China＇s outward FDI has been increasing recently, as the country＇s policies over industrialization and national security change. Using financial data of 244 Chinese enterprises, this study empirically investigates t...China＇s outward FDI has been increasing recently, as the country＇s policies over industrialization and national security change. Using financial data of 244 Chinese enterprises, this study empirically investigates the patterns and determinants of China＇s outward FDI from 2001 to 2008 for its seven major destinations. Tobit and multiple regression analyses indicate that early Chinese FDI in 2001 and 2002 is concentrated in the labor-intensive industries in Asia, like those of early Japanese FDI in the early 1970s as well as those of Korean FDI in 1990s. The results also indicate that non-production oriented manufacturers invested in North America, in order to seek for market cultivation, technological advance, R＆D skills, and name brands. We also found that the central state-owned enterprises are the key FDI players in the continents with locational disadvantages展开更多
Ground level ozone pollution has become a significant air pollution problem in Beijing. Because of the complex way in which ozone is formed, it is difficult for policy makers to identify optimal control options on a c...Ground level ozone pollution has become a significant air pollution problem in Beijing. Because of the complex way in which ozone is formed, it is difficult for policy makers to identify optimal control options on a cost-effective basis. This paper identi-fies and assesses a range of options for addressing this problem. We apply the Ambient Least Cost Model and compare the eco-nomic costs of control options, then recommend the most effective sequence to realize pollution control at the lowest cost. The study finds that installing of Stage II gasoline vapor recovery system at Beijing's 1446 gasoline stations would be the most cost-effective option. Overall, options to reduce ozone pollution by cutting ve-hicular emissions are much more cost-effective than options to "clean up" coal-fired power plants.展开更多
Since 1978, China＇s reform of real estate tax has made great strides with important milestones marked by the resumption of real estate tax collection on Chinese- funded enterprises and Chinese nationals. In the llth ...Since 1978, China＇s reform of real estate tax has made great strides with important milestones marked by the resumption of real estate tax collection on Chinese- funded enterprises and Chinese nationals. In the llth Five-Year Plan period （2006-2010）, the state administration completed the unification of tax rates for domestic and foreign- funded companies. However, the reform of real estate tax still requires many modifications during the 12th Five-Year Plan period （2011-2015）. The new plan should strive to streamline the tax system, adjust the tax base and tax rates, and delegate taxing authority.展开更多
In China, the income tax of enterprise is very different between foreign funded enterprises and other domestic enterprises. It is believed that this discrimination is harmful to the entire economy. So there is a refor...In China, the income tax of enterprise is very different between foreign funded enterprises and other domestic enterprises. It is believed that this discrimination is harmful to the entire economy. So there is a reform in the tax system to build a uniform enterprise income tax. This is a significant reform in China＇s tax system, so every decision about this have to count the cost and the benefit carefully. The author has introduced the Computable General Equilibrium （CGE） to simulate this new tax system and value its benefit and cost. There are two different models in the paper; they are of different assumptions and for different purposes. Model I is a static CGE model and model II is a Ramsey Dynamic model. The static model is mainly used for comparative static approach to examine how the tax reform will change the endogenous variables. According to the results of the model, more goods will be produced by both of the DFEs and FIEs after the tax reform in the medium and low tax effective tax rate situations. If the nominal tax rates decrease 24.24% （from 33% to 25%）, the enterprise income tax will only reduce 19.36% and the total tax revenue will only reduce 1.911%. The dynamic model will concentrate on the costs and benefits during the transition. From the results of the model, a lower tax rate will increase the level of investment, capital stock, capital prices, wage rate and also the growth rates through transition. If the capital tax rates are changed gradually, the fluctuating of transition will be smoothed a little.展开更多
In order to ensure the security of the property-based remote attestation scheme, an improved, more efficient, forrml security model of property-based remote attestation is proposed, with which we prove that the user p...In order to ensure the security of the property-based remote attestation scheme, an improved, more efficient, forrml security model of property-based remote attestation is proposed, with which we prove that the user platform satis- fies the security property requirements predefmed by a remote relying party. Under the co-Corrtautational Diffie-Helknan （CDH） assumption, the proposed scheme is proved to be secure in the random oracle model. Compared with the existing schemes, the proposed scheme has a short property certificate and signature size, and requires less computational cost.展开更多
In this paper, we propose a new notion of secure disguisable symmetric encryption schemes, which captures the idea that the attacker can decrypt an encrypted fie to different meaningful values when different keys are ...In this paper, we propose a new notion of secure disguisable symmetric encryption schemes, which captures the idea that the attacker can decrypt an encrypted fie to different meaningful values when different keys are put to the decryption algorithm. This notion is aimed for the following anti-forensics purpose： the attacker can cheat the forensics investigator by decrypting an encrypted file to a meaningful file other than that one he encrypted, in the case that he is caught by the forensics investigator and ordered to hand over the key for decryption. We then present a construction of secure disguisable symmetric encryption schemes.展开更多
A refrigerant mixture TJR02 was developed and the comparison experiment was performed on a singlestage vapor compression refrigeration system originally designed for R22.Experimental results show that TJR02 can be dir...A refrigerant mixture TJR02 was developed and the comparison experiment was performed on a singlestage vapor compression refrigeration system originally designed for R22.Experimental results show that TJR02 can be directly used in the system without modifying the original system or changing lubricant.By replacing R22 with TJR02,cooling rate gets faster and at least 20% of energy is saved.The actual detection in the standard test-bed verifies the experimental results and indicates that the adoption of TJR02 leads to greater efficiency and wider application.And the lower the refrigeratory temperature is,the more obvious the energy saving effects will be.展开更多
Democratic society requires that press freedom is reflected through the preservation of human rights. The aim of this study was to analyse quantitatively the media discourse in the environment of Galicia to see how th...Democratic society requires that press freedom is reflected through the preservation of human rights. The aim of this study was to analyse quantitatively the media discourse in the environment of Galicia to see how they deal with different aspects related to the subject. The papers used for the study were for the months from January to September Faro fie Vigo and La Voz de Galicia, in order to establish whether there is a constant in the treatment is done, especially in regard to topics, dedicated spaces, sources and so on.展开更多
In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly. the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the n...In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly. the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the new company law and foreign-invested enterprise law . Finally. Impact on the Law of Foreign Investment Enterprises. From these researches, it is concluded thai the promotion of the new company law on the relationship between FIEs and some suggestions for the coexistence of the two.展开更多
Estimation of domestic and overseas value-added of manufacturing sector is an important and difficult subject for the science-based evaluation of a country＇s trade interests under global value chain. Traditional HIY ...Estimation of domestic and overseas value-added of manufacturing sector is an important and difficult subject for the science-based evaluation of a country＇s trade interests under global value chain. Traditional HIY approach overestimates the domestic value- added of export. Although Koopman＇s method made certain improvements, it cannot utilize traditional I/O matrix and direct input coefficient matrix under the condition of incomplete information. By creating GAMS model, this paper addresses the above-mentioned problems and employs an improved model for the estimation of variations in domestic and overseas value-added of Chinese exports between 2002 and 2012. Our results indicate that by neglecting the export of processing trade, HIY approach overestimates the domestic value- added ratio of Chinese exports. As more imported intermediate inputs have been used in the export of processing trade, the estimation result of this paper have corrected deviations in the forecast of overseas value-added ratio and its tendencies based on HIY method Further analysis of specific factors of domestic value-added of export led to the discovery that the domestic value-added of export of processing trade and mixed trade is highly vulnerable to the impact of international capital inflow. It can be seen that the improved method for the estimation of value-added has indeed corrected the deviations in the estimation of China＇s value-added. In conclusion, China should accelerate the development of export of non- processing trade and trade in high-end services, and balance the relationship of export between local firms and foreign-funded firms, with a view to improving trade dependence and increasing the trade status of Chinese manufaeturing firms in global value chain.展开更多
This paper sets up a simplified dynamic discrete selection model to analyze two-stage decision of corporate export behavior and influence of exchange rate under the framework of profit maximization. Then we adopt Heck...This paper sets up a simplified dynamic discrete selection model to analyze two-stage decision of corporate export behavior and influence of exchange rate under the framework of profit maximization. Then we adopt Heckman selection model to estimate general effects and structural effects of RMB appreciation on export based on the sample data of China Industrial Enterprises from 2005 to 2009. Findings reveal that RMB appreciation has exerted a significant negative impact to corporate export through extensive margins and intensive margins. Meanwhile, due to different corporate strategies of heterogeneous enterprises, RMB appreciation cannot achieve the expected effect of ＂survival of the fittest＂ and is instead unfavorable to the optimization of export structure. RMB appreciatiou drives industry structure of export to evolve towards advanced levels to a certain extent. However, such a positive effect mainly derives from the contribution of foreign-funded enterprises while restricting development space of indigenous firms in the sector of advanced manufacturing.展开更多
This paper analyzes the status quo and progress of overseas oil and gas business cooperation built by Chinese oil enterprises in 2017. With the slow recovery of the oil and gas industries as a whole, the overseas oil ...This paper analyzes the status quo and progress of overseas oil and gas business cooperation built by Chinese oil enterprises in 2017. With the slow recovery of the oil and gas industries as a whole, the overseas oil and gas business of Chinese oil enterprises has continued to grow in size, and all-round cooperation progress was made along the Belt and Road. Breakthroughs were made in oil and gas cooperation between China and the United States. In the meantime, new features have emerged in the overseas cooperation of Chinese enterprises, and a pattern of diversified investors has basically taken shape.展开更多
文摘China＇s outward FDI has been increasing recently, as the country＇s policies over industrialization and national security change. Using financial data of 244 Chinese enterprises, this study empirically investigates the patterns and determinants of China＇s outward FDI from 2001 to 2008 for its seven major destinations. Tobit and multiple regression analyses indicate that early Chinese FDI in 2001 and 2002 is concentrated in the labor-intensive industries in Asia, like those of early Japanese FDI in the early 1970s as well as those of Korean FDI in 1990s. The results also indicate that non-production oriented manufacturers invested in North America, in order to seek for market cultivation, technological advance, R＆D skills, and name brands. We also found that the central state-owned enterprises are the key FDI players in the continents with locational disadvantages
基金supported by the Economyand Environment Program for Southeast Asia (EEPSEA)Beijing Science and Technology Commission (GrantNo.D09040903670905)+1 种基金Study on the Regional Air PollutionControl Strategy and PolicyShanghai Tongji Gao Tingyao Environmental Science and Technology Development Foundation
文摘Ground level ozone pollution has become a significant air pollution problem in Beijing. Because of the complex way in which ozone is formed, it is difficult for policy makers to identify optimal control options on a cost-effective basis. This paper identi-fies and assesses a range of options for addressing this problem. We apply the Ambient Least Cost Model and compare the eco-nomic costs of control options, then recommend the most effective sequence to realize pollution control at the lowest cost. The study finds that installing of Stage II gasoline vapor recovery system at Beijing's 1446 gasoline stations would be the most cost-effective option. Overall, options to reduce ozone pollution by cutting ve-hicular emissions are much more cost-effective than options to "clean up" coal-fired power plants.
文摘Since 1978, China＇s reform of real estate tax has made great strides with important milestones marked by the resumption of real estate tax collection on Chinese- funded enterprises and Chinese nationals. In the llth Five-Year Plan period （2006-2010）, the state administration completed the unification of tax rates for domestic and foreign- funded companies. However, the reform of real estate tax still requires many modifications during the 12th Five-Year Plan period （2011-2015）. The new plan should strive to streamline the tax system, adjust the tax base and tax rates, and delegate taxing authority.
文摘In China, the income tax of enterprise is very different between foreign funded enterprises and other domestic enterprises. It is believed that this discrimination is harmful to the entire economy. So there is a reform in the tax system to build a uniform enterprise income tax. This is a significant reform in China＇s tax system, so every decision about this have to count the cost and the benefit carefully. The author has introduced the Computable General Equilibrium （CGE） to simulate this new tax system and value its benefit and cost. There are two different models in the paper; they are of different assumptions and for different purposes. Model I is a static CGE model and model II is a Ramsey Dynamic model. The static model is mainly used for comparative static approach to examine how the tax reform will change the endogenous variables. According to the results of the model, more goods will be produced by both of the DFEs and FIEs after the tax reform in the medium and low tax effective tax rate situations. If the nominal tax rates decrease 24.24% （from 33% to 25%）, the enterprise income tax will only reduce 19.36% and the total tax revenue will only reduce 1.911%. The dynamic model will concentrate on the costs and benefits during the transition. From the results of the model, a lower tax rate will increase the level of investment, capital stock, capital prices, wage rate and also the growth rates through transition. If the capital tax rates are changed gradually, the fluctuating of transition will be smoothed a little.
基金This work was supported by the National Natural Science Foundation of China under Crants No. 60842002, No. 61272542, No. 60903018, No. 61103183, No. 61103184 the National High- Tech Research and Development Plan of China under Ca＇ant No. 2007AA01Z409+1 种基金 the Fundamental Research Funds for the Central Universities under Crants No. 2009B21114, No. 20101307114 the ＂Six Talent Peaks Program＂ of Jiangsu Province of China under Crant No. 2009182 and Program for New Century Excellent Talents in Hohai University.
文摘In order to ensure the security of the property-based remote attestation scheme, an improved, more efficient, forrml security model of property-based remote attestation is proposed, with which we prove that the user platform satis- fies the security property requirements predefmed by a remote relying party. Under the co-Corrtautational Diffie-Helknan （CDH） assumption, the proposed scheme is proved to be secure in the random oracle model. Compared with the existing schemes, the proposed scheme has a short property certificate and signature size, and requires less computational cost.
文摘In this paper, we propose a new notion of secure disguisable symmetric encryption schemes, which captures the idea that the attacker can decrypt an encrypted fie to different meaningful values when different keys are put to the decryption algorithm. This notion is aimed for the following anti-forensics purpose： the attacker can cheat the forensics investigator by decrypting an encrypted file to a meaningful file other than that one he encrypted, in the case that he is caught by the forensics investigator and ordered to hand over the key for decryption. We then present a construction of secure disguisable symmetric encryption schemes.
基金Supported by the Key Technology R&D Program of Tianjin,China(No.11ZCKFGX21100)Tianjin New Coastal District "Ten Campaign" Major Science and Technology Project(No.2010-BK140009 and 2010-BK140002)+1 种基金National Basic Research Program of China("973" Program,No.2009CB219900)the Program for Changjiang Scholars and Innovative Research Team in University(No.IRT0936)
文摘A refrigerant mixture TJR02 was developed and the comparison experiment was performed on a singlestage vapor compression refrigeration system originally designed for R22.Experimental results show that TJR02 can be directly used in the system without modifying the original system or changing lubricant.By replacing R22 with TJR02,cooling rate gets faster and at least 20% of energy is saved.The actual detection in the standard test-bed verifies the experimental results and indicates that the adoption of TJR02 leads to greater efficiency and wider application.And the lower the refrigeratory temperature is,the more obvious the energy saving effects will be.
文摘Democratic society requires that press freedom is reflected through the preservation of human rights. The aim of this study was to analyse quantitatively the media discourse in the environment of Galicia to see how they deal with different aspects related to the subject. The papers used for the study were for the months from January to September Faro fie Vigo and La Voz de Galicia, in order to establish whether there is a constant in the treatment is done, especially in regard to topics, dedicated spaces, sources and so on.
文摘In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly. the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the new company law and foreign-invested enterprise law . Finally. Impact on the Law of Foreign Investment Enterprises. From these researches, it is concluded thai the promotion of the new company law on the relationship between FIEs and some suggestions for the coexistence of the two.
基金Project of the National Natural Sciences Foundation"Study on Trade,Investment and Industrial Relocation Based on Value Chain for the Belt and Road Initiative"(Approval No.71441039)
文摘Estimation of domestic and overseas value-added of manufacturing sector is an important and difficult subject for the science-based evaluation of a country＇s trade interests under global value chain. Traditional HIY approach overestimates the domestic value- added of export. Although Koopman＇s method made certain improvements, it cannot utilize traditional I/O matrix and direct input coefficient matrix under the condition of incomplete information. By creating GAMS model, this paper addresses the above-mentioned problems and employs an improved model for the estimation of variations in domestic and overseas value-added of Chinese exports between 2002 and 2012. Our results indicate that by neglecting the export of processing trade, HIY approach overestimates the domestic value- added ratio of Chinese exports. As more imported intermediate inputs have been used in the export of processing trade, the estimation result of this paper have corrected deviations in the forecast of overseas value-added ratio and its tendencies based on HIY method Further analysis of specific factors of domestic value-added of export led to the discovery that the domestic value-added of export of processing trade and mixed trade is highly vulnerable to the impact of international capital inflow. It can be seen that the improved method for the estimation of value-added has indeed corrected the deviations in the estimation of China＇s value-added. In conclusion, China should accelerate the development of export of non- processing trade and trade in high-end services, and balance the relationship of export between local firms and foreign-funded firms, with a view to improving trade dependence and increasing the trade status of Chinese manufaeturing firms in global value chain.
文摘This paper sets up a simplified dynamic discrete selection model to analyze two-stage decision of corporate export behavior and influence of exchange rate under the framework of profit maximization. Then we adopt Heckman selection model to estimate general effects and structural effects of RMB appreciation on export based on the sample data of China Industrial Enterprises from 2005 to 2009. Findings reveal that RMB appreciation has exerted a significant negative impact to corporate export through extensive margins and intensive margins. Meanwhile, due to different corporate strategies of heterogeneous enterprises, RMB appreciation cannot achieve the expected effect of ＂survival of the fittest＂ and is instead unfavorable to the optimization of export structure. RMB appreciatiou drives industry structure of export to evolve towards advanced levels to a certain extent. However, such a positive effect mainly derives from the contribution of foreign-funded enterprises while restricting development space of indigenous firms in the sector of advanced manufacturing.
文摘This paper analyzes the status quo and progress of overseas oil and gas business cooperation built by Chinese oil enterprises in 2017. With the slow recovery of the oil and gas industries as a whole, the overseas oil and gas business of Chinese oil enterprises has continued to grow in size, and all-round cooperation progress was made along the Belt and Road. Breakthroughs were made in oil and gas cooperation between China and the United States. In the meantime, new features have emerged in the overseas cooperation of Chinese enterprises, and a pattern of diversified investors has basically taken shape.
