Shandong Yongtai Group Co., China’s tenth-largest tire producer, declared chapter earlier this month, owing to strain from the USโChina commerce battle.
The corporate’s chapter submitting was obtained by the Dongying Metropolis Intermediate Individuals’s Courtroom in Shandong Province. The corporate, which was based in 1996, was positioned thirty second on the checklist of the world’s most outstanding tire firms revealed by the American journal Tire Enterprise in 2016. The company employed round 5,000 individuals at its peak.
In line with the commerce newspaper China Tire Supplier, that is the biggest chapter case in China’s tire enterprise.
Since a minimum of 2008, the US Division of Commerce has imposed anti-dumping and countervailing duties on Chinese language tire imports, accusing tire producers of promoting items at lower than honest worth within the US and alleging that the Beijing regime supplies firms with subsidies that stifle competitors.
A large number of inner and exterior causes contributed to the Yongtai Group’s chapter. In recent times, China’s tire sector has skilled extreme overproduction, leading to a surplus of provide over demand.
In line with China Tire Supplier, the Yongtai Group’s challenge is not distinctive. With over 300 tire corporations, Shandong Province has essentially the most in China, accounting for three-fifths of the entire sector. Nonetheless, 35 tire producers in Shandong have closed or filed chapter between 2017 and this 12 months.
In line with a survey performed by the China Rubber Trade Affiliation, round 15% of the highest 39 tire companies examined suspended manufacturing utterly or partially within the first quarter of this 12 months. Round 40% of the enterprises reported increased monetary losses than in prior years, whereas 30% reported worse revenue margins. Solely 15% have witnessed a rise in gross sales and profitability.
source
Well,if 39 companies out of 300 face closure the remainder is still staggering.Still they rise, America will loose the trade wars so badly
Good……… one more down and we can get our economy's running and manufacturing here at home.
Communist China (#CPC) owes 23 trillion dollars for mishandling of covid19 and spreading the virus all around the world. All chinese debt for every country should be nullified and severe sanctions should be imposed on communist Chinese party and all its members!
Where is PENG SHUAI???
why tyre color only black?
DELUSIONAL
The most dangerous people in the world are not the tiny minority instigating evil acts, but those who do the acts for them. For example, when the British invaded India, many Indians accepted to work for the British to kill off Indians who resisted their occupation. So in other words, many Indians were hired to kill other Indians on behalf of the enemy for a paycheck. Today, we have mercenaries in Africa, corporate armies from the western world, and unemployed men throughout the Middle East killing their own people – and people of other nations – for a paycheck. To act without a conscience, but for a paycheck, makes anyone a dangerous animal. The devil would be powerless if he couldn't entice people to do his work. So as long as money continues to seduce the hungry, the hopeless, the broken, the greedy, and the needy, there will always be war between brothers. If people are kept in the dark and against each other, then they canโt fight against the real problem, the Elite santanic secret societies. โFear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering."ย Once you start down the dark path, forever will it dominate your destiny. Consume you, it will.ย Always pass on what you have learned. Patience you must have my young Padawan.
ReSearch๐ฌSoCieties๐ LibertyFreedom๐ญ
"#Meditation(((Sound)))Frequency #Healing"
เฟ๐งโโ๏ธ https://meditativemind.org ๐งเฟ 369
We'll Not Comply Welcome To Revolution๐
https://rumble.com/embed/vmic9s/?pub=4
๐ง BrainWashed๐ฟ Tom McDonald๐ถ๐๐๐ง
https://rumble.com/embed/viuzsi/?pub=4
๐ตDivided We All Fall Overtime ๐ถ๐๐ง๐
https://rumble.com/embed/vgxlfh/?pub=4
'"VaccSin The Silent๐คซ #Killerโฐ #666ml๐'" http://www.whale.to/v/mcbean.html
#Astrology #Esoteric #Knostic #Occult
https://jordanmaxwellshow.com
# Virology๐ฆ #Doctor Explains On #Virus๐ชฑ
๐ง๐ฝ https://youtu.be/LVBc7-Te_yA ๐ ๐
Devils๐นWho Killed๐Humanitie For Profits
https://rumble.com/embed/vn2n1j/?pub=4
https://www.algora.com/Algora_blog/2021/11/20/dr-david-martin-who-they-are-the-names-and-faces ๐๐ฐ๐
Vaccine๐ #Killโ & Cannot Be #Sueโ
https://rumble.com/embed/vnqx8n/?pub=4
https://www.davidmartin.world/ ๐ ๐๐๐
Robert Kennedy Jr. Milan Italy ๐ฎ๐น๐ฃSpeech
https://www.roxytube.com/v/um4Fla ๐๐
https://vaccineimpact.com/2021/dr-david-martin-there-is-no-delta-variant-novel-coronavirus-known-as-covid-19-was-patented-2-decades-ago/
https://www.sgtreport.com/2021/11/dr-david-martin-exposes-the-names-and-faces-of-the-people-who-are-killing-humanity/
Perjury๐คฅIs Not Crime To Puppettician๐คซ https://m.youtube.com/watch?v=vYJrFcQTTOI&feature=youtu.be ๐๐๐
https://stansberryresearch.com/articles/the-big-lie-behind-covid-20
https://www.theburningplatform.com/2021/07/19/eight-covid19-lies/
Kary Mullis Nobel Prize Inventor CovidScam
๐คซ https://youtu.be/MkqQIY7J0fQ ๐ ๐๐
Richard Bruce: #Society ๐ฉ#Engineeringโ
http://www.freeourworld.org/index.html
Truth's Not Televise๐บFear๐ฑ & Lies๐คฅ Is!
https://davidicke.com/ ๐๐๐๐๐
https://prayandbeready.wordpress.com/2021/01/28/killing-me-softly-with-food-water-air-medicinal-and-vaccine-poisoning/
World๐Citizen Who Live Intellectually Moral
https://worldservice.org/docpass.html
https://freedomhouse.org/report/freedom-worldย ย ย https://rsf.org/en/ranking_table
๐ฉบ๐งฌDr. Shiva Ayyadurai Who #Invented our
๐ง#Emailย https://vashiva.com/ #MIT #PhD.
https://youtu.be/rL9FnQDPvHw
๐ฉบ#Dr. #Rashid #Buttar ๐งช๐ฌ
โ https://www.drbuttar.com/ ๐งซ
#Liberty๐ฝ#Freedom #Oaths๐ #Keeper๐
https://www.freedomwatchusa.org
"#Exposing Satanic Kabal #Cultย Network๐ธ"
https://youtu.be/ikGSnc2lojE
#Snosam #Secret ๐ne Eye #Religion
https://youtu.be/Y7G5CKX0je0 ๐๐๐
#Karen #Hudes Banking #Financial #Insiderย #Central๐ฆ #Lawyer https://kahudes.net/
#World Ruthless Psycho Liar๐คฅ Self Exposed
๐ https://youtu.be/_F8nTk3QDb0 ๐๐๐คซ
LeftWing RightWing Are One Same Bird๐ฆ
https://vimeo.com/618495918
Treacherous Tyranny Treason Mafia Thieves
http://www.expose1933.com/
๐ง ๐ฟMK Ultra ๐บTV 6506148 B2 ๐G๐gle
https://www.mindcontrol.se/
#Pedophile๐ถ #Satanic ๐น #VaEmpire๐งโโ๏ธ๐ฉธ
๐ค https://pedoempire.org ๐คซ
https://www.stopworldcontrol.com/cabal/
Dr. #Vandana #Shiva #Monsanto #Pioson
https://m.youtube.com/watch?v=GwxOxQ1AOEg&feature=youtu.be ๐๐๐
https://jamaicapeacecouncil.wordpress.com/2019/02/24/vandana-shiva-we-must-fight-back-against-the-1-percent-to-stop-the-sixth-mass-extinction/
L๐k Up Sky Full Of ChemTrail ๐งช= = = == โ
https://youtu.be/5WdLV3YRMvw ๐๐๐๐
https://youtu.be/Yp0brIRX3KU โ๏ธ = = ===๐ฉ
๐ No #Sensorship๐คPlatforms Community
https://www.bitchute.com/channel/X35RQmVOZueu/
https://www.roxycast.com/ SocialMedia๐ฅ
๐ฃ https://gab.com ๐ฅ SocialMedia
๐ฝ https://lbry.com ๐ YouTube #Alternative
๐ https://odysee.com Alternative#YouTube
๐ฃ https://safechat.com ๐ซ Social #Network
https://rumble.com/c/X22Report
#Covid19_March #PlanDemic 911 #Exposed
http://www.chuckmaultsby.net/id307.html
#EvilLution #Propaganda Kabal Cult Culture
https://www.wanttoknow.info/secret_societies/ruling-class
Watch "How A #Secret #Society Created A #Federal #Reserve At #Jekyll #Island" ๐
https://youtu.be/4RCJGr2XQh8
โ #Extermination Plot Against #Humanity๐คซ
https://grist.org/politics/agenda-21-everything-you-need-to-know-about-the-secret-u-n-plot-in-one-comic/
#Dr. #Ron #Paul LibertyFreedom #Keeper
http://www.campaignforliberty.org
#Depopulation #Extermination #Agenda
https://sustainabledevelopment.un.org/outcomedocuments/agenda21
๐#Dragon #Secret #Society #Informer ๐ฒ
https://benjaminfulford.net
#Explore #Unknown #Behind #Shadow
๐ https://www.ebh.club ๐ฐ
#CEO #Puppettician #GovernMind Resigned
๐ https://www.resignation.info ๐งพ
#CanSpiritSee #Reality #News #Network๐ฅ
https://steverotter.com/arrests-and-executions-of-famous-people-2020-updated/
https://www.ourgreatawakening.org/182771-sealed-indictments-being-unsealed/ย Occult[Hidden] In Cyber PlainSightย https://thegreatwork208716197.wordpress.com
#Common LAW Natural Law #Universe Law
https://freedom-school.com/
https://freedompool.org/
https://inalienablerights.wordpress.com/
#Sovereign #Education #Defense #Ministry
๐ญ https://sedm.org/ โ
Mark M. Rich [Weather Warfare] D.E.W.
http://www.newworldwar.org/weatherwar.htm
Deborah Tavares #Researcher For Humanity
๐๐๐ http://stopthecrime.net/ ๐๐คณ
๐ฝ๐ธKerry Cassidy #filmmaker #investigator #journalist https://projectcamelotportal.com
ยฟ"Why? #Word Is ๐ฎ #Magic๐ช" #Spells๐งโโ๏ธ๐งน
https://rense.com/general90/wordmagic.htm ๐ https://rense.com/ ๐๐๐
#Max #Igan #Australian #Researcher
https://youtu.be/IRkuxy_ywkk ๐๐๐
https://thecrowhouse.com/home.html
#PATENT # OF POPULARย โฃBIOLOGICALโ #WARFARE DIS'EASES TO #DEPOPULATION CONTROL: SEARCH USA #GOERGIA #GUIDE STONE๐ชฆ & AGENDA21 #MANUAL๐BOOK.
VACCINE FOR SELF๐ง#MUTATE #666ml๐ย World ๐งช#Elixir: From #Elite #PROPAGANDA
#AIDS โ Patent: # 5676977
#H1N1 โ Patent: # 8835624
#EBOLA โ Patent: # 20120251502
#SWINE #FLU โ Patent: # CA2741523A1
#BSE โ Patent: # 0070031450A1
#ZIKA โ Patent: # ATTC VR-84
#SARS โ Patent: # 7897744 & 8506968
#CORONAVIRUS โ Patent: # 10130701
Watch "1st documentary movie๐ฅ of CCP virus, Tracking Down the Origin of the Wuhan Coronavirus" on YouTube
https://youtu.be/Le_rfTdayLs
LAHAT dapat Ng shiftment Ng china sa bansa stop na para humina Ang ekonomiya nila.
More than China, This channel has gone bankrupt in ideas!.
Tough sht.Boycott all chinese products.And buy American.
Achina ganha mais produzindo do que guerreando perde muito
the chinese have a habit of producing anything 10 times more then the market request so they go bankrupt BY DEFAULT even without trade problems.
39 from 1000 company?
๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ๐คฃ
Karma. Created Covid…Less Demand for travelling. Less tire used. So why conveniently Blaming USA?
๐ค๐ค
China flooded the USA with tyres try to destroy USA tyre makes .
https://youtu.be/QcpCQLYthX8
What it's going to boil down to, you and I will pay more for our tires.
Hope you can also report on how many US companies have gone bankrupt too.
39 Tires Companies goes out of business. ……what they FAILED to tell you is that there are still 10,000 more Tires Companies still operating.
No problem, china requirements bigger than US. Just merge the companies
Thousands US companies closed shops
Ford's sales ub China declining quickly
The total sales for the whole year of 2020 have fallen to 184,000 vehicles, which is a far cry from the 957,000 vehicles in 2016.
All thanks to the trade wars
Chinese people do not buy US brands anymore
Also GM and Tesla seeing a sharp decline in their sales
All thanks to Pedo Biden and lunatick Trump