IRC Recruitment - China

Celia Wee, Consulting Director, HR Partners (China): Till the end of June 2008, China Foreign exchange reserves rise to 1.8 trillion USD. The sum of money is higher than G7’s (USA, Japan, UK, Germany, France, Canada and Italy) total reserve amounts. Hot money squeezes into China capital market drive CPI on a high level meanwhile US dollar with Chinese currency Yuan exchange rate is 1: 7 and Chinese Yuan appreciation will continue.

China economy bubble will burst? A new round Asia financial storm will come again? Nobody will have immediate answers to these questions.

1.3 billion China population and millions of graduated students provide a giant talent pool. Made in China products, coupled with the competitive labor cost, leading Chinese go into a new economy era. Hot job market competition will continuously attract overseas Chinese talents back to China as there’s inadequate supply of local talents to cope with the demand.

China has been booming, WTO, 2008 Olympic game and 2010 World Expo open the China windows for global fortunes.