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China's papermaking industry reports higher revenue, profits
Updated: July 31, 2021 10:43 Xinhua

BEIJING — China's papermaking industry reported growth in revenue and profits in the first half of this year, according to the Ministry of Industry and Information Technology.

The industry's revenue totaled 714.2 billion yuan (about $110.6 billion) in the January-June period, up 24.7 percent year-on-year, the ministry said.

During the period, the profits of the papermaking industry reached 48.43 billion yuan, a 77.2-percent surge from one year earlier.

The ministry's data also showed that the paper output increased 16 percent year-on-year to 67.42 million tons in the first six months.

In June alone, the paper output stood at 11.9 million tons, up 5.8 percent year-on-year.

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