ERJ staff report (DS)
Beijing - the boom in sales by China's rubber machinery segment appears to ending. Instead of steady growth seen in recent years, sales volume declined in the first six months of 2012. There are no signs of recovery in the second half, according to a report on the CRIA website.
Official data shows that sales in the first half are likely to be down 2.9 percent on the first six months of 2011, at around yuan 5170 million (euro ?? millon)
The CRIA blamed the slowdown on reduced construction of tyre factories in China.
Overseas revenues continue to boom, however, with exports up by over 25 percent year on year in the six months.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
News story from CRIA (Chinese language)
Above story auto-translated (from Chinese language)