Business Tianjin OUT! March 2019 Edition《津衛商務》2019年三月刊出刊啦！

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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.

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Mary Smith

Managing Editor | Business Tianjin Magazine

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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

Editor's Picks

Business Tianjin 2019 March issue

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