IN order to keep to promisesmade during negotiations to jointhe WTO, as from April 1,2002, the Chinese governmentbegan implementing the revised"Catalogue of Industries for ForeignInvestment" and its appendix.
THE non-public economy has played an important role in China’s economic reforms over the past two decades, bringing about great changes to the economy and soci-
The Third Plenary Session of the 18th CPC Central Committee ushered in a new chapter of China＇s comprehensive deepening of reform. The basic objective of comprehensively deepening reform of the state sector of econom...The Third Plenary Session of the 18th CPC Central Committee ushered in a new chapter of China＇s comprehensive deepening of reform. The basic objective of comprehensively deepening reform of the state sector of economy in the new chapter is to fully integrate this sector with a sophisticated market economic system with the market playing the decisive role in resource allocation. In order to achieve this objective, China is confronted with the four major priorities of adjusting the functions and layout of the state sector of economy according to national mandates, expediting the mixed ownership reform, creating a classified and multi- tiered new system for the administration of the sector, and developing a modern corporate system for SOEs to ensure an efficient micro-level governance mechanism for the sector. （1） The functions of the different types of SOEs should be accurately defined and SOEs should be divided into the three types of public policy SOEs, functional SOEs, and commercial SOEs. This classification forms the premises for reforming the state sector of economy. Based on the functions of the three types of SOEs, the directions and emphases for strategic adjustment should differ as well. （2） The mixed ownership reform should adhere to the methodological principles of combining top-down and bottom-up approaches, implementing pilot programs, and promoting coordinated progress. Practical implementation should ensure fair and standard reform procedures, reform programs consistent with laws and regulations, open and fair equity transfers, as well as fair and transparent internal distributions. The mixed ownership reform of SOEs should introduce the employee stock ownership system and adhere to the principles of compatible incentives, shared growth, and long-term development. Monopolistic sectors should be transformed into competitive market structures to create conditions for the implementation of mixed ownership for SOEs. （3） The new system for the administration of the state sector of economy should comprise three hierarchies： the Commission for the Administration of State Economy at the top level, state capital operation companies or state capital investment companies at the intermediate level and general for-profit enterprises at the bottom level, which administer public policy, functional SOEs, and commercial SOEs respectively. （4） Under the new system for the administration of the state sector of economy characterized by the three hierarchies and categories, the key for perfecting the modern corporate system of SOEs is to establish a differentiated, classified governance mechanism, i.e., different corporate governance mechanisms should be created for SOEs of different functions and roles.展开更多
As in the other countries around the world, banking systems in Eurasian economies, comprised of Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, were adversely af...As in the other countries around the world, banking systems in Eurasian economies, comprised of Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, were adversely affected by the 2008 global crisis. A common challenge across most economies is to revive private-sector credit growth. Compared with the high increases of 80 percent in the period immediately prior to the crisis, credit growth has slowed sharply and even turned negative in real terms in a number of economies. Governments in many countries have taken measures to address banking sector stress. The measures for restoring credit growth and thus a high economic growth will be discussed in a part of our work. In the short run, such measures include aiding banks to repair balance sheets and also providing liquidity. In the medium term, measures should promote de-dollarization and the development of local debt markets.展开更多
This article aims to analyze how the textile industry in Ceará relates to other economic sectors, in the context of a Circular Economy. A multi-case study was carried out with semi-structured interviews with the ...This article aims to analyze how the textile industry in Ceará relates to other economic sectors, in the context of a Circular Economy. A multi-case study was carried out with semi-structured interviews with the managers of the textile industries in Ceará registered with the Union of the textile industry in Ceará, in addition to a survey of articles in the Scopus database, considering the keywords “Circular Economy” and “Textile”. The managers interviewed reported that they practice sustainability actions that relate to the concepts of Circular Economy, even though they do not have knowledge on the topic.展开更多
Both the labor shortage that began in 2000 and the wave of migrant workers returning to the countryside in 2009 sparked intense debates among scholars about whether China had reached the Lewis turning point. Based on ...Both the labor shortage that began in 2000 and the wave of migrant workers returning to the countryside in 2009 sparked intense debates among scholars about whether China had reached the Lewis turning point. Based on agricultural economics and the dual-sector model the author conducted an empirical analysis and arrived at the followingfive conclusions. First, the dual economy is structured differently among agricultural industrial sectors and regions. Second, surplus labor still exists in the backyard stockbreeding sector （hogs, beef cattle, sheep, and dairy cattle）, implying that it has still not passed the first turning point. Third, the sector of production of staple food grains and minor cereals has passed the shortage point, but is still far from the commercialization point. Fourth, cash crop production has passed out of the subsistence sector into the capitalist sector. Fifth, regional differences are stark. the majority of China＇s eastern region is either approaching or has surpassed the commercialization point, whereas the central and western regions have not.展开更多
China is setting out on a new journey of building a modern socialist country in all respects after achieving moderate prosperity.Modern services are an important part of China’s economy,underpinning China’s developm...China is setting out on a new journey of building a modern socialist country in all respects after achieving moderate prosperity.Modern services are an important part of China’s economy,underpinning China’s development towards a great modern socialist country.Globalization,industrial development,urbanization,innovation and income growth will drive China’s service sector development.By 2035,the service sector will account for 60.98%and 59.12%of total value-added and employment,respectively,and labor productivity in the service sector will rise from 145,500 yuan/person in 2019 to 282,300 yuan/person.The Fifth Plenum of the 19th CPC Central Committee called for“basically achieving the vision of socialist modernization by 2035.”According to the CPC Central Committee’s overall arrangements for the 2035 vision,we must identify a clear strategic position and tasks for the development of modern services as a key element of the modern industrial system,enhance service sector competitiveness,and achieve service sector modernization.To achieve this strategic goal,we must promote digitalized,intelligent,platform-based,standardized,and quality-oriented service sector development.We must give play to the decisive role of the market and the macro-regulatory role of the government in spurring service innovation,industry integration and clustering,and service sector reform and openness.展开更多
The paper presents a method of life cycle assessment （LCA） to determine the impact of the electricity produced on the environment. To determine the environmental burdens and benefits the LCA technique is used, metho...The paper presents a method of life cycle assessment （LCA） to determine the impact of the electricity produced on the environment. To determine the environmental burdens and benefits the LCA technique is used, methodologically based on ISO 14040 series. In addition, the usefulness of this method to assess the energy sector has been shown. To evaluate the process, SimaPro software and the method of Eco Indicator 99 were used, which allows to get the results of the burden and benefit with taking into account three categories of damages： ecosystem quality, human health, and raw materials. This paper presents the impact of electricity generation on the environment in coal power plants. The article also points to the directions of the Polish energy sector and pointed to the need to determine the environmental risks associated with the production of energy. A detailed analysis by the method of LCA is made to compare the environmental impact of electricity generation in the Lagisza Power Plant and Turdw Power Plant. It is pointed to the difference in the results obtained. Moreover, the causes of the reported environmental impacts are discussed. Measures are identified which will help to reduce in the future the impact of the electricity produced on the environment during the production of electricity.展开更多
On the international levels, funding has a wide importance in the sense that it is vehemently regarded as something that attracts both the developed countries and the developing countries. This is considered as the fo...On the international levels, funding has a wide importance in the sense that it is vehemently regarded as something that attracts both the developed countries and the developing countries. This is considered as the focal point of economy and economic activities. This is because of the fact that any economy can not continue without funding. This leads to a great care by institutions and governments as well as any social, political, and economic activity. The funding policy is regarded as one of the most important and active methods in having and preparing strategies that aim at having total control on private and public f＇mancial resources throughout financial activities to refresh the Palestinian economy. Due to the sensitivity of the current conditions, funding has a very important position and role. The deprivation stages the Palestirtian people have witnessed led to lack of Palestinian rights to build national institutions and bodies that are able to adopt social and economic policies that aim at having development as well as enabling the Palestinian entire society members to face both internal and external challenges and vice versa. There is vacuum of having an independent Palestinian state after 1967. There is a strict political s~,stem of lawful individuals and political domination, imposing by an Israeli military occupation to control and rule, controlling all Palestinian life to destroy the Palestinian economy and to distort the system without any lawful and constitutional independence. During the occupation period, the Palestinians lived under a lawful and managerial military power that destroys productivity paving the way to expel Palestinians out of their home which did not enable Palestinians to have their own social policies. The Palestinian national authority, ever since its rule, started to have a rehabilitation of its economic policies within a strategic plan that ensures economic development, stability, and geographical continuation amongst Palestinian resources control in a way that supports the Palestinian economy. That builds Palestinian policies to have economic development and improvement of general performance to develop, complete, and unify law and constitution. This also aims at Palestinian society development in terms of economy giving future hopes for Palestinians to have international development projects in the sense that any Palestinian strategy quickly faces lack of fund and therefore consequently everything is put to an end. The possibility of this study is to strengthen and stimulat the direct foreign investment as an alternative of the internal funding. Moreover, this study will investigate how to achieve an increase efficiency of investment and the national funding resources that generate income. The study＇s methodology is, descriptive analytical approach which has been applied because it matches the nature of this study. To answer study questions ＂What is the funding strategy followed by the Palestinian authority to develop the national economy？＂, confirmation is made that there are no funding strategies applied by the Palestinian authority to create funding mechanisms for development of national economy. This is not helpful for the national economy.展开更多
Abstract： Contractual savings scheme is specific purpose saving, which was provided in Slovakia since 1993. It is a state-supported saving, the purpose of which is to finance housing needs in the Slovak Republic. Sav...Abstract： Contractual savings scheme is specific purpose saving, which was provided in Slovakia since 1993. It is a state-supported saving, the purpose of which is to finance housing needs in the Slovak Republic. Savers can be an individual, association of owners or legal person who enters into a contract with building society or for whom the contract about contractual savings scheme is concluded. State bonuses is contractual savings scheme, a significantly more attractive form of targeted saving. This ensures the supply of investment in the construction sector, which in turn through multiplier effect significantly affects other sectors of the national economy. In this article, the authors deal with the influence of contractual savings scheme to the national economy of the Slovak Republic. The main objective of this study is describing the effectiveness of state bonuses for contractual savings scheme. It is simulated through the impact of contractual savings scheme on employment, on public funds and impact on public finances. This effect is illustrated on a model of state subsidizing of each one Euro spent through the state bonuses for contractual savings scheme and its impact for the national economy with offsetting the significant role of the multiplier effect.展开更多
This paper suggests that a new approach should be taken for the development of China＇s service sector. Priorities for this include： appropriate objectives for service sector development, enhanced functionality, inte...This paper suggests that a new approach should be taken for the development of China＇s service sector. Priorities for this include： appropriate objectives for service sector development, enhanced functionality, integrated development between manufacturing and services, improved regional layout of the service sector, and the emergence of reputable brands and leading enterprises. Well-designed and effective industrial policies, as well as calls for major breakthroughs in institutional mechanisms, must support the development of the service sector. Additionally, excessive burdens and difficult financing channels need to be addressed. More attention should be paid to the construction of the credit system, service standardization, and service statistical accounting as element tasks.展开更多
Chinese Banks to Issue Large-denomination Certificates of Deposit The People’s Bank of China,the country’s central bank,issued a provisional regulation on June 2 that allows financial institutions to issue large-den...Chinese Banks to Issue Large-denomination Certificates of Deposit The People’s Bank of China,the country’s central bank,issued a provisional regulation on June 2 that allows financial institutions to issue large-denomination certificates of deposit(CD),giving banks more freedom in pricing interest rates.Individual investors can buy certificates of deposit worth at least RMB 300,000 and institutional investors at least RMB 10 million’s worth.展开更多
文摘IN order to keep to promisesmade during negotiations to jointhe WTO, as from April 1,2002, the Chinese governmentbegan implementing the revised"Catalogue of Industries for ForeignInvestment" and its appendix.
文摘THE non-public economy has played an important role in China’s economic reforms over the past two decades, bringing about great changes to the economy and soci-
文摘The Third Plenary Session of the 18th CPC Central Committee ushered in a new chapter of China＇s comprehensive deepening of reform. The basic objective of comprehensively deepening reform of the state sector of economy in the new chapter is to fully integrate this sector with a sophisticated market economic system with the market playing the decisive role in resource allocation. In order to achieve this objective, China is confronted with the four major priorities of adjusting the functions and layout of the state sector of economy according to national mandates, expediting the mixed ownership reform, creating a classified and multi- tiered new system for the administration of the sector, and developing a modern corporate system for SOEs to ensure an efficient micro-level governance mechanism for the sector. （1） The functions of the different types of SOEs should be accurately defined and SOEs should be divided into the three types of public policy SOEs, functional SOEs, and commercial SOEs. This classification forms the premises for reforming the state sector of economy. Based on the functions of the three types of SOEs, the directions and emphases for strategic adjustment should differ as well. （2） The mixed ownership reform should adhere to the methodological principles of combining top-down and bottom-up approaches, implementing pilot programs, and promoting coordinated progress. Practical implementation should ensure fair and standard reform procedures, reform programs consistent with laws and regulations, open and fair equity transfers, as well as fair and transparent internal distributions. The mixed ownership reform of SOEs should introduce the employee stock ownership system and adhere to the principles of compatible incentives, shared growth, and long-term development. Monopolistic sectors should be transformed into competitive market structures to create conditions for the implementation of mixed ownership for SOEs. （3） The new system for the administration of the state sector of economy should comprise three hierarchies： the Commission for the Administration of State Economy at the top level, state capital operation companies or state capital investment companies at the intermediate level and general for-profit enterprises at the bottom level, which administer public policy, functional SOEs, and commercial SOEs respectively. （4） Under the new system for the administration of the state sector of economy characterized by the three hierarchies and categories, the key for perfecting the modern corporate system of SOEs is to establish a differentiated, classified governance mechanism, i.e., different corporate governance mechanisms should be created for SOEs of different functions and roles.
文摘As in the other countries around the world, banking systems in Eurasian economies, comprised of Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan, were adversely affected by the 2008 global crisis. A common challenge across most economies is to revive private-sector credit growth. Compared with the high increases of 80 percent in the period immediately prior to the crisis, credit growth has slowed sharply and even turned negative in real terms in a number of economies. Governments in many countries have taken measures to address banking sector stress. The measures for restoring credit growth and thus a high economic growth will be discussed in a part of our work. In the short run, such measures include aiding banks to repair balance sheets and also providing liquidity. In the medium term, measures should promote de-dollarization and the development of local debt markets.
文摘This article aims to analyze how the textile industry in Ceará relates to other economic sectors, in the context of a Circular Economy. A multi-case study was carried out with semi-structured interviews with the managers of the textile industries in Ceará registered with the Union of the textile industry in Ceará, in addition to a survey of articles in the Scopus database, considering the keywords “Circular Economy” and “Textile”. The managers interviewed reported that they practice sustainability actions that relate to the concepts of Circular Economy, even though they do not have knowledge on the topic.
文摘Both the labor shortage that began in 2000 and the wave of migrant workers returning to the countryside in 2009 sparked intense debates among scholars about whether China had reached the Lewis turning point. Based on agricultural economics and the dual-sector model the author conducted an empirical analysis and arrived at the followingfive conclusions. First, the dual economy is structured differently among agricultural industrial sectors and regions. Second, surplus labor still exists in the backyard stockbreeding sector （hogs, beef cattle, sheep, and dairy cattle）, implying that it has still not passed the first turning point. Third, the sector of production of staple food grains and minor cereals has passed the shortage point, but is still far from the commercialization point. Fourth, cash crop production has passed out of the subsistence sector into the capitalist sector. Fifth, regional differences are stark. the majority of China＇s eastern region is either approaching or has surpassed the commercialization point, whereas the central and western regions have not.
文摘China is setting out on a new journey of building a modern socialist country in all respects after achieving moderate prosperity.Modern services are an important part of China’s economy,underpinning China’s development towards a great modern socialist country.Globalization,industrial development,urbanization,innovation and income growth will drive China’s service sector development.By 2035,the service sector will account for 60.98%and 59.12%of total value-added and employment,respectively,and labor productivity in the service sector will rise from 145,500 yuan/person in 2019 to 282,300 yuan/person.The Fifth Plenum of the 19th CPC Central Committee called for“basically achieving the vision of socialist modernization by 2035.”According to the CPC Central Committee’s overall arrangements for the 2035 vision,we must identify a clear strategic position and tasks for the development of modern services as a key element of the modern industrial system,enhance service sector competitiveness,and achieve service sector modernization.To achieve this strategic goal,we must promote digitalized,intelligent,platform-based,standardized,and quality-oriented service sector development.We must give play to the decisive role of the market and the macro-regulatory role of the government in spurring service innovation,industry integration and clustering,and service sector reform and openness.
文摘The paper presents a method of life cycle assessment （LCA） to determine the impact of the electricity produced on the environment. To determine the environmental burdens and benefits the LCA technique is used, methodologically based on ISO 14040 series. In addition, the usefulness of this method to assess the energy sector has been shown. To evaluate the process, SimaPro software and the method of Eco Indicator 99 were used, which allows to get the results of the burden and benefit with taking into account three categories of damages： ecosystem quality, human health, and raw materials. This paper presents the impact of electricity generation on the environment in coal power plants. The article also points to the directions of the Polish energy sector and pointed to the need to determine the environmental risks associated with the production of energy. A detailed analysis by the method of LCA is made to compare the environmental impact of electricity generation in the Lagisza Power Plant and Turdw Power Plant. It is pointed to the difference in the results obtained. Moreover, the causes of the reported environmental impacts are discussed. Measures are identified which will help to reduce in the future the impact of the electricity produced on the environment during the production of electricity.
文摘On the international levels, funding has a wide importance in the sense that it is vehemently regarded as something that attracts both the developed countries and the developing countries. This is considered as the focal point of economy and economic activities. This is because of the fact that any economy can not continue without funding. This leads to a great care by institutions and governments as well as any social, political, and economic activity. The funding policy is regarded as one of the most important and active methods in having and preparing strategies that aim at having total control on private and public f＇mancial resources throughout financial activities to refresh the Palestinian economy. Due to the sensitivity of the current conditions, funding has a very important position and role. The deprivation stages the Palestirtian people have witnessed led to lack of Palestinian rights to build national institutions and bodies that are able to adopt social and economic policies that aim at having development as well as enabling the Palestinian entire society members to face both internal and external challenges and vice versa. There is vacuum of having an independent Palestinian state after 1967. There is a strict political s~,stem of lawful individuals and political domination, imposing by an Israeli military occupation to control and rule, controlling all Palestinian life to destroy the Palestinian economy and to distort the system without any lawful and constitutional independence. During the occupation period, the Palestinians lived under a lawful and managerial military power that destroys productivity paving the way to expel Palestinians out of their home which did not enable Palestinians to have their own social policies. The Palestinian national authority, ever since its rule, started to have a rehabilitation of its economic policies within a strategic plan that ensures economic development, stability, and geographical continuation amongst Palestinian resources control in a way that supports the Palestinian economy. That builds Palestinian policies to have economic development and improvement of general performance to develop, complete, and unify law and constitution. This also aims at Palestinian society development in terms of economy giving future hopes for Palestinians to have international development projects in the sense that any Palestinian strategy quickly faces lack of fund and therefore consequently everything is put to an end. The possibility of this study is to strengthen and stimulat the direct foreign investment as an alternative of the internal funding. Moreover, this study will investigate how to achieve an increase efficiency of investment and the national funding resources that generate income. The study＇s methodology is, descriptive analytical approach which has been applied because it matches the nature of this study. To answer study questions ＂What is the funding strategy followed by the Palestinian authority to develop the national economy？＂, confirmation is made that there are no funding strategies applied by the Palestinian authority to create funding mechanisms for development of national economy. This is not helpful for the national economy.
文摘Abstract： Contractual savings scheme is specific purpose saving, which was provided in Slovakia since 1993. It is a state-supported saving, the purpose of which is to finance housing needs in the Slovak Republic. Savers can be an individual, association of owners or legal person who enters into a contract with building society or for whom the contract about contractual savings scheme is concluded. State bonuses is contractual savings scheme, a significantly more attractive form of targeted saving. This ensures the supply of investment in the construction sector, which in turn through multiplier effect significantly affects other sectors of the national economy. In this article, the authors deal with the influence of contractual savings scheme to the national economy of the Slovak Republic. The main objective of this study is describing the effectiveness of state bonuses for contractual savings scheme. It is simulated through the impact of contractual savings scheme on employment, on public funds and impact on public finances. This effect is illustrated on a model of state subsidizing of each one Euro spent through the state bonuses for contractual savings scheme and its impact for the national economy with offsetting the significant role of the multiplier effect.
文摘This paper suggests that a new approach should be taken for the development of China＇s service sector. Priorities for this include： appropriate objectives for service sector development, enhanced functionality, integrated development between manufacturing and services, improved regional layout of the service sector, and the emergence of reputable brands and leading enterprises. Well-designed and effective industrial policies, as well as calls for major breakthroughs in institutional mechanisms, must support the development of the service sector. Additionally, excessive burdens and difficult financing channels need to be addressed. More attention should be paid to the construction of the credit system, service standardization, and service statistical accounting as element tasks.
文摘Chinese Banks to Issue Large-denomination Certificates of Deposit The People’s Bank of China,the country’s central bank,issued a provisional regulation on June 2 that allows financial institutions to issue large-denomination certificates of deposit(CD),giving banks more freedom in pricing interest rates.Individual investors can buy certificates of deposit worth at least RMB 300,000 and institutional investors at least RMB 10 million’s worth.
