China’s moves to relax zero Covid policies good news for the tyre industry
While Covid has had a global impact, China’s particular policy choices have arguably had a more direct impact on the country’s tyre demand and production than others – an impact that the latest announcement appears to address (Photo: Martin Sanchez; Unsplash)
On 11 November 2022, Chinese authorities issued a notice on how to proceed with the next phase of COVID-19 prevention and management. The statement’s content shows that the Chinese government is still adhering to the policy of “dynamic clearing”, but it has relaxed controls to a certain extent. And that’s good news for the tyre industry as one practitioner told us: “The fight against COVID-19 may not end in a short period in China. However, if the anti-epidemic policies in the next stage can reduce the negative impact on the economy, it will undoubtedly benefit China’s tyre industry.”
Apollo Tyres
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