China Paper Sector Posts Growth This Year
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The paper industry in China showed an increase in income and profits In January-October of the current year, according to data from the Ministry of Industry and Informatization.
According to the Ministry, for the reporting period industry's revenue amounted to 1.22 trillion yuan (about US$191 billion), up 16.8 percent. more than in the same period last year.
Meanwhile, the profits of the paper industry for the period increased by 22.4% year on year to 70.72 billion yuan.
According to the Ministry, in the first ten months of this year, the volume of paper production in the country increased by 8.4%. on an annual basis and reached 111.64 million tons.
In October this year alone, paper production amounted to 11.01 million tons, down 6.7 percent, compared to 2020.
