Tianjin has a very active and trendy hospitality industry, offering a large number of rooms in town to host multiple events, conferences, activities and also meet the growing tourism needs of the municipality.
The city is moving from a pure industry sector engine to a more focused service sector based on tourism, hospitality, finance and organization of events. Of course, this transition will be faster if the possibility of organizing public events is more flexible and less controlled by authorities, but as you know very well, in China it is safety first.
One good example of increasing number of variety offers in the hospitality sector is the new opening of Fraser Place Binhai, Tianjin. We have had the opportunity to visit this new serviced apartment, and to interview their global CEO, Mr. Choe Peng Sum, and the General Manager of Fraser Place Tianjin, Ms. Theresa Liu.
Choe charted the impressive growth of the company from its inception in 1996 with two properties and 400 keys in Singapore, to currently owning and managing 140 properties across 77 cities globally with a total of over 22,500 keys.
We also chat this month with the CTO of a very interesting business model in China, combining the technology leadership of Rockwell Collins, and the local market and influencing giant, Haite group that create Accel Flight Simulation. The intention is to provide the world with best simulators at a more affordable price and Asian approach to customers, under the advantages of being located in the high-tech corridor that is the Tianjin Economic Airport Area. You will find very interesting the interview with Eduardo Bernal Garcia, a talented person that successfully adapts his life to live in China with his family.
There are many other interesting articles this month, and I invite you to read after having checked our content page. We are sure you will find topics that will help you in your professional and personal life during your stay in Tianjin.
Mary Smith
Managing Editor | Business Tianjin Magazine
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06 BIZ BRIEFS 10 ECONOMY: Trade Surplus Shrinks Slightly
12 FEATURE STORY: China’s Share in The World’s Top 500 Companies Larger than Ever
14 COVER STORY: Leaders in Extended Stay Operators in China
20 DIALOGUE: Have a Solution Before Customers Need It
23 NUMBERS 24 IN DEPTH: Have Outbound Investments Peaked for Now?
28 INSPIRATION: Every obstacle presents an opportunity
30 INVESTMENT: Medical Equipment Manufacturers Show Remarkable Performance
33 BUSINESS NEWS 34 IPR: Regulatory Bodies and Collective Action against Counterfeiting
36 E-BIZ: Is Outsourcing a Quintessential in Business?
38 TAX & FINANCE: China-Japan Social Security Agreement
41 LEGAL ASSISTANCE: Increased Certainty in the Assessment of Beneficiary Owner
46 TECH: First Foldable Smartphones
48 MARKETING: Shape of Content Marketing By 2020 50 HR: Make Your Company Thrive! 52 NEW APPOINTMENTS 53 PAST EVENTS 54 CHAMBER REPORTS 56 LISTINGS 62 ART & LEISURE: Is Arranged Marriage Still a Family Tradition? 64 BOOK REVIEW: Manipulating Globalization:The Influence of Bureaucrats on Business 65 LAST WORD:The Joy and the Agony