» 04/16/2013, 00.00
Burqa sales down in Kabul
Young women, who can now go to school or work, are more likely to reject the garment that covers their bodies from head to toe. Afghan production has also been undermined by cheaper imports from China. Brisk sales continue however in areas where the Taliban presence is still strong.
Honda sees Chinese sales plunge by 37 per cent because of strikes
Strikes in the Japanese giant’s Chinese plants start to bite as production and sales take a nosedive. Workers feel they won a battle, but analysts warn that without government support they may yet lose the war.
China, manufacturing drops to lowest level in the past 11 months
Preliminary index confirms a general slowdown of the Chinese economy. Employment rate and product orders also drop. Analysts warn: "Pressure on jobs market is rising". Guarantee of 7% threshold for national growth at risk.
Chinese exports and imports fall for third month in a row
The sector has lost 18.1% over last year, while exports drop by -2.8%. It is the third consecutive month to mark the negative trend the world’s second largest economy. The government hopes the new technologies will be "the key to national recovery."
Energy-hungry China might have to reduce steel production
Energy cuts imposed by the government could cut deep into on steel output, already declining last year.
Economic development needs structural adjustments
This was revealed by an economic planning executive. The liberalization of coal prices is on the agenda, as well as increased energy production. But more attention will also be paid to agricultural incomes and production.
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