Business Tianjin Magazine

BT 201912 340X458

We have interacted this month with Dr Joseph Shumway, the Chief Medical Officer (CMO) at Tianjin United Family Hospital (TJU), an American with an impressive career as a medical doctor.

Tianjin United Family Hospital is a leading medical facility, integrating excellent and safe healthcare under one trusted United Family Health brand. It incorporates a dedicated and credentialed team of medical staff in the mission of providing the best care to their valued patients. One can expect personalized attention and quality healthcare by highly competent and skilled medical professionals, but we also can find passionate people performing their daily work in a perfect harmony.

Last month economic data showed disparate performance in different areas of the economy. Manufacturing activity is weakening, but consumer sentiment is still healthy. Domestic demand for consumption remains strong, while global demand is impacted by trade war concerns. The government is adamant about maintaining growth and is taking concrete measures. The true impact of these efforts can be measured only after a necessary time interval for them to materialize. Even if the trade war tensions do not ease, there are still plenty of strategies that the government can explore. The government is likely aware of its options. It will probably have to contend with alternatives, as a trade deal is not yet easily foreseeable.

The rise of the Chinese banking sector and the Chinese financial institutions at large signifies a shift in power in the global financial infrastructure and architecture. We analyse in our Feature Story column the reason why they represent a challenge to the system that was produced by the Bretton Woods agreement. The western financial system is no longer the only player, and in the future, this may pave the way for a multilateral global financial system.

With the growth of the new retail ecosystem in China, the Chinese tech companies are increasingly becoming more powerful with massive repositories of data on Chinese consumers. Many brands take the assistance of these Chinese tech biggies in entering the China market, whether it’s by using the latest AI technology, building an inventory platform, or a delivery infrastructure. Get to know in our In Depth section how China is revolutionising the concept of ‘Smart Retailing’.

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Mary Smith
Managing Editor | Business Tianjin Magazine
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CONTENTS

06 BIZ BRIEFS

10 ECONOMY: Variance in Performance

12 FEATURE STORY: Chinese Banks