在马来西亚，与景兴纸业有着同样雄心壮志的还有厦门大学马来西亚分校王瑞芳，该学校是中国"双一 流"高校在海外设立的第一所分校。学校开设了国际商务、金融学、新能源科学与工程、海洋科学、人 工智能等48个学科专业。 王瑞芳告诉第一财经记者，分校共投资13亿马币建设，可容纳12000名学生，今年在校人数达到9100 人，来自48个国家。自2019年首届毕业典礼以来，厦大马来西亚分校累计培养了7700余名毕业生。 "许多毕业生赴世界知名高校继续深造或在'一带一路'沿线国家地区就业，学校的培养质量得到了广泛 认可。"王瑞芳说。 上述两个案例是中国"一带一路"倡议成果的缩影。中国环境科学研究院、外交学院、黔西南州兴源水利 电力勘察设计有限公司等机构的共同研究结果显示，自2013年中国政府提出"一带一路"倡议以来，我国 已与155个国家、30多个国际组织签署了200多份共建"一带一路"合作文件。"一带一路"倡议理念、目标 及措施在绿色环境保护方面作出的贡献，被国际社会高度认同。 浙江景兴纸业股份有限公司（002067.SZ，下称"景兴纸业"）这几天迎来两件喜事： 一件是，在马来西亚雪兰莪州投资建设的二期年产60万吨再生纸项目 ...

中国企业的进驻，通过技术转移与产业升级，为当地创造了高价值就业岗位。 浙江景兴纸业股份有限公司（002067.SZ，下称"景兴纸业"）这几天迎来两件喜事： 一件是，在马来西亚雪兰莪州投资建设的二期年产60万吨再生纸项目12月5日进入关键建设节点——湿 式造纸联合厂房主体结构顺利封顶；另一件是，12月9日，景兴纸业与亚洲开发银行在北京签署了金额 6000万美元等值人民币的双边贷款协议，资金将用于景兴纸业马来西亚上述二期项目。 景兴纸业马来西亚项目是在国家发展改革委、工信部备案的"一带一路"项目，共分为两期，一期投资18 亿元人民币，生产80万吨再生纸浆；二期投资16亿元人民币，年产60万吨箱板纸。 景兴纸业董事长朱在龙告诉第一财经记者，马来西亚项目于2019年启动，不仅响应了国家"一带一路"倡 议，更是企业以产能扩张突破发展瓶颈，实施海外战略布局的关键一步。 在马来西亚，与景兴纸业有着同样雄心壮志的还有厦门大学马来西亚分校王瑞芳，该学校是中国"双一 流"高校在海外设立的第一所分校。学校开设了国际商务、金融学、新能源科学与工程、海洋科学、人 工智能等48个学科专业。 王瑞芳告诉第一财经记者，分校共投资13亿马币建 ...

Core Insights - Xiamen is a city that has thrived due to its openness, becoming a crucial link between domestic and international markets, with a favorable business environment fostering the growth of major supply chain enterprises [2][3] - Xiamen Guomao Group has established itself as a leader in the supply chain industry, particularly in the fields of steel, coal, textiles, rubber, and grain, being one of the top three supply chain companies in China [2][3] Supply Chain Operations - The company has been deeply involved in the paper industry for over 20 years, achieving comprehensive coverage of the pulp and paper supply chain, contributing to resource recycling and sustainable development [3][5] - Xiamen Guomao has been importing over 200 million tons of Brazilian soybeans annually, with a trade volume exceeding 1 billion yuan, showcasing its significant role in the agricultural supply chain [3][4] Strategic Partnerships - The company has built a supply chain network in Brazil by collaborating with major global grain traders and local enterprises, providing end-to-end supply chain services and enhancing trade relations between China and Brazil [4][10] - Xiamen Guomao has become the largest importer of Uzbek cotton yarn in China, establishing strong partnerships with over 100 local cotton enterprises and optimizing logistics through direct rail connections [8][9] Global Expansion - The company has expanded its international presence, establishing over 50 subsidiaries and offices worldwide, enhancing its global supply chain capabilities and service offerings [11] - Xiamen Guomao aims to transition from being a market entrant to a value co-builder, focusing on localized operations and talent acquisition to strengthen its international partnerships [10][11]

Core Viewpoint - The article emphasizes the importance of continuous change and resilience in business, illustrated through the journey of Zhang Yin, the founder of Nine Dragons Paper Holdings, who transformed challenges into opportunities in the recycling and paper industry [2][30]. Group 1: Zhang Yin's Early Challenges - At the age of 27, Zhang Yin left a stable job to enter the waste paper recycling industry in Hong Kong, which was dominated by gangsters [6]. - She faced significant challenges, including industry fraud where waste paper was often diluted with water, leading to high costs for downstream paper mills [6][7]. - Zhang's commitment to integrity and quality, refusing to accept waste paper with more than 15% water content, set her apart in a corrupt environment [7][8]. Group 2: Expansion into the U.S. Market - In 1990, Zhang Yin and her husband moved to the U.S. to tap into a larger market for recycled paper, despite language barriers and lack of connections [10]. - They identified an opportunity to utilize empty shipping containers returning to Asia, creating a cost-effective supply chain for waste paper [10][12]. - By 2001, their company was exporting over 5 million tons of waste paper annually from the U.S. to Asia, establishing a significant presence in the market [12][13]. Group 3: Growth and Challenges of Nine Dragons Paper - In 1996, Zhang returned to China to establish Nine Dragons Paper, investing $110 million in a production line with a capacity of 200,000 tons, significantly larger than competitors [15]. - By 2006, Nine Dragons became the largest paper manufacturer in China and the second largest in Asia, with major clients including Coca-Cola and Nike [15][16]. - However, the 2008 financial crisis severely impacted the company, leading to a drastic drop in orders and a 97% decline in stock price [19][20]. Group 4: Crisis Management and Recovery - In response to the crisis, Zhang implemented a strict self-rescue plan, halting all expansion projects and focusing on domestic markets [21][22]. - This strategy led to a remarkable turnaround, with Nine Dragons achieving a profit increase of 1.3 billion RMB in the 2009 fiscal year [21][22]. Group 5: Environmental Commitment and Future Strategies - Zhang recognized the critical importance of environmental sustainability in the paper industry, investing 22 billion RMB in eco-friendly technologies [24]. - Following China's "waste ban" in 2017, Nine Dragons adapted by acquiring advanced pulp mills and establishing a closed-loop supply chain [26][27]. - The company aims for self-sufficiency in raw materials and a total production capacity of 25.37 million tons, positioning itself for future growth [27][28].

Core Viewpoint - The paper industry is experiencing a price increase driven by rising costs and supply constraints, with major companies like Nine Dragons Paper and Shanying International announcing multiple price hikes in recent weeks [1][2][3] Price Increases - Since early July, major paper companies have issued multiple price increase notices, with prices for corrugated paper and recycled cardboard rising by 30 yuan/ton and all weights of recycled paper and corrugated paper increasing by 50 yuan/ton [1] - The average price of waste yellow board paper reached 1482 yuan/ton in late July, a year-on-year increase of 2.75% [1] - The price hikes aim to restore profit levels for paper manufacturers and encourage downstream packaging companies to replenish their low inventories [2][3] Industry Challenges - The paper industry is facing a supply-demand imbalance, with new production capacity exceeding 10 million tons in 2024 while consumption growth is only 1.5% [3] - The industry is experiencing a historical low in profit margins, with an overall profit of only 520 billion yuan and a profit margin of 3%-5% [3] - The competitive landscape is characterized by excessive price competition and a significant portion of companies operating at a loss [3][5] Anti-Competition Initiatives - The Guangdong Paper Industry Association has issued an "anti-involution" initiative to combat low-price competition and promote rational business practices [4][5] - The initiative includes four main proposals: resisting disorderly low-price competition, optimizing capacity structure, focusing on quality and service, and establishing self-regulatory mechanisms [5] - Industry leaders emphasize the need to shift focus from price competition to quality, service, and innovation to enhance competitiveness [6][7] Strategic Transformations - Leading companies are pursuing strategic transformations, such as Sun Paper's integrated "forest-pulp-paper" model and Xianhe's significant investments in raw material projects [7] - There is a lack of a clear policy framework for the industry's anti-involution efforts, and specific policy tools and implementation measures remain uncertain [7] - Recommendations for the industry include shifting competition focus, ensuring healthy supply chain relationships, and avoiding blind expansion and price wars [7]

Core Viewpoint - The company is actively engaging with industry peers and associations to address the issue of "involution" in the Guangdong paper industry, aiming for policy-driven optimization of supply and demand, and a return to reasonable product pricing [1] Group 1: Industry Communication - The company is in discussions with peers and associations regarding measures to combat "involution" in the industry [1] - The company believes that comprehensive and systematic policies from the government will help optimize supply and demand in the industry [1] Group 2: Industry Standards and Innovations - The company is collaborating with industry associations to establish national standards for recycled paper raw materials to address the shortage of high-end raw materials [1] - The company is exploring the application of intelligent production capabilities in the industry to enhance productivity [1] Group 3: Strategic Positioning - The company is focused on its internal operations while leveraging favorable macroeconomic conditions to enhance value [1]