World Tire Giants Compete in the Chinese Market

摘要

With the letter of intent for the establishment of a joint venture enterprise between Pirelli of Italy and Fengshen Tire,and the memorandum of understanding on the establishment of a joint venture enterprise between Continental of Germany and Qingdao Double Star at the end of 2004,as well as the 8 tire giants that have already constructed plants in China,10 global tire giants will compete in the Chinese market in 2005.