The University of Minnesota recently opened its first international office in Beijing. The grand opening was attended by key University leaders and faculty, University partners from Minnesota and China, University alumni from Beijing and beyond, and other distinguished guests including education officials from China.

East Asia’s rebound from the economic downturn has been surprisingly swift and very welcome. A year ago, exports and industrial production fell sharply across the region, layoffs were on the rise, and capital flowed out weakening asset prices and currencies.

Minnesota’s manufactured exports totaled US$3.6 billion in the second quarter of 2009. The state’s exports decreased 19 percent between the second quarters of 2008 and 2009. U.S. exports fell by 26 percent in the same period.

Xuan Wu Group International Holding Company, Inc., (XNWU.PK), a processor of ballast and limestone, [announced] that it has signed a letter of intent with the National Development Venture Capital Co., Ltd. of Jiangsu Province, People's Republic of China, to provide equity financing of 25.08 million Rmb or approximately US$3.7 million.

Over 65 local business people and students attended the US China Business Connections (UCBC) monthly meeting held at the Metropolitan Community and Technical College on Wednesday, Oct. 7, 2009.   Rodney Hiel, Managing Director of Asia Business Consulting, delivered “Selling to China - Marketing Strategies for Today's Economy”. 

By Chen Si

The social and economic evolution of China over the past 60 years has brought many changes to how Chinese people view work, and the personal matter of selecting an occupation or calling. Initially, occupations fell into a kind of scale, rising from initial positions as workers and servicemen, to businessmen, entertainers and intellectuals. In more recent years, the social and technological advances of the new economy have increased the demand for skilled and creative work, new and transferred technical specialties, and emerging public service roles. A so-called "good job," based on purely political and social factors, is a notion that has had to move over as Chinese people enjoy more freedom of choice. Multiple standards, including economic factors, now carve out the territory of work worth doing. Options in career paths have never been greater.

The October breakfast meeting of US-China Business Connections (UCBC) will feature Rodney Hiel, Managing Director of Asia Business Consulting, who will present Selling to China - Marketing Strategies for Today's Economy.

The U.S. Commercial Service in China recently released a “China Business Handbook,” a resource guide for doing business in the People’s Republic of China.

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CHINAINSIGHT (CI) is published monthly ((except July/August and November/December are combined) by China Insight, Inc., an independent, privately owned company started in 2001 and headquartered in the Twin Cities area of Minnesota.

CHINAINSIGHT is the only English-language American newspaper to focus exclusively on connections between the United States and the People’s Republic of China (PRC).

Our goal is to develop a mutual understanding of each other’s cultures and business environments and to foster U.S.-China cultural and business harmony.