Market-oriented economic transition since 1978 has led to remarkable economic development in China. In this study, we use the National Economic Research Institute (NERI) Index of Marketization and a panel data model...Market-oriented economic transition since 1978 has led to remarkable economic development in China. In this study, we use the National Economic Research Institute (NERI) Index of Marketization and a panel data model to investigate the quantitative contributions of marketization to China's total factor productivity (TFP) and economic growth. Our results indicate that marketization contributed 1.45 percentage points on average to China's annual economic growth rate during the period from 1997 to 2007 and accounted for 39.2 percent of the increase in TFP. Marketization significantly improved resource allocation. However, economic transition in China has not yet been completed and sustainability of future growth will depend on further market-oriented reforms.展开更多
Crude oil imports in China are mainly carried out by state-owned entities with non state-owned entities as compliment. Crude imported by 5 state-owned entities accounts for 90% of the total imports, while non state-ow...Crude oil imports in China are mainly carried out by state-owned entities with non state-owned entities as compliment. Crude imported by 5 state-owned entities accounts for 90% of the total imports, while non state-owned entities are about given more freedom in using and importing crude. In 2015 only, there were 13 compauies graftted rcritlt access to imported crude oil and 6welv qualiied to import rights. Currently, there are 29 non-state-owned companies engaging in crude import business. China oil market is .faced with severe challenges. Ttre growth rate of oil demand declined, and dependence upon imported oil increased and reached as high as 61.26% in 2015. Refined oil demand growth also slowed down, and oil refining overcapacity got prominent and completion wouht become fiercer" in future. Overcapacity was about 140 million toils per year in 2015. Consumption ratio of diesel to gasoline went on declining, and ttre task of product structure adjustment was heavy. China oil market is undergoing great transformation, and institutional mechanism zoill go ahead, on the basis of centering on orderly release of limitations on crude oil and refined oil import and export, orderly release of competitive business arrd government pricing of oil/gas downstream links, vigorous resolving of overcapacity, strengthening low-carbon development, and laying a solid foundation.for guarantee.展开更多
Started with the discussions on the value orientation of urban water supply industry marketization,the article points out that the current urban water supply industry marketization reform is inconsistent with the goal...Started with the discussions on the value orientation of urban water supply industry marketization,the article points out that the current urban water supply industry marketization reform is inconsistent with the goal of public water service equalization to some extent.The article also analyzes the problems emerged in urban water supply industry marketization reform and various rea-sons in view of efficiency and fairness.An efficiency and fairness oriented management model is built in this article to illustrate how the government should conciliate interests of various communities involved in the process of marketization reform of the urban water supply industry so as to actualize the coordination of efficiency and fairness.At the end,an assumption on urban water price is put forward to help achieve the public water service equalization.展开更多
In this paper,the authors have made the following findings after the fitting of China's economic growth rate series using an improved STR model:since 1949,great changes have taken place in China's economic gro...In this paper,the authors have made the following findings after the fitting of China's economic growth rate series using an improved STR model:since 1949,great changes have taken place in China's economic growth pattern but factor input remains to be the major source of China's economic growth,as reflected by the extensive pattern of economic growth;with the exception of capital,the marginal output of all other production factors has been on the increase,which suggests that the efficiency of China's factor allocation has been continuously improved;the marginal output of capital has been on the decline,which explains that the dependency on investment for economic growth has led to excessive investment;reform and opening up and reform of marketization have substantially increased the sustainability of China's economic growth.In addition,the authors have investigated the internal momentum of China's growth transformation and developed relevant policy recommendations.展开更多
With the incessant development of power market reform,the existing cross-subsidy in electricity tariffs has become a critical problem in China's power industry development.On the basis of the theories of cross-sub...With the incessant development of power market reform,the existing cross-subsidy in electricity tariffs has become a critical problem in China's power industry development.On the basis of the theories of cross-subsidy and electricity universal service,the authors take foreign countries' experience as reference to design several solutions to cross-subsidies in electricity tariffs in different phases of China's power industry development.Furthermore,the application and implementation of these solutions are analyzed in this paper.展开更多
This paper expounds on the tendency of energy supervision reform with consideration to the general background of energy reform. It proposes the following aspects. First, the focus of energy supervision should shift to...This paper expounds on the tendency of energy supervision reform with consideration to the general background of energy reform. It proposes the following aspects. First, the focus of energy supervision should shift to in-process and post supervision after cancellation or decentralization of energy project approval, Hence, the supervision over construction and completion acceptance is reinforced. Second, with the progression of marketoriented reforms in tire electricity and petroleum sectors, relevant energy authorities should strengthen supervision on key aspects in the electricity and petroleum sectors, particularly by way of specific supervision and problem supervision, in order to keep tire market fair, open and transparent. Third, innovative supervision modes should be adopted to improve supervision performance, so as to realize effective supervision amt finally achieve standardized and normalized energy supervision. These proposals rtTresent both the challenges and tasks that the supervision authorities face but also highlight important chances to realize the energy supervision revolution. Energy enterprises should continuously update thenzselves on the reforms and actions of energy supervision in order to meet the compliance requirements of construction and operation.展开更多
Growth rate of oil demand rose again in China in the first half of 2015. Demand for oil products went on differentiating, and the demand growth of most products sped up. Growth rate of oil production rose again, oil i...Growth rate of oil demand rose again in China in the first half of 2015. Demand for oil products went on differentiating, and the demand growth of most products sped up. Growth rate of oil production rose again, oil imports increased rapidly, and external dependence of crude oil and oil broke through 60% separately. The State adjusted the prices of gasoline and diesel timely and frequently, based on pricing mechanism. Price hike was higher than reduction. Oil market got weak, yet more stable. China increased the pace of reforms in marketization. In the second half, oil demand will increase continuously but with lower growth rate, oil production will rise more slowly, imports of crude oil and oil will keep on rising rapidly, gasoline and kerosene as well as diesel will witness a net import, and the market of gasoline, kerosene and diesel will be more stable.展开更多
Since China's reform and opening up, the life expectancy of the population has prolonged. As a result, the trend of population aging is becoming increasingly serious. The time was pushed back when young workers enter...Since China's reform and opening up, the life expectancy of the population has prolonged. As a result, the trend of population aging is becoming increasingly serious. The time was pushed back when young workers entered the labor market, while the phenomenon was common that the elderly who should have retired were still engaged in working. Therefore, the retirement age shall be subjected to an imperative delay. In the third Plenary Session of the 18th CPC Central Committee, the central government proposed the "formulation of gradual delay retirement scheme ", which triggered a widespread concern among all sectors in the society. Support and opposition to delay of retirement focus on the impact made by extension of retirement age on the employment. The youth employment, however, is still the issue of social concemThis paper makes a systematic study on the controversy of the relevant scholars, and makes a detailed investigation of the reasons behind the various viewpoints, which is beneficial to the judgment of the rationality between the two parties of the dispute, and then seeks the solution to the problem.展开更多
This paper explores how the Chinese government's reluctance/inability to invest in health has influenced the performance of its health system in the context of urban China. It focuses on two related issues. To what e...This paper explores how the Chinese government's reluctance/inability to invest in health has influenced the performance of its health system in the context of urban China. It focuses on two related issues. To what extent is the financing of the health care system progressive? To what extent is the utilization of health care services equitable? Section I explains why the Chinese government has become less willing and able to bear the burden of health care during the era of economic reform and inspects the impacts of these changes on the structure of overall health expenditure. The following two sections empirically examine the extent to which the shift toward out-of-pocket spending has made health care less accessible and less affordable for the poor and vulnerable. Section IV explores how inequity in health care and health services has put groups of people who are already socially disadvantaged at more disadvantaged positions. The study finds that the market-oriented health reform in urban China has exacerbated the cost problem that it intended to solve, reduced access to health services for the most vulnerable, and increased the instances of illness-induced poverty.展开更多
In the autumn of 1987,the State Commission for Restructuring the Economic System organized eight units including the Research Group of the Chinese Academy of Social Sciences(CASS)to submit reports providing an outline...In the autumn of 1987,the State Commission for Restructuring the Economic System organized eight units including the Research Group of the Chinese Academy of Social Sciences(CASS)to submit reports providing an outline economic reform plan for China for 1988-1995.The CASS Research Group recommended that enterprise reform and pricing and ownership reforms and their operational mechanisms should be carried out alongside each other in a two main lines approach.China’s deepening economic reforms have adhered to these two main lines throughout the last forty years.The first main line includes the revival and development of the individual economy,followed by the private economy,the introduction and utilization of foreign capital,and the reform of public ownership,including the state-owned system.In 1997,the 15th National Congress of the Party proposed the establishment of a socialist basic economic system with public ownership as the main body and simultaneous development of multiple forms of ownership.“Public ownership as the main body”is reflected in the dominance of public assets among total social assets and the fact that the state-owned economy controls the lifeline of the national economy and plays a leading role in economic development.The dominant role of public ownership has not changed in the forty years of reform and opening up.The second main line covers price reform,building a modern market system,reforming macro-control mechanisms and perfecting the macro-control and regulation system.From 1979 to 2017,our GDP grew at an average annual rate of 9.5 percent,while the CPI grew at an average annual rate of less than 5 percent:a perfect match.The two main line approach is in line with the provisions of economic reform in the new era proposed in the report at the 19th National Party Congress,which focuses on improving the property rights system and market-oriented factor allocation.There is no distinction of primary or secondary in the role of the two main lines;both are equally important.They are united in the establishment and improvement of the socialist market economic system.展开更多
In his government work report,Premier Li Keqiang vowed to deepen the reform of the financial sector in 2016.It includes efforts to improve the financial regulatory system,further liberalize interest rates and improve ...In his government work report,Premier Li Keqiang vowed to deepen the reform of the financial sector in 2016.It includes efforts to improve the financial regulatory system,further liberalize interest rates and improve the market-based mechanism for setting the yuan exchange rate.展开更多
文摘Market-oriented economic transition since 1978 has led to remarkable economic development in China. In this study, we use the National Economic Research Institute (NERI) Index of Marketization and a panel data model to investigate the quantitative contributions of marketization to China's total factor productivity (TFP) and economic growth. Our results indicate that marketization contributed 1.45 percentage points on average to China's annual economic growth rate during the period from 1997 to 2007 and accounted for 39.2 percent of the increase in TFP. Marketization significantly improved resource allocation. However, economic transition in China has not yet been completed and sustainability of future growth will depend on further market-oriented reforms.
文摘Crude oil imports in China are mainly carried out by state-owned entities with non state-owned entities as compliment. Crude imported by 5 state-owned entities accounts for 90% of the total imports, while non state-owned entities are about given more freedom in using and importing crude. In 2015 only, there were 13 compauies graftted rcritlt access to imported crude oil and 6welv qualiied to import rights. Currently, there are 29 non-state-owned companies engaging in crude import business. China oil market is .faced with severe challenges. Ttre growth rate of oil demand declined, and dependence upon imported oil increased and reached as high as 61.26% in 2015. Refined oil demand growth also slowed down, and oil refining overcapacity got prominent and completion wouht become fiercer" in future. Overcapacity was about 140 million toils per year in 2015. Consumption ratio of diesel to gasoline went on declining, and ttre task of product structure adjustment was heavy. China oil market is undergoing great transformation, and institutional mechanism zoill go ahead, on the basis of centering on orderly release of limitations on crude oil and refined oil import and export, orderly release of competitive business arrd government pricing of oil/gas downstream links, vigorous resolving of overcapacity, strengthening low-carbon development, and laying a solid foundation.for guarantee.
文摘Started with the discussions on the value orientation of urban water supply industry marketization,the article points out that the current urban water supply industry marketization reform is inconsistent with the goal of public water service equalization to some extent.The article also analyzes the problems emerged in urban water supply industry marketization reform and various rea-sons in view of efficiency and fairness.An efficiency and fairness oriented management model is built in this article to illustrate how the government should conciliate interests of various communities involved in the process of marketization reform of the urban water supply industry so as to actualize the coordination of efficiency and fairness.At the end,an assumption on urban water price is put forward to help achieve the public water service equalization.
基金supported by the Evaluation of China's Structural Dividend and Research on Relevant Policiesa Special Program of Cultural and Social Sciences Key Research Center of the Department of Education,Liaoning Province(GrantNo.Z J2013046)
文摘In this paper,the authors have made the following findings after the fitting of China's economic growth rate series using an improved STR model:since 1949,great changes have taken place in China's economic growth pattern but factor input remains to be the major source of China's economic growth,as reflected by the extensive pattern of economic growth;with the exception of capital,the marginal output of all other production factors has been on the increase,which suggests that the efficiency of China's factor allocation has been continuously improved;the marginal output of capital has been on the decline,which explains that the dependency on investment for economic growth has led to excessive investment;reform and opening up and reform of marketization have substantially increased the sustainability of China's economic growth.In addition,the authors have investigated the internal momentum of China's growth transformation and developed relevant policy recommendations.
文摘With the incessant development of power market reform,the existing cross-subsidy in electricity tariffs has become a critical problem in China's power industry development.On the basis of the theories of cross-subsidy and electricity universal service,the authors take foreign countries' experience as reference to design several solutions to cross-subsidies in electricity tariffs in different phases of China's power industry development.Furthermore,the application and implementation of these solutions are analyzed in this paper.
文摘This paper expounds on the tendency of energy supervision reform with consideration to the general background of energy reform. It proposes the following aspects. First, the focus of energy supervision should shift to in-process and post supervision after cancellation or decentralization of energy project approval, Hence, the supervision over construction and completion acceptance is reinforced. Second, with the progression of marketoriented reforms in tire electricity and petroleum sectors, relevant energy authorities should strengthen supervision on key aspects in the electricity and petroleum sectors, particularly by way of specific supervision and problem supervision, in order to keep tire market fair, open and transparent. Third, innovative supervision modes should be adopted to improve supervision performance, so as to realize effective supervision amt finally achieve standardized and normalized energy supervision. These proposals rtTresent both the challenges and tasks that the supervision authorities face but also highlight important chances to realize the energy supervision revolution. Energy enterprises should continuously update thenzselves on the reforms and actions of energy supervision in order to meet the compliance requirements of construction and operation.
文摘Growth rate of oil demand rose again in China in the first half of 2015. Demand for oil products went on differentiating, and the demand growth of most products sped up. Growth rate of oil production rose again, oil imports increased rapidly, and external dependence of crude oil and oil broke through 60% separately. The State adjusted the prices of gasoline and diesel timely and frequently, based on pricing mechanism. Price hike was higher than reduction. Oil market got weak, yet more stable. China increased the pace of reforms in marketization. In the second half, oil demand will increase continuously but with lower growth rate, oil production will rise more slowly, imports of crude oil and oil will keep on rising rapidly, gasoline and kerosene as well as diesel will witness a net import, and the market of gasoline, kerosene and diesel will be more stable.
文摘Since China's reform and opening up, the life expectancy of the population has prolonged. As a result, the trend of population aging is becoming increasingly serious. The time was pushed back when young workers entered the labor market, while the phenomenon was common that the elderly who should have retired were still engaged in working. Therefore, the retirement age shall be subjected to an imperative delay. In the third Plenary Session of the 18th CPC Central Committee, the central government proposed the "formulation of gradual delay retirement scheme ", which triggered a widespread concern among all sectors in the society. Support and opposition to delay of retirement focus on the impact made by extension of retirement age on the employment. The youth employment, however, is still the issue of social concemThis paper makes a systematic study on the controversy of the relevant scholars, and makes a detailed investigation of the reasons behind the various viewpoints, which is beneficial to the judgment of the rationality between the two parties of the dispute, and then seeks the solution to the problem.
文摘This paper explores how the Chinese government's reluctance/inability to invest in health has influenced the performance of its health system in the context of urban China. It focuses on two related issues. To what extent is the financing of the health care system progressive? To what extent is the utilization of health care services equitable? Section I explains why the Chinese government has become less willing and able to bear the burden of health care during the era of economic reform and inspects the impacts of these changes on the structure of overall health expenditure. The following two sections empirically examine the extent to which the shift toward out-of-pocket spending has made health care less accessible and less affordable for the poor and vulnerable. Section IV explores how inequity in health care and health services has put groups of people who are already socially disadvantaged at more disadvantaged positions. The study finds that the market-oriented health reform in urban China has exacerbated the cost problem that it intended to solve, reduced access to health services for the most vulnerable, and increased the instances of illness-induced poverty.
文摘In the autumn of 1987,the State Commission for Restructuring the Economic System organized eight units including the Research Group of the Chinese Academy of Social Sciences(CASS)to submit reports providing an outline economic reform plan for China for 1988-1995.The CASS Research Group recommended that enterprise reform and pricing and ownership reforms and their operational mechanisms should be carried out alongside each other in a two main lines approach.China’s deepening economic reforms have adhered to these two main lines throughout the last forty years.The first main line includes the revival and development of the individual economy,followed by the private economy,the introduction and utilization of foreign capital,and the reform of public ownership,including the state-owned system.In 1997,the 15th National Congress of the Party proposed the establishment of a socialist basic economic system with public ownership as the main body and simultaneous development of multiple forms of ownership.“Public ownership as the main body”is reflected in the dominance of public assets among total social assets and the fact that the state-owned economy controls the lifeline of the national economy and plays a leading role in economic development.The dominant role of public ownership has not changed in the forty years of reform and opening up.The second main line covers price reform,building a modern market system,reforming macro-control mechanisms and perfecting the macro-control and regulation system.From 1979 to 2017,our GDP grew at an average annual rate of 9.5 percent,while the CPI grew at an average annual rate of less than 5 percent:a perfect match.The two main line approach is in line with the provisions of economic reform in the new era proposed in the report at the 19th National Party Congress,which focuses on improving the property rights system and market-oriented factor allocation.There is no distinction of primary or secondary in the role of the two main lines;both are equally important.They are united in the establishment and improvement of the socialist market economic system.
文摘In his government work report,Premier Li Keqiang vowed to deepen the reform of the financial sector in 2016.It includes efforts to improve the financial regulatory system,further liberalize interest rates and improve the market-based mechanism for setting the yuan exchange rate.