Abstract: It has become more and more evident that forest sequestration sink plays an important role in coping with climate change. Analysis of carbon sequestration policy based on CGE model can provide a solid basis for policy design. The prerequisite of CGE model construction is to build the social accounting matrix (SAM) of the forestry sector. Based on the 2007 Input-Output Tables of China an taking account of other statistical data, this paper compiles the 2007 Chinese social accounting matrix of the forestry sector. This SAM checks the accounts related with the forestry sector, and reasonably estimates the data not included in the statistical yearbook. It can serve as the data basis for the modeling and application of CGE model.