Posts tagged ‘Acceptable use policy’

14/05/2015

Chinese firms give thousands of employees free trips in Thailand, France[1]- Chinadaily.com.cn

Two Chinese direct-sales companies made global headlines recently for taking thousands of employees on all-paid tour to separate foreign destinations – Thailand and France.

Chinese firms give thousands of employees free trips in Thailand, France

Both firms, Infinitus and Tiens, are among the top direct-sellers in terms of sales on the Chinese mainland, following international giants like Amway of the United States and Perfect China of Malaysia.

Infinitus (China) Ltd, a Hong Kong-based company that specializes in health care, skin care and household products, recently took its 12,700 employees on a six-night package to Bangkok and Pattaya in Thailand, the Bangkok Post reported on Wednesday.

They are set to travel in groups of 2,000-3,000 each from May 10-26, spending three nights in Bangkok and another three in Pattaya – at four- to five-star hotels. The first group arrived there on Sunday, said the newspaper citing the Tourism Authority of Thailand (TAT).

TAT acting governor Juthaporn Rerngronasa said the company’s incentive tour, a boost to the country’s low-season market, is expected to generate around 600 million baht ($17.9 million) in Thailand’s tourism revenue this year.

China has been Thailand’s biggest source of tourists over the past few years, with expectations of six million arrivals from the country this year, according to media reports citing Kasian Watanachaopisut, president of the Thai-Chinese Tourism Alliance Association.

via Chinese firms give thousands of employees free trips in Thailand, France[1]- Chinadaily.com.cn.

21/03/2015

China’s Coming Education Crisis – China Real Time Report – WSJ

Yao Xinyu, founder of a popular software hosting service called GitCafe, opted not to attend college because he felt he could do a better job teaching himself what he needed to be successful in the real world.

His parents disapproved but he stuck to his guns, studied on his own and built the successful startup after attracting 3 million yuan in capital from Greenwood Asset Management in late 2013. The 24-year old doesn’t see much chance that colleges in China will change to better meet the shifting needs of China’s economy, he said, since demand is high, their business model is profitable and there’s little incentive to adapt.

“I just decided I knew how to develop my own career,” he added.

One the knottiest problems China faces as its economy slows is a mismatch between people’s education levels and the needs of an economy increasingly reliant on technology and innovation, the Organization of Economic Cooperation and Development said Friday in a report on China.

China’s productivity is decelerating and it’s important to reverse this “worrisome” trend given the nation’s rapidly aging population and the related prospect of slower rates of savings and investment, the Paris-based organization said.

“The knowledge taught and skills nurtured at school do not sufficiently match labor market needs,” it said. “Workplace training-based vocational education arrangements are woefully inadequate.”

While China has aggressively stepped up its spending on research, this isn’t translating sufficiently into innovation, the 34-member OECD said. China’s spending on research and development hit 2% of gross domestic product in 2013, which is above the European Union average, and has set a target of 2.5% of GDP by 2020. But innovation remains weak as measured by international patenting and trademark registration, the report said. “And the bulk of university research is not relevant for business,” the OECD said.

Many of China’s past gains in productivity were related to capital, but the country’s future focus should be on the economic benefits of better trained workers, said Angel Gurria, secretary general of the Paris-based group. “Productivity, productivity, productivity, it’s not a choice, it’s a must,” he said. “Without it, China’s not going to be able to continue growing at this cruising speed.”

China has targeted economic growth of 7% this year, a reduction from last year’s 7.4% which was its slowest pace in nearly a quarter century.

via China’s Coming Education Crisis – China Real Time Report – WSJ.

16/12/2014

China jails businesswoman in railway graft case for 20 years | Reuters

A court in China sentenced a well-known businesswoman to 20 years in jail for corruption on Tuesday, saying the woman with ties to a disgraced former railways minister was guilty of bribery and illegally running a business.

Ding Yuxin, also known as Ding Shumiao, helped 23 businesses win railway construction contracts and funnelled 49 million yuan (£5 million) worth of kickbacks to former railways minister Liu Zhijun, state media has previously reported.

She also “offered sexual favours to Liu by arranging an unidentified number of women for him”, the official China Daily reported last year.

In a brief statement on its microblog, a Beijing court said the evidence in the case against her was clear, ordering she also pay a fine of 2.5 billion yuan and have assets worth 20 million yuan confiscated.

It gave no other details.

via China jails businesswoman in railway graft case for 20 years | Reuters.

Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India