China’s Paper Giant Falls as Tough Trade Slashes Demand for Cardboard Boxes
China’s Paper Giant Falls as Tough Trade Slashes Demand for Cardboard Boxes
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In recent years, China’s GDP growth has slowed from double digits to moderate growth, and the purchasing power of the middle class has weakened. The demand for high-end and packaging paper has shrunk, putting pressure on the profitability of paper companies. This trend has caused a ripple effect in industries such as retail and manufacturing. At the same time, the economic downturn and the rise of electronic media have led to a decline in demand for industrial and cultural uses for paper.
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