The "Catalogue for the Guidance of Industrial Structure Adjustment (2024 Edition)" issued by the Chinese government agency has a guiding role in how China's tire industry will develop in the next year. The new guidance document will come into force on 1 February 2024 and covers three categories: encouragement, restriction and elimination.
Judging from the content of the published document, industrial upgrading, environmental protection and encouraging the high-quality development of the manufacturing industry will remain the core elements in 2024. Specifically, the Chinese government encourages "high-performance radial tires with green technology". This type of tire is defined as "under the 55 series, with a rolling resistance coefficient of ≤ 9.0 N/kN and a wet road relative grip coefficient ≥1.25). At the same time, the relevant departments encourage the development of aviation tires, giant engineering tires (over 49 inches), agricultural radial tires, as well as supporting special materials and equipment production.
Bias tires, hand cart tires (including trolley tires), nylon cords, and steel cords with an annual output of less than 50,000 tons belong to the items that appear in the "restricted category".
Bias tires with an annual output of 500,000 pieces and below" and "tires with natural cotton cord fabric as the skeleton" are clearly included in the elimination category.
