Pathway-dependency of Chinese Financial System Transition and Financing Difficulties of Private Business

Under the present situation of dramatic change of the national income distribution pattern, the dominant economy of our progressive reform has made a rapid change from the past government-direct-financing type to the present bank-indirect-financing type. In order to replace the function of government- investment in the state-owned economy, the direct and indirect financing channel of the process of our financial system transition has an obvious preference for its ownership system, and the small and medium-sized financial institutions matching with private business are in a weak state due to the constraints of system supply, these two factors result in the extreme asymmetric between the financial structure and economical structure. A major part of the financial resources are invested in those inefficient state-owned business, which involve the Private business into a difficult position of financing, and the whole financial system transition moves towards the factual pathway-dependency due to the system defect, accordingly the finance resources allocation enter into a system lock state with rather low efficiency, so it calls for some related system innovation to correct its pathway derivation.

Metallogenic Effect of Transition of Tectonic Dynamic System

Tectonic dynamic system transition, one of the main factors in metallogenesis, controls metallogenic fluid movement and ore body location in orefields and on an ore deposit scale (mainly in the continental tectonic setting), and even the formation and distribution of large-scale deposit clusters. Tectonic dynamic system transition can be classified as the spacious difference of the tectonic dynamic system in various geological units and the temporal alteration of different tectonic dynamic systems. The former results in outburst of mineralization, while the latter leads to the metallogenic diversity. Both of them are the main contents of metallogenic effect of tectonic dynamic system transition, that is, the alteration of dynamic system, the occurrence of mineralization, and the difference of regional tectonic dynamic system and metallogenic diversity. Generally speaking, the coupling of spatial difference of tectonic dynamic system and its successive alternation controlled the tempo-spatial evolution regularity of mineralization on a larger scale. In addition, the analysis of mineralization factors and processes of typical ore deposits proved that the changes of tectonic stress field, the direct appearance of tectonic dynamic system transition, may lead to the accident of mineralization physical-chemical field and the corresponding accidental interfaces were always located at ore bodies.

Power system decarbonization pathway of China

Under the pressure of environmental issues,decarbonization of the entire energy system has emerged as a prevalent strategy worldwide.The evolution of China’s power system will increasingly emphasize the integration of variable renewable energy(VRE).However,the rapid growth of VRE will pose substantial challenges to the power system,highlighting the importance of power system planning.This letter introduces Grid Optimal Planning Tool(GOPT),a planning tool,and presents the key findings of our research utilizing GOPT to analyze the transition pathway of China’s power system towards dual carbon goals.Furthermore,the letter offers insights into key technologies essential for driving the future transition of China’s power system.