We interacted this month with Long Yingzhi, site manager of AAA Dornier Technology (Tianjin) Co., Ltd., to know more about his experience working with foreign companies in China across different sectors, but mainly automotive and aeronautic. He is managing the daily operation of AAA Tianjin team by working on the Final Assembly Line of AIRBUS Tianjin, his company’s main customer.
China’s trade balance showed positive results in July. The US-dollar denominated exports increased by 3.3% in July from the same a year ago, and imports, on the other hand, decreased by 5.6% over a period of one year. Customs data showed that the trade surplus was $45.06 billion. With the US, China’s trade surplus stood at $27.97 billion in July, lower than the previous month’s $29.92 billion. In the first seven months of 2019, China’s trade surplus with the U.S. has totalled $168.5 billion.
China is the world’s biggest source of greenhouse gases, and has pledged to bring emissions to a peak by “around 2030”. Still a long way and hard work, but during this year China has taken several decisions to reduce the dependency of polluted sources. One of the most important is the Ulanqab Wind Power Base, which is the largest onshore series of wind farms in the world, with a capacity of delivering 18.9TWh a year to power the Beijing-Tianjin-Hebei region. You can read an intensive report about this topic in our Feature Story.
Construction in the capital’s east Tongzhou is full speed ahead to complete the largest Universal Studios outlet in Asia. Universal Studios Beijing will open in the spring of 2021 and will be housed in a 400-hectares Universal Beijing Resort which will house among others, the Universal CityWalk retail, dining and entertainment complex and the first ever Universal-themed resort hotel along with the first Nuo-branded resort hotel of Beijing Tourism Group.
The park will be twice bigger than Universal Studios Japan and five times larger than Universal Studios Singapore. Several themed zones highlight the greatest of Universal Studios-owned assets along with exciting flagship attractions. While specific details on the park’s entertainment blueprint are under tight secrecy, we can assume that the park will feature highly popular choices, but more massive in terms of scale.
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Mary Smith
Managing Editor | Business Tianjin Magazine
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CONTENTS
06 BIZ BRIEFS
10 ECONOMY: Moderate but slower growth
12 FEATURE STORY: The World largest onshore series of Wind Farms
14 COVER STORY: READY FOR TAKEOFF!
20 FOCUS: 10 Top Notch Online Payment System
22 TRAVEL: Borobudur
26 IN DEPTH: Universal Studios Beijing
28 REAL ESTATE: Pocket Parks and Urban Green Space
30 INVESTMENT: Baozun
36 TAX & FINANCE: HK Double Taxation Arrangement
38 LEGAL ASSISTANCE: Encouraged Foreign Investment for Sport-related Businesses in China
40 E-BIZ: eFinance - End of the Banks?
42 BUSINESS NEWS
48 TECH: Move - All you need to know
50 MARKETING: Native Advertising
52 HR: Recruitment Trends in the AI Era
54 CHAMBER REPORTS
57 NUMBERS
58 PAST EVENTS
60 LISTINGS
66 ART & LEISURE: National Golden Week
68 BOOK REVIEW: 42 Rules for Sourcing and Manufacturing in China