Yuan Zhongxue: Suggest the Tire Industry Association coordinate planning for overseas factory capacity to prevent the "involution" from spreading to the "external competition."

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【Yuan Zhongxue: Suggest that the tire industry association coordinate the capacity planning of overseas factories to prevent “involution” from spreading to “external competition”】Caixin News, March 25 (reported by Caixin): Yuan Zhongxue, honorary chairman of Sailun Group, said at the 21st China Rubber Conference that tire companies going overseas is a “required question,” but industry associations must coordinate capacity planning to prevent “involution” from spreading to “external competition.” For example, just in Cambodia, there are 11 China-funded tire companies already operating there, which likely exceeds the market’s capacity. At the same time, overseas, tire companies need to use high-reliability equipment and pay attention to developing local professional managers, while integrating into local culture. (Caixin News reporter Xiao Lianghua)