Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine

Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine



                                                            Follow us
                                                           on Wechat!

and the options to travel
Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine

                   A world-class education for foreign
                          children in Tianjin.

                   AP Capstone Program and Diploma now available!
                  Contact us for more information or to schedule a tour.

No. 4-1 SiShui Dao, Hexi District 300222 | (22) 8371 0900 ext. 311 |
Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine
Letter from the Editor
                                  Dear Readers,
                                  In recent weeks, the lockdown that has affected most of China at some time
                                  or another during the first part of 2020 is slowly passing, and we hear that
                                  life is now able to return to normal. However, the reality of that scenario is
                                  far from the truth as many people have still not returned to work, or at least
                                  they have not returned to work the way things were before the first signs of
                                  the coronavirus emerged.

                                  I see evidence that businesses are adapting to the changes pressed on
                                  them. For many, this means less staff, and for others, where possible,
                                  working from home. There are still huge numbers of students not at school
                                  despite the information that schools are reopening. Also, lots of students are
                                  now taking classes online.

                                  An industry that has yet to recover is the tourist and travel sector. Those
                                  markets could remain static for some time to come, and as yet there is no
                                  way of knowing when things will improve for them.

   Recent Past Editons            When Beijing's new Daxing International Airport opened in late September
                                  2019, it was hailed as an essential new airport for China, but mainly for
                                  Beijing, Tianjin and surrounding cities, including Baoding, Shijiazhuang,
                                  Langfang, ...

                                  This new airport has been designed to become the world's busiest airport,
                                  with an expected annual capacity of 45 million passengers to be achieved
                                  by 2021, and estimated to top 100 million annually in the near future. The
                                  terminal building is the largest single-structure airport terminal in the world,
                                  with an area of more than 1,000,000 m2. It was completed on June 30, 2019.

                                  In this issue we will look at the transportation options between Daxing
                                  airport and the cities of Tianjin, Beijing and Shijiazhuang. The airport is
                                  located near Langfang district, on the border between Beijing and Hebei
                                  Province. It is 46 km from Tiananmen Square, 130 km from Tianjin city centre,
                                  and almost 200 km from the city of Shijiazhuang, capital of Hebei province.

                                  Don’t miss the Last Words column, where our columnist Leoni tells us about
                                  the second part of her experience during her quarantine and isolation
                                  period after coming back from her home country to resume her work.

                                  Visit our website and follow us on our official
                                  WeChat account (ID: business_tianjin) for a complete list of articles and

                                  Mary Smith

   ADVERTISING AGENCY             Managing Editor | Business Tianjin Magazine


         May 2020
   Business Tianjin is FREE
     For Members ONLY

       ISSN 2076-3735                                                   
Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine
Biz Briefs
Contents                                                                          May                                     Tianjin News
                                                                                                                    Tianjin school reopened
                                                                                                                                                                 functions and attracts talent from all
                                                                                                                                                                 over the world.
                                                                                                                                                                                                              24,651 passengers who failed to pass
                                                                                                                                                                                                              the health and quarantine inspection
                                                                                                                                                                                                              staying in the entry cities for a 14-day
                                           focus                             07   BIZ BRIEFS
                                        Beijing Daxing                                                              from April 20                                Tianjin, Beijing and Hebei                   isolation, said Ma Bing, chief of the
                                                                                                                                                                 Lower COVID-19 Response                      administration's Operation Monitoring
                                        International Airport                11   numbers                                                                                                                     Centre. The airport in Tianjin has
                                                                             12   ECONOMY                                                                                                                     handled the largest number of
                                        In this article we will look at                                                                                                                                       diverted flights so far with 30, followed
                                        the transportation options
                                                                                  Rebound of the Economy                                                                                                      by airports in Qingdao, Shandong
                                        between Daxing airport and                                                                                                                                            province, and Hohhot, and the Inner
                                        the cities of Beijing, Tianjin and   14   FEATURE STORY                                                                                                               Mongolian autonomous region, which
                                        Shijiazhuang. The airport is
                                        located near Langfang district,           Recovery after Covid-19           Tianjin has gradually reopened schools,                                                   handled 15 and 14 diverted flights
                                                                                                                    with classes for senior students in                                                       respectively, he added.
                                        on the border between Beijing        16   INSPIRATIONAL
                                        and Hebei Province. It is 46 km                                             middle and high schools being
                                                                                  Howard Schultz                    resumed on 20 April. Junior high             Tianjin Municipality starting from           Tianjin Extends 6 Metro Lines and
                                        from Tiananmen Square, 130
                                                                                                                    schools, ordinary high schools,              yesterday Thursday will downgrade its        Starts Construction of Line 13
                                        km from Tianjin city centre, and     19   TRAVEL
                                        almost 200 km from the city of                                              secondary vocational schools, higher         public health emergency response for
                                        Shijiazhuang.                             Canaima                           education institutions and                   the COVID-19 epidemic from the top
                                                                                                                    non-graduation grades and grades 4-6         level to the second level, said a local
                                        See Page 24                          22   investmenT                        of elementary schools have reopened,         health official. Gu Qing, deputy director
                                                                                                                    while grades 1-3, colleges and               of the municipal health commission,
                                                                                  Tianjin-based CanSino Biologics   universities should prepare to reopen        said at a press conference that the
inspirational                                                                24   FOCUS                             in early or mid-May. Kindergartens and       improving epidemic prevention
Dreams are to be                                                                                                    training institutions will reopen after      and control situation in Tianjin has
                                                                                  Beijing Daxing Airport            the epidemic has passed.                     been further sustained, with the risk        Six metro lines will be extended in
                                                                             28   TAX & FINANCE                                                                  of transmission remaining overall            Tianjin, with extension of one more
Nowadays, this
                                                                                                                    Continental powertrain unit                  controllable. Gu noted that Tianjin          having been approved, as follows:
entrepreneur’s net worth                                                          Striking back against the
                                                                                                                    to set up Tianjin R&D center                 will step up efforts to promote the          Line 2: Extension from Airport station
is $4.1 billion. It is hard
to believe that he was                                                            outbreak of COVID-19                                                           resumption of work and production            to Airport Economic Zone; Line 5:
                                                                                                                                                                 and reopen schools, commercial               Extension from Liqizhuang Nan to
brought up in a poor                                                         33   BOOK REVIEW                                                                    facilities, tourist attractions and public   Liyuantou; Line 6: Extension from
working-class family.
                                                                             34   TECH                                                                           places in an orderly manner.                 Lushui Dao to Shuang Gang Industrial
See Page 16                                                                                                                                                                                                   Zone; Line 8: Extension from Lvshui
                                                                                  Amazon, Apple and Google                                                       Tianjin airport handled the                  Park to Zhongbeizhen, Xiqing; Line 10:
                                                                                  joining forces to make smart                                                   largest number of diverted                   Extension from Yutai to Liyuantou; Line
                                                                                                                                                                                                              11: Extension from No. 1 Hospital to
                                                                                  homes                                                                          flights from Beijing
LAST WORDS                                                                                                          Vitesco Technologies, the powertrain                                                      Houtai No.1 Hospital; New Line: Metro
                                                                             36   MARKETING                         business of Continental, has                                                              Line 13. The line runs from Dananhe,
Going back to China amidst the virus?                                                                                                                                                                         Xiqing District to Jinzhonghe Street,
                                                                                  Branding during COVID-19 Crisis   announced that it will build a research
                                                                                                                    and development center in Tianjin.                                                        Hebei District, with a total length of
Yes, that was the reaction                                                   38   BUSINESS NEWS                                                                                                               about 21.1 kilometres.
of family and friends when                                                                                          Vitesco Technologies will develop
                                                                             42   CHAMBER REPORT                    technologies for hybrid and electric
I officially announced I was
ready to go back to China to                                                                                        powertrains in the new R&D center,                                                                 FINANCE
face the virus, the real reason                                              46   LISTING                           which is scheduled for completion in
being that I want to get the                                                                                        2021. The company's decision is based                                                     China will lower 2020 GDP
quarantine done and dusted
                                                                             52   ART & LEISURE                     on China's position as the world's           China has so far seen smooth                 target to 5%
                                                                                                                    largest new-energy vehicle market as         operations while international flights
so I can get some normality                                                       Ping Pong and Badminton
and structure back into my life.                                                                                    well as broad government support.            due to arrive in Beijing are diverted
                                                                             54   LAST WORDS                        The new R&D center will include a lab        to other airports as their first port of
See Page 54                                                                       Going back to China amidst the    where electric drive technologies can        entry, according to the country's civil
                                                                                                                    be tested and validated with a wide          aviation authority. As of middle of April,
                                                                                  virus?                            array of advanced test facilities. It will   a total of 106 flights bound for Beijing
                                                                                                                    cover systems, software, electronics,        have been diverted to 12 designated
                                                                                                                    mechatronics as well as supporting           airports, with about 84 percent of the

                                                                                                                                                                                                                                           I May 2020     7
Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine
Biz Briefs                                                                                                                                                                                                                    Biz Briefs
      China's purchasing managers' index         U.S. bank to take full control of its     internal investigation. Luckin Coffee       5G China’s Mobile Carriers                tax exemption for two years, state
      (PMI) bounced back to 53 in March,         mutual fund operations in China.          announced that its preliminar y             try to replace WeChat                     media reported on 31 March, quoting
      bolstering the country's confidence to                                               investigation uncovered fabricated                                                    an executive meeting of the State
      ramp up efforts to achieve this year's     Yum China Expands Into                    transactions accounting for a total of                                                Council chaired by Chinese Premier Li
      economic and social development            Chinese Casual Dining                     RMB 2.2 billion ($310 million) from the                                               K eqiang. The ex tension of NE V
      goals, though some economists have                                                   second to the fourth quarter of 2019.                                                 subsidies and purchase tax exemption
      said that a GDP growth rate of 5% for                                                Certain costs and expenses had also                                                   is expected to help China maintain its
      the year is acceptable. Data from the                                                been substantially inflated, according                                                leadership in the global NEV domain.
      National Bureau of Statistics (NBS)                                                  to the investigation. Based on its                                                    Due to the coronavirus spread and the
      showed that China's manufacturing                                                    falsified financials, Luckin Coffee was                                               Spring Festival, China’s NEV sales        public concern over animal welfare
      PMI for March recovered to expansion                                                 expected to generate $732 million in                                                  plunged 59.5% year-on-year to 59,705      and prevention of disease transmission
      territory at 52, after slumping to a                                                 sales in 2019, according to Investor                                                  units in the first two months. Although   from animals to humans, China’s
      record low of 35.7 in February as                                                    Place. In other words, the fabricated       China’s three largest state-owned         the government is pushing ahead with      Ministry of Agricultural and Rural
      the COVID-19 epidemic rattled the                                                    transactions appear to have made up         mobile car r iers - China M obile         the phase-out of NEV subsidies, the       Affairs singled out canines as forbidden
      country's businesses and production.       Yum China Holdings today announced        almost half of the chain's sales in 2019.   Ltd., China United Network                tried-and-true approach might be          in a draft “white list ” of animals
      Although it's a month-on-month             that it has acquired a controlling                                                    Communications Group Co.                  useful to stabilize the NEV               allowed to be raised for meat. The
      gauge, the index shows that the            interest in the Huang Ji Huang            China Plans to Build 630,000                Ltd. (China Unicom) and China             consumption during the virus-hit days.    city of Shenzhen recently approved
      operations of Chinese enterprises have     group, a Chinese-style casual dining      Base Stations of 5G in 2020                 Telecommunications Corp. (China                                                     the first-ever mainland China ban on
      improved, along with calls to steadily     franchise business. Founded in 2004                                                   Telecom) - have teamed up to launch       Spitting and Littering will be            consumption of dog and cat meat, a
      resume economic activity across the        and headquartered in Beijing, Huang                                                   a 5G-enabled messaging platform in        Punished                                  move that has given hope to animal
      country.                                   Ji Huang has over 640 restaurants in                                                  their latest attempt to regain users’                                               welfare groups worldwide that other
                                                 China and internationally, Yum said                                                   attention amid the popularity of                                                    parts of the country could soon follow
      JPMorgan to Own 100% Stake                 in a statement. The group operates                                                    mega-apps like Tencent’s ubiquitous                                                 suit. The new draft policy has provided
      in Securities JV in China                  primarily under a franchise model, and                                                WeChat. The 5G messaging service                                                    even more optimism.
                                                 its brand portfolio includes Huang Ji                                                 laid out by the trio in a white paper
                                                 Huang, which specializes in its own                                                   is a kind of Rich Communications                                                    Most Symptom-Free Cases
                                                 spin on the Chinese hot pot, which it                                                 Service (RCS), a more advanced type                                                 Never Get Sick
                                                 calls simmer pots. It also operates San   China Mobile is the largest of China’s      of SMS that includes functions like
                                                 Fen Bao, a newly launched Chinese         three largest state-owned carriers. The     high-definition video, group chats,
                                                 fast food concept in China. Yum China     company has been at the centre of           branding, sharing of GIFs, chatbots and   Beijing will punish such behaviors as
                                                 said it plans to establish a Chinese      Beijing’s effort to roll out 5G networks    other content not available through       not wearing masks when being sick
                                                 Dining Business Unit comprising           across the country. China plans to          standard text messages. The carriers      with the flu or not covering one’s
                                                 three Chinese dining brands, Little       build a total of 630,000 base stations      have announced no timeline for the        mouth and nose when coughing or
      As China opened its financial markets      Sheep, East Dawning, and Huang Ji         by the end of this year, with China         rollout, but market watchers expect it    sneezing in public spaces or eating
      to foreign firms with the removal of       Huang, leveraging its fast food scale     Mobile responsible for about half of        to be operational by June. The white      on the subway. Such behaviors will
      restrictions on ownership effective 1      and system capabilities with Huang        that total. As of the end of February,      paper claims that in the future, all 5G   be treated as uncivilized ones subject
      April, JPMorgan (JPM) has agreed to        Ji Huang's franchising and product        China Mobile had 80,000. The                handsets will be able to be equipped      to penalties under a new regulation
      own 100% of its Chinese mutual fund        development skills.                       company had said it would spend 180         with the service.                         passed by the capital's top legislative   For the first time, China has publicized
      joint venture (JV) – China International                                             billion yuan on 5G this year. Chinese                                                 body on Friday. The new rule takes        a breakdown of people testing positive
      Fund Management Co. The bank plans
      to spend around $1 billion to take
                                                 Luckin Coffee plunges 81%
                                                 as it reveals probe into
                                                                                           telecom giant Huawei and hometown
                                                                                           rival ZTE were the big winners in China
                                                                                                                                           Law & Policy                          effect on June 1 after being passed by
                                                                                                                                                                                 the Standing Committee of the Beijing
                                                                                                                                                                                                                           for the novel coronavirus without
                                                                                                                                                                                                                           outward signs of being sick, revealing
      full ownership of the venture from         cooked-up sales                           Mobile’s latest tender of 5G contracts,     Electric Vehicle Incentives               Municipal People's Congress on Friday.    that those among them who remain
      Shanghai International Trust Co.. The                                                with the pair snapping up over 85%                                                                                              symptom-free throughout infection
                                                                                                                                       to be extended by Two Years
      development follows the opening                                                      of base stations, according to the
                                                                                                                                                                                                                           are in the majority. Among 6,764
      up of the Chinese markets for foreign                                                results announced by the state-owned                                                                                            people who tested positive for
      financial firms. China’s securities                                                  telecom carrier. The contracts to build                                                                                         infection without showing symptoms,
      regulator—The China Securities                                                       232,143 fifth-generation wireless                                                     China now classifies dogs as              only one fifth of them (1,297) have so
      Regulatory Commission (“CSRC”)—                                                      network base stations in 28 provincial                                                                                          far developed symptoms and been
                                                                                                                                                                                 pets, not livestock
      removed restrictions on foreign                                                      level regions were put out for tender in                                                                                        re-classified as confirmed cases, China’s
                                                                                                                                                                                 The Chinese government has signalled
      ownership. Notably, it now allows                                                    early March. Huawei Technologies Co.                                                                                            National Health Commission
                                                                                                                                                                                 an end to the human consumption
      foreign companies to take full control                                               Ltd. won the lion’s share and will build                                                                                        spokesman Mi Feng said at a briefing
                                                                                                                                                                                 of dogs, with the agriculture ministry
      in securities JVs by buying out their                                                57.2% of the base stations, while 28.7%                                                                                         in Beijing.
                                                                                                                                                                                 today releasing a draft policy that
      local partners or setting up their own     Luckin Coffee fabricated hundreds         went to smaller peer ZTE Corp.
                                                                                                                                       China has decided to extend the           would forbid the consumption of
      money management and investment            of millions of dollars’ worth of coffee                                               validity period of the subsidies on new   canine meat. Citing the “progress of
      banks. Notably, JPMorgan is the first      orders last year, according to an                                                     energy purchases and NEV purchase         human civilization” as well as growing

8   May 2020 I                                                                                                                                                                                                                                          I May 2020     9
Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine
Biz Briefs                                                                                                                                                                                                                                       Numbers

       Wuhan lifts 76-day lockdown
                                                   The station has adopted a number of
                                                   intelligent design concepts and smart
                                                   construction technologies for the
                                                   first large-scale public facility built in
                                                   Xiong'an New Area. Xiong'an Station,
                                                                                                In November 2004, two children in a
                                                                                                Henan village were found poisoned
                                                                                                with tetramine, a common rodenticide.
                                                                                                One child recovered; the other died.
                                                                                                Wu Chunhong, a villager who had
                                                                                                                                         Starbucks President & CEO Kevin
                                                   606 metres long and 355.5 metres             been involved in trivial disputes with                                                   The level of China's investment in the            Cummins first-quarter revenues in
                                                                                                                                         Johnson said: “For the month of April,
                                                   wide with a total floor area of 475,200      the children’s family, was arrested                                                      continent of Africa has been increasing at        China were $1.1 billion, a decrease of
                                                                                                                                         comparable-store sales in China were                                                              19% and were significantly impacted
                                                   square metres, is the largest of all five    and charged with homicide. Wu’s          down approximately 35%, marking strong          a steady rate. At the 2018 China-Africa
                                                                                                                                                                                                                                           by Covid-19-related shutdown All their
                                                   stations along the Beijing-Xiong'an          family pleaded his innocence for over    improvement from a weekly low of minus          Cooperation Forum, China announced
                                                                                                                                                                                                                                           manufacturing facilities in China were fully
                                                   intercity railway. Beijing Daxing Station    a decade, filing appeal after appeal.    90% in mid-February. We believe, barring        it would be providing $60 billion in              operational by the end of the first quarter.
                                                                                                                                         any new disruptions, that our business in       financial support to Africa.
                                                   and Beijing's New Airport Station are        In September 2018, the Supreme
                                                                                                                                         China is on a path to substantial recovery
                                                   within Beijing city boundaries, while        People’s Court ruled that there had      by the end of the third quarter.”
                                                   Gu'an East Station, Bazhou North             been insufficient evidence to convict
       China has ended its lockdown of             Station and Xiong'an Station are in          Wu of homicide and ordered a retrial
       Wuhan, the original epicentre of the        Hebei province.                              in the Henan High People’s Court.
       coronavirus crisis, as the city
       re-emerges from a deadly outbreak
       that is now raging across the globe.
                                                   8-month-old Panda cub                        E-tickets are available

                                                   strangled by rope swing at                   at All High-speed Railway

                                                                                                                                            9.9 GW 1.0%
       But even as Wuhan reopens its borders
       after 76 days, some restrictions within     sanctuary                                    Stations
       the city will remain in place, and
       officials warn that the threat of further
       infections remains far from over. The
       metropolis of 11 million, where the
       coronavirus was first detected in                                                                                                 Around 10 GW of older coal-fired capacity       Sales of Dupont in China were down organically
                                                                                                                                                                                                                                           China has built the world’s longest highway
                                                                                                                                         had typically been retired annually in recent   1%, which actually surprised everyone that        system (about 150,000 kilometers), the
       December, had been sealed off from                                                                                                                                                it was that good considering they were shut
                                                                                                                                         years, but that trend went into reverse in                                                        world’s largest high-speed rail network
       the outside world since 23 January in                                                                                             the first quarter of 2020, when six major       down for a few extra weeks. But in April, their   (about 30,000 kilometers today, growing
       an unprecedented effort to contain                                                                                                                                                sales are up 6% to 7% in China. From a minus 1%
                                                                                                                                         new coal-fired projects were approved that                                                        to 40,000 kilometers by 2025), and enough
       the outbreak. On 8th of April healthy                                                    All high-speed and intercity railway     could add 9.96 GW of capacity. It would
                                                                                                                                                                                         to a plus 6% or 7%, it’s pretty impressive.
                                                                                                                                                                                                                                           housing to move nearly 600 million people
       residents and visitors will finally be      An eight-month-old giant panda cub           stations on the Chinese mainland will    be important to monitor the pace of new                                                           from the countryside to cities.
       allowed to leave Wuhan, the capital of      has died from accidental strangulation       allow passengers to use electronic       project approvals for the rest of the year.
       Hubei province, with trains and flights     at a Sichuan protection centre. The          tickets, the country's top railway
       resumed and highway entrances               female cub, named Lulu, was playing          operator said on Tuesday. With the
       reopened.                                   in an outdoor area at the Shenshuping        adoption of e-ticket service on the
                                                   Base for giant pandas in Sichuan             high-speed line linking Lanzhou of
                                                   Province around 2 a.m. when she              Gansu province and Urumqi of the
       Beijing-Xiong'an Railway set
                                                   became entangled in a rope and               Xinjiang Uygur autonomous region

       to open by end of 2020

                                                                                                                                             25%                                                                                                     2%
                                                   suffocated, said the China                   on Wednesday, all 1,075 high-speed
                                                   Conservation and Protection Centre           stations will allow passengers to
                                                   for the Giant Panda. The centre said a       check in without a paper ticket,
                                                   staff member on night patrol had             said the China State Railway Group.
                                                   assumed the cub was resting on the           When entering the station and
                                                   wooden structure. Early on 10 April, a
                                                   breeder observed the area from a
                                                                                                checking in, passengers need only
                                                                                                swipe an identification card - a
                                                                                                                                         In China, approximately 25% of McDonald’s
                                                                                                                                         restaurants were closed in early February.
                                                                                                                                                                                         The       Million
                                                                                                                                                                                         Serbian President, Aleksandar Vučić, has
                                                                                                                                                                                                                                           The World Bank says in the base case
                                                                                                                                                                                                                                           scenario, China will see growth fall to 2%
                                                   distance, but also failed to detect an       second-generation ID card for Chinese    By the end of March, substantially all          said “Serbia is very popular in China due to      this year from 6% last year - and if things
                                                   issue. The incident wasn’t discovered        mainland residents, a permanent          restaurants had reopened. However, the          its friendly relations and we are considering     get worse, it would see growth fall to 0.1%.
                                                   until the breeder entered the outdoor        residence permit for foreign "green      market continues to experience a reduced        for Air Serbia to launch flights to the           That's basically no growth.
       The Beijing-Xiong'an intercity railway is                                                                                         level of demand as consumers have not           country in the coming period. Last year
                                                   area around 9 a.m. and saw that Lulu         card" holders, or a mainland residence   fully returned to their pre-Covid routines.
       expected to start joint debugging and                                                                                                                                             we registered 269.000 overnight stays by
                                                   had been strangled. A vet confirmed          permit or travel permit for Hong Kong,
       commissioning tests in September and                                                                                                                                              Chinese tourists. We believe that number
                                                   the cub had been dead for some time.         Macao and Taiwan residents- at the                                                       could reach up to 5 million”.
       enter service by the end of this year.
                                                                                                self-service counters. Foreigners with
       The railway will have a total length
                                                   Man Absolved of Killing Child                passport need to check in through the
       of 92.4 kilometres, linking the capital,
                                                   After 15 Years in Prison                     mannual channel.
       Daxing Airport and Xiong'an New
       Area through only a 30-minute ride.         In the highest court of Henan province,
       The Xiong'an Station project started in     a man who was handed a suspended
       December 2018 and is expected to be         death sentence in 2006 for poisoning
       put into operation by the end of 2020.      two children, was declared innocent.

10   May 2020 I                                                                                                                                                                                                                                                           I May 2020      11
Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine
Economy                                                                                                                                                                                                                                              Economy
                                                                                                                                         Beijing released $2 trillion in new lending
                                                                                                                                         and made other moves that released still
                                                                                                                                         more credit into the financial system. As
                                                                                                                                         a result, China became one of the world’s

                                                                                                                                         most indebted economies in less than
                                                                                                                                         a decade, which is not a positive sign.
                                                                                                                                         Economists from all over the country
                                                                                                                                         have warned that the debt could hold
                                                                                                                                         back long-term growth and disrupt the

     of the
                                                                                                                                         financial system. Even if China strengthens
                                                                                                                                         its economy internally, it must cope with a
                                                                                                                                         lack of demand for its goods from abroad.

                                                                                                                                         Fewer businesses opening

                                                                                                                                         Lots of Chinese businesses are struggling
                                                                                                                                         with the economic fallout of the novel
                                                                                                                                         coronavirus. The pace of new firms being
                                                                                                                                         established has slowed significantly;
                                                                                                                                         around 3.2 million businesses were set up                 The Chinese government has to provide
                                                                                                                                                                                                   more help for the economy. At this point,
                                                                                                                                         in the first quarter, which is 29% lower than
                                                                                                                                         a year earlier.                                           it would be reasonable to lower the GDP         新冠病毒大流行造成破坏后,中国经济正在
                                                                                                                                                                                                   growth target significantly and halt the        显示出复苏的迹象。自 1976 年以来,中国
                                                                                                                                                                                                   poverty increase, support the labour
                                                                                                                                         Factories are not at their                                                                                首次遭受第一季度的收缩,尽管中国的经济
                                                                                                                                                                                                   market in addition to cutting interest rates    增长有望在第二季度反弹。对于政府来说,
                                                                                                                                         full capacity                                             and taxes, and announce more support for        从 4 月到 6 月这段时期将是非常困难且至
                                                                                                                                         Factories are now struggling to get back                  individuals and health care systems.            关重要的时期。
                                                                                                                                         to full capacity given the shortages of
                                                                                                                                         labour and essential parts. More than                     The I nter national M onetar y Fund             支持经济
                                                                                                                                         460,000 Chinese firms closed permanently                  expects China to contribute more than a         中国计划为经济提供更多支持,例如投资于
                                                                                                                                         between January and March as the                          quarter of the global growth in the next        区域发展和基础设施项目,同时保持审慎的
                                                                                                                                         coronavirus pandemic battered Asia’s                      five years, which means the exporting           货币政策和合理的流动性。
                                                                                                                                         largest economy, with more than half of                   and manufacturing giant’s ability to
                                                                                                                                         them having operated for less than three                                                                  工厂产能不足
                                                                                                                                                                                                   resume business is critical for the world
                                                                                                                                         years, corporate registration data shows.                 economy. Thus, the actions of the               鉴于劳动力和必要零件的短缺,工厂现在正
       By Morgan Brady                                                                                                                                                                             Chinese government are relevant to other        努力恢复满负荷生产。公司注册数据显示,
       China's economy is showing some signs     minimum growth rate of 5.6% for the        with reasonably ample liquidity.             Industrial production                                     economies, not just its own.
                                                                                                                                                                                                                                                   体,在 1 月至 3 月间,超过 460,000 家中
       of recovery from the devastation caused   full year.                                                                              falls                                                                                                     国公司永久关闭。
       by the novel coronavirus pandemic.        GDP growth this year in the world's        The economy is going through its             Industrial production fell by 13.5% and                   Optimistic forecasts indicate that the
       The impact of the pandemic on China’s     second-largest economy could fall to       biggest recession in decades. The State      sales shrank to 42% in January and                        economy is likely to regain some strength       工业生产下降
       economy is generally controllable and     around 1% or 2%, down from 6.1% in         Council said the government aimed            February. Beijing’s focus is to try to revive             in the second quarter, but this depends on
                                                                                                                                                                                                                                                   1 月和 2 月工业生产下降了 13.5%,销售
       the fundamentals remain resilient.        2019, according to recent estimates by     to better integrate fiscal, financial and    the automotive industry. The government                   what happens in China and abroad. The           萎缩至 42%。北京的重点是试图振兴汽车
       However, growth could be entirely                                                    monetary policies, deepen capital            will extend tax breaks and subsidies on                   Chinese government is trying its best to        业。政府将电动汽车的税收减免和补贴延长
                                                 analysts. In a worst-case scenario, the
       wiped out in 2020, putting millions of                                               market reforms and further open up the       electric vehicles by two years, while cutting             keep the economy steady, but there is still     两年,同时从 5 月到 2023 年底削减二手车
                                                 $14 trillion economy may not grow
       jobs at risk.                                                                        financial sector.                            sales tax on used cars from May through to                huge uncertainty over the future path and       的销售税。
                                                 at all, the World Bank warned earlier
                                                                                                                                         the end of 2023.                                          how strong the economy will be.
                                                 this week. Many analysts said that the                                                                                                                                                            总之
       For the first time since 1976, China      headline economic growth rate in the       Economists truly believe that the
       is expected to suffer a first-quarter                                                shutdown has doomed untold numbers           Th e Ca i x i n / M a r k i t m a n u f a c t u r i n g                                                   中国政府必须为经济提供更多帮助。乐观的
                                                 third and fourth quarters could return                                                                                                                                                            预测表明,第二季度经济可能会有所恢复,
       contrac tion, albeit that China’s                                                    of jobs and small businesses. Beijing city   Purchasing Managers' Index rose to 50.1
                                                 to the normal track of 6% or higher, but                                                                                                                                                          但这取决于中国和国外的情况。 中国政府
       economic growth is expected to                                                       has tried to boost lending and protect       last month from a record low of 40.3 in
                                                 this remains to be seen.                                                                                                                                                                          正在尽最大努力保持经济稳定,但是在未来
       bounce back in the second quarter. The                                               jobs, but it may have to do more to          February. A reading above 50 indicates
       period from April to June will be very                                               get its huge, damaged and incredibly         expansion, whereas a reading below 50
       hard and crucial for the government to    Supporting the economy                     complex economy back on track and            indicates contraction. Analysts estimate

       get the economy to where it used to       China is planning to provide more          returning to normal.                         that the virus will likely increase poverty
       be and achieve its goal of doubling the   support for its economy such as                                                         rates as a consequence of lost jobs.
       size of gross domestic product (GDP)      investing in regional development          China is still recovering from the last      Caixin activity in China's services industry
       between 2010 and 2020 – a target          and infrastructure projects while          surge in the coronavirus pandemic. In        accounts for roughly 60% of the gross                                                                    Visit us online:
       that analysts estimate would require a    maintaining a prudent monetary policy      addition to the increased spending,          domestic product (GDP).                                                                        

12   May 2020 I                                                                                                                                                                                                                                                      I May 2020   13
Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine
Feature Story                                                                                                                                                                                                                              Feature Story

                                                                                                                                                     Regarding my profession of teaching,
                                                                                                                                                     we hear that schools are slowly
                                                                                                                                                     returning to normal, but at a very slow
                                                                                                                                                     pace. In some provinces, high school
                                                                                                                                                     students began returning at staggered
                                                                                                                                                     intervals in early April. A colleague of

                                                                                                                                                     mine working in Changsha returned to
                                                                                                                                                     teaching at that time. His school was
                                                                                                                                                     among the first in that city to return to
                                                                                                                                                     work, and he believes that they were
                                                                                                                                                     the guinea pigs in that city, to test the
                                                                                                                                                     system. They returned to work on the

                                                                                                                                                     specified date having had a two-week
                                                                                                                                                     period of isolation prior to that time.
                                                                                                                                                     On their first day in the classroom, they
                                                                                                                                                     were instructed to remain at the front
                                                                                                                                                     of the room and not to walk among
                                                                                                                                                     the students. Everyone was wearing
                                                                                                                                                     facemasks, and everything was closely
                                                                                                                                                     monitored.                                  So, what changes have taken                          新冠病毒危机之后的恢复
                                                                                                                                                     After just one day, the teaching            place?
                                                                                                                                                     stopped, and the next day, every            There are still huge numbers of students not         地过去,但许多人仍然没有返回工作岗位或恢
                                                                                                                                                     foreign teacher was instructed to take      at school despite the information that schools       复工作。
                                                                                                                                                     a blood test, so it seemed the rules        are reopening. Also, lots of students are now
                                                                                                                                                     were changing by the day. It took           taking classes online. I know of lots of teachers    我工作所在的学校正在缓慢恢复正常,我的一
                                                                                                                                                     eight hours for the results of the blood    (Chinese and foreign) that have had this option      个长沙的同事,他工作的学校是那个城市最早
                                                                                                                                                     tests to be published, and the teachers     given to them so that students are still learning
                                                                                                                                                     had to remain at the testing centre         and hopefully not missing out on too much of         前面,不在学生中间走动,每个人都戴着口罩,
                                                                                                                                                     until they received the results. They all   their education during this time of uncertainty.     一切都受到严密监控。
                                                                                                                                                     passed, and were cleared to continue        I now teach online, and I am very grateful that
                                                                                                                                                     teaching the next day. This week, the       this opportunity opened up, as several months        我还没有收到雇主通知我何时重返工作岗位。
                                                                                                                                                                                                 of sitting at home and not working would             听说几个培训中心实际上要到 9 月才重新开放。
                                                                                                                                                     same teacher informed me that they
                                                                                                                                                     had to go for their annual medical          be very difficult for me, both financially and
                                                                                                                                                     inspection to determine whether             mentally.
                                                                                                                                                     they would be given a work visa. On         Apart from teaching, I see evidence that             尽管有学校重新开放的消息,仍有大量学生不
                                                                                                                                                     the way to the testing centre, they                                                              在学校。现在有很多学生在线上课。我知道很
                                            By Jordan Snyder                                                                                                                                     businesses are adapting to the changes               多老师都选择了这种方法。
                                                                                                                                                     were stopped a number of times to           pressed on them. For many, this means less
       In recent weeks, the lockdown        Take the city where I live, a small city of         after returning to work, my wife was informed        ascertain where they were going and         staff, and for others, where possible, working
                                                                                                                                                                                                                                                      作人员,在家办公等。 另一个区别是我们的购
      that has affected most of China       around one million people in Jiangxi                that her position was now part-time. When            why. The situation is far from normal.      from home.                                           物方式。在中国互联网购物一直是一种流行的
                                            province. Here, whenever I go by bus into the       my wife and I talked this over, our first reaction                                                                                                    选择,我看到越来越多的人正在适应这种趋势,
     at some time or another during         city centre, the bus is not as full as it used to   was that she should look for another job, but
                                                                                                                                                     Here in Jiangxi, I have not been            Another difference is in the way we shop.            这些业务一定会蓬勃发展。 而涉足旅游业的企
                                                                                                                                                     informed by my employer when I
        the first part of 2020 is slowly    be, which can be a good thing, as you always        on investigating this we soon discovered             will return to work. However, I work
                                                                                                                                                                                                 Internet shopping in China has long been a           业都尚未复苏。 这些市场可能会在未来一段时
                                                                                                                                                                                                 popular option, and I see that more people are
         passing, and we hear that life     get a seat, either on the way in or on the way      there were not very many jobs around, so my          in a training centre and I did hear just    adapting their shopping habits to include this
                                            out of the city. While that is a positive aspect,   wife remained in her present job. She now            this morning that several training
     is now able to return to normal.       the negative is that far fewer people are to be     works only for the first 15 days of each month,      centres will not, in fact, be reopening
                                                                                                                                                                                                 trend and are spending less time physically
                                                                                                                                                                                                 shopping. All this is good news for the people
             However, the reality of that   seen out and about shopping; most shops             and at half the salary she previously received.      until September. The schools that           employed in delivering goods bought online,
         scenario is far from the truth     are now open, but customers appear to be
                                                                                                I have also noticed that several businesses
                                                                                                                                                     have reopened and those that will           from couriers to the people you see every day
                                            somewhat scarce compared to how things                                                                   shortly be reopening are expected
         as many people have still not      were a few months ago.
                                                                                                in this city have not reopened their doors           to continue through July and take
                                                                                                                                                                                                 delivering take-away food. Those businesses
                                                                                                                                                                                                 are sure to thrive, and this may be seen as a
           returned to work, or at least                                                        since the lockdown here was lifted. This could       around three weeks for the summer           positive outcome of this crisis.
                                            W h e n my w i fe re t u r n e d to wo r k i n      be for a number of reasons such as a lack            holiday this year. These dates are set by
       they have not returned to work       mid-March, her situation changed daily.             of available supplies, not being able to get         the education bureau in each province       An industry that has yet to recover is the tourist
      the way things were before the        Although her boss had at first said it would        products to customers, or simply the fact that       and there are staggered dates for           and travel sector. Those markets could remain
                                                                                                                                                     when school holidays will commence          static for some time to come, and as yet there
          first signs of the coronavirus    be April before the business reopened, things       since they were not productive during the
                                                                                                                                                     due to examinations, particularly in        is no way of knowing when things will improve
                                            obviously changed, and she received a phone         lockdown, they could not pay their bills and
                               emerged.     call to start work that week. Then, two days        have gone bankrupt.                                  high schools.                               for them.
                                                                                                                                                                                                                                                      Visit us online:

14   May 2020 I                                                                                                                                                                                                                                                            I May 2020   15
Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine
       Inspiration                                                                                              Inspirational

                                             Miserable childhood                               The beginning of the change
                                             His childhood was a mess, as there was not        The new job opened up many travel
     By Nikita Jaeger
                                             enough money in the family for a healthy          opportunities, and required him to attend
                                             life and providing basic amenities. After         various exhibitions. One such trip was to
     Until you become a successful           leaving the US Army, his father started           Milan, Italy, to attend the International
     person, nobody will pay                 working as a truck driver on daily wages,         H o u s e w a re E x h i b i t i o n . I t w a s a n e w
     attention to your words. It is          and his income was not enough to cover            experience for him. He saw many small
     only relentless effor t with a          daily expenses. They literally lived in poverty   coffee shops almost all across Milan, where
     focus on the target that can            and sheltered in a low-income community           owners happily engaged with customers,
     bring you success. You must             colony.                                           creating excellent interpersonal rapport
     be clear about your objective                                                             while serving café lattes and cappuccinos.
     and continue knocking at                In 1961, when he was only seven years
     the door for success. This was          old, his father met with an accident at the       After returning from Milan, he presented
     exactly what happened to the            worksite. They didn’t have the money for          a new business model to the promoters
     billionaire entrepreneur who            the treatment, nor the medical insurance          of Starbucks, and the pilot project was
     was born without a silver spoon         to cover the medical expenses, nor even           encouraging and attracted a lot of business.
     in his mouth.                           workmen’s compensation. His father could          Apart from the traditional bean coffee, they
                                             not go to work, which means no work and           added traditional expresso, spiced coffee,
     Nowadays, this entrepreneur’s                                                             and leaf tea. The new outlet also offered
                                             no pay. At that time, his mom was seven
     net worth is $4.1 billion. It is hard                                                     enough space for people to meet and chat.
                                             months pregnant, so she, too, was unable to
     to believe that he was brought                                                            However, Starbucks' owners declined to
                                             take up a job.
     up in a poor wor k ing- class                                                             invest money in the project, saying that it
     family.                                 It was one of the most challenging                was not worth the investment. They had an
                                             situations in this man’s life. His father's       argument with him on the subject, and he
                                             precarious situation moulded his mindset,         left Starbucks.
                                             and during those days, he made himself a
                                             promise that he would not leave people
                                             behind, or treat them the way the employer        The journey starts
                                             had treated his father.                           The dejected Schultz decided that he would
                                                                                               open a coffee shop that would follow the
                                             Door-to-door salesman                             new business model. The project’s initial
                                             This determined man paid his college              cost was about $400,000, and he started
                                             fees through an athletics scholarship, took       hunting for investors. He had approached
                                             part-time jobs, and on many occasions             242 investors, 217 of whom rejected the
                                             even donated blood to earn some money.            idea outright. Then, in an unbelievable
                                             After graduating from Northern Michigan           turn of events, the Starbucks owners came

                                             University, he started working for Xerox as a     forward to support the project. He was able
                                             door-to-door salesman.                            to arrange an investment of $100,000, who
                                             After three years with Xerox, work ing            was a doctor apart from the investment
                                             in sales and marketing, he moved to a             from Starbucks.
                                             Swedish company, Hamamaplast, dealing             By 1986, he was ready with the investment
                                             with home appliances and coffee machine           and opened a coffee shop which he called

      are to be
                                             sales. Starbucks was one of its regular           Il Giornale. He continued running the show
                                             customers. His association with Starbucks         for two years, reproducing the Italian coffee
                                             was excellent, and he got many orders from        culture with live Italian opera music. It was a
                                             the coffee brewery outlet.                        promising enterprise, and business started
                                             His regular business relationship with            to develop.
                                             Starbucks prompted him to meet the                Meanwhile, the Starbuck promoters were

                                             investors of the company, and he visited          busy with Peet's Coffee & Tea, and in
                                             Seattle to meet Gordon Bowker and Gerald          1987, they sold the stakes in Starbucks to
                                             Baldwin, the promoters. Starbucks was             Howard Schultz for $3.8 million. Schultz
                                             in the initial stage of its operation, with       re-christened Il Giornale as Starbucks and
                                             three outlets. After a year-long discussion,      started aggressive expansion all over the
                                             Starbucks hired him as the Director of Retail     USA. He did not engage in franchising, but
                                             Operations and Marketing.                         instead focused on opening direct outlets.

16   May 2020 I                                                                                                                        I May 2020         17
Beijing Daxing international airport And the Options to Travel 05/2020 - Business Tianjin Magazine
Inspirational                                                                                                                                                                                                                            Travel

     Starbucks goes public
     Starbucks went public on June 26, 1992, listing IPO on the New York
     Stock Market with a preface value of $14 per share, and within a day
                                                                                                                                    An Adventurer's Paradise
     it had appreciated to $33 per share.                                        德从一名不文到成为亿万富翁         的所有者投资了该项目。1987
                                                                                 的要诀。                  年星巴克的发起人以 380 万美
     Surprise move                                                                                     元的价格将星巴克的股份出让
     In 2000, Schultz resigned as the CEO of Starbucks and became the            悲惨的童年                 给霍华德,而霍华德将创业开            By Nikita Jaeger
                                                                                 他的童年家里很穷,他 7 岁时       始的咖啡店改名为星巴克,并
     Chief Global Strategist with a focus on international expansion.
     After eight years of hiatus, he returned as the CEO of Starbucks. Like
                                                                                 作,母亲又处于怀孕 7 个月的
                                                                                                       开始在全美积极扩张。               Canaima is one of the world heritage sites declared by UNESCO. It        How to reach Canaima
                                                                                                                                is a famous tourist spot spanning 3 million hectares, nestled in the     Canaima can be accessed only by air as there are no
     any other store, Starbucks had faced many ups and downs. After              状态,那段时光是他一生中最         星巴克上市
                                                                                                                                southeast of Venezuela.                                                  interconnected land routes. You can charter a plane or board
     resuming as the CEO, Schultz closed down many underperforming               具挑战的情形之一,但他学会         1992 年 6 月 26 日, 星 巴 克
     coffee shops, fired many executives, opened new shops, and hired            了永远不让他的员工遭受父亲         在纽约证券交易所挂牌上市,                                                                                     one of the flights from the Bolivar or Margarita Island airports. If
     new talents.                                                                经历过的遭遇。加入星巴克之         每股价值 14 美元,并在一天          The spectacular tabletop mountains, breath-taking lagoons,               you are looking to keep it simple, sign up for one of the several
                                                                                 前,他做过推销员,从事过兼         内飙升到每股 33 美元。            gushing waterfalls, and awe-inspiring flora, fauna, and wildlife offer   tour packages that take care of all the details from travel to
                                                                                 职甚至通过献血获得报酬。                                   incredible adventures, creating memories that last a lifetime. It is
     Temporary shut down and training                                                                  荣誉主席
                                                                                                                                                                                                         food, lodging, and fun activities for tourists. The cheapest way
                                                                                                                                home to one of the largest and most extensive national parks in          to reach this nature-blessed haven is by getting on a plane
     In 2008, Howard Schultz shut down all the outlets and retrained the         门到门推销                 霍华德·舒尔茨于 2018 年 6 月
                                                                                 从事销售工作,使他结识了星         从星巴克首席执行官辞职,现
                                                                                                                                the world. This hidden paradise is the gateway to the Angel Falls.       from Ciudad Bolivar. What's more thrilling is that these flights
     staff on how to make the perfect espresso. It was another successful
                                                                                 巴克的投资者。星巴克聘请他         任星巴克名誉董事长。如今,            Here you will find five species of endangered animals, indigenous        from Ciudad Bolivar include waterfall fly-bys that rouse your
     experiment, and the result was astounding. By 2010, the company
                                                                                 担任零售运营和市场营销总          星巴克已在 77 个国家 / 地区        villages, beaches lined with blue palm trees, and more.                  excitement for all the Canaima adventure thrills ahead!
     was able to triple its profit to $945 million, as against $315 million in
                                                                                 监。                    开展业务,员工人数超过 35
     previous years.                                                                                   万。                       Right now may not be the best time to visit this incredible part of
                                                                                                                                Venezuela, but you should keep it in mind when things become             Visa Requisites
     Chairman Emeritus                                                           当了解了米兰的小型咖啡店成                                                                                                           Visitors and tourists who want to enter Canaima need to
                                                                                                                                stable in that area.
     Howard D. Schultz resigned as CEO of Starbucks in June 2018, and is                                                                                                                                 hold a passport of the country from which they are hailing.
     currently the Chairman Emeritus of the company. Today, Starbucks            投资人介绍新的商业模式,并
                                                                                 开始了成功的试运营,但是仍                                                                                                           The passport needs to be valid for 6 months upon entry into
     has a presence in 77 countries; all operations are directly under the       然被星巴克的所有者拒绝了,                                                                                                           Canaima. You also need to obtain a Venezuelan visa or a tourist
     control of Starbucks with a staff strength of more than 350,000.            他离开了星巴克。                                                                                                                card to tour in and around Canaima. The fee for the visa is
     This US coffee giant lives in Seattle, Washington, with two sons,                                                                                                                                   around $30. The tourist cards are easily obtainable on planes if
     Jordan and Addison, and his wife, Sheri. Regarding Schultz, the                                                                                                                                     you choose to travel by air. However, these are available only
     adage is apt: Where there’s a will, there’s a way!                           Visit us online:                                                                                                       for those who are staying for less than 90 days.

18   May 2020 I                                                                                                                                                                                                                                              I May 2020         19
Travel                                                                                                                     all around. To reach this lagoon, you will have to take the
                                                                                                                             Curiara––the canoes made by the natives. The best time to
                                                                                                                             visit the Canaima Lagoon is between June and October.

                                                                                                                             La Gran Sabana
                                                                                                                             La Gran Sabana is a fascinating natural terrain with rocky
                                                                                                                             mountainous areas and extensive plains. It is locally referred
                                                                                                                             to as the Tepuis. Tourists can easily reach here by road. Some
                                                                                                                             of the fun things to do here include camping under the stars,
                                                                                                                             campfire parties, mountaineering, hiking, trekking, and bird
                                                                                                                             watching. It is a diverse landscape with an abundance of
                                                                                                                             wildlife, flora, fauna, plant species, endangered animals, and
                                                                                                                             impenetrable jungles.                                             La Gran Sabana

                                                                                                                             Fly by the Auyán-tepuy
                                                                                                                             The Auyán-tepuy is the most extensive mountain stretch in
                                                                                                                             the Guayana Highlands. Some aircraft fly by this mountain
                                                                                                                             stretch, enabling tourists to have unobstructed views as far as
                                                                                                                             the eye can see. If you are looking for a hike free from other
                                                                                                                             tourist groups, then the hike to Auyantepuy is the one for
                                                                                                                             you. The only way to reach the Auyán-tepuy is by foot from
                                                                                                                             the Kavac village.
                                                                                                               Angel Falls
              Mount Roraima                                                                                                  If you are looking for a nature retreat with family, friends
                               Places to visit in                            A challenging hike to the                       and loved ones, then Canaima is the ideal place for an
                                                                                                                             adventurous vacation. With its several cascading waterfalls,
                               Canaima                                       Sapo Waterfalls                                 lush green grasslands, mountainous terrains, jungles, wildlife,
                                                                             The El Sapo waterfall is isolated from the      rainforests, and more, Canaima offers the ultimate thrilling      Auyán-tepuy
                               Backpack to the Angel Falls                   rest of Canaima, which makes it a peaceful      adventures you’ve been seeking!
                               The Angel Falls is one of the highest         haven for family outings, adventurous
                                                                             water activities, and fun thrills in the lap
                               water falls on the planet. It offers
                                                                             of mother nature. To reach the El Sapo,
                               mesmerizing sights as it gushes down
                               into the Devil’s Canyon. You can visit this   you will have to hike along the winding         冒险家的天堂
                               site only on guided organized tours. From     “green trail” beginning at the beach at the
                                                                             Campamaento Canaima.                            卡纳依玛是联合国教科文组织宣布的世界遗产之一。它是一个著名
                               the mainland of Canaima, you can take                                                         的旅游胜地,坐落在委内瑞拉东南部,占地 300 万公顷。壮观的桌
                               a boat to the Angel Falls base camp and                                                       山山脉,令人叹为观止的泻湖,喷涌的瀑布,令人敬畏的动植物和
                               then proceed on foot. The best time of        Bond with the locals of the                     野生动物,为您提供令人难以置信的冒险经历。

               Kavac village   the year to visit these falls is during the   Kavac village                                   如何到达卡纳依玛
                               spring and summer months. It is best to       The Kavac village, nestled in the valley of     卡奈玛只能通过飞机进入,最便宜的方法是乘坐从玻利瓦尔城到卡
                               avoid going there during the monsoon          Karamata, is unlike any other, and nature       奈玛的飞机。
                               season due to the gushing force of the        has blessed it with an abundance of
                               water.                                        natural resources. This village is home to      签证要求
                                                                             the Penom Indians, and you can bond
                               Hike to the peak of Mount                     with the locals and hire them as guides as      卡纳依玛景点                                                            Angel Falls
                               Roraima                                       you river raft on the Kavac waters. You can     天使瀑布
                                                                             reach Kavac by air.                             天使瀑布是地球上最高的瀑布之一。从大陆出发,您可以乘船前往
                               The Roraima is a mountain in the                                                              安吉尔瀑布,到达大本营,然后步行。一年中最好的游览这些瀑布
                               Pakaraima chain and Canaima is one                                                            的时间是在春季和夏季。
                               of the tallest of the chain. It is located    Take in the sights of the
                               near the Brazilian border and provides        Canaima Lagoon                                  罗赖马山山顶远足
                                                                                                                             桌山是卡奈玛最高的山脉之一。它位于巴西边境附近,从海拔 2810
             Canaima Lagoon    panoramic views from 2,810 metres             The four waterfalls, Ucaima, Vadaima,           米处可以欣赏到全景。从大本营到山顶大约需要 5 到 6 天的徒步旅行。
                               above sea level. It takes about five to six   Golondrina, and Hacha, are the highlights
                               days of trekking to reach the top from the    of Canaima Lagoon. The golden sandy             与卡瓦茨村的当地人交流
                               base camp. The cheapest and fastest way       shores are a retreat for those seeking          卡瓦茨村与众不同,坐落在山谷中。大自然赐予了它丰富的自然资源,
                               to reach Mount Roraima is through Boa         relaxation and bliss away from the hustle
                               Vista. There are also bus services from the   and bustle of life. You can hire a canoe or
                               town nearest to the Brazilian border.         raft by to take in the picturesque scenes

                                                                                                                               Visit us online:
May 2020 I                                                                                                                                                                                                        I April 2020   21
Investment                                                                                                                                                                                                                                   Investment
                                                                                                                                                 China is launching
                                                                                                                                                 clinical trials for a
                                                                                                                                                 coronavirus vaccine
                                                                                                                                                 The Chinese government is doing
                                                                                                                                                 all that it can to ensure that the
                                                                                                                                                 coronavirus situation can be put
                                                                                                                                                 behind us quick ly. The Chinese
                                                                                                                                                 Ministry of Education has called on
                                                                                                                                                 scientific research institutions, related

                                                                                                                                                 enterprises, and universities to speed
                                                                                                                                                 up research on the COVID-19 vaccine.
                                                                                                                                                 The emphasis is on quality rather than       and proven safe and capable of eliciting   especially in times of difficult economic
                                                                                                                                                 coming up with an ineffective solution       immunity against the virus, CanSino        conditions as is the case now.
                                                                                                                                                 quickly. A quick, improperly tested          said in its statement.                     As for the coronavirus, countries will

     CanSino Biologics
                                                                                                                                                 solution may even produce adverse or
                                                                                                                                                                                              Preclinical animal studies of Ad5-nCoV     have to maintain their efforts to prevent
                                                                                                                                                 harmful effects.
                                                                                                                                                                                              show that the potential vaccine can        high infection rates until a vaccine or an
                                                                                                                                                 Researchers at China’s Academy               influence strong immune responses          antidote can be found.
                                                                                                                                                 of Military Medical Sciences have            in animal models, and the preclinical
                                                                                                                                                 reportedly received approval to launch       animal safety studies demonstrated a
                                                                                                                                                 early-stage clinical trials of a potential   good safety profile.
                                                                                                                                                 coronavirus vaccine.
                                                                                                                                                                                              Moreover, CanSino has also started
                                                                                                                                                 According to the Chinese clinical            human testing of its recombinant

        Working On A Vaccine Against The Coronavirus
                                                                                                                                                 trial registration database, "A Phase        coronavirus vaccine. The collaborators
                                                                                                                                                 I test evaluating the safety of the          have been trying to develop the
       If one looks at the life science industry, it   human use, in addition to DTcP-based           of Ad5-nCoV and the pre-screening
                                                                                                                                                 experimental shot in humans intends
       becomes clear that biotech companies            combo, among others.                           of healthy volunteers. There are                                                        vaccine since January. They’ve been
       are receiving considerable attention                                                           two indicators based on which the          to recruit 108 healthy people between        working day and night to find a cure for      加紧开展新冠病毒疫苗研发
                                                       Among a long list of biopharma                                                            16 March and 31 December."
       and funding from investors. CanSino is                                                         company will assess the vaccine. First,                                                 the deadly coronavirus. The company
                                                       companies trying to develop a vaccine                                                                                                  is determined to launch more than
       among the top biotech companies in                                                             the company will determine whether         The Phase I study will enrol 45 healthy                                                    于开发和商业化针对人类使用的疫苗产品。康
                                                       against the novel coronavirus, CanSino         there are adverse reactions after seven                                                 one million doses by the end of the
       China. Its full name is CanSino Biologics                                                                                                 adults to evaluate the safety and                                                          希诺成立于 2009 年 1 月,目前拥有 300 多
                                                       Biologics, and Massachusetts-based             days of the injection. Second, it will                                                  year with existing capacity, with no          名员工。于香港证券交易所上市交易。迄今为
       Inc. and it is an emerging biotechnology                                                                                                  immunogenicity of 25μg, 100μg,
                                                       Moderna Therapeutics are so far the            determine whether adverse reactions                                                     compromises in regard to safety or            止,在尝试开发抗新冠病毒的众多生物制药公
       company, headquartered in China. It                                                                                                       250μg dose levels of mRNA-1273
                                                       front-runners.                                 are observed 28 days after injection or                                                 quality. All the focus is on reaching         司中,康希诺生物和总部位于马萨诸塞州的
       manufactures and develops biological                                                                                                      administered on a two-dose                                                                 Moderna Therapeutics 处于领先地位。
                                                                                                      severe adverse reactions six months                                                     both good treatment and prevention
       vaccine products, and is dedicated to           China approves                                                                            vaccination schedule.
       the research and commercialization of                                                          after the injection.                                                                    measures to defeat the virus.                 中国批准新冠病毒疫苗进入临床试验
                                                       COVID-19 vaccine to                                                                                                                                                                    抗击新冠病毒方面,中国已批准了由国内研
       vaccine products for human use. The
                                                       enter clinical trials                          “We have completed the necessary           Chinese vaccine                              Conclusion                                    究人员开发的名为 Ad5-nCoV 的候选疫苗的
       company seeks to address people’s
       medical needs by marketing and                  In the effort to fight the coronavirus
                                                                                                      preclinical steps for vaccine R&D. The     approved for human                           All eyes are currently on pharmaceutical      首次临床试验。该疫苗是由天津的康希诺生物
                                                                                                      GMP clinical batches have passed                                                                                                      股份公司和军事医学科学院生物技术研究所开
       developing leading-edge, high quality           outbreak, China has approved the first
                                                                                                      quality testing and are ready for the
                                                                                                                                                 testing                                      companies as people want to hear
                                                                                                                                                                                                                                            发的。该公司于 3 月 17 日表示,已经开始为
                                                       clinical trial of a vaccine candidate                                                     CanSino Biologics I nc. received             good news. CanSino is at the forefront
       vaccines at affordable prices. Currently,                                                      phase I clinical trial,” the company                                                                                                  Ad5-nCoV 的临床试验和健康志愿者的预筛选
                                                                                                                                                 Chinese regulatory approval to start         of the fight, and its stock has gained        做准备。疫苗的临床前动物研究显示出良好的
       it serves customers both in China and           known as Ad5-nCoV, developed by                reported.
                                                                                                                                                 human trials of a vaccine against the        momentum recently, signalling interest        安全性。
       other worldwide markets.                        domestic researchers. It is intended
                                                                                                      The existing technology platform           infamous coronavirus. The vaccine was        and hope from investors. Despite
                                                       to be used to prevent the disease                                                                                                                                                    总之
       CanSino was founded in January                                                                 can enable faster development of a         co-developed by China’s Academy of           every effort, however, vaccine testing
                                                       caused by the coronavirus infection.                                                                                                                                                  疫苗开发通常需要一年时间才能最终成功研
       2009 and currently has over 300                                                                vaccine, although there are issues to      Military Medical Sciences, the Hong          procedures usually take at least one
                                                       Th e v a c c i n e w a s d e ve l o p e d by                                                                                                                                         制,现在期望疫苗还为时过早。想要投资医疗
       employees. It is publicly traded on                                                            be addressed before administering the      Kong-listed company, and will go             year to culminate in a successful             保健行业的投资者可能会从康希诺的投资中受
                                                       Tianjin-based Cansino Biologics Inc.
       the Hong Kong stock exchange, and                                                              vaccine to humans. Usually, models         through clinical trials in Wuhan, China.     vaccine, and it may be too early to           益。至于新冠病毒,各国仍必须继续努力以降
                                                       and the Institute of Biotechnology                                                                                                     expect a vaccine now. CanSino’s               低感染率,直到找到疫苗为止。
       its stock price has been growing. It                                                           tested on animals should be available
                                                       of the Academy of Military Medical                                                        CanSino’s trial includes injecting the       financials are sound, and the support
       was founded by Dongxu Qiu, Helen                                                               before moving any potential vaccines
                                                       Sciences. The clinical trial will enrol 108                                               experimental vaccine into 108 healthy        of the government will ensure that it
       Mao, and Tao Zhu. Xuefeng Yu is now                                                            into human trials in order to produce
                                                       subjects in Wuhan, the epicentre of the                                                   adults between 18 to 60 years of age in      remains solid in the near and medium
       the CEO, executive director, and the                                                           a vaccine that will eventually work
                                                       pandemic that has spread all over the                                                     three different doses, according to data     future.
       co-founder of the company. CanSino                                                             without risk. A flu viral vector-based
                                                       world, taking the lives of thousands                                                      from the Chinese Clinical Trial Registry.
       discovers quadrivalence meningococcal                                                          vaccine is now undergoing animal                                                        Investors who want exposure to the
                                                       and infecting over 2 million people.                                                      The tests will start this month (March)
       conjugate, pneumococcal                                                                        testing to be evaluated for its efficacy                                                healthcare sector might benefit from         Visit us online:
                                                                                                                                                 and continue until the end of 2020. The
       polysaccharide, and adenovirus                  On March 17, CanSino said it has               and safety. It is scheduled for clinical                                                having CanSino in their portfolio, 
                                                                                                                                                 vaccine has been tested on animals
       vector-based tuberculosis vaccines for          started to prepare for clinical trials         trial by the end of April.

22   May 2020 I                                                                                                                                                                                                                                                       I May 2020      23
Focus                                                                                                                                                                                               Focus

                                                                                                                                                        Travel from Daxing Airport                  passengers to and from Beijing West
                                                                                                                                                        to Beijing by Taxi                          Railway Station, while line 3 operates
                                                                                                                                                                                                    between the airport and Beijing
                                                                                                                                                        Airport taxis are available 24 hours
                                                                                                                                                                                                    South Railway Station. The line 4 bus
                                                                                                                                                        a day, seven days a week, and can
                                                                                                                                                                                                    service may be used by passengers
                                                                                                                                                        deliver you into central Beijing in
                                                                                                                                                                                                    going to and from Tongzhou, while
                                                                                                                                                        around 80–90 minutes. This gives you
                                                                                                                                                                                                    line 5 caters to passengers wishing
                                                                                                                                                        the freedom to transfer directly from

                                                                                                                                                                                                    to travel to and from Fangshan. The
                                                                                                                                                        the airport to your home or business
                                                                                                                                                                                                    night bus service of line 6 operates
                                                                                                                                                        in comfort. The cost of CNY220
                                                                                                                                                                                                    to and from Xuanwu Gate. The buses
                                                                                                                                                        usually includes any tolls. However,
                                                                                                                                                                                                    begin operating from Beijing to the
                                                                                                                                                        at certain times of the day, the
                                                                                                                                                                                                    airport at 5 a.m. each morning and
                                                                                                                                                        notorious Beijing traffic may extend
                                                                                                                                                                                                    continue until 8.30 p.m., and each
                                 By John Smith                                                                                                          your travel time, and this could mean
                                                                                                                                                                                                    line has buses running at intervals of

                                                                                                        Daxing Airport to                               an increase in the fare charged.
                                                                                                                                                                                                    approximately 30 minutes.
                                 When Beijing's new Daxing International Airport opened in late
                                 September 2019, it was hailed as an essential new airport for the
                                                                                                        Beijing                                         Travel from Daxing Airport
                                                                                                                                                                                                    Travel from Daxing Airport
                                 city of Beijing as well as the surrounding cities, including Tianjin   There are four different options of             to Beijing by Bus
                                 and Shijiazhuang. This new airport has the potential to become                                                                                                     to Beijing by Train
                                                                                                        transportation available for you to choose      There are currently six shuttle bus
                                 the world's busiest airport, with an expected annual capacity                                                                                                      The Beijing- Xiong'an Intercity
                                                                                                        from for travelling from Daxing Airport into    services operating from Daxing
                                 of 45 million passengers to be achieved by 2021, and estimated                                                                                                     Railway has been extended to
                                                                                                        Beijing city centre. These are:                 Airport into the city centre of Beijing.
                                 to top 100 million annually in the near future.                                                                                                                    include a link from Daxing Airport,

     International Airport
                                                                                                        • Taxi, costing approximately CNY220            Lines 1–4 operate from 7.30 a.m.
                                                                                                                                                                                                    and this is now open, enabling
                                                                                                              and taking around 80 minutes              through to 11 p.m., line 5 operates
                                 In this article we will look at the transportation options between                                                                                                 passengers to travel to Beijing West
                                                                                                        • Bus, costing CNY40 and taking around          from 7 a.m. until 11 p.m., and line
                                 Daxing airport and the cities of Beijing, Tianjin and Shijiazhuang.                                                                                                Railway Station in just 20 minutes,
     and the options to travel   The airport is located near Langfang district, on the border
                                                                                                              90 minutes to arrive in central Beijing   6 is a night service that begins at
                                                                                                                                                                                                    with tickets costing CNY30. Currently,
                                                                                                        • Train, costing CNY30 and taking               11.30 p.m. and continues until after
     to Beijing, Tianjin or      between Beijing and Hebei Province. It is 46 km from Tiananmen               around 20 minutes                         the arrival of the final flight that day.
                                                                                                                                                                                                    however, there are only 4 trains
     Shijiazhuang                Square, 130 km from Tianjin city centre, and almost 200 km from
                                 the city of Shijiazhuang.
                                                                                                        • Subway, costing CNY35 and taking              Line 1 operates to and from Beijing's
                                                                                                                                                                                                    per day in either direction. By 2022,
                                                                                                                                                                                                    this line will be further extended
                                                                                                              around 20 minutes                         main railway station. Line 2 takes

24   May 2020 I                                                                                                                                                                                                             I May 2020       25
You can also read
Next part ... Cancel