Category Working in China

Shanghai creates 443,000 new jobs in first half

SHANGHAI has created 443,000 new jobs by the end of June this year, fulfilling 88.6 percent of the city’s yearly target of 500,000 positions.

More than 20,000 people so far have found jobs through a Full Employment Community program in 23 neighborhoods in Pudong New Area this year, the Shanghai Labor and Social Security Bureau announced yesterday.

The program, the first of its kind in Shanghai, grants that at least one person in each household is employed. Meanwhile, those between the ages of 40 and 50, who usually find it hard to get jobs, have been offered training programs, job opportunities as well as applications for insurance and subsidies, Jiefang Daily reported today.

The bureau launched a work loan policy in April to encourage self employment, a way to relieve unemployment pressure.

The bureau said it would offer loan guarantees of up to 500,000 yuan (US$66,050) to people starting their own businesses. The loan would be interest-free if paid back in time, the report said.

In the city’s suburbs, more than 5,000 newly-established labor organizations have created 15,000 jobs in the first half of this year, the report said.

The bureau also set up an employment promotion coalition with companies. The eyeglasses and watch repairer Sanlian Group is among the participants aiming to provide more jobs and intern opportunities for unemployed youth.

More than 14,000 young people, mostly vocational graduates, have registered to take internships with these companies, an increase of 162 percent from last year. Sixty percent of these people were hired after internships, the report said.

The government said in March that it planned to keep the registered unemployment rate below 4.5 percent this year,

But the employment situation looks grim as more than 143,000 students will graduate from colleges and universities in the city this year, an 11 percent increase from last year, which should add to job market pressure.

Talent shortage linked to benefit cuts

A SHORTAGE of professionals has led to a decrease in the number of multinational companies offering benefits such as flexible work hours, sabbatical leave and gym memberships to their employees this year, according to a recent survey.

Companies in China offer the second lowest number of benefits in Asia, leading only Japan, according to the report by Hudson Recruitment, a Nasdaq-listed human resources company.

Hudson surveyed about 2,500 multinational company executives in Asia about their hiring expectations during the third quarter this year. Altogether 673 of the respondents are based on the Chinese mainland, mostly in Shanghai.

Among all sectors, 44 percent of respondents said that their companies have a work-life balance policy, which is designed to enable staff to balance the demands of their job and personal life.

The figure fell slightly from 47 percent when the same question was asked in the second quarter of 2005 for the previous survey, the report said.

Companies in the information technology sector are the most likely to offer work-life benefits, with more than 51 percent of those companies having such policies.

The sharpest decline was reported in the banking sector, where the percentage of benefit-offering companies dropped from 56 percent to 40 percent.

Angie Eagan, general manager of Hudson China, said that decline was the result of heavy recruiting by banks.

“Most employers do understand the importance of work-life balance, but they just cannot afford the luxury to be flexible with people due to a shortage of talents,” Eagan said.

She added that benefits are easily applied in fully staffed companies. Many companies are struggling to find enough trained workers, however, making it difficult to offer such benefits.

The report indicated that employment expectations remain high on the mainland. Sixty percent of respondents plan to increase headcount in the third quarter of this year, the highest level in Asia.

Entrepreneur helps Business People Work w Chinese

Entrepreneur helps Business People Work with Chinese
16 July 07

Doing business in China can be a tricky experience for those with little or no understanding of the language and culture. Languagebite.com, a new Kiwi website, has created a Chinese language course for busy executives that is fun, engaging and takes only three minutes a day.

In what could be a world first, Joanna Lee, the entrepreneur behind the venture, is combining the convenience of online video with a powerful language learning technique. The result is a simple yet highly effective way of learning key phrases and useful information in easily digestible ¡®bites¡¯. Because each lesson is only a few minutes long, retention of the information is very high ¨C even for people who are incredibly busy. Links to the video lessons arrive daily in your inbox and are expertly designed to teach one full phrase each day.

Helping westerners to build rapport with their Chinese business partners is one of the goals of the program. ¡°We teach useful, simple phrases which will show your Chinese clients and suppliers that you have made an effort to learn some language and a little about the culture¡±. The course covers common phrases for everyday interactions including greetings, introductions, eating out, traveling and talking about family. You will even learn how to ask your taxi driver to slow down, which those who have already been to China will know can be an extremely useful phrase!

The lessons are presented by Ming Jin, a lecturer from a Beijing university. Jin happened to be in New Zealand as a research fellow with Auckland University at the time Language Bite was recruiting for the right person to front the program. ¡°Ming is a gifted presenter ¨C she makes a difficult language easy to follow¡±.

Lee, a linguistics specialist, says that Language Bite¡¯s edge over established international competitors is that it is ¡°devastatingly simple¡± – a link to a new online video lesson is emailed directly to your inbox each day. ¡°Language Bite is designed for busy people. You can learn a new language in your own time, at your own place and it only takes a few minutes each day.¡± The video clips are supported by downloadable sound bites (to store on a computer or MP3 player for practicing anytime and anywhere) and written PDF lesson summaries can be downloaded and stored for future reference.

Language Bite have launched with Mandarin Chinese however Lee has plans to introduce other languages in the near future. ¡°Feedback about the concept has been overwhelmingly positive ¨C people love the simplicity and accessibility of the method¡±. The inspiration for Language Bite came from marrying Lee¡¯s passion for languages and teaching with husband Steve¡¯s interest in e-commerce. ¡°We have developed an extremely powerful way to learn a new language. And we look forward to teaching languages in a fun, user-friendly way to New Zealanders ¨C and the world!¡±

How to find a job in China (FAQ, information & tips)

How to find a job in China (FAQ, information & tips)

USEFUL WEB SITE SERVICES FOR CHINA JOB SEEKERS:

To get a quick and easy list of China job postings, although limited, look at the following. Also a good idea to keep these in your pocket so you have one ear on the street all the time:

Check out China Insight’s very own China job listing board, or list yourself on our China job seeker board.

Sign up with Asia Net, which posts jobs on its web site and delivers e-mail regularly with job postings. Will send e-mails specifically for jobs in Asia for people with Chinese, Japanese, and Korean language skills. Most are techie jobs, but once in a while something interesting comes up.
Wang & Li has all the top spots for Greater China, and competitive market information.
Alliance – mainly jobs for PRC locals, but an on-the-ground, professional recruitment group with exclusively PRC job listings.
Global Villager/ CareerChina has a full array of China oriented information.
Surf for jobs in China.

OUR PERSONAL ADVICE ON THE JOB SEARCH:

In our four years in Beijing, we have seen many friends come to China and find jobs. Many we have helped, and frequently we are asked the same questions by those considering taking the leap in coming to China. Briefly and succinctly, below are our own views on: the various paths people have taken, the types of jobs they have found, and advice if you are looking for a China job. This advice is primarily for college graduates or 20 somethings just getting their feet on their ground. If you have an MBA from a top business school or can command a top job by virtue of your experience, much of the below probably may not pertain to you.

Send us info on changes in the job market so we can update this page

MOST FREQUENTLY ASKED QUESTIONS:

Can I find a job?
How much can I expect to earn?
How and where should I start my job search?
How should I prepare before I come?
What are key issues when coming?
What’s important in the job search?
What types of jobs are out there?
What are key elements of a package?
What’s your final advice?
Return to (a little) China Insight main page

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DETAILED INFORMATION:

CAN I FIND A JOB? Yes. You will need to be resourceful, a bit lucky (all jobs are like that), and you may have to bite the bullet by sleeping on the floor of many apartments and eating fang bian mian (instant noodles) for several months, but it can be done. The key is being persistent, patient and lucky. More important is that you first set your own goals and parameters: what field do you want to be in, what salary do you expect, how long can you live without a salary, what is your ultimate goal in coming to China, etc.?

HOW MUCH CAN I EARN? If money is most important to you, you had best look first for a China job in the States or from Hong Kong. Any company that sends you overseas will most likely give you a full package plus great benefits. The downside is that these jobs are harder to find, especially if you have limited relevant experience; it also generally means working/training in the States for 1-2 years before heading over, but not necessarily. Even if money is not important to you, before you leave the States you ought to do a heavy job search on that end. If you find a job in China (see details below on compensation levels), they will most likely pay you less, although you can live well and still save money on a decent salary. See details on compensation below.

HOW AND WHERE SHOULD I LOOK FOR A JOB? Many people come and then look for a job. It’s probably the true China person who chooses this riskier strategy. We do advise you to first look in the States, though, or in Hong Kong, before packing your bags. Hong Kong can be a prime job market, but unless you have a friend there, it is very expensive to stay and hang out. Who knows also? Maybe you get a good job in Hong Kong and they send you into Mainland China. Don’t come here without first trying your luck in the US and/or HK. First try the web sites we recommend above, mailing out lots of resumes and using any network(s) you may have.

HOW SHOULD I PREPARE BEFORE I COME/WHAT SHOULD I BE PREPARED FOR? Be flexible: prepare all sorts of resumes, with different slants. Be prepared to be patient and not find a job for several months. At the very minimum, before coming prepare at least one resume with the “teacher” slant, as this is a sure backup to make money.

Also, if you arrive without a job, be prepared to spend 3 months getting settled, brushing up on your Mandarin, making connections and finally landing a job. Hopefully you won’t need that long. Have at least enough money in your pocket to cover your expenses for this period. Figure about 1000 USD a month should cover you no problem, but that’s if you are resourceful. The big chunk of that is housing, so if you find a dorm or crash with a friend, you can live on less. Many of us can live on 200 USD a month, outside of housing, in fact. Eat cheaply, not much western food, don’t party a lot, take public transport or ride a bike, and live in a dorm, crash on someone’s floor, or find a cheap hotel. Be creative. Housing and visas will be your main concern (see below), and oftentimes it’s advisable to come first and study or work as a teacher, just to get your feet solidly on the ground and have housing and visa problems resolved right off the bat..

WHAT IS IMPORTANT IN THE JOB SEARCH? Get to know people: network, network and network. Send out resumes; reach as many people as possible. (But don’t bombard us with e-mail). Many people who come as students also intern at companies or for the US embassy commercial section, or U.S. companies. The internships in the commercial sections can often lead to good job offers. Unpaid, but you are working for your future right? If you work in a certain sector of the commercial section, you’ll be able to somewhat become an expert on it, and you can impress all those US companies in that sector who come through the embassy wanting to know about China. Latching on to a big multinational from the China side, save having incredible working experience or a top degree, is extremely difficult. However, local and many small western companies can offer interesting opportunities. Likwise, another advantage of coming on a study program first, particularly the better ones, is that they will help place you in an internship. This internship sometimes can turn into a job.

If you come to Beijing without a job, it is obviously better if you have some work experience or great Chinese. Best is both. You have an advantage if you can push one of these when job seeking. Take the position of the company you are interviewing with: why would they want to hire you? A Chinese person who is experienced and already knows the environment here earns probably 1/10 to 1/2 of the salary that you might command. Or a company could hire an experienced expat who knows their company and send them to China. Your chances improve if you have relevant US job industry experience or great Chinese. Gone are the days where good Chinese will get you by, or so I have been told. Many companies are also rethinking their China strategies and cutting back, and in the wake of the the rest of Asia’s economic woes, the next year or so may be a period of retrenchment. But maybe you are just lucky. Remember, for as many local expats who say it’s hard to find a job here, almost 90% of them, when asked how they found their job in China (and most got their foot in the door with little work experience behind them), will say, “Oh, I just got lucky.”

WHAT ARE THE KEY ISSUES TO CONSIDER WHEN I GET OFF THE PLANE? Your immediate problems will be your visa and housing. Come to China on a tourist visa and you will most likely have to leave to change it’s status or to extend the visa eventually, which may mean taking an expensive trip to Hong Kong. Because of the visa problem many people come and teach (resolves both visa and housing issues right off the bat) or come as a student (also resolves both issues). This allows you to get your feet on the ground and build up connections and language skills. If you come and then look for English teaching, they will seldom give you a visa. If you take the student/teaching path, you will usually have to be locked in for 6-12 months, but that’s alright. Not cool to skip out on a teaching job.

WHAT TYPE OF JOBS/OPTIONS ARE THERE?

Teaching English
Being a student
Interning in the U.S. embassy/a western company.
Translating services
Legal assistant
Journalism
Business
Odd jobs for local Chinese companies
Be creative – think outside the conventional job box
Start something on your own – be an entrepreneur

WHAT SHOULD A PACKAGE INCLUDE? There are several issues here to consider, which I elaborate on below: salary, housing allowance, healthcare, vacation/plane ticket, visa, taxes, other issues.

Your package will depend if you are hired as an expat from abroad or a local hire. Obviously if you are brought in from overseas, you can expect [spam word detected] and a full range of benefits. Salaries range in the industry, but if you are sent here, figure you will get $25-100K, hardship posting pay, standard bonuses, housing allowance of at least $1500-6000 a month, 3-5 weeks paid vacation, and round trip air ticket once a year (and perhaps more for R&R leave time), full US standard healthcare, evacuation insurance through AEA, SOS, or MEDEX, tax coverage, shipping fees covered; and all other reimbursable expenses and training that would accrue to you as an employee. Sometimes language lessons are paid for as well. If you are high enough up or the position requires it, you will get a car and/or driver, a mobile phone, or at least have travel to and from work reimbursed.

If you are hired locally, the story is drastically different, and you should have no illusions about landing the above. Your compensation of course varies on the company, your background, the industry, and your position. Nevertheless, here’s what you can expect, as an expatriate local hire:

SALARY: As a journalist or clipper, you might get $500-1500 a month and up; As a translator or legal assistant $15K – 30K; In business typical salaries are between $15-50K, but can be higher if you have experience in the industry or get lucky enough to latch on to a big company. As a teacher, you can earn $5-20 an hour, but work can be patchy. Remember that your salary is only as valuable as the rest of the package: housing allowance, tax coverage, health insurance, etc. can tilt the balance.

HOUSING ALLOWANCE: Housing in Beijing is the biggest ma fan (nuisance) for expats. Living in a _legal_ apartment can run $1200 at the cheapest, and up to $2000 for something reasonably located. Don’t expect much for housing allowance, but figure the cheapest “non-legal” apartments will run about $300-600 per month. Lots of local expats live in these apartments. Some expat packages don’t include housing; others will give you perhaps $1500 a month at most. Few local hire expat jobs will provide you an apartment – you’ll have to find one on your own. If you choose to live in local housing, you can save money, but you will always live with the fear of the gong an ju (PSB) knocking on your door. (Yes, I’ve been booted from my apartment more than once, but that is another topic – see separate section – seeking local housing). The good news amid all of this is that housing prices are coming down in Beijing; overdevelopment has changed the real estate scene from a seller to buyer’s market (though legal housing still ain’t cheap), and the government has gotten a little more lax with living in “local” housing.

HEALTHCARE: Ideally you should get a US healthcare package or evacuation service through SOS or AEA, the two biggest providers in Beijing. Figure the US healthcare package to be worth $200 per month in your salary. If you get evacuation insurance (your parents would want you to have this), it will run the company $300 per year, but doesn’t mean as much if you don’t have health coverage also. (A visit at Beijing United Family Hospital is around $80). In Beijing, aside from Beijing United Family Hospital, you might check out AEA and IMC for western healthcare. Cheaper but OK are the Sino-German Health clinic or the Hong Kong Medical Clinic. Otherwise, if you go to a Chinese hospital, you’ll pay less and still get decent treatment at Peking Union or The Sino-Japanese Hospital. There is a difference is the healthcare provision, though; I didn’t spend three years setting up Beijing United for no reason at all! For inquires about Beijing United plans, send them an e-mail

VACATION/PLANE TICKET: Standard for an expat who signs on for 1-3 years is 3-4 weeks of paid vacation, and one roundtrip ticket back to the States per year. But sometimes you won’t even get this.
VISA: Your company should handle this. If you are lucky, maybe they send you to Hong Kong every 3-6 months to get a new visa. This works out well (go buy some new clothes and get a needed rest from Beijing), and also helps you avoid taxes in China. Visas are a major tou teng (headache) if your company refuses to handle this for you. Insist on your company handling your visa and all related work permits.

TAXES: Big companies will handles your taxes for you (meaning what they quote you as your salary is after tax). Smaller ones probably will deduct taxes from your pay; others will not report it and leave it up to you. If everything is done in accordance to China and U.S. law, however, you can expect the following: Around 8% of your salary should be deducted for Social Security and FICA by your company (if it is a US company). If you earn less than $72,000 year (and if you don’t, I’ll trade jobs with you), you are totally exempt from US personal income taxes if you spend more than 330 days of the year outside the U.S. Just make sure you file (you get an automatic extension until June 1, by the way) the 1040 form as well as the 2555-EZ form available in the States or at the US embassy. If your company follows Chinese law (not all do), you pay a graded tax (meaning you pay x% on income from 0-3000 RMB/month; y% for the amount from 3000-5000 RMB/month; z% for the amount from 5000-7000 RMB/month, etc. – note figures not accurate). Whatever you earn, figure China taxes are less than your equivalent grade in the States. For example, if you earn 25,000, you might pay on average 20% income tax in the States (correct me if I’m wrong – I’ve never worked there!); in China, the level is closer to 13%. In short, if you are thoroughly confused: if you work in China, make a real salary, and follow all US and China laws, you pay less taxes than if you worked in the States for the same salary — but not THAT much lower. If you can find ways to get the company to cover taxes, all the better. If you don’t pay China taxes, the burden should be on your company.
Other issues: It’s always good to get perks on the job: e-mail, mobile phone, pager, computer, reimbursed rides to and from work. Standard bonuses are a month salary or less, or if you are in sales, commissions. Throw these jobs in to sweeten the deal. Standard raises vary from year to year, but are between 3-15%.

FINAL ADVICE: No matter what job you land and what compensation you get, know there will always be someone who earns more than you. The grass will always be greener on the other side, as they say. Pick a job that you are interested in, and offers you a chance to develop. If you want to know China and speak Chinese, pay attention to the company culture: will you speak Chinese? Who are the expats? What life do they lead? At the same time, remember that you have to negotiate your contract. Look out for yourself, as no one else will; that’s why we’ve written this and put it in public access cyberspace.

[Please keep in mind too this is written based on our experience, which is all in Beijing. We hear Shanghai is a good market, if not better than Beijing, and the terms may all be different. Also I haven’t updated this; if China’s rapid changes are any indication of change in the job market, maybe all this will be different tomorrow.]

FINALLY, will you be able to find a job? Of course. It may not be easy and it might not be what you like right off the bat, but there are jobs out there. Know what your goals are and also know how long you can stay without real employment (read: income). Worse comes to worse, you work on your Chinese and travel and witness first-hand the greatest economic and social revolution of all time. That’s not so bad, now is it? The longer you stay and dedicated you are, the better your chances become of finding something interesting (and interesting jobs there are). Also remember that once you work, and if the job is demanding, you won’t have time to bum around and see the craziness of Beijing/China. If you can’t find a good job, use the time to study Chinese — trust me, you’ll never regret it.

This page authored by: Michael Wenderoth[/b]

Here are a few links that will save you loads of time finding a job.

http://jobs.amcham-shanghai.org – Quality jobs from many fortune 500 companies. Mostly managerial and Director positions.
www.51job.com – Top Chinese Website: Milions of jobs and viewers, but you gotta get past the advertising first.
www.zhaopin.com – similar to above. 2nd in race.
www.chinahr.com – linked with Monster. Similar to 2 above.
www.thishanghai.com – good variety of jobs, not always best quality.
www.asiaexpat.com – Shanghai page has loads of jobs. Good amount of traffic also keeps jobs fresh.
www.shjob.cn – Shanghai version of 51 job. Recently with multi million Euro injection.
www.chinaonline.cn.com – good site in general, but not loads of postings.

All of the above are useful in finding work, the Chinese websites are more catered to Chinese obviously, even though they do have english version. The local community websites, like Shanghai Expat, are good for general range of jobs and have good response to postings or requests. Chambers of Commerce are good to find quality jobs as their members have a majority of big companies, multinationals and such.
There are plenty of ways to find jobs in Shanghai and China, but websites are certainly a good start!

Migrant Workers to Enter China’s Legislature

China’s millions of rural migrant workers will have their own representatives seated in the national people’s congress if a draft resolution on lawmaker elections for next year’s National People’s Congress is approved by legislators at the ongoing 10th NPC annual session.

The draft resolution on deputy election for the 11th NPC has been submitted to lawmakers for deliberation, stipulating that provinces and municipalities with a large population of rural migrant workers should have an NPC deputy quota for them.

Sheng Huaren, vice chairman of the NPC Standing Committee, told about 3,000 legislators that China’s migrant labor population has become larger and is growing into one of the mainstays of the country’s work force. Sheng says they should have a number of lawmakers to represent their rights and interests.

The draft resolution also proposed an increase of lawmakers from farmers and industrial workers, saying that the NPC deputy numbers from these groups is dropping in recent years.

China has about 200 million migrant workers, of whom more than 120 million work in cities and the remainder work in villages. Official figures show 13 million farmers will become migrant workers each year if China reaches the urbanization target of 56%.

Top biz zone

PUDONG New Area was elected by locals as the most ideal place among 18 local districts and Chongming County for starting a business, according to a recent survey by the Shanghai Labor and Social Security Bureau.

More than 15 percent of the 23,000 respondents said that they would choose Pudong if they were to open a company in the city, followed by Nanhui, Huangpu and Xuhui districts.

‘Tis the season of new jobs

ALMOST 40 percent of office workers in China are planning to land a new job after the Spring Festival holiday, according to a key human resources survey.

ChinaHR.com, one of the leading Web-based headhunters in the country, asked more than 700 white-collar workers, mostly in Shanghai, in 15 different industries, via the Internet about their career plans for the Chinese Lunar New Year.

More than 37 percent of people surveyed said they had resigned from their previous job, and were planning to work for a new boss after the Spring Festival break.

Most of those planning to change jobs are ordinary to mid-level employees aged between 25 and 35. Only 2.6 percent of decision-makers plan to change jobs, according to the survey.

Terry Ouyang, director of ChinaHR’s human resources research center, said the high turnover rate reflected the conflict between young white-collar workers’ career-development demands and employers’ staff-retention targets.

“People aged between 25 and 35 are undergoing the highest career-progress pressure, especially in high-tech companies.” Ouyang said.

“A strong wish for achievement motivates them to change jobs if they see no development prospects in their present positions.”

The week-long Spring Festival holiday seems to motivate people to focus on careers and ponder their options, as nearly 21 percent of survey respondents listed “mapping out new year career plan” as their most important task during the break.

Michael Shen, a local sales manager, said the traditional concept of “new year embraces a new beginning” also pushed the decision-making along.

ChinaHR’s human resources analysts estimated that the large-scale job-changing peak will come in mid-March.

The survey also suggested that more than 41 percent of HR managers are taking measures to head off the effects of any impending staff losses.

Twenty-two percent of HR managers said they plan to recruit staff after the festival. Another 20 percent are offering additional training, or strengthening communication with their staff.

China: Overseas banks hunt for talent

OVERSEAS banks are competing heavily for talented workers in China’s mainland this year to exploit their ability to offer a full line of retail services.

Citigroup Inc will add another 1,000 employees to its China payroll in 2007, boosting its domestic staff to 4,000, the company said.

In a single week in January, Citigroup opened three new consumer outlets, in Beijing, Tianjin and Shenzhen, as it continued to expand its network in key Chinese cities.

The world’s biggest financial group now has 16 consumer operations and six corporate investment banking branches in the mainland.

“Given the importance, size and scale of China, Citigroup is taking a comprehensive approach to our expansion in China, and organic growth remains a key priority,” Richard Stanley, chief executive officer of Citigroup China, said earlier.

The Bank of East Asia, whose net income rose to a record last year, will increase its mainland workforce by a quarter this year in a bid to boost profits from the market by more than 25 percent, Bloomberg News reported yesterday, citing Chairman David Li.

The Hong Kong-based bank, whose shares have doubled in the past year, will add at least 500 people in the mainland in 2007, Li said.

The Hongkong and Shanghai Banking Corp will employ another 1,000 people this year after hiring 1,000 additional workers last year.

The world’s big names in financial circles are deepening their roots in the mainland’s banking sector by establishing their own networks or teaming up with local counterparts as strategic investors.

They are vying for a slice of the country’s US$1.9 trillion in household savings.

China’s mainland allowed overseas banks to offer a full array of yuan services in December, a commitment required under its membership to the World Trade Organization.

A PricewaterhouseCoopers report in late 2005 forecast that overseas banks will employ more than 16,900 workers in the mainland by 2008, up from 6,654 at the time.

Job Fair for Foreigners, April 14,Beijing 2007

The Job Fair for foreigners, to be held in Beijing on April 14, 2007, is in its planning stage. This year¡¯s Job Fair was held in the Swissotel Beijing (HongKong Macau Center) and plans are underway to reserve the hotel again for next year¡¯s fair.

Chinajob.com, as the host of the first four job fairs, will continue to sponsor the fifth event especially for foreign teachers and professionals in April. More than 60 educational organizations and companies from all across China and several hundred foreign teachers and professionals are expected to attend the event. Job seekers and employers will be able to have direct talks with each other and the job offer packages of the employers will be ¡°on the table¡± for both employers and employees to study and discuss and even sign contracts. Of course, Chinajob.com will be available at the fair to answer questions about regulations and laws for foreigners in China.

The year 2007 will also find Chinajob.com recruiting for teachers to attend classes on ¡°2007 TEFL in China Certificate Training¡± in Shenzhen, Guangdong Province. Foreigners who are teachers in China and who are interested in teaching English are the primary students. Teachers with more than five years¡¯ teaching experience in China will be recruited for the job of instructing other foreign teachers on how to teach English in Chinese schools and universities.

The Chinajob.com Job Fair for Foreigners is the place for you if you are looking for a position or thinking about changing your career goals during your stay in China.

This Job Fair for Foreigners 2007 is supported by the State Administration of Foreign Experts Affairs.

Contact: Eric Liu

E-mail: jobfair@safea.gov.cn

Tel. 010-6846 8025 68948899 ext. 50246

Fax. 010-6846 8006

Multinationals can learn from Chinese companies

Multinational companies hoping to stay out front in China should start by understanding the workings of the nation’s economic growth engine.

Many Chinese companies have grown at such an astounding pace that observers have wondered how so much change is possible in so little time.

It is the “Chinese Miracle” all right, but its roots lie in Japan and South Korea.

The nation began its quantum economic leap by borrowing a three-phase strategy first used in Japan and South Korea: They established local manufacturing, often for low-cost sourcing to multinationals; they acquired know-how and technology through licensing and joint ventures; and they bought assets and brands abroad to secure global positions.

But unlike their regional counterparts, Chinese companies have mostly done away with sequencing, instead condensing three phases into one. It took Japanese and Korean firms on average 25 years to reach global leadership; Chinese companies will achieve this in 10 to 15 years.

Such a shortcut taken by Shanghai Automotive Co Ltd. Started in 1984 as a manufacturer of farm tractors, the company later built its auto manufacturing arm, borrowing innovation through government-negotiated agreements, including those with GM and VW.

It also purchased a stake in South Korea’s Ssangyong Motor to blunt challenges from regional rivals. And in 2000, the company bought two models from Britain’s Rover Group to sell under its own brand.

Last month the automaker announced it will acquire the joint-venture assets of its parent company, Shanghai Automotive Industry Corp. The $2.4 billion deal brings all of the company’s partnerships under a single umbrella, making it the largest publicly traded carmaker in China.

In addition to compressing their build, borrow and buy phases, companies like Shanghai Automotive move ahead by harnessing the innovation and energy common to most start-ups, combined with the centralized, coordinated planning of nationwide turnaround projects.

We call this the “start-around” approach, one which has helped key players in China quickly overcome weaknesses and adapt to market changes.

Another reason Chinese companies can advance so quicklyis that they typically start off targeting the low-cost, lower-quality segment, where the high volumes make up for small margins.

These volumes put companies on a fast learning curve, accelerating the growth process and preparing them for the rapidly growing middle market. It’s what we call the “good enough” market, the segment of acceptable quality goods at unbeatable prices, and it’s a breeding ground for global competitors.

For foreign multinationals, the way to get ahead in China’s fast lane is to take advantage of what these companies are missing in their race to secure a global presence. There are three important areas where Chinese companies get stalled.

The most significant is customer loyalty, in terms of both the end consumer and intermediate distributors. Chinese companies historically dealt with fewer distributors, relying instead on mega-retail channels. Customer insight takes time to develop, and global firms have many more years of experience to draw upon.

The battle for talent will also be critical, as firms seek out people with global experience. Multinationals are experienced in developing strong leadership, and will rely on their best-in-class programs for recruiting, developing and deploying management.

Then there’s innovation. Corporations today are unlikely to repeat this mistake. Constant innovation and compressed product cycles will characterize Chinese and multinational firms alike.

Not only development phases, but various industries and sectors will be integrated: One day soon, R&D will converge across cosmetics, pharmaceuticals and food industries.

Emulation will become progressively more difficult; Chinese companies may find themselves continually playing catch-up.

In the end, however, it’s important to remember that the race will be won by those who endure the longest. Here, China has another advantage: The centuries have taught its people to be patient. With their emphasis on quarterly earnings, today’s multinationals may have yet another lesson to learn from China’s companies: the idea of thinking forward in decades.

Steve Ellis is worldwide managing director of Bain & Co. Orit Gadiesh is Bain’s chairman and Paul DiPaola heads Bain’s Shanghai office.