CHENGDU -- China has more than 6.67 million hectares of bamboo forests with an annual output value of nearly 320 billion yuan (about $49.6 billion), said Huang Zhengqiu, an official with the National Forestry and Grassland Administration.

China's bamboo forest area, bamboo accumulation, quality of bamboo products, profits and exports are among the top in the world, said Huang at a press conference of the 11th China Bamboo Cultural Festival held Tuesday.

The 11th China Bamboo Cultural Festival is scheduled from Oct 19 to 21 in Yibin, Southwest China's Sichuan province.

This year's festival will invite representatives from industry management departments, key bamboo producing areas, scientific research institutions, enterprises, and international professionals to gather together to discuss and make suggestions for the development of the bamboo industry.

At the same time, the bamboo cultural festival will also focus on displaying new equipment, cutting-edge processes, and new products of China's bamboo industry.

A total of 128 enterprises from 15 provinces in key bamboo-producing areas in China will participate in online and offline exhibitions. Twelve events will be held during the festival, including six main activities, such as the opening ceremony and summit forum, and six special activities, such as a bamboo calligraphy exhibition and a bamboo photography exhibition.

The first Bamboo Cultural Festival took place in 1997. The 11th China Bamboo Cultural Festival was supposed to be held in the first half of 2020 but was postponed to this year due to COVID-19.