“Zombie” warning as China’s rubber sector rebounds

Deng Yali 700

Guangzhou, China – China’s tire & rubber products sector reported €141 billion (1.03 trillion yuan) revenue in 2016, at a growth rate of 2.6% compared with 2.1% in 2015, according to information released at the 2017 China Rubber Conference held in Guangzhou this week.

The sector’s profit rose by 6% to €8.8 billion, compared with a 3% drop in 2015, while investment in the sector increased 8% to €25 billion – though a senior industry official…

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