We have the privilege this month to interview Mr Volker Palm, CEO of WAGO Electronic (Tianjin) Co., Ltd., company founded in 1997 at Wuqing Development Area (UDA), Tianjin. During our conversation with Volker, German by birth, but Chinese by heart, who has lived and worked for the past 25 years in China, we discover the success of WAGO and always a positive mindset of its leader in Tianjin.
The key to success is to be always one step ahead of the game in any decision you make. This is one of WAGO main principles and the reason to continuously keep abreast of industry trends.
The Chinese economy is still growing, albeit that growth is slower in some areas, such as the industrial sector. The Chinese economy remains resilient in the face of geopolitical shocks, such as the intensifying trade war. The government is prepared to stimulate the economy, and many enterprises are showing flexibility by planning to relocate their manufacturing plants to avert the tariffs. Despite expectations of slower economic growth in the upcoming quarters, pessimism is not fully warranted yet.
Last meeting of G20 has reached the decision to give some tile to the trade talk. The decision of the US to ban the collaboration, technology, and services from foreign adversaries is believed to be a warning to all Android phone companies. The challenge rises as Huawei will need to outwit and introduce to the public the alternative solution for the award-winning Google services. There is no press release yet on how Huawei will resolve this Android barrier and hurdles for their future device to appease the Google users. It will mean creating its own App Store that you can find in Huawei phones, as AppGallery. At the moment, global users are waiting for Huawei’s “Plan B.”
Rafael Nadal is a true fighter, and despite the frequent injuries, he was able to pull out stunning victories, which are inspirational to many youngsters and entrepreneurs. Sometimes he took long leave from the circuits, but those vacations he used to garner his strengths to outsmart his opponents. His life is an inspirational story for many business leaders.
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Mary Smith
Managing Editor | Business Tianjin Magazine
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CONTENTS
06 BIZ BRIEFS
10 ECONOMY: The Picture Remains Positive in the Overall
12 FEATURE STORY: Leadership in Global Artificial Intelligence Research
14 COVER STORY: Be Always One Step Ahead
19 NUMBERS
20 FOCUS: Google Revokes Android License to Huawei
22 INSPIRATION: A true fighter
25 TRAVEL: Ukraine
28 IN DEPTH: Chinese Space Industry And its Business Relationship