Tire makers take it on the chin
By Li Fangfang | China Daily | Updated: 2010-02-25 08:02
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A worker at Hangzhou Zhongce Rubber Co Ltd. Domestic tire manufacturers including Zhongce are considering a price increase in March. Liang Zhen |
Hit with a double whammy from skyrocketing raw material prices and lost overseas market share, Chinese tire makers may be forced to raise prices at a time when foreign rivals are quickly expanding into domestic markets.
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