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Business Tianjin Business Tianjin ECONOMY • FINANCE • MARKETING InterMediaChina www.businesstianjin.com 05/2020 March 2019 May 2020 Follow us on Wechat! www.businesstianjin.com www.businesstianjin.com BEIJING DAXING INTERNATIONAL AIRPORT and the options to travel START HERE A world-class education for foreign children in Tianjin. AP Capstone Program and Diploma now available! Contact us for more information or to schedule a tour. No. 4-1 SiShui Dao, Hexi District 300222 | (22) 8371 0900 ext. 311 | [email protected] Letter from the Editor Dear Readers, In recent weeks, the lockdown that has affected most of China at some time or another during the first part of 2020 is slowly passing, and we hear that life is now able to return to normal. However, the reality of that scenario is far from the truth as many people have still not returned to work, or at least they have not returned to work the way things were before the first signs of the coronavirus emerged. I see evidence that businesses are adapting to the changes pressed on them. For many, this means less staff, and for others, where possible, working from home. There are still huge numbers of students not at school despite the information that schools are reopening. Also, lots of students are now taking classes online. An industry that has yet to recover is the tourist and travel sector. Those markets could remain static for some time to come, and as yet there is no way of knowing when things will improve for them. Recent Past Editons When Beijing's new Daxing International Airport opened in late September 2019, it was hailed as an essential new airport for China, but mainly for Beijing, Tianjin and surrounding cities, including Baoding, Shijiazhuang, Langfang, ... This new airport has been designed to become the world's busiest airport, with an expected annual capacity of 45 million passengers to be achieved by 2021, and estimated to top 100 million annually in the near future. The terminal building is the largest single-structure airport terminal in the world, with an area of more than 1,000,000 m2. It was completed on June 30, 2019. In this issue we will look at the transportation options between Daxing airport and the cities of Tianjin, Beijing and Shijiazhuang. The airport is located near Langfang district, on the border between Beijing and Hebei Province. It is 46 km from Tiananmen Square, 130 km from Tianjin city centre, and almost 200 km from the city of Shijiazhuang, capital of Hebei province. Don’t miss the Last Words column, where our columnist Leoni tells us about the second part of her experience during her quarantine and isolation period after coming back from her home country to resume her work. 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 ADVERTISING AGENCY Managing Editor | Business Tianjin Magazine InterMediaChina [email protected] [email protected] PUBLISHING DATE May 2020 Business Tianjin is FREE For Members ONLY ISSN 2076-3735 www.BusinessTianjin.com Biz Briefs Contents May functions and attracts talent from all 24,651 passengers who failed to pass Tianjin News over the world. the health and quarantine inspection staying in the entry cities for a 14-day focUS 07 BIZ BRIEFS TIANJIN SCHOOL REOPENED FROM APRIL 20 TIANJIN, BEIJING AND HEBEI isolation, said Ma Bing, chief of the Beijing Daxing administration's Operation Monitoring International Airport 11 NUMBERS LOWER COVID-19 RESPONSE LEVEL Centre. The airport in Tianjin has handled the largest number of 12 ECONOMY In this article we will look at diverted flights so far with 30, followed the transportation options Rebound of the Economy by airports in Qingdao, Shandong between Daxing airport and province, and Hohhot, and the Inner the cities of Beijing, Tianjin and 14 FEATURE STORY Mongolian autonomous region, which Shijiazhuang. The airport is handled 15 and 14 diverted flights located near Langfang district, Recovery after Covid-19 Tianjin has gradually reopened schools, with classes for senior students in respectively, he added. on the border between Beijing 16 INSPIRATIONAL and Hebei Province. It is 46 km middle and high schools being TIANJIN EXTENDS 6 METRO LINES AND from Tiananmen Square, 130 Howard Schultz resumed on 20 April. Junior high Tianjin Municipality starting from schools, ordinary high schools, yesterday Thursday will downgrade its STARTS CONSTRUCTION OF LINE 13 km from Tianjin city centre, and 19 TRAVEL almost 200 km from the city of secondary vocational schools, higher public health emergency response for Shijiazhuang. Canaima education institutions and the COVID-19 epidemic from the top non-graduation grades and grades 4-6 level to the second level, said a local See Page 24 22 INvestMENT of elementary schools have reopened, health official. Gu Qing, deputy director while grades 1-3, colleges and of the municipal health commission, Tianjin-based CanSino Biologics universities should prepare to reopen said at a press conference that the INSPIRATIONAL 24 FOCUS in early or mid-May. Kindergartens and improving epidemic prevention training institutions will reopen after and control situation in Tianjin has Dreams are to be Beijing Daxing Airport realized the epidemic has passed. been further sustained, with the risk Six metro lines will be extended in Tianjin, with extension of one more Nowadays, this 28 TAX & FINANCE of transmission remaining overall having been approved, as follows: entrepreneur’s net worth CONTINENTAL POWERTRAIN UNIT controllable. Gu noted that Tianjin Striking back against the Line 2: Extension from Airport station is $4.1 billion. It is hard TO SET UP TIANJIN R&D CENTER will step up efforts to promote the to Airport Economic Zone; Line 5: to believe that he was outbreak of COVID-19 resumption of work and production Extension from Liqizhuang Nan to brought up in a poor and reopen schools, commercial 33 BOOK REVIEW Liyuantou; Line 6: Extension from working-class family. facilities, tourist attractions and public places in an orderly manner. Lushui Dao to Shuang Gang Industrial 34 TECH Zone; Line 8: Extension from Lvshui See Page 16 Amazon, Apple and Google TIANJIN AIRPORT HANDLED THE Park to Zhongbeizhen, Xiqing; Line 10: joining forces to make smart LARGEST NUMBER OF DIVERTED Extension from Yutai to Liyuantou; Line homes FLIGHTS FROM BEIJING 11: Extension from No. 1 Hospital to LAST WORDS Vitesco Technologies, the powertrain Houtai No.1 Hospital; New Line: Metro 36 MARKETING business of Continental, has Line 13. The line runs from Dananhe, Going back to China amidst the virus? Branding during COVID-19 Crisis announced that it will build a research Xiqing District to Jinzhonghe Street, and development center in Tianjin. Hebei District, with a total length of Yes, that was the reaction 38 BUSINESS NEWS about 21.1 kilometres. of family and friends when Vitesco Technologies will develop I officially announced I was 42 CHAMBER REPORT technologies for hybrid and electric ready to go back to China to powertrains in the new R&D center, FinanceFINANCE face the virus, the real reason 46 LISTING which is scheduled for completion in being that I want to get the 2021. The company's decision is based CHINA WILL LOWER 2020 GDP quarantine done and dusted 52 ART & LEISURE on China's position as the world's China has so far seen smooth TARGET TO 5% so I can get some normality Ping Pong and Badminton largest new-energy vehicle market as operations while international flights and structure back into my life. well as broad government support. due to arrive in Beijing are diverted 54 LAST WORDS The new R&D center will include a lab to other airports as their first port of where electric drive technologies can See Page 54 Going back to China amidst the entry, according to the country's civil be tested and validated with a wide aviation authority. As of middle of April, virus? array of advanced test facilities. It will a total of 106 flights bound for Beijing cover systems, software, electronics, have been diverted to 12 designated mechatronics as well as supporting airports, with about 84 percent of the I May 2020 7 Biz Briefs Biz Briefs China's purchasing managers' index U.S. bank to take full control of its internal investigation. Luckin Coffee 5G CHINA’s MOBILE CARRIERS tax exemption for two years, state (PMI) bounced back to 53 in March, mutual fund operations in China. announced that its preliminary TRY TO REPLACE WECHAT media reported on 31 March, quoting bolstering the country's confidence to investigation uncovered fabricated an executive meeting of the State ramp up efforts to achieve this year's YUM CHINA EXPANDS INTO transactions accounting for a total of Council chaired by Chinese Premier Li economic and social development CHINESE CASUAL DINING RMB 2.2 billion ($310 million) from the Keqiang. The extension of NEV goals, though some economists have second to the fourth quarter of 2019. subsidies and purchase tax exemption said that a GDP growth rate of 5% for Certain costs and expenses had also is expected to help China maintain its the year is acceptable. Data from the been substantially inflated, according leadership in the global NEV domain. National Bureau of Statistics (NBS) to the investigation. Based on its Due to the coronavirus spread and the showed that China's manufacturing falsified financials, Luckin Coffee was Spring Festival, China’s NEV sales public concern over animal welfare PMI for March recovered to expansion expected to generate $732 million in plunged 59.5% year-on-year to 59,705 and prevention of disease transmission territory at 52, after slumping to a sales in 2019, according to Investor units in the first two months.