Major Changes in Coal Industry

In recent years, facing the unprecedented difficulties andchallenges such as fuel price increase, supply tension of powercoal and increasing pressure of environmental protection, thesurvival of power enterprises is subjected to certain squeeze.Theimpactofcoalindustryonthepowerindustryisincreasing.Since the foundation of the new China, coal is prominentin China's primary energy production and consumption. Inrecent years, with the continuing rise of the international oilprice, coal becomes more important i...

A Strategy and Model of Change for SMEs in the Hong Kong Manufacturing Industry

The re-establishment of the Hong Kong manufacturin g industry as a local pillar of economy is vital in the restructuring of the e conomy in Hong Kong. The SMEs should play a key role in such a process. It requi res major changes to take place in the operation of the enterprises in order to enhance their competitiveness and therefore the chance of success in the restruc turing process. It is suggested that the strategy of going for high value-added products and related services together with the practice of "focused factory" s hould be adopted by the SMEs in the industry. Effective change management by the top managers and owners in the SMEs is an underpinning element for the success. Basing upon the characteristics of the SMEs in the industry, a model of change is proposed. The roles that should be played by the top management and owners in the industry are suggested and discussed. It is believe that the proposal and s uggestions made would help the industry to effectively manage the changes that a re necessary for the industry to shape the competitiveness of the industry in th e world arena in future.

Chinese Textile industry Should Gear Up for Changes

Since the inception of last year,forecast on the"shuffling"of the textile industry has been spread widely.What’s more,some latest reports of Financial Medias on the bankruptcy of garment enterprises that used to run with main business of export or OEM in Guangdong province dealt a heavier blow on people’s nerve.It is said that Chinese textile industry are suffering"painful period"now……

Previous ITU Exhibitions Reflect Tremendous Changes in China's Telecom Industry——Houlin Zhao, Deputy Secretary-General of ITU

The long-awaited ITU Telecom World 2006 is to open in Hong Kong. It is no doubt that the hosting of this pageant in Hong Kong proves the praise and recognition of the rapid development of China's telecom industry as well as the favor and support to Hong Kong, a world-class trade metropolis. At this opportunity, I'd like to extend my warm congratulations to the event together with readers of China Telecommunications Trade.

The Impact of the Establishment of National High-tech Zones on Total Factor Productivity of Chinese Enterprises

The National High-tech Zone(NHTZs)is an important strategic platform for cultivating high-tech industries and realizing high-quality economic development in China.Based on the combined data from 2006 to 2014 of the industrial enterprise database,the customs database,and the China Development Zones Audit and Announcement Catalogue(abbreviated asthe Catalogue),this paper systematically investigates the influence of the construction of NHTZs on enterprise’s total factor productivity(TFP).Results show that NHTZs have a positive impact on the TFP of enterprises in the zone,and this conclusion is still valid after considering endogeneity problems.Furthermore,the above productivity effects of NHTZs are heterogeneous in terms of enterprise ownership,external environment and establishment time,and NHTZs have greater stimulation effects on enterprise productivity after comparing with other types of functional zones.An investigation of the specific mechanisms at play shows that NHTZs promote the TFP of enterprises in the zone through the release of preferential policies,strengthening the“technology spillover effects”of imported intermediate goods,enhancing enterprise’s innovation ability and attracting talent.In addition,based on the decomposition of industry productivity,this paper also investigates the impact of NHTZs on changes in industry productivity and finds that NHTZs promote the overall productivity of specific industries mainly by stimulating the productivity improvement of incumbent enterprises and expanding the market share of high-productivity enterprises.Moreover,the preferential policies of NHTZs do not significantly stimulate high-productivity enterprises to enter the zones,nor do they cause low-productivity enterprises to exit.This research is helpful in objectively evaluating the economic effects of the NHTZs in China and in providing a theoretical basis for its further adjustment.

Auto Industry Faces Change

A number of indicators show that China's auto industry is facing a new round of large-scale restructuring. When the global auto industry was undergoing reorganization 10 years ago, China's auto industry was in its early stages, acting in a relatively closed market, and thus it missed out on that important event. However, the situation is different today. In the past decade, China's auto industry has grown at a rapid pace. While the world's major transnational companies

12 changes with the auto industry in 2007

Innovation begins to lead the industry China’s auto industry has entered a new innovative stage, while undergoing further improvement and restructuring. The entire industry has reached

The Mining-and-Selling Situation Of China's Rare Earth Industry Is Changing

After being rectified for several consecutive years,China’s rare earth industry was recovered in 2017.At the same time,industria transformation and upgrading is considered to be another focus in the future.'The effect of transformation and upgrading of rare earth industry is obvious,and the mining-and-selling situation is changing。