China’s economy is on track to achieve its growth target in at least the first half of 2025, ING analysts said, citing some resilience in consumer spending and a modest impact from a U.S. trade war.
Most Asian stocks moved little on Monday as a sustained conflict between Iran and Israel kept risk appetite on the backfoot, as did anticipation of a barrage of central bank meetings this week.
Britain’s economy slowed sharply in April, reflecting shockwaves from U.S. President Donald Trump’s announcement of wide-ranging tariffs and a one-off hit from the end of a tax break on property sales, official data showed on Thursday.
Goldman Sachs trimmed its U.S. recession probability to 30% from 35% for the next twelve months on easing uncertainty around President Donald Trump’s tariff policies after the U.S. and China affirmed a trade deal.
Industrial rubber encompasses a vast array of highly versatile elastic materials essential for demanding applications across numerous sectors. Broadly categorized into natural rubber, derived from the latex of rubber trees and prized for its high elasticity and tensile strength, and synthetic rubber, engineered from petroleum-based compounds like Styrene Butadiene Rubber (SBR), Nitrile Butadiene Rubber (NBR), Ethylene Propylene Diene Monomer (EPDM), and Silicone, each offering tailored properties such as resistance to heat, chemicals, abrasion, or weathering. The market for these essential materials is primarily driven by the rising demand from the automotive industry, where rubber is crucial for manufacturing tires, seals, hoses, belts, and vibration-dampening components. This demand is directly linked to increased vehicle production. In addition, strong growth in construction and infrastructure development is boosting the need for rubber in expansion joints, seals, roofing, and various components used in roads, bridges, and utility systems.
According to the China Association of Automobile Manufacturers ("CAAM"), China's automobile market maintained strong momentum in May 2025, recording double-digit year-on-year growth in both production and sales. Domestic demand and exports both posted solid performances. The passenger vehicle (PV) segment remained buoyant, while commercial vehicle (CV) demand showed signs of lag. New energy vehicles (NEVs) continued their rapid ascent, and automotive exports registered a notable acceleration.