China Product Quality Association: China's automotive tire industry quality credit rating is BBB

Recently, China's prestigious rating agency, China Quality Association (Beijing) Quality Credit Evaluation Center Co., Ltd. and China Association for Product Quality jointly issued a quality credit rating of China's automobile tire industry as BBB , and the warning color is yellow.

Based on the "General Approach to Quality Credit Risk Rating of Industries Related to the Vital Interests of People's Livelihood", the quantitative analysis was conducted through data research and combined with the quantitative calculation and analysis of the mathematical model of risk assessment formulated by the China Product Quality Association, which indicates that the industry is in a certain degree. The quality credit risk during the period is relatively low, but consumers should be careful to purchase or use this industry product.

In recent years, the overall quality of China's automotive tire products has shown a positive upward trend, but the increase is generally in the range. In 2011, the qualified rate of spot-check automobile tires was over 95%, and the qualified rate of quality was high. There are some differences in the quality of automobile tires in various regions of China. This explains to some extent that the quality of automobile tires that are currently circulated in the market is uneven, and consumers need to purchase products produced by large and medium-sized companies with high brand reputation so as to obtain quality assurance.

Unqualified automobile tire products are mainly rubber pad valve and tire body adhesive strength, elongation at break, strength properties, specified friction coefficient allowable deviation, and tire identification and other non-compliance or non-compliance.

According to the person in charge of the China Product Quality Association, the grades of credit risk involving the vital interests of the people’s livelihood are classified into four levels: A, B, C, and D. Each level is classified into AAA and AA according to different risk scores. Grades A, BBB, BB, B, CCC, CC, C, and D, and fine-tuned by "+" and "-". A, B, C, D four levels, respectively, with green, yellow, orange, red, as follows:

1. Industry quality credit risk A rating, that is, green, indicates that the industry has a small quality credit risk within a certain period of time, and consumers can use their goods or services with confidence.

2. The industry quality credit risk B rating, which is yellow, indicates that the industry has a relatively small quality credit risk within a certain period of time. Consumers should use this industry goods or services with caution.

3. The industry quality credit risk C rating, which is orange, indicates that the industry has a relatively large quality credit risk within a certain period of time. Consumers can not basically use the goods or services in this industry. The use of goods or services in this industry is at great risk.

4. The industry quality credit risk D rating, that is, red, indicates that the industry has a large quality credit risk within a certain period of time. Consumers may not use the goods or services in the industry. The use of the goods or services in the industry may be fatal.

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