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Business Tianjin Magazine - Business English Magazine in China
Business Tianjin OUT! April 2019 Edition
Written by Helen Monday, 01 April 2019 12:24
International Women’s Day is celebrated on the 8th of March, annually providing an important moment to showcase commitment to women’s achievements, raise awareness, and highlight gender parity gains, and more. So, each year on this day, the world inspires women and celebrates their achievements.
Business Tianjin Magazine in tandem with Shangri-La Hotel, Tianjin, were able to host a leadership Lunch at the Shang Palace Chinese Restaurant, celebrating the limitless potential of women and allowing the top Women leaders and executives of Tianjin to network and connect with each other in order to enhance their important roles in the society to build a better tomorrow, and to empower women of the future.
The Chinese economy has printed downbeat numbers, many of which are far below expectations. The numbers do not come as a surprise to many who were waiting for the economy to show signs of a slowdown. Global demand is weakening due to slower global growth. The domestic market in China seems to be faltering, manufacturing activity is shrinking in medium and small size factories, but while the economy is showing signs of weakness, many analysts are still optimistic and believe that many tools can be used to stimulate the economy.
In early March, at the “Two Sessions” of the National People’s Congress, the chairman of the NPC standing committee, Li Zhangshu, noted that a property tax would be among those taxes that would soon be implemented, without specifying exactly what that time line was. This is at least the third time this topic has been brought up at this level, signalling action is coming. Michael Hart, an expert of the Real Estate sector in China provided to us a good introduction of this topic in this issue.
You also should not miss the Tech article as well. While it definitely sounds bizarre and indistinguishable from a sci-fi movie plot, the day is probably not too far when tiny robots, known as nanobots, will roam freely inside your body to detect and cure various health hazards, including humanity’s worst nemesis: Cancer. Amazing, right?
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.
Mary Smith
Managing Editor | Business Tianjin Magazine
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
CONTENTS
06 BIZ BRIEFS
10 ECONOMY: Downbeat numbers
12 FEATURE STORY: The World’s Largest Innovation Economy!
15 COVER STORY: International Women’s Day Lunch at Shangri-La Hotel, Tianjin
20 FOCUS: BT First Foreign Telecom With Nationwide China License
22 TRAVEL: Dubrovnik
24 IN DEPTH: An important milestone
26 INSPIRATION: Wealth isn’t the same thing as intelligence
28 INVESTMENT: Ke.com at the top of the list
30 BUSINESS NEWS
35 NUMBERS
36 E-BIZ: How to Retain Your International Customers
38 REAL ESTATE: How China’s proposed property tax will make help renters and first-time buyers
40 TAX & FINANCE: Commercial Dispute Resolution
43 Legal Assistance: The Impact of New Individual Income Tax Laws on Foreign Individuals Working in China
48 TECH: Nanobots to be deployed in fight against Cancer
50 MARKETING: The Use of Data Analytics in Marketing
52 HR: HR transition to the cloud
54 CHAMBER REPORTS
56 LISTINGS
62 ART & LEISURE: Importance of Time in Chinese Culture
64 BOOK REVIEW: The Chinese Economy Adaptation and Growth
65 LAST WORDS: A Mindful Eater
Business Tianjin OUT! March 2019 Edition
Written by Helen Friday, 01 March 2019 15:08
The decision to delay the imposition of higher trade tariffs by USA to China doesn’t mean the end of economic hostilities between the world’s biggest two economies, but it is a positive sign. It’s clearly not the end of difficult negotiations, let alone of the underlying tension between the two countries. The tariff suspension and, possibly, a more lasting agreement would be a positive for international trade and business in both countries, as well as the global economy more generally.
According to data, 6.6% GDP growth in 2018 is the lowest recorded annual growth rate in the past 28 years. Data for the last quarter of 2018 indicate 6.4% growth. Due to events in global economic environment, this year’s economic growth target is expected to be specified as a range from 6% to 6.5%. The official 2019 target is though expected to be revealed at the annual parliamentary session in March.
A study indicates that the optimal time employees should spend communicating with their managers is six hours a week. The number perhaps seems surprising for many organizations, but the fact is that they are increasingly considering higher productivity rates from their employees after they have spent some quality time with their managers. As a matter of fact, employees, who have been spending good time with their managers, are 30% more engaged and 15% more motivated. HR section is explaining what employees want from performance management.
This month’s cover is about culture and nature in hotels, the emphasis is on Banyan Tree Riverside Tianjin. Specialized in resorts, a sanctuary for the senses, as they like to explain, they offer unique and modern accommodations in town, where you can look for some moments of relax and serenity after a hard working day. We have talked this month with John Bao, General Manager of Banyan Tree Tianjin Riverside Hotel, to know better this city resort for Urban Vacations.
In Depth column reports China’s very ambitious moon programme, under the Economy of the Space title, which the European Space Agency hopes to collaborate with and further their advances to the Moon.
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.
Mary Smith
Managing Editor | Business Tianjin Magazine
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
CONTENTS
06 BIZ BRIEFS
10 ECONOMY: China GDP Growth in 2018: The Lowest in 28 Years
12 FEATURE STORY: Here's Why China's Chang'e 4 is a Big Leap for Mankind!
15 COVER STORY: Urban Vacation @ Banyan Tree, Emphasis in Culture and Nature
20 FOCUS: 2019 Growth: From 6% To 6.5%
22 TRAVEL: Galapagos Islands
24 IN DEPTH: Economy of the Space
27 NEW APPOINTMENT
28 INSPIRATION: Never Give Up On Your Dreams
30 INVESTMENT: Wedoctor: A Key Player
32 BUSINESS NEWS
37 NUMBERS
38 E-BIZ: Tips to increase Sales in your Electronic Commerce Platform
40 TAX & FINANCE: A Crucial Year for deepening Value-Added Tax Reform
43 REAL ESTATE: Review on the development of Experiential Business in Retail Market
46 TECH: How Technology Can Help Combat Global Water Crisis
48 MARKETING: 5 Things SMEs should be doing Online
50 HR: What employees want from Performance Management?
53 CHAMBER REPORTS
54 LISTINGS
60 ART & LEISURE: Jade: Precious Gem and Vital in our Culture
62 BOOK REVIEW: Made for China
63 LAST WORDS: Confucius Teachings Applicable Today
Business Tianjin OUT! February 2019 Edition
Written by Helen Wednesday, 30 January 2019 15:00
German Chamber of Commerce in Tianjin will celebrate its 10th Years Anniversary with a Spring Reception on Friday, February 22nd, the first and major high-level gathering of the year.
This event is also quite memorable for Dr. Björn Lindemann, who has personally witnessed the Tianjin Office’s remarkable development as the former Tianjin Office Head and presently sits as a Board Member of the German Chamber of Commerce North China. Dr. Lindemann eventually joined Haver Technologies Tianjin in 2015, and Business Tianjin was honored to talk with him in this important milestone.
In December economic data of China were weaker than analysts had hoped for. Both exports and imports are declining, and manufacturing activity is slowing down. The government is taking several measures to provide another layer of support over the long term; such increase the liquidity to People’s bank of China, infrastructure investment, fiscal incentives for households and firms, and more support to small businesses. Despite the current challenges, the economy is still resilient and growing, albeit at a slower rate. The developments in 2019 are yet to be fully seen, and it is too early to predict a too pessimistic or optimistic scenario.
The debt rate in China has enormously constructed to approximately 260% to 300% of the size of the GDP. This has raised questions regarding the potential financial scenarios that are looming in front of our site. You can read in our In Depth column an analysis about this important topic.
There are many other interesting articles this month, and I invite you to read them all after having checked our content page. We are sure you will find topics that will help you in your professional and personal life, such the ways blockchain technology will impact the marketing world, how China is making a huge breakthrough bringing smart technologies into the agricultural sector, and why Chinese have been tagged as the fastest adopting and most e-savvy people in the world.
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 and Successful 2019!
Mary Smith
Managing Editor | Business Tianjin Magazine
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
CONTENTS
06 BIZ BRIEFS
10 ECONOMY: Feeling the Pinch of the Trade War
12 FEATURE STORY: How China's Growth Model is Different from Other Models
14 BUSINESS NEWS
16 COVER STORY: Creating Value with Innovation and Partnership
21 NEW APPOINTMENT
22 FOCUS: Economic Outlook in 2019
24 TRAVEL: The Hexi Corridor
26 IN DEPTH: Controlling the Debt
28 INSPIRATION: It's all possible and I'm living proof
30 INVESTMENT: Negative List Reform
32 IPR: Tips for protecting your IP in China and South-East Asia
35 NUMBERS
36 E-BIZ: The Fastest Adopting & Most E-Savvy People
38 TAX & FINANCE: Individual Income Tax Rules Changes Relevant to Foreign Individuals
42 LEGAL: New Draft of Foreign Investment Law
44 REAL ESTATE: Welcome to Prop-Tech
46 TECH: Smart farms and agrobots
48 MARKETING: 6 ways this technology will impact the Marketing world
50 HR: 4 Hiring Mistakes Startups Should Avoid
53 CHAMBER REPORTS
54 LISTINGS
60 ART & LEISURE: Chinese Cloisonné
62 BOOK REVIEW: China's Great Wall of Debt
63 LAST WORDS: Climate changes pose a threat to increase in beer prices
Business Tianjin OUT! January 2019 Edition
Written by Helen Saturday, 29 December 2018 17:19
The Inspiring Learning Conference will be hosted by Wellington College on the 26th and 27th of January in Tianjin. Keen to find out more about this transforming landscape, Business Tianjin Magazine spoke to the Senior Director of Academics for Wellington College China, Dr Ahmed Hussain. We wish this conference to become a successful event and great milestone in the bilingual education system of China.
Michael Hart provided to us an interesting review of Tianjin real estate market of past year 2018. Several key themes took center stage, such as the opening of much anticipated office and retail projects, new subway lines and stations, etc… Don’t miss it.
The economic slowdown seems to be continuing from the month before, signaling that the effects of the trade war may be beginning to show. Although the data showed growth, the deceleration of that growth should warrant attention. Analysts fear that the effects may extend beyond China’s borders and reach the global economy, given China’s importance as a vital producer and consumer on the global stage.
Recently we have got the news of many examples of China’s market opening up. German insurance company, Allianz, will be the first one to get the permission to set up an entirely foreign owned insurance holding in China. This move has come as a huge surprise, because something like this was not expected in at least next three to four years, based on Beijing’s earlier announcements. We did a deep analysis of this news in the Investment column.
In this issue, we also focus in the Chinese wine industry to know more about the 2nd world’s largest consumption market in 2020, not only based on the importation of world-class wines, but also on its own production.
There are many other interesting articles this month, and I invite you to read them all after having checked our content page. We are sure you will find topics that will help you in your professional and personal life, such as the benefits of diversity at workplace, the recent currency War or even the first battery-free phone.
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.
Mary Smith
Managing Editor | Business Tianjin Magazine
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
2019 年最为期待的莫过于由惠立教育研究院主办的第二届Inspiring Learning 教育峰会，1月26日至27日在天津惠灵顿学校举行。惠立教育研究院致力于为惠灵顿（中国）国际教育集团和惠立教育集团旗下所属学校提供支持，同时广泛地促进国内教育事业的发展。《津卫商务》专访了惠立教育研究院高级教学总监何迈德博士，希望了解更多有关这一转型的信息。详情请阅封面故事。
仲量联行天津分公司为我们提供了对2018年的天津房地产市场的评论。例如备受期待的办公和零售项目，新的地铁线路和车站等......
经济放缓似乎从前一个月开始并持续着，表明贸易战的影响可能开始显现。虽然数据显示增长，但这种增长的减速值得关注。鉴于中国作为全球舞台上生产者和消费者的重要性，分析人士担心这种影响可能超出中国并进入全球经济。
德国保险公司安联将成为第一家获准在中国设立外商独资保险公司的公司。这一举动令人惊讶，因为根据北京此前的公告，至少在未来三到四年内不会出现这种情况。
更多精彩，请访问我们的网站www.businesstianjin.com或关注我们的微信公众号：business_tianjin。
CONTENTS
06 BIZ BRIEFS
10 ECONOMY: Latest data confirmed weakening economic conditions
12 FEATURE STORY: Trade Relationship and Largest Projects Between China and Russia
15 NUMBERS
16 COVER STORY: Inspiring Learning
24 FOCUS: Chinese Wine Industry
26 TRAVEL: Puglia
28 IN DEPTH: BMW has taken over the China Joint Ventures
30 INSPIRATION: Don't Ever Pity Yourself!
32 INVESTMENT: Allianz Establish the First Ever 100% Foreign Owned Insurance Holding in China
34 IPR: Protection Strategies for Ceramics Industry
37 BUSINESS NEWS
38 E-BIZ: Are Blogs Necessary to Your E-commerce Shop
40 LEGAL: Implementation of Scope Expansion of Deferred Withholding Tax Policy on Distributed Profits Reinvested
42 REAL ESTATE: Tianjin Real Estate Market 2018 Review
44 TECH: Smart Toothbrush
46 MARKETING: Trends for 2019
48 HR: What Skills Should Candidates Include in Their Resumes?
50 CHAMBER REPORTS
52 LISTINGS
58 ART & LEISURE: Ancient Temples in China
60 BOOK REVIEW: China's Crisis of Success
61 LAST WORDS: Is the Trade War between China and USA really over?
Business Tianjin OUT! December 2018 Edition
Written by Helen Friday, 30 November 2018 10:15
Elegantly poised alongside the Hai He River, you will find what could be arguably Tianjin’s most exquisite hotel. Furnished with luxurious gold and marble décor, Wanda Vista Tianjin’s splendour is unlike any other. Eager to find out more, Business Tianjin spoke to its General Manager, Nikolaos Chatzipetros, to get an insight on staff training, the inspiration behind the splendid interior and guest requests that you would not expect to hear about.
It has been 10 years since the crisis that shook the financial world in 2008 and led major economies to recession afterwards. Collapse of Lehman brothers marked the first event in a series of catastrophic events that followed. Major global economies entered into what has been dubbed the great recession. Western economies contracted and struggled, and even today 10 years after the crisis, their levels of growth are highly unsustainable for a variety of reasons, whereas economies like China have been growing at rates above 8% and 10% annually, and recently above 6%. Next few decades, eastern countries will be setting global governance frameworks and models.
Recently, evidence of slowdown in the Chinese economy is mixed. Growth still continues but there are some signs of faltering in some segments. Banks need a boost and property sector needs constant monitoring to avoid overheating. Effects of the US-China trade war may not be felt to their true extent until after the tariffs take full effect in Januray 2019.
In this issue, the focus column point out 5 topics that you should be aware of, not only to better understand the reality of China but also if you want to do business here.
There are many other interesting articles this month, and I invite you to read them all after having checked our content page. We are sure you will find topics that will help you in your professional and personal life, such the benefits of diversity at workplace, the recently currency War or even the first battery-free phone.
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.
Mary Smith
Managing Editor | Business Tianjin Magazine
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
CONTENTS
06 BIZ BRIEFS
10 ECONOMY: Working On Multiple Fronts
12 FEATURE STORY: Global economic gravity center is shifting to the east
14 COVER STORY: Mix the Right Cocktail to Satisfy Our Guests
19 PAST EVENTS: Challenges in 2019: Top Executives Meeting
24 FOCUS: 5 Challenges in Today’s China
26 TRAVEL: Akureyri, Iceland
28 IN DEPTH: The Currency War
30 INSPIRATION: Making The World As GOOD As POSSIBLE
32 INVESTMENT: Shanghai pharmaceuticals
34 IPR: Medical Device Industry
36 NUMBERS
37 BUSINESS NEWS
38 E-Biz: How to Use Your Customer’s Questions
40 TAX & FINANCE: The priority of China’s anti-tax avoidance work in the future
44 LEGAL: New Individual Income Tax Law are Seeking Public Comments
47 REAL ESTATE: Sino-Singapore Tianjin Eco-City
50 TECH: First Battery-Free Mobile Phone
52 MARKETING: The New Way of Communicating!
54 HR: Benefits of Diversity at the Workplace
56 CHAMBER REPORTS
58 LISTINGS
64 ART & LEISURE: Chinese Heritage Interplay of Architecture
66 BOOK REVIEW: China’s Mobile Economy
69 LAST WORDS: Why Do Parents Send their Children Abroad for Schooling?
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