World Economic Forum (WEF) Background:
In 2007, a Swiss non-profit organisation approved the creation of the World Economic Forum (WEF), which is also known as the Annual Meeting of the New Champions or the Summer Davos. The event takes place annually and the 2017 WEF is held in our North-Eastern Chinese city, Dalian between the 27th of June and the 29th of June. The Summer Davos is held annually in China altering between Dalian and Tianjin. The Summer Davos has around 2000 participants from the Global Growth Companies foundation, which is generally made up of emerging countries with rapid growth, such as China, Russia, Mexico, Brazil and India, but there are also several developed countries involved in the foundation. WEF is a community with members from around 90 countries, involving governments, leaders of major multinationals, civil society, media and academic individuals. WEF’s annual meetings include not only members of the foundation, but also fast-growing regions, global leaders, international technology leaders and competitive cities.
The effects of the Summer Davos WEF in Dalian is noticeable in various areas. There are large number of reconstruction of buildings and roads in the city and increased security measures everywhere in the city center. The number of both international and domestic visitors increased during the week of the WEF. Therefore, most of the flights and hotels are already booked out. The media and press pays increased attention on the happenings and events in Dalian. The World Economic Forum along with many other internationally known events help Dalian to gain international recognition and to become one of the globally known Chinese cities. This enlarged international acceptance will benefit Dalian, by becoming the host of other international events, undergo further projects and turn into a new international trading center of China.
Aims of the 2017 Summer World Economic Forum (WEF):
The main focuses of this year’s World Economic Forum meeting will involve the sharing and circular economy, new technology innovations and green investment to improve environmental management. By discussing these topics, the WEF members try to address the global environmental risks, facing all countries around the world. These possible environmental risks were pointed out in the latest annual Global Risks Report of the committee. Climate change, sustainable growth and environmental protection are the prime discussion cases during the 2017 Summer Davos meeting in Dalian. The WEF committee plans to centralise their concern on the climate change issue, which is one of the most impactful risk and therefore a vital problem, affecting all members of the WEF as well as other countries around the world.
One of the reasons for keeping this year’s Summer Davos meeting in China is because China plays an extremely important role as world leader in sustainable and green development. In 2016, the world’s biggest issuer of green bonds was the Shanghai Pudong Development Bank. However, China is facing environmental challenges, including smog, which is becoming a major issue in most metropolitan cities around the world. Therefore, the 2017 Summer Davos meeting’s top priority focus will be on solving environmental issues, such as smog, in order to improve the urban air quality of populous cities.
The WEF committee believes that global cooperation can be created between public and private sectors in order to create new alliances and counter the existing environmental issues and prevent the rise of further environmental problems in the future. By establishing cooperation between firms in the public and private sectors, the members of the WEF assume that they can demonstrate collaborations, instead of isolation, to the younger generation and attain benefits to all in the future.
Further plans that the members propose to carry out after the 2017 WEF meeting, include investment in green energy, green infrastructure, green transportation and they believe that having a circular economy is fundamental to raise the level of economic growth. Furthermore, China’s goal is to highlight the idea of sustainability and innovation alongside with strong Chinese characteristics and an international appeal. The annual World Economic Forum helps to unite the existing and new fast-growing organisations, which shape the future of business and society. It is an event that highlights relevant global challenges from economic, societal, environmental and political backgrounds, and encourages its members to act in a way that will benefit to everyone in the long run.
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Before coming to China I expected Kung Fu (功夫 gōngfu) to be omnipresent. It just seemed so obvious to me, having learned everything I know about China from Crouching Tiger, Hidden Dragon and Kung Fu Hustle. In retrospect that was probably not the best way to get to know the true Chinese culture. However, upon arriving at my host family my host brother immediately asked me if I played football (足球 zúqiú). I soon realised that football is in fact the most popular sport in China (real football, not the American kind). Nonetheless, I was undeterred and I tried to find a place to do Kung Fu. However, my road to success was made even more difficult by the fact that every time I asked someone where I could find a Kung Fu gym they said just go to one of the football courts and play some football. In the end I found a Kong Fu gym, but I was intrigued by the enormous popularity of football, despite the lack of international success at this sport.
So I researched and what I found surprised me. Not only does FC Barcelona have a training facility in Qingdao, the city I was placed in by InternChina, but a football academy has been set up in a Shaolin temple with the intent of incorporating football into Kung Fu. Yes, you read that correctly Shaolin Soccer is now a real thing. On one hand, the school is trying to increase the reputation of Shaolin Kung Fu on and increase the football skill of the citizens. On the other hand, they are combining the physical prowess the monks gain through rigorous training with the precision required to be a good footballer.
In fact this is all part of an effort to raise the standard of the national sport, because although it is the most popular sport in China, the national team is spectacularly bad. I was forced to witness this when watching international friendlies with my host family at dinner. The women’s national team is comparably good on the other hand, reaching the quarterfinals in the last world cup albeit receiving much less public attention. This success is probably a result of football being introduced into the curriculum from a very young age. Previously, talents did not receive the attention they needed in order to prosper into the potent footballers they could have been due to being occupied with school all day all week up to the age of 16. When this problem became apparent though, football was incorporated into daily school life and many schools now have football grounds.
This national initiative to become better at football, promoted by the eager football fan and president of China Xi Jinping, also consists of an increase in transfer funds in order to secure top players in the Chinese Super League, the top tier football league in China. Much of the money probably comes from wealthy businessmen trying to amass political power and general reputation – corruption is a big problem in Chinese football, too. In the 2016 winter transfer window the Chinese Super League spent more than the Premier League. This is more than the Bundesliga, Serie A, La Liga and Ligue 1 leagues combined on transfers last year, to record sum of £194 million.
Not all of the money was spent domestically but big clubs also tried to secure international top players. The striker, Alex Teireira, Liverpool’s top target for this winter’s transfer season, was indeed snatched by Jiangsu for the Asian record fee of £38 million. Among the pantheon of world class players recruited this year are names such as Jackson Martinez (£31 million), Ramires (£21 million) and Brazilian striker Elkeson (£13.9 million). Each of these transfers successively broke the record for the highest transfer fees. Cahill, Demba Ba and Gervinho already call the Middle Kingdom home. Oscar was offered £75 million to join Ramires’ Jiangsu, but decided to stay at Chelsea (with Jiangsu he would at least have a chance of winning a trophy this year). The high salaries also add to the lure of the Chinese Super League. Asamoah Gyah earns £243,000 a week, which made him the 8th highest player at this point in time.
At the moment most top players are South-American mainly due to the millions they are offered in China. As they are chiefly from poor families they do not care much for the prestige of the European league. This is very different in Europe where football players are not only chasing the next pay check but also the glory that is so deeply embedded in the football culture. For this reason European players only tend to leave Europe when they are approaching retirement whereas many South-American talents are going to China early on. South-American players near retirement are more likely to go to China, whereas European ones prefer destinations such as the USA. This is likely change, as Xi Jinping has announced that China would be a major footballing nation by 2025 and Rooney, Fernando Torres and Yaya Touré have all been linked with China.
The interest is bilateral though and top clubs such as FC Barcelona have opened academies in China, trying to turn quantity into quality. Some of the biggest European clubs, such as Atletico Madrid are now partially owned by Chinese billionaires who have gained interest in the European football hype and want to secure some of that footballing glory for themselves. Xi Jinping is reportedly a huge ManU-fan (god knows why).
The biggest competition to the Chinese Super League in terms of emerging football markets is the Major League Soccer in the USA. Both Leagues are relying on and prosper by snatching talent from European top clubs. In order to be more attractive for foreign players there is no wage cap on foreign players, whereas in the US only three designated players are allowed to earn more than the maximum cap. Legislation in China is also ever-changing in order to accommodate foreign players. 10 years ago there could only be 3 foreign players per team, now 5 players are allowed.
Considering all these different factors China has the potential to become a major player in international football. This is not limited to the clubs though, but it also includes the national team that is ever-improving. I guess only time will tell, but definitely look out for China in the next few years! You might have to buy plane tickets to China in the next few years as Xi Jinping has voiced interest in hosting (and winning) a World Cup.
On Monday, August 10th 2015, China’s decision to devaluate the Yuan by 2% became public. The reasons for the devaluation seem to be the falling exports and a slowed down manufacturing sector. With a depreciation of the Yuan, the Central Bank hopes to push down the borrowing costs and to increase China’s exports as it could offer cheaper prices again.
According to the People’s Bank of China the trading band was reset at 6.2298 US Dollar (-1.9%). The so called “one-off depreciation” causes the Yuan to be at its weakest point against the US dollar since three years.
In comparison to other Asian currencies, the Yuan against the dollar had become relatively expensive. As a result, China implemented fiscal, monetary and equity-boosting policies, but all of these attempts to diminish the fear of an economic slowdown seemed to fail.
Another or maybe the only way to boost the economy again was the depreciation of the Yuan. However, the consequences of devaluating the currency might be fatal. Most likely China’s competing currencies, like the Singapore dollar, the South Korean won or the Taiwan dollar, will fall as well. This “could generate headlines heralding the start of a devaluation war”, according to Masafumi Yamamoto, senior strategist at Monex in Tokyo (theguardian.com).
Also other currencies like the Australian dollar and regional markets reflect the impact of the depreciation as investors are worried about an ongoing fall in demand from China’s economy.
Next to the possible snowball effect of the world’s second biggest economy by GDP on the other Asian currencies, the devaluation could also set off copycat devaluations by central banks to keep their own competitive position against China.
Some other possible theories about the devaluation of the Yuan are (theguardian.com):
“The devaluation may be an attempt to make trading more open and market-based”, observers said.
“I don’t think this is a reaction to the weak trade data over the weekend, I think it’s because of the SDR,” said Zhou Hao of Commerzbank in Singapore.
“They need to have a market-based mechanism and they need volatility.”
The Guardian. 2015, China devalues yuan by 2% to boost flagging economy. [Online] Available at: https://www.theguardian.com/business/2015/aug/11/china-devalues-yuan-by-2-to-boost-flagging-economy [Accessed 11th of August 2015]
The scale of the developments in the Pearl River Delta represents some of the strongest in the whole of China. Its geographic location makes it perfect for opening up to foreign markets and it is already attracting a great deal of international companies. One of the key projects that have been in development for 10 years and are about to be finished is on the doorsteps of Zhuhai – Hengqin Island.
Hengqin New Area is located on Hengqin Island in the south of Zhuhai, Guangdong province. It is just 200 meters from Macao, connected by bridges. It covers an area three times the size of Macao. In 2009 after a visit from President Xi Jinping the state council approved the implementation of the Overall Development Plan of Hengqin which incorporates Hengqin Island into the Zhuhai Special Economic Zone and represents the ongoing cooperation between Guangdong, Hong Kong and Macao under the policy of “One Country, Two Systems”.
As seen above there are many projects in hand to be developed. They have been in construction from 2009 and some are due to be completed by 2016. We would like to show you the main projects.
Shizimen CBD – Central Business District
Estimated investment in this project is around 100 billion Yuan. The aim is to create a Physical Platform amongst Guangdong, Hong Kong and Macao. The CBD boasts the Zhuhai International Conference Center, International Expo Center, international standard grade-A office buildings, international standard five-star hotels and supporting facilities. Industries such as finance and insurance, business service, business and trading, headquarters settlement will be covered and introduced from Hong Kong and Macao.
Hengqin Finance Industry Service Base
This project will compose of 18 office buildings, 1 finance street service center and 1 catering center building. The base provides enterprises with independent, high-quality, garden-like offices and operational outlets with perfect supporting facilities. Two routes of free shuttles have been opened between Finance Street and the urban area of Zhuhai.
To date, more than 180 financial institutions have been introduced.
Chimelong International Ocean Resort
Chimelong International Ocean Resort is a world-class, large, comprehensive tourism resort integrating leisure and tourism, a luxury hotel, business exhibition centre, tourism and shopping, and sports and entertainment. It boasts the longest roller coaster, the highest Ferris wheel and the largest ocean park in the world.
Xiangzhou Culture Street
The project was invested in by Zhuhai Jingfu Tourism Development with a total investment of around 1 billion Yuan. There are plans to create a large cultural, tourism project. It will integrate an exhibition center, leisure, tourism, shopping and foods, using traditional folk craft and folk custom culture as theme.
Guangdong-Macao Cooperative Traditional Chinese Medicine Science & Technology Industry Park
This serves as a demonstration of development cooperation between Guangdong and Macao. It is an international TCM industry base, jointly planned, invested in and run by Guangdong and Macao. Traditional Chinese Medicine industry, Traditional Chinese Medicine health service industry, Traditional Chinese Medicine information industry and Traditional Chinese Medicine cultural industry will dominate the park to form an international science & technology industry cluster demonstration zone of TCM health care.
The New Campus of University of Macau in Hengqin Island
The new campus was governed by laws of mainland China during the period of construction, and is governed by laws of Macao after completion of construction. It is one of the key projects of cooperation between Guangdong and Macao. The new campus consists of gymnasiums, libraries, 10 residential colleges as well as teacher and student dormitory buildings. It is linked to Macao by a 1.5km cross-ocean tunnel.
Combined Gas Energy Supply Project of Hengqin Island
This project upon its completion will become a reliable and economical power supply for China Southern Power Grid to transmit power to Macao, and will form a new-type energy base covering the whole island featuring a combined supply of electricity and water.
The near future looks incredible for Zhuhai and its surrounding areas! Take a look at more articles in our Blog section!
Christine Lagarde speaking at the world economic forum.
It’s been a tough year worldwide. There have been international conflicts emerging, shaking our hopes of progress in the globalized era. There was a sharp drop in oil prices that has still yet to take its toll on the global economy. There was the risk of Europe falling into another recession and the general slowing of Asian economies.
While we heard some murmers of “optimism” and “consolidation” from the IMF and the World Bank, we look forward towards 2015 with hopes of improvement.
Aside from the worldwide problems that will have a knock-on effect on China’s largely interdependent economy, China also faces its own domestic challenges.
- GDP per capita must eventually rise, considerably. Currently China is on the 93rd place in the world of GDP per capita. This means for the country that it needs to rise 32% to meet the world average. It needs to triple to equal the European average.
- The huge environmental issue. Some reports state that China cannot use some of its domestic natural resources such as coal, iron and others because it’s too dirty. This is one of the main challenges in China as from a pollution perspective, for example Beijing is becoming one of the worst cities to live in.
- Increase of income leads to larger consumption. The evidence of that could be seen on “Single’s day” which broke all records of purchases across the globe. China has always been regarded as the world factory for international markets but now more and more is consumed domestically.
- A rise in income also raises the real estate price that has led to a housing boom. It is a transitional change from lower to middle class society but it’s something China has to deal with in short term as the gap between rich and poor increases.
- Rising income also puts more strain on an export economy. Workers are demanding bigger salaries and better living and working conditions which pushes up the cost of the end product. Countries are already sourcing products which require more involved handwork to other countries such as Vietnam where labour is cheaper. Meanwhile the government struggles to keep the value of RMB low for its export industry in a country that’s clearly experiencing a boom.
- Consumers are more and more concerned about what they buy. Companies that produce for the domestic market are used to selling poorer quality products leading to massive brand loyalty. Better quality means better production standards countrywide and it’s going to cost.
All those indicators show that the economy in an ongoing process of change and evolution. GDP growth will remain steady around the 7% mark, impressive even if not the quite glory years of 2010 and before. Currently this resembles the progress of Japan in the 60s and Korea in the 80s.
A growth of 7.4% is expected for 2014
China is rapidly changing and there are many internal issues that will come to light in the coming years. But it is inevitable to have a couple of bumps along a long road. The positive indicators are still flashing everywhere. The infrastructure is booming all around from small villages to the big cities. China is consistently investing a lot in its infrastructure in order to facilitate moving people from the country and into the cities. The increase of incomes is establishing a consumer oriented economy for the future. Small cities are seeing 20 to 30% growth. Savings rates are still very high but the government is planning reforms about this matter. Efforts are being made to try to ensure growth will be sustainable in the future, the epitome of a truly successful economy and a lesson harshly learned in Europe.
No matter the slowdown, China will still remain one of world’s biggest lenders. The Chinese Yuan will gain stronger positions towards the USD and the Euro.
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In the recent years, China and Europe have grown together and tightened their economic connections. Some people say this might provoke a dangerous interdependence. I believe that a close economic co-operation will be crucial for both continents in the 21st century. The European Union as well as China both will benefit and create various synergy effects.
Therefore, the European Union and China have established strong links. One famous example is the EU-China Business Summit which was introduced in 2003 and has been held annually ever since.
High-level European and Chinese businessmen and politicians meet in Beijing today to join economic forces for a prosperous future for both continents. When important economic and political leaders meet to discuss the economic challenges and opportunities of nearly 2 billion people a high profile networking platform is created as well. Hence, this summit is a great opportunity for all participants to exchange business ideas and start important discussions for political as well as economic agendas.
Key speakers will be the Chinese Premier Li Keqiang and Manuel Barroso, President of the European Commission. Their participation highlights the eagerness of China and Europe to build up tight links and establish a sustainable economic co-operation. Furthermore, European and Chinese enterprises may endeavour new land of business partnership.
All in all, I am confident that this summit will further push the inter-continental relations and will be another milestone in the creation of a sustainable and prosperous 21st century.
I was stunned when I saw the proudly displayed billboard advertising the city of Chengdu in the airport of Frankfurt, Germany. The poster read “Half of the Fortune Global 500 are in my hometown. Can Do! Chengdu!” Alongside this slogan, there was an image of a panda wearing a jacket, decorated with the logos of major international brands.
I’m Wutao from Chengdu. I haven’t lived in my hometown for 2 years. Throughout my time studying in Germany, I have always thought about life in my home city. Thanks to my experience in Europe, I’ve been very interested in presenting the Chinese culture to foreigners and learning more about theirs. I feel so lucky to have been given the chance to work with InternChina during my holidays.
In 2006, Chengdu was officially named the best city for tourism in China. Chengdu is famous for its unique cuisine, fine weather and the surrounding tourist attractions. In ancient times, Chengdu was famous for its crop production and was known as “The Country of Heaven”. The city has maintained its agricultural heritage.
With such an ancient history, I wondered how Chengdu would cope with modernization.
I boarded the plane with questions in mind. The surprise became stronger as soon as I arrived in Chnegdu Airport: A modern 4 Floors Terminal catering for international flights. Two Metro lines which are connecting the cities with its suburbs. The new BRT system (Bus Rapid Transit), which runs on the new built flyover upon the whole Chengdu 2nd ring. None of these facilities were available when I was living in Chengdu two years ago! The city had changed rapidly.
Similarly, the lifestyle in Chengdu had undergone a huge transformation. I was taken by surprise during a dinner with friends: Instead of asking the waiter to take order, my friend grabbed out his smart phone and chose from the digital menu and paid online.
With all these positive surprises I arrived in Chengdu as a local but also as a newcomer. Over the next two months I will be completing an internship as part of the InternChina team based in Chengdu. I’m already excited to welcome our new interns and discover with them more about the city!
If you want to enjoy Chengdu´s fast growth send your CV and cover letter to email@example.com
During Chinese New Year I moved from Qingdao to Chengdu and took with me: my cat Paula (big thanks to my colleagues who helped me through all the paperwork to take her on an airplane!) and my Chinese colleague Leo (also well-known as MacGyver amongst the InternChina community!).
Both arrived safely and helped me to feel like at home from the first day on. Our mission is to set up a new office for InternChina and to welcome as many students from all over the world as soon as possible. Chengdu is a fascinating city and offers plenty of opportunities for career seekers or those who just want to get a first idea of this enormously growing country and their economy. Also for those, who are culturally interested in China, Chengdu has a lot to offer: Daoist and Buddhist temples in and around Chengdu, religious mountains and multiple Chinese ethnicities living in the city make the exploration of Chengdu a big adventure.
Even though the last weeks were busy with finding a good office location and settling down, I tried to stroll around the city and discover places for you which might be interesting when you come to Chengdu the first time in your life.
So, I started my tour with strolling around in Jing Li Ancient Street. This is a place where you can find traditional Chinese architecture blending in with the modern world of consumption. A fascinating place where you can buy Chinese souvenirs for your friends and family at home or try different exotic Chinese snacks. Right next to this street, there is the more than 300 years old Wu Hou Temple, which is a huge area including a bonsai tree garden and the perfect place to escape the bustling city life. Entrance fee is 60 RMB, but worth to pay, if you like to hang out in a peaceful place and discover the beauty of Zen gardens. Not far from the temple you can find the Tibetan streets, where you can see typical restaurants and shops for all religious equipment (like incense sticks, incense vessels and holders as well as praying pillows) can be found. People are friendly here and speak English, so you can easily purchase some Buddhist goods or clothes.
After my tour through Wuhou district, I felt really hungry and as I love to cook at home, I wanted to try another supermarket than Carrefour to buy groceries. So, I went to Raffles City, which is a very new Shopping Center in Chengdu (see picture), where you can easily get lost within all the shops and even in the supermarket, which turned out to be a labyrinth. However, they offer very good fresh meat and fresh sea fish, which usually is not possible in a city so far away from the sea. Also, one of the 36 Starbucks in Chengdu can be found here, so if you are thirsty for a good coffee in Chengdu, there is always a place to go.
Finally, I also tried a few Western and Chinese restaurants in Chengdu and I easily can say you can get food from all over the world here: I already had potato salad as my grandma used to make it, original Spanish Tapas along with a cheesecake cream dessert, Tex-Mex and Indian food, as well as fried goose from Hongkong, steamed shrimps dumplings (Cantonese) and of course all different kinds of hotpots!
As you can see, Chengdu is a city which is easy to explore and of course, if you come here for an internship you could discover the city with our InternChina team together!
China is one of the fastest growing economies in the world. With a whole bunch of job market problems and huge numbers of unemployed people in Europe/USA, China is often seen as a possibility for young people to get a job, learn something new, gain experiences which will make you more desirable as an employee in Europe and the Unites States.
Going to China is not enough
Chinese are a fast learning people and most of them studied English at school, so there is no real need of people who can speak English (apart from teachers perhaps). If you want to come to China and work here, it’s mandatory to speak and learn Chinese and have a good education. You are not going to be something special because you are white, or know how to speak English. It is the same in Europe: Let’s say you want to work in Germany! Then you have to be able to speak German or at least English. You see, just going to China is not enough.
Different types of language students
There are different groups of Chinese students in the Western world:
1) The first big group is University Students.
2) The second group is people learning at home with some random language program.
3) The third group is booking expensive language classes in a language institute.
4) And the fourth group is going to China to learn Chinese!
The thing about learning Chinese in Western countries is: You might get good teachers, but you will never have the opportunity to try your Chinese in real life.
Classrooms provide only an artificial learning environment, you can learn your basics there. But where to try them? You know how to ask for 2 apples? That’s great! But where do you go to check if a Chinese person would understand you?
The only place for learning proper Chinese is China!
Can you think of any better place to practice your Chinese than being in China, buying your own stuff on the streets, attending language classes, doing an Internship perhaps?
Chinese people are often thrilled when they see that you try to speak their language, which they know is difficult to learn. The problem with language classes at Western Universities is often that groups are too big. In a class with 30 people you can’t learn properly and a teacher doesn’t really have any chance to correct you mistakes.
In our language school in Qingdao e.g., you will never have more than 10 people in one class! Normally it’s 2-6, sometimes it’s even one-on-one, so you will profit a lot more from these classes than you would do at your home Uni or in a Western language school.
Some people like to study at home, you can still do that when you attend a language school in China, but learning together with other people who are having the same problems as you do and after class trying out what you just learned will give you a big motivational boost!
3 years ago – it was the first time for me in China after having finished my basic studies of Chinese language – I went to a really small restaurant. The owner’s daughter wanted to speak with me and my friend, I know I was quite afraid of not being able to understand her (having learned Chinese at Uni for 2 years in classes of at least 30 people), but she didn’t care about any mistakes we made! We were sitting together for more than one hour and it felt like I learned a hundred new words that evening. I haven’t forgotten one of them!
Now I do an Internship in China and I can speak Chinese with my colleagues every day, it’s the greatest opportunity for me to improve my Chinese again. I often think that it must be annoying for them to hear me speak my crude Chinese and saying things wrong so often, but they don’t seem to mind, since they have been studying Chinese for all their life and know how difficult it is!
China. 1.3 billion people. The world’s second largest economy. The world’s largest exporter of goods. A world full of opportunities.….
….for those with the right skills.
In the current economic climate finding a job is not an easy task to say the least.
Across the globe whilst companies are struggling to keep growing, graduates are struggling to find employment. As unemployment sets in many young people look to China as a solution. If China is really as powerful and prosperous as the media makes out, there must be something for me over there. Jump on a plane and fly east towards wealth and riches.
As foreigners arrive in Beijing or Shanghai, they begin the search for their dream job, but find out they are horribly ill equipped for this task. With no knowledge of Chinese or Chinese business culture, working in a Chinese company is out of the question. Western companies based in China often require the same skills as those of the Chinese companies, so these foreigners are left without a job. Well, at least until they settle for an English teaching job…
The “teacher-trap” catches many of the foreigners who move to China. The Chinese, with their international mindset are determined to learn English. When they spot a young Westerner, the first thing they think of is the benefit their children would gain from having their own private English tutor. The salaries offered are also very reasonable, a nice starting point for a recent graduate in a foreign environment. I have been in China for 2 months now, and have been offered over 10 different English teaching jobs, with salaries ranging from 100RMB(£10)- 300RMB(£30) an hour! 100RMB also goes a very long way in China….
The problem with falling into this “teacher-trap” is it may be quite difficult to claw your way out of it. If your Chinese isn’t really improving what with teaching English every day, then it may be quite tough to find that dream job you were searching for when you moved out here in the first place! People find themselves teaching for years, not at all what they had intended when moving to China. Something they probably could have done in their own country, with a significantly larger salary.
In order to make the most of the opportunities here and get that dream job, you need to have the experience of working in a Chinese company and know how business in China works. You need to be able to speak some Chinese so you can talk with your colleagues, be it work or play. The managing director from a Chinese recuitment agency said “If you don’t speak Mandarin and you don’t have any Chinese work experience, it will be very difficult”. Many Chinese companies also require years of previous experience or specialised technical skills.
It is for these reasons that I believe coming to China to do a work experience placement will be extremely beneficial for you in the future, much more so than a teaching job.
1) By working in China, you will get a chance to experience work in a Chinese business environement and build up some invaluable “guanxi” (see my last blog! “Guanxi – A two way street”).
2) You can get a feel for the language and aquire the necessary skills needed to get by on your own. If you work hard at it, after 6 months in China you could be very competent at speaking Chinese.
3) It will look great on your CV – working in a foreign environment; learning a foreign language; living abroad. It could lead you onto that dream job you’ve been searching for.
If you don’t agree with me then have a read of this article: N.Y. Times
If this still isn’t enough, then just think of the fun you could have! China is an incredible country and with InternChina you are sure to have a great time.
Apply now via Email firstname.lastname@example.org or through our website www.internchina.com/en/contact/apply