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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...
Since China's reform and opening up, the rapid development of processing trade has made positive contributions to China's economic development. Development of processing trade in China is mainly affected by two factors. One is the low wages in enterprises engaging in processing trade, the other is the undervalued RMB exchange rate. This paper aims to reveal the respective effect of the two factors...
Based on literature review, influencing factors model of sourcing in China is constructed, and 14 hypotheses are put forward. 109 companies are surveyed and efficient data is analyzed using multiple regression method. The results from our survey show that asset specificity and cost have significantly negative influence on the extent of sourcing in China; entry mode, policies, exchange rate, tariff...
In recent years, IT firms in emerging market countries have begun to undertake direct investments abroad. According to incremental internationalization theory, experience prompts internationalized investments. This article employs data of Chinese listed companies to verify the above theory. Besides, what we conclude is that internationalization experience of senior executives will counterbalance deficiency...
Based on the statistics of Tianjin from 1980 to 2007, this paper analyzes the relationships between Tianjin's export trade and the four factors such as FDI, FDI stock, trading partners' GDP and Tianjin's GDP by cointegration test and Granger causality test. The paper also uses impulse response function and variance decomposition method to measure the dynamic effect of these four factors on Tianjin's...
To some extent, modern market economy is an economy based on various kinds of credit relationships, therefore, it is of great practical significance to investigate working mechanism of credit channels. With China's accession into WTO, changing tendency of exchange rate policy has witnessed increasingly great effect on the trend of micro-economy. Therefore, understanding and seeking interactive mechanism...
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