BOSTON (TheStreet) -- NBA players may soon follow the lead of a growing number of Americans looking for work in China.With the upcoming basketball season jeopardized by an expiring collective bargaining agreement, several NBA superstars -- among them Dwyane Wade and Carmelo Anthony -- have said they would consider playing for Chinese teams, which have been growing an increasingly rabid fan base.
|While unemployment lingers in the U.S., some are looking to China for work.|
Adapting to local customs can be just as challenging as the logistics of moving there for a transplanted worker. Similar to Japan, there is a ritualistic nature to rules of etiquette and even to business cards -- they should be printed with English on one side, Chinese on the other; always presented and received with two hands; and momentarily studied before being carefully tucked away. English is not as much a barrier, but interpreting subtext is crucial, given China's stoic traditions. Hierarchy and one's place in the "food chain" of a company can dictate nearly all interactions, and direct confrontation is considered impolite. The website The Middle Kingdom, run by expatriates Matt and Kara Banker as a resource for those planning to live or work in China, offers a rundown of some of the common types of visas China requires of all working foreigners. The "Z" visa is for those working for an established company in China and are tied to that workplace. Businesses are issued a limited number, which typically cover only full-time employees. A Z-Dependent visa is available for a spouse and children. The "F" visa covers foreign experts in China temporarily to work on a specified project. Transportation, if walking or biking doesn't meet your needs, has to be addressed. "Purchasing a car in Beijing has become much more problematic in the last year," says Matt Banker, who moved to Beijing to be the youth director at an international church. "To get a car you will need to win the license plate lottery, about a 1-in-5 chance, then you can purchase a car for about two to three times the cost of what you would pay in America. You'll also need to pass the written driver's license test, since China doesn't recognize foreign licenses."
Despite the demand for foreign workers, the job market pendulum could eventually swing back toward America. Within the next five years, the U.S. is expected to experience a "manufacturing renaissance" as the wage gap with China shrinks, proposes a recent analysis by Boston Consulting Group, a global management consulting firm. With U.S. wages stagnating while Chinese wages rise at about 17% per year and the value of the yuan continues to increase, the gap between U.S. and Chinese wages is narrowing rapidly. "All over China, wages are climbing at 15% to 20% a year because of the supply-and-demand imbalance for skilled labor," says Harold Sirkin, a BCG senior partner. "We expect net labor costs for manufacturing in China and the U.S. to converge by around 2015. As a result of the changing economics, you're going to see a lot more products 'Made in the USA' in the next five years." As the wage gap shrinks, once inventory and shipping costs are considered, China's advantage may be minimal at best, BCG says. It predicts that products that require less labor, such as household appliances and construction equipment, are most likely to shift to U.S. production. Goods that are labor-intensive and produced in high volumes, such as textiles, apparel and TVs, will likely continue to be made overseas. That trend may already be revealing itself. NCR has flipped production of its ATMs back to domestic soil and toy manufacturer Wham-O last year returned 50% of its Frisbee production and Hula Hoop production from China and Mexico to the U.S. -- Written by Joe Mont in Boston. >To contact the writer of this article, click here: Joe Mont.