A papermaking business in Beijing is getting ready to open its first store for consumers, as the country looks to diversify from traditional print-and-papermaking businesses.
The Qingdao Paper Company, in the eastern city of Shijiazhuang, is in talks to open a papermaking shop in Beijing’s eastern neighborhood of Changsha.
The shop will have a capacity of 10,000 customers, said Wu Hongsheng, head of the company’s operations in Beijing.
“The main goal is to make sure that people have access to a variety of products and to have a good quality product,” Wu said.
The store will be opened by the end of the year.
Wu said that the business model for papermaking is very different in China compared to traditional printmaking businesses, where the products are produced by workers.
The company’s papermaking equipment and labor costs will be lower than the traditional printmakers, and the workers will have more freedom in choosing their materials, Wu said, adding that the company is still considering what the market conditions are for papermakers.
Wang Huizhi, a former deputy governor of the central bank, said that China is a very innovative market, but that it is very challenging to attract a broad group of companies to invest in new business.
Wong said that a good number of people are looking for new business opportunities, but the government needs to help attract companies, which will create more jobs.