This report analyzes China’s forestry investment and afforestation，forestry production，international trade and forest products market in 2020，and provides an outlook of the development trend of forestry economy in 2021. In 2020，China’s forestry investment scale dropped slightly. The nationwide afforestation area exceeded 100 million mu. The total output value of forestry showed a declining trend，and the domestic timber production has reduced. The trade value of forest products was 160 billion U.S. dollars，of which wood forest products accounted for 66%. The main imported forest products were wood pulp，logs and sawn timber，the main exported products were based on paper products and wood furniture，while the exports of logs and sawn timber decreased. Affected by the outbreak of COVID-19，the domestic market of forest products has shrunk，and the vast majority of forest products market differentiation was serious. Domestic timber prices were relatively stable. In 2021，China’s afforestation area will be drastically adjusted，and the investments in forestry will gradually increase. The import and export trade of forest products will continue to increase，and the export situation of forest products will improve. The domestic forest products market tends will be stable，and the price of wood products is expected to rise to a rather limited extent.