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Submitted to ZH, but very well done piece last evening from the most unexpected of locations... 60 minutes.
"Tire sales growth in China will be three times the global rate in coming years: Sumitomo."
I wish you would explain this coment a bit more, I believe it to be misleading. The way it is written we are expecting a SURGE in Tire sales growth, led by China. It should be noted that with the shift in production of autos to mainline China, it is not a surge in sales of tires, but a transfer of where they are heading. We are not going to see MORE tires being needed, but a larger concentration of tires going to China. This is not bullish.
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