Nation’s tire exporters must diversify

%3CP%3E%3CFONT%20face%3DVerdana%3EChinese%20tire%20producers%20have%20been%20heavily%20dependent%20on%20exports%20to%20the%20US%2C%20but%20they%20need%20to%20upgrade%20their%20products%20and%20explore%20new%20markets%2C%20analysts%20said%20on%20Tuesday%2C%20following%20a%20preliminary%20determination%20by%20the%20US%20Department%20of%20Commerce%20against%20tire%20imports%20from%20China.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20US%20Department%20of%20Commerce%20announced%20on%20Monday%20its%20preliminary%20determination%20regarding%20anti-dumping%20duties%20on%20imports%20of%20truck%20and%20bus%20tires%20from%20China%2C%20the%20Xinhua%20News%20Agency%20reported%20on%20Monday%20%28US%20time%29.%20The%20department%20said%20that%20such%20products%20from%20China%20had%20been%20sold%20in%20the%20US%20at%20dumping%20margins%20of%2020.87%20percent%20to%2022.57%20percent%2C%20according%20to%20Xinhua.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20US%20agency%20published%20a%20notice%20in%20February%20initiating%20a%20countervailing%20duty%20investigation%20on%20truck%20and%20bus%20tires%20from%20China%2C%20following%20petitions%20filed%20in%20January%20by%20US%20workers%20who%20make%20truck%20and%20bus%20tires%2C%20according%20to%20the%20US%20International%20Trade%20Commission.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThis%20is%20not%20the%20first%20time%20the%20US%20has%20launched%20an%20anti-dumping%20probe%20into%20Chinese%20exporters.%20The%20department%20issued%20anti-dumping%20duty%20and%20countervailing%20duty%20orders%20in%20August%202015%20on%20certain%20passenger%20vehicle%20and%20light%20truck%20tires%20from%20China%2C%20which%20allegedly%20injured%20the%20US%20industry.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22One%20main%20reason%20behind%20those%20successive%20investigations%20into%20our%20tire%20products%20is%20that%20Chinese%20producers%20export%20too%20many%20to%20the%20US%2C%20some%20of%20them%20even%20export%2060%20percent%20to%2070%20percent%20of%20their%20total%20production%2C%22%20Wu%20Chenhui%2C%20a%20Beijing-based%20independent%20analyst%2C%20told%20the%20Global%20Times%20on%20Tuesday.%26nbsp%3B%26nbsp%3B%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20total%20value%20of%20China%27s%20tire%20exports%20was%20%2413.19%20billion%20in%202015%2C%20of%20which%20%242.7%20billion%20went%20to%20the%20US%2C%20according%20to%20a%20report%20published%20in%20May%20by%20Shenzhen-based%20industry%20information%20provider%20askci.com.%20The%20website%20cited%20data%20collected%20by%20the%20China%20Rubber%20Industry%20Association%2C%20which%20represents%20more%20than%201%2C200%20related%20enterprises.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20volume%20of%20exported%20tires%20dropped%204%20percent%20year-on-year%20in%202015%20to%205.2%20million%20tons%2C%20which%20was%20mainly%20due%20to%20the%20increasing%20anti-dumping%20and%20anti-subsidy%20investigations%20initiated%20in%20markets%20like%20the%20US%2C%20the%20report%20noted.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22Some%20Chinese%20tires%20were%20exported%20to%20the%20US%20at%20relatively%20low%20prices%20compared%20with%20exports%20from%20other%20countries%2C%20which%20may%20raise%20concerns%20about%20alleged%20dumping%20activities%2C%22%20Guo%20Juan%2C%20an%20industry%20analyst%20at%20Shandong-based%20commodity%20market%20information%20provider%20sci99.com%2C%20told%20the%20Global%20Times%20on%20Tuesday.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EMajor%20exporters%20involved%20in%20the%20investigations%20such%20as%20Double%20Coin%20Holdings%20and%20Guizhou%20Tyre%20Co%20could%20not%20be%20reached%20by%20press%20time%20on%20Tuesday.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EFacing%20increasing%20anti-dumping%20and%20anti-subsidy%20investigation%20claims%20not%20only%20from%20the%20US%20but%20also%20from%20markets%20such%20as%20Brazil%20and%20India%2C%20Chinese%20tire%20producers%20should%20upgrade%20some%20of%20their%20low-end%20products%20and%20become%20more%20competitive%2C%20not%20only%20overseas%20but%20also%20in%20the%20domestic%20market%2C%20Guo%20noted.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22Also%2C%20setting%20up%20factories%20overseas%20and%20exporting%20to%20new%20markets%20for%20example%20Africa%20could%20be%20feasible%20ways%20to%20fend%20off%20trade%20disputes%2C%22%20she%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28Global%20Times%29%3CBR%3E%3C/FONT%3E%3C/P%3E