In the past three decades, China has achieved unprecedented economic growth. Foreign companies, known in China as Wholly Foreign Owned Enterprises (WFOEs), have entered the country to capitalize on the economic growth opportunities. Many times however, foreign companies arrive in China only to struggle to retain its top China talent. They quickly realize that they cannot apply their Western retention programs in China, because the business environment in China is very unique. On the other hand, many state-owned enterprises (SOEs), which are private companies funded by the Chinese government, have been successful in attracting and retaining highly qualified Chinese workers by offering unique benefits tailored for the local market
TriVista’s team conducted an in-depth study, encompassing primary and secondary research, to shed light on what Chinese national employees value when looking for long-term employment. Continue reading “Strategies for WFOEs to Retain Valuable Chinese Talent” »Tags:
This fall, one of our partners, FactoryAudits.com exhibited at one of the largest trade shows in Asia, the Global Sources – China Sourcing Fair in Hong Kong.
FactoryAudits.com specializes in product inspections and Factory Audits to help customers ensure product quality, secure imports and save time and money.
FactoryAudits.com was proud to be one of nearly 7,500 exhibitors who spent the month of October networking with more than 62,000 buyers, a record amount of attendees for the Hong Kong show.
The fourteen shows were held concurrently at the Asia World-Expo in Hong Kong and attracted some of the world’s top companies – such as Best Buy, Samsung, Levi’s, Office Depot, Toys “R” Us and more.
If you are interested in learning more about their product inspection & factory auditing services please click here.
The federal municipality of Tianjin, China is located an hour and a half outside of Beijing, on the coast of the Bohai Bay. Its prime location has attracted many of the world’s top enterprises including Motorola, Toyota, Samsung, Nestle, and LG.
As the fourth largest port in mainland China, Tianjin is a regional hub for shipping and logistics industries, both of which are supported by its close proximity to the national capital, Beijing. Leading industries in Tianjin include mobile phone, aerospace, alternative energy, and automotive production.
In addition to Tianjin, Understand-China.com includes many detailed investment guides for the top manufacturing regions. Ready to Explore? Start Now! It’s Free!Tags:
1ChinaBlog is pleased to announce the new and improved Understand-China.com. Through extensive research, the website has been refreshed and updated to provides the most comprehensive and up-to-date information available for businesses and investors looking to do business in the China. Understand-China’s vast network now contains over 250 pages of information with additional features and has taken more than 300 hours and 6 weeks to update.
Understand-China continues to be the only one-stop-shop website providing concise and relevant information for companies looking to do business in China, invest in the Chinese marketplace, set up greenfield operations in one of China’s industrial regions, or understand the Chinese manufacturing industry. Updates include new data for the 24 top regions including statistics for each of their Foreign Direct Investments (FDI), Gross Domestic Products (GDP), Logistical Data, Real Estate information, Industrial Expenses, Labor Costs and various other categories of data. For several excellent examples of updated data, please view the provincial profiles of Beijing, Shanghai, Shenzhen, Tianjin, Hong Kong. Understand-China also includes twenty other provinces, special economic zones and Chinese special administrative regions.
Please let us know what you think of the update!Tags: china guides, china investment, China manufacturing, understand-china.com.
On Thursday, June 30th, China announced the opening of the world’s longest cross-sea Bridge. The Jiaozhou Bay Bridge connects China’s Eastern port city of Qingdao with the island of Huangdao and is a mere 26 miles long. Bridges of this size don’t come cheap… even in China. The 110 foot-wide bridge required more than 5,000 support pillars and cost upwards of USD $1.5 billion.
The Jiaozhou Bay Bridge took more than four years to build but is anticipated to cut travel time between the two cities in half. Approximately 30,000 cars will drive over this bridge each day.
Maybe they will even hold marathons across it one day… talk about a nice view.
Photo Courtesy of Associated PressTags: china economy, china growth, china infrastructure, china's longest bridge.
The United States is not the only country with water issues. A harsh drought in Central China along the Yangtze River region has left maybe people and fields thirsty. The Hubei Province currently has almost 1,400 reservoirs that are temporarily unusable from the low supply of water available. Certain areas along the river are coming close to record lows. A five month drought in China doesn’t only affect the land. Droughts have a negative domino effect not only on the people, but on trade routes, livestock and crops. In today’s global marketplace, it is likely that world prices for commodities could rise as shipping becomes more time consuming and agriculture production is hindered.
Conditions have gotten so bad, that the Three Gorges Dam was called up to make its second emergency discharge in order to ease the drought. The Three Gorges Dam is the single largest hydroelectric project in the world and released 400 million cubic meters of water during early May. This large discharge is meant to help ease shipments traveling along the Yangstze and ease concerns for the people of the nearby cities.
Reports have shown that last week, more than 300,000 people and 90,000 livestock in Hubei were short on drinking water. Farmland was not spared either, with more than 2 million acres that have been affected by this season’s droughts. The drought has also affected nearly the nearby province of Hunan has at least 300,000.
Hopefully some much need rain will show up in the upcoming weeks.
As of Saturday, the drought had left 315,000 people and 97,300 livestock in the Hubei short of drinking water, and more than two million acres of farmland had been affected, Xinhua reported. In neighboring Henan Province, the drought had affected at least 320,000 people.china drought, china drought 2011, china rain, china water, effects of china drought, hubei drought, hunan drought, three gorges dam.
China was the world largest consumer and importer of Bordeaux wine in 2010. That is astonishing to me, considering that French-style red wine has only recently began to draw a significant following amongst Chinese consumers.
According to the Bordeaux Wine Council, China imported 33.5 million bottles of Bordeaux wine last year. That is $475 million USD worth of French wine tingling the palates of Chinese wine lovers. China in fact, has become much more of a wine-oh country in the last six or seven years. They now import over $1 Billion USD worth of wine, which is more than four times the amount imported in 2004.
If you have your own label, (I wish I did) I would highly consider formulating a market entry strategy to break into what could quite possibly be the world’s largest wine market very soon.
China is also in the midst of a large wine expo, called the “2011 Wine China Exhibition” located in both Beijing and Shanghai. The events began on April 17th and will continue through April 20th, ending in Shanghai. Wine from all over the world will be celebrated, tasted and enjoyed. If you are interested in learning more, here is the exhibition’s site. I definitely plan on attending one of these years.china french wine, china imports, china wine, china wine consumption, China wine imports, china wine market, selling to china.
Have you finished planning your trip to this year’s Spring Canton Fair yet? The world’s largest international trade show is almost underway. As always, the Import and Export Fair will be held in Guangzhou, the center of China’s trade region China Import and Export Complex. The fair features over 50,000 exhibits spans over two weeks.
Phase I is set to begin this Friday and lasts through Tuesday, April 19th. Products to on exhibition during Phase I are the following:
Phases II and III will be on the following schedules:
Phase 2: April 23-27, 2011 | 9:30-18:00
* Consumer Goods
* Home Decorations
Phase 3: May 1-5, 2011 | 9:30-18:00
* Textiles & Garments
* Office Supplies, Cases & Bags, and Recreation Products
* Medicines, Medical Devices and Health Products
* Food & Native Produce
* International Pavilion
Additionally, the China International Furniture Fair (CIFF) will be held in conjunction with Phase I and Phase II. Everything from modern home furniture to office and laboratory furniture will be available. Home Furniture will be on display from March 18 to the 21st and office furniture will be available from March 27 to March 30th.
If you haven’t signed up yet, don’t worry there is still time. You need to apply for an “invitation” through the Fair’s website here. Admission is free, but registration typically takes about a week to get your confirmation. Once you receive confirmation, print out the information and take it with you along with a photo ID and a passport photo (or you may take one there).
Spring Canton Fair Location: No. 380, Yuejiang Zhong Road, Guangzhou, China.
Other Canton Fair Posts:
Please do not hesitate to post any questions, comments or advice for future fair adventurers below.Tags: Canton Fair, canton fair dates, canton fair details, China Canton Fair, China Import and Export Fair, Spring canton fair.
This post is for all you Disney lovers out there. Work on Shanghai’s soon-to-be Disneyland began today with a groundbreaking ceremony. The CEO of Walt Disney Co., Robert Iger and the Party Secretary of Shanghai, Yu Zhengsheng were there with shovels in hand. The newest Disneyland will be located in the Pudong New Area of Shanghai and is estimated to be completed within five years. Along with the theme park will be two hotels, and a multitude of stores and restaurants. The estimated cost is about $670 million (4.5 billion yuan).
All the characters were present at the ceremony, dressed in traditional Chinese garments. Can’t wait to check this one out!
Source: http://usa.chinadaily.com.cn/china/2011-04/08/content_12294387.htmTags: Shanghai Attractions, Shanghai Disneyland, Shanghai investment, Shanghai theme parks.
Despite fears that China’s efforts to decrease inflation would decrease economic growth, the production numbers still indicate a rise in China Manufacturing this March. March’s Purchasing Manager’s Index (PMI) rose from 52.2 in February, to 53.4 in March.
According to economists, China’s central bank will increase interest rates again this quarter to further curb inflation. Some argue that this will eventually hurt China’s overall economy in addition to slowing the growth, but only time can tell.
The manufacturing sector in the United States also grew this past March. It was the 20th consecutive month for manufacturing growth. In fact, it was also the 22nd consecutive month for overall economy growth as well. The PMI for March was 61.4 percent, which is down from February’s 61.4 percent, but any number above 50 indicates growth. The economy also grew by 3.1 percent during the last quarter of 2010.china economy, China manufacturing, china production, PMI, U.S. manufacturing, US manufacturing growth.