Chinese still buying cars – fuel efficient ones

GUANGZHOU, Guangdong Province – Seeing the jostling crowds at the Guangzhou auto show, it seems hard to believe that car sales have slowed in China.

Over two sprawling levels of a convention center here, flashy sports cars, minivans, SUVs, Jeeps, the odd concept vehicle, even RVs, beckoned people to imagine a shinier mobile lifestyle.

“We already have a small car, so we want a bigger car like a four-wheel drive,” said Tang Qing, a young well-dressed woman whose “small car” is a BMW.  “So the whole family can go out together.” 

“The GLK is the model I like,” she added, having just checked out that model of SUV at the Mercedes-Benz display.

Image: China auto show
Adrienne Mong/NBC News
The 2008 Guangzhou auto show draws huge crowds. 

Tang exemplifies the young Chinese consumer over whom market researchers smack their lips.  China, according to one such survey, has more aspirational car buyers than any other nation in the world.  

And this desire for the trappings of a better life – combined with the growing means to realize material ambitions for the world’s largest population – has helped make China the biggest auto market after the United States.

For the past six years, the country has clocked more than 20 percent growth in domestic vehicle sales. Last year, 8.8 million vehicles were sold here. 

But this year sales have slowed considerably – owing to growing economic uncertainty abroad and at home. Analysts are forecasting growth of around 8 percent for this year. And Chinese carmakers are apparently apprehensive enough to have considered seeking a government bailout of their own. 

Against this backdrop, Tang appeared to be the rare luxury buyer the morning the NBC News team wandered through the auto show.

…(read more)

New pyramid found in Egypt

Scientists took two years to unearth a 4,300-year-old pyramid in Saqqara, Egypt. It’s believed to be the tomb for Queen Sesheshet. NBC News’ Charlene Gubash reports.

VIDEO: New pyramid found in Egypt…(read more)

Plight of Pakistan’s abandoned children

ISLAMABAD, Pakistan – The story about the worsening economy in Pakistan can be seen in the plight of children at the Edhi Welfare Center in Karachi – it has meant more children being dropped off.

This week, the scale of the suffering drew media attention after three mothers, members of an extended family, abandoned eight children at once.

Bilquis Edhi, wife of the center’s founder, 80-year-old, Abdul Sattar Edhi, told journalists that it was unprecedented that eight children with living parents were brought to them.

“The three women came together to my center,” she said. “They asked me to please take their children; they could no longer feed them.”

“The mothers were sobbing as they tried to leave the children and the children were crying clinging to their mothers,” Edhi said. “It was heart wrenching to watch.”

NBC News
One of the little boys abandoned at a welfare center in Karachi cries while answering questions from journalists.

All of the children seemed scared and unaware of why their mothers were leaving them at the welfare center.
…(read more)

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