July 2021 Edition《津卫商务》2021年七月刊！弗兰德：科技成就未来
The vision of Flender focuses on working closely with all their stakeholders in jointly shaping a sustainable future and in achieving optimum value for their customers. Flender and Winergy are two strong brands under one corporate roof, where “technology is driving the future”. This month, we offer the opportunity to learn more about two of the corporation’s leaders who have extensive experience and knowledge of doing business in China.
Martin Kaufung, the CFO of Flender Ltd. China, has spent half of his working life in Asian countries. He approaches business with a local mindset, and strongly believes that “motivation is the most valuable driver of every process.”
Joerg Sieber, General Manager of Winergy Gears at Flender Ltd. China, has always regarded China as a country of opportunities. A German national, he believes that “though Europe and China are separated from each other by a thousand kilometres, what connects the people is a passion for technology and business, and the willingness to improve daily.”
Still on a business note, swift recovery in China has provided vital support for global economy and multinational companies, offering a strong source of demand for consumer goods and raw materials. While China’s exporters are enjoying strong demand, global supply chain bottlenecks and rising raw material costs have weighed on production, cooling the blistering economic recovery from last year’s COVID-19 slump.
In real estate news, Wuhan, former epicentre of the coronavirus pandemic, and Haikou, the provincial hub of tropical Hainan, are some of the cities that saw housing values climb 1% or more from March this year. The Chinese government is anxious to prevent any grievances regarding housing affordability from spilling over into social instability as it grapples to keep the economy growing amid the coronavirus pandemic. Homes have become so expensive that Chinese couples are putting off having a second child, undermining government efforts to boost the population.
Furthermore, a fresh crackdown on property speculation and a curb on runaway home prices is represented by China’s latest move to introduce a controversial property tax. It is an “inevitable” solution to help solve the nation’s debt crisis and ensure financial stability.
On the legal front, on June 10, 2021, China’s National People’s Congress Standing Committee passed the Anti-Foreign Sanction Law, which comes into effective immediately. Similar to the EU’s “Blocking Statute”, the law creates a legal framework that will block the impact of foreign sanctions on Chinese persons, prohibit relevant persons from following specific foreign sanctions, authorize the Chinese government authorities to launch retaliations, and allow relevant Chinese persons subject to foreign sanctions to claim damages.
Mary SmithManaging Editor | Business Tianjin Magazinemanagingeditor@businesstianjin.com
08 BIZ BRIEFS
12 COVER STORY: Technology to Drive the Future
20 FOCUS: China offers banks nearly S$20b to maintain liquidity
22 E-BIZ: Ways In Which Artificial Intelligence Is Revolutionizing The E-commerce
24 VISION
28 MARKET: Tesla rival Xpeng reports sevenfold rise in sales revenue as demand for electric vehicles in China soars
30 ECONOMY: China's home market 'out of control'
32 IN DEPTH: China’s bitcoin mines could derail carbon neutrality goals
34 INSPIRATIONAL: Sheldon Gary Adelson
37 REAL ESTATE: China REITs
40 TRAVEL: Tahiti
44 LEGAL ASSISTANCE: China Issues its "Blocking Statute"
46 BUSINESS NEWS
52 TECH: 3D Printer to Print the World´s Largest Boat
54 MARKETING: What is Integrated Content Strategy?
56 INVESTMENT: China urged to push ahead with controversial property tax as ‘inevitable’ solution to local debt crisis
58 HR: Trends in HR More Emphasis on Employee Mental Health
60 CHAMBER REPORT
64 LISTING
70 PAST EVENTS
72 NUMBERS
2021 JULY issue
Flender Ltd. China
2021 LATEST EDITIONS
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