Policy transfer and scale reconstruction of China’s overseas industrial parks:A case study of the Malaysia-China Kuantan Industrial Park

As an innovative mode of China's foreign direct investment, China's overseas industrial parks are not only the main content of the Belt and Road Initiative(BRI) but also the practical carrier of policy transfer. However, most of the academic literature on the policy transfer of overseas industrial parks has regarded the host country as a passive learner and seldom considers the two-way interactions between the host country and the home country. Using the Malaysia-China Kuantan Industrial Park(MCKIP) and the "Two Countries, Twin Parks" model as case studies, we discuss the applicability and innovative development of the policy transfer theory of China's overseas industrial parks under the background of BRI. This article systematically analyzes the developmental background of the MCKIP and the cooperative framework between the governments. We consider the problems encountered in the policy transfer process and the solutions, as well as the two-way interactions between China and Malaysia in terms of the flow of people, logistics, capital, information, and technology. The study sheds light on the construction of the "Two Countries, Twin Parks" overseas industrial park.

Will the State-owned Capital Transfer Policy Enhance the Sustainability of the Urban Employee Basic Pension Insurance Fund in China?

To analyze the efect of the state-owned capital transfer policy on the sustainability of China's urban employee basic pension insurance fund(CUEBPIF),this study develops an actuarial model for pension insurance.The results reveal the following:(i)Without policy intervention,the CUEBPIF would face a deficit in 2027 and a cumulative shortfall of RMB207.44 trillion by 2050,and the proportion of fiscal subsidies for the CUEBPIF in the total fiscal expenditure would increase to 12.86 percent in 2050.(i)Based on a delayed retirement policy,the transfer of 10 percent of state-owned capital can delay the onset of the fund deficit by 6 years,and the accumulated shortfall in 2050 would fall to RMB39.42 trillion,and the proportion of fiscal subsidies would decrease by I1.77 percentage points.(ii)The state-owned capital transfer policy can improve the sustainability of the CUEBPIF and reduce the burden of enterprise social security contributions when the transfer ratio increases to 20 percent.

NEW POLICIES PROMOTE TECHNOLOGY TRANSFER

The Chinese government issued a regulation on promoting the transformation of R&D results recently. The new policies, which were jointly formulated by seven governmental departments, are aimed at further encouraging China’s scientists to commercialize their R&D results, set up new hi-tech business and speed up the process of China’s hi-tech industrialization.

Practical Challenges in Comparing Chinese and American Local Government

Parts of China are an advanced industrial society with excellent public transportation, universities, industry, and other modern features; while other parts （geographically and functionally） remain a developing nation. For China, to build a stronger and more equitable society requires much work to develop governance at the local level. In pursuit of this goal, China actively seeks to learn lessons from abroad, including from American local government. This article examines the similarities and differences between these two nations and their systems of government toward the end of identifying potential challenges to Chinese efforts to learn from American-style local governance. This is grounded in policy transfer theory, which guides the discussion of how to learn from other jurisdictions--from other jurisdictions within the nation, from other points in time within the nation, and from other nations. Perhaps the ultimate questions are, ＂Should China continue efforts to learn from external models or focus its energy internally？＂ and ＂Does China need a more clearly defined governance model rather than its current approach that simultaneously allows and questions a high degree of decentralization （both within the party and the government）？＂ This paper seeks to add to that intellectual discourse by applying recent data and a conceptual framework.

Variegated transnational partnerships:Multi-scalar actor networks in China’s overseas industrial parks

The development of overseas industrial parks is a key component of the Belt and Road Initiative and a practical way of promoting inclusive globalization by introducing new forms of cooperation between China and the host countries. In this paper, the Thai-Chinese Rayong Industrial Zone(TCRIZ), and the China-Indonesia Economic and Trade Cooperation Zone(KITIC) are discussed in the context of the evolving development strategies and trajectories through three interrelated conceptual lenses – policy mobility, actor networks, and partnerships. The actor-network theory provides a lens to analyze how policy mobility and partnerships develop for two industrial zone case studies. The development, which involves a multi-scalar process, is shaped by the interactions among the national states, the regional governments and corporations against a background of globalization. Three types of transnational actor partnership networks have been identified, namely, hierarchical partnership, spontaneous partnership, and hybrid partnership. A highlight of the study is the role that the partnerships play in the process of policy mobility when it comes to the overseas industrial zones. It is argued that the partnerships are the key to achieving technology transfer on a cross-national basis, and the effectiveness of the technology transfer is dependent on partner selection and the roles of the actors in policy mobility.

The Development of China’s Electronics Industry: Causes and Constraints

The development of China’s electronics industry can be attributed to supportive governmentpolicies, strong domestic market demand and the opportunities provided by the internationaltransfer of technology in the electronic manufacturing sector. China’s enterprises can onlycontinue to develop through technological upgrading due to the lack of core technologiesof their own. Since this process is still ongoing, China has not become a competitive countryin the field of electronic technology. As a country in transition, government initiatives designedto encourage the development of the electronics industry have also undergone changes inline with economic institutional reform. Direct government intervention policies have beengradually replaced by indirect regulatory policies and the market is playing a more andmore important role in the electronics industry.