No it's not a dying tree, it's a Paperbark Maple from Central China. As the bark peels and falls off the new bark starts to peel. The older the tree is the more red the bark is.
Camera Make: RICOH Model: CX2
Exposure Program: Program, Focal length: 5.4 mm, Aperture: f 3.7, ISO: 84, Exposure time: 1/36 sec, Metering Mode: Multi-Segment, Exposure Bias: -0.7 EV
Date/Time Creation: March 11, 2012, 2:18 pm
ImageID:1146418, Image size: 2592 x 3456 pixels
restricted free use Wallpaper