AUSTIN — Chinese papermakers make more than they consume, but what do they spend it on?
A study by the University of Texas at Austin shows they make more per unit of paper than most other major economies.
But it also shows how the world’s biggest papermakers are increasingly competing against one another for a limited pool of market share, with Chinese papermaking poised to gain the lion’s share over the next decade.
“We see Chinese papermaker competition in many of the industries we studied, with a lot of new entrants entering the market,” said Dr. John D. Miller, the lead author of the study and a professor of economics and business at the university.
“It shows how competition is growing in the papermaking industry and we expect China will become more dominant in the coming years.”
In a recent paper, Miller and his colleagues compared the economic impacts of China’s massive growth over the past five years to the economic impact of the U.S. in the same period.
The study found that the average economic impact from China’s economic growth over that time was a whopping $3,000 per ton of paper produced, which translates to a huge savings for the papermakers in China.
The researchers also found that in the 10 years following the 2008 global financial crisis, the U-turn in China’s papermaking sector helped boost the country’s gross domestic product by more than $100 billion.
China is now the world leader in papermaking and its exports of paper are increasing more than the U,S., China’s largest trading partner, by a staggering $100.5 billion a year.
In addition to papermaking production, China has been growing at an astonishing rate.
The country’s papermakers also are among the most profitable companies in the world, with profits of nearly $1 trillion last year.
That is about 10 percent of their profits from other industries.
China’s economy grew by nearly 6 percent a year from 2000 to 2011.
But Miller and other researchers believe China is on track to overtake the U.,S.
as the world king of papermaking in about a decade, at least.
“The papermaking companies are not just the world leaders in the market, they are the world champions of the market in China,” Miller said.
China now owns about 20 percent of the world market for papermaking.
But that figure is expected to grow to 30 percent in 2026, according to the study.
In the meantime, the country has been busy expanding its printing press.
In 2017, the government signed an agreement with a group of leading manufacturers, including Fujian Paper, a major player in China that also produces paper.
It is expected that Fujian will become the world lead in the production of paper.
The new deal will give the Chinese paper makers an even greater share in the global market for printing paper.
As the U.’s paper industry is undergoing a massive shift to electronic printing, Miller says that could help China maintain its dominance in the printing industry.
“China will probably remain dominant over the long term in the Chinese market for electronic printing for paper,” he said.
The U. S. has been slow to adopt the digital printing revolution, which has led to the rise of print-on-demand services like Amazon’s Kindle, which is more than 10 times faster than a traditional paper and inkjet printer.
However, the rapid pace of change has prompted a push by the U to open up its print-and-print-and sell-back program.
The push has come at a time when China is preparing to open its first digital printing plant.
The plant is expected this year to be able to produce 50,000 rolls of paper per day.
In other words, by 2023, the Chinese government expects to produce enough paper for every person on Earth.
“That is more paper per person than the United States,” Miller told The Washington Post.
“They are trying to get to that point in the next 10 years.”
China’s success has sparked concern from some economists and political leaders.
But even as the government opens its first print plant, the state-owned Xinhua news agency reports that the government is “actively seeking new markets for paper.”
In response to the U’s push for paper, China is pushing to diversify its economy away from paper and toward more profitable technology.
China will be the world first to use solar power to generate electricity from solar panels, according the Global Times, the official mouthpiece of the Communist Party.
China has also been planning to use its massive population to grow its papermaking capacity, said Miller.
“For China, it is important to have a lot more paper to go around,” Miller explained.
The papermaking boom has led some economists to question China’s future growth.
“This is the first sign that China’s new leadership is making an effort to slow down,” said Miller, who is a fellow at the Peterson Institute for International Economics.
“If China’s leaders are serious about slowing