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One Leader, One Team, One Operation Dialogue with Ugur Talayhan, Managing Director of 14 The Astor Hotel, a Luxury Collection Hotel, Tianjin, The Westin Tianjin and Sheraton Tianjin Hotel
The Sky is still the Limit for China’s Rapidly Expanding Air Travel Network 12 Why are government developers dominating the land sales market in Tianjin? 30 Managing Intellectual Property as a Business Asset 34 Bye-Bye Da Hutong and Hello Wang Ding Di 50 Types Of Chinese English Learners 67 Dear Readers, Business Tianjin July 2016 Summer has arrived and the new season is truly hot in many respects. The opening speech by Premier Li Keqiang in the Annual Meeting of New Champions 2016 happened between June 26th and 28th has made clear the commitment of China to lead the fourth industrial revolution.
On the other hand, the latest news coming from Europe pertains to shacking Asia and the global economy. United Kingdom has voted to leave European Union, their Prime Minister has resigned, Mayor of London has declared that he wants to be present during the negotiations and Scotland has mentioned already that it would like to be a part of European Union.
How will this news impact China and other nations? It is too early to make a judgment but it is certain that EU will not let UK leave with a good deal just for the sake of avoiding similar cases. At the same time, UK is the neighbor and has been a member of EU for many years, and they need to maintain this relationship in the best status possible. China will wait till the deal is clear, but it is already evident that many new www.businesstianjin.com opportunities would arise as UK is a major global player in several aspects. MANAGING DIRECTOR J. Hernan [email protected] This month’s Economy Report showed that Chinese economy has continued to witness persistent sluggishness in certain key sectors. The MANAGING EDITOR latest global economy presents an uncertain yet promising future for Mike Ross the Chinese economy. Implementation of VAT is already history. Things [email protected] become history in a few weeks or even days in China, thus indicating fast movement. EDITORS Elvira Cheng, Malaka Yattigala In this month’s Cover Story of Business Tianjin, we have featured an [email protected] interview of one of the most experienced actual leaders in Tianjin hospitality industry. Mr. Talayhan takes on the admirable role of CONTRIBUTORS Tracy Hall, Ben Hoskins, Chelsea Cai managing The Astor Hotel, a Luxury Collection Hotel, The Westin Robert Parkinson, Marwan Faddoul Tianjin and The Sheraton Tianjin Hotel, three of the most remarkable Philippe Healey, Justin Toy, Richard Cook hotels and landmark buildings of Tianjin. Priscilla Nolet, Michael Dow, Andrew Smith, Edmond Yang Our Feature Story analyses a new ambitious construction project. Chinese government aims to have 500 commercial airports up and DESIGNER Hu Yingzhe running by 2020 from 202 at the beginning of 2016.
MARKETING, Events & Promotions With our ear to the ground and eyes set on what will emerge on the Zhang Danni, Jenny Wang business horizon, we remain dedicated to bringing our readers the need- [email protected] to-know news so as to keep on top of all things business and economics.
PHOTOGRAPHERS For up-to-date business news in China and overseas, be sure to visit our Wang Yifang, Meng Yu website www.businesstianjin.com
DISTRIBUTION Yours Sincerely, Lei Hongzhi [email protected] Mary Smith
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Business Tianjin / July 2016 Tianjin News Second Year Anniversary @ Hyatt Innovative startups become Regency Tianjin East driving force in Binhai New Area The Second Beijing - Tianjin - Hebei ◄ One Leader, One Team, 05 BIZ BRIEFS Intangible Cultural Heritage One Operation Exhibition held successfully Dialogue with Ugur Talayhan, 09 NUMBERS Managing Director of The Astor 10 ECONOMY Hotel, a Luxury Collection Hotel, Tianjin, The Westin Tianjin and 12 FEATURE STORY Sheraton Tianjin Hotel The Sky is still the Limit for China’s With 27 years of extensive experience in Rapidly Expanding Air Travel Network the hospitality industry, Ugur Talayhan, an award-winning innovative thinker, joins 14 COVER STORY the Tianjin hospitality scene to breathe a One Leader, One Team, One Operation new lease of life to not one, but three, of Tianjin’s most iconic luxury hotels. After 20 dIALOGUE Hyatt Regency Tianjin East celebrated Innovative startup companies have a long career working amongst the many its second anniversary and Hyatt's 30 become a new driving force for Binhai Connected Thinking for Commerce Based on the theme of “Intangible different Starwood Hotel brands all over the years in Tianjin with about 200 guests New Area's growth according to an Cultural Heritage and Modern Life”, The world and achieving great success under and media at Wok in the Garden, official of the new area in Tianjin as it 24 INVESTMENT Second Beijing Tianjin Hebei Intangible a range of roles, from Executive Chef to Cash VS Shares and witnessed Hyatt’s successes and celebrates its 10th anniversary. Instead of Food and Beverage Director and more, Cultural Heritage Exhibition was held achievements in Tianjin on 20th May setting up a government-led incubator in Mr Talayhan takes on the admirable role between 8th and 12th June at Tianjin 27 INVESTMENT NEWS 2016. Hyatt Group leadership showered the area, the Binhai government has given of managing The Astor Hotel, a Luxury Art Museum. The exhibition comprised its congratulations on Hyatt Regency the floor to private companies to launch Collection Hotel, Tianjin, The Westin Tianjin 28 REAL ESTATE of several components: exhibitions, Tianjin East’s second year anniversary via their own incubators, or mass innovation and The Sheraton Tianjin Hotel. This month, Why are government developers special performances, folk activity, public a video. The Group President Mr. David space as they are called in the area. So far, we spoke exclusively to Mr Talayhan about dominating the land sales market in Tianjin? lectures and a new products conference. Udell said that Hyatt brand in China there are 15 such private incubators that histop world-class hotels. See Page 14 The purpose of this exhibition was to mainland started from beautiful Tianjin, have been or are about to be set up in the fully integrate the outstanding intangible ◄ Connected Thinking 32 IPR where the Hyatt name is synonymous area. They are owned by large technology Managing Intellectual Property cultural heritage resources in Beijing, for Commerce with hosting top-level guests, prestigious companies such as Tencent, Alibaba as a Business Asset Tianjin and Hebei and build a platform for Dialogue with Doris Hohmann, meetings and special events. and Baidu. Governments in Tianjin and cultural heritage protection, inheritance, Regional Manager of the Binhai New Area have set up a 1 billion 35 MARKETING exchange and cooperation. German Chambers of Commerce Tianjin is working on exascale Yuan ($152 million) innovation fund to in North China, Tianjin Office Four Ways Artificial Intelligence supercomputer project attract innovative companies. Having joined the German Chambers of Will Disrupt Marketing Commerce, Tianjin as Regional Manager in Macao Tourism institute debuts a 38 LEGAL ASSISTANCE GE’s Current Extends Smart City October last year, Doris Hohmann brings a successful launch in Tianjin PBOC promotes new cross border financing Deal with Tianjin breath of fresh air to the support of German rule throughout China businesses in the city through her creative and connected thinking and execution of 42 HR business and social events. As the economic Dos & Don’ts of Client Relationships and business potential within Tianjin continues to attract more foreign business to 45 FINANCE establish themselves, this month we spoke Charity related tax reliefs need to be further to Ms Hohmann to find out more about her clarified and the work of the German Chambers of A supercomputer capable of performing Commerce and what members are currently 48 ON THE HORIZON at least a billion calculations per second benefitting from being part of this circle. Bye-Bye Da Hutong and Hello Wang Ding Di will enter service by 2020, said the head Macau Institute for Tourism Studies, See Page 20 of the school of computing at the National ranked No. 1 for Bachelor level 50 MANAGEMENT University of Defense Technology General Electric's new energy and lighting ◄ Four Ways Artificial Intelligence courses certified by the World Tourism Better Leadership and Decision-Making (NUDT). As per the national plan for group “Current, powered by GE” said Will Disrupt Marketing During an Economic Slowdown Organization of the United Nations, had a next generation of high performance that Tianjin is widening its commitment The words Artificial Intelligence (AI) can successful launch of its plan for Tianjin’s conjure up images of cyborgs, robots, and computers, China will develop an to deploy Current's lighting-based smart potential candidates on 7th June. The dystopian futures like in the Terminator or 53 CHAMBER REPORTS exascale computer during the 13th city technologies and to develop a digital Institute will participate to help towards Matrix series. However, these images of AI 56 PAST EVENTS Five-Year-Plan period (2016-2020)."The infrastructure. A new memorandum of educating local professionals endowed don’t really reflect what AI is or where it is government of Tianjin Binhai New Area, understanding (MOU) between the two 58 LISTINGS with international outlook and cultivate heading. We can see some of the recent NUDT and the National Supercomputing parties calls for Tianjin to extend the service mindset for international visitors. progress of AI in self-driving cars and 63 TRANSPORTATION Center in Tianjin are working on the use of smart LED street lights beyond Macau Institute offering Bachelor degree Go-playing computers which have recently 64 Art & Leisure project, and we plan to name it Tianhe-3," the city's central business district which grabbed the public’s attention. However, to new high school graduates on tourism said Liao Xiangke, the school head. has been operating a Current intelligent it is AI’s potential to dramatically improve 66 BOOK REVIEW and cultural heritage management areas. lighting scheme since late last year. cost/benefit equations that has CIOs Intended high school graduates qualify 67 LAST WORD Tianjin will add sensors to its street looking into how AI might alter the business for application if they obtain a score lighting network and tie them into GE's they’re in and potentially disrupt the types of or above the first level standard of Predix cloud data system. of systems they use. See Page 35 admission.
4 July 2016 I Business Tianjin July 2016 I Business Tianjin 5 Biz Briefs Biz Briefs
FINANCE China Will Allow Foreign Firms to Wanda Agrees Deal with World Law & Policy TELECOMS GENERAL Issue Shares on Mainland Basketball Federation China Opens Its Markets to Reform of Consumer Spending Nokia signs $1.5 billion Over 90% Chinese Netizens Foreign Bank Card Companies Tax on Its Way framework deal with China Access News on Mobile Phones Mobile
China will continue to push forward with the two-way opening of domestic capital China’s largest private property Mobile phones have become a major markets, the central bank said in its 2015 developer, Wanda Group, has teamed up China will allow foreign payment card platform for Chinese internet users to get annual report. As a result, China will with basketball’s international governing companies to operate in the country Now that the value-added tax has become Nokia has signed a 1.36 billion euro news, with news apps stealing a march, now allow qualified foreign firms to issue body in a multimillion-dollar marketing under rules issued on Tuesday, potentially a reality, a number of experts have said one-year framework deal with China according to an annual report from stocks on mainland, the People's Bank of deal as it expands its global presence in giving groups like Visa Inc (V.N) that China has new opportunities to Mobile, the Finnish company said on Chinese Academy of Social Sciences. China said, adding that it would consider sports. Wanda chairman Wang Jianlin and and MasterCard (MA.N) access to its change the goods and services tax. Tax Monday, easing fears that it would lose The report finds that 93.5% respondents allowing foreign firms to issue Chinese FIBA secretary general Patrick Baumann 55-trillion-Yuan card payment market. adjustments are accelerating, expanding market share while it merges operations access news through their mobile depository receipts. A central bank said Wanda subsidiary Infront Sports & Visa and MasterCard, two of the world's in terms of scope and how they are levied, with Alcatel-Lucent. Shares in the phones, with 77.4% checking every day researcher said that foreign firms will be Media will exclusively sell and market largest credit and debit card companies, Economic Information Daily reported company were up 0.2% as of 1120 GMT and 17.8% several times a week. As of encouraged to issue and trade Yuan bonds the federation’s global sponsorship and have been lobbying for more than a on June 20, noting that energy-intensive versus a Helsinki bourse down 1.42%. December 2015, there were 688 million and sell shares in domestic markets with licensing rights for FIBA’s Basketball decade for direct access to China's cards products, top consumer goods and Nokia’s network equipment sales fell internet users in China, and 90.1% of a stock connection between Shenzhen and World Cup events up to 2033. The market, which is projected to become the services could be a focus of tax. In more than expected in the first quarter them (or 622 million) were mobile Hong Kong coming "at an appropriate alliance will also seek to develop China’s world's biggest by 2020. The rules came this, the focus shifts away from taxing as buyers held off due to the Alcatel users. According to the study, 88.6% time". national team and grassroot-level game more than a year after the State Council, production to sales and revenue generated integration process. China Mobile is respondents have downloaded news apps. in the country, which is hosting the 2019 China's cabinet, said China would is expected to be shared by central and Nokia’s biggest customer in China. More than half have at least three news Vanke Buys Shenzhen Metro Unit Basketball World Cup tournament. allow foreign firms to operate bank card local government rather than just being apps on their phones while nearly 40% for $6.9 Billion clearing businesses. the central government’s property. China Telecom Focuses On have 3 to 5 news apps. AVIC buys London-based aircraft Chinese in the US cabin interior supplier China Three Gorges To Buy China’s chief justice: Tianjin Fedex to Reduce Delivery Time German Wind Park Meerwind should play a positive role in in 340 Chinese Cities from Blackstone foreign-related cases
China Vanke, the mainland's biggest property company by sales, said it will Chinese aviation firm AVIC International acquire a unit of Shenzhen Metro Group Holding Corp has completed the An emerging player in the US FedEx Express, one of the world's largest for 45.6 billion Yuan via a new share acquisition of AIM Altitude, a China Three Gorges, which operates mobile space is expanding its user express transportation companies, will issue, making the state-owned subway Britain-based aircraft cabin interior the world's largest hydropower plant base by tailoring its services to the upgrade its domestic express services operator its largest shareholder. The final supplier, for an undisclosed amount, on China's Yangtze River, will buy Courts from Beijing, Tianjin Municipality Chinese population. China Telecom on Chinese mainland by reducing transit purchase price came at the lower end of from London based private equity firm German offshore wind park Meerwind and Hebei Province held their first joint Americas launched CTExcel - its US times by one business day between the 40 billion Yuan to 60 billion Yuan TowerBrook. Xu Tongyu, vice-president from U.S. buyout firm Blackstone. The conference in Beijing on May 31st. mobile service - last May, making more than 340 city pairs nationwide. guidance under a preliminary accord in of AVIC International, said AVIC will deal, signed during a visit by German The meeting was initiated by Supreme the telecommunications giant the first To better address Chinese customers' March as Vanke's management fought to use its strength to help AIM Altitude Chancellor Angela Merkel to China, has People’s Court (SPC) of China. Zhou Chinese mobile virtual-network operator demand for professional and customized retain control of the company in a battle expand its product range and expand its German government approval despite Qiang, China’s chief justice and president in USA. As China Telecom has become logistics services, FedEx will shorten with its major shareholder, financial geographic reach. This includes plans to growing controversy over Chinese of the SPC, addressed the meeting and the "go-to" telecom service provider for the transit time by one business day conglomerate Baoneng. According to supply galleys and other interior products takeovers of German businesses. called for better performance by the companies that have business operations between more than 340 city pairs and the deal, Vanke will issue Shenzhen to the new Airbus A330 completion center China Three Gorges, which seeks to coordinated judicial mechanism in the across China and the US, the company launch professional logistics solutions Metro close to 2.9 billion A grade shares in Tianjin and the new B737 completion expand beyond hydropower as it faces Beijing-Tianjin-Hebei region. Zhou is pushing forward to penetrate the for vertical industries, including the at 15.88 Yuan each, representing a 35 center in China. Mark Edwards, CEO of a saturated domestic hydro market, said that intellectual property cases in consumer market, said Joe Han, president healthcare, high-value, and high-fashion percent discount to its last trading price AIM Altitude, said he is looking forward will buy Blackstone's majority interest the region should be dealt with mainly of CTA. industries. of 24.43 Yuan on December 18th, in to the start of a journey wherein his firm in WindMW GmbH, an offshore wind in Beijing. He indicated that Tianjin exchange for SZMC Qianhai International can leverage AVIC's global strength and power joint venture. should play a more positive role in Development Co. wide existing customer relationships to foreign-related maritime and commercial expand globally. cases.
6 July 2016 I Business Tianjin July 2016 I Business Tianjin 7 Biz Briefs Numbers CHINA IN THE WORLD First Disney Resort in Chinese Six-year-old Chinese can now Mainland Opens in Shanghai apply for Australian student visa Construction of HK-Zhuhai-Macao Bridge Making Progress 2.5 7 10.3 China’s economy is expected Tianjin Airlines have been offering China’s box office is predicted to to reduce by 2.5 per cent by the their inaugural flights from London surpass that of USA with estimated year 2060 due to the effects of to Tianjin and Chongqing for as revenue of $10.3 dollars, signalling bad air pollution. Air pollution is little as 7GBP. the wide expansion of Chinese film expected to shrink the global industry. economy by 1 per cent by 2060 The Shanghai Disney Resort, with Chinese pupils from the age of six Experts say construction of the Hong and it is estimated that effects of a unique blend of Disney magic and can apply for student visas to study in power plants and traffic fumes will Kong-Zhuhai-Macao Bridge is expected Chinese culture, officially opened on Australian schools from July, according to be completed in the fourth quarter triple the number of sick leaves Thursday. Located in Pudong District, to Australia’s new student visa policy taken. Emerging economies like of 2017. Starting from Lantau Island the 3.9-square-kilometre Shanghai resort announced recently. From July 1st, pupils China and India are expected to in Hong Kong, the Y-shaped bridge is the first Disney resort destination on can apply to study in Australia with a be hit the worst. will have a total length of about 55 km, Chinese mainland and sixth the world streamlined visa application, and their including a 6.7 km underwater tunnel and over. The resort includes a theme park parents can apply to accompany them, a 23-km bridge over the sea, making it the Shanghai Disneyland; two themed according to the latest policy announced longest cross-sea bridge in the world. The hotels; Disneytown, a shopping, dining by the Department of Immigration and bridge will serve as an important channel and entertainment district; and the Border Protection in Australia. The linking Hong Kong, Macao, Zhuhai and recreational Wishing Star Park. With Streamlined Student Visa Framework the western part of the Pearl River Delta, investment of around 34 billion Yuan permits students to apply for all one of the most economically-developed (about $5.2 billion dollars), the resort elementary schools in Australia with a 6 areas in the Chinese mainland. is a joint venture between Walt Disney two-year valid term. Industrial production in China rose 10 Company and Shanghai Shendi Group. by 6 per cent from a year earlier Retail sales in China climbed up by in May according to the National 10 per cent in May. Bureau of Statistics.
Freelance Writers & Editors 3 needed at Tianjin's Apple Inc has opened up their third Apple store in Tianjin’s popular Premier Business Magazine! Galaxy Mall, making it the 39th store within the Greater China region. Apple has been speeding up plans to expand its store bases 5 in the country, and is already well 600 on its way to reaching its target of China Life Insurance granted It is estimated that the Chinese 40 stores by the middle of the year. China’s largest mobile Virtual Reality (VR) market will be transportation solution provider Didi worth 5 billion Yuan by the end of Chuxing a strategic investment of the year. This is a significant growth $600 million. from the 1.54 billion Yuan it was worth at the end of 2015.
July 2016 I Business Tianjin 9 Economy Economy
is sitting on the balance sheets of During the conference there was a lot What is needed now is for the many key regions. However financial of discussion about potential tensions other parties to fulfil the matching commentators are increasingly between China and the EU over trade obligations they had promised," July Economy Report paying attention to corporate debt matters. In recent months there have Premier Li Keqiang told reporters By Andrew Smith as it is becoming ever more apparent been widespread fears within the in Beijing on Monday alongside the that the absence of high growth in European country’s heavy industries German leader. "We don't want to key industrial sectors is affecting that if China is granted market fight a trade war because this will company’s abilities to fulfil their economy status by the World Trade benefit nobody," he said, echoing a borrowing obligations. Last week the Organisation the EU will be flooded similar comment Merkel made on IMF sounded the alarm bells, saying with cheap subsidised products that Sunday. that the corporate debt situation in will do massive amounts of damage China has the potential to turn sour to domestic manufacturers. Merkel The broader international picture is and impact the broader economy in a has long said that she widely supports going to be crucial for China in the significant way. the switching of trade status, as long latter half of the year, particularly if the recent turbulence in global “Corporate debt remains a serious — financial markets persist. Although and growing — problem that must Corporate debt it is yet to be seen whether a be addressed immediately and with a remains a serious so-called ‘Brexit’, a Donald Trump commitment to serious reforms,” said - and growing - presidency and implementation David Lipton, the IMF’s number two of China’s new economic strategy and the leader of its latest mission, problem that must will be beneficial to the global which ends on Tuesday. During be addressed economy in the long run, the reality his speech in Shenzhen, Mr Lipton of these outcomes happening and pointed to the potential risk to the immediately and with turning sour is making people run global economy. “We have learned a commitment to away from risky asset classes and is over and over in the past 20 years serious reforms making the probability of big market how disruptions in one country’s corrections all the more higher. economy and markets can reverberate Given how fragile China’s financial worldwide,” he said, citing the global as China also fulfils its promise to markets have already been in the “spillovers” from last year’s turmoil in open the country up for increased last couple of years and how slow Chinese markets. Lipton warned that foreign investment and reduces exports have been, the importance of ver the last month the In other areas however it has been government spending has been efforts to address China’s corporate the amount of capital controls that investor sentiment across the entire Chinese economy has pretty much more of the same. One somewhat subdued, up 12% through debt load — which at 145 per cent of overshadow the country’s financial global financial sector cannot be continued to see persistent of the relatively bright spots of the April compared with a year earlier, GDP was “very high by any measure” markets. Nevertheless, the Chinese understated. Osluggishness of certain key sectors and economy, the all-important housing but slower than the 20%-plus growth — had seen only “limited progress”. Premier sought to ease any concerns slowing down of the broad economy market, which drives a third of the in the second half of last year. What is about the new trade deal leading to as a whole. It was not all bad news. economy when counting impacts more, a local government bond-swap One of the big talking points this chaos. "China has already fulfilled Visit us online: According to the most recent data on ancillary industries, has started program was less active in May month has been the high stakes its obligations on joining the WTO. obtained from the National Bureau to look healthier in the last couple than previous months. Not having meeting between German Chancellor btianjin.cn/160701 of Statistics, Industrial production of months but there are still some made any overt easing moves in Angela Merkel and Chinese Premier rose 6 percent from a year earlier in worrying signs. Housing sales recent months has left policy makers Li Keqiang. The two nations, which May, matching economists’ estimates. and new starts grew in May, but with several options to choose are the world’s second and fourth Moreover, retail sales climbed up by at a reduced pace compared with from. The trouble is, with debt and largest economies, have seen a 10 percent last month, while fixed- previous months. The recent recovery overcapacity high, all these choices substantial growth in trade over the asset investment increased by 9.6 of the property market, which has face diminishing returns compared last decade and have engaged in a percent in the first five months of been largely driven by looser lending, to past years. At this point the best wide variety of public and private 2016 -- missing all 38 economist may be showing signs of turning over outcome that investors can hope for strategic cooperation that is aimed at forecasts and the slowest pace since as local governments clamp down is a Chinese economy that continues boosting economic growth for both 2000. Combined with improving on overheated markets. The People’s to slow slowly. But even that may be sides. China’s ability to maintain imports and moderating factory-gate Bank of China (PBoC) has not cut asking too much. a good working relationship with deflation last month, the data suggests interest rates since October, nor has it Germany is also crucial because Mrs that policy makers have underpinned reduced banks’ reserve requirement The debt situation also continues Merkel and her administration are of the near-term outlook with monetary ratio since February. to provide cause for concern. Until course the most influential members stimulus and fiscal support, even recently most of the focus has been of the European Union, the Middle as restructuring initiatives in some In terms of the fiscal part of on high levels of public credit that Kingdom’s largest export market. industries start to bite. the equation, growth in central ▲ Corporate Debt
10 July 2016 I Business Tianjin July 2016 I Business Tianjin 11 Feature Story Feature Story
on. The local authorities in popular coastal economic and tourism hubs Dalian and Xiamen are building The Sky Is Still the Limit brand new islands to accommodate the respective cities’ new airports. It has been reported that the cost of for China’s Rapidly Expanding landfill in Dalian alone will surpass 26-billion Yuan. Chongqing is currently undergoing a 30-billion Air Travel Network Yuan expansion of its own, which By Tracy Hall is hardly surprising given that it has the fastest growing GDP of any regional economy in China. And of course there is the construction of a new airport that will serve the ultra-popular Sichuan tourist city of Chengdu. The new air hub will have six runways and four terminals and ▲ Tianjin Binhai International Airport is thought to be costing more than 70 attracting airlines in the early days," delays. Bloomberg has reported that billion Yuan to build. Li Ping, deputy chief of the airport's “Chinese travellers are spending expansion steering committee, told more time at airports and on Reuters. "Now we are struggling to aircraft as flight delays worsen. The The Chinese accommodate flights". Mangshi is one average delay for flights in 2015 was authorities are of the more than 60 inland airports 21 minutes – two minutes longer looking to have 500 under expansion, with another 30 than in 2014, the Civil Aviation ▲ Beijing capital international airport new regional airports being built. Administration of China (CAAC) hina has long been encouraging airlines to integrate with With the rapidly increasing numbers commercial airports said in a report. Air China, China synonymous with making the Internet, creative economy and tourists and business people flying up and running by While this rapid expansion of the Eastern Airline and other carriers highly ambitious construction tourism”. into major Chinese cities from both 2020 nation’s air travel network is good which are expanding their fleets Cprojects a reality. This has included international and domestic air hubs, news for businesses and travellers and budget carriers, have emerged everything from highways to high- If the government’s target is met, there is a lot of pressure on those alike, there are some notable as economic growth spurs travel speed rail lines and skyscrapers. The which at the rate they are building places that already have highly downsides to consider and bumps demand in China, where the military rate at which the Middle Kingdom new airports seems likely, then that developed transport networks to And it is not just about boosting that need to be ironed out along the dominates the country’s air space”. has been building and opening up will be a truly amazing feat that will expand even further. Most notably inbound and outbound tourism way. The most obvious concern is of brand new airports and adding once again set China apart from the the central government announced in big cities. The current airport course the potential environmental These potential downsides to China’s incredible new airport terminals to rest of the world in terms of forward last year their plans to build a building boom is going to open up impact of more air traffic. These days airport boom will definitely require existing air travel hubs is also awe- thinking, efficient planning and mammoth new international airport a world of opportunities for the air pollution is not just an inner city careful consideration. However, inspiring. breakneck speed of construction. that will serve the capital from third tier and lesser known cities issue – it is affecting many of the there is no denying that the benefits But the prestige is of course just a the next decade onward. Aviation that until now have not benefitted more rural places where some of will eventually out-weigh the costs, At the start of this year the country by-product of visionary leadership, industry commentator Francis Chao as much from the infrastructural these big new airports are going to particularly for those relatively small had 202 fully operational commercial clever infrastructure investment and points out that “The New Beijing revolution that has taken place in be constructed. With environmental provincial cities that have huge airports. A recent guideline issued hard work. The real rewards will be Airport is designed to accommodate the last couple of decades. So too is issues being so prominent within growth potential if they gain more by the central government stated the boost that the wider economy 45 million passengers annually on the increasing demand for air travel economic and political discussions access to the wider Chinese and that the Chinese authorities aim to gets and improvements in Chinese its opening date in 2019, eventually that has been sweeping the nation there is obviously going to be some global markets as a result of better air have 500 commercial airports up citizens’ quality of life as a result of reaching 72 million passengers for the last few years. A recent article concern about how green this airport links. and running by 2020. The Financial more access to air travel. A larger annually in 2025. Four runways and by Reuters highlighted an interesting building boom can be and how much Express reported that “China will network of airports, if managed and a 700,000-square-meter terminal are case in point, focusing on the city carbon is emitted as a result of all the encourage private investment in maintained properly, means faster central components of the project, of Mangshi. When the city opened extra air traffic. delivery of good, more competition its airport two decades ago, this the general aviation sector, boost and the final phase of construction Visit us online: pilot training and expand the use – which in turn leads to lower prices will result in a total of seven runways small tropical city on China's border Moreover, as more planes take to of general aircraft in disaster relief, for consumers and more options and 100 million passengers annually”. with Myanmar was served by few the sky the increasingly congested btianjin.cn/160702 emergency medical services and for businesses – and a greater share airlines. China's recent travel boom skies, particularly around the major environmental monitoring, as well of wealth across the country. All of Elsewhere in the country there are has changed that - seven carriers cities, are already resulting in as national land and resources these things will benefit the growing albeit slightly less expensive but brought in more than 1 million lengthy delays. In fact the country exploration. The government is also but slowing economy and Chinese equally ambitious projects going visitors last year. "We had a hard time already has a reputation for flight society as a whole.
12 July 2016 I Business Tianjin July 2016 I Business Tianjin 13 Cover Story
Are there any key moments in your in Britain. It was a great achievement. life that have got you to where you One of my General Managers advised are today? me to leave the kitchen. Initially I said no because I enjoyed being I’ve always had a strong sense of in the kitchen, but he made me entrepreneurialism, even from a realise that it is better to make that young age. At the age of 6, I used to transition at a young age. He told me, take a big cold bottle of water along “It doesn’t matter how good you are, with a few cups and I would go and you will always remain in back of sell water to people who played house when you should be in front football in the nearby fields. My of house.” That was an eye-opening family were always very surprised as discussion for me and so I became to where I got my ideas from but I the youngest ever F&B Director and think I’ve always had a good eye for Executive Chef for the Starwood seeing what is really needed around Europe Division at the age of 29. me and making the most of these I enjoyed the front of house role kinds of opportunities. because I could lead more people and have a greater impact. I began my first official job at the age of 15 as a chef’s assistant; washing, I’ve always had peeling, chopping in the kitchen. a strong sense of Later, I became ‘Chef of the Year’ in Turkey at the age of 20. That for entrepreneurialism, me was a life-changing moment. I even from a young became well known for my skills age. and it spurred me to carry on this route. The Turkish Government even One Leader, selected me to be the Director of the You are responsible for managing Turkish Culinary Team. At the age three of the most iconic luxury of 22, I started travelling around the hotels in Tianjin. What are some of world. Later I became the Food and the challenges you face under this One Team, Beverage Director and transferred to role and how can you overcome London for course training and work them? experience. One Operation I was the first Executive Chef to London is a great city to hone in be simultaneously made an F&B Dialogue with Ugur Talayhan, Managing Director of your culinary skills. I studied at Director in Europe, after which The Astor Hotel, a Luxury Collection Hotel, Tianjin, Westminster College with the likes started a trend for the rest of the The Westin Tianjin and Sheraton Tianjin Hotel of famous chefs like Jamie Oliver. continent. For me, the role is of Later, I continued my studies course challenging. It is not easy By Annie Ly at Thames Valley University for to manage three hotels and three Advanced Culinary and Hospitality different teams at once but I can see Management. The more I did and the the light at the end of the tunnel ith 27 years of extensive experience in the hospitality industry, Ugur Talayhan, an award-winning more I learned, the more I knew I is very bright. One of the biggest innovative thinker, joins the Tianjin hospitality scene to breathe a new lease of life to not one, but loved this job. challenges I face is not being able three, of Tianjin’s most iconic luxury hotels. After a long career working amongst the many different to be in three locations at once, but WStarwood Hotel brands all over the world and achieving great success under a range of roles, from Executive Chef to Food and Beverage Director and more, Mr Talayhan takes on the admirable role of managing The Astor Hotel, I loved cooking. In 2001, I was so far I love working with three a Luxury Collection Hotel, Tianjin, The Westin Tianjin and The Sheraton Tianjin Hotel. This month, we spoke recognised as one of the Top 3 chefs different locations, teams and brands. exclusively to Mr Talayhan about his successful career and his vision for some of Tianjin’s top world-class hotels.
Apr 2016 I Business Tianjin 15 Cover Story Cover Story
Luckily I am very familiar with all of the brands. I have had experience of working under the Sheraton, Westin and Luxury Collection, so I know what each brand requires. On top of that, I have also had experience working for The St Regis and Le Meridian; so knowing most of the brands allows me to drive towards what the guests need.
Appointing one manager for three hotel brands is a new concept and model of leadership. Will this be the latest trend in hospitality management?
Going forward, I think it is a good model. One of the advantages is that the owner is the same across the three properties which is financially beneficial. Being able to merge departments and appointing just one ▲ The Astor Hotel, a Luxury Collection Hotel, Tianjin Financial Controller, one Director of HR or one Director of Sales and Marketing and so on, allows one good idea to be rolled out across three different hotels. It makes lows, we forget that we are here for becomes difficult to run the business in Europe and other countries. The processes much faster, smoother and business. Owners and companies in the long term. focus for China should be to be more efficient in terms of decision must make profit. It is great for proud of their culture and show that making. I see this as a good and consumers because I have never to the rest of the world. The people positive trend, especially if there are seen such top brands at such low We must keep the of China are hard-working. They others willing to work as hard as me rates before. But the message I am don’t mind working long hours to make this model work. integrity of the trying to bring to market is that we hospitality industry with challenging work and this is should not keep reducing rates just something they can impress on other What are your thoughts on the to attract business. We should offer intact. countries. nature of competition in Tianjin’s what we have to, provide quality luxury hospitality industry? and excellence and I’m certain that With your international experience Likewise, there are many great guests will continue to visit us for the and the things you’ve learnt over hospitality brands in China at It’s a very competitive market in best quality experience, regardless of the course of your career, are there the moment but this needs to be Tianjin and it’s very dramatic. We price. any lessons China can learn from recognised in the global industry. must not forget the main purpose of other countries or vice versa? There has been a huge improvement hospitality for the sake of remaining We must keep the integrity of the in the Chinese hospitality industry in competitive. It’s a tough market and hospitality industry intact. If you At the heart of Chinese culture is the last five years and it continues to the biggest winners are consumers. keep reducing the price, you reduce family and along with that comes get better and better. If we continue to compete with something else. With it comes gatherings, being together to eat and each other in such a way that rates reduction in quality and then it drink. That could be more prominent continue to be reduced to record ▲ Romantic Wedding at Victorian Lounge
16 July 2016 I Business Tianjin July 2016 I Business Tianjin 17 Cover Story
I’d like China to look at the hospitality industry as something very special and not something to be looked down on. I started this job to make people happy and improve people’s lives rather than just serving. We are here to create experiences and not be seen as servants. I’m here not just to make customers happy, but also have a positive impact on my staff, which will in turn have a ripple effect on their own families and kids. This has always been a goal of mine, wherever I go.
Knowing most of the ▲ Sheraton Tianjin Hotel brands allows me to this industry. There are so many drive towards what opportunities arising left, right and the guests need. centre. Companies are growing and the industry in China right now is What has made you remain in this booming with so many different industry for so long? brands. Consumers are also more aware. They know what they want Starting very young and seeing that I and know what they expect, and can make people happy is the reason they don’t mind paying for top I started and continued. quality service. There are currently more budget hotels in the market I always wanted to join the five star which provide more simple and hotel industry because the people are basic experiences. This segment elegant. The clientele are what makes will continue to grow. But, the it attractive. luxury segment will continue to be ▲ Garden Wedding at Sheraton Tianjin Hotel successful and I see this segment as What is the future of the hospitality growing also. industry in China? Do you have any final comments? China should look at the positive side of what they can gain from The future is now. The only way to achieve greatness in this industry is by working together to make things grow in an efficient and effective way to achieve excellence.
Visit us online: btianjin.cn/160703 ▲ The Westin Tianjin ▲ The Westin Tianjin Lobby July 2016 I Business Tianjin 19 Dialogue Dialogue
management which means to support office in Tianjin operates under our business community and represents German companies, institutions office in Beijing that covers the North its member's interests towards Connected Thinking for Commerce and organizations. In Tianjin, most China region. stakeholders including governmental of these companies come from and public stakeholders. production and manufacturing Dialogue with Doris Hohmann, To emphasise the sectors. Another very important With so many diverse businesses Regional Manager of the German Chambers of Commerce part of my role is the organization word ‘development’, and industries currently working in and execution of Chamber events in I think there is a lot of Tianjin, how do approach your role in North China, Tianjin Office Tianjin. to cater to all their different needs room for growth in this and interests? By Annie Ly We run many social and business city. events. For the latter, we invite It is difficult to reach out to everyone company representatives of member since most member companies are companies to discuss matters that In mainland China we have 2.600 aving joined the German Chamber of Commerce, Tianjin as Regional Manager in October last year, Doris distributed widely around Tianjin. they care about such as HR issues or members in total, 600 in the North Hohmann brings a breath of fresh air to the support of German businesses in the city through her creative Besides my regular job, I personally provide law and legal advice, as well China region and 80 in Tianjin and connected thinking and execution of business and social events. As the economic and business potential like to focus on a sustainable as visa support. For social events, itself. Our members vary from big withinH Tianjin continues to attract more foreign business, this month we spoke to Ms Hohmann to find out more about integration of all German, Chinese we organise our annual soccer manufacturers such as Volkswagen her and the work of the German Chamber of Commerce and what members are currently benefitting from being part and everybody interested in the tournament, Christmas markets or and Airbus to small and medium of this circle. German community and Chamber networking events. We know that sized companies. The sectors our activities to bring businesses together. extending and developing your members come from range from Could you give us a brief networks is important for businesses, automotives, machinery, tools, introduction to yourself and how Besides this, we find that many so we try to offer creative and aviation, hotels and education. What you got in your current position as different types of companies supportive events to aid them to do makes the members’ base different Regional Manager of the German experience the same kinds of that. in Tianjin is that we also have a lot problems or issues, for example, Chambers of Commerce, Tianjin? of SMEs as members that we like Could you give us a brief overview attracting talent, talent retention Before my university studies, I gained to consider “hidden champions”. of what the German Chamber of or increasing wage level. At our some valuable work experience with They may not be well known at Commerce in China does, who breakfast seminars, we bring together the German Chambers of Commerce first sight, but they are really good its members are and what the many managing directors and and Industry in my hometown, at what they do. Strong examples Chambers does for its members? department managers from different Bonn. Under my role, I specialised include successful companies such as for the department of Vocational sectors to get valuable information The German Chamber of Commerce Turck Technology in XEDA or Wago Training and Further Education. about how to deal with their in China is the official member Electronic in Wuqing. Later, I was studying International problems, as well as communicate organization which represents Business in the Netherlands and with each other to exchange tips and German companies doing business The German Chamber helps its part of this course involved taking advice. in China. In Mainland China, there members succeed by providing up an internship in Singapore for six are three main offices of the German up-to-date market information months. There, I also worked at the What are some of the biggest Chamber of Commerce; in Beijing, and practical advice. It offers a German Chambers of Commerce. I challenges you face in your role? Shanghai and in Guangzhou. The platform for the Sino-German found the international experience interesting, especially the Asian The greatest challenge is to wait and culture. For me, I always wanted to be patient with feedback if there are work in a job that covered a lot of many parties involved. I am always business fields as well as follow my eager learning new efficient ways passion to work abroad. When the of working methods. I find myself opportunity to work for the German challenged with the art of being Chamber in Tianjin arose, it felt like patient, instead of appearing as too it was the perfect time to take on a demanding. I am always keen on new, yet familiar, challenge. Now I improving my performance and am very happy in this role. knowledge about how to shape task related processes. Can you tell us more about what your role entails? This job also requires you to find the As Regional Manager, I am connections between people; use responsible for the membership connected thinking to see if there
20 July 2016 I Business Tianjin July 2016 I Business Tianjin 21 Dialogue Dialogue
is anyone who can be introduced to such as infrastructure, and there is This first half year we have had a and find out new information, it is challenges and expectations of and marketing opportunities for help each other. Although it can be still a creative element missing; like a good run in terms of business and important to be proactive and do German companies. We also have potential business. For example, we challenging at times, I really enjoy mixture of 798 Art District in Beijing social events. We had the opportunity something with that information to our annual Wage and Salary Survey have a range of channels such as our this aspect of the role. or Tianzifang in Shanghai with an to hold the official Day of Logistics the benefit of each other. Scrutinise which discloses information about bi-monthly magazine ‘GC Ticker’, international surrounding and casual at Siemens SEDL in order let our what you know and think of ways the labour market. brochures or website. Members What are your impressions of coffee shops. members gain insight of the logistical you can facilitate business exchanges can be Yearly Sponsor and get high Tianjin and its potential for business process of a very well-known to make strong relationships. Scrutinise what you attention in terms of their marketing German company. or new restaurants and hotels can and industrial success in the future? I like to find the know Why should German companies become a Benefit Partner. This means connections between Apart from our major events, such members are granted a range of There are so many industrial become members of the German as the New Years Reception and Secondly, as discussed, we organize advantages or discounts, as well as development zones in Tianjin. To people Chambers of Commerce? German Night, we introduced a new informative business and social further marketing opportunities. emphasise the word ‘development’, event. Our Business Match Making events for further development and I think there is a lot of room for The German Chambers of Firstly, we are an information and enabled different business people and extensive exchange. We always aim growth in this city. Alongside that, Commerce in Tianjin run over exchange platform for German What can members look forward to young professionals to quickly chat to do this in creative and compelling the people here have a real desire to 50 events a year. Can you give an business in China. This means from German Chambers in Tianjin about potential future opportunities. ways to deliver good and innovative do more and want to attract more overview of some of the events or that we offer updated and reliable in the near future? What events or With just two to three minutes to services for our members. German business because they care activities you have been working information and contacts, such as our activities will be organised? speak to each person, it was quick about quality of their products. There on recently to the benefit of your yearly Business Confidence Survey and dynamic and forced people to Last but not least, our platform can is still more that can be developed, members? which shows current economic We will continue with one of our communicate. It allowed people to generally be used for networking popular social events, our annual see potential in each other and make Soccer Tournament in October and those key connections about how of course we are planning a festive they could benefit each other. Christmas market in December. In the near future, members can Which of these activities have you look forward to a company visit enjoyed organising most and why? to a famous car manufacturer, but we’ll be keeping the name a Overall, I enjoy all our seminar, secret until closer to the time. The workshops and social events. As a German Chamber is also planning very cosmopolitan person, I prefer a roundtable series for several interactive events with high content. pertinent topics such as Industry This brings local people and expats 4.0, HR, “Mittelstand” for SMEs and together. If participants are satisfied more. This gives our members more and provide us positive feedback, we opportunities to exchange about know we organized it perfectly. their knowledge and experiences. Besides that, we will continue with In your opinion, what is the key to regular tax, law and HR updates for developing strong relationships and our members to provide them with networks to ensure businesses and more useful information for running industries to flourish? their business. This month, we will organize a special German movie evening – of course with Chinese Although it is a simple concept subtitles. We hope this will promote in our daily life, either business a better understanding and mutual or private, communicating and appreciation of Western and Eastern listening to others is crucial. Apart cultures. Everyone who is interested from listening, the key to developing can join! strong relationships and maintain them is the ability to approach people, using the appropriate choice of communication channels and finding a constructive way to compromise. Many people forget Visit us online: how to do this in the right way. Once btianjin.cn/160704 you have made new connections
22 July 2016 I Business Tianjin July 2016 I Business Tianjin 23 Investment Investment
Lewis also highlighted that the easily accessible bank account While these new findings are tracker fund lost money up to a rather than using it to buy shares or definitely worth considering, it has Cash VS Shares The Emergence of third of the time over investment other less liquid assets. If a golden to be conceded that there are a still periods ranging from one to 11 years opportunity comes along that requires some very compelling reasons to - whereas cash savings will always large amounts of capital investment favour stocks, bonds and other, more grow. The research took into account but your cash is tied up in stocks active investment strategies. Since the an Interesting Revisionist Perspective dividends reinvested in tracker and that are relatively down in price or study was brought to light, a number any interest earned reinvested in cash bonds that are not liquid it is simply of high profile money managers and By Michael Dow savings, so gains from compounding a case of missing out on a potentially financial commentators have come were included in both cases. Over lucrative venture. Then there is to the defence of shares. “A balanced the whole period shares did win out obviously the fact that so called ‘rainy savings approach encompasses both but by a small margin that is small days’ do often come around when we cash and shares in order to maximise enough for savers to question whether least expect them, and having cash on returns while providing some ballast” the risk was worth it. Moreover, hand is definitely preferable to having says Laith Khalaf of DIY investment Lewis argues that money invested in it tied up. broker Hargreaves Lansdown. Savers best buy cash over the whole 21-year who are very risk averse, or who may period from 1st January 1995 to 1st need their money in less than five January 2016 would have produced The tracker fund years’ time, should stick with cash, an average annual compound return lost money up to a as over shorter periods the chance of 5 per cent, while the tracker would of losing money on the stock market have produced a compound annual third of the time over is higher. “However, with cash rates return of 6 per cent. The 1 per cent investment periods on the floor and showing little sign difference is far lower than the 3-8 of perking up, it is only prudent for per cent typically quoted as the ‘risk ranging from one to investors to consider putting their premium’ of investing in shares rather 11 years - whereas long-term money into the stock than cash. cash savings will market. This is particularly the case given that charges on tracker funds always grow. have been cut to the bone, thanks to There are of course some other the passive price war that has been benefits of keeping cash in a relatively
he old saying that ‘cash is king’ the short term over the last few years ground breaking new research, which is not always taken seriously than in times gone by, there is plenty covers the period from 1995 to the by investors. In this era of rock of evidence to suggest that in the long present day, assumes savers are savvy Tbottom interest rates on savings and run it is far better to put your cash enough to find the best buy account rampant central bank money printing, to work rather than leave it to gather and move their money into it every which has highly undesirable effect dust or measly rates of interest from year. In accumulating the data Lewis of eating away at the value of paper the bank every year. compared returns from the top one- money, nobody in their right mind year deposit account each year since wants to have tonnes of spare cash 1995 to the money made on a simple However, if the findings of a new sitting around in bank accounts, or tracker fund cloning the performance study by BBC journalist and worse still, hidden under the mattress of the top 100 shares listed on the respected financial analyst Paul Lewis for a rainy day. Instead the seemingly London stock market. This 'active are to be believed, there might be a most logical thing to do is put the cash' beat the tracker in 57 per cent much stronger case to be made for capital to work by investing in stocks, of 192 rolling five-year periods from cash than what many of us previously bonds, real estate, commodities 1st January 1995 onward. And cash overlooked. The high profile financial or some other kind of asset that did even better over longer periods, journalist has carried out a huge study will hopefully produce a healthy beating the tracker fund 96 per cent which challenges the conventional combination of capital appreciation of the time in the 84 rolling 14-year wisdom that investing in stocks is and dividend income. Even though periods since 1995. more rewarding than saving if you these asset classes have arguably also stick with it over the long term. The been less secure and more volatile in
24 July 2016 I Business Tianjin July 2016 I Business Tianjin 25 Investment Investment News Stocks and Shares research assumes the investment option is being fully invested in FTSE 100. It is true that many people who are not taking advice won’t have enough diversification in their portfolios and are likely to be taking too much risk. “However, Paul is absolutely wrong when, referring to the likelihood of the FTSE-100 falling, he says that “few advisers know these odds, still less inform their clients of t h e m”. Microsoft to Purchase Linkedin for £18.5bn Microsoft has signed a surprise allows people to network with fellow Summing up, there is definitely a deal to buy the professional social professionals, upload their CVs good case to be made for keeping a network LinkedIn for $26.2bn and apply for jobs. Jeff Weiner will significant amount of your net worth (£18.3bn) in cash. In a statement, the continue to head the social network, raging for the last few years.” Khalaf reading and should at the very in cash. Safety is extremely important, tech company said LinkedIn would and will report to Microsoft's chief also notes that active funds, where a least be ‘food for thought’ for many as is the ability to take advantage of "retain its distinct brand, culture executive Satya Nadella. manager tries to outdo the market, investors. Some of the assumptions new opportunities when they arise. and independence" following the are also available to investors. “On he makes are not practical, such as The acquisition comes four years after However, there is also an array of very acquisition. Microsoft is to pay $196 average these have comfortably being able to instantly access the best LinkedIn was hit by a major cyber compelling evidence to suggest that (£139) per share for the growing beaten the FTSE 100, and some have paying savings account each year and attack - and last month a hacker even if one takes more cautious route company - a 50% premium on the wiped the floor with it” he says. for non-Isa cash savings not being caused alarm by claiming he had of parking money in index funds, stock's closing price last Friday. liable to tax on interest (in the past). more than 100 million logins for sale. as opposed to actively managed LinkedIn, which boasts of more However, his numbers still have some Source: Sky News Other analysts have pointed out that mutual funds and the like, returns than 430 million users worldwide, merit. It is an easy counter-argument while Lewis raises some interesting on investment over the long term to say that many active funds Pound at Two-Month Low on Brexit Fears questions about the value of cash are phenomenal – especially when outperform the FTSE 100 index. versus index trackers there are compound dividends are factored in. The pound dropped to a two-month announce more stimulus after its However, the reality is that many some important methodological So hang on to your cash, but not all of low and the yen rallied as jittery policy meeting ends on Thursday. active funds also under-perform concerns that need to be addressed it. investors shifted into safer assets on With next week's referendum on and many investors make wrong before investors start keeping more worries about Britain's possible exit whether Britain should stay in the decisions, such as jumping into shares of their hard earned savings into from the European Union. The flight EU on a knife-edge, analysts said near the top of the market”. bank accounts. Patrick Connolly, to lower-yielding investments came traders were rushing to safe-haven of financial services firm Chase de Visit us online: as Asian stock markets plunged, with investments. "There are genuine dealers awaiting meetings this week Brexit risks as the price action in the Vere, says: “The research produced What’s more, Connolly reckons that btianjin.cn/160705 by Paul Lewis makes interesting where Lewis is wrong is that the of the US and Japanese central banks. yen suggests," said Vishnu Varathan, Few expect any move on interest an economist at Mizuho Bank. rates from the Federal Reserve, but observers are divided over the Source: AFP chances that the Bank of Japan will
Chinese Search Giant Baidu Lowers Revenue Forecast, Shares Fall Chinese online search giant Baidu which he found using the company's Inc (BIDU.O) cut its revenue search engine. Baidu cut its revenue forecast for the current quarter, forecast for the second quarter to saying regulatory scrutiny into $2.81 billion-$2.82 billion from healthcare and related ads was $3.12 billion-$3.19 billion, citing hurting its advertising revenue. The "a reduction or delay in spending company's shares plunged 6 percent from a significant portion of medical in extended trading on Monday. customers." Baidu said its move to Chinese regulators imposed limits reduce the number of sponsored last month on the number of medical links on its platform to improve ads carried by Baidu after the death of user experience also weighed on its a 21-year-old student who underwent forecast. an experimental cancer treatment, Source: Reuters
26 July 2016 I Business Tianjin July 2016 I Business Tianjin 27 Real Estate Real Estate
office buildings. Other commercial property types – like retail and hotels Why are government developers – pay a value-added tax (VAT).
In Tianjin, some districts have much dominating the land sales market stronger fiscal positions than others. Apart from proceeds obtained from land sales, district governments get in Tianjin? the majority of their revenue from these commercial taxes. District By Sean Linkletter, Analyst at JLL Tianjin Research governments often compete over businesses, enticing them to register in their district to bolster their commercial tax base. Heping District features majority of the city’s office stock (and companies registered within them) which gives it an edge over other districts, though in recent years, other districts have made a strong push to build out their commercial base.
A glaring example is Hexi District, where in 2014, land sales amounted to an astounding RMB 35.7 billion, a figure nearly double the 2015 combined total land sales in Central Tianjin. Most of the land was sold in New Badali – a new development area with a total planned GFA of close to 1.9 million sqm which features eight plots of land designated for mixed use.
The role of government- backed developers The New Badali development is that n recent years, we have noticed In theory, the sustainability of land Land Sales Market and the land purchasers came entirely that government-backed sales as a revenue source should not Government Revenue from government backgrounds. developers have dominated the be an issue. Once the land is sold ▲ Source: CEIC, National Statistics Bureau The area’s major purchasers include Iland sales market, while private Tianjin’s local government, much and developed, it should generate locally-backed developers Tianfang developers have, for the most part, like many other cities in China, is a perpetual stream of tax revenues, One issue is that without a residential low rents in each of the commercial and Bohai Development and also the stayed on the sidelines. According still heavily reliant on land sales providing the government with property tax, the government has to property sectors. state-owned-enterprise developer, to data collected from CREIS, a for revenue. In 2014, for example, a long-term tax solution. In this lean more heavily on commercial around 33% of Tianjin government’s property, creating an incentive for China Overseas. data platform hosted by Fang.com, sense, the government is not simply Office buildings generate tax revenue annual revenue came from land additional commercial zoning. Land we noticed that over the past three looking to maximize the gain on through an annual tax paid by the sales, according to the Tianjin Local plots are now very rarely sold purely years, eight of the top ten land sales land sale, but to ensure that the land companies that register in them. This The spike in land sales volume in Finance & Taxation Bureau. Given for residential use, almost always transactions in Central Tianjin, is a dependable source of future tax is why Yujiapu – a new development Hebei District in 2010 was also that land is a finite resource, Tianjin’s featuring a commercial component. in terms of total value, came from income. Additionally, land banking area that incorporates policies from due to a pair of SOE developers, local government releases new land This is also a reason that office government-backed developers. We – a concept where developers hold Tianjin’s pilot free trade zone (FTZ) – China Overseas and China Railway supply incrementally. This prevents a buildings, shopping malls, hotels, set out to briefly examine the reasons land for an extended period of time is still able to generate commercial tax Construction Corporation (CRCC), situation where too much land is sold and serviced apartments continue for this trend as well as the some of – is prohibited, meaning that land, revenue, despite very few companies which developed 1.3 million square in a single year, leaving limited supply sprouting up in Tianjin despite the basic fundamentals driving the in theory, must start development having physical presence in their meters of mixed-use space. The Hebei land market. for sale in future years. within two years of the time of sale. relatively high vacancy rates and District also greatly lags behind other
28 July 2016 I Business Tianjin July 2016 I Business Tianjin 29 Real Estate Real Estate
are pivotal to sustaining the “building economy” – the concept that property development and investment in infrastructure gives rise to economic growth and employment in related industries, like construction and raw materials.
Over the years, we have seen government-backed developers play a large role in shaping Tianjin’s real estate market. They are winning majority of land auctions and often times, paying higher prices for land. However, while it is true that the local government has incentive to maintain high land prices, government developers are also building projects that align with long term goals of ▲ Source: Tianjin Statistics Bureau local district governments.
to fast-track development. The up winning the project, as private present day Jinwan Plaza, a 592,000 developers expressed little interest. sqm mixed use project alongside Tianjin’s Hai River in Heping District is an example of this. Before the Conclusion ▲ Source: CREIS, JLL Research plot was sold in 2008, the district The local government has a vested districts in terms of commercial tax see a slower return of their initial not be undertaken by the private government mandated that the land interest in keeping land prices high. revenue. investment, requiring them to have market. Government developers may should be developed into a project On one hand, the local government, which relies heavily on land sales as “deeper pockets”. also help brand the city by developing that would feature western-style Visit us online: iconic buildings. architecture to help decorate the a source of revenue, directly benefits The land plots in New Badali are riverside area. Tianjin Financial City, from the sale of land at higher prices. btianjin.cn/160706 sold for relatively high prices, Over the past three a local government developer, ended On the other hand, rising land values especially considering the area where years, eight of the In the case of New Badali area, they the plots are located is in a fairly are helping the Hexi District by underdeveloped part of Hexi District. top ten land sales diversifying its tax base once the At an average of around RMB 14,000 transactions in Central commercial projects are completed. per sqm of buildable area, these To the developers’ fortune, several government-backed developers paid Tianjin, in terms of total residential projects in the area have around a 20% premium for land value, came from actually done quite well due to the relative to the district average. government-backed run up in residential prices witnessed during late 2015 and early 2016. developers. China Overseas’ project Fuxing Jiuli, Developers in Tianjin tend to earn for example, reportedly achieved a most returns through residential 99% sales rate of its high rise units sales, which have proven to be It is fairly typical in China for only within five quarters of completion. quite lucrative when the market is government-backed developers to hot. Developing the commercial take on projects in so-called “new component, on the other hand, can development areas” like New Badali. In other cases, government sometimes be quite risky. Given the relative These developers are not focused will not sell land unless the developer oversaturation in the commercial solely on investment return, but can meet certain mandates – like market, developers in Tianjin often act as government tools to carry architecture style, building height find it difficult to sell commercial out initiatives like developing a and so on. Local governments units at an attractive price. On the property type that is needed but its prefer to work with developers from other hand, developers that hold development is unprofitable and will government backgrounds for speed property for its rental income will and efficiency considerations, helping ▲ Tianjin New Badali effect drawing
30 July 2016 I Business Tianjin July 2016 I Business Tianjin 31 IPR IPR
assets. The significant difference between this and security under a charge is that a mortgage will Managing Intellectual Property usually transfer title to the lender immediately on default. It is a well-established form of lending by some Chinese banks that may have more familiarity with it than their as a Business Asset international counterparts. By China IPR SME Helpdesk 4. Creating a vehicle for raising equity - If IP assets are owned by a company created for that purpose and generate a royalty income then shares can be issued in that company to raise new equity finance.
5. Securitisation (bond issue) - An alternative to issuing shares in an IP holding company is to use the company’s assets as security for a bond issue in the market. This is more likely to be an attractive ▲ Famous brands option for medium-sized businesses with brands or technology that is consists of identifying the technology them released from any bank charge. reasonably well-known in its own and brand in each separate product This will be easier if they are included market-place. and any brand that is used for more at only a nominal value. than one product. 6. Secure assets to benefit a third The IP strategy party - A further use of an IP Providing Security for Financing holding company is to provide IP assets can be used to provide reinforces the overall security to benefit a third party such security for a wide range of methods business strategy as the company’s pension fund or a used for raising funds. China has new venture on the same group of been at the forefront of the use of and will change companies. or most businesses, intangible their IP assets as security to obtain Managing Return on Investment patent mortgages and a variety of as the business fund-raising structures are readily assets represent more than various forms of funding. Moreover, and Improving Performance moves through IP assets are often undervalued available from Chinese financial 50% of the value of the there are opportunities to gain Where there are several IP assets, in company accounts. However, Fenterprise. The most significant strategic advantage in relation to the institutions as well as their European different stages of its knowing the comparative return on identifying and valuing them can counterparts. group of intangible assets are those sale or purchase of a business. investment of each one allows the development. result in a worthwhile increase in the that are protected by intellectual overall business strategy to focus on value that existing lenders will put on The range of fund-raising options property such as inventions, designs Understanding financial value to the those that will give the best return. It them as security for current lending. includes: 2. Providing security for new debt and brands. Since they form such a business of specific IP assets is of also means that the risk to viability of This can be very useful during a - This can be used to support new large part of the overall value, their particular importance when moving business if certain IP rights are lost credit crunch. bank borrowing for cash flow or for management as financial assets into a new market – product or can be assessed. This is important 1. Providing security for existing longer-term debt to fund investment is important to the success of the geographic – because there will be in deciding how to structure your bank borrowing - It is not unusual in new products or markets. Lending business. new risks as well as opportunities. commercial relationships and for a company’s IP to be covered against IP assets is a specialised form China presents some special operations in China. by the general charge taken by its Businesses that actively manage their challenges, and practical steps to bank but at a nominal or nil value. of lending usually carried out by dedicated teams within larger lending IP as a financial asset outperform protect the value of IP assets are As with tangible assets, measuring Valuing it separately often increases organisations or by smaller specialist their peers by up to 30%. They do often as important as legal ones. This return on investment requires the value of security covered by the lending houses. so by maximising the effectiveness article aims to explain how IP assets knowledge of their monetary value charge. This can be used either to of investment in business, driving matter from a financial perspective and of the amount of investment increase the borrowing or to reduce 3. Patent (and other IP) mortgage performance in areas that produce and assess how to manage them made in them over a given period. the interest charged on it. If IP assets - A patent mortgage is one form of the best return and managing to accrue the greatest business Ascertaining individual IP assets are to be used for another form of operational risk. They may also use advantage. security it will be necessary to get lending against patents or other IP
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may well be on defending litigation.
It is essential that the management of the company is involved in drawing up the IP strategy and understands how it will support business objectives. The key people to be engaged are the chief executive, finance director, tax advisor, general counsel, chief technology officer and chief operating officer.
The IP strategy should be reviewed whenever the business strategy changes and at least once a year.
Conclusion With a strategic IP management approach and appropriate Acceptability of IP assets for The IP strategy reinforces the overall identification, valuation and fund-raising will depend to a business strategy and will change protection of your IP assets, you considerable extent on what valuation as the business moves through can use your intangible assets to is put on them and whether they are different stages of its development. your advantage to provide security Four Ways Artificial Intelligence owned by an appropriate entity. It will often also differ from one for financing and improve your market to another as the business company’s overall performance. There are several considerations that will be at different stages of its However, to best use your IP assets impact valuation, including whether life-cycle in each. The balance of as business tools, helpdesk experts Will Disrupt Marketing the IP assets are clearly identified, which IP rights are most useful and strongly recommend that SMEs By Justin Toy consolidated in one ownership rather so should get priority in investment ensure that their key IP asset are than dispersed, protected from and management time will vary protected by registration, adequately he words Artificial Intelligence the recommendation engines you Artificial neural networks, which insolvency risks associated with accordingly. prevent your IP from being exposed (AI) can conjure up images of see on Amazon and spam filters imitate the functioning of human operational activities, protected by by current and former employees and cyborgs, robots, and dystopian that appear in your email inbox for brain, have been around for Tfutures like in Terminator or Matrix a number of years already. decades. But with the convergences appropriate registrations, subject to a For example, in establishing a new business partners and structure IP structured enforcement programme, market, registration of trademarks ownership that it is most appropriate series. However, these images of AI mentioned above, machine learning licensed to group businesses and/ and patents, designs or copyright for any planned use as security for don’t really reflect what AI is or where What is new is that several factors algorithms have recently evolved or third parties to generate income, to protect the product is likely to be raising finance. it is heading. We can see some of the have converged to facilitate an into extremely powerful “cognitive and being used to increase the more significant than enforcement recent progress of AI in self-driving explosion in the capabilities of systems” capable of learning profitability of the business. against infringers. Once a business is cars and Go-playing computers which machine learning. The first factor is complicated tasks such as playing established, enforcement is likely to have recently grabbed the public’s raw horsepower. Recently it has been the difficult board game “Go” (and take a higher priority. Where it seeks attention. However, it is AI’s potential discovered that Graphics Processing beating a grandmaster) without Drawing Up an IP Strategy Visit us online: A well-managed IP strategy makes a to increase market share compared to dramatically improve cost/benefit Units or GPUs, number-crunching even being “taught” how to play the btianjin.cn/160707 significant difference to the valuation with its competitors, then the focus equations that has CIOs looking into chips built for video games, are game (See Google’s Deepmind for of a company’s IP asset. An evaluator how AI might alter the business tha very well suited for incredible more details). These advancements will assess the economic impact of IP they are in and potentially disrupt the computation power necessary for have enabled advanced functions on the company’s business. Although types of systems they use. complicated algorithms used by such as natural language processing there are several different valuation machine learning models. The and image recognition. As AI’s methodologies, all of them take At the center of AI is what is known second converge is the ability to capabilities have grown, so has its account of the risk to IP. A realistic as machine learning. Machine store large amounts of data. And the use in business. IP strategy that is documented and learning refers to the ability to third is the huge, escalating volume The China IPR SME Helpdesk is a European Union co-funded project that provides of data itself. Machine learning In financial services and insurance demonstrates effective support for the free, practical, business advice relating to China IPR to European SMEs. To learn program a computer to recognize overall business strategy will always about any aspect of intellectual property rights in China, visit our online portal at patterns and build models that models thrive on copious amounts industries, machine learning enhance the ultimate valuation figure www.china-iprhelpdesk.eu. For free expert advice on China IPR for your business, let it make decisions or generate of data which help train them to models are being used for e-mail your questions to: [email protected]. You will receive a reply make more accurate calculations “predictive analytics,” which have for the IP. from one of the Helpdesk experts within three working days. predictions. The use of machine learning algorithms in business is and predictions. helped to improve forecasting, not new. They have been powering edictions. recommendations, and risk
34 July 2016 I Business Tianjin July 2016 I Business Tianjin 35 Marketing Marketing
analysis. Many high-tech firms, characteristics of the product, "call including Google and Uber, owe to action", and the position of text a large part of their success to and images accompanying it. Perado insight-generating, machine- recombines all these elements into learning-powered systems. HR millions of permutations and then departments are using AI-based extracts the best characteristics into tools to support their expanding eight or more test emails which are responsibilities. Facebook has A/B tested with customers. This just developed a Bot store to help process allows Persado to efficiently businesses take advantage of chat determine the best possible bots that can act as customer combination. Among the company’s service representatives for sales or customers are American Express, with simple troubleshooting. Let Caesars Entertainment, Microsoft, us take a deeper look into how AI and Verizon Wireless. and machine learning will come to segmenting customers by traditional this technology will also help spark affect marketing in the near future. demographics (age, gender, region, a level of personalisation that would etc.), customers can also be sorted have seemed impossible a short Nano-Segmentation on the basis of their habits, activity time ago. This application of AI basic customer service, it is only a and in real time.” Their model Constant access to customers levels, purchasing frequency, and could provide a level of service as matter of time before marketers takes “randomness” out of content through big data and mobile Visit us online: many other attributes. As such, dedicated as the role of a personal train these bots to interact with design and word selection by technologies is changing the way nano-segmentation of audience will concierge or virtual assistant (think customers in order to tell interactive deconstructing advertisements into btianjin.cn/160708 that marketers think about market lead to more unique one-to-one Siri designed to help troubleshoot and captivating stories. Somatic.io five components; emotion words, segmentation. The instant access to interactions with customers and with your banking or Uber is a startup company that promises services and products, particularly is no longer a tactic restricted to account). This technology will have to deliver a wide assortment of through smartphone apps and online high end industries such as luxury an immediate and lasting impact on AI tools to marketers (and the services, along with advancements fashion. the way marketers design, measure, masses) that can create art, write in predictive analytics, are arming and execute their marketing stories, and even make music. They marketers with big data that can Highly Personalised Customer strategies. are currently building interactive target small groups of users who Interactions campaigns where customers can share unique characteristics. As AI stands to alter the way that Machine learning will have the upload personal pictures and a deep Marketers are not just limited to companies segment their markets, potential to draw upon a vast learning model (dressed up as a amount of past and real-time celebrity) will comment about what information, provided by Big Data he sees in the image. For example, if and the Internet of Things, in you uploaded a picture of yourself order to anticipate customer needs. drinking a can of a company’s soda, Imagine a footwear retailer being the AI will say something like, “I able to anticipate a customer’s ideal see you’re drinking the good stuff!” pair of shoes before they even enter Going one step further, with current the store. Or Imagine a customer advancements in virtual reality and running late for a dinner booking. the release of Occulus, it is easy to The restaurant's AI calculates imagine a future with immersive where the customer is and can also advertisements wherein you are the estimate when he will arrive while star and your actions and responses automatically adjusting the dinner dictate what happens. reservation and notifying the customer. Cognitive Content Persado is a company creating Interactive Marketing Campaigns machine learning content. They Marketers are beginning to utilize describe its content-generating a number of AI tools that will platform as “combining machine- allow them to create interactive learning algorithms with natural marketing campaigns like we have language processing to generate never seen before. As companies the precise combination of words, begin to rollout chatbots (Facebook phrases, and images capable of has a bot store) to handle sales and motivating audiences at scale,
36 July 2016 I Business Tianjin July 2016 I Business Tianjin 37 Legal Assistance Legal Assistance
transactions and hedge management service for assets PBOC promotes new cross border and liabilities currency risk and term risk, and the contingent debt incurred by Financial financing rule throughout China Institutions due to participating in international financial market transactions in their self needs of hedge management for currency risk and term risk, the fair value of “off balance sheet” financing (or a contingent debt) shall be taken into account in the calculation of the Financing Outstanding.
In general, fund borrowed by the Enterprises and Financial Manuel Torres Institutions in both RMB and (Managing Partner of Gar- rigues China) ▲ the People’s Bank of China (“PBOC”) foreign currency from non-resident enterprises or individuals, including Outstanding refers to the aggregate All risk ratios might be adjusted by both on-balance-sheet debts and amount of the outstanding debts PBOC from time to time. off-balance-sheet debts, must in RMB and foreign currency be calculated for the Financing after multiplying the risk weight. Specifically, in relation to foreign Outstanding, but some categories Financing Limit is the product of currency trade financing, 20 % of are expressively eliminated from the net assets (or the capital), cross it shall be taken into account in calculation, including:- border financing leverage ratio the calculation of the Financing and the macro prudent adjustment Outstanding, and the tenor risk • Passive debt in RMB incurred Lucy Luo parameter. The Financing ratio is set at 1 uniformly. by Enterprises and Financial (Principal Associate) Outstanding shall not exceed the Institutions from offshore entities’ n April 29th, 2016, the People’s Bank of China (“PBOC”) issued the Notice on Financing Limit. In relation to “off balance sheet” investing to domestic bond market; Implementing Nationwide the Macro Prudential Management of Cross Border financing (or a contingent debt) of RMB deposit of foreign entities in Financing in Full Aperture (“PBOC Notice”) (《中国人民银行关于在全国范围内 Financing Outstanding Financial Institutions, including the Financial Institutions; O实施全口径跨境融资宏观审慎管理的通知》) which was implemented on May 3rd, 2016 . the domestic guarantee provided by Financing Outstanding = Σ RMB & Financial Institutions for overseas • Trade credit of Enterprises Coming after the PBOC Notice Regarding the Expansion of the Pilot Scheme for Macro Foreign currency financing balance loans, overseas contingent debt incurred from Prudential Management of Cross Border Financing (“Pilot Notice”) (《中国人民银 * tenor risk ratio *category risk incurred by Financial Institutions 行关于扩大口径跨境融资宏观审慎管理试点的通知》) implemented in four free ratio + Σ foreign currency financing due to providing derivatives trade zones only three months later, the PBOC Notice extends the implementation of balance * exchange rate risk ratio based on the needs of Xuezhou Chen (Corporate Associate) macro prudential management of cross border financing to all non-financial enterprises true cross-border established in China (excluding government financing vehicles and real estate enterprises) Tenor risk ratio is set at 1 for mid- (“Enterprises”) and various legal, personal, financial institutions whose incorporation are to-long term debts (with tenor approved by the PBOC, the China Banking Regulatory Commission, the China Securities exceeding 1 year) and at 1.5 for Regulatory Commission and the China Insurance Regulatory Commission (“Financial short-term debts (with tenor of or Institutions”). It shows a clear determination of Chinese government to encourage inflow less than 1 year). of capital in proportion to the assets scale of Enterprises and Financial Institutions, and liberalize, to some extent, PRC domestic institutions in financial arrangements. The Category risk ratio is set at 1 if it management regime under the PBOC Notice is very different from the current foreign is an “on balance sheet” financing. debt quota regime, and the key features include: For “off balance sheet” financing (or a contingent debt), the ratio 1. Macro Prudential Management Policies is also temporarily set at 1.
“Cross Border Financing Risk Weighted Outstanding” (“Financing Outstanding”) and Exchange rate risk ratio is set “Upper Limit of Cross Border Financing Risk Weighted Outstanding” (“Financing at 0.5 Limit”) constitute two main features of the new cross border financing policies. Financing
38 July 2016 I Business Tianjin July 2016 I Business Tianjin 39 Legal Assistance Legal Assistance
non-banking Financial Institutions, The new management policies and at 0.8 for banking Financial does not prevent FIEs and foreign- Institutions. Macro Prudent invested financial institutions from Adjustment Parameter is set at 1. continuously adopting the existing foreign debt quota regime, although The ratio and parameter might be how long the parallel regimes will adjusted by PBOC from time to last is not clearly interpreted by time. the PBOC Notice. In any case, FIEs and foreign-invested financial 2. Flexible Filing Procedure institutions could only adopt one regime and file the same before Under the original regime, PBOC or SAFE. If they decide Enterprises shall apply for foreign to adopt the macro prudential debt registration before relevant management regime, it could not Administration for Foreign revert to the existing foreign debt Exchange (“SAFE”) within 15 quota regime unless approved by applicants to submit relevant NDRC cross border financing. They can business days after the signing PBOC or SAFE. filing documents for fulfilling choose to raise money from the of the offshore loan contract. In SAFE registration. Said issue shall domestic market or from offshore accordance with the PBOC Notice, Other Issues to be Further be further clarified by SAFE and markets to decrease the financing pre-record filing and registration is Clarified by the Authorities NDRC. cost. not required. Enterprises could have more flexibility by making filing 1. The PBOC Notice stipulates that For the FIEs, before making the with SAFE’s capital information true cross-border trade (including Financing Limit the fund transfer in the cross border It shows a clear final decision of choosing which system no later than 3 business days both payables, and receivables in financing can be handled under regime, it is suggested to evaluate before the drawdown. determination of advance) and RMB trade financing Financing Limit = Net assets or the general domestic and foreign the pros and cons of two cross obtained from offshore financial Capital * Cross border financing currency account, which hints Chinese government border financing regimes based on Financial Institutions are required institutions; various kinds of RMB leverage ratio * Macro Prudent that the Enterprises could convert to encourage inflow of its financial status. trade financing generated due to Adjustment Parameter to file the details of the calculation the borrowed foreign exchange at of their Financing Outstanding conducting settlement for true will for the current SAFE policies capital in proportion In addition, we will keep close and Financing Limit with PBOC cross-border trade by Financial allow the foreign exchange under to the assets scale eyes on the practice and the The promulgation of or SAFE before making their first Institutions ; the general domestic and foreign implementation measure to be cross-border financing transaction, of Enterprises and this new cross border currency account to be converted promulgated by SAFE and/or and thereafter to report to PBOC • Overseas debts of Enterprises financing rules seems into RMB freely. However, it further Financial Institutions, NDRC and keep you posted. incurred under cross-border cash or SAFE before the drawdown of regulates that the Enterprises could pooling arrangements (which are to show a tendency the loan or issue of the bonds if a convert the foreign exchange funds and liberalize. established for the management of for adopting a more cross-border financing agreement is into RMB upon its actual need for its cash flow of legal business operations signed. own manufacturing and operation, loose supervision 3. The PBOC Notice does not and industrial investments) duly which according to current practice stipulate how the overseas debts filed by the authorities; towards the in-flow of 3. Parallel Cross Border Financing shall provide contract, invoice or that Enterprises incurred due to Visit us online: capital in China. Regimes other evidence before the banks domestic guarantee for overseas • Overseas debts incurred by to certify the existence of actual loans and overseas guarantee for btianjin.cn/160709 Financial Enterprises due to Under the original management need. The contradiction of foreign domestic loans will be calculated for overseas deposit taking of interbank, Net assets or Capital refers to the net regime, foreign-invested enterprises exchange conversion shall be Financing Outstanding, which shall inter-branch account and affiliate assets of Enterprises, tier one capital (“FIEs”) could obtain offshore further clarified by SAFE. also be further explained by SAFE. transfer; of banking Financial Institutions financing within the difference 2. Under the existing regime, and capital (paid-in capital or of the total investment and the Conclusion • RMB bonds issued in China capital stock + capital reserve) of registered capital, while the mid and long term foreign debt by offshore parent companies of non-banking Financial Institutions, of domestic-funded enterprises outstanding short-term foreign The promulgation of this new cross Enterprises to fund their onshore which shall be calculated according are subject to quota control of debt and total amount incurred border financing rules seems to subsidiaries; and to the latest audited financial report NDRC, and filing at NDRC before for mid and long term foreign show a tendency towards adopting of the Enterprises and Financial borrowing is required. The PBOC debt of foreign-invested financial a more loose supervision towards • Any amount of cross-border Institutions. Notice does not address whether institutions are subject quota limit the in-flow of capital in China. debts of Enterprises or Financial the NDRC regime is still applicable set by National Development and Under this new regime, domestic Institutions converted into equity Cross border financing leverage to domestic-funded enterprises, Reform Commission (“NDRC”) entities are generally granted more or is exempted. ratio is set at 1 for Enterprises and and if SAFE will still require and SAFE respectively every year. autonomy in raising money from
40 July 2016 I Business Tianjin July 2016 I Business Tianjin 41 HR HR
( 尽可能多的提供帮助建议，建立 relationships with people. Even emotional rollercoaster to solve their 相互信任 ) though it is more useful to think in problems for them.( 对待客户不要 terms of positive actions, we thought 情绪化 ) 4. Do what you say. This is vital. If these points would still be useful to Dos & Don’ts you don’t do what you say you will remember: 4. Do not bite the hand that feeds do, it does not matter how clever, you. Always remember that if you are or how much market knowledge, or asking someone for money – do it of Client Relationships how good at selling you are, no-one DON’ Ts nicely!( 不要忘恩负义 ) By Meilin Fan will trust you.( 说到做到 ) 1. Never leave problems to your clients to solve alone. Be a business 5.Do not show your impatience 5. Think in client’s (or the other partner. Help them with difficult when talking with your clients. Your person)’s position. This is called things as well as those that seem easy. wandering eyes, rapping fingers can empathizing, or putting yourself in ( 别把问题留给客户独自解决， 保 easily imply that your thoughts fly ‘someone else’s shoes’ – and is a great 持积极主动 ) to a party after work. And this is way to stop and understand different definitely disrespect to your clients. people’s priorities.( 换位思考 ) 2. Don’t overpromise. It is too easy ( 不要展示你的不耐烦 ) to do so in business, but will make 6.Being a good listener. The simple your life difficult later. Be honest and 6. Do not interrupt when your clients fact is that most people are not good realistic about what you can deliver. are talking. This does not mean that at listening, especially those people ( 不说不确定的话，不做不确定的 there is no interaction between you who tell you that they are! Listening 事 ) and your client, but it is better that is an active process. Our tip is that your doubt or opinions are given after once you have listened carefully, 3. Do not be emotional with your your client has finished his sentences. paraphrase what someone has said to clients. Be calm and mature: this Again, put yourself in other’s shoes, you (repeat what they have said using representation of you will help you you will feel quite upset if somebody different words) to check if you have as well as them. No one wants an interrupts while you might be really understood or not.( 学会倾听 ) speaking because your idea is not fully expressed and do not know 7. Expand business relationships Call your clients, where to continue. Interruption will to friendship. Remember that all call your contacts. leave your clients an unprofessional friendships start from somewhere. Business is a impression and they may label you as One of the great things about a a rude person. ( 不要打断别人说话 ) ‘people’ business is that it has the ‘contact sport’! possibility for lots of friendships. t is a fact especially important in a recent company training session, 2.Keep long-term contact. No one Remember that every contact or China, that ‘people do business RMG colleagues discussed the ‘dos’ likes to be forgotten and we tend to interaction you may have with with people they like’. In other and ‘don’ts’ of establishing good like more the people we interact with anyone, may flower a lifelong bond Iwords, relationships matter. But relationships. Here are some points more. Call your clients, call your – and for business, it is only helpful what does this mean? People talk of the discussion and conclusions - contacts. Business is a ‘contact sport’! to get on well with people we do a lot about ‘Guanxi’ and personal ( 保持长期联系 ) business with.( 将工作关系转换成 connections in China, but we Based on years of HR experience, 朋友关系 ) sometimes fail to understand what, every employee gave their suggestions 3. Provide help and advice as much specifically, this means. from the first contact to maintaining you can, this helps build trust 8. Be careful with your diction no a long-term relationship. between each other. This concept matter whether you are calling or If there is an awkward silence that is known as reciprocity. i.e. if I do writing e-mails. Details matter, suddenly appears when talking to something nice for you, you will do people observe the style of writing your clients, you should understand DOs something nice for me. Note that this and presentation. Would you be that there are ways to avoid this and 1.Communicate in a timely and does not mean that we just base our comfortable getting on a plane with to help build closer rapport even effective manner with clients and relationships on favours, but it does damaged seats, dirty toilets and old when you have known your clients candidates and business contacts to mean that being helpful to others equipment? Probably not. The same for centuries! keep up-to-date with latest news, helps bring a smoother contact – concept applies with relationships. give appreciation when appropriate, imagine you are in your car and you ( 注意说话的方式以及邮件的措辞 ) Relationships matter in every especially where people have been let someone cross the road – perhaps industry, especially those interacting helpful towards you.( 关心客户及候 they will then do something nice for Here are a collection of things that with customers or clients directly. In 选人动态，适当赞扬 ) someone else – it is the same concept. you should not do when building
42 July 2016 I Business Tianjin July 2016 I Business Tianjin 43 HR Finance Charity related tax reliefs One of the great things about a need to be further clarified st ‘people’ business Charity Law comes into effect on 1 September 2016 is that it has the use the promulgation of the Charity in promoting charitable undertakings possibility for lots of Law as an opportunity to expand the and to the extent that the issues are scope of tax reliefs for charities. not well addressed in the existing tax friendships. laws, the Charity Law should provide In detail comprehensive tax provisions. The first point of view is basically adopted What kind of relationship can Attention paid to taxation matters in the final Charity Law. be regarded as appropriate and during the legislating process of the when can you move forward from Charity Law Major tax issues relating to the business contacts to loyal partnership Charity Law and finally to reliance and even Charity Law is a set of comprehensive friendship? When the last shot is laws regulating charitable Charitable organisation qualifications done, the complex Chinese network undertakings, including rights and The Charity Law sets out detailed 7. Do not judge your clients with words like ‘Will it be better that…’ In “Guanxi” is established. obligations of charitable organisation, requirements on the establishment, your own value, no matter in front other words, be euphemistic, this is donor, and beneficiaries. The law also Kelvin Lee, PwC Tianjin registration and on-going of or behind them. Being judgmental significant in Confucian cultures. provides regulatory requirements administration of charitable will never bring you any benefits if ( 不要否定，哪怕否定，应以合适 for the scope of charity activities and organisations. It has delegated the you are not a critic. ( 不要以己度人 ) 的措辞提出 .) related legal supervision. In brief authority to the MOF and SAT to formulate standards for charitable 8. Do not say ‘No’ immediately These suggestions can be helpful During the process of drafting the Visit us online: organisations on annual expenditure when you disagree with your clients. when dealing with clients, yet there is he recently completed twelfth Charity Law, there were different btianjin.cn/160710 for carrying out charitable activities Transfer ‘No’ into less aggressive an increasing need to be considered. National People’s Congress points of view on whether or not (NPC) has approved the the law should expand and explain and administration costs. Based TCharity Law. As a fundamental and on the current regulations, tax related tax policies. One point of view comprehensive piece of legislation for is that under the general practice of issues relating to the qualification the charitable sector, the Charity Law China’s legislation, tax related issues of charitable organisations mainly has attracted a lot of attention from should be clarified in tax specific include: public during the legislating process legislations and the Charity Law and its related tax policies have always should not have detailed tax policies • Whether the charitable organisation been a focus of discussion. provisions. The other point of view is fulfills the qualification criteria for that tax reliefs play an important role non-profit making organisations We notice that most of the tax related articles in the Charity Law only provide general principles without any detailed explanations, except for Article 76 which specifies that charitable donations that exceed the annual deductible limit are allowed to be carried forward for three years. Therefore, there are a lot of areas that the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) need to work on, such as detailed implementation procedures for each tax relief, to ensure that the existing tax relief policies are implemented appropriately. In addition, it is worth noting whether the Chinese Government would
44 July 2016 I Business Tianjin July 2016 I Business Tianjin 45 Finance Finance
stipulated in “Corporate Income CIT deduction for charitable taxes requires the approval of the Tax Law of the People’s Republic of donation expenditure NPC. Currently, estate tax is not in China” (CIT Law) in order to enjoy According to CIT Law and the legislation plan of the NPC, it tax exemption on income. The “Individual Income Tax (IIT) would not be possible for estate tax limit detailed qualification criteria and Law of the People’s Republic of to be legislated in the next few years. o r t h e assessment standard are in circular China”, enterprises and individuals enterprise is Caishui [2014] No. 13. can deduct charitable donation in a loss year. We The takeaway expenditure within a certain believe that further The promulgation of Charity Law • Whether the charitable organisation prescribed limit when calculating implementation would have significant impacts to the is qualified to receive tax deductible the taxable income. The prescribed measures will be establishment and related activities donations, in other words, whether deduction limit is 12% of an issued by the MoF and SAT and of charitable organisations. Although donations made by an enterprise or enterprise’s total annual net profits the CIT return will be amended taxation articles in the Charity Law individual through this organisation and 30% of an individual’s taxable accordingly. have not indicated any significant would be considered to be charitable income respectively. The portion changes to the existing policies, in nature and hence eligible for of charitable donation expenditure Charitable donation from overseas taxation issues are still matters that tax deduction (herein referred to which exceeds prescribed deduction In accordance with the provisions charitable organisations must pay “qualified charitable organisation”). limit will not be deductible. Charity of the “Law of the People's Republic attention to, including: With the “Simplified Administration Law has now stipulated that the of China on Donations for Public according to relevant laws, such Although the above issues are not and delegation of authority” reform, portion of qualified charitable Welfare” and other regulations, general provision would not have any considered in the Charity Law, with • Timely obtaining tax exemption the pre-approval procedure for the donation expenditure which exceeds customs duties and import value substantial impact to the existing tax strengthening of China’s support to qualification so as to reduce the tax deductible donation qualification the prescribed deduction limit can added tax would be exempted on policies. charitable undertakings and increase operating costs of charitable has been abolished and replaced by be carried forward and utilised imported goods and materials in the tax administration capabilities, organisation; an assessment jointly conducted by within the following three years. This donated from overseas to domestic Expectations on the development of we believe that relevant authorities • Timely obtaining deductible the MOF, SAT and Ministry of Civil is aimed to encourage enterprise charitable organisations for use in tax policies would continue to push this forward. donations qualification which will Affairs (MCA) after verifying the to participate more in charitable charitable undertakings. According However, as amendment of the help to boost donations; status of the organisation registration activities as it would, to a certain to the “Provisional Measures for Other than expectation on the laws and regulations requires a long • Distinguishing the nature of income and its charitable activities with a list extent, alleviate the enterprise’s the Exemption of Import Tax on practical implementation of taxation argumentation process, we expect earned from different activities and of qualified charitable organisations concern on the deductibility of Charitable Donations of Goods and measures in the Charity Law, there that it would not materialise in a accounting for them properly so as to published regularly. For the detail charitable donation where there is a Materials” which is jointly issued by are other matters raised by the short period of time. improve tax compliance; procedures, please refer to circular one-off significant donation amount the MOF, General Administration of industry: • Improving internal control Caishui [2015] No. 141. that exceeds the prescribed deduction Customs and SAT, this preferential and making reasonable plan for policy only applies in the situation • According to prevailing laws and It is worth noting expenditures which would help to where the recipient of donation is regulations, only charity donations whether the Chinese enhance the transparency of the to charitable organisation or the government or certain specified Government would organisation and its reputation as charitable organisations, and there government qualify for tax deduction regards the public. are also restrictions on the scope in China, this tax deductible scope use the promulgation of donated goods and materials. is narrower than that of developed of the Charity Law Besides having a direct impact to The Charity Law has expanded this countries. The Charity Law now charitable organisations, the impact policy to all “imported goods and allows donations to be made as an opportunity to of the Charity Law in regulating materials donated from overseas through charitable organisations or expand the scope of charitable activities organised by directly to beneficiaries. Therefore, for use in charitable undertakings” tax reliefs for charities. the public also deserves attention. and abolished the qualification it may be the time to consider In addition, as mentioned above, requirement of the recipient of the amending the relevant policies to we hope the relevant government donation. However, it remains to strengthen support from a legislation authorities would use the be seen whether the existing rules perspective. There are rumours that, after the promulgation of the Charity Law as would continue to be adopted in the promulgation of the Charity Law, the an opportunity to correspondingly administration of the policy. • Currently donation of the non-cash legislative authorities are considering amend relevant tax policies to provide asset is regarded as deemed sales and the introduction of estate tax to charitable activities with more policy Scope of tax reliefs is not expanded sales revenue has to be recognised, match with the Charity Law in order support and encouragement. Other than the above, the Charity whether it is possible to issue relevant to promote the development of Law has not provided any policy to provide tax relief for such charitable undertakings. Since estate clarifications on taxation matters. donations. tax would have a wide spread impact, It only stipulates that charitable previous rumours have attracted a Visit us online: organisations, donors, and • Whether the prescribed deduction lot of attention from the public. In btianjin.cn/160711 ▲ the Twelfth National People’s Congress beneficiaries can enjoy tax reliefs limit can be increased. practice, legislating and levying new
46 July 2016 I Business Tianjin July 2016 I Business Tianjin 47 On the Horizon On the Horizon
On the other hand, the news has residential zones are not fit for the international economic stage over come as a bit of a shock to some, demands of a 21st century metropolis the past two decades, Da Hutong Bye Bye Da Huton g since Da Hutong is considered one and often prove a headache for personified a clash between the of the major low end market organs city ordinance operations and old and the new shopping trends. of Tianjin’s central business district. maintenance. Eventually, Da Hutong became Although lacking in appearance, pivotal in local Tianjin custom when and Hello Wang Ding Di the flea market gave Tianjin one For years now, the government seeking “cheapness over quality”. of its most unique characteristics, has been regenerating these areas, What is for certain is that Wang Ding By Richard J. Cook something that many major urban replacing them with mazes of Di certainly has some big shoes to areas have lost in China. The modern high-rise residential blocks. fill, not to mention the need for it to market is riddled with litter and is westernization of shopping trends However, this means that the hutong outshine its soon to be predecessor. marred by poor sanitation in almost in China is largely to blame for this, community concept is now in danger every aspect. Over the past several meaning the public now craves of becoming extinct across many Closing Down Sale years, increasingly better quality sophisticated shopping malls over the Chinese cities. It may well be the old The best piece of news is kept for standards have meant that older hustle bustle of a traditional shopping replaced with the new, yet these often last, as a major commodity sale has facilities in the market have failed street area. close knit communities, generally been announced that will take place to become qualified for public use, lower class and having generation from now till August 31st in order to under grounds of health and safety. What is a “Hutong”? after generation of family members, clear Da Hutong. So don’t forget to A “hutong” is a Chinese traditional may well lose their traditional set at least one day aside to indulge The lack of physical space within the residential area, normally heritage. yourself in some bargain shopping! market has also prompted concerns, characterized by its low houses and particularly on the build up to very narrow, winding streets, which In case of Tianjin’s Da Hutong, the Da Hutong 大胡同 festivals and on public holidays, lead into many clusters of courtyards hutong itself was commercialized Tianjin Hongqiao District, Beimalu, when the market is often operating and small open spaces. Commonly when the imperial powers converted NO.4 天津市红桥区北马路 4 号 over its capacity, meaning there used throughout Chinese history Tianjin into a bustling trading port are some significant dangers to in urban areas up until China’s at the turn of the 19th century. The modernization, these areas are now traditional commercial focus was the customers. What followed was Visit us online: Ancient Da Hutong in steep decline. Although fantastic then entrenched and has remained the announcement that the local btianjin.cn/160712 ne of Tianjin’s most iconic years. Although these two projects government was keen to highlight the tourist hotspots, these large primitive ever since. As Tianjin entered the shopping streets is set to proved popular in Beijing, the result fact that the move will allow a fresh move, the local government was a wave of self-inflated prices by start and a clean slate for Tianjin’s Ohas announced. Da Hutong, which is stall owners on what should be cheap flea market economy. famous for its haggling and bargain goods. If the trend holds, Tianjin’s buys is set relocate at the end of Da Hutong and its long lineage of As mentioned before, Wang Ding Di August, thus marking the end of an selling almost anything you can is already in the possession of a fairly era for the inner city flea market. possibly think of and at outrageously sizable flea market itself, however Up to 5000 small businesses will be cheap prices will be lost, as a modern its surrounding geography is not a moved once the closure takes place, sleek hutong will replace it also with besieging issue. Noted for being “the one of the largest small business self-inflated prices. Even with this best place to buy an electric scooter” relocation projects in the city’s being said, there is still no official in the city, Wang Ding Di has a lot of history. Major fire hazards have confirmation on what will actually potential to even out-do Da Hutong been cited as the main concern, as replace Da Hutong. in terms of price. Relocating away well as other issues of squalor and from the city center and away from general appearance. The flea market Surprise or No Surprise? ancient culture street will remove the operations will be moved to Wang For many that know Tianjin well, incentive for gradual rising prices Ding Di in Xiqing District, which this move has been a long time that many expats have witnessed already has a sizable flea market itself. coming. As it stands Da Hutong is here over the years. In addition, largely under siege from a whole venturing to Wang Ding Di would In their official statement, the local range of new luxury housing and not be a major headache as it sits government stated that the project commercial development companies. on top of metro line 3 with its own would “regenerate this very popular Furthermore, the market itself has metro station. However it is 10km area”, suggesting that Da Hutong been plagued with poor management away from Da Hutong, a sizable would be modernized much like issues and a corner cutting mentality enough distance to potentially throw the Beijing Chao Ya and Pearl Street that has left it in a fairly poor customers off visiting. renovation projects from previous condition. Street after street of the
48 July 2016 I Business Tianjin July 2016 I Business Tianjin 49 Management Management
As mentioned, in times of lower work on the newest and more exiting making was on the ethical aspect Better Leadership economic growth, good leadership tasks while forgetting past challenges. of his decisions. In hard economic and is crucial; but how does it change times, where financial pressures according to the current state of the are high, it is a requirement to stay Decision-Making economy? It is even more vital in a No company can purely ethical in every taken decision. bad economic climate to ensure high viably survive with A company must operate with no during an Economic Slowdown level of security within the company. regrets and with full transparency. During a prosperous period in the bad leadership and Big companies like Enron attempted economy, a CEO will be seen as a by making the wrong to operate unethically but the truth is competent leader if he is innovative that very few can survive in the long —promoting new ideas and decisions, especially run. While some unethical solutions propelling the company forward. The through hard financial could assure short-term financial main difference we had to mention to times. stability to the company, it is done at Mr. Li was that during a downturn, the expense of long-term success of the same leader becomes a pillar of the firm. stability. Slowdowns are not periods Having clear goals is part of the of innovation, and thus the leader equation for success for your team, During an economic downswing, we must be able to keep staff motivated, but it remains an incomplete formula. had to warn Mr. Li about trying to Marwan Emile Faddoul and loyal with a clear sense of The team must be able to trust the innovate some of his product lines. In (Managing Partner purpose and goals. orientation and direction the CEO NFG Consulting LLC) periods of uncertainty, decisions have is taking at all times. We discussed to be made with survival and long- To be the guiding pillar, effective this point with Mr. Li to show the term viability in mind, compared to communication needs to take place. importance of being present, and seen pushing new products to increase The first major advice we gave was by the office staff to convey calmness market shares. We did, however, simply to communicate to one within the company. The leader of the recommend to Mr. Li the possibility another within the firm and not allow company will establish his habits as of repositioning the company in oneself to be shut off from those who company culture, which has a huge order to spring forward and seize are willing to help. As a CEO of the impact on the atmosphere of the opportunities when the economic company, the ability to be charismatic working environment. It is important uncertainty started clearing up. —constantly delegating efficiently for Mr. Li to stay calm and composed —is a skill required to survive at all times when in public with his Guillaume Michael Our advice on repositioning also Lange the toughest economic situations. team. We told him, no matter how included a large topic regarding (Marketing Analyst This would allow Mr. Li to free his out of control a situation is, he should NFG Consulting LLC) ecessions are often a period where the business landscape changes drastically, and in staffing needs, during economic mind and effectively use his time to not show it within the office, lest his order for companies to surpass it, they have to pull up all their resources together in decline and how to effectively prepare coordinate the company’s efforts. employees become fearful. We were the right direction. If done efficiently, companies can bounce back from slowdown, there to reassure him and calm his for a prosperous economic comeback. whileR the competition is stagnant and recuperating. A key point we shared was the need, worries, but this kind of uncertainty To do this effectively, Li had to set and and doubt cannot be allowed to as a company’s leader, to hire the communicate the goals to the team. competent staff, even if they are No company can viably survive with bad leadership and by making wrong decisions, reach the rest of the staff. A toxic and To assess the progress of his team he more intelligent, or have a better especially through hard financial times. This article will share the story of one of our clients, thus uncomfortable workplace will knew he needed to measure goals. understanding of certain topics. As Mr. Li. (Name has been changed for confidentiality) ensure the rapid downfall of any great For this first part, Li knew his goals business, whether in an economic mentioned by needed to be S.M.A.R.T. (Specific, slowdown or otherwise. Steve Jobs, Our client, the CEO of a high-tech manufacturing company, was having a difficult time Measurable, Attainable, Relevant and competing in the economic downturn. Costs were too high, competition rose, and profit Timely). The two extra bits of advice margins were diminishing to an uncomfortable level. When Li first approached us for counsel we had to give included having a Once a healthy and positive office and guidance, we reminded Mr. Li that taking rash and uncalculated decisions would not single point of accountability. This atmosphere has been created, it remedy the situation. Acting rational and calm were a priority to find a comfortable business meant that by holding a single person was time to work with Mr. Li on a position to successfully surpass the economic situation, and prosper once recovery starts. responsible for the achievement framework to allow him to take the of a goal, this person takes it upon right decisions, even as stress arises himself or herself to accomplish it to due to uncertainty. It was important for both Mr. Li and us to understand the depth of the current situation, of perfection. Moreover, we shared the the market, the economy and the firm. We had to face reality and prepare to meet it in the importance of following through and manner that it came. Once in control of his emotions, and in understanding of the current At NFG Consulting, we made it a motivating members until the end situation, we began talking not about the importance of leadership, but on how to take point to share our reality with Li. of given tasks. It is human nature to advantage of it and allow it to guide the company to safety and then growth. The first advice regarding decision-
50 July 2016 I Business Tianjin July 2016 I Business Tianjin 51 Management Chamber Reports “It doesn’t make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.” By having the right labor skills in place for economic upswing, Mr. Li is on the path to gaining Past Events: market shares compared to pre- economic downturn period. Carnegie Seminar: Communication Effectiveness 12.05.2016
A strong adaptable Smooth and effective communication is critical to the healthy operating leadership, and good and up-to-standard functioning of a company. European Chamber decision making skills Tianjin Chapter has invited the Senior Trainer of Dale Carnegie® Mr. Daniel Chai to elaborate how to create a safe and responsive will allow the greatest communication environment and how to achieve extraordinary firms to prosper. leadership.
This was followed by a discussion on cutting staff, the best advice we had was be fair and logical at all times. Executive Briefing Dinner We quickly spoke of the possibility of extra severance packages to certain consultation with Mr. Li’s company It can be said that every firm will have What Next For the Chinese Economy loyal staff, as this would have an we offered an in-depth lecture to its own struggles. These struggles 19.05.2016 important impact on the remaining both him and his upper management will vary depending on the economic staff in the company. Having a about the importance of considering landscape, but a strong adaptable Harsh facts have been thrown around such as weakness of the real- workforce who feels neither loyal nor ROI when taking any decisions. In leadership, and good decision estate market, the massive overcapacity of steel and coal industries and secure sets up an uncontrollable and general, during a recession, if the making skills will allow the greatest much more. What is the true situation of the Chinese economy? Mr. unpredictable disaster, something no value and return of a certain action is firms to prosper. We look forward Marwan Emile Faddoul, managing partner of NFG Consulting LLC manager wants to deal with, and it is unknown or negative it is often worth in continuing to help in the growth brought us the in-depth analysis. a difficult situation to settle. reconsidering or re-evaluating when of Mr. Li’s fantastic tech company more information has been gathered. through this economic downturn to st Much of the advice we had offered Resources are scarce and need to be achieve and celebrate higher success 1 Tianjin Business Match-Making Li was qualitative, thus such pointers used to create sure-value to ensure during the upswing. Every issue 31.05.2016 are hard to concretely calculate optimization and survival. has a solution; the question we ask and use. This is why during our ourselves as consultants is how to The European Chamber Tianjin Chapter together with the German Chamber Tianjin Chapter successfully held the 1st optimize these issues and solutions. Business Match-Making event on 31 May, 2016 in Paulaner Tianjin. With the special event style and interesting match- making rules, it created an opportunity to allow participants to strike up quick conversations with as many people as possible and to discover potential business partners as well as friends. The next Business Match-Making events are scheduled in August and November of 2016. Stay tuned and join us! Meet People, Make Connections! Visit us online: btianjin.cn/160713
41F, The Executive Center, Tianjin World Financial Center, 2 Dagubei Lu, Heping District, Tianjin 300020. Tel: +86 22 5830 7608 Email: [email protected] Website: www.europeanchamber.com.cn
52 July 2016 I Business Tianjin July 2016 I Business Tianjin 53 Chamber Reports Chamber Reports
Past Events: Past Events: German Night in Tianjin 2016 20.05.2016 Tianjin Monthly Executive Breakfast Briefing On May 20th, 2016 the German Chamber of Commerce invited to the German Night in Tianjin at the 3 Kronen 1308 Ten Trends in Ten Years for Tianjin property Brauhaus. The German Night is the major social event for the German Community and everyone interested in German 19.05.2016 The Ritz-Carlton, Tianjin culture and already took place for the 6th. time in Tianjin. More than 60 participants enjoyed the casual evening in a typical German atmosphere with German buffet, beer and lucky draw. Nearly 40 members and friends gathered at the Ritz-Carlton, Tianjin in the morning of May 19th to listen to the briefings The purpose of the event is to bring together the German community as well as Chinese colleagues and international from Michael Hart, Managing Director for Jones Lang LaSalle in Tianjin. During the breakfast, Michael provided a friends to contribute to German-Chinese friendship and teambuilding. The German Chamber thanks all participants, summary of ten major trends in the Tianjin property market over the past ten years. These include new geographic areas that are being developed, new types of real estate that have expanded and the growth of specific industrial sectors that sponsors and helpers for a memorable night! have helped drive the real estate market and the Tianjin economy as a whole. Among the ten major trends, Michael highlighted a few stand out as especially important, namely “a tripling of the GDP and the addition of 5 million more people to the population over a 10 year period.” “the service sector has grown in importance and now accounts for more than 50% of GDP, but the additional investment in manufacturing means that Tianjin's manufacturing sector will continue to be a major anchor for the economy. “ The Monthly Executive Breakfast is becoming a signature event for the Tianjin Chapter, providing members an excellent opportunity to meet Tianjin’s Executive Committee members. Ten Trends in Ten Years for Tianjin Property 1. Substantial Population and GDP Growth 2. Tianjin Embraces Super-Tall Buildings Seminar and Roundtable - IT Security aspects of Wechat and Industry 4.0 3. The Rise of the ‘Building Economy’ 楼宇经济 25.05.2016 4. New Geographic Centers Emerge The Internet is shaping businesses today. WeChat serves as a tool both for online payment and promotion for enterprises. 5. Retail & Services Sector Development The world is now starting to refer to the German concept of Industry 4.0, and China is no exception. However, the 6. Leisure & Tourism Becomes a New Theme modern tools that facilitate traditional business also bring new, but inherent, IT security risks from a legal perspective. 7. Tianjin Invests Heavily in Infrastructure Based on the above, the German Chamber of Commerce Tianjin organized 8. Tianjin Becomes a Modern Logistics Hub a seminar and roundtable on the topic of “IT Security aspects of Wechat and 9. Building out Binhai Industry 4.0” on May 25th., where the speakers provided an overview of the 10. Manufacturing Plus Chinese legal environment surrounding running an internet related business in China and also evaluated the potential IT security and legal risks arising from the use of WeChat and which are rooted in Industry 4.0. A houseful of participants Exclusive Tianjin Historic Tour joined the event to share their expertise and experience on the topic. 21.05.2016 On Saturday, May 21st, Mr. Louie Liu, Curator of Tianjin Museum of Modern History, led a very interesting and informative tour of the historic buildings associated with the days of foreign concessions in Tianjin for AmCham members and friends. The tour starts from the Astor Hotel and covered the Tianjin Postal Service Museum, American Barracks, Club Concordia and the Old Country Club in the morning. Louie provided a panoramic introduction to the past 100 years of history that occupies a central place in modern Chinese memory. He also exposed little-known facts about Tianjin’s concession era past, introduced the key figures Upcoming Events: who lived and worked in the area, and pointed out unique buildings Breakfast Seminar - Tax Health Check along the way. Date: July 7th Time: 07:30 - 09:30 Venue: The Ritz-Carlton Tianjin A lunch break was taken at the Prince Qing’s Mansion, a historic Seminar with the Tianjin Municipal Bureau of Foreign Experts Affairs - mansion constructed in 1922 as a private residence for the last head Debriefing on Foreigners' Working Permit in Tianjin eunuch of the Forbidden City in the old English neighborhood. Date: July 12th Time: 14:00 – 17:00 Venue: tbc The afternoon session starts from the Tianjin Museum of Modern History and followed by a tour of the Cantonese Gulid Special Event - Deutscher Filmabend: Goodbye Lenin! Hall in the old city and a quick look at the Italian Concession are and ended at the Italian Barracks. Date: July 22nd Time: 18:30 - 22:00 Venue: Paulaner Tianjin If you missed out on this event be sure to join us next time! Check our website or join our mailing list to keep an eye out Kammerstammtisch Tianjin for other upcoming cultural events hosted by AmCham Tianjin. We look forward to seeing you at our next event! Date: July 27th Time: 19:00 – 22:00 Venue: Drei Kronen 1308 Brauhaus Tianjin UEFA EURO - Series Events: Public Viewing - 2016 European Championship Date: tbc Time: tbc Venue: tbc
Room 2918, 29F, The Exchange Tower 2,189 Nanjing Lu Heping District Tel: +86 22 2318 5075 Fax: +86 22 2318 5074 www.amchamchina.org Room 1502, Global Center, No. 309 Nanjing Road, Nankai District, Tianjin 300073 Tel / Fax: +86 22 8787 9249 [email protected]
54 July 2016 I Business Tianjin July 2016 I Business Tianjin 55 Past Events Past Events
Managing Director Ugur Talayhan Tianjin Press Conference Global Day of Discovery 2016 @ The Westin Tianjin @ Renaissance Tianjin Lakeview
tarwood Hotels & Resorts Worldwide is pleased to announce the enaissance Hotels is known around the world for helping the next generation of business travelers to discover appointment of Ugur Talayhan as Managing Director of The Astor Hotel, unexpected cultural experiences, and on Thursday, June 16th, 2016, the Renaissance Tianjin Lakeview Hotel a Luxury Collection Hotel, Tianjin, The Westin Tianjin and Sheraton inspired guests and the local community to discover unforgettable evenings with an exclusive Eternal Summer STianjin Hotel. Mr. Talayhan will lead the team and be responsible for the overall Party.R Around 500 guests joined the party to celebrate the annual Global Day of Discovery. operations, performance and strategic direction of these three hotels. A veteran British & Turkish native hotelier, Mr. Talayhan brings with him 27 years in As soon as the sun went down, the mood heated up as the hotel hosted an ‘Eternal Summer Party’ with DJs, live acts, the hospitality industry where he has become well-known as an international a selection of cocktails and culinary surprises. Amid a lakeside setting, guests could also browse a series of pop-up hospitality business leader with passion and dedication. promoting locally-made art and crafts.
About his new assignment, Mr. Talayhan said, “I am very excited to receive this Renaissance Hotels believes business travel is always an opportunity to discover. This philosophy is described as Business challenge to manage three different brand hotels in Tianjin; each has its own Unusual, wherein every stay is designed to defy the notion of “conventional” business travel by helping guests to uncover distinctive characteristics. Operating the 153-years-old legend The Astor Hotel, local, unexpected experiences. At Renaissance Hotels, a guest’s trip is about much more than the ‘9 to 5’, it’s about making vibrant and refreshing The Westin Tianjin and the first international hotel in time for the ‘#5to9’, with a world of local music, art and culinary discoveries. Tianjin – Sheraton Tianjin Hotel is a great honor for me take on and I look forward to spearhead future growth and development of the three hotels to satisfy Global Day of Discovery’s fifth anniversary kicked off with a signature bar ritual centered on local craft beverages curated guests’ different needs.” by the hotel bartender and local beverage experts. The bar ritual is the signal that the 9-to-5 working day is over and it is time to transition into an incredible evening of discovery and celebrate the #5to9. Managing Director Ugur Talayhan Tianjin Press Conference was held at The Westin Tianjin successfully on 14th June, 2016. He shared his rich hospitality experience with Tianjin media and introduced three hotels' future ambitions briefly. The Q&A session was vivid and interesting. Mr. Talayhan impressed media with delightful speech and lifted the conference atmosphere. After the conference, Mr. Talayhan invited 30 media representatives for dinner at Seasonal Taste and everyone enjoyed the evening.
56 July 2016 I Business Tianjin July 2016 I Business Tianjin 57 Lifestyle Recommendations / Tianjin Lifestyle Recommendations / Tianjin DINING DINING SERVICES Zest Din Tai Fung SóU Prego Italian Restaurant A: 1st Floor, The Ritz-Carlton, Education International Schools A: No. 18, the junction of Zi Jin A: 49F, Tangla Hotel Tianjin, No.219 A: 3F, 101 Nanjing Road, Heping Tianjin, No. 167 Dagubei Road, TIANJIN Shan Lu and Binshui Dao, Hexi Nanjing Road, Heping District District KINDERGARTEN Heping District, Tianjin District T: +86 22 2321 5888 ext.5106 +86 22 2389 0173 T: +86 22 5809 5109 +86 22 2813 8138 思创 T: Hopeland international Chinese T: Prego意大利餐厅 香溢 - 全日餐厅 W: dintaifung.com.cn 南京路219号天津唐拉雅秀酒店49楼 和平区南京路101号三层 kindergarten Meijiang China Station 和平区大沽北路167号天津丽思卡 鼎泰丰 Campus International School of Tianjin A: 2F, Radisson Plaza Hotel Tianjin 尔顿酒店一楼 No. 7 Huandao East Road, 河西区宾水道与紫金山路交口18号 Qba - Latin Bar & Grill A: A: Weishan Lu, Jinnan District No. 66, Xinkai Lu, Hedong District Thai West side of Jiefang South Road, A: 2F, 101 Nanjing Road, Heping T: +86 22 2859 2001 T: +86 22 2457 8888 Tianjin New Dynasty YY Beer House District w: www.istianjin.org 中国站 T: +86 22 5810 7777 A: 2F, Renaissance Tianjin (Behind International Building) T: +86 22 2389 0171 国际学校天津分校 河东区新开路66号天津天诚酒店2 华兰国际幼稚园（梅江园） Lakeview Hotel No.16 Binshui A: No. 3, Aomen Lu, Heping District Q吧 - 拉丁酒吧&烧烤 津南区津南微山路 层 解放南路西侧环岛东路7号 Road, Hexi District, Tianjin T: +86 22 2339 9634 和平区南京路101号二层
T: +86 22 5822 3388 粤园泰餐厅 Inasia Restaurant Fortune Restaurant 天宾楼 Hopeland international 和平区澳门路3号(国际大厦后侧) Element Fresh Restaurant (Olympic Stadium Store) A: 2F, Crowne Plaza Tianjin Binhai 河西区宾水道16号万丽天津宾馆2 kindergarten Shuishang A: 1F Joy City, Nanmen Wai Dajie, A: 4F, A·Hotel, Olympics Gym, No. 55, Zhongxin Da Dao 层 Always Thai Restaurant Heping District Nankai District,Tianjin Campus Airport Industrial Park Bazndei Yunnan Food A: No. 46, Xiaguang Street, Weijin A：Tian Xi 22/23-133.Ao Cheng Plaza, T: +86 22 8735 3372 T: +86 22 2382 1666/2233 T: +86 22 5867 8888 ext. 2355 Joy City IF Street - B3, Nankai A: Nankai District, Tianjin 天津新元素餐厅 美轩亚萃餐厅（水滴店） South Road, Tianjin 富淳中餐厅 District, Tianjin +86 22 2392 3803 T：+86 18602289919 天津市南开区南马路大悦城一楼 南开区水滴体育馆A·Hotel四楼 T: 空港物流加工区中心大道55号 +86 22 87897222 Café Majestic 华兰国际幼稚园（水上园） T: 泰香来东南亚主题餐吧 Wellington College 天津滨海圣光皇冠假日酒店2层 坝美云南菜 A: 1F Haihe Wing, The Astor Hotel, 卫津南路霞光道46号 南开区奥城商业广场天玺22/23-133 Blue Frog (Riverside 66) International Tianjin 南开区南门外大街大悦城if如果街 A Luxury Collection Hotel, Tianjin No. Bars Hopeland international A: Unit 3009, Riverside 66, No. 166 33, Tai’er Zhuang Lu, Heping District A: No. 1, Yide Dao, Hongqiao District IF-B3 kindergarten Haiyi Campus Western Xing’an Road, Heping District, T: +86 22 2331 1688 ext. 8910 China Bleu T: +86 22 8758 7199 ext. 8001 T: +86 22 23459028 凯旋咖啡厅 A: 50F, Tangla Hotel Tianjin, No. 219 A: No. 5 Cuibo Road, Meijiang M: +86 187 2248 7836 Japanese Promenade Restaurant 蓝蛙（恒隆广场店） 海河翼，和平区台儿庄路33号天津 Nanjing Lu, Heping District Bay, Tianjin E: [email protected] A: 1F, The St. Regis Tianjin 和平区兴安路166号恒隆广场3009 利顺德大饭店豪华精选酒店一层 T: +86 22 2321 5888 T: +86 22 6046 2555 W: wellington-tianjin.cn Café Vista No. 158, Zhang Zizhong Road 室 中国蓝酒吧 华兰国际幼稚园（海逸园） 天津惠灵顿国际学校 A: 1F, Wanda Vista Tianjin, 486 Bahao 南京路 号天津唐拉雅秀酒店 层 梅江湾翠波路5号 红桥区义德道1号 Heping District Blue Frog (Joy City) Café Venice 219 50 Road, Da Zhi Gu, Hedong District Qing Wang Fu T: +86 22 5830 9959 A: 1F-J02, IF Street, Joy City, A: 2F, Holiday Inn Tianjin Riverside WE Brewery T: +86 22 2462 6888 Jeff’s House Kindergarten A: No. 55, Chongqing Road 河岸国际餐厅 Nanmen Wai Dajie, Heping District Phoenix Shopping Mall A: 4 Yi He Li, Xi An Road Tianjin International School 美食汇全日餐厅 A: No. 77, Munan Dao, Heping Heping District 和平区张自忠路158号天津瑞吉金 T: +86 22 27358751 East Haihe Road, Hebei District Heping District, Tianjin A: No.4-1, Sishui Dao, Hexi District 河东区大直沽八号路486号天津万达 District T: +86 22 8713 5555 融街酒店一层(哈密道正对面) 蓝蛙(大悦城店） T: +86 18630888114 T: +86 22 8371 0900 ext. 311 文华酒店一层 T: +86 22 2627 8888 ext. 2271 +86 22 2331 0236/0636 +86 22 5835 2555 南门外大街大悦城如果街1F-J02 T: 天津国际学校 威尼斯咖啡厅 W: www.webrewery.com 杰夫幼稚园 [email protected] Cholito Spanish Cuisine and 河西区泗水道4号增1 E: 河北区海河东路凤凰商贸广场 WE Brewery酒吧 和平区睦南道77号(近河北路) W: qingwangfu.com Kasumi Bar Trolley Bar & Grille 天津海河假日酒店2楼 和平区西安道怡和里4号 庆王府 A: 1F, Crowne Plaza Tianjin Binhai A: Crossing of Hebei Lu and A: Aocheng Plaza, Tianjin 22/23- 和平区重庆道 号 No. 55, Zhongxin Da Dao Luoyang Dao, Heping District 55 119, Nankai District, Tianjin Glass House Airport Industrial Park +86 22 5835 2833 T: T: +86 15222091582 A: No. 8, Zhujiang Da Dao O’Hara’s Riverside Chinese Restaurant T: +86 22 5867 8888 ext. 2322 西班牙餐厅&酒吧 乔尼西餐厅 霞日式料理 Zhouliang Zhuang, Baodi District A: Astor Wing, The Astor Hotel, A: 3F, Holiday Inn Tianjin Riverside 和平区五大道河北路与洛阳道交口 南开区奥城商业广场天玺22，23号 +86 22 5921 1234 A Luxury Collection Hotel, Tianjin No. 空港中心大道55号 T: SmartKidz International Phoenix Shopping Mall 楼底商119 水晶厨房 33, Tai’er Zhuang Lu Heping District 天津滨海圣光皇冠假日酒店1层 Tianjin East Haihe Road, Hebei District Le Loft 宝坻区周良庄珠江大道 号 T: +86 22 2331 1688 ext. 8919 8 A: 5F, Building C, He Zhong T: +86 22 2627 8888 ext. 2211 A: Cross of Nanjin Lu and Jinzhou 京津新城凯悦酒店 海维林酒吧 海河轩中餐厅 Seasonal Tastes Dao, Heping district 利顺德翼，和平区台儿庄路33号天 Building, You Yi Bei Lu, Hexi 1F, 101 Nanjing Road, Heping District T: +86 186 2230 河北区海河东路凤凰商贸广场 A: T: +86 22 2723 9363, Pan Shan Grill & Wine 津利顺德大饭店豪华精选酒店一层 天津海河假日酒店3楼 District +86 18702200612 2923(English) A: 2F, Main Building +86 186 22303272(English) T: +86 22 2389 0168 院 The St. Regis Bar Sheraton Hotel Tianjin +86 186 2235 9571(Chinese) Tian Tai Xuan 知味全日餐厅 和平区南京路与锦州道交口 A: 1F, The St. Regis Tianjin. No. 158 Zi Jin Shan Lu, Hexi District +86 186 2230 3926(Chinese) A: 1st and 2nd Floor, The Ritz- 和平区南京路101号一层 Bistro Thonet Zhang Zizhong Road, Heping District A: No.55 Chongqing Road, T: +86 22 2731 3388 ext.1820 E: [email protected] Carlton, Tianjin, No. 167 Dagubei Maxim’s De Paris 盘山葡萄酒扒房 T: +86 22 5830 9958 Heping District W: Smartkidz-tj.com Road, Heping District, Tianjin Seitaro A: No.2 Changde Dao, Heping 紫金山路天津喜来登大酒店主楼2层 瑞吉酒吧 T: +86 22 5809 5098 A: Sheraton Hotel Tianjin District T: +86 22 8713 5555 和平区张自忠路158号天津瑞吉金 Fax: +86 22 8386 0969 [email protected] 天津童慧国际学校 天泰轩中餐厅 Zi Jin Shan Lu, Hexi District T: +86 22 2332 9966 E: 融街酒店一层 河西区友谊北路合众大厦C座5层 和平区大沽北路167号天津丽思卡 T: +86 22 2731 0909 马克西姆法餐厅 W: qingwangfu.com 尔顿酒店一楼和二楼 清太郎日本料理 庭悦咖啡 和平区常德道2号 Flair 河西区紫金山路喜来登大酒店 和平区重庆道55号庆王府院内 Riviera Restaurant A: 1st Floor, The Ritz-Carlton, 比安卡意大利餐厅 Pizza Bianca A: 1F, The St. Regis Tianjin. No. Tianjin, No. 167 Dagubei Road, Great choice of Italian cuisine and 158, Zhang Zizhong Dao, Heping Heping District, Tianjin pizza. Brasserie Flo Tianjin District T: +86 22 5809 5099 A: No.83 Chongqing Lu, Min Yuan | REVISED 17.08.11 - TO REPLACE PREVIOUS VERSION | Flair酒吧 A: No.37, Guangfu Road T: +86 22 5830 9962 Stadium, Heping District 蔚蓝海餐厅 中国天津市和平区大沽北路167号 Italian Style Town, Hebei District 和平区重庆道83号民园体育场内 和平区张自忠路158号天津瑞吉金 天津丽思卡尔顿酒店一楼 T: +86 22 2662 6688 T: +86 22 8312 2728 融街酒店一层 福楼 河北区意大利风情区光复道37号 Churchill Wine & Cigar Bar Spectrum All-Day Dining A: 1F, Wanda Vista Tianjin, 486 Bahao 7F, Hotel Nikko Tianjin 1863 Bistro & Terrace A: Road, Da Zhi Gu, Hedong District No. 189, Nanjing Lu, Heping District A: 1F Astor Wing, The Astor Hotel, T: +86 22 2462 6888 A Luxury Collection Hotel, Tianjin No. T: +86 22 8319 8888 ext. 3570 丘吉尔红酒雪茄吧 彩西餐厅 33, Tai’er Zhuang Lu Heping District 河东区大直沽八号路486号天津万达 南京路189号天津日航酒店7层 文华酒店一层 T: +86 22 2331 1688 ext. 8918 1863别致西餐厅&花园 利顺德翼，和平区台儿庄路33号天 津利顺德大饭店豪华精选酒店一层
58 July 2016 I Business Tianjin July 2016 I Business Tianjin 59 Lifestyle Recommendations / Tianjin Lifestyle Recommendations / Tianjin SERVICES SERVICES HEALTH
Hotels Shan Yi Li Boutique Hotel A: No.55 Chongqing Road, PAN PACIFIC TIANJIN HOTEL European Chamber Hotels Heping District. A: No. 1 Zhang Zi Zhong Road, A: 41F, The Executive Center, T: +86 22 87135555 Hong Qiao District Tianjin World Financial Center, 2 [email protected] T: +86 22 5863 8888 Dagubei Lu, Heping District Hyatt Regency Jing Jin City E: Tianjin United Family Hospital 山益里精品酒店 E: [email protected] T: +86 22 5830 7608 Resort & Spa A: No.22, Tianxiao Yuan 中国天津市和平区重庆道 55 号 天津泛太平洋酒店 E: [email protected] No. 8, Zhujiang Da Dao The Lakeview, Tianjin-Marriott Tanjiang Dao, Hexi District A: 中国天津红桥区张自忠路 1 号 W: europeanchamber.com.cn Zhouliang Zhuang, Baodi District Executive Apartments T: +86 22 5856 8500 (Reception) T: +86 22 5921 1234 A: No. 16, Binshui Dao, Hexi District 24 Hour Emergency: Sheraton Apartment American Chamber 京津新城凯悦酒店 T: +86 22 5822 3322 T: +86 22 5856 8555 Zi Jin Shan Lu, Hexi District A: Room 2918, 29F, The Exchange 宝坻区周良庄珠江大道 8 号 A: 天津万豪行政公寓 W: ufh.com.cn Tower 2,189 Nanjing Lu Heping T: +86 22 2731 3388 河西区宾水道 16 号 天津和睦家医院 喜来登公寓 District 河西区潭江道天潇园 22 号 河西区紫金山路 T: +86 22 2318 5075 Hotel Nikko Tianjin F: +86 22 2318 5074 A: No. 189, Nanjing Lu, Heping District w: amchamchina.org T: +86 22 8319 8888 天津日航酒店 German Chamber 和平区南京路 189 号 A: Room 1502, Global Center, No. Fraser Place Tianjin Women’s and Children’s Renaissance Tianjin Lakeview 309 Nanjing Road, Nankai District, A: No. 34 Xing Cheng Towers Ao Specialized Health Hotel T: +86 22 8787 9249 Ti Street, West Weijin South Road, A: No.21,ShuiShangGongYuan A: No. 16, Binshui Dao, Hexi District [email protected] Ascott TEDA MSD Tianjin Nankai District E: East Road,Nankai District T: +86 22 5822 3388 A: No.7 Xincheng West Road, +86 22 5892 0888 T: +86 22 5898 2012 万丽天津宾馆 The Westin Tianjin T: Tianjin Economic-Technological [email protected] 400 10000 16 河西区宾水道 16 号 A: 101 Nanjing Road, Heping District E: Serviced Office DevelopmentArea, Tianjin 天津市招商辉盛坊国际公寓 W: amcare.com.cn T: +86 22 2389 0088 Holiday Inn Tianjin Riverside 中国天津市经济技术开发区新城西路 南开区卫津南路西侧奥体道星城 34 美中宜和医疗集团天津美中宜和妇 A: Phoenix Shopping Mall W: westin.com/tianjin 7 号 儿医院 天津君隆威斯汀酒店 号楼 Haihe Dong Lu, Hebei District +86 22 5999 7666 南开区水上公园东路 21 号 和平区南京路 101 号 T: The Ritz-Carlton, Tianjin T: +86 22 2627 8888 A: No. 167 Dagubei Road, Heping 天津海河假日酒店 Real Estate The Executive Centre Arrail Dental Tianjin District, Tianjin 河北区海河东路凤凰商贸广场 Asia-Pacific’s Premium Serviced International Building Clinic T: +86 22 5857 8888 CBRE Tianjin A: Rm 302, Tianjin International 天津丽思卡尔顿酒店 Office Provider A: 42F, Units 12 & 13, Tianjin World Building, No. 75 Nanjing Rd, Heping 和平区大沽北路 167 号 Financial Centre Office Tower, No. A: 41F, Tianjin World Financial Center Banyan Tree Tianjin Riverside District, Tianjin PRC 2 Dagubei Road, Heping District. 2 Dagubei Road, Heping District A: No. 34, Haihe Dong Lu, Tianjin T: +86 22 2331 6219/10/67 T: +86 22 5832 0188 24Hr Emergency Line: Hebei District, Tianjin Wanda Vista Tianjin T: +86 22 2318 5111 Somerset International W: cbre.com.cn 150 0221 9613 T: +86 22 5883 7848 486 Bahao Road, Da Zhi Gu, W: executivecentre.com A: Building Tianjin 世邦魏理仕天津分公司和平区大沽 arrail-dental.com www.banyantree.com Hedong District, Tianjin 300170 天津德事商务中心 W: 天津海河悦榕庄 Holiday Inn Tianjin Aqua City A: No, 75, Nanjing Lu 北路 2 号天津环球金融中心津塔写 瑞尔齿科 +86 22 2462 6888 和平区大沽北路 2 号天津环球金融 A: No. 6, Jieyuan Dao, Hongqiao T: Heping District 字楼 42 层 12-13 单元 和平区南京路 75 号 河北区海河东路 34 号 中心津塔写字楼 41 层 District F: +86 22 2462 7000 天津盛捷国际大厦服务公寓 天津国际大厦 302 室 Tangla Hotel Tianjin T: +86 22 5877 6666 天津万达文华酒店 和平区南京路 75 号 A: No. 219, Nanjing Lu, Heping District 天津水游城假日酒店 中国天津市河东区大直沽八号路 T: +86 22 2330 6666 T: +86 22 2321 5888 红桥区芥园道 6 号 486 号 Gyms Somerset Olympic Tower Tianjin 天津唐拉雅秀酒店 Powerhouse Gym Tian Cheng Hotel Tianjin A: No. 126, Chengdu Dao 和平区南京路 219 号 Jones Lang LaSalle Regus Tianjin Centre A: Binjiang Shopping Center, Kaifeng A: No. 66, Xinkai Lu, Hedong District Heping District th A: Unit 3509, The Exchange Mall A: 8 Tianjin Centre, No.219 Nanjing Dao, Xiao Bai Lou (1902 Street) Hotel Indigo Tianjin Haihe +86 22 2457 8888 天津盛捷奥林匹克大厦服务公寓 T: Tower 1, No.189 Nanjing Road, Road, Heping District Hexi District A: No.314 Jiefang South Road, 天津天诚酒店 和平区成都道 126 号 Heping District. T: +86 22 2317 0333 T: +86 22 2302 2008 Hexi District, 300202, Tianjin 河东区新开路 66 号 T: +86 22 2335 5888 T: +86 22 8319 2233 Regus Golden Valley Centre 宝力豪健身俱乐部 T: +86 22 8832 8888 The St. Regis Tianjin th 河西区小白楼滨江购物中心 Somerset Youyi Tianjin W: joneslanglasalle.com.cn A: 11 Floor, Block One, Golden F: +86 22 8832 6868 A: No. 158, Zhangzizhong Road Tianjin Goldin Metropolitan 仲量联行天津分公司 A: No. 35, Youyi Lu, Hexi District Valley Centre, Heping District 天津海河英迪格酒店 Heping District Polo Club 天津市和平区南京路 189 号津汇广 天津盛捷友谊服务公寓 T: +86 22 5890 5188 Leo GYM 中国天津市河西区解放南路 314 号 T: +86 22 5830 9999 A: No.16, Hai Tai Hua Ke Jiu Lu, 场1座3509室 Yi Boutique Luxury Hotel Tianjin 河西区友谊路 35 号 W: www.regus.cn A: 3 Floor, Olympic Center Stadium 天津瑞吉金融街酒店 Bin Hai Gao Xin Qu, Tianjin 雷格斯天津中心 A: No. 52-54, Min Zu Road, Hebei District T: +86 22 2810 7888 Swimming Diving Hall, Binshui Xi 和平区张自忠路 158 号 T: + 86 22 8372 8888 和平区南京路 219 号天津中心 8 层 T: +86 22 2445 5511 Dao, Nankai District ( 津塔旁，哈密道正对面 ) W: www.metropolitanpoloclub.com Associations 雷格斯金谷大厦中心 天津易精品奢华酒店 T: +86 22 6097 6681 天津环亚国际马球会 TICC (Tianjin International 和平区金之谷大厦一号楼 11 层 河北区民族路 52-54 号 W: leogym.com.cn 滨海高新区海泰华科九路16号 Association Community Centre) 力奥健身 and meeting place for foreign Hospitals 天津市南开区宾水西道奥林匹克游 Serviced Apartments passport holders and their families 泳跳水馆 Ariva Tianjin Binhai Serviced in Tianjin. Organises monthly coffee HYATT REGENCY Astor Apartment Apartment mornings, luncheons and social/ TIANJIN EAST The Astor Hotel, A: No. 32, Tai’er Zhuang Lu A: No. 35 Zi Jin Shan Road, Hexi fundraising events, supporting local A:126 Weiguo Road, Hedong Dist. A Luxury Collection Hotel, Tianjin Heping District District charities. International SOS Clinic Tianjin No. 33, Tai’er Zhuang Lu, Tianjin, 300161 A: T: +86 22 2303 2888 T: +86 22 5856 8000 E: [email protected] A: 1F Sheraton Hotel Apartment T: + 86 22 2457 1234 Heping District 利顺德公寓 F: +86 22 5856 8008 Sheraton Tianjin Hotel W: tianjin.weebly.com Building, Zi Jin Shan Road , Hexi F: +86 22 2434 5666 T: +86 22 5852 6888 和平区台儿庄路 32 号 www.stayariva.com District, Tianjin 300074 A: Zi Jin Shan Lu, Hexi District 天津利顺德大饭店豪华精选酒店 W: tianjin.regency.hyatt.com 滨海·艾丽华服务公寓 +86 22 23520143 T: +86 22 2731 3388 和平区台儿庄路 号 T: 天津帝旺凯悦酒店 33 天津市河西区紫金山路 35 号 国际 SOS 天津诊所 天津喜来登大酒店 天津市河东区卫国道 126 号 河西区紫金山路喜来登饭店公寓楼 河西区紫金山路 一层，300074
60 July 2016 I Business Tianjin July 2016 I Business Tianjin 61 Lifestyle Recommendations / Teda & Tanggu Transportation DINING SERVICES HEALTH
¥83 one way Western Hotels Spas TIANJIN-BEIJING AIRPORT Shuttle Bus BULLET (C) TRAIN TEDA & TANGGU Tianjin - Beijing Airport Terminals 2/3 Brasserie Restaurant Holiday Inn Binhai Tianjin Touch Spa TJ ~ BJS (¥55 - ¥93) BJS ~ TJ (¥55 - ¥93) A: Renaissance Tianjin TEDA A: No. 86, 1st Avenue, TEDA A: 2F, Renaissance Tianjin TEDA 04:00-18:00, runs every hour. Tian Huan Distance Bus Passenger Station Brazilian Hotel & Convention Centre T: +86 22 6628 3388 Hotel & Convention Centre The junction of Hongqi Lu and Anshan Xi Dao. Tel: +86 2305 0530 Train Tianjin Beijing Train Beijing Tianjin 天津滨海假日酒店 Salsa Churrasco No. 29, 2nd Avenue, TEDA No. 29, 2nd Avenue, TEDA C2002 06:18 06:53 C2001 06:01 06:36 开发区第一大街 86 号 A: 11F, Holiday Inn Binhai Tianjin T: +86 22 6621 8888 ext. 3711 T: +86 22 6570 9504 万丽西餐厅 开发区第二大街 号天津万丽泰 Beijing Airport Terminals 2/3 - Tianjin No. 86, 1st Avenue, TEDA 29 C2106 22:33 23:08 C2105 22:43 23:18 开发区第二大街 号天津万丽泰 达酒店及会议中心 T: +86 22 6628 3388 ext. 2740 29 07:00, 08:00, 09:00, 10:00 then every 30 minutes until 23:00. 巴西烧烤餐厅 达酒店及会议中心 Exit on the 1st floor at Gate 15 / Terminal 2 and Gate 1 / Terminal 3. 开发区第一大街 86 号天津滨海假 Yue Spa Tel: +86 10 6455 8718 TG ~ BJS (¥66 - ¥93) BJS ~ TG (¥66 - ¥93) A: 15F, Holiday Inn Binhai Tianjin 日酒店 11 层 Renaissance Tianjin TEDA Train Tanggu Beijing Train Beijing Tanggu Convention Centre Hotel No. 86, 1st Avenue, TEDA T: +86 22 6628 3388 A: No. 29, 2nd Avenue, TEDA ¥90 one way C2584 09:04 09:58 C2291 10:10 11:09 Chinese 开发区第一大街 86 号天津滨海假 TEDA-BEIJING AIRPORT Shuttle Bus Feast All Day Dining T: +86 22 6621 8888 日酒店 15 层 TEDA - Beijing Airport Terminals 2/3 C2594 20:26 21:21 C2593 20:26 21:21 Wan Li Chinese Restaurant Restaurant 天津万丽泰达酒店及会议中心 A: 2F, Renaissance Tianjin TEDA A: 1F, Sheraton Tianjin Binhai Hotel 开发区第二大街 29 号 06:45, 08:45, 14:45, 17:15. 1st Avenue, TEDA. Hotel & Convention Centre No. 50, 2nd Avenue, TEDA Hospitals Tel: +86 22 6620 5188 Wuqing ~ BJS (¥39 - ¥66) BJS ~ Wuqing (¥39 - ¥66) No. 29, 2nd Avenue, TEDA T: +86 22 6528 8888 ext. 6210 T: +86 22 6621 8888 ext. 6750 盛宴全日制西餐厅 Train Wuqing Beijing Train Beijing Wuqing 万丽轩中餐厅 开发区第二大街 50 号 Beijing Airport Terminals 2/3 - TEDA 开发区第二大街 29 号天津万丽泰 C2202 06:54 07:19 C2201 06:32 06:56 天津滨海喜来登酒店 1 层 10:30, 13:00, 18:30, 20:30. Exit on the 1st floor at Gate 15 /Terminal 达酒店及会议中心 2 层 2 and Gate 1 / Terminal 3. Tel: +86 10 6455 8718 C2246 21:27 21:52 C2245 20:56 21:20 International SOS Clinic TEDA Yue Chinese Restaurant BARS A: 102-C2 MSD, No. 79 A: 2F, Sheraton Tianjin Sheraton Tianjin Binhai Hotel 1st Avenue, TEDA, Tianjin Binhai Hotel A: No. 50, 2nd Avenue, TEDA T: +86 22 6537 7616 TIANJIN SUBWAY No. 50, 2nd Avenue, TEDA T: +86 22 6528 8888 国际 SOS 天津泰达诊所 T: +86 22 6528 8888 F: +86 22 6528 8899 天津经济技术开发区第一大街 79 ext. 6220/6222 W: sheraton.com/tianjinbinhai 号泰达 MSD-C 区 2 座 102 室 采悦轩中餐厅 天津滨海喜来登酒店 开发区第二大街 50 号 Happy Soho Live Music & 开发区第二大街 50 号 Gyms 天津滨海喜来登酒店 2 层 刘园 Dance BAR 华北集团 小淀 Liu Yuan Xiao Dian (Opposite of Central Hotel) Eco-City International Country North China Group 丰产河 A: No. 16, Fortune Plaza, Third Club 西横堤 Feng Chan He Japanese Xi Heng Di Avenue, TEDA A: No. 5681, Zhongxin Road, 宜兴埠 天士力 Tasly Station Sake n Sushi Bar T: +86 22 2532 2078 Crowne Plaza Tianjin Binhai South Ying-Cheng Island, Tianjin 果酒厂 Yi Xing Bu Line 1 Guo Jiu Chang A: 11F, Holiday Inn Binhai Tianjin 欢乐苏荷酒吧 No.55 Zhongxin Avenue Airport T: +86 22 6720 1818 张兴庄 A: Zhang Xing Zhuang Line 2 Transfer station No. 86, 1st Avenue, TEDA 开发区第三大街财富星座 16 号 生态城国际乡村俱乐部 本溪路 Economic Area, Tianjin Ben Xi Lu +86 22 6628 3388 ext. 2730 ( 中心酒店对面 ) 天津生态城中新大道 5681 号（营 勤俭道 铁东路 Line 3 terminal T: T: +86 22 5867 8888 Qin Jian Dao Tie Dong Lu 寿司吧 天津滨海圣光皇冠假日酒店 城湖南岛） Line 9 天津北站 开发区第一大街 86 号天津滨海假 洪湖里 天津市空港经济区中心大道 55 号 Hong Hu Li Tianjin North Railway Station 日酒店 11 层 Holiday Inn Binhai Hotel Education 中山路 Fitness Centrer 天津西站 Zhong Shan Lu A: 15F, Holiday Inn Binhai Tianjin Tianjin West Railway Station 金狮桥 Italian Jin Shi Bridge No. 86, 1st Avenue, TEDA 西北角 Xi Bei Jiao 天津站 T: +86 22 6628 3388 ext. 2960 芥园西道 Tianjin 远洋国际中心 曹庄 West Jie 长虹公园 西南角 东南角 Railway Sino-Ocean 靖江路 屿东城 国山路 滨海机场 HILTON TIANJIN ECO-CITY 天津滨海假日酒店健身中心 Cao Zhuang Yuan Road Chang Hong Park Xi Nan Jiao Dong Nan Jiao Station International Center Jing Jiang Lu Yu Dong Cheng Guo Shan Road Bin Hai Airport No. 82 Dong Man Zhong 开发区第一大街 86 号天津滨海假 A: 卞兴 咸阳路 广开四马路 鼓楼 建国道 顺驰桥 翠阜新村 登州路 空港经济区 Lu,Sino-Singapore Eco-City, 日酒店 15 层 Bian Xing Xian Yang Lu Guang Kai Drum Tower Jian Guo Dao Shun Chi Bridge Cui Fu Xin Cun Deng Zhou Lu Tianjin Airport Economic Area Si Ma Lu 津湾广场 Tianjin,P.R. China 300467 二纬路 大王庄 Jinwan Plaza Tianjin TEDA Maple Leaf T: +86 22 5999 8888 Er Wei Lu Da Wang Zhuang 东兴路 一号桥 新立 小东庄 Bene Italian Kitchen +86 22 5999 8889 和平路 International School F: Dong Xing Lu Yi Hao Qiao Xin Li Xiao Dong ZHuang A: 2F, Sheraton Tianjin Binhai Hotel rd He Ping Lu A: No. 71, 3 Avenue, TEDA E: [email protected] 海光寺 营口道 十一经路 No. 50, 2nd Avenue, TEDA Hai Guang Temple Ying Kou Dao Shiyijing Road 直沽 中山门 二号桥 东丽开发区 军粮城 +86 22 6200 1920 tianjinecocity.hilton.com 钢管公司 T: W: Zhi Gu Zhong Shan Men Er Hao Qiao Dong Li Jun Liang +86 22 6528 8888 ext. 6230/6232 Gang Guan T: 天津泰达枫叶国际学校开发区第三 天津生态城世茂希尔顿酒店 鞍山道 小白楼 Development Area Cheng Company 班妮意大利餐厅 An Shan Dao Xiao Bai Lou 大街 71 号 天津市中新生态城动漫中路 82 号 红旗南路 天塔 胡家园 Hu Jia Yuan 开发区第二大街 50 号 South Hong Qi Lu TV Tower 西康路 下瓦房 天津滨海喜来登酒店 2 层 Xi Kang Lu 塘沽站 王顶堤 Xia Wa Fang 周邓纪念馆 吴家窑 Tang Gu Wang Ding Di Apartments The Memorial to Wu Jia Yao Station Zhou Enlai and 财经大学 南楼 泰达 华苑 Deng Yingchao 土城 复兴门 Economics and Nan Lou TEDA Hua Yuan Tu Cheng Fu Xing Men finance college TEDA International School 市民广场 大学城 陈塘庄 华山里 双林 Shi Min Plaza A: No. 72, 3rd Avenue, TEDA University Town Chen Tang Zhuang Hua Shan Li Shuang Lin T: +86 22 6622 6158 高新区 会展中心 泰达国际学校 Tianjin Binhai Hi-tech Industrial Development Area Hui Zhang Center 开发区第三大街 72 号 TEDA, Tianjin – Marriott 东海路 学府工业区 Executive Apartments Dong Hai Lu Xue Fu Industrial District A: 29 Second Avenue TEDA, Tianjin 杨伍庄 天津南站 Yang Wu Zhuang T: +86 22 6621 8888 Tianjin South 天津泰达万豪行政公寓 Railway Station 天津经济技术开发区第二大街 29 号
62 July 2016 I Business Tianjin July 2016 I Business Tianjin 63 Art & Leisure Art & Leisure
unknown character on their necks or other part (only hoping that it means Zhang’s Clay Figures Tianjin what they had been told that it does)? While taking a walk along the So, Tianjin, as a city considered to Ancient Culture Street in Tianjin, be very special in China, has its own you may find a wide variety of style of painting. One of a kind curious folk art. It can be elegant By Nadia N. fans, handmade shoes and clothing, Yangliuqing (Green Willows) is a paintings and so on. One of the tiny town situated 15 km away from traditional Tianjin ones is Zhang’s Tianjin’s urban area. Apart for other clay figures. Mr. Zhang, the creator of less well-known customs, this town is these vivid figurines, lived in Tianjin famous for its wash painting. Earliest during Qing Dynasty (1826-1908). making has countless number of paintings can be traced back to the He started to make clay characters in technologies - different shapes, Ming Dynasty - well, you cannot his small workshop, and with time it materials and prints. One of the most expect less! gained popularity all over China, so famous masters of kites lived in China by now it is has nearly 180 years of and left his heritage to be carried history. on by his followers. This traditional These paintings are made using rice Tianjin handicraft has been around paper and special kind of paint - so for quite a while - first kites were they would not fade and lose colour. Some of the figurines are made to made in 770-464 BC. Wei kites are The plot usually is very simple, yet represent historical or religious famous for the fact that these can be humorous. It is practically impossible activists, others are those of famous folded into a fraction of their full size to confuse Yangliuqing paintings modern people, like politicians or which can be very convenient. These with any other kind - you won’t see actors. Even if Chinese parody or kinds of kites developed to being over black bamboo sticks, mountains, sarcasm on politicians is quite a rare 300 different types, and now, as we are heroes and lonely boats. However, phenomenon, some figurines would not in BC anymore, they can be made usually colour wash paintings show definitely upset a president or two. So, with modern materials: soft-winged, chubby blushing babies holding carps Chinese customers stop by the shop hard-winged, three-dimensional, or lotuses in their hands. A lot of of Zhang’s clay figures to buy one and and other. Nowadays, setting kites is Chinese people, while visiting Tianjin, have a good laugh. still a popular leisure activity among hina is quite a diverse country, where customs, cuisine, language and even people’s main characteristics can try to buy one or two paintings as Chinese, so, a lot of them prefer a souvenir and symbol of auspices. vary from one city to another - from North to South, from centre to periphery. So, consequently, customs and Wei’s Kites traditional Wei kites to other types. traditions range from one city to another. A great number of Chinese people traveling around the country find Frankly, Yangliuqing paintings will CTianjin’s culture peculiar, as there are some things that only can be found here. definitely lose to traditional Chinese Kite making is one of the most “philosophic” pictorial art pieces in a fascinating things created in China. Visit us online: XiangSheng or Comic Crosstalk would foreigners listen to Chinese assimilate in China, have fun with battle for being a fashionable interior So everyone who has ever tried to make a “flying dragon” must have btianjin.cn/160714 When expats arrive in China, and Crosstalk? Basically, it is not optional! their language and make jokes of solution, but these definitely deserve found out what a fine art it is. Kite master their first “Ni Hao!” – they This type of comedy is one of the their own cultural specialties. So, attention and sympathy. feel the world belongs to them. most popular programs on radio, and if after laughing about the joke he However, many people say that time if you ever wondered why listening to heard on the radio, your taxi driver to put a crown on yourself comes extremely fast dialogue makes your asks you weird cliché questions, don’t when you are able to understand current taxi driver burst with laughter take offence - Crosstalk victim is just the Crosstalk or XiangSheng. It is - he’s just appreciating a joke from the confirming the info! traditionally performed by two-three Crosstalk. This type of performance usually delivered in dialogue, uses comedians on the stage of Tianjin or Yangliuqing Colourful Wash rich and metaphorical language and is Beijing theatres. Well, generally, you Painting can think that it is a Chinese copy of spoken rapidly and emotionally. You Chinese art, especially painting, Kevin Hart’s or some other famous won’t confuse it with any boring news is definitely pretty distinctive and comedians’ stand-ups, but it would be report on the radio! has caught on all over the world in a terrible mistake and generalisation. different ways. For the past years, it While American comedians make has been a certain style, implemented audience laugh, by mentioning Tianjin Crosstalk is old and has in interior, clothing, and even tattoos! sexual or racial differences, Chinese earned absolute love of Chinese How many people around the colleagues enjoy mocking of all over the country. Though, why world are walking around with the foreigners and their attempts to
64 July 2016 I Business Tianjin July 2016 I Business Tianjin 65 Book Review Last Word
EAST COMMERCE Types of Chinese English Learners A JOURNEY THROUGH CHINA E-COMMERCE AND THE INTERNET OF THINGS By Mike Cormack Author: Marco Gervasi
It is no coincidence that China’s most famous (if not the largest f you have taught English in or most profitable, which remain in petrochemicals and banking) China – and if you are an English companies are the BAT trio of Internet companies. Baidu, Alibaba speaker in China, there is a good and Tencent have brought a nation of 1.3 billion together as never Ichance that you will do so at some before. And what did the people, it turned out, want to do when point – you will become familiar thus conjoined? They wanted to sell each other stuff. This new with the recurring types of adults book by Marco Gervasi is a welcome tour around this incredible who study the language. They are, of mushrooming of market forces made possible by the Internet. course, to be commended, for their With the author having been founder of The Red Synergy, a perseverance and desire for self- management consultancy focusing on ecommerce and the improvement. But there are definitely Internet of Things (IoT), he clearly knows of what he speaks. certain types of students within the Gervasi has also corralled an impressive guest list of interviewees, cohort of English learners, each of including Porter Erisman of Alibaba, Kaiser Kuo of Baidu, Junling them with their own foibles and Liu of Yihaodian, and JP Gan of Qiming Venture Partners, who idiosyncrasies. Here they are laid provide substance to figures and stories. out, so that you know how to handle ▲ A Teacher is teaching English East Commerce is a good, thorough overview of China’s upcoming them. e-commerce sector, covering JD.com, Xiaomi, Alibaba, Didi- point. But their life has been studying difficult type of student to teach. Kuaidi, Tencent, Baidu, Yihaodian and more. It is not, perhaps, The young businessman and cramming and revising and It’s not that he’s less able or less the most penetrating of books: if you are a regular reader of blogs If you have taught English in China – homework and exams for years past; hardworking than other students. It’s ‘Tech in Asia’ or Technode, the content may be familiar (and the and if you are an English speaker in they’ve probably been forbidden just that he hates not being capable text is also under-edited). But if you are a relative newcomer to China, there is a good chance that you relationships; and their evenings and of something, and takes it personally. this area and are hungry to know more, then East Commerce, will do so at some point – you will weekends been always crammed with So, under his voice or in little ways with its keen focus on the digital disruptors of traditional Chinese become familiar with the recurring extracurricular classes. What, then, that you can’t understand, he lashes business models, is for you. types of adults who study the do they have to talk about? Nothing. out at you for him not understanding. language. They are, of course, to be It’s all basic projection of frustration, commended, for their perseverance of course, the sort of thing you see and desire for self-improvement. But Adults who study all the time as a high school teacher. there are definitely certain types of the language are But Muscle Man is accustomed to overcoming and to dominance, which students within the cohort of English definitely certain Quotes of the Month learners, each of them with their own makes his own attitude and behavior foibles and idiosyncrasies. Here they types of student within self-defeating – not that you could We are addicted to our thoughts. We cannot change anything are laid out, so that you know how to the cohort of English ever tell him that. handle them. if we cannot change our thinking. ~ Santosh Kalwar learners, each of them The babe The student with their own foibles Pretty much every class has the Queen Price is what you pay. Value is what you get. ~ Warren Buffett Some high school students sit in adult and idiosyncrasies. Bee, the hot stuff, the babe. Oh, she classes, perhaps when they’ve reached knows it, alright. But she can be a an adult competence or (essentially) solid member of the class. With her Muscle Man An attitude of positive expectation is the mark of the superior if there’s no space for them. Though constant use of Weibo and WeChat, students can be up to nineteen or Muscle Man is a young man, in she often has an excellent grasp of personality. ~ Brian Tracy even twenty years old, it can be tough his early-mid 20s, with a liking of Chinese current affairs – usually more teaching them in an adult setting. basketball and hiphop. He’s fit and so than anyone except the Young They’re plenty keen, and will assist has the arrogant vitality of a man in Businessman. If you’re a male teacher, others who struggle to understand a his prime. He’s probably the most your attention will be required, if not
66 July 2016 I Business Tianjin July 2016 I Business Tianjin 67 Last Word
The future exchange student You would think this type of learner would be the most fun to learn. Through parents willing to fork out for tuition fees and accommodation, teachers obliging with nice academic references, and maybe the assistance of an editing company able to, ahem, finesse his application essays, this student has been offered a place in a reputable university in US or UK. But first they’ve got to get their English up to the mark. You think they’d be nervously excited about going abroad, and keen to pick up insights of foreign student life and academic approach? Wrong. demanded. If you’re a female teacher, husband and her ability to stand in This student has been stuffed full of you may find your hold over the men life without much challenge once education, like a goose force-fed with in the class lessened as she strives their child has gone to school, the a tube to produce fois gras. Like The to assert her place in the hierarchy. housewife seems to endure rather Student, they know nothing more (Don’t pretend this stuff doesn’t go than enjoy classes. She doesn’t to life than a cram-it-in education. on – it’s always going on). But while contribute much in class but is good But, worse, all of their youthful a male teacher may hold a certain in groups. Although probably older vitality has been squished out. With attraction to her, let’s be real: you’re in than you, she hasn’t the life experience no experience of extracurricular a foreign land, renting a flat, without to make valuable classroom activities (beyond studying) or self- a car, and earning around RMB15000 discussion points in the same way as development, it’s little wonder they a month. You just ain’t going to cut it, Young Businessman or The Babe. Her coalesce into their own little colonies buddy. conversation therefore tends towards once abroad. It’s just a shame that all the fantastically clichéd – did you those wonderful experiences available know that China is peaceful, Paris to them go begging. The bored housewife is romantic, or that South Korean Aged anything between 30 and 55, people often have plastic surgery? depending on the wealth of her Visit us online: btianjin.cn/160715
68 July 2016 I Business Tianjin