Infrastructure construction drives the development of engineering vehicle tires

Before the "May 1st" holiday, the Central Financial and Economic Commission held its 11th meeting. The meeting emphasized the importance of infrastructure development and clarified the infrastructure goals for the first half of 2022. The Ministry of Finance has made it clear that it will issue 3.6 trillion new special debt plans, focusing on infrastructure construction. This move means that a large number of infrastructure construction projects will be launched to stimulate the development of the tire industry.

It is understood that the growth rate of China's construction vehicle sales is positively correlated with the growth rate of fixed asset investment. The construction of engineering projects plays an important role in promoting the sales of all-steel tires.

At the same time, boosting the tire industry with infrastructure is also the focus of the current development of the United States. Since Biden took office, the "Infrastructure Investment and Jobs Act" has been issued, and the American Tire Manufacturers Association said that the Act has laid the foundation for the future development of the tire industry.

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