Newsletter Week 5, 2008 |
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Dear Reader, Here is this week’s edition, covering:- Caution is the key in Chinese recruitment - China Chapter Eight: China Experience - Workers’ paradise - China's Banking Industry We hope you will enjoy reading this edition. Have a nice weekend! All of us at China Success Stories China Expert Guest Blog Caution is the key in Chinese recruitment  As UK companies seek to take advantage of China’s growing commercial prominence, recruiting and keeping employees is becoming more of an issue; particularly with the increase in forged CVs and Diplomas.Stories in the press make fairly frightening reading. The China Daily did a test and discovered that out of 3,000 diplomas, 800 had been forged. It also revealed that a Harvard PhD can be bought for as little as $100. Elsewhere, the practice of ‘Qiangshou’, where people sit exams for other people for a fee, is also on the rise. The Chinese Government is attempting to clamp down on such issues, with large fines and prison sentences being introduced, but companies wanting to recruit in the country should exercise caution. Read the rest or post a comment >>  China Expert Guest Blog China Chapter Eight: China Experience  It was one thing to work with Chinese people, have Chinese friends and Chinese clients, but one of my most enriching experiences was living as a member of a middle-class Chinese family.For two years, I was married to a wonderful, beautiful and successful Shanghainese businesswoman, Michelle, who had a seven-year-old daughter. All I had heard about and read about the Chinese culture, I was able to experience from the inside. Family, friends and health awareness are integral parts of their culture. There are no nursing homes in China. Confucian philosophy dictates the relationship between the son and his parents. It is expected that the son will look after his parents in their old age... Read the rest or post a comment >> China Expert Guest Blog China’s Banking Industry  When the China Industrial and Commercial Bank (ICBC) opened for public trading at the stock exchange end of October, the bank raised a total of USD 19.1 billion to start with, achieving the largest initial public offering ever. ICBC is now the top listed bank in Asia and the fifth biggest in the world.Despite the enthusiasm created by ICBC's listing, and the fact that international advisors such as Morgan Stanley are planning to add ICBC to its standard index soon, some analysts are still concerned about the basics and fundamentals of China's banking industry. Over a long period, loans were approved by politically motivated reasons rather than economic decisions, and on several occasions, banks previously had to be "bailed out" by the government. Read the rest or post a comment >> Facts and Figures Beijing attractions You never know when these statistics might prove to be of value to you. So without further ado, here's our weekly top 10. Top 10 Attractions in Beijing
(Source: http://www.cityspotters.com/china/beijing.html) China Expert Guest Blog Workers’ paradise  Besides the human tragedy, there has always been a certain irony in the fact that the communist system has never been able to achieve its main goal: to bring prosperity to the masses. More specifically in China, there first where the farmers that did not particularly benefited from the revolution that was undertaken in their name. And now, much to Beijing’s chagrin one imagines, one scandal after another regarding the maltreatment of workers hits the international press circuit. But, help is underway. Starting January 1, 2008, the new labour contract law will come in force in China. Surprisingly it has many characteristics of the Dutch system which will give rise to some alarm among employers familiar with the Dutch system. Read the rest or post a comment >> Comments Brian Fenerty in reply to: Caution is the key in Chinese recruitment Great points TZ! I see a growing need for reasonably priced options for checking background, identities, and references. Thanks China Sourcing Service in reply to 4 Reasons Sourcing from China will be More Expensive in 2008: Your article is spot on - we are already warning new prospects that their costs are most likely going to rise for the very reasons you have cited in your article. Thanks for publishing it as... Ron Cune in reply to What is the best way to find investors and financing for foreign restaurant ventures in China?: Start with a reliable local partner for fast and easy registration procedures. Start slow with minimum investment so you can finance yourself at first. Min capital from yourself: App... Yanto in reply to Plenty of Space in Shanghai: Hi Marco. How are you..long time no news Its me Yanto, who lives in Jakarta Indonesia. Adam Wooten in reply to What is the best way to find investors and financing for foreign restaurant ventures in China?: "China restaurant industry research and investment analysis in 2008" may be a helpful report Links ... |
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