exserta at Dongmen . .44 Figures 1 (a) Eucalyptus globulus in the grounds of the Golden Temple, Kunming, Yunnan; (b) Eucalyptus exserta planted an estimated 100 years ago near a village close to Zhuhai, Guangdong..................27 2 Eucalypt species trial planted 1974 at Leizhou Forestry Bureau, Guangdong ............................29 3 Raising Eucalyptus exserta in the nursery at Leizhou Forestry Bureau in 1980 . .30 4 Intensive site cultivation in a new eucalypt plantation at Leizhou Forestry Bureau in 1980 . 31 5 Eucalypt wood chips being exported from Zhanjiang, Guangdong .....................................38 6 Medium density fibreboard produced from eucalypts at a factory in Zhanjiang, Guangdong . .39 7 Asia Pulp and Paper pulp mill on Hainan Island . .39 8 Paper factory in Guangzhou, Guangdong . .40 9 Clonal planting of a hybrid eucalypt for pulpwood production at Pu Bei County, Qinzhou Prefecture, Guangxi. Planting distance 4 m × 1.25 m. Expected mean annual increment at end of rotation (6 years) is 26 m3/ha/year. .................................................................51 10 Poor growth of Eucalyptus globulus due to nutrient deficiency in plantations at An Lin Forest Bureau, Yunnan. Trees in foreground are unfertilised, trees in background have received phosphorus and boron fertiliser....................................................................................54 11 A fertiliser trial in a clonal planting of Eucalyptus urophylla × E. grandis aged 25 months at Zhenghai State Forest Farm, Guangdong ..............................................................55 12 Litter raked for fuel in a Guangxi eucalypt plantation..................................................65 6 Development of sustainable forestry plantations in China: a review (IAS 45) — June 2007 From: Turnbull, J.W. Development of sustainable forestry plantations in China: a review. Impact Assessment Series Report No. 45, June 2007. Abbreviations ACIAR Australian Centre for International GIFDCP Guangxi Integrated Forestry Agricultural Research Development and Conservation Project AIDAB Australian International Development Assistance Bureau (now AusAID) ITTO International Tropical Timber Organization APP Asia Pulp and Paper MDF medium-density fibreboard AusAID Australian Agency for International Development MOFERT Ministry of Foreign Economic Relations and Trade CAF Chinese Academy of Forestry NAP National Afforestation Project CERC China Eucalypt Research Centre R&D research and development CIFOR Center for International Forestry Research RITF Research Institute of Tropical Forestry CPC Communist Party of China SFA State Forest Administration FRDPP Forest Resource Development and Protection Project Development of sustainable forestry plantations in China: a review (IAS 45) — June 2007 7 From: Turnbull, J.W. Development of sustainable forestry plantations in China: a review. Impact Assessment Series Report No. 45, June 2007. Acknowledgments The author thanks the research scientists and forestry Christian Cossalter consultants who provided corrections and constructive Richard Pegg comments on the proposal for this review and on the subsequent draft publication. Contributions of Dr Garth Nikles the following people in China and Australia who John Simpson freely gave their time and provided information are Alan Brown especially appreciated: Suzette Searle Dr Xu Daping Dr Roger Arnold Professor Wang Huoran Stephen Midgley Professor Yang Minsheng Laurelle Tunks Professor Chen Shaoxiong Dr Ross Florence Qi Suxiong Dr Russell Haines Dr Liu Dachang 8 Development of sustainable forestry plantations in China: a review (IAS 45) — June 2007 From: Turnbull, J.W. Development of sustainable forestry plantations in China: a review. Impact Assessment Series Report No. 45,
Recommended publications
  • Table of Codes for Each Court of Each Level
    Table of Codes for Each Court of Each Level Corresponding Type Chinese Court Region Court Name Administrative Name Code Code Area Supreme People’s Court 最高人民法院 最高法 Higher People's Court of 北京市高级人民 Beijing 京 110000 1 Beijing Municipality 法院 Municipality No. 1 Intermediate People's 北京市第一中级 京 01 2 Court of Beijing Municipality 人民法院 Shijingshan Shijingshan District People’s 北京市石景山区 京 0107 110107 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Haidian District of Haidian District People’s 北京市海淀区人 京 0108 110108 Beijing 1 Court of Beijing Municipality 民法院 Municipality Mentougou Mentougou District People’s 北京市门头沟区 京 0109 110109 District of Beijing 1 Court of Beijing Municipality 人民法院 Municipality Changping Changping District People’s 北京市昌平区人 京 0114 110114 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Yanqing County People’s 延庆县人民法院 京 0229 110229 Yanqing County 1 Court No. 2 Intermediate People's 北京市第二中级 京 02 2 Court of Beijing Municipality 人民法院 Dongcheng Dongcheng District People’s 北京市东城区人 京 0101 110101 District of Beijing 1 Court of Beijing Municipality 民法院 Municipality Xicheng District Xicheng District People’s 北京市西城区人 京 0102 110102 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Fengtai District of Fengtai District People’s 北京市丰台区人 京 0106 110106 Beijing 1 Court of Beijing Municipality 民法院 Municipality 1 Fangshan District Fangshan District People’s 北京市房山区人 京 0111 110111 of Beijing 1 Court of Beijing Municipality 民法院 Municipality Daxing District of Daxing District People’s 北京市大兴区人 京 0115
    [Show full text]
  • M Beneficiaries of the Greater Bay Area's Transition to Low- Carbon
    MM October 13, 2019 10:43 PM GMT China's Urbanization 2.0 Beneficiaries of the Greater Bay Area's Transition to Low- Carbon Energy Nuclear is the best option for GBA's transition to low carbon. We double upgrade CGN Power to OW and upgrade HKEI to OW. Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision. For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report. += Analysts employed by non-U.S. affiliates are not registered with FINRA, may not be associated persons of the member and may not be subject to NASD/NYSE restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account. MM Contributors MORGAN STANLEY ASIA LIMITED+ MORGAN STANLEY ASIA LIMITED+ Simon H.Y. Lee, CFA Beryl Wang Equity Analyst Research Associate +852 2848-1985 +852 3963-3643 [email protected] [email protected] MORGAN STANLEY ASIA LIMITED+ MORGAN STANLEY ASIA LIMITED+ Yishu Yan Eva Hou Research Associate Equity Analyst +852 3963-2846 +852 2848-6964 [email protected] [email protected] MM China's Urbanization 2.0 Beneficiaries of the Greater Bay Area's Transition to Low- Carbon Energy uclear is the best option for GBA's transition to low carbon.
    [Show full text]
  • University of Birmingham the Short-Term Economic
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by University of Birmingham Research Portal University of Birmingham The Short-Term Economic Impact of Tropical Cyclones: Del Valle, Alejandro; Elliott, Robert; Strobl, Eric; Tong, Meng DOI: 10.1007/s41885-018-0028-3 License: None: All rights reserved Document Version Peer reviewed version Citation for published version (Harvard): Del Valle, A, Elliott, R, Strobl, E & Tong, M 2018, 'The Short-Term Economic Impact of Tropical Cyclones: Satellite Evidence from Guangdong Province', Economics of Disasters and Climate Change, pp. 1-11. https://doi.org/10.1007/s41885-018-0028-3 Link to publication on Research at Birmingham portal Publisher Rights Statement: This is a post-peer-review, pre-copyedit version of an article published in Economics of Disasters and Climate Change. The final authenticated version is available online at: https://doi.org/10.1007/s41885-018-0028-3 General rights Unless a licence is specified above, all rights (including copyright and moral rights) in this document are retained by the authors and/or the copyright holders. The express permission of the copyright holder must be obtained for any use of this material other than for purposes permitted by law. •Users may freely distribute the URL that is used to identify this publication. •Users may download and/or print one copy of the publication from the University of Birmingham research portal for the purpose of private study or non-commercial research. •User may use extracts from the document in line with the concept of ‘fair dealing’ under the Copyright, Designs and Patents Act 1988 (?) •Users may not further distribute the material nor use it for the purposes of commercial gain.
    [Show full text]
  • The Short-Term Economic Impact of Tropical Cyclones
    The Short-Term Economic Impact of Tropical Cyclones: Satellite Evidence from Guangdong Province Alejandro Del Valle*, Robert J R Elliott**, Eric Strobl*** and Meng Tong** *Georgia State University, ** University of Birmingham, *** University of Bern Abstract We examine the short term economic impact of tropical cyclones by estimating the effects on monthly nightlight intensity within a year of a typhoon strike. Using as a study area Guangdong Province in Southern China, we proxy monthly economic activity using remote sensing derived monthly night time lights intensity and combine this with local measures of wind speed using a tropical cyclone wind field model. Our econometric results reveal that there is only a significant negative impact in the month of the typhoon strike. JEL Codes: O17, O44, Q54 Keywords: China, Typhoons, Wind Field Model, Economic Impact, Nightlight imagery Corresponding Author: Professor Robert J R Elliott, Department of Economics, University of Birmingham, tel: 01214147700, email: [email protected] 1 1. Introduction There is a growing literature that examines the economic impact of tropical cyclones. Predictions that the intensity of typhoons will increase with global warming means that understanding the economic consequences of typhoons is of growing importance to academics and policymakers (Knutson et al. 2010 and Emanuel 2013). To date, the evidence from previous research is rather mixed, with most studies showing only a small negative and relatively short-lived effect. 1 Importantly though, previous papers have tended to use low frequency data which, in nearly all cases, means using annual data. However, tropical cyclones are, as with most natural disasters, relatively immediate events, where arguably much of the direct and indirect effects happen within the first few weeks of the disaster.
    [Show full text]
  • Koro Endemic Among School Children in Guangdong, China Li Jie
    Case Report Koro endemic among school children in Guangdong, China Li Jie Abstract. The occurrence of a koro endemic among elementary-school children is reported, the nature of the occurrence is elaborated, and the possible cause for the endemic is discussed. The episode occurred within a period of three days in Fuhu village in Guangdong Province in southern China in late May 2004. It involved 64 male students. Familiarity with koro in the community, tension among schoolchildren due to their studies, and a misleading warning and instruction from the school principle are considered contributing factors in the occurrence of this mass-hysterialike, unique phenomenon. Keywords: koro, endemic, schoolchildren, China, mass hysteria WCPRR December 2010: 102-105. © 2010 WACP ISSN: 1932-6270 INTRODUCTION Koro epidemics have occurred in the past in various regions of south Asia, including China, Thailand, Singapore, and India (Tseng, 2001; Tseng, 2006). It is well known that koro epidemics have occurred particularly frequently on Hainan Island in the China Sea and on nearby Leizhou Peninsula in Guangdong Province in southern China in the past several decades (Tseng et al, 1988; 1992). Koro was commonly known to occur in those coastal areas of southeast China, particularly when the community encountered social stress (Mo et al, 1995). However, the collective occurrence of koro among children was rare. A case has been reported from Sichuang Province (Zhang & Zhu, 1993), in the central part of China, but not in Guangdong Province. REPORT OF THE ENDEMIC The koro endemic occurred among elementary-school children in Fuhu village, Yangxi County, Guangdong Province, China.
    [Show full text]
  • Meeting the Need for Corrective Spectacles in Visually Impaired
    Clinical science Br J Ophthalmol: first published as 10.1136/bjophthalmol-2018-312262 on 2 October 2018. Downloaded from Meeting the need for corrective spectacles in visually impaired Chinese school children: the potential of ready-made spectacles Zhuoting Zhu,1 Leon B Ellwein,2 Sean K Wang,3 Jialiang Zhao,4 Mingguang He1,5 ► Additional material is ABSTRact Refractive error correction has been a priority published online only. To view Purpose To assess the potential of ready-made for the WHO’s Vision 2020: The Right to Sight please visit the journal online (spherical) spectacles (RMS) in meeting the need for global campaign to eliminate global visual impair- (http:// dx. doi. org/ 10. 1136/ 6 bjophthalmol- 2018- 312262). refractive correction in visually impaired children in ment and blindness. Although the treatment of China. URE with spectacles is straightforward, high costs 1 State Key Laboratory of Methods Eligible children aged 5–17 years were and poor access to refractive services limit universal Ophthalmology, Zhongshan correction. School-based screenings and spectacles Ophthalmic Center, Sun Yat-sen identified from the three study sites in China. Distance University, Guangzhou, China visual acuity was measured with a retroilluminated distribution programmes have become increasingly 7 2National Eye Institute, National logarithm of the minimum angle of resolution chart with common in recent years, some of which have used Institutes of Health, Bethesda, tumbling E optotypes. Cycloplegic autorefraction was ready-made spectacles (RMS) that provide equal Maryland, USA spherical correction in each eye8–10 and can be 3Harvard Medical School, performed on all children using a handheld autorefractor.
    [Show full text]
  • HAR19120033 E Guangdong Yueyun AR19()
    (A JOINT STOCK LIMITED COMPANY INCORPORATED IN THE People’S REPUBLIC OF CHINA WITH LIMITED LIABILITY) (於中華人民共和國註冊成立的股份有限公司) STO股份代號CK CO : 03399DE : 03399 Strengthen the core business and enact reformation Steady creation of a "travel service" network platform 2019 ANNUAL REPORT For identification purposes only PB GUANGDONG YUEYUN TRANSPORTATION COMPANY LIMITED2 GUANGDON2 G YUEGUANYUNG TRANSPORDONG YUETYAUNTION TRANSPOR COMPANTYA TLIMIIONT COMPANED Y LIMITED Annual Report 2019 4 Annual Report 2019Annual Report4 2019 4 Company Profile Guangdong Yueyun Transportation Company Limited (the “Company”, and together with its subsidiaries, the “Group”) is an integrated transportation service providers. The Company was established in 1999 and became listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock code: 03399) in 2005. Currently, the total share capital of the Company is 799,847,800 shares, with approximately 74.12% being held by its controlling shareholder, Guangdong Provincial Communication Group Company Limited (“GCGC”), and approximately 25.88% being held by H shareholders. The Group is principally engaged in the travel services business which is categorized into: • Road Passenger Transportation and Auxiliary Facilities • Expressway Service Zone Operation › Energy Business › Retail Business › Merchant Solicitation Business › Advertising Business • Operation of Taiping Interchange The strategic positioning employed by the Company’s “13th Five-Year” Development Plan for the Group: utilise its advantages in transportation
    [Show full text]
  • Vertical Facility List
    Facility List The Walt Disney Company is committed to fostering safe, inclusive and respectful workplaces wherever Disney-branded products are manufactured. Numerous measures in support of this commitment are in place, including increased transparency. To that end, we have published this list of the roughly 7,600 facilities in over 70 countries that manufacture Disney-branded products sold, distributed or used in our own retail businesses such as The Disney Stores and Theme Parks, as well as those used in our internal operations. Our goal in releasing this information is to foster collaboration with industry peers, governments, non- governmental organizations and others interested in improving working conditions. Under our International Labor Standards (ILS) Program, facilities that manufacture products or components incorporating Disney intellectual properties must be declared to Disney and receive prior authorization to manufacture. The list below includes the names and addresses of facilities disclosed to us by vendors under the requirements of Disney’s ILS Program for our vertical business, which includes our own retail businesses and internal operations. The list does not include the facilities used only by licensees of The Walt Disney Company or its affiliates that source, manufacture and sell consumer products by and through independent entities. Disney’s vertical business comprises a wide range of product categories including apparel, toys, electronics, food, home goods, personal care, books and others. As a result, the number of facilities involved in the production of Disney-branded products may be larger than for companies that operate in only one or a limited number of product categories. In addition, because we require vendors to disclose any facility where Disney intellectual property is present as part of the manufacturing process, the list includes facilities that may extend beyond finished goods manufacturers or final assembly locations.
    [Show full text]
  • Prevalence of and Risk Factors for Diabetic Retinopathy in a Rural Chinese Population: the Yangxi Eye Study
    Clinical and Epidemiologic Research Prevalence of and Risk Factors for Diabetic Retinopathy in a Rural Chinese Population: The Yangxi Eye Study Guangming Jin,1 Wei Xiao,1 Xiaohu Ding,1 Xiao Xu,2 Lei An,2 Nathan Congdon,1,3,4 Jialiang Zhao,5 and Mingguang He1,6 1State Key Laboratory of Ophthalmology, Zhongshan Ophthalmic Center, Sun Yat-sen University, Guangzhou, China 2Rehabilitation Administration Department, National Institute of Hospital Administration, Chinese National Health and Family Planning Commission, Beijing, China 3Translational Research for Equitable Eye Care, Centre for Public Health, Royal Victoria Hospital, Queen’s University Belfast, Belfast, United Kingdom 4Orbis International, New York, New York, United States 5Chinese Academy of Medical Sciences, Peking Union Medical College Hospital, Beijing, China 6Centre for Eye Research Australia, Ophthalmology, Department of Surgery, University of Melbourne, Melbourne, Australia Correspondence: Mingguang He, PURPOSE. To investigate the prevalence and determinants of diabetic retinopathy (DR) among Zhongshan Ophthalmic Center, #54 older adults in rural Southern China. Xianlie South Road, Yuexiu District, Guangzhou 510060, People’s Re- METHODS. Using random cluster sampling, persons aged 50 years or older were randomly public of China; selected in rural Yangxi County, Guangdong Province, China. All participants underwent a [email protected]. standardized interview, fundus photography, and point of service glycosylated hemoglobin Jialiang Zhao, Chinese Academy of A1c (HbA1c) testing. Diabetes mellitus (DM) was diagnosed based on confirmed medical Medical Sciences, Peking Union history or HbA1c ‡6.5%. Fundus photographs were graded for DR and diabetic macular Medical College Hospital, #1 Dong- edema (DME) based on the United Kingdom National Diabetic Eye Screening Program jiaomin Street, Dongcheng District, guidelines.
    [Show full text]
  • Directors and Senior Management
    THIS DOCUMENT IS IN DRAFT FORM. The information contained in it is in draft form, incomplete and subject to change and must be read in conjunction with the section headed “Warning” on the cover of this document. DIRECTORS AND SENIOR MANAGEMENT BOARD OF DIRECTORS Our Board is responsible for and has general powers for the management and conduct of our business. Our Board consists of eight Directors, including two executive Directors, three non-executive Directors and three independent non-executive Directors. We have a core technical team comprising two executive Directors and two members of our senior management, namely, Mr. Chen Xingzan, Mr. Zhao Jin, Mr. Li Zhiwei and Mr. Liu Ruolong respectively, having approximately 24, 25, 30 and 29 years of relevant experience in the granite mining industry. Our Group believes that our core technical team possesses the management expertise and knowledge required for the mining operations of our Group. The table below sets out certain information about the members of our Board and senior management: Relationship with other Directors and senior Date of Date of joining Main management Name Age Position appointment our Group responsibilities (if any) Executive Directors CHEN, Xingzan 41 Executive Director and 21 January 9 September Managing the overall N/A (陳星贊) chief executive officer 2020 2015 operation of our (“CEO”) Group, including but not limited to, managing the overall production process, providing technical guidance and supervising the retail team of our Group ZHAO, Jin (趙勁) 61 Executive Director 21 January 1 June 2019 Overseeing mining and N/A 2020 production matters, evaluating mining policies and overseeing production safety – 184 – THIS DOCUMENT IS IN DRAFT FORM.
    [Show full text]
  • Interim Report 2016 1 Company Profile
    Contents Company Profile 2 Company Information 3 Financial Highlights 4 Chairman’s Statement 6 Management Discussion and Analysis 9 Other Information 22 Unaudited Interim Financial Report Consolidated Balance Sheet 32 Balance Sheet 35 Consolidated Income Statement 38 Income Statement 40 Consolidated Cash Flow Statement 41 Cash Flow Statement 43 Consolidated Statement of Changes in Shareholders’ Equity 45 Statement of Changes in Shareholders’ Equity 47 Notes to the Interim Financial Report 49 CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS This report may contain certain forward-looking information and/or information that is not based on historical data and uses forward-looking expressions such as “anticipate”, “believe”, “intend”, “could”, “expect”, “estimate”, “may”, “ought to”, “should” or “will”. Readers are cautioned that reliance on any forward-looking statements involves risks and uncertainties and that, although the Group believes that assumptions on which the forward-looking statements are based are reasonable, any or all of those assumptions could prove to be incorrect and as a result, the inclusion of forward-looking statements in this report should not be regarded as representations by the Group concerning future performance of the Group and readers should not place undue reliance on such forward-looking statements. Unless required by regulatory authorities otherwise, the Group is not obliged or liable to update those forward-looking statements hereafter. Interim Report 2016 1 Company Profile Guangdong Yueyun Transportation Company Limited (the “Company”) and its subsidiaries (collectively, the “Group”) are the leading integrated transportation and logistics service providers in the Guangdong Province. The Company’s controlling shareholder is Guangdong Provincial Communication Group Company Limited (“GCGC”), a state-owned enterprise established in China.
    [Show full text]
  • Mangroves in South China Sea CHINA
    United Nations UNEP/GEF South China Sea Global Environment Environment Programme Project Facility NATIONAL REPORT on Mangroves in South China Sea CHINA Dr. Hangqing Fan Focal Point for Mangroves Guangxi Mangrove Research Centre 92 East Changqing Road, Beihai City 536000 Guangxi Zhuang Autonomous Region, China NATIONAL REPORT ON MANGROVES IN SOUTH CHINA SEA – CHINA Table of Contents 1. GEOGRAPHIC DISTRIBUTION............................................................................................................1 1.1 MAPS..............................................................................................................................................1 1.2 AREA DISTRIBUTION ........................................................................................................................1 2. MANGROVE SPECIES DISTRIBUTION AND FORMATION...............................................................3 2.1 SPECIES DISTRIBUTION....................................................................................................................3 2.2 FORMATION.....................................................................................................................................4 2.2.1 Bruguiera Formation ...........................................................................................................4 2.2.2 Rhizophora Formation.........................................................................................................5 2.2.3 Kandelia Formation .............................................................................................................5
    [Show full text]