Wages Rise Slower for Migrants
Wages of China's migrant workers slowed significantly last year, the National Bureau of Statistics said, without giving reason. Monthly wage of migrant workers rose 11.8% to ¥2,290 ($374) on average in 2012; the growth rate was 9.4 percentage points slower than the year before. Over 35% of the migrant workers were employed in manufacturing, followed by 18.4% by the construction sector. The total number of migrant workers amounted to 262.61 million as of the end of 2012, up 3.9% from a year earlier. Their average age has risen to 37 from 34 in 2008.
Vehicle Exports Rise 13% Through April
China's vehicle exports rose 1.5% year on year to 89,400 in April, the China Association of Automobile Manufacturers said. In the first four months, the nation exported 316,000 vehicles, up 12.7% from a year earlier with the growth 5.3 percentage points slower than in the first three months combined. Of total vehicle exports, 194,200 were passenger vehicles, up 24% year on year, and 121,900 were commercial vehicles, down 1.7% year on year.
China, Switzerland to Sign FTA
Switzerland is likely to sign a free trade agreement with China in July, becoming the first country in continental Europe to do so. Swiss financial chief Johann Schneider-Ammann said to Chinese premier Li Keqiang, who was visiting Switzerland, that he hoped to sign the FTA when he visits China in July. Schneider-Ammann didn't give further details. China is Switzerland's third largest trading partner after the EU and the US. The FTA is to particularly benefit Swiss watch makers, analysts say.
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