Newsletter Week 9, 2008 |
||||||||||||||||||||||||||||||||||||||||||||
|
Dear Reader, Here is this week’s edition, covering:- Skills Competition in China Finance - China M&A activity unlikely to slow down, economy appears immune from U.S. recession - Microsoft and Wal-Mart in China - What the Chinese Want You to Know about Networking We hope you will enjoy reading this edition. Have a nice weekend! All of us at China Success Stories PS If you have an answer to one (or both) of the questions from the Q&A section in this newsletter, please help out! China Expert Guest Blog Skills Competition in China Finance  According to the Financial Times, we all chose the wrong career when we decided to be makers, doers and helpers. The big money is in moving money around, and the best salary deals in China are being given to deal makers right now.Local Chinese and international financial services companies have benefited from the recent opening of the market. The foreign companies have arrived at a good time, with huge volumes of cash sloshing around in unrewarding bank accounts, or lying under mattresses. It’s the perfect meeting of supply and demand. Competition for the skills needed to manage huge volumes of investment has resulted in fast rising salaries, and many companies have been forced to reach outside the financial services industries to get the skills. This is hardly surprising when assets under management have grown from $40 billion to almost $450 billion in the last two years. US and European money managers have noted the opportunity and if they are not here already, they are currently on a plane here. Read the rest or post a comment >>  China Expert Guest Blog China M&A activity unlikely to slow down, economy appears immune from U.S. recession  Chris Devonshire-Ellis, Senior Partner of Dezan Shira & Associates, speaking at the Asia Business Forum Annual China M&A Conference in Singapore today said that he felt the Chinese economy would withstand any U.S. recession and that M&A (mergers and acquisitions) activity would continue in the PRC.His comments, made to a group of prominent academics and lawyers, including the corporate finance heads of Deloitte Touche and KPMG, stated that while U.S. imports had declined by over 10 percent in the past four months signaling a downtown in the U.S. economy, Chinese exports had risen by over 21 percent for the same period, proving, he said, that China had sustainable export markets elsewhere that would keep it immune from any U.S. recession. He also noted that Chinese retail sales increased 16 percent over 2007 during the recent Chinese New Year, and that FDI had increased by 109 percent in January to US$11 billion over the previous year. Recent attempts to cool the China’s massive growth slowly appear to ... Read the rest or post a comment >> Questions and Answers Why would a US-based company want to create an Individual Investment Advisory Firm in China (pros/cons)? I would like an answer to this question since I’m working on a research paper entitled: Building a system/process to manage wealth in China. Regards, Tom Newell. Answer this question >> China Expert Guest Blog Microsoft and Wal-Mart in China  It took Bill Gates twelve years and billions of missed revenue, profit and market share opportunities to learn how to do business in China … the Chinese Way.Microsoft came to China in 1992. Eleven years later, with global revenues of $35 billion US, in China the second largest PC market in the world, Microsoft-China revenue was $300 million, and it was operating at a loss. Source: Newsweek, Asia edition. June 21/04 Several quotes from the article: • “….. struggling to turn a profit, the brash American software giant is no longer trying to change China. Instead, China is changing the company.” • “Microsoft started to heed the critics and to embrace China more fully. It is now broadly co-operating, even flying Chinese engineers to Redmond for training.” Read the rest or post a comment >> Facts & Figures Import from China Top 10 Imported Products* from China to the US, based on Total Value HS 4-Digit Level - in thousands USD
(Source of Data: U.S. Department of Commerce, Bureau of Census, source * "Products" refer to all merchandise classified within a given 4-Digit Harmonized System Code.) China Expert Guest Blog What the Chinese Want You to Know about Networking  For most foreigners, networking with Chinese can be a little tough. Well, thanks to a question we posted on LinkedIn Answers, we’re hoping to make things a little clearer. In brief:They’re not that different People often get so caught up in the differences that they fail to see the similarities between Chinese and western cultures. Just be yourself and don’t worry about skipping across the cultural minefield. Just as most of us would go easy on any local who made a social faux pas without knowing, local Chinese aren’t going to bite your head off if you accidentally put your foot in it. They are that different — from one another Following on from the above, don’t fall into the trap of thinking that all Chinese are much the same. They have their own thoughts, hopes and dreams. Some are more introvert, some more extrovert and ... Read the rest or post a comment >> Questions and Answers What is the best way for me to get local Chinese Oracle Consultants for a project in Hong Kong? My name is Tony Sherwood, Managing Partner of CyberSearch, Ltd in Chicago, IL USA. Our Direct Client, Oracle Corporation, is looking for a team of 10-20 Oracle Functional Consultants to implement a project for a Global Rollout. Answer this question >> Comments Brian Su in reply to Luxury Brands in China Not every wealthy Chinese is interested in luxury merchandises. Many of them are very low key and do not want any attention. I recently received two wealthy clients from China, I went with … Brian Su in reply to Breaking the Impasse: Promoting Worker Involvement in the Collective Bargaining and Contracts Process First of all, empowering workers is the least thing that the government wants to achieve. Unionizing in Walmart stores and other JVs is another way for the Chinese communist … Jeremy in reply to Common staffing mistakes in China, and how to avoid them @ Andrew: I will have to correct you on one thing here. Chris is not a lawyer. He publishes on law issues but is not registered as a sollicitor in Scotland or the UK. Andrew in reply to Breaking the Impasse: Promoting Worker Involvement in the Collective Bargaining and Contracts Process As you probably know, your organization’s website is blocked from the mainland. I would be interested in reading the report though, would you consider hosting ... |
||||||||||||||||||||||||||||||||||||||||||||
 |