Development zones(DZs)have emerged as a significant policy initiative for promoting regional coordination and facilitating resources allocation.They serve as an organizational framework for fostering industrial agglom...Development zones(DZs)have emerged as a significant policy initiative for promoting regional coordination and facilitating resources allocation.They serve as an organizational framework for fostering industrial agglomeration and driving high-quality development.DZs attract and accommodate resource factors,firms,and projects,thereby functioning as a central catalyst for economic growth.This study utilizes data collected at the“DZ,City and Countrycountry”levels through manual compilation,textual analysis,and innovation measurement.It aims to empirically examine the theoretical rationale and practical preferences for promoting business and investment in China’s DZs.This study considers several factors such as industry attribute,firm attribute,agglomeration theory,and industrial chain layout.Based on our research findings,DZs exhibit distinct preferences.First,industry attribute:DZs align with both national and regional strategic planning and adhere to the industrial endowments of the respective areas.Second,firm attribute:DZs prioritize attracting firms that are productive and innovative,and have an international presence,rather than those that primarily contribute to taxes and job creation.Third,DZs are guided by the agglomeration theory,which suggests that they prefer firms that generate strong agglomeration externalities.Lastly,DZs also consider the industrial chain layout,aiming to attract firms that not only align with their existing industrial strengths but also extend to the upstream and downstream supply chain links.These conclusions are substantiated by the performance of robustness test.The success of DZs in China can be attributed to the five key principles:Adherence to national and regional strategic planning,prioritizing the actual industrial foundation,incorporating the theory of agglomeration externalities,strengthening corporate competitiveness,and expanding industrial chains.展开更多
FIRST CHAPTER As I was working as an investment promotion director for many years in an investment promotion board and an administrative committee of APEC Science and Technology Industrial Zone,along with my colleague...FIRST CHAPTER As I was working as an investment promotion director for many years in an investment promotion board and an administrative committee of APEC Science and Technology Industrial Zone,along with my colleagues,we have developed over 150 joint ventures and WOFEs(wholly Owned展开更多
Since the start of the reform and openingdrive, foreign trade and economiccooperation in Shaanxi Province hasmade significant progress. By the end of1995, the province had approved theimplementation of 2,313 items uti...Since the start of the reform and openingdrive, foreign trade and economiccooperation in Shaanxi Province hasmade significant progress. By the end of1995, the province had approved theimplementation of 2,313 items utilizing foreigninvestment, with total investment value ofUS＄6.771 billion, contractual foreigninvestment value of US＄4.94 billion, actualutilization of foreign investment of US＄2.118billion, accounting for 42.9 percent of thecontractual foreign investment value. InJanuary-April 1996, the province approved106 items of foreign direct investment, withtotal investment of US＄308 million,contractual foreign investment of US＄220million and actual utilization of foreigninvestment of US＄116 million.展开更多
How do you pick stocks in China? Which sectors in the Ashare market have the greatest investment potential? What problems would China's stock market face if the economy contracts? These are questions Xinhua Financ...How do you pick stocks in China? Which sectors in the Ashare market have the greatest investment potential? What problems would China's stock market face if the economy contracts? These are questions Xinhua Finance's Money Journal recently put to the man responsible for Franklin Templeton Investments' fund management business in China,India and Brazil. Stephen H. Dover, Managing Director and International Chief Investment Officer for Franklin Templeton Advisors, the largest listed fund management company in...展开更多
Among Chinese men who wear suits and shirts, few are unfamiliar with Youngor, one of the most famous garment brands in China. When it was founded in 1979, the Youngor Group, based in Ningbo, Zhejiang Province, was jus...Among Chinese men who wear suits and shirts, few are unfamiliar with Youngor, one of the most famous garment brands in China. When it was founded in 1979, the Youngor Group, based in Ningbo, Zhejiang Province, was just a private factory with a few hundred workers. Now it has grown into a leading company in China's garment industry, with more than 20,000 employees and net assets of over 5 billion yuan. It ranks 144th among China's top 500 enterprises. Zhong Leiming, Chief Supervisor of the group, and Yu Cheng, Manager of the Publicity Department, discussed the company's operating strategy in a recent interview with Beijing Review.展开更多
基金sponsored by the General Project of the National Natural Science Foundation of China(NSFC)(72073093)the General Project of the Scientific Research Fund of Renmin University of China(21XNA008)the Key Project of the National Social Science Fund of China(NSSFC)(20&ZD118).
文摘Development zones(DZs)have emerged as a significant policy initiative for promoting regional coordination and facilitating resources allocation.They serve as an organizational framework for fostering industrial agglomeration and driving high-quality development.DZs attract and accommodate resource factors,firms,and projects,thereby functioning as a central catalyst for economic growth.This study utilizes data collected at the“DZ,City and Countrycountry”levels through manual compilation,textual analysis,and innovation measurement.It aims to empirically examine the theoretical rationale and practical preferences for promoting business and investment in China’s DZs.This study considers several factors such as industry attribute,firm attribute,agglomeration theory,and industrial chain layout.Based on our research findings,DZs exhibit distinct preferences.First,industry attribute:DZs align with both national and regional strategic planning and adhere to the industrial endowments of the respective areas.Second,firm attribute:DZs prioritize attracting firms that are productive and innovative,and have an international presence,rather than those that primarily contribute to taxes and job creation.Third,DZs are guided by the agglomeration theory,which suggests that they prefer firms that generate strong agglomeration externalities.Lastly,DZs also consider the industrial chain layout,aiming to attract firms that not only align with their existing industrial strengths but also extend to the upstream and downstream supply chain links.These conclusions are substantiated by the performance of robustness test.The success of DZs in China can be attributed to the five key principles:Adherence to national and regional strategic planning,prioritizing the actual industrial foundation,incorporating the theory of agglomeration externalities,strengthening corporate competitiveness,and expanding industrial chains.
文摘FIRST CHAPTER As I was working as an investment promotion director for many years in an investment promotion board and an administrative committee of APEC Science and Technology Industrial Zone,along with my colleagues,we have developed over 150 joint ventures and WOFEs(wholly Owned
文摘Since the start of the reform and openingdrive, foreign trade and economiccooperation in Shaanxi Province hasmade significant progress. By the end of1995, the province had approved theimplementation of 2,313 items utilizing foreigninvestment, with total investment value ofUS＄6.771 billion, contractual foreigninvestment value of US＄4.94 billion, actualutilization of foreign investment of US＄2.118billion, accounting for 42.9 percent of thecontractual foreign investment value. InJanuary-April 1996, the province approved106 items of foreign direct investment, withtotal investment of US＄308 million,contractual foreign investment of US＄220million and actual utilization of foreigninvestment of US＄116 million.
文摘How do you pick stocks in China? Which sectors in the Ashare market have the greatest investment potential? What problems would China's stock market face if the economy contracts? These are questions Xinhua Finance's Money Journal recently put to the man responsible for Franklin Templeton Investments' fund management business in China,India and Brazil. Stephen H. Dover, Managing Director and International Chief Investment Officer for Franklin Templeton Advisors, the largest listed fund management company in...
文摘Among Chinese men who wear suits and shirts, few are unfamiliar with Youngor, one of the most famous garment brands in China. When it was founded in 1979, the Youngor Group, based in Ningbo, Zhejiang Province, was just a private factory with a few hundred workers. Now it has grown into a leading company in China's garment industry, with more than 20,000 employees and net assets of over 5 billion yuan. It ranks 144th among China's top 500 enterprises. Zhong Leiming, Chief Supervisor of the group, and Yu Cheng, Manager of the Publicity Department, discussed the company's operating strategy in a recent interview with Beijing Review.
