Good article! 626 is the area code for the San Gabriel Valley, that has a huge amount of ethnic Chinese in it. I basically live and grew up in the 626 area. My business is in the 626 area code, and my house is a couple of blocks from 626 - Rowland Heights is split between the 626 and 909 area codes.
Asian American youth culture is coming of age in 'the 626' - LA Times San Gabriel Valley locals celebrate the
'fusion lifestyle' they're forging. It draws on U.S. hip-hop and Chinese
dialects, includes Instagram and pho. Boba is a must.
Hint for being culturally sensitive, do not at work get into a discussion with a Taiwanese, about how they area really Chinese. It may often lead to an argument.
The comments has a thread going on being Taiwanese vs. Chinese.
The example in the article seems to be for a US company selling US properties targeting Chinese? It's not clear. Sounds like a good niche, but there are a couple of other companies already doing this.
One ethnic Chinese business owner I know in the US is so paranoid about getting kidnaped. So much that none of his employees knows where he lives, and he has a couple of hundred employees. From Africa, one of the items Chinese gangsters were accused of was kidnapping.
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Smart to test the market in Hong Kong via e-Commerce, but Hong Kong is not China. Sounds like they are testing the market by having their clothes in a local high end department store. It will be interesting to see how they do. I have seen so many companies go into China, with no clue on how to succeed.
No surprise, Gu Kailai was found guilty, and escaped the death penalty.
The question is, what long term impact will this drama have on Chinese politics?
Gu Kailai spared death for Neil Heywood murder - The Telegraph Gu Kailai, the wife of disgraced Chinese politician Bo Xilai was spared execution for the murder of British businessman Neil Heywood after a court ruled that a "mental disorder" meant she was unable to "control her behaviour".
Anti-Japan protests across China over islands dispute
Worrisome.
I wonder if these happened so fast, that the Chinese government was unable to keep them small. Extreme nationalism in China, is also seen as a danger by the Chinese leadership.
Great article that discusses how the cost of robotic manufacturing, is coming very close to that of using people. And this is also happening in China, where Foxconn, the assembler of the Apple iPhone is going to install more than a million robots in China.
Interesting question, since Foxconn is China's largest employer, what happens when they employ less people? There will be more jobs for higher educated workers.
And yes, I remember the big push 20 years ago with GM and robotics, that was a disaster and actually increased cost. The problem with robots, is they are not suited for all jobs and need to be used for the right type of jobs. In the last 20 years, there have been huge advances in robots which has enabled them to do more delicate work. I would not be surprised if soon, they can even debone chickens, which is done manually currently since each chicken is a bit different. Skilled Work, Without the Worker - NY Times
I must be reading the same articles as Via Meadia :-)
Great write up about how a Chinese company exported some cars to Australia, which had asbestos parts in them.
Great quote: Prospective buyers initially receive impressive samples of goods, and shoddier ones well after the contract is signed (the company itself claims that the shipment of flawed cars was accidental, but few are buying this explanation).
Quality fade works for a short time deal, but with the Internet and reviews, it's company suicide in the West.
I have mixed feelings on Colleges feeling the need to have a Chief Marketing Officer. Every interaction with a is driven by marketing IMHO. But do you need a $200,000 person at a Chief Officer level to do this? Why can't a Marketing Manager do this? But with colleges charging $50,000 a year, there is a need to justify this huge cost. But, it may also be part of why colleges just keep on increasing their tuition to ridiculous levels. It reminds me of the marketing for luxury items, and are colleges luxuries?
$250,000 and you too can go to a private school for a once in a lifetime experience and get an amazing name attached to you for the rest of your life! And if you get student loans, you can be in debt for another decades! I agree with the idea that your total college cost should be equal to your first year salary. In Texas they are working on a $10,000 degree fora four year degree, and as a parent, I support this. Think what a family could do with the $240,000 they save? The cost is part of the reason my daughter is going to a state school, and will have no student loans when she graduates. My wife and I feel strongly, this is one of the best gifts we will ever give her.
A question or two about the wisdom of buying struggling Western companies
One view, that China is mkaing bad decisions to buy struggling companies in the US. My view is only time will tell. It may be like the purchase of VHS Technology, that lead to the dominance of Japanese companies for Video Recorders. The technology was originally developed in the US.
My house was burglarized over a year ago and reading how Steve Job's house was burglarized brought back memories. The sentimental value of what was stolen from my house still hurts. This reminds me, I need to go add tracking software to my computers, sigh.
I was surprised at the age of the accused, 35. And in Palo Alto, there was a 63% increase in burglaries. I have noticed around my house, almost every house has a burglar alarm now. And my guess is every Asian house has a burglar alarm.
The London Games have sparked debates in China about everything from
the country’s obsession with winning to its victim mentality. Melinda
Liu and Paul Mooney on the lessons learned.
Gabby Douglas’s mother declared bankruptcy. Ryan Lochte’s family faces
foreclosure on their home. Years of spending huge sums, with little
outside assistance, to prepare their kids to become Olympic heroes
leaves many U.S. families on the brink of financial disaster.
Did you know? -- The
Chinese word for "father" sounds like 8-8, thus
Chinese Father's Day is celebrated on August 8. And why you see lots of Chinese having phone numbers and license plates with 8's in them. ChildBook's for example, 626-810-2088b - it was even better when the area code was 818 :-)
The politics are interesting, but what is more interesting the $ amounts involved. It would double the current amount of Chinese investment in the US. $4.7 Billion was invested by China last year, and the solar generating plant would be about $5 Billion.
Interesting quote: “China has had a history of
undernutrition followed by the most rapid increase in obesity and
related diseases worldwide,” said Barry M. Popkin, Ph.D., W.R. Kenan Jr.
Distinguished Professor of Nutrition and a co-author of the study.
“Given the current picture, we can expect tremendous health burden in
China in the coming years.
My family has a history of diabetes, so I know a bit about Diabetes. My Father was diagnosed as diabetic at age 21. Diabetes risk seems to be a combination of genetics, diet, exercise, age, and something else.
A new term - Sea Weed! Refers to a person who went overseas for college, and returns.
I thought this comment was interesting: Chinese employers know exactly who they want - someone who will do as they are told but not for much money," Ms Wang says.
