A small Chinese county that gets a niche in global tire market
2025-05-18 22:58 Xinhua
Guangrao's tire boom shows no sign of slowing. If anything, the county is doubling down on expansion and innovation to secure its lead. According to Sun, the county is investing 9.31 billion yuan across 14 key projects this year, expanding its annual radial tire production capacity to over 260 million units upon completion.
This local boom highlights China's tire industry dominance. In 2024, China exported over 20 billion U.S. dollars worth of rubber tires, capturing 35 percent of the global market as the world's top producer and exporter.
At the bustling tire expo, it's clear that Guangrao's transformation is not just a local story but part of a broader shift in China's manufacturing. Traders like Musa remain bullish. “My clients and I are excited to experience the cutting-edge innovations Guangrao tires have to offer,“ he said.■