On June 1st 2009, Timothy Geithner, who would be in China on his 3-day maiden trip as the US Treasury Secretary, paid an official visit to Peking University, and delivered a speech entitled “The United States and China: Cooperating for Recovery and Growth” in the National School of Development (NSD). Accompanying with him also included other senior officials in the Treasury and the US Embassy in China.

On behalf of Peking University, as well as the NSD, Dean Zhou Qiren hosted the event and extended his most sincere welcome for Secretary Geithner’s return to the campus as an alumnus of Peking University where he studied Chinese in a language program in the early 1980s.

Professor Zhou also mentioned that Peter F. Geithner, the Secretary’s father, who took a leading position in the Ford Foundation, has provided financial assistance to the China Center for Economic Research, antecedent of the NSD, in its initial stage. The audience, mainly students and faculty members of the university, burst into a lasting and appreciating applaud for this.

One of the major objectives of Geithner’s visit is to pave way for the upcoming Sino-US Strategic and Economic Dialogue in Washington D.C. this summer and to participate in economic discussions with top officials in China in the coming days. It is generally seen as the first direct contact in the area of economics between the new Obama administration and the Chinese government.

In his speech, Geithner touched upon a series of topics including the current challenges and risks facing the US and the rest of the world, the urgency and necessity of laying the foundation for future growth, his prediction of the trends of economic cooperation between China and the US, and the importance of the international financial reform.

A reoccurring note of emphasis in Geithner’s speech was that a concerted cooperation between China and the US was vital to the recovery and growth of the US economy and the rest of the world. China’s booming economy and its increasing influence in the global forum, he suggested, has put it “in an enviably strong position” in the present global financial crisis.

A “positive, cooperative, and comprehensive relationship” was in the mutual interest of both countries who, when acted together, could “help shape a strong global strategy to contain the crisis and to lay the foundation for recovery," said Geithner.

He told the audience that, due to the prompt efforts by the Obama administration, initial signs of improvement were shown and “the global recession seems to be losing force”.

The consumer spending in the US would “be restrained for some time”, though confidence began to restore. He suggested that China continue to restructure its economy and make efforts to boost the domestic demand, which, he said, would strengthen its ability to “weather fluctuations in global supply and demand”. And it was beneficial to both countries because a strengthened domestic demand meant a more powerful engine for China’s GDP growth as well as “a tremendous opportunity for U.S. firms and workers”.

Both China and the US were facing similar domestic challenges, as Geithner suggested that reforms in the health care system, education, infrastructure and energy efficiency were all on their priority lists to boost the production capacity.

The treasury chief made special emphasis on the necessity to undergo “a comprehensive health care reform that will bring down the growth in health care costs,” which have been the principal driver of the long run fiscal deficit for the US. This was partly meant to reassure China of the safety of its huge amounts of holdings of the dollar-denominated assets for the fiscal deficit of the US continued to build up.

In regard to the huge bank bailout packages, which occupied another considerable portion of the fiscal deficits, Geithner maintained that they “have been careful to set the economic term” for the financial institutions which needed the money, in order to “minimize risk to the taxpayer and to allow for an orderly exit or unwinding as soon as conditions permit”.

He said that China could learn a lesson from the shortcomings of the US “which have proved so damaging in the present crisis”. But, on the other hand, its “exceptional capacity to adapt and innovate and to channel capital for investment in new technologies and innovative companies” should be preserved and could be seen as a role model of a highly efficient capital market.

Geithner proposed that "an ambitious program of reform of the IMF" was on the way to reshape its functions and capacity to play a more important role in global financial surveillance. The US was intended to pump $500 billion into the IMF and would "fully support having China play a role ...that is commensurate with China's importance in the global economy". 

His speech also included a variety of heated subjects such as a more flexible exchange rate being beneficial to China’s restructuring its economy, an open environment for trade and investment, new energy policies to counteract the climate change, etc.

In the Q & A session, Mr. Geithner accepted and elaborated on a couple of questions raised by students and faculty members of Peking University on a broad range of topics. He was impressed by the depth and variety of these questions which, for some, were quite thought-provoking and challenging for him.

After the speech, President Wu Zhipan of Peking University presented a special gift to Geithner, which, quite unexpected to him, was a precious photo taken 28 years ago when he was studying in Beida. Ms Fu Min, his former Chinese teacher, was also there and they had a happy and warm reunion which had moved everyone present.

About NSD:
The National School of Develop at Peking University, formerly called CCER and set up in 1994, is an academic think tank which focuses on tackling with important issues and policies vital for the overall well-being of China’s economy.

For a Chinese translation of Geithner’s speech in full length, please refer to
http://www.ccer.edu.cn/cn/ReadNews.asp?NewsID=10163

Job Description:
1.Identifies, and initiate AP region’s short and long-term business strategies.
Develop a long term (5 year) strategy based on analysis of market/ competition/ business performance
2.Monitor sales figures and progress of strategy implementation daily or weekly or monthly
3.Facilitate implementation of strategic plans on schedule, and involve in the execution, if needed
4.Support top managements of AP
a)By providing proper information of market opportunities/ risks, competition, and potential solutions in timely manners
b)By holding conferences or make reports for the monitoring and facilitating weekly or bi-weekly or monthly
5.Define M&A opportunities and implement
6.Covering regions: China, India, Japan, Korea, South East Asia (including HK, and Taiwan)

Job Qualifications:
1.Fluent in Chinese and English
2.Passion for Excellence: Commitment to and responsibility for his/ her own work
3.Interpersonal skill:
a)Since members of AP Strategy & Synergy team have to communicate with people who have various backgrounds and nationalities of AP region, the capacity of understanding and cooperating with them is indispensable.
b)Since the most of the jobs in the team is team project based, each member should have team spirit.
4.Logical thinking & Problem solving skill: Thinking capability to find best solution in vague market/ competition environment.
5.Broad and in-depth perspective on the business and market, especially on construction equipment's
6.Mobility
a)The team has many occasions to go to business trip, mostly within China and to India and Singapore
b)Since strategy Head Quarter is located in Charlotte, U.S., members of the team should not have any disqualification to go business trip to U.S.
7.Bachelors degree is a minimum (a high level of academic performance is preferred)

Position 2 
Position Title: IT Account & Operations Manager – A well-known America-based FMCG company
Location：    BJ             
Number of students:      1          
Job Description:
Team management and development:
Build a high performing and highly engaged team of approx 10-12 associates / contractors
Line Manage and develop 3 Z7 managers.
IT Account Management:
Be seen as the face of  IS within the business unit and is the key contact for General Managers and S&F heads for multi-sales markets (HK/Taiwan) and for departmental managers in China.
Ensures that all IT services delivered to the business units meet agreed quality and service levels
Seen as an expert in IT, demonstrating clear understanding of the problems and opportunities for business change.
Work closely with the business to define requirements for new/existing solutions and facilitate the interactions with relevant regional/global IS teams.
IT Operations management:
Accountable for the deployment, operations and continuous improvement of unit specific applications
Accountable for the deployment and operations of local site infrastructure
Ensure that relevant service level agreements are in place, and that SLAs are being consistently met for local applications and infrastructure.
Application of ITIL methodology to improve the overall application and infrastructure support within the site teams.
Financial Planning & Management
Responsible for planning and on-going management of an IT Budget of  $2m USD (Running costs and CAB).
Maintain visibility of the overall IT costs for the units ($10m USD) and ensure that costs are billed within agreed funding levels
Hub Development
Be active member of the Beijing Hub Management team and contribute to the overall development of the Hub by leading cross-functional initiatives
Provide visible leadership, mentoring and coaching to develop leadership pipeline of Beijing based associates, act as a role model

Job Qualifications:
Strong IT or engineering background
Strong Analytical skills
Project Management experience
Demonstrated ability to be a self-starter, take initiative/ownership and be proactive
Ability to work effectively in a flexible, changing and challenging environment, manage multiple activities and priorities and work well under pressure
Good business process understanding of FMCG (Fast Moving Consumer Goods) industry
Ability to build strong network within the business and IS organization
Strong organizational and communication skills
Ability to work and influence senior managers within
Demonstrated team management experience including remote management skills
Good English Language skills are mandatory
Travel will be required within China and the region

Position 3 
Title: Regional Director
Location:    BJ            
Number of students:      1       
Job Description:
Responsible for the overall management in the target region
Report to National Product VP
Facilitate the growth of the product in the region
Enhance brand image

Job Qualifications:
Love education and culture industry
Has entrepreneur spirit with passion
Good with people
Love to work in a multicultural environment
Trustworthy, presentable and persistent
A problem solver
Bachelor degree or above, MBA preferred
Smart, logic-thinking, self-motivated and a team player
Good English communication skill

For application, please send resume to career@bimba.edu.cn with subject of position title.

On April 29th 2009, Tun Dr Mahathir Bin Mohamad, former Prime Minister of Malaysia, with his wife Ton Dr Siti Hasmah Mohamed Ali as well as other officials from Malaysia, visited Peking University and the National School of Development (NSD) and delivered a speech, entitled “The Global Financial Crisis of the 21st Century -- Lessons for Asia”, to the students and faculty members of the university at CCER.

His Excellency Tun Dr Mahathir Bin Mohamad, one of Asia's longest-serving leaders, had held 22 years term in office before his retirement in 2003. On behalf of Peking University, Executive Vice President Wu Zhipan extended his warmest welcome to Dr Mahathir for his visit to the university and greatly admired the achievements His Excellency had made in turning Malaysia into a prosperous regional hub during his administration. Professor Yao Yang, Deputy Dean of NSD, also gave a sincere welcome remark and hosted the event.

In his 40-minute speech Dr Mahathir shares his views to the students and faculty members in regard to the rationale underpinnings of several global and regional financial crises and the implications of the failure of western financial systems to Asian countries.

Dr Mahathir attributed the major cause of the financial failures, currently prevailed the western world, to a lack of government regulation in banking activities. Dr Mahathir referred to it as a "systemic failure", which could be traced back as early as in the 1700s when governments all over the world used fiat money to replace gold. Over-issuing of paper money resulted in too much currency in circulation beyond governments' control. Led by "greed and too much power" being given, as Mahathir put it, banks could easily evade government supervision and abuse the financial system.

Thus, in the US case, it led to the collapse of the sub-prime loans, which in turn pulled down not only the banks but also the insurance companies like AIG and the mortgage companies like Fannie Mae and Freddie Mac. Facing enormous loss and inability to balance their accounts, banks resorted to government bailouts which, sadly, had proven to be far from adequate to cover up the whole amounts.

Dr Mahathir went on to maintain that "Asia must not accept western ideas and systems without critical examination". He suggested that "Asians should actively promote their own systems" if they found what was proposed by western countries not suitable to their needs. He cited Malaysian government’s example as a proven success during the 1997-98 Asian financial crisis by dismissing the impractical advices given by IMF then and alternatively controlling the exchange rates, which later enabled Malaysia to recover much quickly than the other East Asian countries.

Dr Mahathir concluded in his speech that the European financial system is far from perfect and that "Asians have the same capacity to think and innovate" in devising their own economic policies. They should, after hearing and considering suggestions from others, be prepared to "put up and defend their proposals for the world financial and economic reforms" as well.

After the speech, Dr Mahathir also answered students’ questions. His eloquence in speech and charisma as an influential Asian leader has left great impression to everyone present. Malaysia and China has maintained an enduring friendly relationship and Dr Mahathir has long been a good friend of the Chinese people. There are 40 Malaysian students presently studying in Peking University, said President Wu Zhipan.

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Self-motivated, creative, good at analysis and induction, and willing to take risk. I believe that the combination of government experiences and systematical knowledge of business management will add value for your company.

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Last 4-year market/sales working experience, from a professional export representative to a sales manager in charge of both domestic and overseas business, from lunching export market based in China to promoting products located in Africa, developed my outstanding adaptability, strategic thinking, and strong abilities in driving for problem analysis and solving under complex conditions, and exhibited my ability in team leading and interpersonal communication. I have always been mentioned as a mature, confident and helpful individual with strong responsibility and execution ability.
1-year study life in BiMBA enriches my knowledge, makes me deeply rethink the passed experience, and further improves my effective communication and multiple perspectives.
I am seeking a bright opportunity to develop my long-term career in a company with international background.

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Before coming to BiMBA, I have worked for seven years in telecommunication industry. And a wealth of working experience and strong technical background have  strengthened my great capability of observation and analysis of problems, and also made me more sophisticated and matured.
 
During the study period in BiMBA, I not only have learned a great deal of knowledge related with management and finance, but also gotten to know a lot of classmates from different working backgrounds. Mutual communication, mutual understanding, and mutual respects made us become very good friends. Then, we learned a lot of unknown things before from one another, which help us open minds and widen our visions in problem analysis and settlement.

I am at BIMBA as I always wanted to do this Masters Program and further improve my financial and management skills.  In addition, I also wanted to live in Beijing and form a wider local network of friends within China and understand the working environemnt in China better.  I had previously worked for Goldman Sachs in HK in the Private Wealth Division focusing on sales.  I enjoy sales tremendously and I hope to add value to my future employer.

I’m driven to bring a unique international approach and knowledge of emerging markets to maximize brand awareness and business implementation for multinational companies operating and leading in China.
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- Strong Leadership capability and people skills with track record of leading a successful team;
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