ZC Rubber chairman cautiously optimistic about China’s tyre industry

On 27 March 2024, Shen Jinrong, chairman of ZC Rubber, expressed a cautiously optimistic attitude towards the Chinese tyre industry at the 2024 China Rubber Conference, commenting: “For the Chinese tyre industry, the phenomenon of multiple positive factors coexisting at the same time is unlikely to reappear in 2024. Most of the positive factors will turn negative or slow down or decrease, and the tyre industry cycle has reached a high point. The contradiction of overcapacity in the industry will become increasingly prominent, and we should take measures to deal with it.”