Rubber products industry out of the woods in difficult times
Xinhua News Agency, Beijing, January 28, 2010 (By Dong Yajun) In 2009, the output value of China's rubber products industry reached 477.47 billion yuan, an increase of 16.1% over the same period of last year. It is one of the fastest growing sub-sectors in the petrochemical industry. Tire output 655 million, an increase of 18.1%; exports 302 million, about 46% of export dependence, down 10 percentage points over the previous year. Rubber products industry out of trouble in tough times, the United States tire special safeguard case to the industry caused by the gradual resolution of the crisis.
At a press conference here on the economic operation of the petrochemical industry, Feng Shiliang, former director of the Marketing Information Office of China Petroleum and Chemical Industry Association, said that China's rubber products industry has the highest dependence on the international market and is also the industry most severely hit by the financial crisis one. The fall of 2009, the United States special tire protection case, the rubber exports have been tougher situation worse. However, the industry has made remarkable achievements in actively adjusting its product mix, vigorously expanding domestic and overseas markets and changing export modes. At the same time, the industry stimulated the growth of domestic automobile consumption with the help of national domestic demand policies and made the rubber products industry gradually resolve the crisis.