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Airbus to train Chinese maintenance technicians

Oct. 31 – China’s Civil Aviation University has signed an agreement with Airbus, the European aircraft maker, on a three-year program to train Chinese maintenance technicians.

The program will start next year and facilities will include a computer-equipped training classroom, a plane installation, and a data room to be completed by 2009, all supported by Airbus.

Airbus will provide training in plane structure, maintenance and repair, according to the memorandum signed here Monday.

The company will also select at least 30 maintenance trainers and send them to Europe for advanced training and technical knowledge after a year.

In the next five years, it was estimated that China would need at least 5,000 maintenance engineers for Airbus aircraft, said Pierre Steffen, vice president of Airbus China in charge of customer service.

“It is the market demand that facilitated this cooperation, forming our training strategy of related Airbus technologies for Chinese maintenance engineers,” he said.

He said the Civil Aviation University had a prestigious reputation in the aviation industry. The cooperation would also help Airbus China to recruit prospective graduates.

China signed a deal last week to buy 150 Airbus 320 planes. At the same time, Airbus signed agreements to open a final assembly line in China, its first outside Europe.

Airbus is displaying a scale model of the A380 super-jumbo jet at a major air show which opened Monday afternoon in Zhuhai, a coastal city in south China’s Guangdong Province.

Renewed focus of trade

The adjustment of customs duties that is to take effect tomorrow marks a significant change in the way China prioritizes its trade sector.

As a fast-developing economy, China has benefited tremendously from its export-led growth during most of the past quarter of a century. However, no longer will the country put trade growth before everything.

The Ministry of Finance recently announced that the country decided to impose temporary tariffs on 110 exported goods and cut tariffs on 58 imported products since the beginning of November.

Clearly, this move shows that the Chinese authorities now attach more importance to external trade balance and domestic industrial restructuring than merely double-digit trade growth.

On the one hand, the hike of export taxes and the cut in import duties will definitely put a drag on the country’s soaring trade surplus.

Along with China’s rise as a global manufacturing power in recent years, value-added processing trade fueled by an accelerated inflow of foreign direct investment has hugely inflated the country’s trade surplus.

In the first nine months of this year, the country’s imports and exports increased by nearly one-fourth to hit US$1.27 trillion, generating a trade surplus of US$109.85 billion. This three-quarter net export exceeded that record-high annual trade surplus of US$102 billion in 2005, which had already more than tripled the US$32 billion in the previous year.

Given intensifying trade tensions with major trade partners like the United States and the European Union, which suffer a huge trade deficit with China, it is fairly reasonable for the Chinese Government to rein in the rapid growth of the trade surplus.

Such efforts will both help reduce imbalances in global trade and ease pressure a soaring trade surplus and inflow of foreign investment exert on the country’s monetary policy. The Chinese central bank has been trying to squeeze the credit supply to cool down economic growth, but a ballooning foreign exchange reserve has kept pumping liquidity into the domestic market.

On the other hand, by controlling the export of goods, the production of which involves the mass consumption of energy and resources as well as heavy pollution, the Chinese Government is sending a clear-cut signal to domestic industries that they must bid farewell to the extensive growth pattern for now.

In the past, as long as the trade sector could serve as a growth engine by creating jobs and a trade surplus, local governments did not pay much attention to the environment and resource costs of extensive trade growth.

Nonetheless, as the country is shifting away from a growth strategy that stresses speed towards a new one that focuses on sustainability, the country’s trade pattern also needs to undergo a fundamental change.

A customs duty that discourages energy-and-resource-intensive export is a needed step to push domestic enterprises to raise their energy efficiency and environmental awareness.

China Daily

Company Introduction:
An European furniture Company, top in the industry (employee more than1300)

Responsibilities:
Assures, based on the indications received from the Direction Purchases on the suppliers from whose to provision and in relation to the programming of the production, the management of the programming orders and the advance store clerks for all the materials relatively to the origin Asia area, guaranteeing timeliness and punctuality in the deliveries of the materials from the suppliers to the productive plants.

On the supply of the requirements elaborates from the office supplying HQ:
1.In charge to forward to suppliers local China of the orders receipts from the other centres of the Group (Italy/Rumania/Brazil).
2.Verification acceptances orders and correspondence with the relative formal documentation (for shape, etc).
3.Guarantee thanks to a follow up continuous, the corrected advance of the order, second previewed how much from the issued orders.
4.Verify all the inherent aspects the opportune emitted document preparation for the export from the supplier and/or the shipping company. It supports the supplier in the operations of booking (ctr and/or you space airplane second) the instructions received during contractual definition. Give information to the issuing centre of the order of the happened shipment with relative accompaniment documents goods (invoice, B/L, packing list, certified origin, certificate quality, etc).
5.Assures the own participation to the program of qualification and supplying certification of the park, guaranteeing the respect of the standards qualitative you and quantitative to you defined in collaboration with the other actors of the team and according to the business procedures.

Requirements:
1.Bachelor degree or above
2.Good communication skill
3.3 years working experience or above
4.Working experience in logistic is preferred

* Please send us your complete resume (both in Chinese and in English) to: ‘topjob_mn109sh@dacare.com’

Buyer

Company Introduction:
An European furniture Company, top in the industry (employee more than1300)

Responsibilities:
1.Responsible for the purchase of the raw materials, relatively at the market Chinese, through the phases of market research, dealing, definition of the price and of the contractual conditions and monitoring of the delivery, predisposing the opportune ones reports for the control of balance-sheet.
2.Assures, online with the indications of his own Responsible, the realization of deepened market researches (finding technical information, trades, of performance, etc) to the aim to identify the suppliers, relatively to coming from materials from China (-a- item standard; – b- of new fabrication on the base of the demands advanced from R&D), in possession of requirement of quality and price online with the business requirements
3.Assures, on the base of the standards defined from the just Responsible one, the deepened analysis of the productive ability to the suppliers, is in qualitative terms and quantitative, to the aim to assign to every supplier perfectly realizable orders and to the smaller costs for the Group.
4.Support his own Responsible in the definition of the price of the acquired raw materials, preparing the comparisons of the useful offered ones for the final dealing, to the aim to obtain prices and quality of the favourable products in relation to the particular business requirements and the total strategy of the Company
5.Assures the statistics and predisposition reports finalizes you to the continuous monitoring of the costs supported for the supplies. It assures the own participation to the program of qualification and supplying certification of the suppliers park, guaranteeing the respect of the standards qualitative you and quantitative to you defined in collaboration with the other actors of the team and according to the business procedures. Verification the level of “ethical”of the supplier, in observance of the rules of Social Responsibility and Acclimatizes them. It second assures the subscription of supply contracts the directives received from the just responsible one.

Requirements:
1.Bachelor degree or above
2.Good command of Italian.
3.2 years working experience or above
4.Working experience in purchasing is preferred

* Please send us your complete resume (both in Chinese and in English) to: ‘topjob_mn108sh@dacare.com’

IBM, Lehman create 180-million-dollar fund for investments in China

BEIJING (AFP) – Computing giant IBM and investment bank Lehman Brothers, both of the United States, said they had tied up to create a 180-million-dollar fund earmarked for investments in China.

The China Investment Fund will target mid-stage to mature public and private companies across several industries, the companies said at a joint briefing in Beijing.

Christopher Manning, managing director of Lehman Brothers Private Equity, said the two companies had capabilities that were “highly complementary.”

The partnership, which marks the first cooperation between the two, will bring together 90 million dollars and three support staff from each side to manage the fund.

Beyond funding, IBM and Lehman will also provide management and technology support to the companies in which they invest.

Manning said that Lehman Brothers currently has an investment group focused on China’s real estate market, a sector excluded from the China Investment Fund’s scope.

China’s biggest air show set to open

ZHUHAI, China The world’s major aircraft makers gather this week for China’s biggest air show, looking to the booming Chinese market to drive sales in coming decades as their industry’s growth elsewhere slows.

Boeing, Airbus and companies from 18 other countries including Russia and Brazil are displaying aircraft, radar equipment and other technology at the five-day show, which opens Tuesday in this southern town near Hong Kong.

China is expected to be the fastest- growing market for commercial aircraft over the next two decades. Boeing said last week that it expected carriers to purchase 2,900 new planes worth $280 billion over that period.

Held every two years, the Zhuhai show is the premier showcase for competitors hoping to break into China’s aircraft market and for the fledging Chinese industry to attract customers.

China signed a deal last week to buy 150 Airbus A320 planes, in a boost for the European aircraft maker, which has suffered costly delays with the A380 superjumbo jet. At the same time, Airbus signed agreements to open a final-assembly line in China, its first outside Europe.

At the Zhuhai show, Airbus was displaying a scale model of the A380 but no full-size aircraft.

Other exhibitors include Embraer, a Brazilian maker of smaller regional jets, which in 2004 became the first foreign aircraft maker to open a factory in China. Dozens of companies from China’s state-run aerospace industry also are showcased at the exhibition.

Displays include a model cabin of an ARJ-21, which is meant to be China’s first contender in the market for mid-range jets. The plane, which reportedly is to seat 78 to 105 passengers, is made by China Aviation Industry, also known as AVIC I. The company has not said when it expects to bring its first models to market.

Russian manufacturers are showing off fighter jets and military cargo planes, reflecting China’s importance to Russian arms exporters. The United States and the European Union have barred arms sales to China since its 1989 crackdown on pro-democracy activists.

Russian aircraft on display in Zhuhai included supersonic Sukhoi fighters, but there was no indication Monday that Moscow would be showing its most advanced aircraft. Russian military planners are reportedly uneasy about selling their best technology to China.

ZHUHAI, China The world’s major aircraft makers gather this week for China’s biggest air show, looking to the booming Chinese market to drive sales in coming decades as their industry’s growth elsewhere slows.

Boeing, Airbus and companies from 18 other countries including Russia and Brazil are displaying aircraft, radar equipment and other technology at the five-day show, which opens Tuesday in this southern town near Hong Kong.

China is expected to be the fastest- growing market for commercial aircraft over the next two decades. Boeing said last week that it expected carriers to purchase 2,900 new planes worth $280 billion over that period.

Held every two years, the Zhuhai show is the premier showcase for competitors hoping to break into China’s aircraft market and for the fledging Chinese industry to attract customers.

China signed a deal last week to buy 150 Airbus A320 planes, in a boost for the European aircraft maker, which has suffered costly delays with the A380 superjumbo jet. At the same time, Airbus signed agreements to open a final-assembly line in China, its first outside Europe.

At the Zhuhai show, Airbus was displaying a scale model of the A380 but no full-size aircraft.

Other exhibitors include Embraer, a Brazilian maker of smaller regional jets, which in 2004 became the first foreign aircraft maker to open a factory in China. Dozens of companies from China’s state-run aerospace industry also are showcased at the exhibition.

Displays include a model cabin of an ARJ-21, which is meant to be China’s first contender in the market for mid-range jets. The plane, which reportedly is to seat 78 to 105 passengers, is made by China Aviation Industry, also known as AVIC I. The company has not said when it expects to bring its first models to market.

Russian manufacturers are showing off fighter jets and military cargo planes, reflecting China’s importance to Russian arms exporters. The United States and the European Union have barred arms sales to China since its 1989 crackdown on pro-democracy activists.

Russian aircraft on display in Zhuhai included supersonic Sukhoi fighters, but there was no indication Monday that Moscow would be showing its most advanced aircraft. Russian military planners are reportedly uneasy about selling their best technology to China.

ZHUHAI, China The world’s major aircraft makers gather this week for China’s biggest air show, looking to the booming Chinese market to drive sales in coming decades as their industry’s growth elsewhere slows.

Boeing, Airbus and companies from 18 other countries including Russia and Brazil are displaying aircraft, radar equipment and other technology at the five-day show, which opens Tuesday in this southern town near Hong Kong.

China is expected to be the fastest- growing market for commercial aircraft over the next two decades. Boeing said last week that it expected carriers to purchase 2,900 new planes worth $280 billion over that period.

Held every two years, the Zhuhai show is the premier showcase for competitors hoping to break into China’s aircraft market and for the fledging Chinese industry to attract customers.

China signed a deal last week to buy 150 Airbus A320 planes, in a boost for the European aircraft maker, which has suffered costly delays with the A380 superjumbo jet. At the same time, Airbus signed agreements to open a final-assembly line in China, its first outside Europe.

At the Zhuhai show, Airbus was displaying a scale model of the A380 but no full-size aircraft.

Other exhibitors include Embraer, a Brazilian maker of smaller regional jets, which in 2004 became the first foreign aircraft maker to open a factory in China. Dozens of companies from China’s state-run aerospace industry also are showcased at the exhibition.

Displays include a model cabin of an ARJ-21, which is meant to be China’s first contender in the market for mid-range jets. The plane, which reportedly is to seat 78 to 105 passengers, is made by China Aviation Industry, also known as AVIC I. The company has not said when it expects to bring its first models to market.

Russian manufacturers are showing off fighter jets and military cargo planes, reflecting China’s importance to Russian arms exporters. The United States and the European Union have barred arms sales to China since its 1989 crackdown on pro-democracy activists.

Russian aircraft on display in Zhuhai included supersonic Sukhoi fighters, but there was no indication Monday that Moscow would be showing its most advanced aircraft. Russian military planners are reportedly uneasy about selling their best technology to China.

ZHUHAI, China The world’s major aircraft makers gather this week for China’s biggest air show, looking to the booming Chinese market to drive sales in coming decades as their industry’s growth elsewhere slows.

Boeing, Airbus and companies from 18 other countries including Russia and Brazil are displaying aircraft, radar equipment and other technology at the five-day show, which opens Tuesday in this southern town near Hong Kong.

China is expected to be the fastest- growing market for commercial aircraft over the next two decades. Boeing said last week that it expected carriers to purchase 2,900 new planes worth $280 billion over that period.

Held every two years, the Zhuhai show is the premier showcase for competitors hoping to break into China’s aircraft market and for the fledging Chinese industry to attract customers.

China signed a deal last week to buy 150 Airbus A320 planes, in a boost for the European aircraft maker, which has suffered costly delays with the A380 superjumbo jet. At the same time, Airbus signed agreements to open a final-assembly line in China, its first outside Europe.

At the Zhuhai show, Airbus was displaying a scale model of the A380 but no full-size aircraft.

Other exhibitors include Embraer, a Brazilian maker of smaller regional jets, which in 2004 became the first foreign aircraft maker to open a factory in China. Dozens of companies from China’s state-run aerospace industry also are showcased at the exhibition.

Displays include a model cabin of an ARJ-21, which is meant to be China’s first contender in the market for mid-range jets. The plane, which reportedly is to seat 78 to 105 passengers, is made by China Aviation Industry, also known as AVIC I. The company has not said when it expects to bring its first models to market.

Russian manufacturers are showing off fighter jets and military cargo planes, reflecting China’s importance to Russian arms exporters. The United States and the European Union have barred arms sales to China since its 1989 crackdown on pro-democracy activists.

Russian aircraft on display in Zhuhai included supersonic Sukhoi fighters, but there was no indication Monday that Moscow would be showing its most advanced aircraft. Russian military planners are reportedly uneasy about selling their best technology to China.

Quality Control & New Italy Development

Company Introduction:
A Top European furniture Company, top in the industry (employee more than1300)

Scope of the Position:
It supplies to the qualitative control of the materials and semi finished of the own competence, assuring to the supplier necessary formative support to the aim to guarantee the respect of the qualitative standards previously defined you from the Plan. Search collaborates moreover with Search & Development Dep. in the development of new members uses you in the pre-series activities.

Responsibilities:
1.It is in charge of the qualitative control of the products ordered and their correspondence to the must of qualification. It guarantees the control quality, second the qualitative methods of sampling previewed to you from the procedures of the Group, during it is already made of production of the same order so as to be able to evidence from endured eventual qualitative problems you and therefore consequently to verify that the supplier contributions the opportune modifications to the process and/or the products, without that this compromise the delivery of the order in the previewed times.
2.It assures the good final state of the supply, before the shipment, and the correspondence of the auto-certification quality produced from the supplier and the state of the goods.
3.Support the pre-chosen supplier in the development of the new ones items like from demands for R&D. Detention remaining the final qualification of the product from part of R&D corporate, carries out all locally the activity of putting to point with the supplier (in collaboration with R&D), the objective to reduce lessened the shipment of ¡°partial¡± champions in Italy and therefore the reduction of the times legacies to the process of approval of the new items and their successive introduction in production.
4.It assures the own participation to the program of qualification and supplying certification of the park, guaranteeing the respect of the standards qualitative you and quantitative to you defined in collaboration with the other actors of the team and second the business procedures.

Requirements:
1.Bachelor degree prefers.
2.Self-motivated and result oriented.
3.Strong skills with ability to guarantees the control quality
4.Sound communication and interpersonal skills.
5.5+ years interrelated working experience
6.English language skills.
7.High ethical and track able integrity.

* Please send us your complete resume (both in Chinese and in English) to: ‘topjob_eo064sh@dacare.com’

Local Division Manager ¡ª semiconductor equipment sales

Company:
A Top Global Semiconductor Company

Superior authority:
1.Functional reporting to divisional global sales leader
2.Dotted Line Reporting to Sr. VP, Regional Executive Asia, National Executive China

Main tasks:
Responsible for the development of sales of Semiconductor products to some designated key accounts or products. Responsible for all sales support services. Develops and implements sales strategy for the company’s Semiconductor.
Define sales plans, marketing plans and negotiates with customers key executives. Will make significant contribution to company’s sales revenue.

Key Responsibilities
1.Be responsible for local Division Sales & Service
2.Be responsible for local Division P&L
3.Develop and Implement the company’s Semiconductor Strategy
4.Be responsible for customer acquisition, customer relation and customer satisfaction.
5.Collect market intelligence
6.Be responsible for employee development
7.Act as leader of the company’s semiconductor to ensure smooth operation of all sales and service related issues
8.Co-operate closely with all of the company’s semiconductor
9.Responsible for management regular report and regional sales forecasting
10.Collaborate with the project management in customer projects
11.Be responsible for regional press releases

Qualifications:
1.Master degree, major in technical fields, further education in economic or MBA
2.Min. 10 years solid sales experience in a multinational company
3.Experience or knowledge in Wafer Processing Technology / Industry
4.Leadership capabilities (proven track record)
5.Good sales and customer support skills
6.Excellent interpersonal and communication skills

* Please send us your complete resume (both in Chinese and in English) to: ‘topjob_hr063sh@dacare.com’

Operational design components, program metrics, and how onboarding differs from orientation

This checklist continues last week’s article about comparing your onboarding program against the design components of a “world-class” onboarding program.

Part 3: Operational Design Components
The last level of components for world-class onboarding programs is still important, even though they are more operational in nature. They include the following:

A written and integrated plan. World-class onboarding programs have a short written plan that is integrated with the overall business plan, the HR plan, and the recruiting plan. In addition, hiring managers and those impacted by the onboarding program should be involved upfront in the program design and planning process.

A compelling business case. The program design must include the development of a compelling business case that convinces the chief financial officer, as well as line managers, that the onboarding program will directly improve their individual business results.

Prioritized jobs. Because there is never enough budget, world-class onboarding programs prioritize and focus their talent, time, and resources toward onboarding individuals in mission-critical jobs, critical business units, and in jobs with a significant revenue impact.

Continuous improvement and testing of system effectiveness. The onboarding program should have a formal process for continuously assessing and improving its processes and output results by assessing each onboarding success and failure and then feeding back the information to process managers. In addition, World-class onboarding programs periodically use “mystery shoppers” to identify system problems.

Ownership by management. The onboarding program design should make it clear that onboarding problems and processes are owned by hiring managers. Managers must realize that they suffer the most when poor onboarding takes place.
Individual accountability. Responsible individuals must also be rewarded or punished based primarily on program performance.

Best practice sharing. The onboarding program must have a formal design component for the rapid identification, sharing between business units, and the adoption of best practices related to onboarding.

Risk-taking for improvement. The onboarding program must have design features that encourage periodic experimentation, pilot tests, split samples, and reasonable risk-taking, as long as rapid learning occurs after a failure.

Data-based decision-making. Major onboarding program design and resource decisions must be made based primarily on data, rather than just on emotion or historical practice.

Uses the latest technology. The onboarding process should be paperless and offer additional information on an exclusive onboarding website.
External recognition. Although world-class programs maintain their competitive advantage by keeping their critical design components relatively secret, world-class onboarding programs eventually do receive some external recognition. This includes winning ERE Recruiting Excellence Awards or Optimas awards; being highlighted in major HR, recruiting, and general business publications; being included in benchmark studies; and/or being featured in academic case studies.

The program avoids common onboarding program killers. Some examples that keep your program from reaching world-class status or may cause it to fail:

Letting the program be run 100% by the benefits function, which almost guarantees “death by form” (i.e., boredom and loss of enthusiasm as a result of filling out forms all day).
Over-reliance on videotapes and slideshows, with little time for interaction.
Not having a “local component” of onboarding at the departmental level in addition to the corporate component.
Failing to make effective onboarding as part of a manager’s performance appraisal and bonus process.
Failing to reward the onboarding program manager and the manager of each independent HR and non-HR component of the process, based on program performance.

Reserves set to surpass US$1 trillion

Oct. 30 – China’s foreign exchange reserves look set to hit the US$1 trillion mark at the end of this month or beginning of November. But as the figure rises, so does the debate over how to best manage it.

The reserves, already the world’s biggest, surged to US$987.9 billion at the end of September, largely driven by a burgeoning foreign trade surplus and massive inflow of foreign direct investment (FDI).

In the first nine months of the year FDI stood at US$42.59 billion, although this was a 1.52 per cent drop year-on-year.

Reserves grew on average US$18.8 billion each month from January to September, statistics from the central bank show.

“How to manage such a huge reserve is a big challenge,” said Yi Xianrong, a research fellow at the Institute of Finance Research under the Chinese Academy of Social Science.

“The crux of the problem is that you have to keep the value stable or increasing,” Yi said.

The ballooning foreign reserves, many economist say, is a major reason behind the loose money supply. This is because the central bank has to issue additional money to mop up the excess US dollars in the market, resulting in excessive liquidity in the banking system.

And the fluctuating foreign exchange rate also poses a huge risk, economists say.

In a bid to minimize such risks, the central bank should diversify its existing US dollar-dominated foreign reserves structure, and increase its holdings of euros or other major international currencies, said Li Yongsen, a finance professor at Renmin University of China.

The central bank, he said, could also buy more state bonds issued by other major economies and decrease holdings of US Treasury bills.

“It’s better to spread the risks, and not put all your eggs in one basket,” Li said.

The professor also suggested that the country might consider using the huge foreign reserves to purchase some strategic resource reserves such as oil.

But such a plan should proceed with caution, both Li and Yi warned, citing the huge risks involved due to changing resource prices.

In the short term, increasing imports is an effective way to decelerate foreign reserves, economists said. This would also reduce trade frictions with some countries that have a high trade deficit with China.

Economists also said the country should further relax controls on capital outflow, in order to create a better balance of international payments.

In a bid to ease foreign reserves and broaden investment channels, China has introduced a QDII (Qualified Domestic Institutional Investors) scheme, allowing them to invest overseas.

By October 10, the foreign exchange regulator had granted quotas worth US$11.6 billion to QDIIs.

“This is the right approach for creating a two-way capital corridor,” said Yi. “We used to put too much emphasis on attracting foreign investment and feared capital outflow.”

China is also shifting from a long-held policy of stockpiling foreign reserves in State coffers, and instead encouraging households and businesses to hold more foreign currency.

Individuals, for example, are now allowed to buy up to US$20,000 in foreign exchange a year, up from the previous US$8,000.

Previously, China invested some foreign exchange reserves in banks.

Central Huijin Investment Company, an investment arm of the central bank, injected a total of US$45 billion in foreign exchange reserves into China Construction Bank and Bank of China in 2003.

It poured another US$15 billion into the Industrial and Commercial Bank of China in 2005.