China’s consumer boom has also created a boom in trafficking in personal data. US business information firm Dun & Bradstreet reportedly was fined RMB1m and had four of its Chinese employees jailed earlier this year for buying the personal data of Chinese citizens. (continue reading…)
Still think China is a cheap place to do business? Think again. US businesses operating in China complain that getting — and keeping — talented employees is their biggest headache and this is reflected in soaring wage inflation. (continue reading…)
EngagingChina has always hoped that China would one day realise that its policy of aggressively stimulating its export-led economy would end in tears if pursued indefinitely. It looks like that day has arrived. (continue reading…)
Virtually every western manufacturer that has facilities or suppliers in China has been drawn there by one overriding goal– to make things cheaper.
But how much longer can Low Cost China continue to gain height as a business model?
Business is booming for Foxconn, the controversial hi-tech contract manufacturer that supplies Apple.
It plans to expand its facilities in China by opening a high-tech manufacturing facility in south China’s island province of Hainan. The Taiwanese firm’s existing facilities in China are all on the mainland in cities such as Shenzhen and Chengdu.
This story will run and run. Allegations of poor working conditions at the Chinese factories that build Apple’s iPads and iPhones have been made on a number of ocasions. But the latest set of acusations, broadcast on US public radio show This American Life in January, have been questioned and the show has retracted the episode, called “Mr Daisey and the Apple Factory”. (continue reading…)