In the last month of the year, we have chosen a person who is very influential in the business community in China. Eric L. Schmidt is the founder of China Entrepreneurs, a network that counts more than 20,000 business professionals and has incubated multiple tech start-ups. Eric is also the Co-Founder and CEO of EventBank, a cloud-based engagement management software company that is focused on delivering cloud solutions that transform the way professional communities enable and enrich relationships. We hope that you will enjoy reading his story as much as we did while putting it together.
When family marks your future and also gives strong sense to your profession, it is a nice phenomenon. You enjoy your life because you work as you want. This is the case of Kellin Zhang. When her father told her once that she should work in a beautiful environment, she was sure she will build her career in the hospitality industry. Now she is the Director of Sales and Marketing of one of the landmark 5-star hotels of the town, and well known top executive in the region. We feel ‘Just Like A Family’ talking with her.
The economic partnership between China and Russia has seen a significant uptick over the last three years. We have dedicated our Feature Story to the economic partnerships of China with Russia, and its enormous influence that all the projects are developing together will have in the world.
Experts remain optimistic about China’s economic outlook as the government policy priority will focus on pushing reform and reducing economic leverage. The Chinese government has set the whole-year economic growth target at around 6.5% and the country already saw robust growth of 6.9% in the first three quarters. You can read all the details in our economy column.
And a special mention about the Last Words column. A very exciting reading of how a real Chinese adventure can be had by dining in someone’s home. What could be a more exciting intercultural experience in China than being invited to dine in an authentic Chinese home? Receiving an invitation to the home of a friend or colleague is on par with finding one of Willy Wonka’s golden tickets. In China, inviting people out to dinner in a restaurant is commonplace and it is regarded as an honour to treat others in this way. Inviting people into your home is rare for many reasons that you may easily understand.
We publish again in this issue a great variety of interesting articles. We hope you enjoy them as much as we did by writing them.
We take this opportunity to wish you a healthy ending of the year. Visit our website www.businesstianjin.com and follow us on our official Wechat account (ID: business_tianjin) for a complete list of articles and information.
Best Wishes,
Mary Smith
Managing Editor | Business Tianjin Magazine
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CONTENTS
05 BIZ BRIEFS
09 NUMBERS
10 ECONOMY: Economy Slows in October
12 FEATURE STORY: China-Russia Partnership
14 COVER STORY: First Solving Customer Problems
20 DIALOGUE: Anticipation Ahead of Demands
24 IN DEPTH: The 19th National Congress of the Communist Party of China
26 INVESTMENT: Chinese Equities Take a Beating
28 BUSINESS NEWS 29 REAL ESTATE: Central Tianjin Commercial Real Estate Market 2017 Review
32 IPR: Textile Industry
36 E-BIZ: JD.com and Tmall.com - Which is better
38 TAX & FINANCE: New Rules on Corporate Income Tax
43 MARKETING: 7 Great Marketing Trends in 2018
46 HR: Top 5 Trends in Recruitment Technology
48 TECH: LED Technology and Its Future
50 ARCHITECTURE: Solar Roofs
52 LEGAL ASSISTANCE: Financial Accounts of Non-residents
57 NEW APPOINTMENTS
58 CHAMBER REPORTS
60 LISTINGS 66 ART & LEISURE: Keeping Mind and Body Young