
【研究报告内容摘要】Low-endcapacitytobefurthersqueezedout–MIITannouncedthatitwouldshutdownatotalof67low-endsmallpapermillsbytheendofthisyearatanaggregateof1.2mt.Ontopofthat,MIITunveiledtheclosureof274papermillswithtotalcapacityof6.35mtbyend-2013.Thus,Chinawouldcut2013papermillcapacitybyatotalof7-8mtorapprox.7-8%oftotalsupply,comparedwithclosing5.4/8.3/9.7mtin2010/11/12.Moreimportantl...

TheNBSpublishedAug2013and8M13Chinapropertydata:Salesvalueofcommodityproperty+34.4%YoYtoRmb4,572bn,amongwhichresidential+35.7%YoYtoRmb3,853bn,office+41.8%YoYtoRMB210bn,whileretail+19.8%YoYtoRMB427bn.GFAsoldofcommodityproperty+23.4%YoYto708msqm,amongwhichresidential+24.4%YoYto634msqm,office+28.2%YoYto15.4msqm,whileretail+7.8%YoYto43msqm.CommoditypropertyASP+9%Y...