New Economy Companies:Impact of COVID-19 on Valuation

The boom of innovative and new technology-oriented companies that provide products and services to customers in recent years has given rise to a new class of firms called New Economy Companies,or NECs.Accurate valuation of these companies throughout their life cycles can be challenging because most of them have massive amount of debt and have a long history of losses since inception,and their principal assets are mostly intangible with no clear values.Inadvertently,the COVID-19 pandemic has added even more obstacles for valuation providers to determine the value of this new type of companies.This paper examines the characteristics of NECs,valuation methods,and the impact of COVID-19 on the valuation of these companies.

Enlightenment of New Economy on the Development of Chinese Economy

This paper summarizes the features of the new economy in America, and then analyses the differences between the new economy and Chinese economy with trade theories. At the last, this paper concentrates on study of strategies for China to develop economic internationalization.

New Economy Output Accounts for 15.7% of China's GDP

The value-added output of new industries,new types of business and new business models accounted for 15.7% of China’s GDP last year,up 0.4% from2016,the National Bureau of Statistics(NBS)said recently.

Analysis of the Concept and Connotation of the New Economy and Reconstruction of Its Development Path:A Study Based on Chengdu’s Practices

In order to promote the transformation and development of China’s economy and cope with the realistic challenges posed by the global economic recession and slowing domestic economic growth,the Fourth Session of the 12 th National People’s Congress adopted a strategic resolution on developing the "new economy" and fostering new drivers of growth.Chengdu,capital of Sichuan province,is one of the cities in China which firstly begin to carry out the layout of the new economy development.While achieving results,it also faces many troubles due to its insufficient cognition of the connotation,definition,and path of the "new economy." The paper is based on a theoretical study in combination with the new economic development of Chengdu’s five new paths,to analyze the concept and connotation of the "new economy." It also analyzes from the perspective of higher dimensional reconstruction and new strategic path of economic development,in order to add some insights to the theorectical study and to promote better strategic value of the new economy.

Developing a Curriculum System for Engineering Specialties in New Economy

The new economy,featuring new technology,new industry,new business models,and new patterns,has necessitated the development of new requirements for higher engineering education.This paper analyzes the general quality standards of engineering specialists and the way typical universities are responding to new economy worldwide.It also examines how to develop an appropriate curriculum for engineering undergraduates in new economy in terms of curriculum system,organizational teaching,curriculum content,teaching methods,and curriculum evaluation.

The Subscription Economy and Its Contribution to the Global Economy

The subscription economy has become a dominant influence in the current business environment,fundamentally transforming the manner in which organizations interact with customers and create income.This article examines the substantial influence of the subscription economy on the worldwide economy,evaluating its effects on different industries and marketplaces.The research examines relevant literature and case studies to identify the main factors,difficulties,and possibilities related to the subscription economy.Moreover,its objective is to examine the consequences for firms,customers,and economic expansion,elucidating the possibility of continuous value generation and innovation.

Can information confusion caused by the financing model of new economy companies be eliminated?

New economy companies often use convertible and redeemable preferred shares with equity and debt characteristics as financing tools to reduce risk during their early stages of growth.According to relevant accounting standards,such preferred shares should be classified as financial liabilities and measured at fair value,with changes in fair value recognized in profit or loss.This can lead to confusing financial information:the better a company’s development prospects,the higher its redemption or conversion price and loss,which can result in a large negative net asset value.A successful initial public offering,however,could offset large losses and negative net asset value.Following the development of accounting standards,this article thoroughly analyzes various proposals to modify relevant accounting standards and eliminate confusing information.This article also proposes possible problems and solutions as a reference for accounting standard setters and the various stakeholders in new economy companies.

Digital Economy——Economy of the New Millennium

The new digital technologies allow access, storage, and transmission of information increasingly easier and more accessible, so we deal with digital information that can be converted into new economic and social values, creating huge opportunities for developing new products and services. In these conditions we can say that the information is the key resource for the new type of economy--digital economy. The new economy is characterized by the increasing incorporation of knowledge in new products and services, growing the importance of learning and innovation, globalization and sustainable development. In this paper we propose to address this new type of economy, highlighting specific features and main components. Because the digital economy is characterized by a series of procedures that fundamentally changes the relationship between business partners and taxpayers, by introducing a coherent way of cultivating civic awareness, we considered it appropriate to give an overview of them. In view of the global character of this type of economy, we have presented some aspects of the digital economy in the European Union, considering that it could be a possible solution to the economic crisis, issue of new economy based on digital economy, being analyzed in its various aspects by many political factors and various institutions and international organizations. We ended by presenting the most significant trends in the digital economy and a set of conclusions, in which is pointed the role and the importance of this new type of economy.

Digital Engine Powers New Economy

Internet 已成为推动世界经济的强大动力。在美国Internet经济的总额1996年为155亿美元,1997年增加到390亿美元,预计到2001年将猛增至3500亿美元。所以本文作者认为Internet正在推动美国新经济(new economy)时代的到来,并指出与美国的商业部门相比较,美国的政府和教育部门已在Internet经济中落后。尤其是教育。如在过去5年中美国有博士学位的工程师中的1/4来自国外。

NEW HOPES FOR AFRICAN ECONOMY

The majority of African countries won their political independence in the 1960s.Since then,they have been making relentless efforts to develop their economiesand raise their people’s living standards,and have achieved successes in varying de-grees.

The Model of Indirect Pricing Transactions and the New Boundaries of the Sharing Economy

In recent years,the sharing economy has become more prevalent in many lives.While bringing convenience to the public,it has also improved resource efficiency,thus gradually driving economic development.By studying indirect pricing transactions,the authors have discovered a new sort of sharing economics which may be able to resolve the issue presented by intangible assets(such as entrepreneurship)and provide new ideas for addressing social problems.Compared with the traditional sharing economy,this new economic pattern has wider potential utility.The authors hold that their indirect pricing theory establishes the theoretical foundation of new sharing economics,while the model of indirect-pricing transaction extends the boundaries for the existing sharing economy.

Innovative Services Models Based on ＂Four new＂ Economy

The propose of ＂four new＂ economy is to undertake innovation-driven transformation of Shanghai, promote the development of strategic emerging industries and transform and upgrade of manufacturing. In the following years, Shanghai will focus on the capture of key technologies, promoting the transformation of technology, expanding market demand, improving the development of the carrier, encouraging and supporting enterprises, financial institutions and social capital to increase the investment and use of＂four new＂ economy, to promote the ＂four new＂ economy gradually grow and develop. With the ＂four new＂ economy＇s development and growth, its service model should be changed too. On the basis of theory and practice, the text proposes three forms of innovative services models and relate recommendations to promote it.

Analysis on preserving or increasing the value of social security funds under the new normal economy in China

The ＂new normal＂ is the current stage of development of China＇s economy. The ＂new＂ in new normal means different to past; the ＂normal＂ means relatively stable. For a period of time in the future, the decrease of potential growth rate has become an indisputable fact. Social security fund is an important source of funds for the protection of people＇s livelihood, whose every movement often attract much attention. Under the situation of new normal economy, how to ensure the preserving or increasing value of social security funds on the premise of security is the core task in the operations management of social security fund investment. At present, there are some difficulties in the development of the social security funds, such as the management system and operation mechanism are not perfect, some institutional measures have not been fully implemented and the progress of the law and regulations is slow. In this paper, we will put forward some corresponding improvement measures, such as expand the scope of social security fund investment, accelerate the implementation of the nominal account system and strengthen the actuarial management of social security fund.

Orientation of the New Round of Adjustment in World Economy

Athorough-going change in economic development mode is crucial to the solu-tion of the knotty world economy.The world’s trend in the nineties is toseek a“sustainable development”.The year 1992 winessed the convocationof the United Nations Conference on Environment and Development;the UnitedNaitons Population Conference was convened in 1994;and in March 1995,the U-nited Nations World Summit on Social Development was held in Copenhagen.

Special Economic Zones——New growth points in China's economy

It was approved by the State Council in1984 to establish economic andtechnological development zones in 14coastal port cities to function as windows forthose cities to attract foreign investment,introduce advanced technology andmanagement methods and expand the export-oriented economy. Since 1992, 18 otherdevelopment zones have been approved bythe Council, increasing the number of suchzones to 32.