In the course of pushing forward the overall growth capacities of the mining industry and getting adapted to the tense competition after China抯 entry into WTO, it is quite necessary to speed up the process of fosteri...In the course of pushing forward the overall growth capacities of the mining industry and getting adapted to the tense competition after China抯 entry into WTO, it is quite necessary to speed up the process of fostering large state-owned coal group enter-prises. This strategical proposal is made on the basis of a comprehensive analysis of the main problems challenges faced by the coal mining industry is made on. The main prob-lems with Chinese coal mining industries discussed include: over-competition with a low convergence, severe waste and loss of mine resources with poor exploitation techniques, disordered operation with few industrial entry barriers, heavy welfare burdens from low socialization. The accession of WTO provide Chinese coal mining industry with chances to push forward the reforms and structural shift in the enterprises, expedite the estab-lishment and perfect of coal mining market mechanism, expand their international market share as well as introduce foreign investment, and with challenges from high technology, knowledge economy, and information revolution. The solutions to the foster of large-scale coal mining group enterprises, as well as the possible points to note and the policy pro-posal are advanced.展开更多
Trade and economic relations between China and Africa have a protracted history and have developed incrementally over the course of time. Consequently, increasing numbers of Chinese businesses and entrepreneurs have s...Trade and economic relations between China and Africa have a protracted history and have developed incrementally over the course of time. Consequently, increasing numbers of Chinese businesses and entrepreneurs have sought partnerships with African companies with the aim of establishing strategic partnerships, collaborations, and joint ventures. In recent years, these Sino-African trading relations have been the subject of consistent debate and scrutiny, attracting positive and negative analyses from scholars and practitioners across disciplines. Some studies questioned China＇s motives in Africa＇s markets, and others viewed with suspicion the structure of Sino-Africa＇s bilateral trading engagements. Conducting an extensive literature survey of related sources and employing content analysis of recent and current data （2000-2009）, the paper examined institutional and academic publications pertaining to Sino-African relationship. It determines imbalance in the structure of Sino-African bilateral trade, negative impact on domestic economic development, and competitive disadvantage in African marketplaces. Policy implications of these findings were provided as well as recommendations for mutual trade benefits and global strategic investments展开更多
As one of the largest enterprises in China, Zhongyuan Petroleum Exploration Bureau. Sinopec （ZPEB） has become a medium-sized onshore oilfield with its exploration and development for more than thirty years. Its annu...As one of the largest enterprises in China, Zhongyuan Petroleum Exploration Bureau. Sinopec （ZPEB） has become a medium-sized onshore oilfield with its exploration and development for more than thirty years. Its annual output with crude oil of several milliontons and natnral gas of several billion cubicmeters has been kept for two decades.展开更多
It has been demonstrated by both domestic and international theories and empirical studies that inventory fluctuations are cyclical in nature, which makes it useful in monitoring how the economy is currently operating...It has been demonstrated by both domestic and international theories and empirical studies that inventory fluctuations are cyclical in nature, which makes it useful in monitoring how the economy is currently operating. Based on a survey o foyer 5,000 enterprises conducted by the People＇s Bank of China, we have attempted to compile a finished goods inventory index of the 5,000 enterprises. Through our analysis, we are able to determine that the 5,000 enterprises inventory index displays the basic features of pro-cyclicality and fits the business cycle with a lag of one quarter. Currently, the inventory index shows signs of declining after five consecutive months of increases, indicating that the expansion of enterprises＇production is temporarily slowing down.展开更多
Since the foreign exchange reform on July 21^st 2005, the flexibility of RMB exchange rate has becoming big, so has the foreign exchange risk. How to effectively manage foreign exchange risk has become an emergent tas...Since the foreign exchange reform on July 21^st 2005, the flexibility of RMB exchange rate has becoming big, so has the foreign exchange risk. How to effectively manage foreign exchange risk has become an emergent task to enterprises. This paper introduces the method of foreign exchange forecast which is the base of foreign exchange risk management, and then deeply discusses different measures of managing the risk.展开更多
The Malaysian government launched the Government Linked Companies Transformation （GLCT） Programme in May 2004, with the aim, amongst others, of ensuring continuous improvement of these firms amidst global trade comp...The Malaysian government launched the Government Linked Companies Transformation （GLCT） Programme in May 2004, with the aim, amongst others, of ensuring continuous improvement of these firms amidst global trade competitiveness and economic challenges. This paper examines technical efficiency of government linked companies （GLCs） and benchmarks the result with top foreign owned firms listed in Bursa Malaysia. The study employs an unbalanced panel dataset of 31 existing GLCs over a period of nine years （2000-2008） using the stochastic frontier model. The results provide estimates of mean technical efficiency of these firms for the first time, and highlight the variation between the GLCs and foreign owned firms which represent international standard. The findings show mean technical efficiency of GLCs is moving towards the frontier but it still relatively low compared to the foreign firms. The trend declined drastically at the later period showing a wider gap against the benchmark firms. The findings hope to contribute to the growing literature on firms＇ efficiency focusing on privatized firms in developing countries.展开更多
Economic globalization is the core of information technology, information technology is the core of e-commerce. E-commerce is as an important part of inlbrnaation technology in recent years when China has been booming...Economic globalization is the core of information technology, information technology is the core of e-commerce. E-commerce is as an important part of inlbrnaation technology in recent years when China has been booming. For a large number of SMEs, human resources, capital, technology and information are in a relatively weak position, in addition, in recent years, changes in the external environment in which small and medium enterprises are also reflected in： international trade friction increase, RMB such as the increasing appreciation of the exchange rate increase, it raises the cost of export products. Under the new situation, how to find space for development, how to implement e-commerce strategy, clutches the huge growth opportunities given the times, to keep pace with the times, in an invincible position in the competitive market environment, many small and medium enterprises become China＇ s urgent problems.展开更多
At present,the global economic crisiscontinues to spread across the world.Theeconomies of all countries are sliding into aslump,trade protectionism is gaining ground,andexport orders have declined substantially for pr...At present,the global economic crisiscontinues to spread across the world.Theeconomies of all countries are sliding into aslump,trade protectionism is gaining ground,andexport orders have declined substantially for productprocessing and trading enterprises.Chinesefurniture companies are suffering from certainnegative impacts.China,as a large furniture producer,should draw lessons from this global economiccrisis.Furniture companies should enhancetheir capabilities of independent innovation andbrand building,increase product quality,and addvalue.In order to reduce losses from foreign technicalbarriers to trade,relevant departmentsshould strengthen their ability to respond to foreigntechnical regulation,standard,conformity assessment,inspection,and quarantine.Because agreat variety of environmental regulations areemerging endlessly,furniture companies must doa good job of producing green label certificationand actively respond to green trade barriers.展开更多
文摘In the course of pushing forward the overall growth capacities of the mining industry and getting adapted to the tense competition after China抯 entry into WTO, it is quite necessary to speed up the process of fostering large state-owned coal group enter-prises. This strategical proposal is made on the basis of a comprehensive analysis of the main problems challenges faced by the coal mining industry is made on. The main prob-lems with Chinese coal mining industries discussed include: over-competition with a low convergence, severe waste and loss of mine resources with poor exploitation techniques, disordered operation with few industrial entry barriers, heavy welfare burdens from low socialization. The accession of WTO provide Chinese coal mining industry with chances to push forward the reforms and structural shift in the enterprises, expedite the estab-lishment and perfect of coal mining market mechanism, expand their international market share as well as introduce foreign investment, and with challenges from high technology, knowledge economy, and information revolution. The solutions to the foster of large-scale coal mining group enterprises, as well as the possible points to note and the policy pro-posal are advanced.
文摘Trade and economic relations between China and Africa have a protracted history and have developed incrementally over the course of time. Consequently, increasing numbers of Chinese businesses and entrepreneurs have sought partnerships with African companies with the aim of establishing strategic partnerships, collaborations, and joint ventures. In recent years, these Sino-African trading relations have been the subject of consistent debate and scrutiny, attracting positive and negative analyses from scholars and practitioners across disciplines. Some studies questioned China＇s motives in Africa＇s markets, and others viewed with suspicion the structure of Sino-Africa＇s bilateral trading engagements. Conducting an extensive literature survey of related sources and employing content analysis of recent and current data （2000-2009）, the paper examined institutional and academic publications pertaining to Sino-African relationship. It determines imbalance in the structure of Sino-African bilateral trade, negative impact on domestic economic development, and competitive disadvantage in African marketplaces. Policy implications of these findings were provided as well as recommendations for mutual trade benefits and global strategic investments
文摘As one of the largest enterprises in China, Zhongyuan Petroleum Exploration Bureau. Sinopec （ZPEB） has become a medium-sized onshore oilfield with its exploration and development for more than thirty years. Its annual output with crude oil of several milliontons and natnral gas of several billion cubicmeters has been kept for two decades.
文摘It has been demonstrated by both domestic and international theories and empirical studies that inventory fluctuations are cyclical in nature, which makes it useful in monitoring how the economy is currently operating. Based on a survey o foyer 5,000 enterprises conducted by the People＇s Bank of China, we have attempted to compile a finished goods inventory index of the 5,000 enterprises. Through our analysis, we are able to determine that the 5,000 enterprises inventory index displays the basic features of pro-cyclicality and fits the business cycle with a lag of one quarter. Currently, the inventory index shows signs of declining after five consecutive months of increases, indicating that the expansion of enterprises＇production is temporarily slowing down.
文摘Since the foreign exchange reform on July 21^st 2005, the flexibility of RMB exchange rate has becoming big, so has the foreign exchange risk. How to effectively manage foreign exchange risk has become an emergent task to enterprises. This paper introduces the method of foreign exchange forecast which is the base of foreign exchange risk management, and then deeply discusses different measures of managing the risk.
文摘The Malaysian government launched the Government Linked Companies Transformation （GLCT） Programme in May 2004, with the aim, amongst others, of ensuring continuous improvement of these firms amidst global trade competitiveness and economic challenges. This paper examines technical efficiency of government linked companies （GLCs） and benchmarks the result with top foreign owned firms listed in Bursa Malaysia. The study employs an unbalanced panel dataset of 31 existing GLCs over a period of nine years （2000-2008） using the stochastic frontier model. The results provide estimates of mean technical efficiency of these firms for the first time, and highlight the variation between the GLCs and foreign owned firms which represent international standard. The findings show mean technical efficiency of GLCs is moving towards the frontier but it still relatively low compared to the foreign firms. The trend declined drastically at the later period showing a wider gap against the benchmark firms. The findings hope to contribute to the growing literature on firms＇ efficiency focusing on privatized firms in developing countries.
文摘Economic globalization is the core of information technology, information technology is the core of e-commerce. E-commerce is as an important part of inlbrnaation technology in recent years when China has been booming. For a large number of SMEs, human resources, capital, technology and information are in a relatively weak position, in addition, in recent years, changes in the external environment in which small and medium enterprises are also reflected in： international trade friction increase, RMB such as the increasing appreciation of the exchange rate increase, it raises the cost of export products. Under the new situation, how to find space for development, how to implement e-commerce strategy, clutches the huge growth opportunities given the times, to keep pace with the times, in an invincible position in the competitive market environment, many small and medium enterprises become China＇ s urgent problems.
文摘At present,the global economic crisiscontinues to spread across the world.Theeconomies of all countries are sliding into aslump,trade protectionism is gaining ground,andexport orders have declined substantially for productprocessing and trading enterprises.Chinesefurniture companies are suffering from certainnegative impacts.China,as a large furniture producer,should draw lessons from this global economiccrisis.Furniture companies should enhancetheir capabilities of independent innovation andbrand building,increase product quality,and addvalue.In order to reduce losses from foreign technicalbarriers to trade,relevant departmentsshould strengthen their ability to respond to foreigntechnical regulation,standard,conformity assessment,inspection,and quarantine.Because agreat variety of environmental regulations areemerging endlessly,furniture companies must doa good job of producing green label certificationand actively respond to green trade barriers.
