A critical review presented in this p aper focused on conceptual and methodological issues emerging in China' s forest valuation.The review also g ave consideration of international progresses in this field.The paper contains two parts.In Part I discussion is made for existence value,opti on value,indirect user value,repla cement value,value decomposition,value a ggregation,and normalization of me asuring forest values for consistin g with national account system and filtrating pseudo -components embodied in p revious forest -valuing.And Part II pre-sents a discussion on the issue of cost -based forest account.