US-China

Opinion: What next for the Chinese tire industry?

Article published in the September/October edition of European Rubber Journal magazine

At the height of the, now faltering, economic boom in China some economists foresaw a new world-order in which, rather than importing capitalism, that country would impose its way of doing business on the rest of the world.

While the argument had its merits, it ignored some fundamental flaws within the Chinese economy, with its heavy reliance on cheap labour and piecemeal adoption of international standards of environmental protection, health & safety and business transparency.

These inherent weaknesses…

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