IIMs' tryst with Chinese: Mandarin emerges as popular course at IIMs

santosh10

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IIMs' tryst with Chinese: Mandarin emerges as popular course at IIMs

BANGALORE/NEW DELHI: As India plays catch-up with its bigger Asian neighbour China, Mandarin has emerged as a popular course at some of the IIMs. One of them, IIM Bangalore (IIMB), says Indian students cannot afford to be left behind as the two countries compete in every sphere of economic activity. "Realisation has dawned that our future business lies with China and we cannot be left behind if we have to make a mark on the world economic stage," said professor S Swaminathan who teaches Business Chinese — Language Course at IIM-B. :china:

The Chinese business course helps students carry out day-to-day conversations on a vocabulary base of 550 words. The teaching lays stress on pronunciation of syllables as Chinese is a tonal language and is taught through the medium of PINYIN (Romanised way of learning Chinese). "The onus is on India to compete with China in every sphere of economic activity. We have a lot to learn from the Chinese module of economic growth and become really competitive in world business activity. :china: In fact, neighboring countries like Pakistan, Bangladesh, Sri Lanka and Myanmar have more Chinese participation in their respective economies, whereas we have been slow," said the professor.

Spoken Chinese (Mandarin) was first introduced for the batch of 2011-2013 in the second year. It is a letter-grading course, where the professor uses 'Excellent', 'Good' and 'Unsatisfactory'. Scores are added to the student's CGPA (Cumulative Grade Point Average).

Around 44 students from the 2013 batch opted for Mandarin, said Swaminathan, out of a class of 381. This year's numbers are not available as the second year students (batch 2012-2014) are yet to pick their 5th semester electives. IIM Ahmedabad, too, has included Mandarin in the 5th semester but a response from the institute is awaited. IIM Calcutta has begun offering Mandarin in the last two years along with courses in French, Spanish or German. Students are awarded a certificate of completion on clearing tests and a final exam, but no scores are added to the CGPA. In the last three years, IIM Calcutta has seen its peak batch sizes doubling from 40-45 three years ago to 80-85 in January 2013 for foreign languages.

NOT MANY TAKERS

But not all IIMs agree that introducing a language course as an elective will have many takers. Specially, if it is a language like Mandarin which is tough to learn, forget master. "During a downturn, a student would rather take another marketing or finance course than a language course as an elective. In 30 hours, one cannot learn Mandarin which requires learning how to speak, write and read to gain enough fluency, unlike many Western languages," said G Venkat Raman, professor, business ethics at IIM Kozhikode who learnt Mandarin from Peking University a few years ago.

Two years ago, he floated the idea of a course titled 'Doing Business In Emerging Markets — Insights from China' but it had no takers. But IIM Bangalore justifies the course saying software professionals, engineering graduates and businessmen looking to improve business opportunities have started learning Chinese. "Month-on-month, the trade traffic between India and China has been growing steadily and appreciably. Hence the need to effectively communicate in Chinese," said Swaminathan.

Knowing a language helps during placements — the final goal for many students. Vinod Babu Sangana, a student of IIM Indore, had taken up French for a year, although it was not part of his curriculum. He got placed with Capgemini as a senior consultant and says it will help him during his onsite operations. "In the interview, I was asked how well versed I am with the language and how much I can interact in it," said Sangana.

Some of the IIMs have attempted tie-ups with colleges in China through student exchange programmes. For its one-year executive MBA programme, IIM Shillong has formed an alliance with Ocean University China though a programme called "Understanding China — Business and Culture". :thumb: For companies, a candidate knowing a foreign language is always a plus. "At Bain, a working knowledge of the relevant foreign language can indeed be a big leg-up for a consultant to succeed away from his or her home market," said Nikhil Prasad Ojha, a consulting partner who oversees HR for Bain India.

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santosh10

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China to train 300 Indian teachers in Mandarin

China will train 300 Indian teachers in Mandarin Chinese under a first-of-its-kind initiative to lay the groundwork for more than 100 Central Board of Secondary Education (CBSE) schools to introduce courses of the language.

The Chinese government has offered to cover the expenses, including flight tickets, living costs and tuition, for the 300 Indian teachers to undergo six months of training in top Chinese universities, according to a Memorandum of Understanding (MoU) signed between the CBSE and the Chinese government on Friday.

The MoU proposes exchanges of academic staff, teachers and students. Under the agreement, China will also help India develop its Mandarin Chinese language curriculum and provide educational materials. :tup:

The training will pave the way for the CBSE to begin offering Mandarin Chinese courses in select schools.:cheers:

A recent survey conducted to gauge the level of interest found that more than 500 schools were interested in offering Chinese classes.

India’s Ambassador to China S. Jaishankar described the agreement as one of “exceptional and long-term significance.”

“If Indian school students are provided opportunities to learn Mandarin,” he said, “their understanding and appreciation of China and its culture will grow enormously. We will truly be shaping the thinking of future generations.”

“This agreement is a great event in Chinese education,” said Xu Lin, Director General of the National Office for Teaching Chinese as a Foreign Language, or Hanban, which also runs China’s global Confucius Institutes programme. “It may take more than 20 years to promote the Chinese language in India. We will work with patience, confidence and perseverance in the next 20 years.”

While the CBSE is keen to train the teachers in a six month-long crash course, Chinese officials have expressed concern that the training programme is too short. “We need at least two years to give them training,” Ms. Xu said, “but the CBSE says it wants a six-month programme. The teachers will have to be on a very tight teaching schedule. Maybe they won’t have time to go shopping or to even sleep!”

Ms. Xu is also the Chief Executive of the Confucius Institute Headquarters, which oversees the 380 institutes China has set up at the university level in 180 countries under a global “soft power” push.

She said China was keen to support any Indian university that was interested in hosting a Confucius Institute. Two earlier initiatives to host institutes at the Jawaharlal Nehru University and at the Vellore Institute of Technology have stalled. In the first case, procedural differences between JNU and its Chinese partner university, Peking University, derailed the plans after long discussions. VIT runs a smaller language study centre after it faced difficulties in hiring Chinese language teachers. Manipal University in Karnataka, which is keen to open the first ever Indian campus in China, is also in talks with the Hanban to open what would be India’s first full-fledged Confucius Institute.

“I hope the existing two Confucius Institutes in India can play an important role for teaching Chinese and to introduce Chinese culture,” Ms. Xu said to a question from The Hindu about the status of the two initiatives, acknowledging that “a lack of teachers” was a problem. “We will do our best to cooperate with the Indian Embassy to send as many teachers as we can,” she said. “If other Indian universities want to host Confucius Institutes, we will do our best [to help] because we see BRICS countries as a priority.” :cheers:

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santosh10

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Its now widely accepted that Indian kids would have more commands on the Mandarin, along with English as this language is still not dead yet........

the news do confirm the growing awareness in world about Mandarin, as the world is really changing :coffee:
 

santosh10

New Member
Most Common Languages
(Including second language speakers)

Total Chinese: 1, 343, 755 000 :china:

Hindi: 487, 000 000

English: 508, 000 000

Spanish: 417, 000 000

Bengali/Bangla: 211 000 000

Portuguese: 191 000 000

Russian: 277 000 000 :tup:

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santosh10

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Yuan outperforms euro, becomes 2nd most popular trade finance currency
December 05, 2013

The yuan has replaced the euro to become the second most widely used currency in global trade in 2013, according to the SWIFT network responsible for international financial transactions. :cheers:

The share of the yuan in global trade finance has jumped from 1.89 percent in January 2012 to 8.66 percent in the form of letters of credit and collections in October 2013, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) data shows. :coffee:

The share of trade settlements in the euro fell from 7.87 percent to 6.64 percent in the same period. The US dollar still leads with 81.08 percent of foreign trade payments using the American currency in October.

The most active yuan users are Chinese and Hong Kong companies which account for about 80 percent of the total foreign trade operations in the yuan. The remaining 20 percent is spread among Singapore (12%), Germany (2%), Australia (2%) and other countries (4%). :coffee:

"The renminbi is clearly a top currency for trade finance globally and even more so in Asia," Franck de Praetere, SWIFT’s Singapore-based head of payments and trade markets for Asia Pacific, commented in a statement.

“I think it is more to do with using China as a carry trade – people want to get their money into China,” says Nick Verdi, Asia FX strategist at Barclays. “With global interest rates so low, China really is the only place where you can get such a large carry. Trade finance is one of the key avenues to take advantage of that.”

According to SWIFT, in October the yuan remained the world’s 12th most popular means of payment, its share decreased to 0.84 per cent from 0.86 per cent in September. Even though value of payments grew by 1.5% for the month, payments in all currencies rose by 4.6%

Hong Kong, the largest yuan hub outside China, has accumulated a record 782 billion yuan ($128 billion) in October. The same month the UK’s Chancellor George Osborne announced plans to make London an offshore banking center for the yuan.

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santosh10

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as u can see what 81% means!!

damn thats too too much:rolleyes2:

LOOK, US$ is traditionally used World currency, as this is how the business is done in today's world. but even if you find 10%+ business being done in Yuan, then its simply means that any type of instability in US$ may easily help Yuan replace it.....

and remember the time of 2008 to 2010, when US$ was heavily unstable w.r.t. to other currencies and it was the time when many countries, along with China wanted to find an alternative of US$. and the way we now find Yuan gaining proper platform in world trade, i think, it may easily gain the 50% market if US$ gets unstable this time, similar to the period of 2008-2010 it had. and yes China does have as much foreign reserve that it may keep Yuan stable, as the world currency :coffee:
 

santosh10

New Member
IIMs' tryst with Chinese: Mandarin emerges as popular course at IIMs

IIM is business oriented and China is the surging economy.

Mandarin is a tonal language. :coffee:

Eg A very common example used to illustrate the use of tones in Chinese are the four tones of Standard Chinese applied to the syllable "ma."


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hmmmmmm, sir, IIM are business oriented, and businesses are growing in China with the fastest pace. and whether its an interesting language or not, we are discussing another 'Colonial Language' and yes Mandarin is also one of them

and this is how business of China is growing, a first cut look on them. even if their high tech business has a portion of imported parts too, have a look on their high tech export business as compare to USA, for example...... and this data for China might be well over $600billion+ by 2013

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and this is how patents are being done, and we hope China to get the first spot within just few years from now. a time is very closed when western firms would now start copying Chinese techs :)

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