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2019 Annual Report of China's Paper Industry

  • China Paper Association
China Paper Association, Beijing, 100833, China

Updated:2020-07-17

DOI:10.12103/j.issn.2096-2355.2020.03.007

  • Full Text
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Abstract

According to the 2019 annual report of China’s Paper Industry by China Paper Association (CPA), in 2019, there were about 2700 paper & board manufacturers in mainland China. The total production of paper & board was 107.65 million tons, increased by 3.16% and the total consumption was 107.04 million tons, increased by 2.54% compared with 2018, respectively, paper & board per capita consumption was 75 kg (counted in 1.4 billion people). This report includes a rather elaborate analysis of the China’s paper industry and is provided for the readers’ reference.

1 Production and consumption of paper & board

1.1 The general situation of 2019

According to the survey made by China Paper Association (CPA), in 2019, there were about 2700 paper & board manufacturers in mainland China. The total production of paper & board was 107.65 million tons, increased by 3.16% and the total consumption was 107.04 million tons, increased by 2.54% compared with 2018, respectively, paper & board per capita consumption was 75 kg. From 2010 to 2019, the average annual growth rate of paper & board production was 1.68%, and the average annual growth rate of paper & board consumption was 1.73%, as shown in Fig. 1 and Table 1.

Fig. 1 Total production and consumption of paper & board (2010-2019)

Table 1 Production and consumption of main paper & board grades in 2019
GradeProductionConsumption

2018

/million tons

2019

/million tons

Change

/%

2018

/million tons

2019

/million tons

Change

/%

Total amount 104.35 107.65 3.16 104.39 107.04 2.54
1. Newsprint 1.90 1.50 -21.05 2.37 1.95 -17.72
2. Uncoated printing & writing paper 17.50 17.80 1.71 17.51 17.49 -0.11
3. Coated printing paper 7.05 6.80 -3.55 6.04 5.42 -10.26
Coated art paper 6.55 6.30 -3.82 5.81 5.35 -7.92
4. Household paper 9.70 10.05 3.61 9.01 9.30 3.22
5. Packaging paper 6.90 6.95 0.72 7.01 6.99 -0.29
6. White board 13.35 14.10 5.62 12.19 12.77 4.76
Coated white board 12.75 13.50 5.88 11.58 12.16 5.01
7. Liner board 21.45 21.90 2.10 23.45 24.03 2.47
8. Corrugating medium 21.05 22.20 5.46 22.13 23.74 7.28
9. Specialty paper & board 3.20 3.80 18.75 2.61 3.09 18.39
10. Other paper & board 2.25 2.55 13.33 2.07 2.26 9.18

Shares of production and consumption of main paper & board grades in the nation’s gross in 2019 are shown in Fig. 2 and Fig. 3, respectively.

Fig. 2 Production shares of main paper & board grades in 2019

Fig. 3 Consumption shares of main paper & board grades in 2019

1.2 Production and consumption of main paper & board grades

1.2.1 Newsprint

In 2019, the production and consumption of newsprint were 1.50 million tons and 1.95 million tons, decreased by 21.05% and 17.72% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were -11.04% and -8.24%, respectively, as shown in Fig. 4.

Fig. 4 Production and consumption of newsprint (2010-2019)

1.2.2 Uncoated printing & writing paper

In 2019, the production and consumption of uncoated printing & writing paper were 17.80 million tons and 17.49 million tons, increased by 1.71% and decreased by 0.11% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were 1.05% and 1.06%, respectively, as shown in Fig. 5.

Fig. 5 Production and consumption of uncoated printing & writing paper (2010-2019)

1.2.3 Coated printing paper

In 2019, the production and consumption of coated printing paper were 6.80 million tons and 5.42 million tons, decreased by 3.55% and 10.26% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were 0.68% and -0.14%, respectively, as shown in Fig. 6.

Fig. 6 Production and consumption of coated printing paper (2010-2019)

In which, the production and consumption of coated art paper were 6.30 million tons and 5.35 million tons in 2019, decreased by 3.82% and 7.92% compared with 2018, respectvely. The average annual growth rates of production and consumption from 2010 to 2019 were 1.42% and 1.21%, respectvely, as shown in Fig. 7.

Fig. 7 Production and consumption of coated art paper (2010-2019)

1.2.4 Household paper

In 2019, the production and consumption of household paper were 10.05 million tons and 9.30 million tons, increased by 3.61% and 3.22% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were 5.51% and 5.65%, respectively, as shown in Fig. 8.

Fig. 8 Production and consumption of household paper (2010-2019)

1.2.5 Packaging paper

In 2019, the production and consumption of packaging paper were 6.95 million tons and 6.99 million tons, increased by 0.72% and decreased by 0.29% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were 1.65% and 1.49%, respectively, as shown in Fig. 9.

Fig. 9 Production and consumption of packaging paper (2010-2019)

1.2.6 White board

In 2019, the production and consumption of white board were 14.10 million tons and 12.77 million tons, increased by 5.62% and 4.76% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were 1.35% and 0.20%, respectively, as shown in Fig. 10.

Fig. 10 Production and consumption of white board (2010-2019)

In which, the production and consumption of coated white board were 13.50 million tons and 12.16 million tons, increased by 5.88% and 5.01% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were 1.32% and 0.11%, respectively, as shown in Fig. 11.

Fig. 11 Production and consumption of coated white board (2010-2019)

1.2.7 Liner board

In 2019, the production and consumption of liner board were 21.90 million tons and 24.03 million tons, increased by 2.10% and 2.47% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were 1.71% and 2.37%, respectively, as shown in Fig. 12.

Fig. 12 Production and consumption of liner board (2010-2019)

1.2.8 Corrugating medium

In 2019, the production and consumption of corrugating medium were 22.20 million tons and 23.74 million tons, increased by 5.46% and 7.28% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were 1.92% and 2.57%, respectively, as shown in Fig. 13.

Fig. 13 Production and consumption of corrugating medium (2010-2019)

1.2.9 Specialty paper & board

In 2019, the production and consumption of specialty paper & board were 3.80 million tons and 3.09 million tons, increased by 18.75% and 18.39% compared with 2018, respectively. The average annual growth rates of production and consumption from 2010 to 2019 were 8.66% and 7.29%, respectively, as shown in Fig. 14.

Fig. 14 Production and consumption of specialty paper & board (2010-2019)

2 Major economic indicators

According to the statistics released by the National Bureau of Statistics, in 2019, there were 2524 paper and board producers whose scales were above the statistical threshold. Their core business income was RMB 765.0 billion. The growth rate of industrial added value was 4.80%. The products inventory was RMB 30.3 billion, decreased by 18.88% compared with 2018. The total pre-tax profits was RMB 35.9 billion, decreased by 21.06% compared with 2018. The total asset was RMB 1048.9 billion, increased by 1.78% compared with 2018. The asset-liability ratio was 59.59%. The total liability was RMB 625.0 billion, increased by 2.16% compared with 2018. 560 producers accounting for 22.19% of total 2524 paper and board producers were running with deficit.

The major economic indicators from 2010 to 2019 are shown in Fig. 15 and Fig. 16.

Fig. 15 Core bussiness income (2010-2019)

NOTE:

The data of 2010 were from CPA.

Fig. 16 Total pre-tax profits (2010-2019)

NOTE:

The data of 2010 were from CPA.

3 Production and consumption of pulp

3.1 Production of pulp in 2019

According to CPA’s survey, the total pulp production was 72.07 million tons in 2019, increased by 0.08% compared with 2018. In which, wood pulp was 12.68 million tons, increased by 10.55%; pulp from waste paper was 53.51 million tons, decreased by 1.71%; non-wood pulp was 5.88 million tons, decreased by 3.61% compared with 2018, as shown in Table 2.

Table 2 2010-2019 pulp production Million tons

Grade

Year

2010201120122013201420152016201720182019
Total pulp73.1877.2378.6776.5179.0679.8479.2579.4972.0172.07
1. Wood pulp 7.16 8.23 8.10 8.82 9.62 9.66 10.05 10.50 11.47 12.68
2. Pulp from waste paper 53.05 56.60 59.83 59.40 61.89 63.38 63.29 63.02 54.44 53.51
3. Non-woodpulp 12.97 12.40 10.74 8.29 7.55 6.80 5.91 5.97 6.10 5.88
Reed pulp 1.56 1.58 1.43 1.26 1.13 1.00 0.68 0.69 0.49 0.51
Bagasse pulp 1.17 1.21 0.90 0.97 1.11 0.96 0.90 0.86 0.90 0.70
Bamboo pulp 1.94 1.92 1.75 1.37 1.54 1.43 1.57 1.65 1.91 2.09
Wheat & rice straw pulp 7.19 6.60 5.92 4.01 3.36 3.03 2.44 2.46 2.50 2.22
Other pulps 1.11 1.09 0.74 0.68 0.41 0.38 0.32 0.31 0.30 0.36

3.2 Consumption of pulp in 2019

In 2019, the total pulp consumption was 96.09 million tons, increased by 2.36% compared with 2018. The consumption of wood pulp was 35.81 million tons, and its share in total pulp consumption was 37%, in which, imported wood pulp accounted for 24%, domestic wood pulp accounted for 13%. The consumption of pulp from wastepaper was 54.43 million tons, and its share in total pulp consumption was 57%; in which, the pulps from imported and domestic waste paper accounted for 10% and 46%, respectively. Consumption of non-wood pulp was 5.85 million tons, and its share in total pulp consumption was 6%, as shown in Table 3, Fig. 17 and Fig. 18.

Table 3 Pulp consumption in 2019
Pulp grades20182019Change/%
Consumption/million tonsShare/%Consumption/million tonsShare/%
Total consumption 93.87 100 96.09 100 2.36
Wood pulp 33.03 35 35.81 37 8.42
1. Imported wood pulp 21.66* 23 23.17* 24 6.97
2. Domestic wood pulp 11.37 12 12.64 13 11.17
Recycled pulp 54.74 58 54.43 57 -0.57
1. Imported recycled pulp 0.30 0.92 1 206.67
2. Domestic recycled pulp 54.44 58 53.51 56 -1.71
Pulp from imported waste paper 14.57 16 9.30 10 -36.17
Pulp from domestic waste paper 39.87 42 44.21 46 10.89
Non-wood pulp 6.10 7 5.85 6 -4.10
NOTE:

* Import of wood pulp in 2018 was 24.79 million tons, deduct pulp unused for papermaking and non-wood pulp, the actual consumption was 21.66 million tons.*Import of wood pulp in 2019 was 27.20 million tons, deduct pulp unused for papermaking and non-wood pulp, the actual consumption was 23.17 million tons.

Fig.17 Consumption of domestic pulp (2010-2019)

Fig.18 Total consumption of pulp (2010-2019)

3.3 Waste paper utilization in 2019

In 2019, the total amount of waste paper recovered in domestic was 52.44 million tons, increased by 5.64%, the recovery rate of waste paper was 49.0%, the utilization rate of waste paper was 58.3%, and the average annual growth rates of the total amount of waste paper recovered was 3.01%, as shown in Table 4 and Fig. 19.

Table 4 The utilization of waste paper from 2010-2019 in China
YearDomestic waste paper/million tonsImported waste paper/million tonsTotal consumption of recycled pulp/million tonsRecovery rate of waste paper/%Utilization rate of waste paper/%
2010 40.17 24.35 53.05 43.8 69.6
2011 43.47 27.28 56.60 44.6 71.2
2012 44.73 30.07 59.83 44.5 73.0
2013 43.77 29.24 59.40 44.7 72.2
2014 48.41 27.52 61.89 48.1 72.5
2015 48.32 29.28 63.38 46.7 72.5
2016 49.63 28.50 63.29 47.6 72.0
2017 52.85 25.72 63.03 48.5 70.6
2018 49.64 17.03 54.74 47.6 63.9
2019 52.44 10.36 54.43 49.0 58.3

Fig. 19 The total amount of waste paper collected national wide (2010-2019)

4 Production and consumption of paper products

According to the statistics from National Bureau of Statistics, there were 4119 paper products enterprises in 2019, and the production was 72.19 million tons, increased by 29.42% compared with 2018; the consumption was 68.86 million tons, increased by 30.59% compared with 2018; the import amount was 120000 tons and the export amount was 3.45 million tons. The average annual growth rates of production and consumption from 2010 to 2019 were 4.53% and 4.49%, respectively, as shown in Fig. 20.

Fig. 20 Production and consumption of paper products (2010-2019)

NOTE:

The data were from National Bureau of Statistics of the People's Republic of China.

5 Import and export of paper & board, pulp, waste paper and paper products

5.1 Import of paper & board, pulp, waste paper and paper products

In 2019, the import amount of paper & board was 6.25 million tons, increased by 0.48% compared with 2018. The import amount of pulp was 27.20 million tons, increased by 9.72% compared with 2018. The import amount of waste paper was 10.36 million tons, decreased by 39.17% compared with 2018. The import amount of paper products was 120000 tons, decreased by 33.33%.

In 2019, the total import amount of paper & board, pulp, waste paper, paper products was 43.93 million tons, decreased by 8.90% compared with 2018; the total cost was USD 24.328 billion, decreased by 19.48% compared with 2018. The average price of imported paper & board was USD 750.51/t, decreased by 15.58% compared with 2018. The average price of imported pulp was USD 629.46/t, decreased by 20.85% compared with 2018. The average price of imported waste paper was USD 187.51/t, decreased by 25.60% compared with 2018, as shown in Table 5.

Table 5 Imports of pulp, waste paper, paper & board and paper products in 2019
Grades2018/10000 tons2019/10000 tonsChange/%
Ⅰ. Pulp 2479 2720 9.72
Ⅱ. Waste paper 1703 1036 -39.17
Ⅲ. Paper & board 622 625 0.48
1. Newsprint 48 46 -4.17
2. Uncoated printing & writing paper 85 63 -25.88
3. Coated printing paper 49 32 -34.69
Coated art paper 32 22 -31.25
4. Packaging paper 21 20 -4.76
5. Liner board 207 220 6.28
6. White board 54 52 -3.70
Coated white board 53 51 -3.77
7. Household paper 5 3 -40.00
8. Corrugating medium 111 156 40.54
9. Specialty paper & board 30 24 -20.00
10. Other paper & board 12 9 -25.00
Ⅳ. Paper products 18 12 -33.33
Total amount 4822 4393 -8.90
NOTE:

*Data source: General Administration of Customs.

5.2 Export of paper & board, pulp, waste paper and paper products

In 2019, the export amount of paper & board was 6.86 million tons and increased by 11.00% compared with 2018. The export amount of pulp was 116000 tons, increased by 16.12% compared with 2018. The export amount of waste paper was 800 tons, increased by 33.33% compared with 2018. The export amount of paper products was 3.45 million tons, increased by 6.81%.

In 2019, the total export amount of paper & board, pulp, waste Paper, paper products was 104.268 million tons, increased by 9.63%, their total earning was USD 22.003 billion, increased by 14.19% compared to 2018. The average price of exported paper & board was USD 1497.09/t, increased by 6.28%. The average price of exported pulp was USD 1151.20/t, decreased by 12.21%, as shown in Table 6.

Table 6 Exports of pulp, waste paper, paper & board and paper products in 2019
Grades2018/10000 tons2019/10000 tonsChange/%
Ⅰ. Pulp 9.99 11.60 16.12
Ⅱ.Waste paper 0.06 0.08 33.33
Ⅲ. Paper & board 618 686 11.00
1. Newsprint 1 1 0
2. Uncoated printing & writing paper 84 94 11.90
3. Coated printing paper 150 170 13.33
Coated art paper 106 117 10.38
4. Packaging paper 10 16 60.00
5. Liner board 7 7 0
6. White board 170 185 8.82
Coated white board 170 185 8.82
7. Household paper 74 78 5.41
8. Corrugating medium 3 2 -33.33
9. Specialty paper & board 89 95 6.74
10. Other paper & board 30 38 26.67
Ⅳ. Paper products 323 345 6.81
Total amount 951.05 1042.68 9.63
NOTE:

*Data source: General Administration of Customs.

5.3 Shares of imported and exported major paper & board grades

The shares of imported and exported major paper & board grades are shown in Fig. 21 and Fig. 22.

Fig. 21 Shares of imported paper & board grades in 2019

Fig. 22 Share of exported paper & board grades in 2019

5.4 Import and export of major paper grades from 2010 to 2019

The imports and exports of major paper grades from 2010 to 2019 are showed in Figs.23,24,25,26,27,28,29,30,31,32,33.

Fig. 23 Import and export of newsprint (2010-2019)

Fig. 24 Import and export of uncoated printing & writing paper (2010-2019)

Fig. 25 Import and export of coated printing paper(2010-2019)

Fig. 26 Import and export of coated art paper (2010-2019)

Fig. 27 Import and export of household paper (2010-2019)

Fig. 28 Import and export of packaging paper (2010-2019)

Fig. 29 Import and export of white board (2009-2018)

Fig. 30 Import and export of coated white board (2010-2019)

Fig. 31 Import and export of liner board (2010-2019)

Fig. 32 Import and export of corrugating medium (2010-2019)

Fig. 33 Import and export of specialty paper & board (2010-2019)

(1) Newsprint: The import exceeded the export and the net import amount was 450000 tons in 2019, as shown in Fig. 23.

(2) Uncoated printing & writing paper: The export exceeded the import and the net export amount was 310000 tons in 2019, as shown in Fig. 24.

(3) Coated printing paper: The export exceeded the import and the net export amount was 1.38 million tons in 2019, as shown in Fig. 25.

And in which, the export of coated art paper exceeded the import and the net export amount was 0.95 million tons in 2019, as shown in Fig. 26.

(4) Household paper: The export exceeded the import and the net export amount was 0.75 million tons in 2019, as shown in Fig. 27.

(5) Packaging paper: The import exceeded the export and the net import amount was 0.04 million tons in 2019, as shown in Fig. 28.

(6) White board: The export exceeded the import and the net export amount was 1.33 million tons in 2019, as shown in Fig. 29.

In which, the export of coated white board exceeded import and the net export amount was 1.34 million tons, as shown in Fig. 30.

(7) Liner board: The import exceeded the export and the net import amount was 2.13 million tons in 2019, as shown in Fig. 31.

(8) Corrugating medium: The import exceeded the export and the net import amount was 1.54 million tons in 2019, as shown in Fig. 32.

(9) Specialty paper & board: The export exceeded the import and the net export amount was 0.71 million tons in 2019, as shown in Fig. 33.

5.5 Import and export of paper products from 2010 to 2019

The imports and exports of paper products from 2010 to 2019 are showed in Fig. 34-Fig. 35.

Fig. 34 Import of paper products (2010-2019)

Fig. 35 Export of paper products (2010-2019)

(1) The import amount of paper products was 0.12 million tons in 2019, decreased by 60000 tons or 33.33% compared with 2018, as shown in Fig. 34.

(2) The export amount of paper products was 3.45 million tons, increased by 6.81% or 220000 tons compared with 2018, as shown in Fig. 35.

6 Production distribution and centralization

According to the survey of CPA, in 2019, the total paper & board production of 11 provinces (regions, cities) in eastern China accounted for 74.3% of the nation’s gross, the total production of the 8 provinces (regions,cities) in central China accounted for 16.3%, and the total production of the 12 provinces (regions, cities) in western China accounted for 9.4%, as shown in Table 7 and Fig. 36.

Table 7 Production distribution of China’s paper industry in 2019
20182019

Production

/million tons

Share

/%

Production

/million tons

Share

/%

Total production 10435 100 10765 100
1. Eastern 7742 74.2 7997 74.3
2. Central 1697 16.3 1756 16.3
3. Western 996 9.5 1012 9.4
NOTE:

*Data source: CPA.

Fig. 36 Regional distribution of China's paper industry in 2019

There were 17 provinces (regions, cities) where the paper & board production exceeded 1 million tons in 2019, they were Guangdong, Shandong, Zhejiang, Jiangsu, Fujian, He‘nan, Hubei, Anhui, Chongqing, Sichuan, Guangxi, Hebei, Jiangxi, Hu‘nan, Tianjin, Hainan and Liaoning, their total production reached 104.12 million tons, accounted for 96.72% of nation’s gross, as shown in Fig. 37 and Table 8.

Fig. 37 The production share of major provinces in 2019

Table 8 Provinces with paper & board production over 1 million tons in 2018

Production

2018/million tons2019/million tonsChange/%
Guangdong 18.15 18.64 2.70
Shandong 18.10 18.30 1.10
Zhejiang 15.10 14.29 -5.36
Jiangsu 11.41 13.12 14.99
Fujian 7.50 7.84 4.53
He’nan 4.90 4.98 1.63
Hubei 3.25 3.55 9.23
Anhui 3.05 3.25 6.56
Chongqing 2.88 3.01 4.51
Sichuan 2.45 2.60 6.12
Guangxi 2.40 2.45 2.08
Hebei 2.05 2.40 17.07
Jiangxi 2.00 2.35 17.50
Hu‘nan 2.35 2.17 -7.66
Tianjin 2.20 2.10 -4.55
Hainan 1.66 1.75 5.42
Liaoning 1.02 1.32 29.41
Total amount 100.47 104.12 3.63

Top 30 paper enterprises by production in 2019 are shown in Table 9.

Table 9 Top 30 paper enterprises by production in 2019
RankEnterprisesProduction
2018/10000 tons2019/10000 tonsChange/%
1 Nine Dragons Paper (Holdings) Ltd. 1394.00 1502.00 7.75
2 Lee & Man Paper Manufacturing Ltd. 563.17 593.00 5.30
3 Shandong Chenming Paper Group Co., Ltd. 456.72 515.00 12.76
4 Shandong Sun Holdings Group Co., Ltd. 459.73 499.40 8.63
5 Shanying International Holdings Co., Ltd. 463.21 473.59 2.24
6 Huatai Group Co., Ltd. 313.64 307.70 -1.89
7 China Paper Corporation 290.00 277.50 -4.31
8 Ningbo Zhonghua Paper Co., Ltd. (Including Ningbo Asia Pulp & Paper) 252.11 261.86 3.87
9 Jiangsu Longchen Greentech Co., Ltd 220.97 252.00 14.04
10 Shandong Bohui Paper Industry Co., Ltd. 175.22 235.26 34.27
11 Fujian Liansheng Paper 182.00 203.00 11.54
12 Gold East Paper (Jiangsu) Co., Ltd. 191.00 199.07 4.23
13 Asiasymbol China Holding Ltd. 152.90 156.40 2.29
14 Dongguan Jinzhou Paper Co., Ltd. 85.21 154.09 80.84
15 Dongguan Jianhui Paper Co., Ltd. 150.71 147.22 -2.32
16 Gold Hongye Paper Group Co., Ltd. 146.00 144.00 -1.37
17 Zhejiang Jingxing Paper Joint Stock Co., Ltd. 138.72 143.71 3.60
18 Wuhan Golden Phoenix Paper Co., Ltd. 104.19 136.39 30.91
19 Guang Xi Jingui Pulp & Paper Co., Ltd. 109.10 135.00 23.74
20 Shandong Sunshine Paper Group Co., Ltd. 124.50 126.00 1.20
21 Vinda International Holdings Ltd. 122.00 125.00 2.46
22 Hengan International Group Ltd. 102.83 121.00 17.67
23 Hainan Jinhai Pulp & Paper Co., Ltd. 103.78 114.00 9.85
24 UPM (China) Co., Ltd. 87.00 89.50 2.87
25 Xinxiang Xinya Paper Group Co., Ltd. 82.35 82.86 0.62
26 Henan Longyuan Paper Co., Ltd. 58.39 78.97 35.25
27 Yuen Foong Yu Paper (Yangzhou) Co., Ltd. 65.40 77.80 18.96
28 Dahe Paper Co., Ltd. 62.95 63.01 0.10
29 Dongguan Jintian Paper Co., Ltd. 54.50 61.67 13.16
30 Gold Huasheng Paper (Suzhou Industril Park) Co., Ltd. 59.03 60.69 2.81
NOTE:

*Based on the collected data.

;

*Data source: CPA.

7 Summary

In 2019, the paper industry has overcome unfavorable factors such as a marked increase in risks and challenges, a decline in operating income and profits, an increase in production and operational difficulties and the intensification of competition in the face of a complex and volatile domestic and international economic situation. The overall production and operation of the paper industry have been basically kept stable by increasing innovation, broadening the source channels of fiber raw materials, reducing operating costs, adapting to trends, adjusting the structure, and ensuring market supply.PBM