Recent times have seen censorship of China’s media continue to attract negative attention around the world (see “Government, Games, and Media Control”), but there is still a huge amount of information flowing online and…in good, old-fashioned print.
Over the past 5 or so years, more and more international businesses have been moving their printing – whether glossy magazines, advertising flyers, or corporates brochures – to China.
The land where moveable type was invented (400 years before it emerged in Europe) now intends to “turn itself into one of the printing giants in the world” according to Long Xinmin, director of the General Administration of Press and Publications (GAPP).
And now for the requisite set of statistics.
The output value of China’s printing industry in 2005 was reported to be RMB330 billion (US$41 billion), and is expected to grow at (for China, a rather modest) 8 percent a year over the next 5 years. In 2005 China’s 180,000 printing plants (and 3.4 million workers) published:
• 6.402 billion books
• 2.751 billion periodicals
• 40.402 billion newspapers
Foreign printing companies are continuing to seek licenses so that they can participate, mostly at the higher end of the market. Luckily they should have plenty of paper to play with. The biggest deal by a buyout firm in China has been reported – involving Shandong Chenming Paper Holdings Ltd., and RMB5 billion (US$623 million) from CVC Capital partners and Citigroup. The money will be invested in a new pulp mill.
China Business Services has relationships with high quality printers in China. Please contact us if you have any print requirements.
See news sources:
China seeks to become world’s printing giant
Xinhua – China
SHENZHEN, May 20 (Xinhua) — China will intensively develop its printing industry in the upcoming five years, but with a moderate pace, a senior official said …
China’s biggest buyout firm deal
Malaysia Star – Malaysia
… Chenming Paper Holdings Ltd. The deal will be China’s biggest by a buyout firm, according to an industry analyst. CVC Asia Pacific …
Briefly: CVC Capital buys China paper firm
International Herald Tribune – France
… Shandong Chenming Paper Holdings. The deal would be China’s biggest buyout, according to an industry analyst. CVC Asia Pacific, owned …