Setting up factories abroad is not only encouraged by China’s Belt and Road initiative, it is also provides a means of avoiding the tariffs on China-made tyres charged by the USA and a number of other countries. Qingdao Fullrun Tyre Corp. Ltd. recently shared that, after numerous visits from company president Liu Zijin and a team of managers, on 28 September an agreement was signed for the company’s first overseas production facility. The plant will be built in Malaysia and is expected to enter operation in May 2017.