On Sept.27, 2005, China Certification and Accreditation Association was set up, which was a sign of standardization and legalization for China certification and accreditation. Furthermore, its main task includes suppo...On Sept.27, 2005, China Certification and Accreditation Association was set up, which was a sign of standardization and legalization for China certification and accreditation. Furthermore, its main task includes supporting fairness, gaining credit, promoting development and building a harmonious society.展开更多
On December 11th,2009,the National Bureau of Statistics of China released its latest Economic Indicators in November in 2009,analyzing the economic performance from the aspects of industrial production,industrial prof...On December 11th,2009,the National Bureau of Statistics of China released its latest Economic Indicators in November in 2009,analyzing the economic performance from the aspects of industrial production,industrial profit,investment in fixed assets,retail sales,and so on.In the following part,the article would give a brief introduction on how the economic indicators performed during the first eleven months.展开更多
Drawing upon output, employment, consumption and trade data, this article examtnes whether there is an economic tertiarization trend in China ＇s economy and evaluates the common factors driving current trends. It sho...Drawing upon output, employment, consumption and trade data, this article examtnes whether there is an economic tertiarization trend in China ＇s economy and evaluates the common factors driving current trends. It shows that the tertiarization trend is evident for the overall economy and most regions in terms of the service nominal value-added ratio and service employment and consumption. However, the tertiarization trend is not significant in terms of the service real value-added ratio, and there is even some concurrent ＂detertiarization ＂ because of the decreasing proportion of services in imports and exports. lndeed, China ＇s tertiarization trend is far behind its industrialization trend The rise in the relative prices of services explains the rising proportion of household service consumption expenditure and further illuminates why the service real value-added ratio has not grown. The main cause for the growing percentage of service employment is the lag in service labor productivity growth in interaction with the price inelasticity of service demand ＂Cost disease ＂ has appeared in service consumption.展开更多
In 2014, the amount of RMB cross-border settlement had reached RMB7.6tn. It is important to evaluate the potential influence of RMB internationalization on China＇s macroeconomy. In the present study, a framework that...In 2014, the amount of RMB cross-border settlement had reached RMB7.6tn. It is important to evaluate the potential influence of RMB internationalization on China＇s macroeconomy. In the present study, a framework that includes monetary supply and demand was created to analyze the influences of RMB cross-border settlement on China＇s domestic interest rate, asset price and foreign exchange reserves. It is found that RMB settlement in different BOP items leads to very different effects on China＇s real economy and the financial market. Based on the analysis, we provide a framework of the policy priorities for RMB internationalization, with the RMB cross-border settlement items divided into three groups with different priorities. Meanwhile, to support RMB internationalization, exchange rate reforms should be adopted as a priority and a prudent attitude maintained regarding capital account liberalization.展开更多
Since early January this year,the Japanese yen has beendepreciating steadily, from 128 and 129 to 130 yen perdollar,which is the lowest in the last 38 months. It seemsJapan is finally playing its exchange rate card af...Since early January this year,the Japanese yen has beendepreciating steadily, from 128 and 129 to 130 yen perdollar,which is the lowest in the last 38 months. It seemsJapan is finally playing its exchange rate card after fail-ing to revive its econmy through interest rate cuts andexpanding govemment expenditure. Do you think this"exchange rate card" can be the savior for Japan’seconomy? Is the yen depreciation the best choice to pre-vent its economy from falling further?展开更多
With its economic growth attracting global attention over the past 20-plus years of reform and opening up, China is now the third largest trade nation globally, its foreign exchange reserves have topped $1 trillion, a...With its economic growth attracting global attention over the past 20-plus years of reform and opening up, China is now the third largest trade nation globally, its foreign exchange reserves have topped $1 trillion, and it is a magnet for the most foreign direct investment among developing nations. Meanwhile, China has become a leading source of investment for some African and Latin American countries. What do these achievements mean internationally? In an interview with People’s Daily Overseas Edition, Bert Hofman, chief economist of the World Bank’s China Representative Office, says that the contribution made by China’s economic development has far exceeded what it should have done given its role in global economic growth.展开更多
In 2006,China’s capital markets rocketed up 183 percent,and the impressive growth has continued in 2007,with the Shanghai Composite Index already toping 5,000 points.But officials and experts have shown their concern...In 2006,China’s capital markets rocketed up 183 percent,and the impressive growth has continued in 2007,with the Shanghai Composite Index already toping 5,000 points.But officials and experts have shown their concern that展开更多
Some media reports have contended that China’s rapid economic development has reached a “glass ceiling” and that a downward inflection point will appear as early as next year. Wang Tongsan, Director of the Institut...Some media reports have contended that China’s rapid economic development has reached a “glass ceiling” and that a downward inflection point will appear as early as next year. Wang Tongsan, Director of the Institute of Quantitative and Technical Economics of the Chinese Academy of Social Sciences, addresses China’s general economic outlook in the coming year in an interview with People’s Daily.展开更多
The financial turmoil that originated in the United States is rapidly spreading throughout the world, and China’s economy has been inevita- bly affected. To avoid risks, some foreign-
The West Lake is calm,elegant and beautiful in September,one of Hangzhou s most iconic sights.The G20 Hangzhou Summit being held here,has attracted global attention.The logo of the summit,which features a stylized bri...The West Lake is calm,elegant and beautiful in September,one of Hangzhou s most iconic sights.The G20 Hangzhou Summit being held here,has attracted global attention.The logo of the summit,which features a stylized bridge consisting of 20 layered lines,can be seen in almost every展开更多
文摘On Sept.27, 2005, China Certification and Accreditation Association was set up, which was a sign of standardization and legalization for China certification and accreditation. Furthermore, its main task includes supporting fairness, gaining credit, promoting development and building a harmonious society.
文摘On December 11th,2009,the National Bureau of Statistics of China released its latest Economic Indicators in November in 2009,analyzing the economic performance from the aspects of industrial production,industrial profit,investment in fixed assets,retail sales,and so on.In the following part,the article would give a brief introduction on how the economic indicators performed during the first eleven months.
基金an National Natural Science Foundation of China project (No. 70773021)a Shanghai Social Sciences project (2008BJL002,2009XAE003)+1 种基金Chinese Ministry of Education Key Projects (No. 2007JJD790118 and 2006JZD0018)the Project of the "985" State Innovative Institute at Fudan University.
文摘Drawing upon output, employment, consumption and trade data, this article examtnes whether there is an economic tertiarization trend in China ＇s economy and evaluates the common factors driving current trends. It shows that the tertiarization trend is evident for the overall economy and most regions in terms of the service nominal value-added ratio and service employment and consumption. However, the tertiarization trend is not significant in terms of the service real value-added ratio, and there is even some concurrent ＂detertiarization ＂ because of the decreasing proportion of services in imports and exports. lndeed, China ＇s tertiarization trend is far behind its industrialization trend The rise in the relative prices of services explains the rising proportion of household service consumption expenditure and further illuminates why the service real value-added ratio has not grown. The main cause for the growing percentage of service employment is the lag in service labor productivity growth in interaction with the price inelasticity of service demand ＂Cost disease ＂ has appeared in service consumption.
基金This research is supported by the National Social Science Foundation （Grant No. 13AJL008） and the National Natural Science Foundation （Grant No. 71503263）.
文摘In 2014, the amount of RMB cross-border settlement had reached RMB7.6tn. It is important to evaluate the potential influence of RMB internationalization on China＇s macroeconomy. In the present study, a framework that includes monetary supply and demand was created to analyze the influences of RMB cross-border settlement on China＇s domestic interest rate, asset price and foreign exchange reserves. It is found that RMB settlement in different BOP items leads to very different effects on China＇s real economy and the financial market. Based on the analysis, we provide a framework of the policy priorities for RMB internationalization, with the RMB cross-border settlement items divided into three groups with different priorities. Meanwhile, to support RMB internationalization, exchange rate reforms should be adopted as a priority and a prudent attitude maintained regarding capital account liberalization.
文摘Since early January this year,the Japanese yen has beendepreciating steadily, from 128 and 129 to 130 yen perdollar,which is the lowest in the last 38 months. It seemsJapan is finally playing its exchange rate card after fail-ing to revive its econmy through interest rate cuts andexpanding govemment expenditure. Do you think this"exchange rate card" can be the savior for Japan’seconomy? Is the yen depreciation the best choice to pre-vent its economy from falling further?
文摘With its economic growth attracting global attention over the past 20-plus years of reform and opening up, China is now the third largest trade nation globally, its foreign exchange reserves have topped $1 trillion, and it is a magnet for the most foreign direct investment among developing nations. Meanwhile, China has become a leading source of investment for some African and Latin American countries. What do these achievements mean internationally? In an interview with People’s Daily Overseas Edition, Bert Hofman, chief economist of the World Bank’s China Representative Office, says that the contribution made by China’s economic development has far exceeded what it should have done given its role in global economic growth.
文摘In 2006,China’s capital markets rocketed up 183 percent,and the impressive growth has continued in 2007,with the Shanghai Composite Index already toping 5,000 points.But officials and experts have shown their concern that
文摘Some media reports have contended that China’s rapid economic development has reached a “glass ceiling” and that a downward inflection point will appear as early as next year. Wang Tongsan, Director of the Institute of Quantitative and Technical Economics of the Chinese Academy of Social Sciences, addresses China’s general economic outlook in the coming year in an interview with People’s Daily.
文摘The financial turmoil that originated in the United States is rapidly spreading throughout the world, and China’s economy has been inevita- bly affected. To avoid risks, some foreign-
文摘The West Lake is calm,elegant and beautiful in September,one of Hangzhou s most iconic sights.The G20 Hangzhou Summit being held here,has attracted global attention.The logo of the summit,which features a stylized bridge consisting of 20 layered lines,can be seen in almost every
