After reviewing the present status and prospects of the wood industry in the world, the author suggested that in response to the economic globalization and China’s entry into the WTO, the Chinese wood industry should further develop IT application, optimize and upgrade industrial structure and raise quality of labor force, blazing a new trail to industrialization featuring high scientific and technological content, good economic return, low resources consumption, little environmental pollution and a full display of advantages in human resources, so as to enhance its international competitiveness to supply customers better products and services at lower cost. 