The paper industry of China posted a significant growth of revenue and profit in the first five months of this year, according to a recent report of the Chinese Xinhua News Agency citing on its sources in the Ministry of Industry and Information Technology of China.
The industry's revenue from January to May 2021 amounted to 586.62 billion yuan (about US$90.66 billion), up 27.3% from the same period last year, the ministry said. During this period, the profit of China's paper industry reached 41.44 billion yuan, up 84.2% from a year earlier.
The ministry's data also showed that paper production rose 19% year on year to 55.57 million tonnes in the first five months. In May alone, the volume of paper production amounted to 11.61 million tons, which is 6.7% more than a year earlier.
By: Eugen Gerden