China Encourages Private Investment into Energy Sector

China encourages private capital entering the energy sector as part of the efforts to promote the sector’s market-oriented reform.The reform is expected to'give full play to the fundamental role of the market in allocating resources',according to the white paper on China’s energy policy released recently by the Information Office of the State Council.

China Stresses Private,Quality Investment in Northeast Revival Plan

A multibillion-dollar plan to boost Northeast China’s flagging economy will not just use state funds,but also use private capital to invest.The three-year revival plan is not wholly funded by the state and is not a government'blood transfusion',an official with

Analysis on the Effect of Government Investment on Private Investment in Western China——Take Province A as an Example

Since China began reforming and opening up its economy,and especially since the launch of development projects in western China,province A has attracted an increasing amount of investment,which is the main driving force for provincial economic growth.Hence,this study uses a state space model to examine how government investment has affected economic growth in province A in western China,and explains whether there is a crowding-in effect or a crowding-out effect of local government investment on private investment.The findings indicate that both government and private investments have a positive,stimulating influence on economic growth in province A,with the latter being more impactful than the former.Productive and non-productive investments have different effects on province A’s economic growth.From the perspective of the trajectory of government investment elasticity,the elasticity of government and private investments in province A presents a very large spatio-temporal change.That is,from 1994 to 2009,government investment in province A had a crowding-in effect on private investment,but from 2010 to 2017,a crowding-out effect was observed.

Power Tariff Reform and Energy Constraint in China

Power tariff reform and power restructuring should be coordinately advanced. In the period of the power tariff reform, attention should be fully given to possible demand growth, investment characteristics and environment pressure when taking transitional measures. In the stage, focal point of the reform is to establish a rational system of sales price to power network. Moreover, it is necessary to raise the electricity price for household consumption. The highly-centralized system of state-owned power enterprises is the root-cause of some basic problems in the power industry. The system would cause a great power overproduction, squeeze out private and foreign investment and constrain efficiency improvement. Effective energy strategy and security. China needs a state-class energy administration body and planning are a crux of dealing with crises of energy security. China needs a state-class energy administration body and should make massive research on energy economics.

Does Life Expectancy Affect Private Educational Investment in China?

In this paper, we emphasize the interactive effect between life expectancy and human capital accumulation, and test the positive feedback of longevity to educational investment in China. This is very important for understanding the pressure from the aging population and the increase in private educational investment in China. We first show in an extended human eapital investment model that life expectancy growth acts as a driving force for educational investment. We then build a difference-in-difference-in-differences empirieal framework and use cross-province data to examine the effect in China. We use the maternal mortality rate （MMR） to identify the difference in life expectancy between genders, and the illiteracy rate or average years of education by gender for educational investment. The empirical results comply with the theory, in that increases in life expectancy significantly lower illiteracy rates and improve the average schooling years in China. This content of the present paper is closely related to crucial issues like population aging, human capital accumulation and gender discrimination. Policy implications are discussed based on the empirical results.

Private Investment Should Be Encouraged

The Chinese GDP grew 7.9 percent in the second quarter of this year, a much better-than-expected achievement that surprised many economists, as the world economy has not totally recovered. Su Zhenhua, a researcher at the Shanghai Institute of Finance and Law, reminded the government not to be blinded by the good-looking GDP numbers but to instead focus more on structural readjustment An article of Su was published in the Shanghai Morning Post. Edited excerpts follow.

Invigorating Private Investment

Chinese Premier Wen Jiabao set in motion the policies and measures to encourage and guide the sound development of private investment at an executive meeting of the State Council on March 24. While aimed at improving the overall private investment environment, these measures will help promote China’s economic restructuring and maintain its growth momentum, said Sun Lijian,a professor of finance at Fudan University in Shanghai, in an article for Shanghai Securities News.Edited excerpts follow:

Bringing up Private Investment

The Chinese Government promises private investors a bigger role in the country’s booming industry sector Encouraging and guiding healthy development of private investment was at the forefront of the State Council’s latest measures to invigorate the private sector.

Next Investment Spree Venture capitalists and private investors target China’s clean technology, medical and 3G services markets

chinese economic growth accelerated in the second quarter of this year as a massive stimulus package paid off. Accordingly,

The policy of private enterprises to invest overseas released

To implement the "A number of opinions from the State Council to encourage and guide private investment in the healthy development "(Guo Fa [2010] No.13),give full play to the important role of