Car boom speeds China to top world rubber consumer spot

Newswire

By Nao Nakanishi HONG KONG, July 26 (Reuters) - An automotive boom is driving China into pole position as the world's largest rubber consumer, surpassing the United States where Wall Street's problems are forecast to put a brake on car sales later this year, commodities traders say. As Chinese car sales are expected to top one million this year, a rise of nearly 40 percent over 2002, the world's top tyremakers are moving into China and expanding production there. Japan's third-largest ...

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