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China tire sales value falls in 2013

The value of tire sales in the domestic market fell in 2013 as the sharp decline in tire prices had outpaced the growth of tire production.

Prices of domestically produced tire products are expected to continue a downward momentum in the first half of 2014, analysts say, adding that the downside pressure might be eased a little in the second half.

Meanwhile, value of China’s tire exports is expected to see a rise of 8 to 10 percent year on year this year, boosted by firm demand overseas.