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The worldwide financial crisis has attracted foreign talents towards job opportunities in mainland China. However, people in China fear this might put local talents at a disadvantage.
Our reporter Zhao Kun has the story.
From March this year, the marketing manager of head-hunting company Risfond in Beijing, Huang Xiaoping, has received a constantly growing number of phone calls from overseas. Some are foreigners but most are Chinese, all eager to land jobs in the mainland and stave off impacts from the financial crisis.
Act 1, Huang Xiaoping, male, Chinese
"Before the financial tumble in America, our company usually received 3 to 5 overseas consulting calls every day. But after that, the number hit 10 on average a day."
Another head-hunter in Beijing, Dowell Join, estimates the number of overseas professionals coming into the job market in China will rise by at least 20% this year. Ren Jun is general manager of the company. He says the large influx of foreign talents will provide more recruiting choices for local companies as well as Chinese head hunters.
Act 2, Ren Jun, male, Chinese
"Some head hunters take the influx as a great opportunity for business expansion. In the past, they didn't have access to those high-level professionals in financial industries in Europe and America. Now they are given the chance to contact them and connect them with Chinese enterprises."
However, many Chinese worry that foreign job-seekers may put local talents at a disadvantage. Over the surging anxiety, Huan Xiaoping offers his opinion:
Act 3, Huang Xiaoping, male, Chinese
"HR personnel will by no means give you the offer merely by your overseas experience or a higher degree. It is the working capacity that comes first. Admittedly, some companies are prone to recruit overseas talents for their language proficiency and the international business vision. However, those talents may also be eliminated for the lack of the knowledge on the local markets."
Fan Chao is an MBA student at the China and Europe International Business School in Shanghai and will graduate in spring 2009. His job-hunting hasn't been much affected by the financial crisis:
Act 4, Fan Chao, male, Chinese
"There are some changes since the financial crisis broke out. But it is still a far cry from an obvious trend. Perhaps that is because Chinese students are exposed to more information from the job market here."
Jimmy Grossmann is from Belgium and is pursuing an MBA at the same school. He hopes to work in the financial industry in China upon graduation and believes in spite of the worldwide financial turmoil, the country still provides the best opportunities, even for foreigners in the job market.
Act 5, Jimmy Grossmann, male, English
"I feel that China hasn't been much impacted or as much impacted in the finance industry in the rest of the world. However, I'm a little cautious and I realized there is strong competition. Perhaps it will be more difficult to get hired. I'm going to wait and see what happens. Nothing is over yet. There is no reason to shun from moving into finance."
He says as long as the country develops, there are still good opportunities for him to find a job since many areas in China are waiting for development. This means a colossal potential market is ready to be tapped into.
Act 6, Jimmy Grossmann, male, English
"Currently I'm living in Shanghai. But the second and third-layered cities are developing into bigger consumer markets. More international companies are willing to settle there. The country is far from stopping to grow."
Jimmy has also put Chinese learning on his agenda, aiming at improving his competitiveness. By the exact result of the financial tsunami on the job market is yet to be known.
For China Drive, I'm Zhao Kun.