在对整合的经济学动因作一般性介绍的基础上,从产品供求趋势、行业资源与资本性约束、企业微观基础以及经济全球化等几个角度阐述了整合对于我国造纸产业的紧迫性,最后就造纸产业的整合对于企业能力的要求以及谁将成为中国造纸产业的“J·P·摩根”的问题提出了自己的见解。 On the basis of a general introduction to the economic motivation of integration, this paper expounds the urgency of integration for the paper industry in China from the perspectives of product supply and demand trends, industry resources and capital constraints, the micro-enterprise foundation and economic globalization. Finally, Put forward his own views on the requirements of the capacity integration of the paper industry and the question of who will become “JP Morgan” in China’s paper industry.