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Marketplace Morning Report

Venture capital is no longer where the green tech grows

Oct 17, 2019

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Marketplace

Jennifer Pak

Correspondent, China

SHORT BIO

I tell stories about the world's second-largest economy and how America is connected to it.

What was your first job?

First unpaid job: mascot for the Canadian Red Cross as Bloody the Blood Drop at a football game. First paid job: at a mall making and selling cinnamon rolls for Cinnzeo, the Canadian equivalent of Cinnabon.

What do you think is the hardest part of your job that no one knows?

The hardest thing is persuading potential interviewees in China to speak to us. We have to explain that we are not out to get them in trouble with the Chinese government, that we don't pay for interviews nor do we accept payments for positive coverage.

What advice do you wish someone had given you before you started this career?

Be somewhat physically fit. You never know when you'd have to run from a mob situation, run from a flood scare while carrying heavy equipment or avoid government minders.

Fill in the blank: Money can’t buy you happiness, but it can buy you ______.

A pair of comfy walking shoes, a hot shower and a good mattress.

Latest Stories from Jennifer (82)

China 70

The lucky migrant workers who get to retire in Beijing

by Jennifer Pak Oct 4, 2019
While many people move away from the countryside for work, few of them are able to officially register in the cities.
A man sells dream catchers in Beijing. Few migrant workers from the countryside can stay in the city long term.
Photo courtesy of Shanghai 808 Studio
China 70

China's struggling shoe components suppliers contemplate their futures

by Jennifer Pak Oct 4, 2019
Three shoe component suppliers discuss the U.S.-China trade war and the changes they have seen in the last few decades.
A shoe heel manufacturer in southern China's Dongguan city exports mainly to the U.S.
Shanghai 808 Studio
China 70

The people who connect the China and U.S. markets

by Jennifer Pak Oct 4, 2019
Darren Quon and James Gau worked in manufacturing before moving into the business of consulting and sourcing.
Skyline of Dongguan city, a manufacturing hub.
Charles Zhang/Marketplace
China 70

The Chinese manufacturers behind U.S. shoe brands

by Jennifer Pak Oct 3, 2019
Shoe manufacturing shifted from Europe and the U.S., to Japan and Brazil, then to South Korea and Taiwan. Now, much of it takes place in mainland China.
Workers at Changjian Shoe factory in Dongguan city.
Charles Zhang/Marketplace
China 70

The children of Chinese factory workers

by Jennifer Pak Oct 2, 2019
As part of a series on Communist China’s 70th anniversary, Marketplace’s China correspondent Jennifer Pak and Shanghai bureau news assistant, Charles Zhang, spoke to people in the country’s shoe industry – the world’s biggest – about their achievements and challenges over…
Hu Maolin was left in the care of his grandmother when he was two years old, while his parents worked in the cities.
Photo courtesy of Shanghai 808 Studio
China 70

The Chinese workers who make your shoes

by Jennifer Pak Oct 2, 2019
China makes almost 70% of the shoes imported into the U.S.
Most people who produce goods for the U.S. come from China's poor countryside.
Photo courtesy of Shanghai 808 Studio

How Chinese consumers are coping with tariffs on U.S. goods

by Jennifer Pak Sep 19, 2019
Some Chinese consumers are buying less and others are buying local.
A customer shops for clothing at a mall in Beijing in January 2019.
Nicolas Asfouri/AFP/Getty Images

More Chinese students studying abroad return to China

by Jennifer Pak Aug 27, 2019
In 2017 and 2018 some one million students studying abroad returned to China.
Prince Jiang left his life in Indiana to become the first certified Lego professional builder in mainland China.
Courtesy of Prince Jiang

What it's like to live on an average wage in Shanghai

by Jennifer Pak Jul 18, 2019
China's official inflation is still under 3%, but residents complain that the cost of living in the financial hub of Shanghai just keeps getting higher.
Workers on a lunch break in Shanghai. According to the job site, Zhaopin, the average worker spends 20 yuan ($2.90) or less per lunch. Convenience stores like this one are one of the few places that offer cheap meals in office areas.
Charles Zhang/Marketplace

On punishing schedules, China's tech workers are exhausted

by Jennifer Pak Jul 10, 2019
China's tech sector is built on the backs of hard working employees who are often expected to work 12-hour days at a minimum. Some workers are starting to push back.
A Chinese tech firm showcases its facial recognition security equipment at the Consumer Electronics Show in Shanghai June 2019. The success of these companies is partly built on the backs of workers putting in extreme overtime.
Charles Zhang/Marketplace