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China’s ‘Paper Queen’ Makes a $4.6 Billion Bet on Southeast Asia A Nine Dragons’s paper storage facility in Chongqing, Southwest China’s Chongqing Municipality, in November 2018. Photo: VCG (Nikkei Asia) When China announced it would stop importing foreign waste including a crucial component in the production of cardboard Cheung Yan, the co-founder and chairwoman of the country’s largest paper manufacturer, faced a government-imposed check on her thriving business that could stunt growth. Now, three years later, Cheung, known in China as the “paper queen,” and her Hong Kong-listed Nine Dragons Paper Holdings Ltd. have announced plans to build a 30.2 billion yuan ($4.6 billion) factory close to Vietnam, part of a raft of investments that has extended into the Southeast Asian country, as well as Malaysia, to counter the impact of China’s ban on wastepaper, a raw material for paper products.

Republic ofHong kongCheung yanGuangxi zhuangHong nine dragons paper holdings ltdChina paper associationOji holdings corpU international paper coNikkei asiaHong kong listed nine dragons paper holdingsSoutheast asianSoutheast asiaPaper queenSouth chinaNine dragonsPresident xi jinping