Showing posts with label china business. Show all posts
Showing posts with label china business. Show all posts

Thursday, March 1, 2012

Dragon-themed Rolls-Royce for the Year of the Dragon


From: http://www.epmchannel.com/2012/03/01/rolls-royce-year-of-the-dragon/

European luxury manufacturers have discovered a fresh new audience: China. The booming economy in the far-east has awoken a desire for European upper-class splendour. Huge names like Ferrari, Bentley, and Rolls Royce are now successfully positioning themselves in the Chinese market with great success.

Exclusive for China

The importance of the Chinese market is perfectly illustrated by Rolls Royce’s new “Year of the Dragon” special-edition model. It’s a new version of the Rolls Royce Phantom (in production since 2003) aimed specifically at far-eastern buyers. The British manufacturer's venture into the far east is further testimony to the widespread appeal of their 400 000 to 470000 Euro luxury limousines.

Rolls Royce in red

Perhaps the most obvious characteristic of the “Year of the Dragon” edition is its specially developed metallic red paint. A golden stipe with a striking dragon logo stretches over the length of the limousine. The interior is finished in matching red leather, and the dragon logo is also found on the seating headrests - quite a change from the normally subtle Rolls Royce colors. A “Year of the Dragon – 2012” script that runs along the door panels provides the finishing touch.

Specifications remain unchanged

The technical aspects of the “Year of the Dragon” edition Phantom remain unchanged: a 12-cylinder motor (6740 cm2) provides 338 kw/ 460 hp at 5350 rpm, with the maximum torque of 720 Newton meters reached at 3500 rpm. Details about when the special edition will go on sale and what it will cost remain a mystery. We can however assume that it will be released sometime during this, the year of the dragon.

Friday, December 16, 2011

"Control" is Character of the Year in China

Interesting that the Chinese character for "control" is the word of the year in China. This seems to indicate a growing expectation that inflation and price hikes should be kept under control.

You can listen to the following piece at http://www.chinadaily.com.cn/language_tips/cdaudio/2011-12/16/content_14278789.htm

New character took control in 2011
[ 2011-12-16 15:43 ]


进入英语学习论坛下载音频

The Chinese character kong 控, a word that generally means control, has been selected as the 2011 character of the year in China.

The word was chosen after recommendations from Internet users, expert reviews and online polling that was jointly organized by the National Language Resource Monitoring and Research Center under the Ministry of Education, the State-run Commercial Press, and the China Youth Daily, a report in the newspaper said on Thursday.

Two million Internet users took part in the selection, the report said.

Kong, replacing the character zhang (meaning price hikes)from last year, symbolizes a logical consequence of the government launching proper macro-economic policy to keep the hikes under control, said a statement issued by the organizers.

A statement on Wednesday after a three-day central economic work conference attended by senior leaders said the country would maintain the steady macro-economic policy and measures to control inflation, stabilize prices and regulate the property market.

The selection of kong indicates the public's expectations and the government's efforts to respond to the expectations, the organizers' statement said.

Moreover, the use of kong as shorthand for a homophone of the English word "complex" to express a special liking, is also getting popular this year, which reflects a more diversified lifestyle of the Chinese people, the statement said.

In this respect, the word kong usually follows a noun or verb. For instance, weibo kong refers to those people who like to use micro blogs very much and spend a lot of time micro-blogging.

The phrase shang bu qi, which means too delicate to bear a blow, was chosen as the phrase of the year, revealing the public's sensitivity to personal and social problems, and their call for justice and equity.

Also, "debt" and "euro debt crisis" were voted the international word and phrase of the year, showing the public's growing awareness of a globalized world, the report said.

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Monday, November 15, 2010

NY Times: China Top Home of Foreign Students

China Surges Past India as Top Home of Foreign Students
By TAMAR LEWIN

http://www.nytimes.com/2010/11/15/us/15international.html

The number of Chinese students studying in the United States surged 30 percent in the 2009-10 academic year, making China, for the first time, the top country of origin for international students, according to “Open Doors,” the Institute of International Education’s annual report.

The report found that a record high of 690,923 international students came to the United States last year — nearly 128,000 of them, or more than 18 percent, from China. Over all, the number of international students at colleges and universities in the United States increased 3 percent for the 2009-10 academic year.

India, which in recent years had been in the top spot, increased its numbers only slightly, to 104,897 last academic year.

“The number of students from China is booming, because of that booming Chinese economy,” said Peggy Blumenthal, executive vice president of the institute. “But India, which also has a booming economy, is only up 1.6 percent. I think one factor is the great number of Chinese families with disposable income, two working parents and only one child, and a determination to invest their money to make sure that child receives the best education possible.”

David B. Austell, director of the Office for International Students and Scholars at New York University, said the Chinese undergraduates came primarily from the large urban areas on China’s coast. Because they are not eligible for the same financial aid as Americans and usually pay full tuition, he said, their growing presence is an indicator of just how many Chinese families are financially strong.

At the University of Southern California, Tony Tambascia, executive director of the Office of International Services, said the number of Chinese students grew substantially last year, but surpassed the number of Indian students for the first time just this fall.

“We’re getting more Chinese master’s students, and dramatically more freshmen,” he said.

According to the report, which is supported by the State Department, the number of students coming to the United States from Saudi Arabia increased almost 25 percent last year, to 15,810, reflecting the Saudi government’s generous aid for studies abroad.

But not all countries sent more students to the United States last year. The number coming from Japan declined 15 percent, and Mexico, Indonesia and Kenya each sent 7 percent to 9 percent fewer students than in the previous year.

Still, Allan Goodman, president of the institute, said the United States continued to host more international students than any other country. And according to the Commerce Department, such students contribute nearly $20 billion to the economy.

While the majority of Chinese students in the United States are still graduate students, the recent growth has been strongest among undergraduates.

Last year, there were 39,921 Chinese undergraduates studying in the United States, a 50 percent increase from the previous year, and more than four times as many as five years earlier.

The Indian experience has been quite different; that country sent 15,192 undergraduates last year, fewer than five years earlier. And the number of Indians coming to the United States for graduate study dropped by almost 4 percent last year

“The educational-advising people say that the job market is so hot in places like Mumbai and Bangalore that students thinking about grad school decide it’s not worth it,” Ms. Blumenthal said, “since they can just go out and get a good engineering job.”

As in past years, the report found that California, with 94,279 international students, hosts far more students from abroad than any other state. The University of Southern California is the institution with the most international students, 7,987 last year.

The report also tracks Americans studying abroad, although those numbers come from a year earlier. In the 2008-9 academic year, 260,327 American students studied abroad, down slightly from 262,416 the previous year.

While Britain, Italy, Spain and France remain the leading destinations, the study found, all four hosted fewer students, with the declines ranging from 2.5 percent to 10.8 percent.

But nontraditional destinations outside Europe gained popularity. Chile, Peru and South Korea all had increases of more than 26 percent, and China, Australia, Costa Rica, Japan, Argentina, South Africa, Ecuador, Brazil and New Zealand all hosted more American students than in the previous year.

Wednesday, July 7, 2010

China's Identity Crisis?

From wsj.com

Caroline Swartz was hired as a project manager at a Chinese public-relations firm in Beijing in 2006. For the majority of the year she worked there, she was never asked to do anything except sit in meetings, quietly. She would be called in with no knowledge of what the meetings were about or even who the clients were. Afterwards, she would be told to go back to her desk.

"I was presented, always visible and on display. But I didn't have any responsibility," says Ms. Swartz, now a student in New York City. She got paid to do basically nothing because she's white, she says. The firm had both Chinese and Western clients so they wanted to look international. This business approach may not seem politically correct but it reflects a new dynamic between China and the West: Westerners, especially Caucasians are getting employment opportunities because some Chinese firms want to use them to portray an image of high status and sophistication.

The relationship between China and the West has been fraught with ambiguity since the two Opium Wars in the mid-1800s, which triggered both a nationalistic reaction against imperialism and feelings of national self-loathing and idolatry for anything Western. In the early 1900s, following the collapse of the Qing Dynasty, some Chinese literati argued that China's military, economic and spiritual weakness made it an easy prey for aggressive foreigners. In order to save the nation, they said, China needed "total Westernization," rejecting traditional ideals embodied in the Confucian system and adopting European systems and values—so-called Mr. Democracy and Mr. Science.

The Chinese superiority/inferiority complex is rooted in what is known as the "one-hundred years of national humiliation," and has never resolved itself, even after Chairman Mao announced in 1949, "The Chinese people have stood up." It exists even though China has transformed itself into an economic power in the past three decades. On the one hand, China demands more respect from the West in the international arena, but it treats Westerners as superior on a personal level.

Having said that, I think these attitudes are changing among the younger generation, especially in bigger cities.

Two to three decades ago, Westerners could go to hotels, restaurants and department stores that catered to them exclusively and paid in a special currency called "foreign exchange certificates." Now at restaurants and department stores Chinese are often the ones who splurge on champagne, designer clothes and luxury cars. But even in Beijing and Shanghai it's not uncommon for anybody who works or socializes with Westerners to suffer from less favorable treatment from the service people. Some restaurants give Westerners better tables and serve them first. A friend, married to a European, has had trouble getting into her Beijing apartment complex when she forgets her security pass while the guards have never bothered to ask her husband for his pass. The truth is my friend owns the place.

Some Chinese have gone to the extremes to take advantage of the notion of Western superiority. A top Chinese executive at a multinational manufacturer in China (one with a U.S. permanent resident card) has a "white guy" business strategy: when he travels to smaller cities: He always makes sure he brings along a Caucasian employee. "The locals always treat us better when there's a white guy around," he says. The guy is often an engineer who doesn't need to open his mouth at the meetings. But his presence somehow makes things go more smoothly or, at least, makes the atmosphere friendlier.

But there's a drawback in the "white guy" strategy: when locals meet the executive and his team for the first time, their initial reaction is always that the white guy is the boss and the executive his interpreter. The executive says he doesn't mind at all as long as they get the business done.

For some white people hired for this purpose, it's not an easy situation to deal with. Ms. Swartz felt she was treated like a child and even a "zoo animal" at the firm. But she needed the job to take care of her newborn baby. She didn't start taking on any real responsibility, such as overseeing clients, until a manager overheard her speaking Mandarin. "They didn't even read my résumé," says Ms. Swartz, who studied eight years of Mandarin before moving to China. But she also believes that it's good for white people to experience racism because most people on earth have to deal with it, and "it doesn't feel good."

The European husband of my friend provided a different perspective. When I asked him what he thinks of the way the guards treat him better than his wife, he says there's nothing wrong with that. He says the guards should treat everybody like him, but that won't change until Chinese learn to treat migrant workers and poor people with more respect. I think he has a good point.

Write to Li Yuan at li.yuan@wsj.com

Wednesday, March 10, 2010

Coal Boss' family wedding in ShanXi, China

ShanXi was traditionally a very poor area in China until the recent discovery of vast coal deposits. Have a look at a coal boss' family wedding.




Lead cars included Rolls Royces and Lamborghinis, Mercedes, BMWs and Porsche Cayennes. The groom's house was brand new, covered in celebratory balloons.


The brides house was just as glamorous (sans balloons). Wedding dowry included checks, gold bars and gold rice bowls, plus a white lamborghini. The bride sported a 3,000 RMB manicure.