Archives September 2007

ADB: China’s GDP growth to hit 11.2%, CPI to top 4%

BRISK exports, strong investment and buoyant consumption will lift China’s economic growth to 11.2 percent this year, up from an earlier estimate of 10 percent, with the inflation rate breaking 4 percent, says an Asian Development Bank (ADB) report released in Beijing today.

“The faster than expected growth momentum built up this year is expected to carry into 2008,” said Zhuang Jian, senior economist of ADB’s China Resident Mission, at a news conference.

The new ADB report also forecasts that China’s GDP growth in 2008 will reach 10.8 percent, revising from the 9.8 percent in an ADB report published in March.

Zhuang said China’s economy grew at a faster-than-expected 11.5percent in the first half of 2007, which is the highest rate since1994.

According to Zhuang, China’s fast economic growth was led by industry, especially in such sectors as steel, electricity, chemicals, and oil processing.

Strong profitability, buoyant sales and still-low lending rates also drove investment during the period.

The ADB report said investment administered by local governments grew by 28.1 percent in the first six months, nearly doubling the equivalent central government rate.

China’s inflation barometer – the Consumer Price Index (CPI) is estimated to hit 4.2 percent this year and 3.8 percent in 2008 as against the previous forecasts of 1.8 percent and 2.2 percent respectively, according to the ADB report.

Zhuang said rising global grain prices and a pig disease outbreak led to rocketing food prices, but this is expected to ease next year, paving the way for the implementation of planned reforms in the pricing of state-controlled sectors such as water, power and natural gas.

Significantly higher than expected inflation, however, poses a risk to the outlook. Zhuang said adverse weather would lower domestic grain production at a time when imported grain prices are high.

Product Manager ¨C Admixtures and CGAs

Company introduction:
Our client has over 70 years experience of supplying specialist chemicals to the construction industry. By concentrating on innovation and service to the customer, it now leads the way in specification selling into the construction chemicals market. This wealth of experience is gained from our worldwide presence in more than 20 countries, with exports to a further 50 countries. Their main customers are building, civil engineering and specialist contractors, served by a proactive and knowledgeable sales team. They also provide advice to architects and engineering consultants on the specification and use of the systems. They are supported by a global network of industry specialists, research laboratories and manufacturing facilities.
It is the leading supplier of high quality, cost effective systems for construction, protection and repair of concrete structures. With the development in Asia, they are welcome more talent to join in.

Report To: GM/GSM
Location: Guangzhou

Product Manager ¨C Admixtures and CGAs
Responsibilities:
1. To lead the profitable growth in sales of admixtures and CGAs in Greater China, coordinating sales and technical support teams to maximise sales and customer retention.
2. To manage the sales in order that budgeted sales and profitability targets are met.
3. To ensure that the sales team follow company objectives, strategy and policies.
4. Developing strategic plans for admixtures and CGAs.
5. Coordinating product development and product testing in the laboratory.
6. Coordinating and managing technical service teams providing support for the application of Cement Additives at the cement plant.
7. Coordinating works related to plant trials and dispensing system.
8. Negotiating fair and reasonable supply contracts with customers that provide Fosroc with good returns without excessive exposure to risk.
9. Collection of cash.

Requirements:
1. Degree level education in chemistry, engineering or other specializing in cement/concrete
2. With at least 5 years relevant working experience in a manufacturing or chemistry environment in a multinational company. And should work over 3 years in the recent company.
3. Working experience in Great China or Asia region will be preferred.
4. A good understanding of the cement and concrete industries in China
5. Good language skills ¨C English and Putonghua, written and spoken.
6. Good interpersonal and communication skills.
7. Good team player
8. Good commercial skills

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_eo118gz#dacare.com'(Please replace “#” with “@”)

Merchandising Manager

Merchandising Manager
Report to : GM
Location:Shanghai

Responsibilities and Requirements:
1. Collections Development and Production:
1. Work closely with our European and American designers.
2. Develop salesman samples for our lines
3. Source and Quote the prices with the vendors.
4. Follow up the production from approval till shipments to final destination (USA/EU)
2. Daily responsibilities:
1. Organize and manage a team of merchandisers
2. Manage the office and report directly to the Chairman
3. Develop new markets
4. Follow up of all commercial matters for each related textile department
5. Is the link between supplier and each category. Communication between clients and suppliers
6. To carry out business trip for sourcing and organize also clients¡¯ schedule.
7. To negotiate price and import process with suppliers
8. Strength of suggestions for products, suppliers and packaging

3. Profile£º
1. Strong management skills
2. Minimum 5 years experience in the Apparel Busines.
3. Strong experience in the merchandising, knit and woven
4. Strong on costing
5. Problem shooting & solving
6. Able to work independently with overseas customers and vendors
7. Perfect command of both spoken and written English & Mandarin
8. Use to work in an international environment

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_eo117care.com'(Please replace “#” with “@”)

Chief Financial Officer

Job Description:
Company introduction: Part of a Holding company, this international manufacturing and sourcing enterprise with around 400 employees up to date with large growth, is a part of a very successful entrepreneurial group that manufactures and markets a host of logistics and handling products. They are looking for highly qualitative, responsible, experienced and honest candidates that can accompany and develop their expansion and join their driven, fast growing and professional team. Rewarding career opportunities!

Positions available:
Report To:GM
Location: Qingdao
Responsibilities:
Role:
The CFO has the overall financial responsibility for a manufacturing company and its branch offices in China. (S)he is reporting to the CEO and the Chairman of the company.
Specific responsibilities include:
1. Overall Financial Planning
2. Financial structure, organisation, systems and processes
3. Financial team management
4. Financing and investments
5. Budgeting
6. Accounting
7. Bookkeeping
8. Control and Internal Audit
9. Declarations and official financial reporting and documentation
10. Internal reporting
11. Export and Import procedures

Requirements:
1. Have a university degree in finance
2. Have an accounting licence
3. Have AT LEAST 8-years uninterrupted financial experience from manufacturing on a management level
4. Have a proven successful experience in foreign owned company
5. Have a proven successful experience of team management
6. Have strong negotiating skills
7. Have knowledge of foreign reporting and accounting systems
8. Be completely fluent in written and oral English: minimum CET-6 level
9. Have perfect command of Windows and its components

Profile:
1. Minimum age: 32
2. Extreme seriousness, sense of responsibility, accuracy, sense of details and of quality
3. Driven, motivated, structured, honest, incorruptible, professional, efficient, over-achiever
4. Open and ability to adapt to western management and administrative style
5. Ability to work under pressure and to accept challenges and extremely tough goals

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_fi165qd#dacare.com'(Please replace “#” with “@”)

HR Mananger

Job Description:
Company introduction: Part of a Holding company, this international manufacturing and sourcing enterprise with around 400 employees up to date with large growth, is a part of a very successful entrepreneurial group that manufactures and markets a host of logistics and handling products. They are looking for highly qualitative, responsible, experienced and honest candidates that can accompany and develop their expansion and join their driven, fast growing and professional team. Rewarding career opportunities!

Positions available:
Report To:GM
Location:Qingdao
Responsibilities:
Be responsible for leading HR strategy and execution for Shanghai&Qingdao offices and for the Pingdu manufacturing site, as well as partnering with site leadership to drive and support organizational change initiatives and business transition activities.
1. Overall accountability for all HR activities and driving HR processes Provide a wide range of HR generalist support.
2. Drive all key processes Partner with HR team to develop and implement changes necessary to build the organization effectiveness and capability
3. Provide guidance/direction on company policies and practices
4. Champion an environment that encourages learning and employee development
5. Drive Reward and Recognition program
6. Support HR team members career development
7. Lead all employees related regulatory and compliance activities
8. Maintain up to date knowledge of Employment legislation and inform local business management and Group Management as and when appropriate
9. Focus areas are operations talent upgrade, change leadership, labor relations and the development and implementation of integration and globalization activities.
10. Provides a broad range of HR support actions for achieving business objectives
11. Position involves facilitating solutions to employee and leadership issues; developing and implementing HR strategy, policies and processes; and proactive development and coaching of leaders.

Requirements:
1. Higher weighting more important 10 Solid HR generalist experience, currently at HR Manager level.
2. Ability to demonstrate HR Business Partner value-add in a commercially focused, fast paced, blue chip organization.
3. Proven experience of successful working in a challenging unionized manufacturing environment, and excellent awareness of Chinese employment law and labor relations strategies.
4. Fluent mandarin (native level) and English spoken and written.
5. Results oriented, developing focused, realistic plans for self to deliver to expectations, with the ability to exhibit resilience in the face of setbacks, demonstrating determination and flexibility to overcome barriers.
6. Excellent written and verbal communication and presentation skills, including presentation planning and delivery skills, able to communicate with and influence multiple levels of the organization.
7. Able to manage multiple priorities in a highly matrixed organization and to deal with cross-functional populations.
8. Personality – self motivated and enthusiastic, influential in a fast moving commercial environment – reliable with sense of responsibility – creativeness, with the ability to make modifications to established practices/approaches.
9. Client and customer focused accustomed to working with multi-functional groups at all levels.
10. Proven experience of standardization of policies and processes.
11. Experience of working in a western manufacturing company.
12. Demonstrated ability to lead change initiatives and drive process excellence.
13. Relevant degree in HR or equivalent qualification, and country professional HR body qualifications highly desirable.

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_hr098qd#dacare.com'(Please replace “#” with “@”)

Chinese company picks Peachtree City£ºNew plant will create 200 jobs at facility on 241-acre site

By KEVIN DUFFY
The Atlanta Journal-Constitution

Published on: 09/12/07

Georgia’s business ties with the People’s Republic of China grew a little stronger Wednesday.

The state and Sany Heavy Industry Co. of Changsha, China, formally announced that the maker of construction equipment will open a plant in Peachtree City and create 200 jobs.

Sany will invest $30 million in land, buildings and equipment. Operations at the 241-acre site are expected to begin in the first quarter of 2009.

Sany is the third Chinese company in 15 months to announce it will do business in Georgia.

Hans Gant, senior vice president for economic development at the Metro Atlanta Chamber of Commerce, said Sany is the biggest recruitment success so far because in 10 years its work force could grow to 600 and its investment to $100 million.

Sany makes concrete-pumping equipment. Two examples of what it produces, extending 121 feet in the air, were parked in front of the Capitol during the announcement.

Sany Group, the parent company, employs 18,000 people and sells in more than 60 countries. Company Chairman Liang Wengen, who was at the ceremony, is a billionaire, according to Forbes magazine.

“What won the deal is just we wanted the business,” Gant said.

Financial incentives played a role. Sany will receive declining property tax abatements over 10 years that will save the company an estimated $2.2 million, according to Matthew Forshee, president and chief executive of the Fayette County Development Authority. During that time, Sany will pay about $2.75 million in property taxes, Forshee said.

In addition, Peachtree City will chip in $50,000 and Fayette County $150,000 to help Sany buy its industrial park site, priced at $6.5 million.

The state Department of Community Affairs will make available a $900,000 Regional Economic Business Assistance grant.

The Georgia Economic Development Department and the metro chamber have been building relationships with Chinese businesses and government officials for several years.

“It hasn’t happened by accident,” Gov. Sonny Perdue told the audience. “We’ve been in Asia and China looking for relationships and partnerships.”

The state recently began operating a one-person office in Beijing, and it’s lobbying China to open a consulate in Atlanta. Delta Air Lines is trying to secure direct flights from Atlanta to Beijing and to Shanghai.

In June 2006, the business recruiting trips began to pay off. Kingwasong, which makes soy sauce, announced it would invest $12 million to $15 million in a new plant in Newnan, creating 200 jobs. In May, a second Chinese business, General Protecht Group, which makes electronic equipment, bought 211 acres in Barnesville to build a plant.

In his translated remarks to the crowd, Liang mentioned Georgia’s airports, roads, ports ¡ª even its trees ¡ª as he explained why his company chose the state.

He called it “the outstanding talents in the blessed land.”

Monster’s data breach highlights uneven online practices

By now, the perils of securing online data with little more than user names and passwords should be well known. Monster.com learned that lesson late and the hard way, prompting last week’s disclosure that the Web jobs board will spend millions of dollars to improve its security.

Monster Worldwide Inc. recently discovered that con artists had grabbed contact information from resumes for 1.3 million people — and likely many more, since Monster now says this was not an isolated incident. Files were pilfered not only from Monster.com but from USAJobs.gov, the federal-government career-listing service operated by Monster.

The stolen information is not by itself ultra-sensitive, since resumes generally do not include Social Security numbers, financial data or account information.

But contact information can be lucrative for online criminals, who used what they got from Monster to craft “phishing” e-mails that go after such sensitive data.

The affair could serve as a warning to other businesses that operate online. But if the past is any guide, many will shrug off this episode.

“You’re going to see this happen again and again and again,” said security analyst Bruce Schneier, chief technologist for BT Counterpane. “I assure you, every other company didn’t say, ‘Wow, look what happened to Monster, we have to fix our problem.'”

Blame many factors. For one, upgrading security can be expensive, and many companies are reluctant to shell out for improvements until they’ve been viscerally reminded of the need for it.

“How do you justify a $10 million security budget when nothing happened last year?” said Mark Rasch, a former federal cybercrime investigator now with FTI Consulting Inc.

Another problem is that companies are hesitant to put up blockades that can annoy legitimate users.

“We’re all accustomed to a straightforward and easy experience,” said Dennis Maicon, executive vice president of Digital Resolve, a unit of Landmark Communications Inc. that sells automated fraud-detection systems. “We want to do things quick, we don’t want to jump through all kinds of hoops to say, ‘Hey, it’s me,’ because a good portion of the time, it is you. A company like Monster has to maintain the customer experience.”

That balance can shift, of course, if regulations require more stringent security. Many financial institutions and insurance companies have adopted extra measures like Digital Resolve’s authentication technology as a result. It lets customers sign on in a straightforward way but scans for anomalies (the user is signing on from, say, Ukraine all of a sudden) that might indicate an unauthorized person has stolen the password.

After the Monster breach was disclosed by researchers at Symantec Corp., Monster pointed out that its network security had not been broken. No one hacked in, after all. Rather, the criminals obtained legitimate keys to the system — most likely by phishing or guessing passwords belonging to recruiters with access to Monster’s tens of millions of resumes.

Yet the chance that someone would co-opt legitimate access to a network should itself have been considered a security flaw.

In one of the most infamous incidents, data-gathering giant ChoicePoint Inc. found in 2004 that criminals had posed as honest-to-goodness customers and filched information on 163,000 people. ChoicePoint ended up spending about $30 million fixing the situation, including $15 million to settle charges from the Federal Trade Commission that its standards were weak.

It’s unclear how much of a hit Monster’s breach will cause the company, which already has been struggling. A month ago it announced layoffs of 15 percent of its work force. The stock is near 52-week lows and a key finance executive just departed.

To respond, Monster has said it would spend at least $80 million on upgrades to its site, which now include security changes. Among them: closer monitoring of the site and limits on the way its data can be accessed.

Patrick W. Manzo, Monster’s vice president for compliance and fraud prevention, said the company had already been exploring several of the steps.

“What this incident has brought sharply into focus is that this is an issue that needs to be addressed immediately and not something that you can look at with a phased approach,” Manzo said Friday.

Some of Monster’s newer practices may already be in place at rival online job boards. For instance, both CareerBuilder.com, which is owned by newspaper companies and Microsoft Corp., and Yahoo Inc.’s HotJobs say they limit the number of resumes that one user account can access over a given period. (That is of limited effect, however, if fraudsters corrupt multiple accounts, a common pattern.)

CareerBuilder spokeswoman Jenny Sullivan added that her site has software that monitors for excessive or otherwise unusual usage patterns. Last week, CareerBuilder began “scrubbing” Social Security numbers and other sensitive information out of postings left by job seekers, though Sullivan said that step was in the works even before Monster’s breach.

The unavoidable truth about computer security, though, is that such steps can slow but not stop online fraud. Gartner Inc. security analyst Avivah Litan advises job-seekers to use a separate e-mail account for career queries and publicly post only basic contact information, nothing more than what could be found in the phone book.

“Assume nothing’s safe,” she said.

On the Internet:

Monster.com’s security page for users:

http://help.monster.com/besafe

Intel Begins Work on $2.5 Billion Chip Plant in China

Sept. 8 (Bloomberg) — Intel Corp., the world’s largest semiconductor maker, began building its first computer-chip manufacturing plant in China, a $2.5 billion investment.

Intel Chairman Craig Barrett is hosting a ceremony today in Dalian, in northeastern China, on the site of what will become the company’s first chip factory in Asia. Intel already has plants for testing and assembling products in other parts of China, the world’s biggest market for chips.

Intel, which announced the project in March, aims to begin production at the plant by 2010. The factory will bring the Santa Clara, California-based company’s total investment in China to almost $4 billion, Barrett said. The plant will give Intel better access to computer factories in China, as the company seeks to regain sales lost to Advanced Micro Devices Inc.

Intel plans to employ 1,200 people at the Dalian plant in China, its first factory in a new location in 15 years. It will begin hiring this year, with most of the recruitment taking place in the second half of 2008 through China’s universities, said Vice President Kirby Jefferson, who heads the plant that is also known as Fab 68.

The plant will “be an integral part of our global manufacturing network, while bringing us closer to our customers and partners in China,” Barrett said.

The Dalian plant will make chipsets, the supporting semiconductors that link Intel’s main product, microprocessors, to the rest of the computer.

Intel also plans to donate 8-inch chip-manufacturing equipment to the Dalian municipal government and the Dalian University of Technology to help establish a 348 million yuan ($46 million) semiconductor technology institute, Barrett said.

It joins STMicroelectronics NV, Taiwan Semiconductor Manufacturing Co. and South Korea’s Hynix Semiconductor Inc. in building factories in China.

Site Manager

Company introduction: Our client is a leading global developer and owner of industrial real estate, focused on major hub and gateway distribution markets throughout North America, Europe and Asia. They invest in properties located predominantly in the infill submarkets of its targeted markets.
With their progressive expansion, they are looking for a Site Manager to join their SH office in China.

Job Description:
•Report To: Development Department Manager
Location:SH
1. Site construction management in quality, progress and cost control;
2. Site control for the building materials and workmanship;
3. Construction project reporting;
4. Management of consulting firms;
5. Coordination among the contractors, suppliers and consultants;
6. Site supervision and inspection on regular base;
7. Management of filing and documentation of the construction, as-built drawings and property operating manual;
8. Site control for health and safety concerns;

•Job Requirements:
1. Educational background at university level, majoring in civil, electrical and plumbing engineering;
2. Minimum five years work experience in site construction management;
3. Minimum 3 threes experience in construction management for industrial buildings;
4. Good command of PC skills;
5. Good inter person communication skills;
6. Hard working;
7. Willing to travel and work on changing locations;

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_re004sh#dacare.com'(Please replace “#” with “@”)

M&E Engineer

Company introduction: Our client is a leading global developer and owner of industrial real estate, focused on major hub and gateway distribution markets throughout North America, Europe and Asia. They invest in properties located predominantly in the infill submarkets of its targeted markets.
With their progressive expansion, they are looking for an M&E Engineer to join their SH office in China.

Job Description:
•Report To: Development Department Manager
Location: SH
1. Design management for M&E works;
2. Site supervision and inspection for M&E works for AMB construction projects;
3. Assisting M&E Manager in pre-acquisition due diligence and M&E installation construction management;
4. Assisting in operations/maintenance manual of completed projects;
5. Sourcing building materials and equipment for AMB projects;
6. Coordinating with Asset Department for maintenance;

•Job Requirements:
1. University education background (with the Bachelor of Engineering), majoring in electrical, mechanic or HVAC engineering;
2. Minimum 3 year experience in the relevant field;
3. Knowledgeable in M&E works quality and cost control;
4. Good inter person communication skills;

* Please send us your complete resume (both in Chinese and in English) to:
‘topjob_eng069sh#dacare.com'(Please replace “#” with “@”)