Archives 2008

Foreign trade surges at Shanghai port

Imports and exports continued to surge at Shanghai port, with the volume totaling 245.5 billion U.S. dollars in the first five months of 2008.

Shanghai Customs statistics showed the trade volume was 26.6 percent up year on year, 7.4 percentage points higher than that of same period of last year.

With this volume, Shanghai port did about one-quarter of the country’s foreign trade, said a source.

In a breakdown, exports totaled 155.73 billion U.S. dollars, up 28.2 percent, and imports made up 89.77 billion U.S. dollars, up 23.9 percent, of which, imports under general trade accounted for 35.2 billion U.S. dollars, up 28.2 percent from a year ago but 3.2 percentage points faster.

Foreign trade peaked in May at Shanghai port to hit 51.86 billion U.S. dollars, up 35.6 percent from the same month a year ago.

The lion’s share of the foreign trade at Shanghai port was done by overseas financed ventures, followed by state-owned companies and private Chinese businesses.

The European Union (EU) remained the port’s top trading partner, followed by the United States, Japan, Association of Southeast Asian Nations (ASEAN) and Africa.

China Mobile’s upgrade bid

BEIJING, June 18 — China Mobile has invested heavily in upgrading networks to consolidate its leading position in both 2G and 3G eras, Shanghai Daily learned yesterday.

The world’s biggest mobile carriers by subscribers has signed two IT companies to upgrade the networks, including its trial 3G network, during Chinese Vice Premier Wang Qishan’s visit to the United States for the economic summit.

Alcatel-Lucent, the world’s biggest telecom equipment maker, said it had signed a 1 billion U.S. dollars framework agreement for 2008 with China Mobile to provide mobile communication equipment and services.

The agreement was secured through Alcatel-Lucent’s flagship company in China, Alcatel Shanghai Bell.

“We are delighted to be selected to continue providing solutions and services to China Mobile. China Mobile is one of our company’s main strategic cooperation partners,” Olivia Qiu, Alcatel Shanghai Bell’s president, said.

The agreement signing ceremony was witnessed by Wang in Washington.

Under the frame agreement, Alcatel-Lucent will provide China Mobile with mobile core and wireless network solutions, TD-SCDMA equipment, applications, transmission and IP router equipment and the related services.

Meanwhile, Sun Microsystems Inc also announced a framework agreement with China Mobile on IT products and services projects in 2008. Sun will provide China Mobile with IT products and relevant services at an estimated price of some 34.8 million dollars.

Hong Kong’s Unemployment Rate Holds at Decade Low

Hong Kong’s jobless rate stayed at the lowest level in a decade, helping domestic consumption to sustain economic growth as the export outlook dims.

The seasonally adjusted unemployment rate for the three months ended May 31 was unchanged at 3.3 percent, the government said today on its Web site. That matched the median estimate of 14 economists surveyed by Bloomberg News.

“The strong labor market will continue to support the economy,” said Michael Dai, senior economist at Bank of China (Hong Kong) Ltd. “There have been big salary increases across the board and that’s encouraging consumption.”

Hong Kong’s economy grew 7.1 percent in the first quarter from a year earlier, the fastest pace in two years. The expansion for the year may slow to between 4 percent and 5 percent as export demand weakens, the government said last month.

World economic growth will probably slow to 2.7 percent in 2008 from 3.7 percent last year on rising food and energy prices and the subprime credit crisis, the World Bank said last week.

Hong Kong’s household spending rose 7.9 percent in the first quarter from a year earlier.

The labor market remained buoyant, Matthew Cheung, the Secretary for Labor and Welfare, said in today’s statement.

Increased competition for labor has pushed salaries higher and added to inflation in the city. Wages climbed 2.7 percent in December. Figures for March are due this month.

Price Increases

Producer prices jumped 5.8 percent in the first quarter from a year earlier, the most on record. Consumer prices rose 5.4 percent in April, more than double the 2 percent pace for all of 2007.

For the year starting in April, salaries for civil servants were raised by 6.3 percent for the upper pay group and by 5.29 percent for middle and lower pay groups.

Stock market declines and a faltering global economy may erode business and consumer confidence. The key Hang Seng Index has fallen 17 percent this year.

A survey this quarter of 807 employers in the city showed a decline in the proportion who said they expected to add workers in the following quarter. The drop was from 33 percent to 30 percent, U.S.-based recruitment company Manpower Inc. said.

Top Chinese online site to see transactions top 100 bln yuan in 2008

Taobao, Alibaba’s online consumer website, expects its transaction volume to surpass 100 billion yuan (14.4 billion U.S. dollars) in 2008, a 130 percent increase from the previous year, according to Liang Chunxiao, Alibaba’s vice president.

Speaking at a forum in Hangzhou, capital of east Zhejiang Province. Liang said with the rapid growth in China’s e-commerce market, Taobao’s customer base had soared in the first quarter, reaching 62 million from 53 million in 2007. Its transaction volume in the first three months hit 18.8 billion yuan, up 170 percent from the same period a year earlier.

“Taobao’s transaction volume has grown for four years and reached 43.3 billion yuan in 2007, an outcome that took supermarket retailers like Wal-Mart almost three decades.”

In total, 55 million domestic Internet users shopped online last year, spending 59.4 billion yuan, according to the Beijing-based China Internet Research Center.

Taobao is one of seven unlisted arms under the Hong Kong-listed Alibaba.com that was founded in 1999 by Jack Ma in Hangzhou. Its shares rose 122 percent on their trading debut in November.

Alibaba dominates the business-to-business segment in the country. Its consumer arms also include the online payment units Alipay and Yahoo China.

Taobao.com had maintained its leading position in the online shopping market last year and in the first quarter.

Growing consumer market attracts foreign investment

FOREIGN direct investment in China rose 37.94 percent in May from a year earlier to US$7.76 billion, the Ministry of Commerce said yesterday.

The growth decreased from the peak in January when FDI posted a 110-percent hike and compared with an increase of 54.97 percent in the first five months.

New foreign-funded firms fell 10.94 percent in May to 2,425, while the data through May dropped 20.95 percent from the previous year to 11,915.

“China is very cautious about the inflow of hot money, or speculative money, when the yuan has accelerated in appreciation. The slower pace of FDI and the cut in new foreign-funded firms indicated such concerns but also demonstrated investors’ focus on bigger and more capital-intensive projects,” said Li Maoyu, an analyst with Changjiang Securities Co.

The Chinese currency has appreciated about 5.3 percent so far this year against the dollar. The pace was much faster than the combined growth of 7 percent for the entire year of 2007.

But what can’t be denied is that China’s rapidly expanding consumer market also made the country an attractive destination for investment.

Robert Brown, chairman of Watson Wyatt Global Investment Committee, said China was fit for stable investment in the long term because of the dynamics and the established infrastructure here. Watson Wyatt provides investment consulting services to clients, including many institutional investors.

Meanwhile, the slower pace of FDI growth can help ease government concern over excess liquidity and lead to a less harsh macroeconomic control after consumer prices also eased in May, analysts said. The central bank ordered lenders to set aside more money as reserves last Saturday to curb liquidity and inflation.

The Consumer Price Index, the main gauge of inflation, eased to 7.7 percent in May from April’s 8.5 percent, the National Bureau of Statistics said yesterday.

Investment from United States companies increased 25.09 percent in May from a year earlier while spending from European Union countries gained 35.2 percent.

Last year, China’s FDI grew 13.6 percent to US$74.8 billion.

In the first five months this year, the figure jumped by 54.97 percent to US$42.8 billion.

China software industry ranks fourth globally, but still a long way to go

China’s annual output value topped 583.4 billion yuan (84.5 billion U.S. dollars) in 2007, becoming the world’s fourth largest software producer. There was still a long way for domestic software companies to go, officials said here on Thursday.

Lou Qinjian, Industry and Information Technology vice minister, said at the International Software China 2008 show that the Chinese software industry had started from scratch since the country began its reform and opening-up three decades ago. It had grown into a fundamental industry with strategic importance to the country.

The country’s share of the global software industry rose from 1.2 percent in 2000 to 8.7 percent in 2007, with an annual growth rate of more than 30 percent due to a favorable policy environment.

Cao Jianlin, Science and Technology vice minister, said the country should make an even bigger effort in innovation and personnel training to sustain the industry’s long-term healthy development.

The International Software China 2008 opened in Beijing on Thursday and runs through Saturday. Its focus is on industrial policy planning, industrial standards, software technologies and development, investment and financing and enterprise personnel recruiting.

Female business leaders discuss “secrets” to career success

“I never use the advantage, or we call it disadvantage, as a woman while at work with my male colleagues,” says Dong Mingzhu, President of China’s Gree Electric Appliances, the top-selling air-conditioning manufacturer in the world, at a Women CEO Forum of the Global Summit of Women 2008 in Hanoi, the capital of Vietnam on Saturday.

“I see no difference between women and men at work…I don’t ask for special treatment because I’m a woman. Gender is not important in business. What’s important is decisiveness, judgment, and action,” says the strong-minded lady, joined by hundreds of other female delegates, who packed the grand ballroom of the Melia Hotel in the downtown area of Hanoi.

The women from about 70 countries, many dressed up in exquisite and colorful traditional clothes, were discussing secrets to career success, and the different working performance between men and women.

Sophia Tong, General Manager of IBM in China’s Taiwan, considers loving, caring and considerateness as special gifts for women, which help them deal with things in a more gentle and easily-to-be-accepted way. She also believes women are good at multi-tasking, which enables them to handle different things properly at the same time.

However, she believes that women, especially Asian women, are not as bold as men, thus letting good chances to slip away from their fingers.

“You need to think big, and then take action,” she suggests.

Yasmin Mahmood, Managing Director for Microsoft Malaysia, describes women’s roles as “jogging plates in the air”, like Chinese acrobats, without one plate falling to the ground. “This amazing versatility enables women to move quickly from one style to another. It’s everyone’s, not just women’s responsibility to help women to transform.”

In order to become a successful woman in career, Sophia asks all women at the forum to “go global”, to gain multiple capabilities, and “most important of all, have a clear self-awareness, to know yourself well, to know what kind of person you are, and what you really want. ”

The six panelists, all of them leaders of their respective companies, agree that they are still working in a man-dominant working environment, and it’s very rare for a woman to climb to a top position.

Ann Sherry, CEO of Carnival Australia, says that in her company’s decades of history, only two women have managed to “climb” to the CEO position, including her.

Yukako Uchinaga, CEO of Berlitz International in Japan, says the top-ranking women in Japanese companies are still rare species, while the middle-level female managers are more and more commonly seen.

“Sometimes you’ll have to wait five, or ten years to move from the middle to the top, and many women stop trying during the process,” Yukako adds, “So my advice is: don’t give up!”

On personalities for a women to succeed in career life, Dong says she believes that passion and confidence are the two vital personalities in a woman’s career life. “Passion and confidence will make a woman love the job and be happy,” she says.

SW Tools (Simulators) it125sh

Job Title: SW Tools (Simulators)
Report To: Technical Manager
Location: __ Shanghai_
With operations in 50 countries and 68,000 employees, our client is a world leader in Mission-critical information systems for the Aerospace, Defense and Security markets with its global network of 20,000 high-level researchers.
Our client’s rich history goes back well over a century. Built slowly and with careful planning, the Group boasts remarkable cohesion and strength, and has often proven its ability to adapt its structures to prevailing conditions.
Leveraging a global presence and spanning the entire value chain, from prime contracting to equipment; our client plays a pivotal role in making the world a safer place. With the development in APAC, especially in China, they are looking for talents to join them.
Job Description:
1. Managing, maintaining and support of automatic control system for platform and libraries developed across multiple geographical sites
2. Performs scheduled and critical response software builds during development, integration test and system test
3. Maintain software baselines and user accounts in multiple version environments
4. Report build status
5. Update, create, and maintain automated build scripts and processes
6. Document Configuration Management procedures
7. Define and communicates branching and merging processes and timelines to the team.
8. Performs audits to verify compliance with standards and procedures.
9. Identify and recommend tools for improvement to process

Education Requirements:
1. Bachelor’s Degree (Software Engineering, Electrical and Computer Engineering, or Computer Science) or equivalent
2. 3+ years of Software Configuration Management experience
Required Skills:
1. Extensive experience with Configuration Management concepts and procedures including source code management, build and release management, administration and automation of builds, and generation of audits and metrics;
2. Hands-on experience in managing multiple projects requiring branching, labeling and release processes;
3. Has overview over the whole system VOBC, ATS, Vehicle, Wayside, PMI, and MAU.
4. Experience in the use of version control systems such as CVS;
5. Proven knowledge of best practices software development lifecycle;
6. Strong attention to detail;
7. Excellent verbal and written communication skills;
8. Experience working in a team environment;
9. Strong hands-on troubleshooting skills;
10. Fluent in English.

* Please send us your complete resume (both in Chinese and in English to: ‘topjob_it125sh@dacare.com'(Please replace “#” with “@”)
* In the email subject MUST you plus the position name ?in either En or Ch ?

SKF adds to investment in Dalian

SKF, the world’s leading bearing supplier, announced on Friday a new investment of 580 million yuan ($83 million) to the second phase of its Dalian factory in Northeast China’s Liaoning province.

With a 25,000 sq m facility added its current 80,000 sq m factory, completion of the second phase project in 2009 is expected to double manufacturing capacity.

The new factory is to support continued business growth in China and other parts of Asia, especially in the areas of renewable energy, metalworking, mining, construction and industrial transmission industries, according to Tom Johnstone, president and CEO of Sweden-based SKF group.

As a leading global supplier in the areas of bearings, seals, mechatronics, services and lubrication systems, SKF is represented in more than 130 countries and has 15,000 distributors worldwide.

The Dalian factory mainly manufactures large and medium size bearings. It was planned to go through three phases as it was launched in March 2005.

“Reviewing the past three years since the company’s establishment, the company’s business develops fast, stable and healthy,” said Sunny Chan, general manager of SKF (Dalian) Bearings and Precision Technologies Co Ltd.

The investment in the first phase of the Dalian factory was $20 million.

Johnstone said the group decided to accelerate the second step of the Dalian project because of “the strong demand of customers” and “strong performance of the facilities in Dalian”.

Earlier this year, SKF Dalian won the SKF group’s Excellence Award as well as the 2007 Dalian Preferred Employer Award.

Chinese companies face difficulties across border

Chinese investors in Vietnam are facing troubles amid the market turmoil in that country.

Many of them have had to convert their dong holdings into US dollars for fears of further depreciation. Some are facing labor unrest, with workers asking for pay rises to tackle the rising inflation. But most don’t intend to shut up shop and move out of the country as they have adopted a wait-and-see policy.

According to Yang Zhen, chairman of the Business Association of China in Vietnam, Chinese enterprises there are having problems getting loans. Raw material and labor costs have also been rising.

Yang’s opinion is echoed by Deng Xiaohua, a manager of Sichuan New Hope Group, the largest food company in China with an investment of 4.68 million U.S. dollars in Hanoi.

Deng said banks in Vietnam have been asking companies like his to pay a deposit as high as 90 to 110 percent since the crisis. Earlier, banks would happily allow them to do business using letters of credit. The company is thus facing capital flow problems.

Chinese enterprises have also been suffering income losses as the dong has been depreciating. “If you go to the bank and exchange dong to U.S. dollar today, you have to wait for your turn for 15 days because so many people want to do the same,” National Business Daily quoted a Chinese car parts seller in Vietnam as saying. “By the time the conversion is made, the dong will have depreciated even more.”

Vietnamese workers in some companies have also gone on strike demanding higher wages. Yang said the head of a plastic bag company from China was attacked during a strike and had to hide in a government hotel. Although the local government protects Chinese enterprises, small and medium-sized business will be affected if the strikes go on.

Yang said the large companies are less vulnerable to the market turmoil than the smaller ones. Most listed Chinese companies say their businesses have not been influenced much so far since the investment in Vietnam is small compared with the operation at home.

Zongshen Motorcycle Group, for instance, says the impact on it so far has been relatively small and the company plans to wait and see for a while before adjusting its policies.