INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE

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INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
ECONOMY • FINANCE • MARKETING

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 06/2021

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INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
Contents
                                                                                                                                                                                                              Letter from the Editor

                                                                                        JUNE                                                                         Dear Readers,
                                                                                                                                                                     China’s economy is becoming more globally competitive as a result of the
                                                                                                                                                                     country’s success in managing the coronavirus pandemic, according to the yearly
                                                  COVER STORY                      08   BIZ BRIEFS                                                                   competitiveness ranking report published by the prestigious IMD business school.
                                                                                   12   COVER STORY                                                                  The Institute for Management Development (IMD) is an independent academic
                                              Increasingly globally
                                                                                                                                                                     based in Switzerland and Singapore, founded 75 years ago by business leaders for
                                              competitive                               Increasingly globally competitive
                                                                                                                                                                     business leaders.
                                              Europe dominates, China rises,       18   FOCUS
                                              and the US remains stable                                                                                              The IMD World Competitiveness Yearbook (WCY) is a comprehensive annual
                                                                                        Natural gas project set to help attain                                       report and worldwide reference point on the competitiveness of countries. The
                                              in 2021 World Competitiveness             carbon neutrality target                                                     Chinese economy came in at 16th in the 2021 IMD World Competitiveness
                                              Ranking                                                                                                                Rankings, up from 20th last year, the biggest jump among Asian economies.
                                              China’s economy is becoming
                                                                                   20   e-biz
                                                                                                                                                                     The World Competitiveness Ranking report was released on this month of June
                                              more globally competitive as a            5 Reasons You'll Need POS For
                                                                                                                                                                     2021, and the data reflects multiple factors. The annual rankings, which are
                                              result of the country’s success           Successful B2B Ecommerce
                                                                                                                                                                     based on hard data and surveys with executives, measure the prosperity and
                                              in managing the coronavirus          22   VISION                                                                       competitiveness of 64 nations on economic performance, government efficiency,
                                              pandemic, according to the yearly                                                                                      business efficiency and infrastructure.
                                                                                   26   FEATURE STORY
                                              competitiveness ranking report
                                                                                        Integration key to Asia's sustained                                          China published the second version of its draft Personal Information Protection
                                              published by the prestigious IMD                                                       Recent Past Editions
                                                                                        economic recovery                                                            Law (PIPL), and there are important modifications that were made to address
                                              business school.                                                                                                       the new challenges to personal information protection. You can find in our Legal
                                                                                   28   ECONOMY                                                                      Assistance column, the highlights of this 2nd draft.
                                              See Page 12                               Nation urged to strengthen pig breeding
                                                                                                                                                                     China’s economic growth has created the opportunity for citizens to grow wealthy
                                                                                        industry
                                                                                                                                                                     and cities to grow larger. Transit Oriented Design is bringing benefits that include
                         Transit Oriented Development                              30   IN DEPTH                                                                     vibrancy, health, safety and strength to those people and the places they live. You
 REAL ESTATE
                                                                                        China builds world's largest 5G network                                      can find more about the Transit Oriented Development in the article written by
China’s urbanization rate has passed fifty percent, and urban planners hope this                                                                                     our partner collaborator, Michael Hart.
creates an opportunity for China to build greener and more efficient cities. If    34   Inspirational
                                                                                        Confucius                                                                    Our feature story goes to the Asia integration as a key of regional’s sustained
the cities are indeed to deliver on this promise, one concept, Transit Oriented
                                                                                                                                                                     economic recovery. The COVID-19 pandemic will be the main factor directly
Development (TOD), will need to be part of the story. See Page 35                  35   REAL ESTATE                                                                  affecting the economic activities in Asia, but the value chain is converging to
                                                                                        Transit Oriented Development                                                 China, thanks to the advanced regional integration of trade in goods and services.

                                                                                   38   legal assistance                                                             We also recommend the article about world's largest 5G network build in China,
                                                                                        China Personal Information Protection                                        where 5G smartphones are expected to account for more than 80% of overall
                                                                                        Law - Second Draft                                                           smartphone shipments in China in the second half of 2021.

                                                                                   40   BUSINESS NEWS                                                                Also, don’t miss the interesting tech report about self driven drones. The
                                                                                                                                                                     upcoming generation will be a drone-using generation, and methods of delivery
                                                                                   44   TECH                                                                         and home security are going to change as autonomous or self-driven drones
                                                                                        Self Driven Drones                                                           overtake regular ones.
                                                                                   46   MARKETING                                                                    Visit our website www.businesstianjin.com and follow us on our official WeChat
                                                                                        7 Resolutions Every Marketer Should                                          account (ID: business_tianjin) for a complete list of articles and information.
                                                                                        Stick to in 2021
                                                                                                                                                                     Best Wishes,
HR         Positive Work Culture in Remote Workers                                 48   SCIENCE
So, the question is, what can you, as an HR manager, do to create a positive            New intravenous iron infusion soon to be
atmosphere for remote workers?                                                          available
See Page 50                                                                        50   HR
                                                                                                                                                                     Mary Smith
                                                                                        Positive Work Culture in Remote
                                                                                        Workers
                                                                                                                                                                     Managing Editor | Business Tianjin Magazine
                                                                                   52   CHAMBER REPORT                                                               ManagingEditor@BusinessTianjin.com
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                                                                                   62   NUMBERS                                          PUBLISHING DATE

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                                                                                                                                          ISSN 2076-3735                                                              www.BusinessTianjin.com
INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
Biz Briefs                                                                                                                                                                                                                              Biz Briefs

            TIANJIN NEWS                             You can get a "Golden Health                                                             crypto space. Transferred funds are
                                                                                                                                              sent to bank savings cards, of which six
                                                                                                                                                                                         Under the ban, such institutions,
                                                                                                                                                                                         including banks and online payments
                                                                                                                                                                                                                                     border controls, European Union
                                                                                                                                                                                                                                     Chamber of Commerce in China
                                                     Code" in Tianjin now
       Tianjin rolls out single-dose                                                                                                          are currently supported; the ICBC,         channels, must not offer clients any        officials said at a press conference
       vaccination                                                                                                                            Agricultural Bank, Bank of China, China    service involving cryptocurrency, such      re c e n t l y. A l t h o u g h Eu ro p e a n
                                                                                                                                              Construction Bank, Bank of                 as registration, trading, clearing and      companies in China can hire locals,
                                                                                                                                              Communications, Postal Savings Bank,       settlement, three industry bodies said      some of their new projects in high-end
                                                                                                                                              and Internet Commercial Bank.              in a joint statement recently. China has    m a n u f a c t u r i n g a n d
                                                                                                                                                                                         banned crypto exchanges and initial         biopharmaceuticals still require skilled
                                                                                                                                              China's Yuan Hits Strongest                coin offerings but has not barred           overseas professionals who are familiar
                                                                                                 headquarters in Beijing has                  Level in Nearly 3 Years                    individuals from holding                    with new technologies, said Jörg
                                                                                                 significance for supporting steady                                                      cryptocurrencies.                           Wuttke, the chamber’s president.
                                                     Tianjin has updated the Heath code          operation of the AIIB and promoting
                                                     system of “Jinxinban” App, “Jinxinban”      Tianjin's higher-level opening-up,                                                      China 'indefinitely' suspends               Fosun unit, BioNTech to
                                                     Alipay mini program and WeChat mini         officials said. The AIIB star ted                                                       economic dialogue with                      form joint venture to make
       China has started administering a
                                                     program which shows whether a               cooperation with Tianjin in December                                                    Australia                                   COVID-19 vaccine
       single-dose adenovirus vector vaccine
                                                     person is fully vaccinated. Those who       2019. The bank invested $500 million
       in at least seven cities, as the country
                                                     have completed their course of shots        in a liquefied natural gas project in
       speeds up its immunization drive
                                                     will have a small icon showing a shield     China to help support its efforts to
       following a resurgence of coronavirus
                                                     with "Tianjin Eye" logo in the upper left   transition to a lower-carbon energy
       cases. CanSino's vaccine requires
                                                     corner of the green code.                   future. Upon completion, the project         The Chinese currency advanced to its
       only one shot to provide protection.
                                                                                                 will cut coal consumption by about           strongest level against the US dollar
       The other three vaccines approved
                                                     Tianjin's record-breaking                   11.9 million tonnes annually and help        in three years as global investors look
       by China require two or three doses.
                                                     May Day holiday economy                     improve air quality by reducing coal         for safer assets amid China’s strong
       Residents in Beijing, Shanghai and
                                                                                                 combustion-related emissions in              economic rebound and the continuing        China suspended an economic                 A unit of Shanghai Fosun
       Tianjin, as well as East China's Zhejiang
                                                                                                 Beijing, Tianjin and Hebei province, an      depreciation of the dollar. The onshore    dialogue with Australia, stepping up a      Pharmaceutical Group Co. agreed to
       and Anhui provinces, and Central
                                                                                                 economic engine in north China.              yuan rose 0.2% on Tuesday to 6.4052        pressure campaign that began over           establish a joint venture with BioNTech
       China's Henan and Hunan provinces,
       are eligible for the vaccine. The                                                                                                      per dollar, strengthening by more          Australian support for a probe of the       SE for the local production and
       CanSino's vaccine is different from                                                                 FINANCE                            than 10% over the past year. However,
                                                                                                                                              analysts say that Chinese policymakers
                                                                                                                                                                                         coronavirus and has disrupted exports
                                                                                                                                                                                         to the countr y ’s biggest foreign
                                                                                                                                                                                                                                     commercialization of its COVID-19
                                                                                                                                                                                                                                     vaccine. Shanghai Fosun
       inactive vaccines in terms of technical
       principles and vaccination procedures,                                                    e-Yuan Payment is available                  might take measures to control the         market. Relations have plunged to a         Pharmaceutical Industry Development
       but the method of vaccination, age                                                        on Alipay                                    currency ’s appreciation trend as          multi- decade low since Beijing             will invest as much as $100 million in
       range and safety levels are all the                                                                                                    they are struggling to balance the         blocked imports of Australian coal,         the par tnership including cash,
       same.                                         Tianjin received more than 6.4 million                                                   country’s export demand with soaring       wheat and other goods over the past         according to a statement to Shanghai
                                                     tourist visits during the holiday, up                                                    commodity prices.                          year. Beijing will “indefinitely suspend    Stock Exchange. BioNTech will invest
       Tianjin to test digital                       15.1% from the same period in 2019,                                                                                                 all activities” under the China-Australia   up to $100 million through assets
       driver's licences                             said the Tianjin Municipal Bureau of                                                     China bans financial,                      Strategic Economic Dialogue, said a         including production technology and
                                                     Culture and Tourism. Tianjin's tourism                                                   payment institutions from                  statement by the Cabinet’s planning         a proprietary license. Under the deal,
                                                     revenue totalled 4.8 billion yuan during                                                                                            agency, the National Development            Fosun Pharmaceutical Industrial will
                                                                                                                                              cryptocurrency business
                                                     the holiday, up 30.5% from the same                                                                                                 and Reform Commission.                      provide a manufacturing facility that
                                                     period in 2019. The city also saw its                                                                                                                                           has the potential to produce as much
                                                     consumption markets soar during the                                                                                                 EU firms in China struggling                as 1 billion doses of the vaccine a year.
                                                     holiday, said the municipal                 The Alipay payments app has                                                             to hire staff from abroad
                                                     commission of commerce. Data from           launched a digital renminbi payment                                                                                                 U.S. will remove Xiaomi from
                                                     the commission shows that 191               solution, with some financial                                                                                                       blacklist
                                                     commercial enterprises in Tianjin raked     institutions also joining in. The solution
       China will pilot the use of digitalized       in a total of 1.26 billion yuan during      has ambitions to expand further in the
       driver's licences in the cities of Tianjin,   the holiday, up 19.8% from the same         months to come. Currently, only users        China has banned financial institutions
       Chengdu and Suzhou from June 1 this           period last year.                           on the Alipay whitelist can use the          and payment companies from
       year, the Ministry of Public Security                                                     service, which creates a wallet linked       providing ser vices related to
       announced. The number of licensed             AIIB officially opened in                   to the Internet Commercial Bank.             cryptocurrency transactions, and
       motor-vehicle drivers reached 463             Tianjin                                     These unique wallets can be registered       warned investors against speculative       European companies are having
       million in China as of the first quarter      The Asian Infrastructure Investment         anonymously as well, which may               crypto trading. It was China's latest      problems with hiring people from
       of this year, of which 425 million were       Bank officially opened an office in         surprise some, as banks are keen on          attempt to clamp down on what was          overseas for their China operations         Xiaomi Corp. and the U.S. government
       car drivers.                                  Tianjin. The move out of its                implementing KYC/AML rules in the            a burgeoning digital trading market.       due to the country’s strict COVID-19        have reached an agreement to set

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INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
Biz Briefs                                                                                                                                                                                                                                    Biz Briefs
        a s i d e a Tr u m p a d m i n i s t r a t i o n                                                                                              since 1953. China’s population growth       Zhurong was aboard the Tianwen-1           K angtai shot, where inactivated
        blacklisting that could have restricted                                                                                                       has been slowing for decades as a           spacecraft that launched from the          coronavirus that cannot replicate in
        American investment in the Chinese                                                                                                            combination of rising incomes and a         Wenchang Spacecraft Launch Site in         human cells is used to trigger an
        smar tphone maker. The Chinese                                                                                                                restrictive one-child policy reduced        China on July 23, 2020. It entered Mars'   immune response.
        smar tphone giant had sued the                                                                                                                births in the world’s most populous         orbit in February before finally landing
        government earlier this year, after the                                                                                                       nation. The possibility of a declining      recently.                                  21 Ultra-Marathon Runners
        U.S. Defence Depar tment under                                                                                                                population in coming years, the first                                                  Die In Extreme Weather
        former President Donald Trump issued
                                                                                                          China will ban the use of disposable
                                                                                                                                                      time since the early 1960s, would mark      Sinopharm vaccine approved
        an order designating the firm as a                   penalties for international flights found                                                a key milestone for the country and         for emergency use by W.H.O.
                                                             to carry passengers testing positive         plastic packaging bags, tableware and
        Communist Chinese Military Company,                                                                                                           have broad implications for economic
                                                             for the coronavirus. From May, airlines      straws on domestic flights starting next
        which would have led to a de-listing                                                                                                          growth prospects and government
                                                             found to carry five or fewer passengers      year, the Civil Aviation Administration
        from U.S. exchanges and deletion from                                                                                                         finances.
                                                             testing positive are able to choose          of China said on Wednesday. Airports
        global benchmark indexes. The U.S.
                                                             between two types of restrictions:           with an annual throughput of at least
        Defence Department has now agreed                                                                                                             China's 7th national census:
                                                             frequency-based, or load factor-based.       2 million passengers will also stop
        t h a t a f i n a l o rd e r v a c a t i n g t h e                                                                                            845,697 foreigners
                                                             For frequency-based penalties, the           providing such products next year, and
        designation “would be appropriate,”
                                                             airline will have to suspend operating       the ban will be extended to all airports
        according to a filing to the U.S. courts.                                                                                                                                                                                            Achieving global herd immunity
                                                             into China for two weeks. As for load        and international passenger flights in
                Law & Policy                                                                              2023, the administration said. The ban                                                                                             against COVID-19 through mass
                                                             factor restrictions, the airline will only                                                                                           The World Health Organization (WHO)        vaccination will take two to three years,
                                                             be allowed to operate at no higher           was part of a five-year plan released by
                                                                                                          the administration to control plastic                                                   has approved a COVID-19 vaccine            said China's top respiratory disease
        Travel restrictions between                          than 40% passenger load factor for a                                                                                                 from China’s state-owned drugmaker         specialist, Zhong Nanshan. One way
                                                             period of four weeks.                        pollution. By 2025, the consumption of
        Macau and Mainland eased                                                                          disposable non-degradable plastic in                                                    Sinopharm for emergency use, a             to achieve herd immunity is through
        for foreigners                                                                                    the civil aviation industry will decline                                                boost to Beijing’s push for a big role     natural infection (infection without
                                                             China bars foreign                                                                                                                   in inoculating the world. The vaccine,     interference), which means 70-80% of
                                                                                                          sharply from the 2020 level, according
                                                             curricula, ownership in some                 to the plan. Airlines in the country have   A total of 845,697 foreigners are living    one of two main Chinese coronavirus        people infected and 5% of people die
                                                             private schools                              already started the green transition,       on the Chinese mainland, the latest         vaccines that have been given to           globally, which would be "unrealistic,
                                                                                                          with some companies replacing               national census showed, compared            hundreds of millions of people in          unscientific and inhumane," he said.
                                                                                                          disposable plastic tableware with           with 593,832 a decade ago. Among            China and elsewhere, is the first          Mass vaccination is another way to
                                                                                                          recyclable ones and piloting on-board       them, 402,026 are male, said a report       developed by a non-Western country         achieve herd immunity and would
                                                                                                          garbage sorting.                            of the seventh national census, which       to win WHO backing. It is also the first   require global coordination over a
                                                                                                                                                      was published by the National Bureau        time the WHO has given emergency           period of two to three years, he said.

                                                                                                                   GENERAL                            of Statistics. The census covered a total
                                                                                                                                                      of 1.430695 million foreigners and
                                                                                                                                                                                                  use approval to a Chinese vaccine for
                                                                                                                                                                                                  any infectious disease.                    Delivery robots to come to
        Star ting from midnight of M ay
                                                                                                          China unveils census data,
                                                                                                                                                      people from Hong Kong, Macau and                                                       Beijing streets
        5, foreign non-residents who are                                                                                                              Taiwan who live in the mainland's 31        Another COVID vaccine for
                                                             China's State Council has announced          1.41 billion people                         provinces, autonomous regions and
        already in Macau was able to leave                                                                                                                                                        emergency use in China
        for Mainland and return to the Macao                 tough new curbs on school curricula                                                      municipalities, according to the NBS.
        SAR without having to complete                       and ownership of private schools. The
        a quarantine, health authorities                     new law, which comes into effect on                                                      China becomes second nation
        announced. “The people covered by                    Sept. 1, halts the teaching of foreign                                                   in history to land a rover on
        this new policy are those who are                    curricula in schools from kindergarten
                                                                                                                                                      Mars
        not residents of Macau, Hong Kong,                   to grade nine (K-9) and prohibits the
        Taiwan and the Mainland of China,                    ownership or control of any private
        that is, foreigners. Previously in order             K-9 schools by foreign entities. The                                                                                                                                            People in a Beijing will begin to see
        to enter Macau, people had to stay 21                K-9 schools will no longer be able                                                                                                                                              autonomous delivery mini-vans across
                                                             to organise entrance tests or recruit        The results of China’s once-a-decade
        days in China, the new dispatch says                                                                                                                                                      China has given emergency use              their neighborhood, moving
                                                             in advance. They also will be barred         population census were released on
        that in addition to Mainland China                                                                                                                                                        approval to a COVID-19 vaccine             cautiously alongside human delivery
                                                             from establishing private schools or         May 11th, 2021. There were 1.412
        people may also have been in Macau                                                                                                                                                        developed by Shenzhen Kangtai              riders belting down the streets. Beijing
                                                             converting themselves into private           billion people in China last year, the
        in the previous 21 days.                                                                                                                                                                  Biological Products, the company said      has greenlighted JD.com, Meituan and
                                                             schools.                                     National Bureau of Statistics said in its
                                                                                                                                                                                                  recently, adding a sixth shot to the       Neolix to trial self-driving delivery
                                                                                                          census report. In 2017, the government
        China adjusts suspension                                                                          forecast a population of 1.42 billion by    China became the second country in          country’s vaccination drive. China has     vehicles on designated public roads in
        measures for international                           China to ban disposable                                                                  the world to successfully land a rover      already administered 366.9 million         the Yizhuang Development Area, an
                                                                                                          2020, peaking at 1.45 billion in 2030.
        flights                                              non-degradable plastic use                                                               on Mars after its Zhurong craft             doses to people using five                 economic and technological growth
                                                                                                          The annual average growth of 0.53%
        The Civil Aviation Administration of                 on flights                                   in the past decade was the slowest          touched down on the red planet.             home-made products, three of which         pilot initiated by the municipal
        China (CAAC) has eased some of its                                                                                                            Named after the Chinese god of fire,        adopt a similar technology as the          government of the capital city.

10   June 2021 I                                                                                                                                                                                                                                                          I June 2021    11
INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
Cover Story                                      Cover Story

                     Increasingly
                       globally
                     competitive
                       Europe dominates, China rises,
                         and the US remains stable
                       2021 World Competitiveness Ranking
                     by IMD: Created by Business leaders for Business Leaders

                     China’s economy is becoming more globally
                     competitive as a result of the country’s success in
                     managing the coronavirus pandemic, according
                     to the yearly competitiveness ranking report
                     published by the prestigious IMD business school.

12   June 2021 I                                                     I June 2021   13
INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
Cover Story

                       Institute for Management                                    World Competitiveness Ranking
                       Development (IMD)                                           The IMD World Competitiveness Yearbook (WCY), first
                       The Institute for Management Development (IMD) is           published in 1989, is a comprehensive annual report and
                       an independent academic institution with Swiss roots        worldwide reference point on the competitiveness of
                       and global reach. Based in Lausanne (Switzerland) and       countries. It provides benchmarking and trends, as well
                       Singapore, it was founded 75 years ago by business          as statistics and survey data based on extensive research.
                       leaders for business leaders.                               It analyses and ranks countries according to how they
                                                                                   manage their competencies to achieve long-term value
                       IMD has been ranked in the Top 3 of the Executive
                                                                                   creation. An economy’s competitiveness cannot be
                       Education Global Ranking for the last nine consecutive      reduced only to GDP and productivity because enterprises
                       years and in the top five for 17 consecutive years. Their   also have to cope with political, social and cultural
                       MBA and EMBA programs have repeatedly been singled          dimensions. Governments therefore need to provide an
                       out among the best in Europe and the world. Since its       environment characterized by efficient infrastructures,
                       creation, IMD has been a pioneering force in developing     institutions and policies that encourage sustainable value
                       leaders who transform organizations and contribute to       creation by the enterprises.
                       society.
                                                                                   The IMD World Competitiveness Rankings emphasize a
                       They believe that this consistency at the forefront of      long-term trend highlighted in past editions, namely that
                       their industry is grounded in IMD’s unique approach         the countries on the top of the list each have a unique
                       to creating “Real Learning. Real Impact”. Led by an         approach to becoming competitive.
                       expert and diverse faculty, they strive to be the trusted
                                                                                   The Yearbook provides extensive coverage of 64
                       learning partner of choice for ambitious individuals and    economies which are chosen based on the availability of
                       organizations worldwide.                                    comparable international statistics and collaboration with
                       Their motto is Challenging what is and inspiring what       local partner institutes, which contribute to the collection
                       could be.                                                   of survey data and ensure that all data are reliable,
                                                                                   accurate and as up-to-date as possible.

14   June 2021 I                                                                                                                                  I June 2021   15
INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
Cover Story
                                                                                                       愈发重要的全球性竞争
                                                                                                        “欧洲占据上流,中国不断攀升,美国维持现状”
                                                                                                       IMD 发布的 2021 年世界竞争力排名——IMD,一个由商界大鳄创办的管理发展机构

                      , China                                                                          著名业内机构 IMD 发布了一份 2021 年        国家和地区资源以及来自商界、政府机          包括中国在内的亚洲经济体在应对 新
                                                                                                       度竞争力排名报告。由于中国成功地应              构和学术界的反馈进行综合研究的结           冠疫情方面都取得了巨大成功,而这
                                                                                                       对了新冠疫情,中国的经济在全球竞争              果。随着新理论、研究和数据的出现以          有助于稳定其商业环境。IMD 将美国
                                                                                                       中变得越来越强大。                      及全球经济的发展,这些标准会定期修          排在第 10 位,与去年持平,而中国台
                                                                                                                                      订和更新。                      湾自 33 年前开始排名以来首次进入前
                     , China                                                                           管理发展机构(IMD)
                                                                                                                                                                 10 位,从去年的第 11 位上升到今年的
                                                                                                                                      中国经济在 2021 年 IMD 世界竞争力
                                                                                                       管理发展研究所 (IMD) 是一个具有瑞士                                     第 8 位。
                                                                                                                                      排名中名列第 16 位,高于去年的第 20
                                The World Competitiveness Ranking is based on                          背景的独立的学术机构,其影响力遍布
                                                                                                                                      位,是亚洲经济体中增幅最大的。世界          新加坡的经济仍然是亚洲表现最好的经
                                334 competitiveness criteria selected as a result of                   全球。总部位于洛桑(瑞士)和新加坡,
                                                                                                                                      竞争力排名报告于 2021 年 6 月 17 日   济体,尽管它今年将全球第一的位置输
                                comprehensive research using economic literature,                      75 年前由众商界大鳄创立。
                                                                                                                                      发布,数据反映多方面因素。年度排名          给了瑞士,跌至第五位。
                                international, national and regional sources and                       IMD 连续 9 年位居高管教育全球排名           基于硬数据和高管调查,衡量 64 个国
                                                                                                                                                                 报告称,虽然中国的竞争力日益增强,
                                feedback from the business community, government                       前 3 位,连续 17 年位居前 5 位。他们        家在经济表现、政府效率、商业效率和
                                                                                                                                                                 但其基础设施、环境、教育和卫生系统
                                agencies and academics. The criteria are revised and                   的 MBA 和 EMBA 课 程 多 次 被 选 为 欧   基础设施方面的繁荣和竞争力。
                                                                                                                                                                 仍有改善的空间。如果中国考虑消除贫
                                updated on a regular basis as new theory, research                     洲和世界最佳课程。自成立以来,IMD
                                                                                                                                      2021 年第一季度中国经济同比增长         困,这将会是国家的一大胜利,因此,
                                and data become available and as the global economy                    一直致力于培养那些能够变革组织的先
                                                                                                                                      18.3%,这是自 1993 年以来最高的季     在这些方面继续推进肯定会提高中国的
                                evolves.                                                               驱,以及为社会做出贡献的领导者。
                                                                                                                                      度同比增长,因为该国成功地对抗了新          竞争力。
                                                                                                       它们认为,能够在这几年里获得持续性              冠疫情。
                                The Chinese economy came in at 16th in the 2021
                                                                                                       成功的原因,就是将相应的措施以及各
                                IMD World Competitiveness Rankings, up from 20th                       产业最前沿的形势扎根于 IMD 独特的
                                last year, the biggest jump among Asian economies.                     方法论:“切实的知识能够带来实际的
                                The World Competitiveness Ranking report was                           转变”。IMD 受行业内专家的带领,并
                                released on 17 June 2021, and the data reflects                        且拥有着一个多元化的领导群体,这使
                                multiple factors. The annual rankings, which are based                 它们成为了那些热烈提升自己的人们,
                                on hard data and surveys with executives, measure                      以及全球各个组织的首选学习对象。
                                the prosperity and competitiveness of 64 nations                       它们的格言是:敢于改变现状,催化潜
                                on economic performance, government efficiency,                        在可能。
                                business efficiency and infrastructure.
                                                                                                       全球竞争力排名
                                China’s economy grew by 18.3% in the first quarter
                                                                                                       IMD 世界竞争力年鉴 (WCY) 于 1989
                                of 2021 compared with a year earlier, the highest
                                                                                                       年首次出版,是一份全面的年度报告,
                                quarterly year-on-year growth since 1993, as the
                                                                                                       也是有关各国竞争力的重要参考资料。
                                country rebounded from the worst of the pandemic                       它提供了一个基准和日后发展的趋势,
                                early last year.                                                       包括基于广泛研究的统计和调查数据。
                                Asian economies, including China, were among those                     它根据各个国家或地区能否实现长期价
                                                                                                       值的管理能力来对国家 / 地区进行分析
                                that had strong success in tackling the COVID-19
                                                                                                       和排名。 一个经济体的竞争力不能仅
                                public health crisis, which helped to steady their
                                                                                                       仅归结为 GDP 和生产力,因为企业还
                                business environments.                                                 必须应对政治、社会和文化方面的问题。
                                IMD ranked the US economy at 10, unchanged from                        因此,政府需要提供一个有着完善基建、
                                last year, while Taiwan, China’s economy reached the                   制度和政策的环境,以鼓励企业创造可
                                top 10 the first time since the rankings began 33 years                持续的价值。
                                ago, moving from 11th last year to eighth this year.                   在以往的报告中,IMD 世界竞争力排名
                                                                                                       聚焦于那些长期的,能够作为社会发展
                                Singapore’s economy is still the top performer in                      趋势的政策,也就是说,在名单名列前
                                Asia, although it lost its global number one spot to                   茅的那些国家,都有着自己独特的方法,
                                Switzerland this year, sliding to fifth.                               能够提升自己的竞争力。
                                                                                                                                                                                              , Ch
                                While China is becoming increasingly competitive,                      年鉴广泛覆盖了 64 个经济体,这些经                                                                           ina

                                t h e re i s ro o m to i m p ro ve i t s i n f r a s t r u c t u re,   济体是根据可比国际统计数据的可用性
                                environment, education and health system, the report                   以及与当地合作机构的合作而选择的,
                                said. If we think about the eradication of poverty,                    而这有助于收集调查数据并确保所有数
                                this is a major win for the country, so continuing                     据都是尽可能地可靠、准确和最新的。
                                to advance in these will definitely improve China’s                    世界竞争力排名基于 334 项竞争力标
                                competitiveness.                                                       准,这些标准是使用经济文献、国际、

                                                                                                                                      Visit us online:
16   June 2021 I                                                                                                                      btianjin.cn/20210601                        June 2021
                                                                                                                                                                                I April         17
INCREASINGLY GLOBALLY COMPETITIVE - BUSINESS TIANJIN MAGAZINE
Focus                                                                                  China's Natural Gas Pipeline Network
                                                                                                                                                                                                           Focus

                                                                                             China's natural gas demand in 2020          2014, making China the first country to          of 3 billion cubic metres, which can
                                                                                             was 324 billion cubic metres, of which      achieve commercial shale gas output              meet the annual needs of 16 million
                                                                                             189 billion cubic metres, or 58 percent,    outside North America. Its annual                households.
                                                                                             was from domestic supply. The new           production capacity reached 10 billion
                                                                                                                                                                                          Data shows that the Sichuan Basin
                                                                                             project underway in southwestern            cubic metres in 2017 as planned, and
                                                                                                                                                                                          produced about 56.5 billion cubic
                                                                                             China is expected to reach a level of       the field's proven total reserves now
                                                                                                                                                                                          metres of natural gas in 2020, an
                                                                                             output that could have met one-third        exceed 792.6 billion cubic metres, the

      Natural
                                                                                                                                                                                          increase of 6 billion cubic metres from
                   Natural gas producers in the Sichuan Basin,                               of China's total demand last year.          company said.
                                                                                                                                                                                          2019 and accounting for 52 percent
                   China's largest natural gas base, are stepping                            Yang Shixing, chief engineer at the         Pe t ro C h i n a S o u t hw e s t O i l a n d   of the national increase in natural gas.
                                                                                             Chongqing Energy Bureau, was quoted         Gasfield Co, a subsidiary of CNPC,               The two areas are striving to achieve
                   up their production capacities to deal with the

  gas project
                                                                                             as saying that the two regions will focus   has also announced recent major                  total gas production of 100 billion cubic
                   cold wave sweeping across the country.                                    on regular natural gas fields as well       breakthroughs in natural gas fields in           metres by 2035.
                                                                                             as shale gas fields in the Fuling and       Sichuan, which are likely to become

   set to help
                   In southwest China's Sichuan Province and Chongqing Municipality,         Nanchuan areas.                             commercially operational this year.              天然气项目将助力实现
                   located in the Sichuan Basin, urban gas consumption has risen from 50
                   million cubic metres per day to 70 million cubic metres per day, a 40
                                                                                             China's decarbonization drive is also       China's gas consumption is expected to           碳中和目标
                                                                                             prompting the strategic repositioning       grow 7.6 percent in 2021, with industrial        中国最大的天然气基地四川盆地的天
                   percent increase from the peak of the same period last year.

attain carbon
                                                                                             of domestic companies, such as the          gas demand back in full swing.                   然气生产商正在加大产能,提高产量,
                   The natural gas project under construction in southwestern China is       nation's oil giants China Petrochemical                                                      以应对席卷全国的寒潮。在四川省的
                                                                                                                                         The Weirong shale gas field in Sichuan
                   expected to further facilitate the government's efforts to achieve peak   Corp and China National Petroleum                                                            重庆市,城市燃气消费量从 5000 万立
                                                                                                                                         completed the construction of the first
                   carbon dioxide emissions by 2030 and reach carbon neutrality by 2060.     Corp.                                                                                        方米 / 日增加到 7000 万立方米 / 日,
                                                                                                                                         phase of its annual production capacity

   neutrality
                                                                                                                                                                                          较去年同期高峰增长 40%。日益增长
                   The project will contribute substantially to the country's carbon         China Petrochemical Corp, or Sinopec,       expansion, expanding 1 billion cubic
                                                                                                                                                                                          的天然气体量,为环境出了一份力,
                   neutrality goal, helping China achieve its target in terms of             announced that its Fuling shale gas         metres.                                          将帮助人们实现碳中和的目标。
                   decarbonizing the industry and power sectors by switching from coal       field produced more than 1.78 billion
                                                                                                                                         The gas field currently produces 3.5

        target
                   to gas in the coming years.                                               cubic metres of shale gas during the
                                                                                                                                         million cubic metres of gas per day,
                                                                                             first quarter of 2021, up almost 20
                   With a total investment of 710 billion yuan, Sichuan province and                                                     which can meet the daily needs of
                                                                                             percent year-on-year.
                   Chongqing, are stepping up efforts to build the natural gas project,                                                  about 7 million households at most.
                                                                                                                                                                                            Visit us online:
                   which will have a production capacity of 100 billion cubic metres by      The Fuling shale gas field in Chongqing     When fully completed in 2022, it is
                                                                                                                                                                                            btianjin.cn/20210602
                   2035, to ensure sufficient supplies of the clean fuel in China.           became commercially operational in          expected to have an annual output

18   June 2021 I                                                                                                                                                                                                       I June 2021    19
E-BIZ                                                                                                                                                                                                                               E-BIZ
                                                                                                                                    purchase with the fastest checkout
                                                                                                                                    time. If you wish to customize some
                                                                                                                                    inventories, it is also easy to do, as
                                                                                                                                    many POSs offer simple click options
                                                                                                                                    to add or customize any entry.

                                                                                                                                    3. Maintains real-time
                                                                                                                                    record and analytics
                                                                                                                                    In an advanced AI-based POS, you
                                                                                                                                    get real-time record and analytics
                                                                                                                                    feature, which helps you maintain
                                                                                                                                    your inventory and purchase record
                                                                                                                                    effectively. It gives the simplest
                                                                                                                                    relevant data to help you make many
                                                                                                                                    crucial decisions. Besides this, you can
                                                                                                                                    also understand the summary of the
                                                                                                                                    transactions with the help of analytics.
                                                                                                                                    If the same work is done by a human,
                                                                                                                                    there is a higher chance of error.         5. Enhanced check out time                  does not have an integrated POS,
                                                                                                                                                                               A POS in your eCommerce offers              add it now to get more customer
                                                                                                                                    4. You can reach more
                                                                                                                                                                               the fastest purchasing facility to          outreach and customer satisfaction.
                                                                                                                                    customers
                                                                                                                                                                               your B2B customers. They can select
                                                                                                                                    Without your customers you cannot          the desired product and services
                                                                                                                                    grow, no matter whether you are            that you offer them, and when they          5 个理由为您解释为什么打造
                                                                                                                                    an online or offline platform. And         confirm the product, they fill in the       成功的 B2B 电子商务企业需要
                                                                                                                                    reaching out to your B2B customer          payment details on a short and              POS
                                                                                                                                    becomes easier if you use a POS, as it     simple dashboard, and within a few
                                                                                                                                    works with your eCommerce site and                                                     企业都想要将它们的服务流程变得
                                                                                                                                                                               steps, payment gets cleared. If this        更顺畅、更快速,使得它们的客户
                                                                                                                                    helps you target potential customers.      process were done manually, it would
                                                                                                                                    It also attracts more customers by                                                     在与他们做生意时效率更高。如果
                                                                                                                                                                               take more time. In today's world,
                                                                                                                                    providing many payment options to                                                      您的客户对您的服务感到满意,那
                                                                                                                                                                               customers expect to get a faster and
                                                                                                                                    your potential B2B customers. This is                                                  么他们会对您的期望更高。您必须

            5 Reasons You'll Need a POS for
                                                                                                                                                                               reliable checkout service, so if you
                                                                                                                                    one of the crucial elements that every     have a POS integrated with your             做好准备,以满足客户的需求。
                                                                                                                                    e-commerce business should offer           e-commerce website, it will be a lot        但要使这成为可能,您必须拥有
                                                                                                                                    to its customers. Besides this, with a     easier for your customers, and they         POS。本文讲解了 5 个理由,为您
                                                                                                                                    POS, it also gets easier to promote the    will be able to get satisfactory service.   解释为什么打造一个成功的 B2B 电

      Successful B2B Ecommerce
                                                                                                                                    latest offers and coupons to potential                                                 子商务企业需要用到 POS。
                                                                                                                                    customers.                                 So if your B2B eCommerce website

                                                                                                                                                                                                                                  Visit us online:
                                                                                                                                                                                                                                  btianjin.cn/20210603
        Businesses are looking for smoother and faster business handling to make their services effective
        for their customers. If your customers are satisfied with your services, then they will expect
        more from you. And you will have to be ready with your B2B E-commerce website to meet that
        demand. But to make this possible, you will have to have a POS (Point of Sale system) for all the
        needs that the customer has.

        1. A POS is affordable                                     2. Easy and quick to start
        A POS is affordable for many businesses going online       An attractive feature of a POS is that it starts instantly. In
        that cannot own costly and complex systems. This is an     the beginning, you may be required to fill in the entire
        especially useful tool for small businesses who do their   catalogue manually, but when the integration process
        work within a specified budget, and therefore cannot       is done, it will simply require promoting your products
        afford costly inventory management tools or experts to     and services among customers. And your post will
        maintain their financial concerns.                         provide them with an easy payment option to make their

20   June 2021 I                                                                                                                                                                                                                                     I June 2021   21
Vision                                                                                                                                                                                                                                    Vision

        Huge Titanic replica to open as Chinese                                                                                             Hong Kong-based French patisserie Paul Lafayet
        tourist destination                                                                                                                 eyes a bigger share of China’s growing market for
        The Titanic is being brought back          260-metre-long duplicate to keep           ticket in a bet.
                                                                                                                                            Western-style desserts
        from the deep, more than a century         memories of the Titanic alive.
                                                                                              Tour buses play the film's theme tune,        Hong Kong-based patisserie, Paul           He said that the company wants to           to 2025, versus 9.4 percent globally,
        after its ill-fated maiden voyage, at a
                                                   "I hope this ship will be here in 100 or   Celine Dion's "My Heart Will Go On", on       Lafayet, plans to ramp up its expansion    maintain a sense of exclusivity. “In fine   according to data from market research
        landlocked Chinese theme park where
                                                   200 years," Mr Su said. "We are building   a loop.                                       plans on the mainland as it eyes China’s   patisserie, you cannot open 1,000 or        provider Euromonitor International. By
        tourists can soon splash out for a night
                                                   a museum for the Titanic."                                                               growing market for desserts that is set    10,000 shops. When you go for fine          2025, the Chinese market is expected
        on a full-scale replica.                                                              It costs up to 2,000 yuan to spend one
                                                                                                                                            to reach US$37.6 billion a year by 2025.   products, somehow it’s kind of like         to account for about 21.6 percent
                                                   It has taken six years––longer than the    night on the ship for the "five-star cruise
        The project's main backer was inspired                                                                                                                                         luxury.”                                    of the global market for cakes and
                                                   construction of the original Titanic––     service", Mr Su says, adding that with a      Founded by the Younes family, the
        to recreate the world's most infamous                                                                                                                                                                                      pastries, Euromonitor said.
                                                   plus 23,000 tons of steel, more than       functioning steam engine, guests will         first Paul Lafayet shop opened in          Paul Lafayet currently has eight shops
        cruise liner by the 1997 box office hit
                                                   a hundred workers and a hefty one          feel that they are really at sea.             December 2009, in the K11 Art Mall,        in Hong Kong and four in mainland           A report by research and advisory firm
        of the same name, once the world's
                                                   billion yuan price tag. Everything from                                                  in Tsim Sha Tsui. The French patisserie,   China, employing around 120 staff           Mordor Intelligence last August said
        top-grossing film and wildly popular in                                               He was so excited by the challenge
                                                   the dining room to the luxury cabins                                                     which has gained a faithful following      across both locations. Their offering       that an increasing shift to Western
        China.                                                                                that he sold his energy industry
                                                   and even the door handles are styled                                                     in the city for its crème brûlée and       ranges from colourful macarons,             lifestyles and rising incomes had
                                                                                              assets, including a stake in several
        The original luxury vessel, the largest    on the original Titanic.                                                                 macarons, now wants to expand its fan      starting at HK$22 each, to their            triggered increasing demand for baked
                                                                                              hydropower projects, to invest in the
        of its time and branded "unsinkable"                                                                                                base in mainland China as soon the         signature crème brûlée made with            goods in China.
                                                   It forms the centrepiece of a Sichuan      Titanic.
        by its owners, has become a byword                                                                                                  border reopens.                            fresh Madagascar vanilla beans, to an
                                                   province theme park more than 1,000
        for hubris ever since it plunged into                                                                                                                                          assortment of birthday cakes that cost
                                                   km from the sea.                                                                         “China is huge, and the market is
        the depths of the Atlantic in 1912 after                                                                                                                                       close to HK$1,000 for a serving size for
                                                                                                                                            massive,” said Toni Younes, founder
        striking an iceberg, leaving more than     The site features a replica of                                                                                                      16 people, according to their website.
                                                                                                                                            and chief executive of Paul Lafayet.
        1,500 people dead.                         Southampton Port seen in James
                                                                                                                                            “The new generation in China is also       China’s market for cakes and pastries
                                                   Cameron's 1997 disaster epic, where
        Investor Su Shaojun says he was                                                                                                     becoming more oriented to this kind        is expected to grow by over 36 per
                                                   Leonardo DiCaprio's fictional character,
        motivated to finance the audacious,                                                                                                 of product.”                               cent to US$37.6 billion in the five years
                                                   Jack, swings on board after winning his    Source: The Business Times                                                                                                           Source: South China Morning Post

22   June 2021 I                                                                                                                                                                                                                                              I June 2021   23
Vision                                                                                                                                                                                                                                                   Vision

       China's population to hit 'turning point' in                                                                                               APEC members urged to embrace
       2026–2030                                                                                                                                  inclusive growth
                                                              Fertility has declined because        Development Research Centre.                                                                               vice-minister of commerce.        trade of Chile's Ministry of Foreign Affairs,
                                                              of a decades-long one-child                                                                                                                                                        said the crisis triggered by the COVID-19
                                                                                                    The government's economic and                                                                              Wang said that China supports
                                                              policy, rising living costs                                                                                                                                                        pandemic has made the challenges
                                                                                                    development blueprint for 2021 to                                                                          the formulation of an action
                                                              and changing social mores.                                                                                                                                                         of inclusive growth more urgent than
                                                                                                    2025, its so-called 14th five-year plan, is                                                                plan for the APEC Putrajaya
                                                              Negative population growth                                                                                                                                                         ever. "We need to direct our efforts
                                                                                                    expected to be the last planning period                                                                    Vision 2040 that would set out
                                                              is expected to emerge due to                                                                                                                                                       to promoting inclusive trade policies
                                                                                                    to see population growth this century,                                                                     specific programs for inclusive
                                                              a fall in the number of young                                                                                                                                                      that can enable a swift and sustainable
                                                                                                    Mr Zhai wrote in a commentary in                                                                           growth.
                                                              and working-age people,                                                                                                                                                            economic recovery, and to mitigate these
                                                                                                    state-backed Economic Daily. "During                                                                       The vision identified inclusive   effects so that the pandemic does not
                                                              bringing with it problems
                                                                                                    the 15th five-year plan period, we will                                                                    growth as one of the three        limit entrepreneurship, innovation and
        China is expected to reach a "turning                 for an economy that has
                                                                                                    usher in the 'turning point' of China's                                                                    economic drivers for the          women's economic empowerment,
        point" between 2026 and 2030, with its      long relied on so-called demographic
                                                                                                    population," he said.                                                                                      next two decades. More            among many others," he said.
        population plateauing or even shrinking     dividends to underpin growth. China                                                           China is calling on Asia-Pacific Economic
                                                    missed a goal to increase its population        Entering the era of zero or even                                                                opportunities will emerge for micro,
        as fewer babies mean a slow-down and                                                                                                      Cooperation member economies to                                                                As the global economy still faces many
                                                    to about 1.42 billion by 2020, by a small       negative population growth is a "major                                                          small and medium-sized enterprises, and
        then a reversal in the momentum of                                                                                                        explore new rules to advance inclusive                                                         uncertainties such as unilateralism, the
                                                    margin. Its fertility rate has slipped to 1.3   change unseen in a century" for China,                                                          women to contribute to and benefit from
        growth, a state think-tank said.                                                                                                          growth in the Asia-Pacific region and the                                                      Chilean official urged APEC members to
                                                    children per woman, missing a target of         hitting its supply of high-quality labour                                                       economic growth, further tapping into
                                                                                                                                                  world, a senior government official said.                                                      remain true to their fundamental belief
        The world's most populous country saw       about 1.8. In 2020, just 12 million babies      and consumer demand, Mr Zhai said.                                                              the region's growth potential, he said.
                                                                                                                                                                                                                                                 that regional cooperation, open markets,
        5.38 percent more people in the last        were born, the lowest since 1961.                                                             APEC needs to accelerate regional
                                                                                                    The population is likely to peak before                                                         Wang made the remarks at a seminar in        integration, innovation and inclusive,
        decade, to 1.41 billion, according to the                                                                                                 integration, so that growth can benefit all
                                                                                                    2025 as fertility falls, said Ernan Cui,                                                        Tianjin on advancing economic inclusion      secure and sustainable growth are key for
        results of a nationwide census released.    "The era of zero or even negative                                                             groups. It is crucial to further liberalize and
                                                                                                    analyst at Gavekal Dragonomics in                                                               through trade and investment in the          regional development.
        That is the slowest rate of population      population growth is gradually                                                                facilitate trade and investment, with the
                                                                                                    Beijing.                                                                                        Asia-Pacific region.
        growth since the 1950s.                     approaching," said Zhai Zhenwu, a                                                             vision of achieving a regionwide free-trade
                                                    professor at the China Population and           Source: The Business Times                    agreement, said Wang Shouwen,                     Rodrigo Yanez Benitez, vice-minister for     Source: China Daily

24   June 2021 I                                                                                                                                                                                                                                                                I June 2021      25
Feature story                                                                                                                                                                                                           Feature story
                                                                                                                                  The research found that the trade reliance
                                                                                                                                  among Asian economies remains high,
                                                                                                                                  and despite the impact of the pandemic,
                                                                                                                                  China and members of the Association of
                                                                                                                                  Southeast Asian Nations have consolidated
                                                                                                                                  the central position of trade in goods in
                                                                                                                                  Asia.
                                                                                                                                  The report said that 18 of the top 22
                                                                                                                                  products of Asian trade in parts and
                                                                                                                                  components are manufactured in China.
                                                                                                                                  In addition, increasing service trade links,
                                                                                                                                  tourism interdependence and growing
                                                                                                                                  digital trade will foster regional economic
                                                                                                                                  integration, said researchers at the event,
                                                                                                                                  which is ongoing this week after 2020's
                                                                                                                                  absence due to the virus.
                                                                                                                                                                                 of surveyed business owners were              global economic development," said Yang
                                                                                                                                  Asian economies will remain an "anchor"        optimistic about Asia's economic recovery,    Ying, vice-president of Deloitte China.
                                                                                                                                  for multilateralism and play a key role in     and strong anti-pandemic measures and
                                                                                                                                  bolstering pandemic control, keeping                                                         "China's steady economic recovery will
                                                                                                                                                                                 regional integration are expected to be
                                                                                                                                  industry and supply chains efficient and                                                     also boost the economic development of
                                                                                                                                                                                 the primary drivers of Asia's economic
                                                                                                                                  stable, and promoting trade and investment,                                                  countries and regions involved in the Belt
                                                                                                                                                                                 recovery in the coming year.
                                                                                                                                  said Li Baodong, secretary-general of the                                                    and Road Initiative," she said.
                                                                                                                                  Boao Forum for Asia.                           In particular, new regional cooperation
                                                                                                                                                                                                                               Research has also indicated that the BRI
                                                                                                                                                                                 initiatives, as well as effective pandemic
                                                                                                                                  Zhang Yuyan, director of the Chinese                                                         showed strong resilience and vitality last
                                                                                                                                                                                 control and economic revival in some
                                                                                                                                  Academy of Social Sciences' Institute of                                                     year, with projects continuing to advance,
                                                                                                                                                                                 Asian economies, will also play a key role
                                                                                                                                  World Economics and Politics, said that                                                      cooperation yielding much fruit, and
                                                                                                                                                                                 in boosting regional growth, said the

             Integration key to Asia's
                                                                                                                                  the entry into force and implementation                                                      trade and investment continuing to grow
                                                                                                                                                                                 report compiled by the Boao Forum for
                                                                                                                                  of the Regional Comprehensive Economic                                                       in spite of headwinds.
                                                                                                                                                                                 Asia Academy, the Central Asia Regional
                                                                                                                                  Partnership will bring positive new factors    Economic Cooperation Institute and            Allan Gabor, president of Merck China,
                                                                                                                                  to Asia's economy through trade and            Deloitte China.                               which has joined the forum, took a rosy

               sustained economic
                                                                                                                                  investment.                                                                                  view of China's future development,
                                                                                                                                                                                 In Asia, China is seen as one of the
                                                                                                                                  However, potential downside risks in                                                         saying the German conglomerate has
                                                                                                                                                                                 fast-growing regions, as 98 percent of
                                                                                                                                  Asia include deterioration of banks' asset                                                   seen rising growth opportunities in
                                                                                                                                                                                 entrepreneurs said they are optimistic
                                                                                                                                  quality and the rising debt level, because                                                   China's move toward a high-tech and
                                                                                                                                                                                 about China's economic recovery in terms

                    recovery
                                                                                                                                  of previous massive fiscal and monetary                                                      innovation-driven nation.
                                                                                                                                                                                 of GDP growth, according to the report.
                                                                                                                                  stimulus moves. In addition, it may be                                                       With the Chinese government's
                                                                                                                                  difficult to fundamentally improve the         "Specifically, businesses believe expansion
                                                                                                                                                                                                                               intensified efforts to drive digitalization
                                                                                                                                  external environment for Asia's economy in     and upgrading of the consumer market
                                                                                                                                                                                                                               during the country's 14th Five-Year Plan
                                                                                                                                  the short term, said Zhang.                    as well as technological innovation will
                                                                                                                                                                                                                               (2021-25) period, it is the right time to
                                                                                                                                                                                 mainly drive China's sustainable growth,
                                                                                                                                  Another report released during the                                                           further invest in China's vast domestic
          The Asian economy is      The Asian economy is projected to sustain      Similarly, leaders and observers worldwide
                                                                                                                                  conference said that more than 60 percent
                                                                                                                                                                                 which will also help boost the whole
                                                                                                                                                                                                                               market, Gabor said.
                                    recovery, and its annual growth rate may       have said that with openness, solidarity and                                                  regional economy and contribute to
            projected to sustain    exceed 6.5 percent this year, as integration   a commitment to a shared future, the world
                                                                                                                                                                                                                   博鳌亚洲论坛:
       recovery, and its annual     in regional trade strengthens.                 will ride out the COVID-19 pandemic and
                                                                                                                                                                                                                   亚洲将成为全球可持续复苏的重要引擎
                                                                                   address fundamental challenges of the time
      growth rate may exceed        The global spotlight is once again on Boao,
                                                                                   to make the planet safer and growth more                                                                                        4 月 18 日上午,博鳌亚洲论坛 2021 年年会举行首场新闻发
        6.5 percent this year, as   with political and business heavyweights
                                                                                   sustainable.                                                                                                                    布会,正式发布两份备受关注的年度旗舰报告——《亚洲经
                                                                                                                                                                                                                   济前景及一体化进程》和《可持续发展的亚洲与世界》。报
                                    around the world discussing Asia's power in
         integration in regional    improving global governance at an annual       The COVID-19 pandemic will be the main                                                                                          告认为,今年亚洲经济将出现恢复性增长,经济增速有望达
                                                                                                                                                                                                                   到 6.5% 以上,亚洲将成为全球可持续复苏的重要引擎。《亚
             trade strengthens.     gathering in the Chinese coastal town.         factor directly affecting the economic                                                                                          洲经济前景及一体化进程》报告指出,受疫情影响,亚洲经
                                                                                   activities in Asia, but the value chain                                                                                         济增速大幅波动,但总体表现明显好于世界其他地区。作为
                                    At the opening ceremony of the Boao                                                                                                                                            亚洲最大经济体,2020 年中国经济领跑亚洲,实现了 2.3%
                                                                                   is converging to China, thanks to the                                                                                           的增长。亚洲在加强疫情防控、保持产业链供应链畅通稳定、
                                    Forum for Asia (BFA) Annual Conference
                                                                                   advanced regional integration of trade                                                                                          促进贸易与投资方面发挥着重要的作用,是多边主义的稳定
                                    2021, Chinese President Xi Jinping delivered                                                                                                                                   器。其中,中国发挥了中流砥柱的作用。报告预测 2021 年
          Visit us online:                                                         in goods and services, according to the
                                    a keynote speech, sharing inspiring views                                                                                                                                      亚洲经济将出现恢复性增长,增速有望达到 6.5% 以上。相
          btianjin.cn/20210604      on how the global community can pull
                                                                                   flagship report of the Boao Forum for Asia                                                                                      对较好的经济表现,将使亚洲经济总量占世界经济总量的比
                                                                                   Annual Conference 2021.                                                                                                         重进一步提升。
                                    together through adversity.

26   June 2021 I                                                                                                                                                                                                                                           I June 2021       27
Economy                                                                                                                                                                                                                                              Economy
                                                                                                                                          Danish Genetics company.
                                                                                                                                          The country mainly imports these pigs
                                                                                                                                          from Denmark, the US, Canada and the
                                                                                                                                          United Kingdom.
                                                                                                                                          With such imports rising, the industry in
                                                                                                                                          China faces challenges resulting from a
                                                                                                                                          shortage of capital, a long profit cycle and
                                                                                                                                          technological problems.
                                                                                                                                          According to the latest national animal
                                                                                                                                          and poultry genetic resources list
                                                                                                                                          published last year, China is now home
                                                                                                                                          to 83 breeds of pig. The nation used
                                                                                                                                          to have more breeds, but many have
                                                                                                                                          become extinct and 25 species are now
                                                                                                                                          endangered.
                                                                                                                                          Liu Yonghao, chairman of New Hope              pigs for reproduction purposes was           In 2018, a 50 million yuan project was
                                                                                                                                          Group, one of the country's biggest            to buy from the home and overseas            launched in Guangdong to protect
                                                                                                                                          pork breeders, said problems being             markets, Wu said.                            local livestock and poultry. The project is
                                                                                                                                          experienced include an incomplete                                                           expected to be completed in June.
                                                                                                                                                                                         Domestic pig breeding companies
                                                                                                                                          industrial chain, outdated technology and      need to be aware that there is a gap         In Hubei province, the country's first
                                                                                                                                          the threat of disease.                         between themselves and their foreign         high-end pig breeding demonstration
                                                                                                                                          Experts and company heads have                 counterparts regarding the level of          farm has been established. It will
                                                                                                                                          suggested that China needs to grasp the        technology being used, Wu added.             use clone technology to safeguard
                                                                                                                                          core technologies required for breeding                                                     endangered breeds in certain areas.
                                                                                                                                                                                         Chinese pig farming companies are
                                                                                                                                          pigs and strengthen the development of         mainly involved in breed selection and       Although the central government and
                                                                                                                                          animals bred locally, reducing reliance on     reproduction, but lack incentive to          companies have been working to ensure
                                                                                                                                          imports.                                       cultivate new breeds, according to Wu.       that the pig farming industry meets

            Nation urged to strengthen
                                                                                                                                          Wu Zhenfang, director of the National                                                       domestic demand, there have been
                                                                                                                                                                                         He suggested that the government
                                                                                                                                          Engineering Research Centre for Breeding                                                    suggestions that other improvements
                                                                                                                                                                                         increase investment in pig breeding
                                                                                                                                          Swine Industry, said local pig breeds                                                       may be needed.
                                                                                                                                                                                         technology to encourage innovation
                                                                                                                                          should be protected regardless of              among companies.                             Shi, the agriculture and rural

              pig breeding industry
                                                                                                                                          whether they are popular on the market,                                                     development specialist, said reducing
                                                                                                                                          as each breed has its own advantages.          With the central government placing
                                                                                                                                                                                                                                      food waste can play a crucial role in
                                                                                                                                                                                         more emphasis on food safety and
                                                                                                                                          Wu, who is also a professor of animal                                                       sustainable agriculture.
                                                                                                                                                                                         sustainable agriculture, local authorities
                                                                                                                                          science specializing in molecular genetics     and companies have taken steps to            国家大力扶持养猪业
                                                                                                                                          and breeding at South China Agricultural       overcome their difficulties.
        China, the world's biggest pork producer and consumer, has imported pork and pigs for years to meet domestic                      University, said that regional pig breeds                                                   中国是世界上最大的猪肉生产和消
                                                                                                                                          should be protected for their biological       In April last year, work began in the        费国 , 猪肉需求占全球的一半 , 每
        demand. According to the United States Department of Agriculture, in 2019, global pork consumption reached                        diversity and genetic resources.               district on a 183,000-square-metre           年猪肉需求量在 5600 ~ 5800 万
        100 million metric tons, with China taking some 49% of this total.                                                                                                               production base for breeding pigs, with      吨。然而,由于 2019 年非洲猪瘟
                                                                                                                                          Although China has imported more               total investment of 247 million yuan.        的爆发和 2020 年的疫情,中国猪
        However, due to the onset of African       fewer are aware that to meet growing       2,400 breeding pigs imported from the       breeding pigs in recent years, this has not    The base was put into operation in           肉消费量下降,价格上涨,进口量
                                                   demand, the country imports boar                                                       always been the case.                          December.
        swine fever in 2019 and the pandemic                                                  United States by a livestock company                                                                                                    也相应减少。2020 年后,在全国
        last year, pork consumption in China has   semen and pigs for breeding.               owned by Chinese agribusiness giant         Wu said an average of about 6,000 such         With an annual output of 60,000 pigs, the    防控的影响下,生猪消费的下滑可
        fallen, in tandem with rising prices.      Some 90% of the pork on dining tables      Zhengbang Group.                            animals were imported each year from           base has adopted a low-carbon model          以说是席卷全国!目前生猪价格的
                                                   in China has overseas origins.
                                                                                                                                          2015 to 2018 before African swine fever        for the research and development of          下跌也在一定程度上受到了这一防
        Shi Yan, founder of the Shared Harvest                                                The arrivals are undergoing a 45-day        emerged in the country. He added that          new breeding animals, with help from         控行动的影响。本文为您介绍在国
        Organic Farm in Beijing, who is a          China imported several thousand            quarantine and are expected to produce      this figure was not that high, considering     several agricultural science institutions.   家政策的大力扶持下,中国养猪业
        specialist on agricultural and rural       breeding pigs to boost pork supplies       another 20,000 breeding pigs and            that the country slaughtered 600 million                                                    的发展现状和优惠政策。
        development, said, "Domestic pig           across the country. On March 14, a         650,000 pigs for sale annually in the       pigs annually.                                 In Guangdong province, the authorities
        production has been affected because       chartered plane carrying 985 such          province.                                                                                  published a document recently, stating
        of some import obstacles, which have                                                                                              As pig prices soared, new breeding             that they would step up protection of
                                                   animals arrived in Chengdu, Sichuan        On March 23, a chartered plane carrying                                                                                                    Visit us online:
                                                                                                                                          companies and those that developed too         genetic animal and poultry resources,
        caused pork prices to rise.                province.                                  1,066 breeding pigs arrived in Xiamen,                                                                                                     btianjin.cn/20210605
                                                                                                                                          quickly faced a shortage of animals, and       especially lean breeds of pigs.
        However, few people pause to consider      According to a source, the pigs were       Fujian province, from Denmark - the first   the quickest way to obtain high-quality
        where their pork comes from, and even      the first shipment of a record number of   batch of 3,216 animals supplied by the

28   June 2021 I                                                                                                                                                                                                                                                     I June 2021    29
In Depth                                                                                                                                                                                               In Depth
                                                                                                                                                  Telecom companies have worked                 China has taken the lead in the world's
                                                                                                                                                  hard to overcome the impact of the            5G network rollout. As a 5G technology
                                                                                                                                                  COVID-19 epidemic and accelerated the         bellwether, Chinese tech giant, Huawei,
                                                                                                                                                  construction of 5G networks since 5G was      has made further progress, saying it will
                                                                                                                                                  commercialized more than a year ago, and      launch its 6G networks in 2030 which
                                                                                                                                                  the country has established the world's
                                                                                                                                                                                                will be 50 times faster than 5G. The
                                                                                                                                                  largest 5G mobile network, Liu said.
                                                                                                                                                                                                company has also taken the lead in 6G
                                                                                                                                                  As of the end of February, 792,000            research and development.
                                                                                                                                                  5G base stations had been built, 5G
                                                                                                                                                  standalone net works covered all              In the first three quarters of 2020,
                                                                                                                                                  prefecture-level cities, and the number       Huawei's market share topped the
                                                                                                                                                  of 5G terminal connections had reached        global 5G communications equipment
                                                                                                                                                  260 million, laying a solid foundation for    market and reached 32.8 percent of
                                                                                                                                                  the promotion of 5G applications.             world's total, according to Dell'Oro, a
                                                                                                                                                  China's 4G network base stations              market research firm.
                                                                                                                                                  accounted for half of the world's total,
                                                                                                                                                                                                “We think 6G will be on the market by
                                                                                                                                                  data from the MIIT showed.
                                                                                                                                                                                                around 2030, but we don’t really know
                                                                                                                                                  The next-generation network will              what 6G is yet. Our industry expects to
                                                                                                                                                  profoundly change daily life and work         launch something that will contribute
                                                                                                                                                  style in personal consumption and social      to businesses and consumers by around
                                                                                                                                                  interaction, including entertainment,
                                                                                                                                                                                                2030, just like we have done for 4G
                                                                                                                                                  healthcare and urban governance.
                                                                                                                                                                                                and 5G,” said the company’s rotating
                                                                                                                                                  Compared with the consumer segment,           chairman, Eric Xu.
                                                                                                                                                  the 5G model for business is yet to be
                                                                                                                                                  commercialized, since it requires feasible    The executive noted that Huawei is
                                                                                                                                                  technology, as well as practical ways for     currently working to define the main
                                                                                                                                                  enterprises to save costs and enhance         specifications of 6G technology, adding
                                                                                                                                                  efficiency, industry analysts said.           that the company may release a 6G
                                                                                                                                                  China aims to complete the construction       white paper soon. “We are working with
                                                                                                                                                  of the 5G network during the 14th             other players in the industry to define

                              China builds world's
                                                                                                                                                  Five-Year Plan (2021-25) period, when         what 6G actually is. Maybe in the near
                                                                                                                         2.6 亿:中国建成全球规模
                                                                                                                                                  considerable progress will be made in         future, we will be launching our 6G
                                                                                                                         最大的 5G 移动网络
                                                                                                                                                  network speed and coverage.                   white paper. We want to discuss with
                                                                                                                         工 业 和 信 息 化 部 表 示,       In an action plan released in March,          businesses and consumers about what

             largest 5G network
                                                                                                                         “十三五”以来,我国建成             the MIIT said that China will strive to       6G will look like. Driven by our vision
                                                                                                                         了全球规模最大的信息通信             complete construction of "dual-gigabit"       and the possible definition of 6G, we
                                                                                                                                                  networks that feature both wired and          are also researching basic science and
                                                                                                                         网 络, 光 纤 宽 带 用 户 占 比
                                                                                                                                                  wireless gigabit broadband by 2023. This      cutting-edge technologies, aiming to
                                                                                                                         从 2015 年底的 56% 提升至
                                                                                                                                                  infrastructure will basically cover Chinese   realize the 6G that we define together.”
                                                                                                                         94%,4G 基站规模占全球总          urban areas and townships, propelling
                                                                                                                         量的一半以上。此外,中国             the nation's core competitiveness in
              China has preliminarily    5G smartphones are expected to           China's phone market boomed in the     初步建成全球最大规模的 5G           innovations.
                                         account for more than 80 percent         first quarter of this year compared    移动网络,5G 网络覆盖所有
          built the world's largest 5G                                            with the big setback caused by the     地级市,手机终端连接数达
                                         of overall smartphone shipments in
           network, with 260 million     China in the second half of this year.   COVID-19 pandemic during the           2.6 亿。 根 据 国 际 机 构 的 数
             5G mobile connections,                                               same period last year, with phone      据,我国移动网络速率在全
                                         Liu said in March that 5G smartphones    shipments reaching 97.97 million
           according to Liu Liehong,                                                                                     球 139 个国家和地区中排名
                                         already accounted for more than          units, up 100.1 percent from then.     第 4 位,移动通信用户月均
        vice-minister of Industry and    76 percent of overall smartphone
                                                                                  The ministry is also working hard to   支出远低于全球平均水平。
            Information Technology.      shipments in China, where a total of     reduce the digital divide between      目前,我国固定宽带和移动
                                         36.09 million phones were shipped,       urban and rural areas by encouraging   网络端到端用户体验速率较
                                         increasing 65.9 percent year-on-year,    telecom companies to build base        五年前增长约 7 倍。
               Visit us online:
                                         with 41 newly-released models, up        stations and optical networks for
               btianjin.cn/20210606
                                         32.3 percent from a year earlier.        relatively poor areas.

30   June 2021 I                                                                                                                                                                                                            I June 2021     31
Inspirational                                                                                                   Inspirational

          Religion is equivalent to
          worship for those who
          believe in it, and belief does
                                           CONFUCIUS
          not waver, even in testing
          times when most other            One of the most learned philosophers of ancient China, this figure is
          people are questioning           considered to be a subject in himself, and many disciples follow his
          it. Rather than rejecting a      thoughts.
          tradition, believers delve
          deep into it and revitalise      A difficult childhood                                    and laws, learning how they came into being,
          the old principles through       According to available resources, he was born on         and how they could reform someone by guiding
                                           28th September, 551 BC, at Zou in the Lu state, the      them through their duties, and he made these
          logical reasoning.               present-day Qufu in the Shandong Province. His           duties the pivot of all his activities. He developed a
                                           ancestors originally belonged to the Song group          deep respect for the things he learned and began
                                           who migrated to Lu, and he was the descendant            to lead by example to live a life based on the old
                                           of the kings of the Shang dynasty.                       principles.
                                           His father, Kong, a soldier in the Lu military,          The strength of his character began to show, and
                                           divorced his first wife. Yan Zhang Zai was his           his followers started to believe in his teachings.
                                           father’s second wife. He lost his father in 548 BC,      The number of his disciples increased, and his
                                           when he was just three, and his mother raised him        philosophy started being accepted among
                                           under terrible poverty-stricken conditions.              middle-aged men holding critical public posts. He
                                           His family status was below that of nobility but         taught that honour was supreme over everything
                                           above that of peasants in the class structure then       else, and that everyone should model their lives
                                           prevalent in China. People of this class tried to gain   based on righteousness, dignity and integrity.
                                           fortune and recognition according to their merits        He travelled to different states to propagate his
                                           and not their social standing.                           philosophy, which was well-received in some
                                           Though not much is known, Lao Dan and the                places, but some refused to accept it. He presented
                                           Daoist Master are said to have taught him, Cheng         himself as a conveyor of ancient laws and not
                                           Dong and Xiang being his sources of learning             an innovator. Rather than instructing people to
                                           music.                                                   follow the behavioural code as individuals and as a
                                           His everyday struggles forced him to take jobs as a      society as a whole, he appealed to them to do so.
                                           bookkeeper, a clerk, and even a cowherd, yet these       His philosophy, dedication and accomplishments
                                           experiences did not turn him into a bitter person.       Saddened by the violence and the widespread
                                           He showed extraordinary learning prowess, and            immorality, he became deeply inspired by the
                                           the difficulties he faced proved to be the catalysts     teachings of the Zhou dynasty's sages, and widely
                                           in turning him into a profound philosopher.              propagated them for the betterment of present
                                                                                                    and future generations. He considered himself
                                           The turning point of his life                            more of a reformer than a teacher. His teachings
                                           His mother died when he was 23, and according            resonated in the legendary "100 schools of
                                           to the customs of those times, he had to spend           thought" that flourished from the 6th century BC
                                           three years in mourning. Rather than sitting             up to 221 BC.
                                           back and complaining about his misfortune, he            Around 519 BC, in his 30s, he took up teaching
                                           turned these solitary years into an opportunity          as his career. He was a pioneer in many ways,
                                           to study the old laws of morality, the philosophy        being the first teacher in China who tried to
                                           deeply embedded in him, and think about how to           make education available for all. His disciples
                                           rekindle people's faith in them as a solution to the     later compiled his teachings into a book called
                                           social and political problems.                           'Analects' or Lunyu. His principles emphasise the
                                           He studied ancient philosophy, social traditions         following five virtues:

32   June 2021 I                                                                                                                              I June 2021    33
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