Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Acquisition
Chinese Economic
Final Report
Report by
David Ko
1501214117
Content
1. Chinese Governments Talent Plan
1.1
Introduction
1.2
Objectives
1.3
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right direction. However, the Chinese government needs to take additional steps to
attract foreign talent. By learning from U.S. enterprises, increasing visa support for
foreign workers, providing resources for spouses and dependents of foreigners, and
rebranding itself as a country, China can implement its development plan and transform
itself into a nation of skilled human capital, driven by innovation and creativity
1.2 Objectives
National Medium and Long-Term Talent Development Plan is a schematic
strategy to tackle emerging development problems and ensure China economic growth
in the future. The main goal of this program is Chinas transformation from
manufacturing center to world leader in innovation. This goal can be achieved by
increasing highly skilled workers to 180 million by 2020 (Huiyao, 2010). The talent
plan has five objectives that will be explained below.
1.2.1 Labor Intensive to Talent Rich
For the past 30 years, Chinas growth is driven by their cheap labor, making
China as central of assembling plant for big brands such as Apple, Nike, Adidas, etc.
However, as mentioned in background part, the cheap labor cannot long last anymore.
Aside of the aging population problem, the average annual manufacturing wage is
increasing (see Exhibit 1). Moreover, the increasing number of unemployed graduate
university in the future may become future burden if China still maintains the current
growth strategy. As consequences, China must change the growth strategy from labor
intensive driven to talent rich driven (Huiyao, 2010).
1.2.2 Made in Chin to Created in China
Many famous brands manufacture their products in China, however, Chinas
local companies have little acknowledge from global customers. According to survey
by Sarwar, et al (2013) in Malaysia, quality and price of Chinese products are factors
of Malaysian consumers conscious. As chinas labor cost is increasing, many
companies are moving to cheaper labor country, such as Indonesia, India, and Vietnam.
In order to maintain sustainable growth in the future, China needs to transform the
image of Made in China from cheap and low quality to Created in China reflecting
more creative, innovative, and higher quality products. To achieve this consumers
perception, China needs highly skilled talent to build innovative and creative country
(Huiyao, 2010).
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1.3.3 Entrepreneurs
Basic Qualifications for Candidate
Requirements for the program include that candidate must have a degree from
a university outside of China with experience of doing business abroad or are working
on a manager or senior positions in international companies at least 3 years(Thousand
Talents Plan, 2016).
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without worrying about the consequence of retribution if they fail. This strategy is also
integrated in another top corporation, Toyota. (Although not American, it shows how
great companies think in a similar fashion.). At Toyota, open communication is sought
and has made its culture tolerant of failure (Tekeuchi, Osno, Shimizu, 2008). Toyota
employees are not only allowed to voice contrarian opinions, they are also encouraged
to disobey their supervisors if situations require such measures (Tekeuchi et ali., 2008).
Such extreme measures may not be necessary. However, the underlying feedback
process is a critical mass to drive company innovation and profits. This openness and
tolerance are what makes such companies not only innovative but attractive for
prospective employees.
This then brings us to the question of how Chinese companies can attract highlyskilled foreign talent into their workforce. As previously mentioned, two factors that
attract talent in general are brand and corporate culture. It goes without saying that
incentive packages need to be competitive. This can be easily found by using industry
benchmarks. Besides, using this benchmark to lure foreign talent, it is also a viable
method to hire top domestic talent as well. Chinese companies must make good use of
its own domestic hires, focus on developing and equipping their first-hand resources
and simultaneously attract foreign talent. The tactical plan here should be to groom the
next generation of Chinese workers by leveraging the expertise of experienced foreign
workers. Therefore, Chinese companies, whether private or SOEs, need to allocate
resources to recruit and retain a labor force that will in turn help them become a brand.
Coupled with the expertise and experience of foreign talent, this domestic talent
development process can contribute in developing Chinese workers, who become a
knowledgeable, skilled workforce, contributing to the growth and development of the
brand.
In addition, corporate culture should become more open in terms of career
development and visible promotions. The Innovative Talent program is an initiative
that needs to be broadened through all industries. In particular, since the central
government is attempting to change China from an investing economy to a
consumption economy, the service sectors need foreign talent, especially from
developed countries, which are adept in these areas. Conferences in China on service
industries to draw experts and different companies may be a feasible source to connect
and network with such potential candidate.
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consider a number of factors. These factors are related to their family members under
the immigration package (see Exhibit 2). These are available resources for their family
members such as their spouses and dependents. No parent would want her children to
go without a good education. A collaboration of Chinese companies and local
governments can establish public international schools. There are many private
international schools. However, by establishing public international schools, the
Chinese government can provide sources for future talent recruitment and ease cultural
acceptance of foreigners living in China.
Often times, private international schools primarily consist of foreign students,
allowing minimal exposure for Chinese natives and foreign children opportunities to
interact and become culturally connected among each other. Public international
schools can address these issues. At the same time, providing a multi-cultural
educational perspective may contribute to societal adoption of foreigners within
Chinese society as Chinese students become accustomed to other foreign languages,
improve their English, and learn to collaborate with children of different backgrounds.
Furthermore, these public international schools can provide assistance with
language and culture, which are two challenges that any children may face. The U.S.
educational system can imbue some ideas that can be transferrable even into the Chinese
educational system. Many American public schools use the multicultural education
platform. According to Hanley (2012), this platforms objective is social change
through education. In a nutshell, with Americas diverse ethnic student population,
this social change is the integration of various cultures into an American culture. Some
use metaphors such as the salad bowl or even the melting pot. Ultimately, multicultural
education can be summed as a place for a multitude of voices in a multicultural society
and a place for many dreams (Hanley, 2012). It may be too excessive a goal; however,
the basic idea is that differences will not only be accepted but supported and encouraged
within Chinese society. This can be implemented through providing language and
cultural assistance programs for foreign children within the schools.
Similarly, this type of language and cultural assistance programs in public
international schools can be transposed into community centers, where spouses can
receive help to improve their language skills and cultural adaptations. These community
centers can also be social networks whereby spouses can find commonalities and
support to live in China. These networks can be emotional and social outlets through
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which spouses can feel at home away from home. These locations can be subsidized
by local governments with funding from the central government.
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to provide a platform such as a sporting event. Although there are ambivalent beneficial
results of hosting major sports competitions such as the Olympics; it is, nevertheless, a
channel through which many peoples of the world can visit a host country. Some
benefits include improved investor and consumer confidence and returns on investment
of infrastructures, not to mention job creation though temporary in nature
(Ponomarenko and Plekhanov, 2014). Despite the negativities of hosting sporting
tournaments, what they accomplish is the ability to open up a country for tourism,
country awareness, and an opportunity for foreigners to experience its cultures, foods,
arts, and exchanges with its peoples.
3. Conclusion
There are no easy and quick solutions to attract international talent to China.
However, Chinas initiative in its medium and long-term development plan is a tactical
and strategic beginning. Through providing subsidies, investments, and policy
directions, China will gain a foothold in the right direction. Its focus should center on
four areas: enterprises, visa support, educational and community assistance, and
country rebranding. A U.S. model of enterprise restructuring may provide incentives
not only to attract internationals but also domestic talent. Making the visa application
process more simplified and expeditious may overcome the bureaucratic process that is
generally prohibitive. Making educational and community resources available for
spouses and dependents of foreign talent may be a deciding factor of choice when
foreigners select their choice of destination for immigration or work abroad. Finally,
Chinas efforts to remake China into a Creative China may in the short-term be time
and capital exhaustive, but in the long-term a windfall that will help China become a
country that will no longer be known for cheap labor but will be recognized for
creativity and innovation.
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References
Anonymous. (2015). China to End One-Child Policy and Allow Two. BBC. Retrieved from
http://www.bbc.com/news/world-asia-34665539
Groth, Aimee. (2013). Googles Secret to Attracting the Best Talent in the World. Business
Insider. Retrieved from http://www.businessinsider.com/how-to-create-a-fearlessoffice-culture-2013-2
Hanley, Mary Stone. (2012). School of Education at Johns Hopkins University-The Scope of
Multicultural Education. Retrieved from
http://education.jhu.edu/PD/newhorizons/strategies/topics/multiculturaleducation/the-scope-of-multicultural-education/
Huiyao, Wang. (2010). Chinas National Talent Plan. Washington. Brookings. Online version:
http://robohub.org/wpcontent/uploads/2013/07/Brookings_China_1000_talent_Plan.pdf
Lewis, M. Paul, Gary F. Simons, and Charles D. Fennig (eds.). (2015). Ethnologue:
Languages of the World, Eighteenth edition. Dallas, Texas: SIL International. Online
version: http://www.ethnologue.com
Magnier, Mark. (2015). China Economic Growth Falls Below 7% for First Time Since 2009.
Retrieved from http://www.wsj.com/articles/china-economic-growth-falls-below-7for-first-time-since-2009-1445221368
Papademetriou, Demetrios G. and Sumption, Madeleine. (2013). Attracting and Selecting
from the Global Talent PoolPolicy Changes. Retrieved from
www.migrationpolicy.org
Ponomarenko, Olga and Plekhanov, Alexander. (2014). Economic Impact of the 2014 Sochi
Winter Olympics. European Bank for Reconstruction and Development. Retrieved
from http://www.ebrd.com/news/2014/economic-impact-of-the-2014-sochi-winterolympics.html
Sarwar, Abdullah, Azam, S.M. Ferdous, et.al. (2013). Customers Perception towards Buying
Chinese Products: An Empirical Investigation in Malaysia. Malaysia: World Applied
Sciences Journal. Retrieved from
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.388.2029&rep=rep1&type=
pdf
Sharme, Yojana. (2014). What Do You Do With Millions Of Extra Graduates. Retrieved from
http://www.bbc.com/news/business-28062071
Takeuchi, Hirotaka, Osno, Emi & Shimizu, Norihiko. (June 2008). Contradictions that Drive
Toyotas Success.
Harvard
Business Review.
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from
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APPENDIX
Exhibit 1
Exhibit 2
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Exhibit 3
Visa Category
Eligible Applicants
Foreign crew members of means of international transportation,
including aircraft, trains and ships, or motor vehicle drivers
F
G
J1
J2
activities.
Foreigners who are family members* of Chinese citizens or of
foreigners with Chinese permanent residence and intend to go to
Q1
Q2
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S1
S2
X1
X2
Z
* Family members refer to spouses, parents, sons, daughters, spouses of sons or daughters,
brothers, sisters, grandparents, grandsons, granddaughters and parents-in-law.
** Check out detailed visa requirements for a child born in the U. S. to a Chinese parent.
Source: china-embassy.org
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