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Since 2014, China's National Development and Reform Commission and the Ministry of Finance have been promoting the Public-Private-Partnership (PPP) mode. Value-For-Money (VFM) assessment is one of the indispensable assessment in the PPP project operation process, which provide powerful guidelines for the project decision through the quantitative or qualitative analysis. However, the period of China...
Modern China is exposed to many societal risks in the process of social transformation and globalization. Previous psychological researches have proven that emotion is of importance in individual risk perception. Could the effect apply to large societies? The five social mood time series including happiness, disgust, fear, anger and sadness were obtained by analyzing the text content of daily Sina...
Chinese Government has attached great importance to the cause of China's international student education ever since. The paper aims to introduce the current situation of international student education in China from the perspective of Chinese Government Scholarship and then to elaborate on its education finance and great achievement. It finally makes the strategy analysis of Chinese Government Scholarship...
This article is argue the influence of financial structure to economic growth and try to find an appropriate kind of financial structure for the macroeconomic. US and China, which play important parts in world economic and respect two different kinds of financial structures as well as developed and developing country, are chosen to discuss. Empirical analysis method is used through making a model...
In order to improve its foreign trade development pattern, China is striving to expand foreign trade in services. Competition to expand local shares among the Chinese provincial regions is fierce. The paper is to provide policy recommendations for Shandong province to win this competition. Based on an analysis of the current features of world trade in services, the author examines the development...
Based on T-M model and H-M model, the author analyzes empirically stock selection and market timing of 100 open-end securities investment funds in China under bull market. The research result shows that the most of open-end securities investment funds have some stock selection ability, but it isn't notable in statistics; the most of open -end securities investment funds have some market timing ability;...
Relevant statistics show that China's GDP in 2010 is $ 404.4 billion more than Japan's and Ranks second in the world. It has been the best result of China's GDP growth since 1890, and it is the important achievement of Socialism with Chinese characteristics. But we must have a sober understanding of the present situation: first of all, per capita GDP of our country is low and the quality level of...
This paper analyzed the dynamic evolving distribution of transportation infrastructure of 31 provinces in China by the kernel density function method and markov chain method. The results showed that: the distribution of transportation infrastructure gradually changed from “twin peaks” shape into “only peak” shape, and the polarization gradually disappeared, but the difference of transportation infrastructure...
The thesis examines the relationship between managerial ownership and firm performance for 66 samples of Chinese public State-owned enterprises (SOEs) privatized by doing Management Buyout (MBO) over the period from 1997 to 2009.The empirical results indicate that managerial ownership has a negative effect on firm performance. It also finds that firms with high managerial ownership exhibit a worse...
Over the last 30 years, China has undertaken reforms to gradually liberalize its repressed economy. These reforms include liberalizing China's exchange rate regime, its capital account and domestic financial sector. This essay discusses the related theories and identifies the appropriate sequence in the process of liberalizing Chinese economy. It focuses exclusively upon reforming the exchange rate...
Deed tax, a local tax, levies on the transferees of real estate transferred within the territory of China. Using the panel data, the GDP and deed tax of all provinces from 1999 to 2008, through the regression of the elasticity of deed tax, it will be found that the elasticity of deed tax is very benefit, most of provinces' deed tax elasticity are nearly more than 2, and that has not appeared significant...
Climate change policy and position drives the transition to a low carbon economy, creating opportunities and risks to which businesses must respond to succeed.This paper presents the key policy drivers by sector and summarise the international policy shaping China position. It studies provide in depth analysis of key issues to inform businesses and policy makers on how to address climate change and...
China will more firmly embrace green and low-carbon development ideals and step up efforts in saving resources and protecting the ecological environment. Therefore, the green taxation policy is just part of a portfolio of possible policy changes. Under this background, this article summarizes many countries' green taxation policy, and explains the objective of polluter pays principle and the mechanism...
Green credit policy is an important measurement for fulfilling target of energy saving and emission reduction (ESER) and change economic towards green growth mode. This paper is an analysis of the policy, from policy content and component introduction, to current implementation status, and to policy mechanism analysis. After implementation of the policy, China commercial bank credit structure changed...
Over-development of fictitious economy may produce bubble capital and bubble burst can induce financial crisis. The Granger cause of the representative variable of real economy to the variables of fictitious economy in China is tested and the bubble expansion rate of each period of China's fictitious economy is calculated by the quarterly data from the second quarter of 1998 to the forth quarter of...
In order to research the relationship between managerial ownership and earnings quality in China, the article researches the financial data of Chinese listed firms by using the abnormal accrual model and adjusted Jones model, we find that managerial ownership influences earnings quality by firm's accounting choices. The empirical research shows that the distribution between of managerial ownership...
With a trend of supply chain integration (SCI) on the one hand and more use of logistics service providers (LSPs) on the other hand, supply chain service provider (SCSP) is emerging for higher degree of integration and optimization of the whole chain. In this paper, we first develop the concept of SCSP based on literature review, and then conduct a case study (EA Company, a successful SCSP in China)...
In recent years, technical problems was attached more importance in China's budget reform, such as zero-based budget and government procurement, however, how to deal with the relations between budget and democratic governance has been highlighted as a much deeper issue. In the Report to the seventeenth National Congress of the Communist Party of China has pointed out that we should unswervingly develop...
Based on the behavioral theory of corporate finance perspective, this article takes the listed companies in 2008 as a sample, researched the equity financing preference on investment behavior. By regression analysis: the listed companies' equity financing preference and the financing size have significant influence on the investment behavior.
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