Share China business experiences! That is what our China Expert Guest Blog is all about. Looking for business, commerce, trading and other Guanxi type of news on how to be successful investing or dealing, in or with, China? You have come to the right place.
And if you would like to share your China business experiences daily/weekly/monthly or just once, don't hesitate! Send us an email: info@chinasuccessstories.com
If you know the answer to one of the questions below, simply use the comment functionality.
December 5th, 2007 by China Business Success Stories
By Vincent Cheung
Last night, I was on MSN chatting with my client, whose trading WFOE (Wholly Foreign Owned Enterprise) incorporation is being proceed by me currently. He hired a 21 year old assistant to assist him in daily affairs. My client sacked her a couple of days early, for her irresponsibility and laziness, and is seeking another assistant, so he asked me if I happened to know anybody. I introduced a girl who’s intending to quit her present job, and they seemed to have a good conversation on MSN later.
The girl was concerned with the mandatory social insurance thing. The problem is, since the trading WFOE is still under incorporation, she wants to know whether she can still get the five social insurances during the first several months before the trading WFOE is legally established. Well, I think it’s an issue between the employer and the employee, and I literally cannot help. So I just reminded my client about the different social insurance treatment against the local Shanghai people (who have Shanghai Hukou) and those non-local staff. Read the rest of “Shanghai’s Social Insurance System” or post a comment
December 4th, 2007 by China Business Success Stories
By Katherine Don
I recently had the opportunity to visit two factories in the southern China town of Kaiping that produced denim jeans for a major discount retailer in the United States. Considering that the only reports of Chinese textile factories that I had come across had been critical, the visit was a (pleasant) surprise.
Working conditions were orderly and tidy, the air was cool despite scorching heat just beyond the concrete walls, generous lighting flowed from large bay windows, and healthy employees casually chatted above the hum of the machines barely noticing the presence of the factory owner leading us through. A sense of respect and camaraderie passed between the management and employees, ages 20-40, while the atmosphere was calm yet efficient for a Sunday afternoon without a sense of employee exhaustion or oppression. Read the rest of “Made (responsibly?) In China” or post a comment
November 29th, 2007 by China Business Success Stories
By Ernie Tadla
After twenty-five years of management experience with Johnson & Johnson (J&J), Bristol Myers-Squibb and Quadra Logic Technologies, (QLT), I became a “corporate refugee,” a middle-aged, middle manager who was downsized in the recession of the ’80s. There were thousands of us walking around in a daze. After years of education and successful corporate performance, we were out on the streets.
When you can’t get a real job, you become a consultant, which is why I founded Odyssey Consulting International Inc. I was doing for my own stable of clients what I had been doing for my corporate employers. Read the rest of “China Chapter Two: Apprehension and Trepidation” or post a comment
November 28th, 2007 by China Business Success Stories
By Christine Liu McLaughlin and Margaret Kurlinski
When entering the China market, many multinational companies assume that a country with a population as large as China’s would not have a labor shortage. However, the fact is that qualified labor is at a premium in China. Under the booming economy, the rising demand for Chinese labor has exceeded its supply. Hiring talented employees—young, upwardly mobile Chinese professionals with advanced skills and an understanding of international business—is even more difficult. Because of the limited availability of such employees, the competition for this talent is intense.
With tough competition comes a high turnover rate. According to a report by Hewitt and Associates, China has one of the highest (if not the highest) employee turnover rates in Asia, around 14% in 2006. It is no wonder that a recent poll by the American Chamber of Commerce-Shanghai revealed that Read the rest of “Attraction and Retention of Chinese Employees: A Legal Perspective” or post a comment
November 26th, 2007 by China Business Success Stories
By Jack Perkowski
Now that we are counting down to the 2008 Olympic games, first-time and not so recent visitors to China are no doubt wondering what they will see when they land in Beijing next August. In the run-up to the games, we will take every opportunity to describe the changes that are taking place in China and paint the picture of how the country will look in another year.
With China’s continued economic prosperity and the increase in wealth it has meant for hundreds of millions of Chinese, one sector that is changing rapidly and is getting added impetus from the expected onslaught of visitors next year is services. China has made its mark so far as a manufacturing powerhouse, but some of the biggest areas of growth and the best investment opportunities going forward are likely to be in providing an upgraded and larger array of services to an increasingly affluent class of Chinese customers. Read the rest of “The Growth of China’s Service Economy” or post a comment
