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Private Equity Fund Of Funds After decades of logging that has left large swaths of the country looking like a desert wasteland, China embarked yesterday on a $10 billion, 10-year program to cover 170,000 square miles with trees -- an area about the size of California.

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Curve Equity Exposed Fund It is the largest reforestation project ever, forestry officials said, suggesting only such an unprecedented effort can stop the expanding deserts, chronic droughts and deadly flooding in China that are blamed on wholesale logging.

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Equity Income Funds Lei Jiafu, deputy administrator of the State Administration of Forestry, acknowledged that a substantial tree-planting program under way since the 1980s has failed to stop the degradation of the country's forests.

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Capital Casebook Equity "China has not fundamentally reversed the trend of a deteriorating ecosystem," Lei said at a news conference to announce the plans.

Dig round the tree roots in line with the canopy. 697.jpg Wrap the rootball in a sheet and move to the new site. 698.jpg Replant tree to the correct level, water well and apply mulch. Other Plants and Planting Articles Mixed container planting dividing a perennial Planning groups in a border

Private Investment In Public Throughout much of the last century, the world's most populous country thought little of cutting down its forests. With 1.3 billion mouths to feed and a burgeoning economy, China needed both the land and the timber.

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Equity Mutual Funds The government says 16 percent of China is still forested, but its figures often include such features as orchards. According to outside estimates, only a small percentage of the country's original forests still stands, despite the millions of trees planted since the 1980s in the smaller-scale effort.

Birmingham Contact Equity The plans unveiled yesterday embrace six projects that range from reforesting hillsides to creating protected grasslands and nature reserves for pandas, Tibetan antelopes and rare orchids.

Private Equity Investment Firm The government expects to spend the equivalent of $12 billion on the effort, part of which will be used to pay farmers in some areas to turn cropland into forest, Lei said.

Complying Deal Equity Funds In the 1950s, hills were stripped of trees to fuel steel furnaces and to clear farmland. That has left hillsides unable to trap rainfall, worsening summer floods that often kill hundreds of people along the Yangtze River in central China, and in the northeast.

Equity Msn Private Wyoming In the 1990s, efforts to expand grain output led to the clearing of more hillsides and farming in areas with fragile soil that quickly gave out and turned to wasteland. That has led to the spread of deserts in the north and sandstorms that scour Beijing and other major cities.

American Equity Investment Officials plan to create barriers to shield Beijing and other cities from sandstorms by planting trees on 10,500 square miles of farmland, Lei said.

Equity Index Funds Beijing already has planted such barriers on a smaller scale, cutting the size of gritty dust storms that smother the Chinese capital each spring.

Equity Private Team Wyoming China banned logging in 1998 in large areas of the vast western province of Sichuan, where forests had been turned into fields of stumps. Experiments began that year with planting trees on farmland.

Equity Group Investment To replace logging in forests, China plans to start commercial tree farms this year, financed by private investors, Lei said.

Capital Development Equity Plans call for 82 million acres of tree plantations to be created over the next 10 to 15 years, Lei said. He said officials also hope to reduce demand for timber by boosting efficiency in China's lumber and paper industries.

Article Between Difference One problem facing the new, bigger effort will be finding the trees. China has a thriving tree- farming industry, but whether it can produce all the required seedlings remains to be seen, Lei said. He gave no indication China would rely on foreign supplies or technology.

Contact Equity Private Wyoming Other obstacles to the nationwide effort include a shortage of money and uncertainty about the best species of trees to plant in many areas, Lei said.

Agreement Equity Investment Nevertheless, he said, "We believe that we can achieve our goals in these programs."

Business Equity Funds By Joe McDonald
Associated Press - 5/15/2002

Topic: Forests & Trees

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