According to analysis, in 2013, Chinese tire companies overcame many difficulties, and their production and export conditions developed steadily. Industry production and profits achieved a certain degree of growth, but most companies increased production without increasing income, and their profit growth rate fell seriously. This makes the problems faced by the industry's future development not to be underestimated.

Cai Weimin stated that the weak innovation ability of enterprises, insufficient investment in technology research and development expenses, severe product homogenization, low added value, and severe structural overcapacity of product production capacity are all the reasons for the above phenomena.

Green tires have become a trend

In recent years, the domestic tire industry has focused on adjusting its product structure, and various enterprises have targeted energy-saving, environmentally friendly, and safe green tires when formulating development strategies. Cai Weimin introduced that in 2013, the domestic tire industry produced heavy-duty radial tires by multiple enterprises such as Fengshen, Shuangqian, Zhongce, and Triangle, which were recognized as green tires by the US Environmental Protection Agency.

At the same time, representatives of the National People's Congress in the industry actively called for enterprises to strive for national policy support, and projects such as cultivating and developing Eucommia ulmoides rubber resources were supported. Enterprises themselves have also begun to strengthen their construction, while adjusting their product structure, they have gone abroad and invested in building factories.

Limited growth in 2014

Cai Weimin expressed optimism about the upcoming year of 2014. He believes that the country will increase its efforts in the economic development of the central and western regions and make appropriate policy adjustments, which will bring benefits to the tire industry. The fundamentals of rigid demand in the industry are good, and the total amount will still maintain a certain degree of growth,

However, Cai Weimin also pointed out that due to the prominent constraints of the industry, as well as the serious problems of structural surplus and product homogenization, rising costs, and foreign adverse factors, the growth rate of the industry in 2014 will be very limited.