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RMB appreciation will speeding up China's Papermaking industry development



From:Vincy            Date:2012-2-15


    

In the past year, the exchange rate of US Dollars to RMB has dropped from 6.7745 to 6.3033, with a decreasing rate of 6.95%. This will be beneficial to papermaking industry which is deeply relying on raw material importing. According to the statistics, every 5% RMB appreciation can making the papermaking industry save 1.1 billion for raw material.
      
Influences
 
China Papermaking industry is mostly import raw materials from overseas, bout 60% pulp and 40% waste paper was imported from outside. According to the statistical data from China Paper Association (CPA), China imported about 13 million tons of pulp, and about 26 million tons of waste paper in 2011. After the appreciation of RMB, China can not only reducing the cost for pulp and waste paper importing, but also can share the beneficial for the lower raw material cost.
      
Besides the beneficial of RMB appreciation, China Papermaking industry also encouraged by China Government. With an improved requirement for energy saving and environmental protection, many backwards enterprises will be closed. All this will speed up the development and explore a large growing space for the papermaking industry.
         
Paper Expo China 2012
      
The 9th International 9th International Pulp & Paper Industry Expo-China 2012 will be held from July 18-20,2012 at Poly World Trade Centre Guangzhou, China. It will be a good chance for enterprises in Paper industry to participate and search for business cooperation!
       .
        
Please refer further information of Exhibition by opening :
http://www.paperexpo.com.cn
      
Contact person of Paper Expo China Organizing Committee
Contact for Exhibitors: Huang Zhengliang, Chen Siya ,Liu Dandan , Xie Lianbao
Contact NO.丗020-83300252丄83392590丄83393060丄83392490丄83392531丄83300455
Email丗expoart@vip.163.com
Official Website丗http://www.paperexpo.com.cn/
Official Micro-blog: http://weibo.com/paperexpo

 

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