Historical Starting Point, Contemporary Vision and World Insight——New Thinking for the Study of Ancient Chinese Capitals

The topic can be summarized in three interconnected aspects; historical starting point, contemporary vision, and world insight. The historical starting point requires the study of ancient Chinese capitals to abide by rigid academic principles and must be based on historical facts. Contemporary vision refers to the obligation to contribute to contemporary society and civilization through ancient Chinese capital research. World insight expresses our need of an integral and systematic concept to correctly assess the historical status and role of ancient Chinese capitals in the larger context to unveil the unique cultural values and historical significance of ancient capitals across China. Chengdu is an ideal case for us to explore new research approaches from the above three aspects.

Study on the circular economy of dairy industry in Hohhot, China

On August 8, 2005. Hohhot was awarded the title of ＂Chinese Dairy Capital＂. Now dairy industry is one of the pillar industries in Hohhot, with strong driving effect to the development of social economy. However; the sustainable development of dairy industry in Hohhot is threatened by rapid scale expansion and restriction of environmental supporting capacity, In accord with the ideas and requirements of the circular economy theory, this paper analyzes dairy industry pattern from two aspects and establishes the industry system. The dairy industry mainly consists of cow breeding and dairy process. The circular economy mnst set about from the two aspects. For the most part, dairy processing should start from the two most key links, namely packing and water using.

Is Public Capital Productive in China？ Evidence from a Panel of Chinese Provinces

In addition to the direct productivity effect, public capital also has an indirect effect on private capital stock and labor input. This paper offers an evaluation of both the direct and indirect effects of Chinese public capital by applying a trans-log aggregate production function including public capital stock to a panel of regional data from 1986-2009. Moreover, we calculate the impact of public capital on regional total factor productivity （TFP） performance by introducing a system GMM estimation. The results show that the output elasticity of Chinese public capital stock is significantly positive, but decreasing year on year, and public capital is found to be a substitute for labor but complementary to private capital input. Finally, public capital has a significant positive effect on regional TFP performance.

U.S.Security vs.Chinese Capital

An important regional organization founded 40 years ago, the Association of Southeast Asian Nations (ASEAN) is playing an increasingly key role in the region in both economic and geopolitical issues. Beijing Review's North America bureau recently asked Zachary Abuza, professor of political science and international relations at Simmons College in Boston, about ASEAN's relations with China and the United States.

Chinese Policy Options on International Capital Flow after WTO Accession

I. IntroductionThere have been numerous studies on free capital mobility, its management and impact on developing countries’ economy during the past decades. International capital flows create opportunities for portfolio diversification and risk sharing. In classical cases, capital mobility permits a more efficient global allocation of savings and directs resources toward their most productive uses (Fischer, 1998, etc.). However,

ESG performance and cost of debt

We analyze China Securities Index Co.,Ltd.(CSI)environmental,social and governance(ESG)scoring data,which incorporate Chinese characteristics,to assess the impact of ESG performance on corporate debt financing costs.Our findings indicate that better CSI ESG scores are correlated with lower debt financing costs.Additionally,improvements in local environmental execution enhance the effect of CSI ESG scores on debt financing costs.However,this effect diminishes with increased internal control quality and marketization.Governance has the greatest impact on reducing debt financing costs,followed by social and environmental factors.Superior CSI ESG scores reduce corporate debt financing costs by enhancing debt repayment capacity and reducing information asymmetry.Economic consequence analysis confirms that lower financing costs,driven by improved ESG performance,significantly enhance total factor productivity and firm value.CSI ESG scores also significantly impact bank loans but not corporate bond financing.