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Old August 15th, 2012 #1
Alex Linder
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Default China

CHARTS: China Is Replacing Its Workforce With Robots

Max Nisen | Aug. 15, 2012

Credit Suisse is out with a massive report on the growth of industrial automation. Yesterday we highlighted their favorite seven stocks in the sector.

The most interesting part of the report points out that China appears to be nearing an inflection point that we've already seen in Japan and Korea called the 'Lewis Turning Point'.

Those countries once relied on cheap rural labor to fuel their economies, then reached a point where it dried up, and began to automate.

China's manual labor force is rapidly declining as the population ages and more people go to school. That trend, and government programs, are pushing up wages. In order to remain competitive, the country is going to have to invest an incredible amount in modernizing its industries.

The size of China, and the fact that it is only now beginning to ramp up its transformation means that there is enormous room for growth.

The great infrastructure boom in China might be slowing, but the automation boom is just starting.

http://www.businessinsider.com/credi...on-boom-2012-8
 
Old December 8th, 2012 #2
jaekel
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Default China is on the decline

They could be worse than us.
They have a huge buildup of unsold goods:
http://www.nytimes.com/2012/08/24/bu...anted=all&_r=0
They also build empty cities just to keep their economy going, and the bubble is close to busting:
http://www.dailymail.co.uk/news/arti...ely-empty.html

Fuck the chinks!
 
Old December 11th, 2012 #3
Itz_molecular
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Just wait ,until the Chinese discover that they can produce weapons in those
factories . With 100's of millions to man those weapons, they can sweep all
of Asia, then .....................
 
Old December 12th, 2012 #4
jaekel
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Quote:
Originally Posted by Itz_molecular View Post
Just wait ,until the Chinese discover that they can produce weapons in those
factories . With 100's of millions to man those weapons, they can sweep all
of Asia, then .....................
Then we can nuke them!!
 
Old December 14th, 2012 #5
Itz_molecular
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China has many nuclear weapons, third in the world.

China has been preparing for a nuclear exchange for 30 years.

They have massive underground shelters and underground storage .

"when China wakes up, the world will shake" Napoleon
 
Old January 31st, 2013 #6
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jewsign Unemployed Americans Jumping Ship For Work In China

Thousands of American companies that have relocated to Mexico or China have taken some of their employees with them. The only requirements are that they learn Spanish or Mandarin and take a cut in pay. Mexico and China are offering amnesty to the 11 million Americans who have entered their country illegally. They are being swamped with the unemployed from the US and Canada who are willing to work for survivable wages.
 
Old August 20th, 2016 #7
Jack Robertson
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jewsign oriental racism

Both the Chinese and Japanese believe that they are superior races. They don't really feel like they should hide it. Japan thought it was it's destiny to conquer the world then went it didn't work for them they whined like bitches about the "inhumanity" of America. They were crazed fanatics and their suicidal insanity that included their own civilian population convinced the US government that using nukes was actually the most humane solution. They then decided to prove their superiority by rigging their economy to wage an economic war against America and it worked because collaborators and traitors in the US helped them but ultimately it was revealed for what it was and it collapsed. If the USA and the EU were to stand up to China it would fall to pieces pretty quickly. But the traitors in western governments have to much to lose.
 
Old January 11th, 2022 #8
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Goldman Sachs seeks to hire more than 400 employees in China, Hong Kong

May 17, 2021·4 min read

Goldman Sachs is hiring more than 400 employees in mainland China and Hong Kong, the latest foreign bank to seek to further expand its presence in the world's second-biggest economy, according to a person familiar with the matter.

The American bank has filled or is in the process of filling 320 positions, including 70 in its investment bank, according to the person, who was not authorised to discuss the matter publicly. It plans to add another 100 staff before the end of 2021, the person said.

Goldman declined to comment on its hiring plans on Monday.

Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.

The hiring spree was reported earlier on Monday by Bloomberg.

Goldman's hiring push comes as foreign lenders are racing to take full control of their mainland China joint ventures and seek new licences to sell directly to mainland consumers as Beijing further opens up parts of its financial sector, including asset management, insurance and securities.

In December, Goldman reached an agreement with its Chinese partner Beijing Gao Hua Securities to take 100 per cent control of its mainland joint venture, Goldman Sachs Gao Hua. It is waiting on final approval from regulators to complete the deal.

The joint venture was started in 2004, but Goldman has operated in the Chinese capital markets since the 1990s.

In December, David Solomon, Goldman's CEO, said taking full control of the joint venture represented a "significant commitment" by the bank to its China business.


Goldman Sachs CEO David Solomon during a television interview at the World Economic Forum in 2019. Under Solomon's leadership, the American bank is expanding its presence in mainland China and Hong Kong.

"This focuses on growing and strengthening our existing China businesses, expanding our addressable market and investing in talent and technology," Solomon said in an internal memo at the time.

Goldman employed 40,500 people at the end of last year, with 28 per cent of its staff in Asia, according to its annual report.

Asia accounted for 14 per cent of Goldman's revenue in 2020, or US$6.2 billion, and 3 per cent of its pre-tax profit, or US$419 million.

Hoping to take advantage of rising incomes and future growth in China, financial services companies, from banks to asset managers, are rapidly expanding their boots on the ground and increasing control over their existing partnerships in the mainland, particularly in the Greater Bay Area.

HSBC, one of Hong Kong's three currency-issuing lenders, is on track to hire more than 1,000 frontline staff in its wealth management business in Asia this year, as part of a US$6 billion investment in the region.

Credit Suisse plans to triple its headcount in China over the next three years, while JPMorgan Chase took a 71 per cent ownership stake in its mainland securities joint venture in November. Morgan Stanley and UBS are other major banks looking to take full ownership of their securities operations in China.

Standard Chartered said in March it wants to triple its income from the bay area over the next five years and plans to increase its headcount in the mainland Chinese cities in the zone from 1,400 to 2,500 by 2023.

Citigroup said in March it plans to hire up to 1,700 people across its businesses in Hong Kong as it seeks to tap increasing capital flows between the city and mainland China and target rising wealth in the bay area. It also is seeking a licence later this year to open a new wholly owned domestic securities business in China.

DBS, Singapore's biggest bank and a rival to HSBC, said in April it planned to buy a 13 per cent stake in Shenzhen Rural Commercial Bank and was opening to increasing its stake in the future.

https://finance.yahoo.com/news/goldm...093000188.html
 
Old January 11th, 2022 #9
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Goldman Sachs extends foothold in China as it takes ownership of joint venture

October 18, 2021 11:56 AM GMT+2

Goldman Sachs Group Inc. won approval to take 100% ownership of its securities joint venture in China, a key step to expand in the country even as growing political tension and a Beijing-led crackdown on the private sector has ratcheted up risks.

The move gives the firm free rein to pursue a clearer growth strategy that includes doubling its workforce in China to 600 and ramping up in asset and wealth management. The U.S. bank has already added 116 staff onshore this year, boosting the total to more than 400, a spokesman said.

Global banks are pushing to gain a bigger foothold as China’s market opens, jostling to capture a share of billions of dollars in potential profits. The approval from China Securities Regulatory Commission means the end of its 17-year joint venture with Chinese banker Fang Fenglei, who set up Gao Hua Securities with a loan from Goldman in 2004.

This “marks the start of a new chapter” for the China business and “will enable us to position our firm for long-term growth and success in this market under one wholly-owned entity,” the bank’s top executives, David Solomon, John Waldron, and Stephen Scherr, said in an internal memo.

The announcement comes amid rising tension between China and the U.S., with sanctions being imposed on some Chinese officials and restrictions on investments. Some U.S. lawmakers have questioned the push by big banks into China, which is counting on investments to help transform its export-led economy. Beijing has also been cracking down on broad swathes of its private sector, roiling markets and prompting prominent investors such as George Soros to warn against investing in China.

Goldman is the second Wall Street firm to be granted full ownership of its onshore securities operations. The approval came about 10 months after it signed an agreement with its partner to take full control. It took the firm 7 months to win a nod in March 2020 to boost its stake in the venture to 51% from 33%.

Goldman had been competing to become the inaugural Wall Street bank with full control onshore with JPMorgan Chase & Co., which received its approval two months ago.

With China’s go-ahead, the bank now owns all its operations across Asia-Pacific. In 2011, Goldman Sachs began acquiring the remaining 55% of an Australian venture with JBWere Ltd., after holding minority stake since 2003. The U.S. bank started its own financial services firm in India in 2006, after ending a 10-year brokerage alliance with Indian billionaire Uday Kotak.

https://fortune.com/2021/10/18/goldm...joint-venture/
 
Old July 20th, 2022 #10
Hugo Böse
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Shattered and gone, completely irreparable, The Chinese Dream is now nothing but an actual dream...

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