Another year of slowdown for China’s rubber industry

Guangzhou, China – China’s sizable rubber sector companies, including tire makers, reduced by 79 in count to 3,565 in 2018, following a drop of 324 companies in 2017.

The sector’s main business revenue remained flat in 2018 at €92 billion (698 billion yuan). Export delivery value rose by 4.4% from 2017 to €20 billion; total profit increased by 2.1% to €4 billion, according to China’s National Bureau of Statistics.

“It seems that some companies’ performance is picking up but it’s only because there are market space to…

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