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China tire production declined in H1' 2019

Recently, China's National Bureau of Statistics released Chinese tire production in the first half year of 2019.

Statistics showed that China produced 70.279 million units of tires in June, yearly increasing 3.2%. However, Chinese tire production yearly decreased 1% to 403,745,000 units in the first half year.

Besides, China's tire production down month by month since March. In June, tire production monthly declined 2.45%.

Analysts said that under serious international trade environment and reducing auto market, China's tire production would keep reduction in the future.

With international trade barrier lifting, more international manufacturers transferred its orders to overseas factory, which also affected domestic tire production.