发展合肥制造业的“中场经济”的认知与对策

"中场经济"是指从基础原材料生产到最终产品制造之间的中游产品的制造业。按照现代制造业的分工体系和空间布局规律,举凡建设一个制造业基地,都有赖于"中场经济"的充分发展。本文分析了合肥这一内地省会城市为建设国内外重要的制造业基地,充分发展制造业"中场经济"的必然性与必要性,指出现存问题及原因,提出了相关对策建议。

Environment as the Stage for Economic Actors

The relative importance of economics and environment in debate may soon be reversed due to the influence of three fac- tors. Firstly, in the global economy it is hard to hide the unwanted products of economic processes. Secondly, huge advances in sci- ence will reduce the imperfect knowledge of markets, making some monitoring and analyzing tools show the design of sensible and equitable livelihood in communities, which is more important than the motivation of maximising profits for some individuals or firms. Thirdly, China, as the last major player on the planet to take on economic growth, comes from traditions fundamentally differ- ent from those economies that have experienced the Industrial Revolution previously. Its challenges with sustainability and en- vironmental conservation predate Western economics by millennia, and it is implementing policies domestically and starting to work on the world stage that acknowledges that the surroundings are the host for any economic and socio-political system.

China’s Import of Wastes and Its Implications

The trade of wastes in the world has been increasing and China has become the largest importer of wastes. This paper examines the import trend of different wastes and finds out that the total import volume to China approved by the Chinese government keeps increasing and the illegal trade can not be banned despite repeated prohibitions; therefore, China is not only "a world factory", but actually "a global garbage dump". In order to well understand the implications of wastes import, this paper further analyzes the resource and environmental ef- fects and risks of different wastes imports as well as the strong driving force of wastes imports. Based on these detailed analysis and solid data, policy recommendations are put forward to reduce the demand for raw materials, to further strengthen the inspection of and supervision over the international trade of the wastes that can be used as raw materials by using the life cycle analysis and risk analysis, to improve the environmental standards and strengthen the disposal capacity, to re-export the raw materials produced from the imported wastes, to develop the long-term planning for the import of wastes and to promote international cooperation.

Enlightenment of New Economy on the Development of Chinese Economy

This paper summarizes the features of the new economy in America, and then analyses the differences between the new economy and Chinese economy with trade theories. At the last, this paper concentrates on study of strategies for China to develop economic internationalization.

Regional Allocation of CO_2 Intensity Reduction Targets Based on Cluster Analysis

To meet China＇s CO2 intensity target of 40%-45% reduction by 2020 based on the 2005 level, a regional allocation method based on cluster analysis is developed. Thirty Chinese provinces are classified into six groups based on economy, emissions, and reduction potential indicators. Under the equity principle, the two most developed groups axe assigned the highest reduction targets （55% and 65%, respectively）. However, their reduction potent!al is limited. Under the efficiency principle, the two groups with the highest reduction potential take the highest targets （48% and 61%, respectively）, but their economy is relatively backward. When equity and efficiency are equally weighted, the 5th group with a prominent reduction potential takes the highest target （54%）, and the 2nd and the 3rd groups with large industry scales take the second highest target （49%）. However, under all the three allocation schemes, the targets are not greater than 40% for the 4th and the 6th groups, which have a relatively low economic ability, emissions, and reduction potential. Due to inconsistency between economic and reduction potential, corresponding market mechanisms and policy instruments should be established to ensure equity and efficiency of regional target allocation.

China's National Characteristics,Government-Market Relationship and the Development of Its Financial System

This study seeks to determine an effective boundary between government and market in light of modern financial theories.According to the findings of this paper,the relationship between government and market must be conceived of as under the "continuous spectrum of change" resulting from economic development.In practice,an effective frontier between government and market not only transforms continuously with the process of economic development but also demonstrates significant contrasts internationally according to the different national characteristics existing in each country.Determining a frontier between government and market requires that the relationship between the two be embedded into a broader set of institutional environmental constraints that incorporate consideration of the dynamic processes and mechanisms of economic development.The key issue is that government and market act with regard to the principle of comparative advantage as they play their respective roles.

Local Government Debt Management Solutions

Two rounds of leveraging-up have led to a high debt ratio in the Chinese economy, triggered liquidity mismatch and increased systemic financial risks. The key causes of local government liabilities are soft budget constraints and non-market-based factor allocation. Currently, the risks of local government liabilities are generally controllable. This paper concludes that the long-term solution to managing local government liabilities is to enhance budget constraint and institutional assurance and proposes countermeasures in the reform of urban construction investment and ftnancing mechanisms.

Global Financial Crisis： Systemic Failure and the Underlying Knowledge Gap

Recently, global financial crisis or meltdown rocked the international financial market. This havoc was the result of the reckless use of financial derivatives that received spontaneous patronization from the financial whiz, but it is strange to discover that those proponents of market economy embarked on policy that was purely Keynesian in principle. The episode started in August 2007 with the collapse of subprime mortgage market and reached its climax during August 2008. Central banks in many countries of the western world intervened in the market to pump additional fund to give buoyancy in the credit market. The crisis encapsulated with the queer idea of financial instruments and multiple origins related to subprime mortgage left its trail in both developed and developing countries. Thus, an elaborate analysis of the causal link among various innovative instruments highlighting a mismatch between academic doctrine and real-life perspective and the inadequacy of the institutional arrangements supposed to tame the volatility of the market may be a useful guide to financial analysts and policy planners. The purpose of this paper is to highlight systemic gaps in the meltdown and redefine the contour of macroeconomics most appropriate to weather such catastrophe in the future.

How Infrastructure Construction Reduces Market Segregation in China:Achievements and Problems

Theoretically, infrastructure construction helps remove domestic market segregation and thus create a modern market system. Based on the theory of new economy geography, this paper investigates the relationship between infrastructure construction and market segregation using the Spatial Panel Dubin Model(SPDM) based on China's interprovincial panel data of 1993-2012. As shown by empirical result, the beggar-thyneighbor problem existed persistently within China, infrastructure construction helped remove market segregation and should be enhanced, infrastructure construction had heterogeneous spatial spillover effects across periods, and market segregation behaviors were heterogeneous across regions or localities. China should enhance infrastructure to narrow regional gaps and step up cooperation among investors across regions to reduce the adverse impact of geographical boundary, and create modern service-based local governments, allowing the market to play a decisive role in resource allocation.

SME： The Hungarian Experience Situation and Development in Hungary

This paper aims to present the development of the SME sector through the example of a country in East-Central Europe. This country was once a member of the so-called communist block until 1989, but had a market economy in 1989. Hungary joined the EU on May 1, 2004, and displaied numerous interesting features concerning small and medium sized enterprises ever since, complying with a variety of expectations. The research study investigated the East-Central European SME systems, and particularly the Hungarian SME practice. The main methods used in this paper are present European and Hungarian research findings of nternational relevance. Several data and figures from the European Union, the Central European area and of course from Hungary were used for the characterization of the SME systems. The main results of the research study is a set of characteristics of the SMEs＇ East-Central European pathway： （1） SMEs as a pillar of the nation in the world and in Hungary; （2） Hungary as the Paradise of small enterprises （numbers versus reality）; （3） Domestic small enterprises in an international （European） comparison; （4） How the crisis impacted the domestic SME sector; （5） Misconceptions and dead ends in small enterprises today： What should the state subsidise and how？

China Repeats Calls for EU to Recognize its Full Market Economy Status

China hopes the European Union will recognize China＇s full market economy status （MES） as soon as possible, Chinese Foreign Ministry spokesman Qin Gang said.

Domestic, External Demands：Dual-Engines of China＇s Growti

China＇s economic growth has been driven by the dual-engine of domestic demand and external demand. Among which, domestic demand is the main engine originated from China＇s huge domestic market. Due to the advantage of openness, external demand has a growing contribution to economic growth. For a long term, China will remain in the stage of rapid industrialization, urbanization, marketization and internationalization, therefore China will further expand its domestic consumption and external demand. The undergoing institutional reform will also contribute to the coordinated development of domestic demand and external demand.

The Contribution of Marketization to China＇s Economic Growth

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.

Voices

"This year the tendency of the Chinese economy remaining stable while maintaining strong momentum is more pronounced,and market expectations are further stabilized.These have contributed to marked improvements in China’s foreign exchange sector.Meanwhile,

Strengthening the Financial Management of Coal Enterprises under the New Situation

Along with China＇ s rapid economic development, the competition between enterprises is more and more intense, especially for the coal enterprises, and the market competition is fierce is predictable. If the coal enterprises want to be a healthy, sustainable development, it is necessary to strengthen the financial management and change the management mode according to the characteristics of the market competition. This paper mainly analyzes the present situation of financial management of coal enterprises in China and proposes further strengthening measures related to the financial management of coal enterprises.

Economy

Shanghai International Gold Trading Center Starts Operation The Shanghai International Gold Trading Center was recently launched as the first international trading platform in China（Shanghai）Pilot Free Trade Zone（FTZ）.The Shanghai FTZ is also preparing to establish other international trading centers.In the Shanghai gold trading center,foreigners are allowed to invest in China’s gold market.According to Li Jun,

The innovation of China＇s farm products marketing

Aimed at the current actuality of farm products in China, the key point is the innovation of marketing if we want to share farm products market. This article discusses on four aspects： The innovation of both tactics and strategies of the farm products marketing; using the new marketing means, selling the products on Internet; improving the standard of the products, opening out the green products; the new sale mode. This article will give the active effect for the China＇s farm products market ing.

QFII in China Security Market： Status Quo and Investment Strategy

This paper firstly introduces the definition and features of QFII, and then mainly analyzes the QFII＇s portfolio performance and investment yield, as welt as stock market. And at last, it refers to the impacts of QFII＇s companies and supervision systems in China security market. the investment ideas and strategies of QFII in China investment styles and strategies on investors, listed