Another year of slowdown for China’s rubber industry

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Beijing, China – The number of companies in China’s sizeable rubber sector, including tire makers, reduced by 79 in 2018 to total 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.

Read the source article at European Rubber Journal