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引言:巴菲特曾说:“只有潮水退去后才知道谁在裸泳”。用这句名言来形容2008年中国造纸业再合适不过。从2008年第四季度开始,经过近10年高速成长和习惯了景气行情下高风险扩张的造纸企业,在走过利润增长率连续上涨的黄金时期后,在金融危机的袭击下,仿佛一夜之间从高峰跌落到了低谷。虽然央行多次降息,以及国务院出台企业增值税改革等一系列政策措施,但造纸行业因内外需求锐减,目前除需求萎缩引起的产量调整外,金融危机造成的信贷困难和资金紧缺正在影响着这个行业,造纸业正在经历建国以来最寒冷冬天的考验。
Introduction: Buffett once said: “Only when the tide receded to know who is swimming naked ”. Use this famous phrase to describe China’s paper industry in 2008 as another appropriate. Starting from the fourth quarter of 2008, after nearly 10 years of rapid growth and accustomed to a high-risk expansion in the booming market, the paper-making enterprises, after going through the golden period of continuous growth of profit growth and as a result of the financial crisis, Between the peak fell to the trough. Although the central bank repeatedly cut interest rates and the State Council introduced a series of policies and measures such as the VAT reform of enterprises, the paper industry is experiencing a sharp drop in domestic and external demand. At present, in addition to the output adjustment caused by the shrinking demand, the credit crisis and financial shortage caused by the financial crisis are affecting In this industry, the paper industry is experiencing the coldest winter since the founding of New China.