The Empirical Tests on Risk in Chinese Futures Market

The Research on Market Risks has been developed abroad in all sorts of markets since 1960＇s. It＇s necessary to comprehend and consider opportunity and challenge in Chinese futures market from the viewpoint of risk management. With different ARCH models, we find heteroscedasticity does exist in Chinese market, so we adopt the Variance Ratio. We test empirically the prices of Chinese futures market from 1993 to 2002. The results show that only futures price of copper meets the random walk, thereby confirming the weak form market efficiency. It also means that the function of price discovery is weak and the risk of futures market is poor. Finally, we give much constructive policy advice.

A Cross-cultural Examination of the Noise-sensitivity Scale-short Form:Measurement Invariance Testing between the US and Chinese Samples

Unwanted sound that is unpleasant or disruptive to hear, often interpreted as noise, is a widespread environmental pollutant. Similar to other environmental pollutants, this noise incurs a variety of costs to society. Numerous negative health impacts are linked to increases in noise exposure,such as increased cardiovascular risk;and sleep

THE BRIEF INTRODUCTION OF CHANGCHUN JINGYUETAN OPEN REMOTE SENSING STUDY AND TEST SITE OF THE CHINESE ACADEMY OF SCIENCES

In 1979, the Changchun Jingyuetan Remote Sensing Study and Test Site (RSSTS)began its work, and it was formally established in 1985. The RSSTS is subordinated the Changchun Branch of Chinese Academy of Sciences and is supported by the Changchun Institute of Geography and Changchun Institute of Optics and Fine Machnics, Chinese Academy of Sciences. It is under the management of the Resource & Environment Bureau of Chinese Academy of Sciences and it is the study base of remote sensing basis and application tests in China. The RSSTS is situated in the Jingyuetan scenic spot of the suburbs of Changchun City, Jilin Province. It is located at 43°40′—43°50′N and 125°18′-125°18′E.

The Use of an Elicited Imitation Test to Measure Global Oral Proficiency of L2 Chinese at the Postsecondary Classroom Level

With a growing number of foreign language studies on proficiency outcomes,it is imperative to address the challenge of measuring students’proficiency development in a language program where standardized proficiency testing is not readily available.This article reports administering a Chinese elicited imitation test(EIT)by an instructor to track students’global oral proficiency development in a small language program in a mid-size U.S.public university.The test results from the EIT of second language(L2)Chinese suggest that this tool can provide the instructor with valuable insights into students’oral proficiency.This study also discusses the potential practical value of using this EIT in a language program with limited resources for standardized proficiency assessment.The hope is that this study will encourage language educators who are not already doing so to start using empirical evidence from a valid and reliable proficiency measurement tool to reflect on,improve,and guide their instructional practices.

Inheritance of growth and survival in two 9-year-old, open-pollinated progenies of an advanced breeding population of Chinese firs in southeastern China

Tree growth traits （tree height, DBH and stem volume） and survival from two 9-year-old, open-pollinated progeny tests of Chinese fir were investigated for heri- tability, genotype × environment interaction, age-age genetic correlation and selection efficiency. The 97 and 79 families planted at two sites were collected from the thirdcycle seed orchard. Individual heritability was estimated between 0.05 and 0.21 for tree height, DBH, and volume and between 0.45 and 1.0 for survival. Family heritability was between 0.20 and 1.14. Significant genotype x envi- ronment interaction was observed for the three growth traits. Type B genetic correlation was between 0.41 and 0.67 with an increasing trend as tree grows. High age-age genetic correlation was observed with correlation reaching 0.9 after age 4 for height, DBH, and volume. The genetic gains were estimated at 3.26, 3.39 and 5.98 % for tree height, DBH, and volume with 10 % selection intensity. The implication for advanced tree breeding in Chinese fir is discussed.

Traditional Chinese medicinal capsule for curing HIV/AID Sundergoes clinical test

A traditional Chinese medicinal capsule capable of curing HIV/AIDS has been put under clinical test with the approval of the State Food and Drug Administration.

THE NECESSITY AND FEASIBILITY OF INTRODUCING AN ORAL PERFORMANCE TEST FOR CHINESE COLLEGE STUDENTS AT BAND FOUR

The introduction of an oral performance test for Chinese college students at Band Four is proposed. The current CET-4 test and the qualitative problems associated with it are analysed, and the possible positive backwash of such an innovation is explored.

Effect of a Traditional Chinese Medicine combined therapy on adolescent idiopathic scoliosis:a randomized controlled trial

OBJECTIVE:To evaluate the effectiveness of a combined Traditional Chinese Medicine(TCM) therapy versus conventional treatment on adolescent idiopathic scoliosis.METHODS:One hundred twenty outpatients with mild and moderate adolescent idiopathic scoliosis were randomly divided into a TCM group(TCMG)and a brace group(CG).TCMG patients underwent Daoyin,Tuina,and acupotomology therapies.CG patients were treated with a Milwaukee brace.Each patient's Cobb angle was measured after 12 and 24 months of treatment,and pulmonary function was determined after 12 months of treatment.Average electromyogram(AEMG) ratio of the surface electromyogram was measured after 6 and 12 months of treatment and followed-up after 18 and 24 months.RESULTS:The Cobb angle significantly decreased in both groups after 12 months of treatment compared with before treatment(P< 0.05).The percentages of original Cobb angle in TCMG and CG were51.4%and 47.8%(P > 0.05) after 12 months and62.5%and 34.7%(P < 0.05) after 24 months,respectively.Pulmonary function significantly improved after 12 months in TCMG(P < 0.05) but significantly decreased in CG(P < 0.05).The AEMG ratio was significantly lower(P < 0.01) and tended to remain at1 after stopping treatment in TCMG,but increased in CG(P<0.05).CONCLUSION:TCM combined therapy can prevent the progression of scoliosis.The AEMG ratio is a promising index that could replace radiography in the evaluation of treatment effect and progression in scoliosis.