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Signs of recovery are mixed feld of carbon footprint accounting for wood products and
Consumer prices fell in October after briefy levelling out, a improves the transparency and consistency of the evaluation and
sign that consumers remain cautious despite the government notifcation of carbon footprint accounting for wood products
stimulus measures. Also, producer prices fell for a 13th to help enterprises better understand the carbon footprint of
consecutive month, dropping 2.6 percent year-on-year, against their wood products to achieve targeted carbon reductions.
a 2.7 percent decline forecast by economists and following

a 2.5 percent contraction in September. Inner Mongolia's "made in Ulanqab" furniture exported
China’s economy has shown mixed signs of recovery to Russia
in recent months leading economists to debate whether Finished furniture made in Ulanqab City, Inner Mongolia
it will hit the government’s GDP growth target this year of Autonomous Region are being exported to Russia on the
fve percent, the lowest in decades. Prices fell into negative China-Europe train for the frst time, the destination is Russia’s
territory in July before edging back into growth in the months Yekaterinburg. 24 categories of furniture were shipped such as
that followed. sofas, beds, dining tables and chairs which were customised
The IMF has upgraded its forecast for China’s GDP growth according to the needs of Russian customers.
to 5.4 percent citing stronger support from policymakers who Chinese enterprises imported timber from Russia to

have been easing monetary policy and easing restrictions on Ulanqab through the China-Europe freight train for processing
property purchases and mortgages to try to stabilise the real into furniture products and then re-exported these items to
estate market. Russia and other countries. Chinese enterprises have a large
number of customers in Russia.
Group standard on carbon footprint accounting Chinese enterprises will rely on the China-Europe freight
Eleven departments, including the Standardisation Administration train and Ulanqab's geographical and resource advantages,
of China, the National Development and Reform Commission strengthened industrial advantages and extended industrial

and the Ministry of Industry and Information Technology chain to provide impetus for cross-border, cross-regional and
jointly issued the Guidelines for the Construction of a Carbon cross-feld industrial cooperation in the future.
Peak and Carbon Neutral Standard. The Carbon Peak and More local products from Ulanqab will be exported to
Carbon Neutral Standard system was structured around create new patterns of foreign trade in Ulanqab City.
basic universal standards as well as the development needs Since the frst China-Europe freight train was launched
for carbon reduction, carbon removal and carbon market in Ulanqab city in 2016 the development of the train service
development. has been continuously improved.
A Technological Specifcation for Carbon Footprint Since the beginning of 2023, the total number of China-
Accounting for Timber Products was recently published Europe freight trains from Ulanqab City was 114 trains with

with aim of responding to national policies and promote 4,690 carriages, up 200 percent year-on-year with a total
systematic construction of carbon peak and carbon neutral cargo value of US$203 million and a total cargo weight of
standard system. 63,200 tonnes.
The Standard number is T/TSNR002-2023. This Standard This has provided a solid foundation for Ulanqab City to
is China's frst carbon footprint accounting standard for timber actively participate in the construction of the China-Mongolian-
product. Russia Economic Corridor. FDM
The release of this standard makes up for the gap in the ENQUIRY NO. 1101