At the 10th National Rubber Industry Information Conference concluded yesterday, Fan Rende, president of the China Rubber Industry Association, said, “If pessimistically forecast, the national tire growth rate will be reduced by 13% this year and the rubber industry growth rate will be 10% lower than last year. The consumption of rubber will also decrease at the same time, about 5 million tons. This year's rubber industry may experience the first negative growth since the reform and opening up. From a slightly optimistic perspective, it will only achieve the same level this year and last year."
For this reason, the China Rubber Industry Association recommends that the government should increase its support for the rubber industry in terms of policies, such as lowering the tariff of natural rubber, increasing the tax rebate rate for tires to 15%, and fully retiring tire products such as radial tires.
Fan Rende told reporters that the development of China's rubber industry must adjust the industrial structure, stabilize the export of rubber products such as tires, and guide the industry to avoid blindly expanding production capacity and change the mode of growth. In particular, the government should increase its support for policies, reduce natural rubber tariffs, and encourage enterprises to adjust the proportion of processing trade and free trade.
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