Demand for rubber production has always been strongly dependent on the performance of the automobile industry. According to China Association of Automobile Manufacturers, China topped global automobile sales with a record high of 28.9 million units in 2017, three percent higher than the previous year. Adding to that, China’s gross domestic product grew by 6.8 percent. Meanwhile, China’s automobile sales posted a 2.8 percent growth in the first quarter of 2018 as China’s automobile manufacturers registered total sales of 7.2 million units in the same period.
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