Paper Sector Offers Golden Investment OpportunitiesChina's paper sector is in dire need of investment to satisfy an expected increasing demand for paper products within the next 15 years.With the country's rapid economic growth, domestic demand for paper products will surge to 80 million tons in 2015, said Cao Pufang, vice president of China Paper Association. The sector will require an investment of about 490 billion yuan (about 59 billion US dollars) to enhance domestic output to meet the demand, said Cao. But the sector is in short of investment funding, which is the largest bottleneck to the paper output increase, he said. Investment in the sector has averaged about 10 billion yuan (about 1.2 billion US dollars) per year in recent years, according to China Daily Business Weekly. The investment shortage provides a golden opportunity for foreign paper-making companies to expand their presence in the country. Although the country encourages foreign investment in the sector, some special products such as glassine, banknote paper and stamp paper, are still inaccessible to foreign investors. A mounting shortage of paper products especially for printing and packaging looms in the country, according to the association. |
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