I just cannot see the Chinese risking their advantage in the textile business to protect some foolish Chinese investors that did not understand free markets. I am sure when they decided to make the investment in dissolving pulp manufacturing, all they saw was the increasing demand coming from their region and $2,000 plus, prices per tonne for dissolving pulp. What they didn't understand, but I am sure they are starting to, is that the inevitable future price of any commodity will eventually equilibriate somewhere below the highest cost producers.
Unfortuneately, that is them. I can understand their desire to see if they can pull a rabbit out of the hat here, and protect their business, but as I stated before, I am sure more then just the domestic VSF manafacturers, will point out to these Chinese decision makers that it is not in China's best interest to protect a dying business, at the expense of a much bigger flourishing business. The Chinese dissloving pulp manufacturers are simply "dead men walking". The best thing to do is to let them die.
The good news is that once this decision is made, I cannot see the Chinese manufacturers continuing to go on. They will either swing to NBSK or for most of them, close down. Removing that capacity cannot do anything but support the DP price and help the remaining global producers.
Anyway, all just my opinion.