One fascinating story in the rise of Chinese entrepreneurship is that of Zhang Yin, owner of the Nine Dragon Paper Company. In the 1990s, she cashed in on China’s paper shortage by collecting scrap and shipping it to mainland China for recycling. She astutely saw a bigger opportunity in the empty container ships that returned to the U.S. and Europe after unloading their full loads of goods in China. She filled those empty ships with wastepaper collected in the U.S. and Europe to recycle the contents in China into cardboard boxes to be used for shipping Chinese goods back to the American and European markets. The shipping continues so she has a steady stream to recycle. In seemingly no time at all, according to the Hurun Report’s 2006 China Rich List, Zhang has become the wealthiest person in China and one of the richest female entrepreneurs in the world. Her wealth is not unconnected with simply taking a sound, simple, but profitable idea and creating wealth: from scrap of all things.
