According to the agencies, Top 3 American giant carmakers would reduce their plans in China. Since the financial bailout fails to rescue the US big three manufacturers, unfortunately, the automobile parts export would be severely influenced by the shrink of the US big three, GM, Chrysler and Ford. Suppose that the orders may decline in the following seasons, the massive employees in the automobile parts companies might be axed and the laid-off workers do not have enough money to purchase in domestic market. And the depression of the domestic market would trigger more problems to manufacturing fields. Above are contributed to a vicious circle, which means the American financial problem has brought the negative effects to Chinese manufacturing and the influence will go on in the following several months or longer.
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Popularity: 3% [?]
automobile, Domestic market, export, Financial tsunami
What can we see from the photo above? There are a large crowd of university graduates hunting for the jobs in the job fairs. This photo has been used as the cover picture by many mainstream new agencies in China, such as China Daily, China Youth Daily and Yangtze Evening Post. More than 60 thousand universities graduates rushed into the Nan
jing International Exposition Center and the destination of them are the same.
As the global financial crisis has influenced the national economy, a large number of the enterprises have axed their employees or canceled the plan of campus recruitment. Even if the student elites, who has got the offer from the prominent invest bank JP Morgan and Morgan Stanley, have been informed that their entrance time is postponed. The elites have to wait for another year to be in positions, let alone the NEETs (not employment, not education or job training) group. And for the graduates who have expected to be employed by the Fortune Global 500 or NEETs, it is also difficult to start their new life. As the peak of the expansion of higher education, there are more new grads than ever before. Read more…
Popularity: 3% [?]
China, Financial tsunami, Job fair, Job hunting
Maybe there are millions of TV stations worldwide broadcasting the G20 Summit these days. And there is no doubt that most people in developed countries focusing on what overtures would be put forward during the Summit.
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Popularity: 5% [?]
APEC, China, Financial tsunami, G20, Outsourcing
