The location and mechanisms responsible for the carbon sink in northern mid-latitude lands are uncertain. Here, we used an improved estimation method of forest biomass and a 50-year national forest resource inventory in China to estimate changes in the storage of living biomass between 1949 and 1998. Our results suggest that Chinese forests released about 0.68 petagram of carbon between 1949 and 1980, for an annual emission rate of 0.022 petagram of carbon. Carbon storage increased significantly after the late 1970s from 4.38 to 4.75 petagram of carbon by 1998, for a mean accumulation rate of 0.021 petagram of carbon per year, mainly due to forest expansion and regrowth. Since the mid-1970s, planted forests (afforestation and reforestation) have sequestered 0.45 petagram of carbon, and their average carbon density increased from 15.3 to 31.1 megagrams per hectare, while natural forests have lost an additional 0.14 petagram of carbon, suggesting that carbon sequestration through forest management practices addressed in the Kyoto Protocol could help offset industrial carbon dioxide emissions.

Significance: Previous estimations of carbon budgets in China’s terrestrial ecosystems varied greatly because of the multiplicity of data sources and the inconsistency of methodologies. By conducting a methodologically consistent field campaign across the country, we estimated that the total carbon pool in China’s forests, shrublands, grasslands, and croplands was 79.24 ± 2.42 Pg C. The carbon density exhibited a strong dependence on climate regime: it decreased with temperature but increased with precipitation. The country’s forests have a large potential of biomass carbon sequestration of 1.9–3.4 Pg C in the next 10 to 20 years assuming no removals. Our findings provide a benchmark to identify the effectiveness of the government’s natural protection policies.