Tag Archives: Finance

Fobulous trends: Mandarin classes in Liberia

I’ve always said the romance languages are way overrated, and the language to learn is actually Chinese.  Well, looks like locals in Liberia are moving in the right direction–at least in my fobby opinion.  The newest trend in this West African country seems to be Mandarin classes.

It only makes sense, though.  China has a huge role in the economic development of this war-torn country, from rebuilding roads with funding from the World Bank, to running hotels and restaurants.  And naturally, Liberians are realizing increasingly that Mandarin is a necessity.

Liberia Chinese Class

“Traditionally, we Liberians are closer to the Americans than we are to the Chinese, but the irony is that the Chinese are more open to us than the Americans are,” 57-year-old John K. Cooper, who works for a local youth development center, and is one of 15 students in the Mandarin class that began this week, told AP.

“Americans know and have technologies, but they are not yet ready to bring them to Africa. The Chinese are doing just that,” he added.

In fact, the Chinese firm China Union recently became Liberia’s largest investor ever.  China Union signed a $2.6 billion agreement earlier this year to go into the iron ore business in a town about 30 miles north of Monrovia.  Africa’s trade with China reached more than $100 billion in 2008 and has multiplied by 10 since 2001, according to the African Economic Outlook.

I’m telling ya, everyone needs some Mandarin skillz…

Suzie

Link (thanks Ed @ehoa)

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Chinese bankers count cash at superhuman speed

You know those machines at the bank that can count a huge stack of bills in mere seconds?  Well, check out China’s human version.  Featured on CCTV, these incredible individuals are “both fast and accurate” in their ability to count money, newspapers, and stamp envelopes at superhuman speed.  Crazy!

Suzie

(Thanks to my pops for sending me this fobulous video!)

Gang jailed after “lucky 8” license plate battle

This week in Beijing, five men were jailed and fined after a violent fight over a license plate containing the lucky number “8888.”  The incident happened last year when plate number “8888” was about to be issued.  The men, following orders from their ringleader who wanted the plate, used knives and clubs to attack people who came near a machine issuing license plates at Beijing’s vehicle registration center.  Several were injured, one even seriously hurt.

license plate

Any Chinese fob knows that the Chinese word for “eight” sounds like the word for “to make money.” Ironically, each perpetrator was punished with an order to pay $8k.  Guess the number wasn’t so lucky after all.

Suzie

Link

Jobless in US find new life in China: An interview with my brother in Beijing

Looks like my younger brother, Duncan, isn’t the only one who found a job in China after being laid off in the US.  My dad recently forwarded me a great NY Times article about young professionals like my bro who, jobless here, have moved to China and found not just employment but an often accelerated career path.

Still, it’s not necessarily an easy journey, as my brother will attest.  To get his perspective on the experience, I interviewed him over Skype.  He gave some really great advice (and pictures!)… so read on!

Where are you right now?  How long have you been there?
I’m in Beijing.  I’m living in An Ding Men, it’s pretty central in Beijing.  I arrived June 1st, so it’s just over two months.

beijing1

What went into your decision to go to China?
I was working in the US for an engineering consulting company, ITG, as a contractor.  They were going to give me a full time position and promotion to manage the company’s relationship with Caterpillar.  Then the economy tanked.  They didn’t extend my contract.  My visa was going to end.  I did job searches, but I couldn’t find anything.  It was complicated because I needed a company to sponsor me.

So, I applied to AbroadChina, which is specifically for US newly grads.  They have summer programs, but they also have a young professionals program, and also an MBA program.  The main reason why I applied through them was because I tried searching on my own on online search sites, and got one or two replies, but for most of them my Chinese proficiency wasn’t good enough.  Abroad China has connections with companies who understand that the interns don’t have Chinese proficiency, but are willing to learn.

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How much did that cost?  Was it worth it?
It cost about US$2,600.  It was worth it, I wouldn’t have found the paid internship on my own.  They made the transition easier–they did my visa, they found an apartment for me, they set up my bank account in China.  I would have struggled doing it, but having them made the transition easier.  For the internship I got, I’m lucky, because I would pursue this industry seriously.  I’m really interested in this industry.

Did you know Mandarin when you went there?  How about now?
I had a private teacher through high school for four years, but my Chinese was pretty broke [laughs].  I took one year of Chinese in college, but when I got here, my Chinese was pretty broke.

I wanted to take Chinese classes here, too, but my work schedule is pretty busy.  But the good thing is… some of my coworkers were really enthusiastic about meeting up with me for lunch and dinner, so I really built those relationships and got conversation partners through them.  I just use Rosetta Stone now because I don’t have time for formal classes.  My Chinese is still pretty bad, but I can get around now.

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What company do you work for over there?
adSage is the company that hired me for the paid internship.

I heard you got a promotion already.  How did that happen?
I’m now working for MeshTop, another division of the parent company, SagesGroup.   Another Project Manager heard that I was from the US and spoke English well, and he wanted me to review his software, the MeshTop software.  I was reading blogs, keeping up with the industry, so along with my English revisions, I gave critiques on functionality.  The project manager was impressed with my suggestions and asked me to be their Social Media Marketing Manager and I’ll start working at his office next week.

Is it true, like the NY Times article said, that working in China allowed you to “skip a rung or two on the career ladder?”
The ladder is a lot flatter in China.  I went from Intern to Search Marketing Analyst, to Social Media Marketing Manager, and now, to Public Relations and Marketing Manager.  I’m technically still an intern, but the responsibilities have exponentially increased.

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What does the job market in Beijing look like right now, from your perspective?
It seems good.  I don’t have any data to back up that statement, but my apartment mate, Alex, works for a Swiss-French law firm and told me they’ve hired one person per month.  They’ve seen exponential growth, so their partner is thinking of opening branches in Hong Kong and Shanghai.  But that’s just one law firm.

I heard Shanghai is spending a lot for the Expo, revamping the whole city.  Businesses and the government are spending money, it seems.

But it’s already gotten a lot harder for foreign expats, because there’s just so many of us now.  Being a foreigner isn’t as a big of a selling point as it used to be.  It’s still hard.

So what’s Beijing like?
It’s crazy.  People speak weird.  The “Bei Jing wer” is so weird [laughs].  It’s the slang they use.  It’s confusing.

beijing2

What’s the hardest thing to get used to?
I think the hardest thing was ordering food.  I didn’t know how to order anything all for the first month.  I felt so helpless.  I had to go to places like McDonalds. Each mealtime I was like, “Dangit, now I have to find somewhere.”  It was not a fun time.  At work it was fine because my coworkers were there.  But on weekends it was hard—I had to go to places with pictures or numbers [laughs].  And those places charge like 25 kuai (US$3.65) a meal, which isn’t a lot in US standards, but the places I could go to now, its like 10 kuai (US$1.50) a meal.  I also had some stomach problems, not sure if it was the water or what, but I’ve lost like five pounds.

beijing7

Any advice for people in the US who are unemployed and thinking of making the jump to the fobby motherland?
There are opportunities here. I think the biggest advice is to not get bubbled off into expat communities.  There’s a huge expat community.   I would have missed out on a lot of friendships with local people that are long-lasting.  The expat community is so transient, people come people go.  Maybe that’s fine for people who just come here to get their feet wet, but in my case, I’m glad I got connected to the local friends I have here.

To read more on Duncan’s experience in China, check out his blog on Social Media and SEO in Beijing.  Thanks, Dunks!

Suzie

Japanese robots get no love in down economy

Even robots are losing their jobs these days.  In Japan, industrial production has slowed by 40 percent, forcing investments for robot innovation to take a backseat.  Factory robots sit idly, waiting for the next order of products.  And even though they are cool and creative, luxury robots like a $4000-robotic-feeding-arm have become an impractical luxury.

Still, what I wouldn’t give to get one of these guys to tackle the seriously overwhelming mountain of dishes in my kitchen sink:

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For the full article, check out the NY Times article and slideshow.

Suzie