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Business Tianjin Magazine - Business English Magazine in China

Business Tianjin OUT! May 2019 Edition

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NEWS - Tianjin Finance

Written by Helen Thursday, 02 May 2019 15:46

BT 201905 340X458BT 201905 PDFGaining a strong reputation as the fastest-growing IB World School, which is offering unique international and bilingual education for foreign and Chinese students, the Beijing International Bilingual Academy (BIBA) has opened three campuses since its establishment in 2006.

Tianjin Campus is the second campus of BIBA and it is a vibrant international boarding school, which prides on forming students to become internationally-minded bilingual ambassadors and champions of inter-cultural understanding, respect and integration in a dynamic global community. We have the opportunity to interview Joseph J. Azmeh, Executive Head of School, Tianjin Campus of BIBA and feature in our cover story. It was a real pleasure talking to Joseph and learning the noble spirit behind BIBA and his passion as an educator.

We laud BIBA and Tianjin Campus’ excellent facilities, fantastic team of foreign and local teachers & administrative staff and this great opportunity to enrol our kids in this unique international and bilingual learning environment.

From the macro economy point of view, China has witnessed a rebound, as indicated by the recently released numbers. Retail sales, industrial production, fixed asset investments, and trade balance saw positive developments. Some economists believe that the government’s efforts to stimulate the economy are showing some effects. The progress made in the trade talks with United States has contributed to the improvement.

Michael Hart, who has spent more than 20 years in China in the commercial real estate industry and over a decade of that time in Tianjin, provides us with an excellent explanation how to benchmark our Real Estate Cost. Don’t miss it!

Our column Last Word is dedicated to the Great Wall Marathon that has the reputation for being one of the world’s toughest marathon courses for competitors to compete on. It will take place on 18th of May, 2019. You can read the details inside of this issue.

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

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本期封面人物我们专访了海嘉国际双语学校(简称BIBA) 天津校区的校长Joseph Azmeh先生。海嘉国际双语学校是一所充满活力的、具有国际水准的国际双语学校,海嘉提供从幼儿园到高中十二年级的一贯制双语教育。海嘉同时拥有国际文凭组织(IBO)认证和美国西部院校联盟(WASC)国际性权威机构认证,是一所高质量、双认证的国际双语学校。与此同时,海嘉也是中蒙国际学校联合会(ACAMIS)以及国际学校体育协会(ISAC)的成员学校。自2006年成立以来,海嘉已成立了三个校区,作为发展最快的国际学校,海嘉为外籍学生和中国籍学生提供独特的国际和双语教育而享有盛誉。




本期我们的Last Word栏目详细介绍了长城马拉松——这个对于马拉松选手来说世界上难度最大的马拉松,将于5月18日开跑,详情请阅读本栏目。



10   ECONOMY: Positive Data Numbers higher than expected

BT 201905 economy 0112   FEATURE STORY: Top 10 Chinese Startups To Watch Out

201905 FEATUR 0115   COVER STORY: Developing the youth to be International-minded Bilingual Ambassadors

BT 201905 cover 0122   FOCUS: ICBC implements Blockchain Technology

BT 201905 focus 0124   TRAVEL: Puerto Iguazú

BT 201905 travel 0126   IN DEPTH: Research advances in China improving health on a global scale

BT 201905 in depth 0128   INSPIRATION: A Baffling Story: Creating History Despite Failure & Rejections

BT 201905 inspiration 0130   INVESTMENT: Geely is growing locally and abroad

BT 201905 investment 0132   BUSINESS NEWS

34   E-BIZ: The Future of E-commerce

BT 201905 e biz 0136   REAL ESTATE: How do you Benchmark your Real Estate Cost

BT 201905 re4al 0139   NUMBERS

40  TAX & FINANCE: A Remarkable Year of VAT Reform

BT 201905 finance 0144   NEW APPOINTMENT

45   Legal Assistance: Things to Know on the Pricing Tag

BT 201905 legal 0148   TECH: 3 Geoengineering Solutions

BT 201905 tech 0150   MARKETING: Pop-up Stores

BT 201905 marketing 0152   HR: Trends of 2019

BT 201905 hr 0154   CHAMBER REPORTS


62   ART & LEISURE: What Makes Chinese Regional Cuisines Unique

BT 201905 art 0164   BOOK REVIEW: China - Latin America Relations

BT 201905 book 0165   LAST WORDS: Great Wall MarathonBT 201905 last 01


Foreign Companies Sound off on Business Policies

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NEWS - China Law

Thursday, 22 July 2010 10:40

The heads of some leading U.S. and European multinationals have publicly questioned recently whether new Chinese policies and regulations are making China a more difficult place for foreign firms to do business.

Over the weekend, the leaders of two large German companies with major investments in China -- the Siemens conglomerate and the chemical firm BASF -- challenged Premier Wen Jiabao about the country's deteriorating business climate during a meeting in Beijing attended by German Chancellor Angela Merkel.

Their criticisms come after similar remarks from the chief executive of Microsoft, who complained recently about China's treatment of intellectual property, and from the head of General Electric, who voiced concern about the country's business climate. Earlier this year, the Internet giant Google threatened to shut down its Chinese search engine, saying that a server had been hacked and that it could no longer abide by Chinese censorship rules.

In a survey of 183 world economies this month, the International Finance Corp., part of the World Bank, ranked China's business climate 89th -- a drop of three places since last year.

The American Chamber of Commerce in the People's Republic of China reported in its 2010 business-climate survey in April that most U.S. firms remain optimistic about China for the medium term. But that outlook is tempered by "worry that China's regulatory environment is becoming increasingly difficult," the survey found.

What is new, analysts say, is that some top executives doing business here are voicing their discontent openly, a significant shift from the traditional pattern of keeping a low public profile to avoid angering Chinese officials -- and risking retaliation.

"For them to come out and publicly deliver a tongue-lashing to Chinese officials is extremely significant," said Arthur Kroeber, managing director of GaveKal Dragonomics, an economics research firm in Beijing.

The foreign companies' biggest concern, observers said, is a set of policies known as "indigenous innovation," which essentially requires firms operating here to transfer their latest technology to China; it also favors homegrown Chinese companies for government business and contracts.

A foreign company here "has to register its technology in China, innovate in China and, in some cases, make it in China," said Murray King, managing director for greater China at Apco Worldwide, a corporate advisory and public affairs firm.

Without what U.S. and European firms consider adequate safeguards of intellectual property, some foreign business leaders are worried that Chinese companies will copy their technology and use it to compete against the foreign firms in the global marketplace.

Business analysts said that, for the most part, concern about a deteriorating business climate has been largely confined to those companies hit hardest by being forced to transfer their technology. Foreign firms in the retail sector are finding China to be a booming market at a time when the United States and Europe are still shaking off the global recession. The Gap clothing store is planning to open its first Chinese branches this year, in Beijing and Shanghai. Apple opened a new, cylindrical, 16,000-square-foot store in Shanghai this month. China has given General Motors a badly needed boost in car sales. And fast-food chains and companies selling luxury goods and consumer gadgets here are thriving.

In contrast, the more technology-based multinational firms -- particularly those involved in telecommunications, aerospace, semiconductors, pharmaceuticals and alternative energy -- are finding China increasingly assertive and more interested than ever in acquiring their know-how. "Companies operating in those sectors are finding some significant head winds," King said.

U.S. and European banking and financial services companies have also voiced complaints about strict government controls of that sector, even as they open new branches in China.

Analysts said both developments -- China's new assertiveness toward multinationals and the firms' new willingness to protest publicly -- reflect the changing power dynamics as the country becomes more prosperous and self-assured.

"For a long time, multinationals had a significant degree of market power -- cash and technology," said Dragonomics' Kroeber. "Now China is bigger and more powerful. . . . They don't need cash anymore. They can drive a harder bargain."

Song Hong, a researcher with the Institute of World Economics and Politics, agreed. "The era when the foreign investor was treated as God in China passed," he said, adding that as a result, many foreign enterprises "now feel that they are not welcome."

In the weekend session with the German delegation, Wen, the premier, pushed back against that perception, calling it "untrue," according to the official Xinhua News Agency.

Xinhua, in an editorial, said Wen's reply may have been undiplomatic but was "the right and no-nonsense answer" to the growing chorus of doubt about China's business climate. Despite the complaints, Xinhua said, citing Commerce Ministry figures, foreign investment in China rose 19.6 percent for the first half of 2010 compared with last year.



China Welcomes WTO Finding Against EU

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NEWS - China Trade

Monday, 18 July 2011 11:42

China welcomed findings by the World Trade Organization's Appellate Body in a Chinese antidumping case against the European Union, China's Commerce Ministry said Saturday.

The Appellate Body supported China's position on the EU's application of antidumping tariffs to imports of certain metal fasteners from China. Both the EU and China had filed appeals after the WTO in December condemned the tariffs, handing Beijing its biggest legal victory so far at the WTO.

"China hopes Europe as quickly as possible eliminates the legislation and discriminatory antidumping policies that are inconsistent with WTO rules," the Commerce Ministry said in a statement. "China's victory in this case is very meaningful and will help improve the competitive environment for Chinese companies in international markets including the EU".

A spokesman for EU Trade Commissioner Karel De Gucht declined to comment.

The WTO on Friday said the Appellate Body upheld earlier findings that part of the EU's dumping rules were inconsistent with WTO rules.

China joined the WTO in 2001. Its exports to the rich world immediately soared, leading to tensions over currency values, public contracts, access to the Chinese market by Western companies and charges of "dumping," or exporting to a foreign country below cost.

The EU and the U.S. have made extensive use of WTO rules that allow countries to impose tariffs on dumped goods, frequently targeting countries where the state plays a large role in the economy, such as China or India. But China has also begun systematically challenging EU and U.S. tariff increases against its exports.


Limits to be relaxed soon for insurers

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NEWS - China Law

Friday, 28 May 2010 16:52

BEIJING - The China Insurance Regulatory Commission (CIRC) will loosen the limits on investments by insurance companies in stocks and bonds, but may be cautious on permitting property investments, a CIRC official said on Wednesday.

"We are in discussions to allow major insurers to invest 20 percent of their assets into stocks and equity funds, and increase their investments in unsecured bonds to 20 percent from 15 percent," Sun Jianyong, head of the capital management department of CIRC told China Daily.

Currently, insurers are allowed to invest 20 percent of their assets into stocks, equity funds and debt funds.

"Since debt funds usually account for a small proportion of the 20 percent investment basket, the loosening is just a signal. It is hardly expected to boost the stock market and insurers' investment returns," said Wang Xiaogang, a senior analyst with Shanghai-based Orient Securities.

According to CIRC data, the premium income of insurers rose 13.8 percent to 1.1 trillion yuan last year, with total assets touching 4.1 trillion yuan.

Industry insiders said the loosening may bring around 10 billion yuan of capital into China's stock market.

The Shanghai Composite Index, which tracks the bigger of China's stock exchanges, gained 3.16, or 0.1 percent, to close at 2625.79 on Wednesday.

"We are more keen to see the detailed rules governing investments in property and private equities," said a manager at a leading insurance asset management company.

But according to Sun, the launch of the detailed rules, especially the one on property investment, may still take some time.

Though the CIRC opened property as a new investment channel after the revised insurance law came into effect from Oct 1 last year, the detailed rules are yet to come out and hence effectively bars insurers from making such investments.

Wu Dingfu, chairman of the CIRC, said early this year that insurers would not be allowed to invest in residential buildings or be involved during the property development stage.

At the same time, the CIRC said insurers would not be allowed to make direct investments in the nation's commercial property sector.


Chinese firms show up in large-scale at Dubai's automotive trade fair

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NEWS - China Trade

Wednesday, 08 June 2011 11:08

The smell of auto tires engulfed the Dubai World Trade Center on Tuesday, when the 9th Automechanika Middle East trade show opened its doors, with more than 100 Chinese firms participating in the three-day exhibition.

Amy Liao, sales manager at Anda Automobile Parts based in the southern Chinese city of Guangzhou, was for the first time exhibiting in Dubai.

"We produce all kinds of engines for trucks but also for ships, " Liao said, "We have no office in Dubai as yet, although we won many clients during the last years."

Dubai is well-known as a trade hub of the Middle East, linking the Far East with Africa and Europe. The Jebel Ali Free Port in the west of Dubai is the largest container port in the Middle East.

The largest market for tires in the region is Saudi Arabia, which imports 13 million tires per year, worth 800 million U.S. dollars.

"Innovation is key in these competitive markets," said James Wang, marketing and sales director at Techking Tires Ltd., adding that his company's green sustainable approach is quite unique in the branch.

"We sell tire for trucks and off-roaders. We reduced the aroma in the tire, making the smell less aggressive for workers and end- users," he said.

Techking, based in the eastern Chinese city of Qingdao, is exporting to 110 countries worldwide.

"During the first half day we had a lot of trade visitors at our stand. It starts really well," Wang said.

There is no doubt that big names, such as Michelin or Goodyear, face increasingly competition from emerging markets, including China.

Some 1,100 exhibitors from 52 countries or regions attended the Automechanika fair, organized by Messe Frankfurt, Germany's largest trade fair organizer.



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