EMBA Circle: Tuitions for Connections Recently, the discussion about the Business School EMBA “Circle” has been hotter than those about entertainment circles. The “EMBA Room Card Scandal” [about male EMBA students receiving hotel room cards from their female classmates that are usually girls from the fashion circle or entertainment industry who attend EMBA schools seeking rich men, married or not], a rumor that cannot be determined to be authentic or just greatly exaggerated, has in one fell swoop damaged all EMBA students. With regards to the EMBA “Circle” [Read more...]

Why is it the fault of young Chinese workers? When domestic and overseas media mainly attributed the riots at Foxconn’s Shanxi factory to the “Post-90s Generation” again, I sighed. This column published three analytical articles focusing on Foxconn in three months, because Foxconn, the world’s largest factory and China’s biggest private corporation that originated in Taiwan, is far too deeply related to China. Among the 1.2 million employees of Foxconn around the world, 95% are from Mainland China and only 5000 are from Taiwan. However, ever since the “Foxconn suicides” (where [Read more...]

The path of development for China’s manufacturing industry is becoming increasingly narrow: Many companies with massive labor pools, extremely thin industry profits, and only a tightrope ahead–further cutting costs. In the current macroeconomic circumstances, production capacity remains high, wages continuously rise, and export demands are plummeting, with many manufacturers constantly complaining of their troubles. When even manufacturing industry paragon Haier is complaining about scant profits, the operating situation for other companies can easily be imagined. The operating [Read more...]

China will raise the retail prices of gasoline by 390 yuan (62 U.S. dollars) per tonne and diesel by 370 yuan per tonne starting Friday, the country’s top economic planner said Thursday.     The move, which followed three consecutive cuts from May to July, marks the third such increase this year, due to a rebound in international crude oil prices. The benchmark retail price of gasoline will be lifted by 0.29 yuan per liter and diesel by 0.32 yuan per liter, the National Development and Reform Commission (NDRC) said in a statement on its website. Under China’s oil product pricing [Read more...]

While in Beijing this past winter, the high-profile Jiangsu tycoon Yan Jiehe offered the prediction that there will also be a “winter” for China’s SMEs: In the coming 5 to 10 years, 99% of SMEs will die. This journalist has interviewed Yan Jiehe numerous times and he has consistently and intensely insisted upon this view. Yan Jiehe’s view has a macroeconomic context: 30 years after the Reform and Opening up, China’s economy is in a period of major transformation. This transformation is the transformation of the economy from disorder to order, from pursuing quantity to pursuing [Read more...]

May 10th morning news, after Proview’s suit against Apple for infringing upon its iPad trademark was rejected by a local court a few days ago, Proview founding Yang Rongshan said Proview’s American lawyers are leaning towards an appeal but concrete plans are still under research. At the same time, he indicated hope that the iPad trademark case in China will be resolved inside of 2 months. This February, Proview launched a lawsuit against Apple in the United States, accusing Apple of deceptive practices when Apple purchased the iPad trademark several years ago, and as a result should [Read more...]

A man walks out of an ATM of a branch of China’s banking giant Industrial and Commercial Bank of China (ICBC) in Shanghai on January 18, 2011. According reports, ICBC plans to open branches in Europe to expands its network in the region. (Image credit: AFP/Getty Images via @daylife) The Federal Reserve’s decision this week to green light the expansion plans of three massive state-owned Chinese banks, including the first-ever takeover of a group of U.S. bank branches by a Chinese lender, got tremendous media attention and seemed to play into general fears about China flexing its [Read more...]

China News Service April 27th report (Finance Channel, Li Jinlei). On the 25th, Ministry of Human Resources and Social Security spokesperson Yin Chengji revealed that currently the highest monthly minimum wage is 1500 yuan in Shenzhen and the highest hourly minimum wage is 14 yuan in Beijing. China New Service Finance Channel hereby presents the current minimum wage standards of 32 provinces and cities. The rankings show that as of April 26th, the highest monthly minimum wage is in Shenzhen at 1500 yuan, the second is in Shanghai at 1450 yuan, and Tianjin and Zhejiang both at 1310 yuan in [Read more...]

It is found by the reporter via his exposure to college campuses, government officials and entrepreneurs that these groups of people often consciously or unconsciously speak more truth. The Deputy Director of the Chinese Development and Reform Commission Zhang Xiaoqiang states that in 2011 China consumed 50% of the world’s steel, cement and 20% of the world’s energy while its GDP only accounted for 9.5% share of the world’s economy. China has become the largest country for carbon dioxide and sulfur dioxide emission in the world due to the fact that 70% of China’s energy comes [Read more...]

Italian Government Department Cracks Down on Counterfeiting Activities in China for Fear of Damaging the Country’s Image Foreigners are joining the Chinese counterfeit crackdown team. Starting from the second half of 2011, the Intellectual Property Department of the Italian Trade Commission (ITC) has submitted to the Chinese Intellectual Property Office 3 lists of a total of 30 “pseudo-Italian” product brands. These pseudo-Italian brands claim their products are manufactured in Italy and use the country identity including cities in Italy and the Italian national flag to advertise [Read more...]