China lures expatriates but success hard: study
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TORONTO, Sept 26 (Reuters Life!) - China is one of the   easiest places for recruiters to lure expatriate executives,   but is also one of the hardest places for them to succeed,   according to a study released on Tuesday.
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Beijing is making a big push to market itself, similar to the way the U.S. promoted its culture and values during the cold war.
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China beckons stock investors with the lure of brisk economic growth. Yet a school of prominent China watchers, led by Morgan Stanley strategist  Andy Xie, warns that the domestic overheating could lead to a "hard landing" in sectors ranging from steel to real estate. The Chinese government, worried about that very thing, is trying to rein in the torrid expansion.
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Foreign nations are recruiting the country's best companies and universities to go overseas. Can they be won back?
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While audiences half way across the  world shower Chinese arthouse cinema with adulation and awards,  finding viewers at home can seem much harder.
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(InfoWorld) - China's software and IT services sector is on track to catch and exceed the U.K.'s output in as little as five years, according to a new report. China's strength comes from robust software engineering programs for students, according to Developing the Future 2007, a series of essays and reports on the U.K.'s IT industry. The country is also proving to be aÂ cheaper location than India, as software development costs in India are rising 15 to 20 percent, wrote Sally Ernst, chief executive of Sinocode International, an IT software outsourcing company, in the report. "All evidence points to ChinaÂ developing its own national software industryÂ even faster than was the case in India," Ernst wrote. About 40 percent of the U.K.'s gross domestic product is dependent on "knowledge-based" services, a terms encompassing financial and IT services. The report concludes that the U.K. will need to invest more in education and skills or face falling behind. China's 35 national training schools are graduating 800,000 software engineers annually from a population of 1.3 billion. By comparison, the U.K., with a population of about 60 million, turned out around 27,000 graduates with IT-related degrees in 2001, but that figure dropped to 14,700 in 2005. Adjusted for population, China still produces more than twice as many software engineers than the U.K. a year. The problem is that while software engineers have well-paid careers, U.K. "students see this world as filled with problematic stereotypes, career dead ends, and dull office work," wrote Peter McOwan, an academic at the University of London. However, much of the future prosperity of the U.K. depends upon the health and growth of the IT sector, the report said. The report was cosponsored by Microsoft, the British Computer Society, City University London, and Intellect, a U.K. high-tech trade group. Â
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Times remain tough for IT workers looking for jobs across the U.S., according to a new employment study of the IT marketplace.
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China&#39;s hike in interest rates was a double-edged sword for many investors and economists. At one level, it suggested that Chinese growth is
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Chinese nationals face increasing security risks overseas due to the country's growing global presence, a senior official was quoted as saying on Thursday.
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China's state sports system certainly has its critics but many of those who have benefited from it are convinced it remains the secret of their country's sporting success.
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Global competition can be a drag. It all but guarantees a steady stream of restructuring, outsourcing, and the nagging insecurity that comes from knowing someone out there may be trying to take your job.
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The UK must lure foreign talent if it is to compete with the growing economic challenge of countries such as India and China, the government warns.
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China is suffering from the most severe brain drain in the world, state media says.
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(InfoWorld) - Google will open a research and development center in Shanghai, stepping up its effort to build a bigger search business in China. Google hasÂ struggled in ChinaÂ to create the dominance it enjoys elsewhere in the world. It took 19 percent of the country's search market revenue in the first quarter, compared with 57 percent for market leader Baidu.com, according to Analysys International, a telecom research and consulting company. A spokeswoman for Google in China, Marsha Wang, confirmed the plans for an R&D lab Friday. She declined to say how many people it will employ or provide other details. Google and its U.S. rivals, Yahoo and Microsoft, haveÂ faced political difficulties in China, for agreeing to censor search results. In addition, their services are sometimes hard to access from inside the country. Yahoo's Flickr division said this week that its service was being blocked in China. Â
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Inspired in part by "American Idol," Chinese talent shows have captivated millions of viewers in the past two years &#151; and unnerved some Chinese officials.
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By Evan Osnos, Chicago Tribune  Jun. 3--BEIJING -- In the office after hours, the Chinese economic miracle didn't feel much like magic.   Spent cups of instant noodles lay in the trash can. Cubicles were empty for the night.
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(CBS/AP) Perhaps it has happened to you or someone you know: a job lost to a faceless competitor continents away, as part of the trend that has seen millions of jobs shift from the US to overseas in the past few years.