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Society

Chinese professionals prefer domestic firms

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By David Cao
David Cao
11 June 2011
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Chinese professionals

With the growth of the national economy and the continuous development of Chinese enterprises, more middle- and high-level professionals in China now prefer to work for domestic companies rather than foreign-owned enterprises, human resources experts said.

"Multinational companies have long been in a favorable position in the recruiting market due to their liberal reward and advanced management culture," said Chen Jiewei, senior consulting manager with China International Intellectech Corporation (CIIC), a Shanghai-based HR services company.

"But over the past five years, Chinese companies have been doing excellently and many of them have been listed abroad. They have demonstrated their competitive strength," Chen told China Daily, "Now they can offer salaries and bonus plans that are competitive with foreign companies, which makes them increasingly attractive for high-level management professionals."

Read more: Chinese professionals prefer domestic firms

Guangzhou tightens migrants' permit checks

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By David Cao
David Cao
09 June 2011
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Authorities in Guangzhou moved to tighten their management of more than 7 million migrant workers who do not hold local hukou by launching an intense round of residence permit checks.

An official with the Guangzhou Migrant Population Administration said the drive is part of government efforts to gain better knowledge of the conditions of the city's migrant population so as to provide the appropriate social welfare, Guangzhou Daily reported.

The campaign coincides with a protest by migrant workers that was triggered by a labor dispute in Chaozhou, another city in Guangdong earlier this week, and comes amid stepped-up security measures as the province gears up for the Shenzhen Universiade in August. But authorities did not say the latest move came out of security concerns.

Those without permits will find it more difficult to rent a home or land a job and be fined 50 Chinese yuan ($7.72). Providing false personal information to the administration can incur a 500 yuan fine.

Read more: Guangzhou tightens migrants' permit checks

China Plays Mediator to Libya's Fighting Factions

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By David Cao
David Cao
09 June 2011
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Libyan opposition forces trying to oust Moammar Gadhafi from his four decades in power are heading to China to seek support. Foreign Ministry official Chen Xiaodong announced the visit at a briefing Thursday - just as an envoy from Libyan leader Moammar Gadhafi wrapped up a two-day visit during which he urged China to help secure a ceasefire. China also says Libya's future should be freely determined by its own people.

The envoy from the Libyan leader traveled to China, earlier this week, seeking help in securing a ceasefire between his battered government and the rebels. On Thursday, Chinese Foreign Ministry official Chen Xiaodong revealed a delegation from the Libyan opposition would also soon be in Beijing to seek Chinese backing.

Read more: China Plays Mediator to Libya's Fighting Factions

Uruguay, China sign deals worth over US$500m

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By David Cao
David Cao
09 June 2011
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China and Uruguay signed deals in finance, tourism, science and technology as well as contracts for local goods worth more than half a billion dollars, authorities said on Wednesday.

The deals were inked during a visit by Chinese Vice President Xi Jinping, who arrived in the small South American nation of just over three million people on Wednesday.

On a tour that also took him to Cuba, Xi met here with President Jose Mujica. They signed deals under which Beijing will buy $528 million in exports from Uruguay, which lies between Argentina and Brazil on the Atlantic.

China's purchases include soybeans, wool and bone meal, as well as paper pulp and dairy products. China is Uruguay's number two trade partner after neighbouring Brazil.

N. Korea Setting Up Economic Zone Near China

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By David Cao
David Cao
07 June 2011
Hits: 817

North Korea said it will set up a new economic zone near its border with China, signaling the nation’s deepening dependence on its economic benefactor after leader Kim Jong Il’s three visits there in the past year.

The Hwanggumphyong and Wihwa Islands Economic Zone will be set up to “boost friendship with China and expand and develop external economic relations,” North Korea’s state-run Korean Central News Agency said late yesterday, citing a parliamentary decree. The report didn’t elaborate on the development plans.

Read more: N. Korea Setting Up Economic Zone Near China

More Articles …

  1. China executes student over hit-and-run murder
  2. Chinese celebrate Dragon Boat Festival
  3. Man failed 15 times for China's college entrance examination
  4. Floods leave 14 dead, 35 missing in Guizhou China
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Banking

  • China's Gold VAT trade reform aims to tax free for investment
  • China's digital RMB transactions top 14.2 trillion yuan
  • Renminbi asset appeal spurs dim sum bond market
  • UnionPay International Expands European Footprint with Strategic Partnerships and Enhanced Payment Network
  • China T-bond move seen safeguarding financial stability

Business China

  • Inbound Tourism Poised as Next Growth Engine for China's Service Sector
  • China sees 11.279m cross-border trips during the Labor's Day Holiday
  • Spring Festival Returns Ignite Service Consumption in Small Cities: Leisure and Entertainment Orders Up Nearly 30%
  • China's Auto Output and Sales Hit New Highs in 2025
  • China's record-breaking 45-trillion-yuan foreign trade volume in 2025

Real Estate

  • 21 Chinese cities tighten Real Estate Policy
  • LANZHOU NEW AREA new ghost town in China
  • Chinese invest $110 billion in US real estate
  • China's listed real estate companies post $461b of inventories for 2015
  • Beijing eases restrictions on foreigners buying apartments

Manufacturing

  • China to Build Seamless Asteroid Monitoring Network Covering Solar Blind Spots
  • Solar thermal power station in Jilin sets pace for cold climates
  • China-made C919 transports 5 million passengers in past 3 years
  • China's large drone FP-985 completes pioneering plateau logistics flight
  • China's NEV output tops 16 million units as exports double

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