Business Tianjin OUT! September 2019 Edition 《津衛商務》2019年九月刊出刊啦！

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We interacted this month with Long Yingzhi, site manager of AAA Dornier Technology (Tianjin) Co., Ltd., to know more about his experience working with foreign companies in China across different sectors, but mainly automotive and aeronautic. He is managing the daily operation of AAA Tianjin team by working on the Final Assembly Line of AIRBUS Tianjin, his company’s main customer.China’s trade balance showed positive results in July. The US-dollar denominated exports increased by 3.3% in July from the same a year ago, and imports, on the other hand, decreased by 5.6% over a period of one year. Customs data showed that the trade surplus was $45.06 billion. With the US, China’s trade surplus stood at $27.97 billion in July, lower than the previous month’s $29.92 billion. In the first seven months of 2019, China’s trade surplus with the U.S. has totalled $168.5 billion.China is the world’s biggest source of greenhouse gases, and has pledged to bring emissions to a peak by “around 2030”. Still a long way and hard work, but during this year China has taken several decisions to reduce the dependency of polluted sources. One of the most important is the Ulanqab Wind Power Base, which is the largest onshore series of wind farms in the world, with a capacity of delivering 18.9TWh a year to power the Beijing-Tianjin-Hebei region. You can read an intensive report about this topic in our Feature Story.Construction in the capital’s east Tongzhou is full speed ahead to complete the largest Universal Studios outlet in Asia. Universal Studios Beijing will open in the spring of 2021 and will be housed in a 400-hectares Universal Beijing Resort which will house among others, the Universal CityWalk retail, dining and entertainment complex and the first ever Universal-themed resort hotel along with the first Nuo-branded resort hotel of Beijing Tourism Group.The park will be twice bigger than Universal Studios Japan and five times larger than Universal Studios Singapore. Several themed zones highlight the greatest of Universal Studios-owned assets along with exciting flagship attractions. While specific details on the park’s entertainment blueprint are under tight secrecy, we can assume that the park will feature highly popular choices, but more massive in terms of scale.

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Mary Smith

Managing Editor | Business Tianjin Magazine

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CONTENTS

06   BIZ BRIEFS

10   ECONOMY: Moderate but slower growth

12   FEATURE STORY: The World largest onshore series of Wind Farms

14   COVER STORY: READY FOR TAKEOFF!

20   FOCUS: 10 Top Notch Online Payment System

22   TRAVEL: Borobudur

26    IN DEPTH: Universal Studios Beijing

28    REAL ESTATE: Pocket Parks and Urban Green Space

30    INVESTMENT: Baozun

36    TAX & FINANCE: HK Double Taxation Arrangement

38    LEGAL ASSISTANCE: Encouraged Foreign Investment for Sport-related Businesses in China

40    E-BIZ: eFinance - End of the Banks?

42    BUSINESS NEWS

48    TECH: Move - All you need to know

50    MARKETING: Native Advertising

52    HR: Recruitment Trends in the AI Era

54    CHAMBER REPORTS

57    NUMBERS

58    PAST EVENTS

60    LISTINGS

66    ART & LEISURE: National Golden Week

68    BOOK REVIEW: 42 Rules for Sourcing and Manufacturing in China

69    LAST WORDS: Gurm's Art Exhibition

Editor's Picks

Business Tianjin 2019 September issue

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