Cyberattack Ramifications, The Hidden Cost of a Security Breach

In this in-depth exploration, I delve into the complex implications and costs of cybersecurity breaches. Venturing beyond just the immediate repercussions, the research unearths both the overt and concealed long-term consequences that businesses encounter. This study integrates findings from various research, including quantitative reports, drawing upon real-world incidents faced by both small and large enterprises. This investigation emphasizes the profound intangible costs, such as trade name devaluation and potential damage to brand reputation, which can persist long after the breach. By collating insights from industry experts and a myriad of research, the study provides a comprehensive perspective on the profound, multi-dimensional impacts of cybersecurity incidents. The overarching aim is to underscore the often-underestimated scope and depth of these breaches, emphasizing the entire timeline post-incident and the urgent need for fortified preventative and reactive measures in the digital domain.

Construction of BDS Spatiotemporal Information Agricultural Product Digital Credit System

Spatiotemporal information,positioning and navigation services have become important elements of new type infrastructure.The rapid development of global digital trade provides a large-scale application scenario for the use of Beidou Navigation Satellite System(BDS)spatiotemporal information to support the certification of origin of agricultural products.The BDS spatiotemporal information agricultural product digital credit system uses such modules as BDS,spatiotemporal information collection,spatiotemporal coding,and spatiotemporal blockchain.It incorporates multi-level joint supervision mechanisms such as government,associations,and users.Starting from the initial production link of agricultural products,it realizes the correspondence and locking of online and offline products,effectively improves the integrity and credibility of information in the production process,finished product quality and circulation process of products,effectively manages the green production and anti-channel conflicts of producers,and provides credible information for consumers,thus realizing the digital credit certification of products.The successful practice of characteristic agricultural products in Yunnan Province has verified the application ability of the BDS spatiotemporal information agricultural product digital credit system.This system has played a significant role in promoting the online and offline locking,credible information,effective supervision and high quality and high price of characteristic agricultural products from the field.The BDS provides services for global digital trade and contributes to the further enhancement of the global application scale of GNSS.

Trade-Offs and Synergie Effects of Regulating Ecosystem Services along an Climatic Gradient in Slovakia

This study aims to assess the synergies and trade-offs of regulating ecosystem services. Ecosystem services are non-linearly interconnected and changes in one service can positively or negatively affect another. We evaluated ecosystem services based on biophysical indicators using an expert scoring system that determines the corresponding soil functions and is part of the existing databases available in Slovakia. This methodological combination enabled us to provide unique mapping and assessment of ecosystem services within Slovakia. Correlation analysis between individual regulating ecosystem services and climate regions, slope, texture, and altitude confirm the statistically significant influence of climate and slope in all agricultural land, arable land, and grassland ecosystems. Statistically significant synergistic effects were established between the regulation of the water regime and the regulation of soil erosion within each climate region, apart from the very warm climate region. Only in a very warm climate region was potential of regulating ecosystem services mutually beneficial for soil erosion control and soil cleaning potential (immobilization of inorganic pollutants).

The Influence of the Implementation of Trade Facilitation Systems on the Time Required for Creating Delivery Orders: A Case Study of Tema Port

This study evaluated the impact of Ghana’s Integrated Customs Management System (ICUMS), implemented within the National Single Window initiative, on the efficiency of issuing Delivery Orders (DO) at Tema Port. Filling a gap in the existing literature, the research employed a quantitative approach to assess a specific time-related aspect of the cargo clearance process. Employing an Independent t-test on a dataset spanning 2026 Delivery Orders (924 pre-ICUMS and 1102 post-ICUMS) from July 2020 to July 2023, the study investigated ICUMS’s effectiveness in reducing DO issuance time. Results indicate a noteworthy decrease in average DO issuance time, from 11 days pre-implementation to approximately 9 days post-implementation, a reduction validated by statistical analysis through the independent t-test. In light of these findings, the study recommends ongoing refinement of the implementation, reinforcement of trade facilitation measures, and the adoption of best practices from successful global ports. Continuous stakeholder training and regular assessments of ICUMS performance are also endorsed. The study’s implications support the theoretical framework for Single Window systems and carry significant policy implications, emphasizing the need for collaborative efforts to streamline trade facilitation processes driven by Information Technology. Practically, the results serve as a management tool for stakeholders, highlighting areas for targeted interventions to reduce DO issuance times. Methodologically, this research contributes by applying robust statistical analysis to a specific component within the Time Release Study framework, offering a nuanced understanding of trade facilitation systems’ effectiveness in improving cargo clearance processes.

Exploration of the Construction of Economic Service Trade System under the Background of Hainan Free Trade Port

China has a large population,a large middle-income group,and a wide consumer market coverage.In the context of economic globalization,the connection between the Chinese economy and the world industrial chain has been further strengthened,contributing to the development of the global economy.Under the background of the Hainan Free Trade Port,building an economic service trade system will help to create a new highland for economic service trade,promote the development of China’s service trade,and facilitate the rational allocation of resources on a global scale.Because of this,the article will analyze the opportunities for building an economic service trade system and the challenges of building an economic service trade system under the background of Hainan Free Trade Port,and focus on analyzing the path strategies for building an economic service trade system to create a high-level new highland of service trade and actively face the challenges of era development and economic upgrading[1].

An Inquiry into the Approach to Asian Regional Trade Integration Under the Belt and Road Initiative——The Case of the Alignment of a China-Japan-South Korea Free Trade Area

It has been five years since the Belt and Road Initiative (BRI) was first introduced. Though there has been a growing body of literature on regional cooperation between covered countries, Japan and South Korea have been barely discussed. This paper starts with the consensus-based mechanism of a China-Japan-South Korea Free Trade Area (FTA) to probe the approach of its alignment with the BRI in terms of the sequence of “master plans,”“viability of cooperation,” and “embedding of rules.” This inquiry found that the three countries have a shared interest in cooperation in Central Asia to which China prefers a pragmatic approach, while Japan and South Korea an approach combining idealism with pragmatism. Given the huge potential of cooperation between the trio, it is suggested that a “Central Asia chapter” be incorporated in the negotiation framework of this trilateral FTA, and that the design feature three aspects;fundamental principles, specific rules, and an executive body with a view to functionally contributing to regional trade integration in Asia. This approach may also be applied to the alignment of other Asian areas with the BRI.

Escaping Dependency and Trade War:China and the US

Marxist political economy provides a perspective for grasping the root cause of the China-US trade war.The international relations of production,which stem from the international division of labor,shape the distribution of international economic interests and the political status of countries.Traditionally,developing countries have been subjected to the“periphery”in the international division of labor.In the new global value chain,developing countries have remained in a subordinate position characterized by“technological-market”dependence.To achieve the goal of building a strong modern nation,China must escape the“technological-market”dependence.Yet China’s efforts and achievements in escaping dependent development are deemed as a threat to US vested interests in the international markets.To preserve the economic foundation of its hegemony,the US has resorted to a trade war to contain China’s development.

Impact of trade on China's SO_2 emissions is relatively small

To better understand trades impact on the environment, we construct a four-equation simultaneous system in whichthree economic determinants define emissions: scale, composition and technique effects, all embodied directly by trade.Supposing the three economic determinants are also endogenous to trade, we check the indirect impacts of trade onthe environment in the following three functions through the intermediation of the three effects.We then estimate 29Chinese provinces’ panel data in the model on industrial SO2 emissions （1993-2001）.Our estimation results revealthat export expansion and the accumulation of manufactured goods imports had the opposite roles on industrial SO2emissions determination.The results do not support the "pollution haven" hypothesis; the reinforced competitionexporters face is a positive factor that encourages technological progress in pollution abatement.China’s actualcomparative advantage resides in labor-intensive industries; exporting to the world market actually helps to reduce thepollution increases caused by China’s heavy-industry-oriented industrialization strategy, which government-intervenedimport activities traditionally support.

Mathematical Reasoning of Treatment Principle Based on the Stable Logic Analysis Model of Complex Systems

The article reviews the stable logic analysis model of complex systems or steady multilateral systems with two non-compatibility relations. Energy concept in Physics is introduced to the multilateral systems and used to deal with the multilateral system diseases. By using mathematical reasoning, it is demonstrated that the treatment principle: “Virtual disease is to fill his mother but real disease is to rush down his son” and “Strong inhibition of the same time, support the weak” which due to the “Yin Yang Wu Xing” Theory in Traditional Chinese Medicine (TCM).

Measuring Global Supply Chain Vulnerabilities Using Trade Network Analysis Method

With the trade network analysis method and bilateral country-product level trade data of 2017-2020,this paper reveals the overall characteristics and intrinsic vulnerabilities of China’s global supply chains.Our research finds that first,most global supply-chain-vulnerable products are from technology-intensive sectors.For advanced economies,their supply chain vulnerabilities are primarily exposed to political and economic alliances.In comparison,developing economies are more dependent on regional communities.Second,China has a significant export advantage with over 80%of highly vulnerable intermediate inputs relying on imports of high-end electrical,mechanical and chemical products from advanced economies or their multinational companies.China also relies on developing economies for the import of some resource products.Third,during the trade frictions from 2018 to 2019 and the subsequent COVID-19 pandemic,there was a significant reduction in the supply chain vulnerabilities of China and the US for critical products compared with other products,which reflects a shift in the layout of critical product supply chains to ensure not just efficiency but security.China should address supply chain vulnerabilities by bolstering supply-side weaknesses,diversifying import sources,and promoting international coordination and cooperation.

Empirical Analysis on the Influencing Factors of China’s Total Foreign Trade

On the occasion of the 40th anniversary of reform and opening up, China’s economic growth level has steadily risen and its international status has gradually improved. However, as the global economic downturn, China is facing tremendous challenges and pressures in the international economic and financial markets. The turbulence of foreign trade and international financial markets has put forward greater requirements for the flexibility of China’s financial strategy. Based on the annual data of China’s total foreign trade, exchange rate, commodity retail price index and the proportion of tertiary industry from 2002 to 2017, this paper constructs a multiple regression model to analyze the main influencing factors of China’s total foreign trade. The empirical results show that there is a positive relationship between the commodities retail price index and the total foreign trade, a negative relationship between the proportion of tertiary industry and the total foreign trade, and a positive relationship between the exchange rate of RMB (taking US dollar as an example) and the total foreign trade. On the basis of empirical analysis, the paper puts forward suggestions on relevant financial policies.

Preserving the Ozone Layers: Battling Illegal Trade in Ozone-Depleting Substances

The depletion of the ozone layer, a vital shield protecting the Earth from harmful ultraviolet (UV) radiation, is now a worldwide environmental concern. Human activities, particularly the release of ozone depleting substances (ODS), have led to the thinning of this protective layer over recent decades. Simultaneously, illegal trade has emerged as a global challenge, giving rise to economic issues, losses of tax revenue, heightened criminal activities, health risks, and environmental hazards. The depletion of the ozone layer, a critical shield protecting the Earth from harmful ultraviolet (UV) radiation, has become a global environmental concern. This paper delves into the legal dimensions surrounding ozone-depleting substances (ODS), their impact on the ozone layer, and the subsequent risk of skin cancer. As countries navigate international agreements, domestic regulations, and enforcement mechanisms, the intricate interplay between legal frameworks and the health implications of ozone layer depletion comes to the forefront. The paper highlights particular instances of illegal trade in ozone depleting substances, drawing from data reported by the parties to the Montreal Protocol. Notably, China stands out as a significant source of contraband ODS, with other countries such as Bulgaria, Lithuania, Poland, and France reporting numerous cases. Analyzing these case instances offers insights into the efficacy of legal frameworks and enforcement measures. The paper offers a comprehensive set of recommendations to strengthen global control and enforcement against the illegal trade of ozone depleting substances. These recommendations span diverse aspects such as production monitoring, customs collaboration, mutual verification, cross-border agreements, public-private partnerships, international cooperation, detection equipment, global regulatory standards, resource allocation, public awareness campaigns, alternative substance development, and controlling the trade at its source. By applying these recommendations and enhancing enforcement measures, we aim to protect the ozone layer and create a healthier and safer world for future generations and achieve sustainable development goals.

Influence of Sino-US Agricultural Trade on China’s Total Agricultural Output Value Based on Cointegration Model

According to the data of the total trade of agricultural products between China and the United States from 2009 to 2018 and the general description of agriculture in China,this paper adopts the method of econometric model to make a detailed analysis of the agricultural trade between China and the United States by using cointegration analysis,Granger causality test and error correction model in order to explore the impact of agricultural trade between China and the United States on China’s agricultural development. The results of empirical analysis show that there is a balanced relationship between the trade of agricultural products between China and the United States and the development of agriculture in China. The total trade of agricultural products between China and the United States affects the development of China’s agriculture.In addition,in the short term,if the short-term fluctuation deviates from the long-term equilibrium,then the error correction term will reverse it with strength of 0. 378,so that the non-equilibrium state will gradually return to the equilibrium state.

“两廊一圈”与中国—东盟区域性物流中心建设

The cooperation of“Two Corridors and One Ring”between China and Vietnam is one of the most important components in the construction of China-ASEAN free trade area,in which Guangxi plays a very strategic role.With the“Two Corridors and One Ring”as a cutting point,to build a regional freight center in Guangxi will act as a propelling force to speed up the establishment of the free trade area.

Trade,Power,and Welfare:An International Economic Political Analysis of Great Power Competition

Traditional international trade theories seldom consider the pursuit of power as maintaining and enlarging a country's relative strength in the process of interstate competition.However,in the context of great power competition,the importance of power in the trade between advanced and latecomer countries has become more pronounced.Given this situation,we can establish a tractable and generalized international economic political framework for analyzing great power competition by introducing the power factor into classic two-country trade theory,treating the absolute welfare and relative welfare emphasized by economics and political science respectively as actors'dual objectives,and making use of game theory methods.It can be found that in a two-country game composed of an advanced and a latecomer country,the latter will prefer a strategy of"enhancing its own strength and rectifying its own weak points,"while the former will favor a strategy that""worsens the other's weak points and enhances the other's strengths."Once the technological gap that determines comparative advantage narrows,the advanced country will tend to totally suppress the latecomer and even"decouple"from it.

Unleashing the Power of Multi-Agent Reinforcement Learning for Algorithmic Trading in the Digital Financial Frontier and Enterprise Information Systems

In the rapidly evolving landscape of today’s digital economy,Financial Technology(Fintech)emerges as a trans-formative force,propelled by the dynamic synergy between Artificial Intelligence(AI)and Algorithmic Trading.Our in-depth investigation delves into the intricacies of merging Multi-Agent Reinforcement Learning(MARL)and Explainable AI(XAI)within Fintech,aiming to refine Algorithmic Trading strategies.Through meticulous examination,we uncover the nuanced interactions of AI-driven agents as they collaborate and compete within the financial realm,employing sophisticated deep learning techniques to enhance the clarity and adaptability of trading decisions.These AI-infused Fintech platforms harness collective intelligence to unearth trends,mitigate risks,and provide tailored financial guidance,fostering benefits for individuals and enterprises navigating the digital landscape.Our research holds the potential to revolutionize finance,opening doors to fresh avenues for investment and asset management in the digital age.Additionally,our statistical evaluation yields encouraging results,with metrics such as Accuracy=0.85,Precision=0.88,and F1 Score=0.86,reaffirming the efficacy of our approach within Fintech and emphasizing its reliability and innovative prowess.

A coordinated operation method of wind-PV-hydrogenstorage multi-agent energy system

Wind-photovoltaic(PV)-hydrogen-storage multi-agent energy systems are expected to play an important role in promoting renewable power utilization and decarbonization.In this study,a coordinated operation method was proposed for a wind-PVhydrogen-storage multi-agent energy system.First,a coordinated operation model was formulated for each agent considering peer-to-peer power trading.Second,a coordinated operation interactive framework for a multi-agent energy system was proposed based on the theory of the alternating direction method of multipliers.Third,a distributed interactive algorithm was proposed to protect the privacy of each agent and solve coordinated operation strategies.Finally,the effectiveness of the proposed coordinated operation method was tested on multi-agent energy systems with different structures,and the operational revenues of the wind power,PV,hydrogen,and energy storage agents of the proposed coordinated operation model were improved by approximately 59.19%,233.28%,16.75%,and 145.56%,respectively,compared with the independent operation model.

Production and trade trend of oils and oilseeds in BRICS countries

In order to promote agricultural production and trade cooperation among BRICS countries,and ensure the security and stability of the oils and oilseeds industrial and supply chains in China and the world,the production,consumption,trade trend,and cooperation potential of oils and oilseeds in BRICS countries were expounded,and relevant policy recommendations were put forward.Most of the BRICS countries are major agricultural producers,and they are also important agricultural product consumption markets in the world.In 2023/2024,the production and consumption of oilseeds in BRICS countries account for nearly half of the world's total;the production of vegetable oils exceeds a quarter of the world's total,and the consumption of vegetable oils accounts for 40%of the world's total.In 2023/2024,the import and export volume of oilseeds exceeds half of the world's total;vegetable oil imports account for 40%of the world's total,and exports account for about one tenth of the world's total.China's imports of oilseeds and oils from BRICS countries account for 68%and 29%of its global imports in 2023,respectively.BRICS countries are rich in agricultural land resources,have great potential for oils and oilseeds production,obvious complementary advantages in trade structure,and huge space for future cooperation.It is suggested that Brazil should be included in the"Belt and Road"co-construction category to promote the continuous deepening of agricultural cooperation between China and Brazil.It is suggested to explore regional agricultural trade agreements among BRICS countries,promote currency settlement and exchange among BRICS countries,and enhance the facilitation and stability of BRICS trade.It is suggested that China should increase its investment in BRICS countries and export advanced technology and management experience to benefit local agricultural development and achieve a mutually beneficial and win-win situation.

China’s alfalfa market and imports: Development, trends, and potential impacts of the U.S.-China trade dispute and retaliations

This study examines the development and trends of China’s alfalfa market and imports, identifies key factors for the rapid increase in China’s alfalfa imports, and discusses potential impacts of the U.S.-China trade dispute and retaliations on the alfalfa markets and trade in both nations. China’s rapid transition toward larger-scale commercial dairy production, with enhanced feed and cost management as well as quality and safety control, and its limited resources for high-quality alfalfa production are key factors for the dramatic increase in its alfalfa imports, from 19 601 metric tons in 2008 to 1.38 million metric tons(mmt) in 2018. While the United States dominated China’s alfalfa imports with an average share of 97.01% from 2007 to 2017, the share dropped to 83.76% in 2018 and 63.28% in January 2019 due to the trade dispute and retaliations started in 2018. China will likely remain a large importer of alfalfa because of both its growing demand and the comparative advantages of imported alfalfa in quality and price, but the imports from the United States will be highly affected by the ongoing trade dispute and negotiations. China is also expected to make more efforts to reduce its dependence on U.S. alfalfa through increased investment in domestic alfalfa production and identification of alternative sources of alfalfa and other hay imports.

Optimal Operation Strategy of Electricity-Hydrogen Regional Energy System under Carbon-Electricity Market Trading

Given the“double carbon”objective and the drive toward low-carbon power,investigating the integration and interaction within the carbon-electricity market can enhance renewable energy utilization and facilitate energy conservation and emission reduction endeavors.However,further research is necessary to explore operational optimization methods for establishing a regional energy system using Power-to-Hydrogen(P2H)technology,focusing on participating in combined carbon-electricity market transactions.This study introduces an innovative Electro-Hydrogen Regional Energy System(EHRES)in this context.This system integrates renewable energy sources,a P2H system,cogeneration units,and energy storage devices.The core purpose of this integration is to optimize renewable energy utilization and minimize carbon emissions.This study aims to formulate an optimal operational strategy for EHRES,enabling its dynamic engagement in carbon-electricity market transactions.The initial phase entails establishing the technological framework of the electricity-hydrogen coupling system integrated with P2H.Subsequently,an analysis is conducted to examine the operational mode of EHRES as it participates in carbon-electricity market transactions.Additionally,the system scheduling model includes a stepped carbon trading price mechanism,considering the combined heat and power generation characteristics of the Hydrogen Fuel Cell(HFC).This facilitates the establishment of an optimal operational model for EHRES,aiming to minimize the overall operating cost.The simulation example illustrates that the coordinated operation of EHRES in carbon-electricity market transactions holds the potential to improve renewable energy utilization and reduce the overall system cost.This result carries significant implications for attaining advantages in both low-carbon and economic aspects.