CRIA forecasts difficult times ahead

ERJ staff report (DS)

Beijing, China -- In his New Year message, Fan Rende, head of the China Rubber Industry Association warned of difficult times ahead. He said, "the next few years the global economy will experience a long period of recession. The severe economic situation at home and abroad, will seriously affect the smooth development of China's rubber industry."

He added, however, "We are convinced that the new year, China's rubber industry will continue to maintain stable development."

In a referene to tyre design, he said, "We must unswervingly take the low carbon economy and circular economy development model, conserve resources, protect the environment. As soon as possible and international standards to develop a line with national conditions and product standards, green tyre, the tyre industry to promote green development."

He also recognised the need for restructuring in the Chinese tyre and rubber industry, saying, "we must effectively promote the rubber business mergers and acquisitions, through mergers and acquisitions, optimising the layout, eliminating the backward, actively promoting industrial restructuring, improve quality and efficiency to achieve to grow stronger."

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Report from China Rubber Network (Chinese language)

Above report auto-translated from Chinese