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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: Elroy Jetson who wrote (598)1/7/2018 12:25:34 AM
From: elmatador  Read Replies (1) of 13800
 
Compare the Chinese case below with how Westerners did:

The westerners were not as hungry and willing (besides being much more informed and knew foreign languages) to work abroad as the Chinese. They needed higher incentives.

They contracts were shorter. They could bring families. The accommodations were better. They gone on holidays more often. And they spent more money in the country they were in. They got a local salary and complied with the labor and tax laws.

The Chinese use different deals. Give you a real example from Angola:
One African friend of the government knows about a big project.
He auctions these projects to the Chinese construction companies to highest bid. The one that pays the highest % take the project.

Knowing that since 2008 when the Chinese decade ended the Chinese construction companies did not have work in China, there were many construction companies eager to get into a deal with the amigo of the government I mentioned above. Of course that 2% came from the salaries of the workers that went to Angola.

Give you another case. Huawei Angola was caught in the net of the anti-corruption efforts of Huawei to stump corruption activities. One construction company wanting fiber works complained at the HQ that the local Huawei Chinese were asking for a % in order to give them work. "Astute" as you know...

The contracts were awarded not based on best price but based on who paid the highest % of kickbacks.

They made a deep investigating an fired people to clean up Huawei Angola.
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