A possible exception lies in the rise of Huawei, the emerging global telecommunication equipment company. The rise of Huawei represents a milestone for China’s industrial development, and it clearly is a source of pride among Chinese. The "ideal" employer index reflects that. Chinese engineering students ranked Huawei ahead of Google and second only to Apple.
Lenovo was also high on their list. Chinese engineers I met in Beijing genuinely admire both Huawei and Lenovo as companies with technological prowess. Curiously, they don’t seem to think much of ZTE, China’s other telecom equipment giant. Some say that ZTE’s product quality isn’t up Huawei's while others simply don’t think much of ZTE.
The rankings also reveal the great leaps forward made by Baidu, China’s top search engine company, and Tencent (QQ), China’s largest instant messaging service provider. The latter made Chinese students' top 20 choices for the first time. This illustrates both the rapid growth of China's Internet industry and how Internet service companies there are adding fresh features and progressing at a breakneck pace.
In fact, the rate of progress in service offerings among Chinese Internet companies is something nearly every Chinese executive I met talks about to illustrate the potential of Chinese technology innovation.
At first, I didn't get it. It's because the plain fact is that government policy has discouraged the use of Western social media sites such as Facebook and Twitter, leaving little room for U.S.-based Internet service companies to grow in China. Jian-Yue Pan, corporate vice president for the Asia Pacific region at Synopsys, disagreed. “None of the multinational Internet social sites including eBay, match.com and Amazon [none of which are banned] has succeeded in China thus far because they lack the speed in implementing changes.”
He added: “Chinese Internet service companies thrive on quick decisions. Based on the instantaneous feedback they get from their local users, local guys can make a change overnight. Meanwhile, for multinational Internet companies, it takes them three months."
Auto makers were also listed as favored employers by Chinese students, including Volkswagen Group (Audi and Porsche) and FAW Group, China's state-owned manufacturer of cars, buses, light, medium, and heavy-duty trucks and auto parts. The automobile has fast become a status symbol for China's growing middle class, and China's engineering grads view working for car makers as a good career move.
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