Chairman of Alcoa: Foreign companies are no longer the first choice for young Chinese employment

Klaus Kleinfeld, chairman and chief executive officer of Alcoa, said in a sub-forum on the theme of “China's business environment under change” in the 2014 Summer Davos Forum, now foreign companies are no longer China. The first choice for young people to work should make the distribution of talents more balanced.

Kleinfeld is a China Pass. He said that when he came to China more than a decade ago, he could not find too many students in colleges and universities to communicate freely in English. But now he has come to China and has a large number of Young people communicate with him in fluent English.

On the other hand, he found that in the past ten years, the first choice for young people's employment is no longer to go to foreign companies to learn more international advanced experience, but to go to state-owned enterprises, because the development of state-owned enterprises is more space.

According to Kfide, in essence, state-owned enterprise reform should be given to various market players, but now more attention is given to opportunities for equal competition. In the dialogue with Chinese Premier Li Keqiang the day before, Li Keqiang also emphasized the balanced development of the economy.

"You can't let a state-owned enterprise be a big one, you should let talents choose freely. For the imbalance of talent distribution, China can do better in the future," Kfide said.

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