HOSS

Heard on the Street

July 4, 2009

Mr. Obama,

Bring Mr. Geithner, Mr. Summers, Mr. Bernanke and your other economic leaders (leave the Bank lobbyists at home so their disease does not spread like Swine flu), and find out, instead of taking an "I know it all attitude," how we in China are building up consumer small businesses, training college grads to go into business, building demand in Asia, Europe, South America, Africa, Iran, Russia, the Koreas, Taiwan and Japan for our products so that we are booming instead of dying like the United States for giving in to the greedy Bankers and greedy Wall Street lobbyists.

We welcome you to come and learn. You have proved that you badly need our advice. And we gladly give it in appreciation for the United States melting pot for the world, and great mentor for China's miraculous progress during the last 30 years.

We are destined to be Number 1, and we will help you and your country if you and your Congress can control the greed.

Please see Mr. Wen's speech.

 

 

Go West Young Man to Opportunities in Xinjiang
By Wang Qian (China Daily)
July 5, 2009

 

URUMQI: Five years ago a young man from northeastern Jilin province made the "mad" decision to go west - to the other extreme across the entire nation - to use his training in a promising job.

Different from most of his classmates, who eyed big cities like Beijing for work, Sui Kun, then aged 22, looked to the Xinjiang Uygur autonomous region.

"A mad idea, but it turned out right because Xinjiang provides a wide stage for a freshman," said the graduate of North China Electric Power University. He is now a director assistant of the international department with Xinjiang-based TeBian Electric Apparatus Stock Co Ltd (TBEA).

"This year, we have 1,000 job vacancies yet it is difficult to find suitable people," said Liu Gang, deputy general manager of the company.

One example of that challenge is Shi Wei, a 25-year-old postgraduate majoring in automation at Northeastern University. He said he would rather stay at home than go to Xinjiang and have good pay, because "big cities have more opportunities and fun".

Recognizing the difficulty in attracting graduates, Liu said with a sigh that "jobs are hard to find, especially during the economic slowdown, but graduates still look to big cities".

But changing their outlook is a solution that benefits both graduates and companies, Liu said. Similar to him, other Xinjiang entrepreneurs throw open their arms to welcome college graduates with career interests in the west.

He cited Sui's case to illustrate that choosing a decent job in a comparatively poor region might be better than living in poverty in a big city.

Sui earns more than 5,000 yuan a month, no less than the average salary for his peers in Beijing, but "living costs much less here and the natural environment is much more comfortable".

When weighing whether to take a job, young people should think more about their future rather than merely focusing on the present, Liu said.

Through providing internships for university students and giving lectures on career development, the company is seeking to change the mindset of job seekers.

As a leading transformer, wire and cable company in China, TBEA has one of the nation's largest production centers making electronic aluminum foil and has industrial parks in Hunan, Shandong, Tianjin, Liaoning, Sichuan, Shaanxi and Xinjiang.

TBEA has formed three subsidiary industrial groups and a cluster of public companies, with power technology a key profit center, new materials an emerging revenue source and new energy projected to be a future business.

This year TBEA expects to book more than 20 billion yuan in orders, an increase of more than 50 percent over the previous year. In March, its Shenyang Transformer Group received an order worth 604.2 million yuan from the State Grid Corp , the nation's largest electricity transmission company.

With a total staff of more than 12,000, including 24 foreign experts, the company has a training center to keep employee knowledge current and help with their careers.

Despite its strong performance, industrial influence and future prospects, the promising company is still facing a shortage in qualified human resources. And they are not alone in Xianjiang.

Jierla Yishamuding, mayor of the region's capital Urumqi, said his government has realized the problem and begun to help companies address it through a series of measures including micro-credit for small businesses and investment in vocational schools.