WASHINGTON: China has failed to meet its commitments under a two-year "Phase 1" trade deal that expired at the end of 2021, and discussions are continuing with Beijing on the matter, Deputy US Trade Representative Sarah Bianchi said on Tuesday (Feb 2).
BEIJING: China’s factory activity contracted at the sharpest rate in 23 months in January, underscoring the huge economic costs from the country’s zero-Covid approach as surging cases and tough containment measures weighed on output and demand, a private survey showed yesterday.
TOKYO (Reuters) - Japan's services sector activity contracted at the fastest pace in five months in January in a sign businesses faced pressure from a record surge in new coronavirus infections due to the Omicron variant.
TOKYO (Reuters) - Japan's new automobile sales slumped in January, data showed on Tuesday, adding to growing signs the economy could contract in the current quarter due to persistent supply chain disruptions and a surge in Omicron coronavirus cases.
The Industrial Rubber Market size is forecast to reach US$160 billion by 2026, after growing at a CAGR of 7% during 2021-2026. Natural rubber and synthetic rubber are often used in various end-use industries for applications such as belts, hoses, tubes, and bearings. The rapid growth in tire manufacturing has been contributing towards the industrial rubber products industry growth. In addition, there is a surge in the production of medical equipment, which as a result is increasing the demand for industrial rubber for the manufacturing of medical equipment. Furthermore, for the manufacturing of vehicles, the automotive industry uses industrial rubber in many of its parts and components, which is also set to accelerate the market growth during the forecast period.
BERLIN: Volkswagen will be able to build 1 million electric vehicles a year in China in 2023, CEO of the Volkswagen Passenger Cars brand Ralf Brandstaetter told Nikkei on Wednesday, boosted by a new plant in Anhui province.