The spirit of craftsmanship applies to every trade. In the context of opportunities arising from the new industrial revolution and China＇s transition towards high-end manufacturing, Premier Li Keqiang put forward the...The spirit of craftsmanship applies to every trade. In the context of opportunities arising from the new industrial revolution and China＇s transition towards high-end manufacturing, Premier Li Keqiang put forward the concept of the spirit of craftsmanship. This paper reckons that the spirit of craftsmanship can be defined from six dimensions including dedication, standard, precision, innovation, perfection and human care. In fact, the spirit of craftsmanship abounds in China, as illustrated by the examples of Tongrentang and Haier. In comparing the three manufacturing powers of Germany, Japan and the United States, this paper reveals the differences in the connotations of the spirit of craftsmanship across these countries. According to specific national conditions and development stage, China must achieve structural re-engineering of corporate organizations at the level of firms, products, divisions and modules. In a nutshell, the spirit of craftsmanship is a core component of corporate and industrial civilization and it holds an important historic position in industrial and social civilization.展开更多
Since market-oriented economy reform, China has experienced significant changes in urban landscapes and the internal structure of cities. Housing marketization provides an opportunity for households to choose their re...Since market-oriented economy reform, China has experienced significant changes in urban landscapes and the internal structure of cities. Housing marketization provides an opportunity for households to choose their residences. However, not all households benefit equally from residential relocation. Residential relocation in urban China has relatively strong association with the household’s position within the spectrum from state redistribution to market reward than with life cycles and consequent adjustment of housing demand, which are the primary reasons for residential mobility in a mature market. In this research we focused on social aspects, mainly relating to the impact of urban redevelopment in inner city of Ningbo and the resultant potential housing problem. This research is based on a questionnaire survey that was conducted in three neighborhoods redeveloped at different time periods in the past fifteen years. The findings suggest that new strategy of redevelopment of the integrated envi-ronment of the old city while still improving the living condition for its residents can be heard due to the efforts of many people at various positions. Yet, many things need to be done to change people’s ideas: information and education through newspapers, academic discussions through academic journals, conferences, and reports to decision makers.展开更多
The development of pension finance is of great significance to China. first of all, the development of pension finance is conducive to improving China＇s multi-level and multi-pillar pension system, promote the sustai...The development of pension finance is of great significance to China. first of all, the development of pension finance is conducive to improving China＇s multi-level and multi-pillar pension system, promote the sustainable development of the social security system; secondly, the development of pension finance will create a new ＂blue ocean＂ in the financial markets, which is conducive to the improvement of China＇s financial system and capital market;finally, the development of pension finance will help supply-side reforms,which is conducive to the healthy development of the national economy of china. But now there are many difficulties： first, the top-design of China＇s social security system is not perfect; secondly, the current development model of pension finance in China is unclear, the return on investment mechanism is not perfect, the attractiveness of these projects needs to be improved; finally, under the background of Interact finance, mixed supervision is imminent. Therefore, under the new economic conditions must be structured from the supply side of the reform, the development of pension funds to seek the right ideas.展开更多
In the last couple of years, social financing costs have shot up in China despite an overall capital abundance and increasing market-based capital allocation. This paper has investigated overall financial cost and cap...In the last couple of years, social financing costs have shot up in China despite an overall capital abundance and increasing market-based capital allocation. This paper has investigated overall financial cost and capital cost ratio as two measurements of financing cost, compared financing costs of different channels, examined the relationship of risk premium, financial repression, interest rate liberalization, and resource occupation versus financing cost, and addressed the problem of high non-manufacturing cost. On such a basis, specific countermeasures have been proposed. The main conclusion of this paper is： The current high social financing costs primarily result from economic structural imbalance. The fundamental solution lies in continuing structural reform and credibility system development to eliminate barriers in the transmission of capital circulation policies such as expanding equity financing, relaxing market access formalities for small and micro financial institutions, and improving the bankruptcy system to give full play to the ＂survival of the fittest＂ mechanism of the market.展开更多
文摘The spirit of craftsmanship applies to every trade. In the context of opportunities arising from the new industrial revolution and China＇s transition towards high-end manufacturing, Premier Li Keqiang put forward the concept of the spirit of craftsmanship. This paper reckons that the spirit of craftsmanship can be defined from six dimensions including dedication, standard, precision, innovation, perfection and human care. In fact, the spirit of craftsmanship abounds in China, as illustrated by the examples of Tongrentang and Haier. In comparing the three manufacturing powers of Germany, Japan and the United States, this paper reveals the differences in the connotations of the spirit of craftsmanship across these countries. According to specific national conditions and development stage, China must achieve structural re-engineering of corporate organizations at the level of firms, products, divisions and modules. In a nutshell, the spirit of craftsmanship is a core component of corporate and industrial civilization and it holds an important historic position in industrial and social civilization.
基金Project (No. 50238010) supported by the National Natural ScienceFoundation of China
文摘Since market-oriented economy reform, China has experienced significant changes in urban landscapes and the internal structure of cities. Housing marketization provides an opportunity for households to choose their residences. However, not all households benefit equally from residential relocation. Residential relocation in urban China has relatively strong association with the household’s position within the spectrum from state redistribution to market reward than with life cycles and consequent adjustment of housing demand, which are the primary reasons for residential mobility in a mature market. In this research we focused on social aspects, mainly relating to the impact of urban redevelopment in inner city of Ningbo and the resultant potential housing problem. This research is based on a questionnaire survey that was conducted in three neighborhoods redeveloped at different time periods in the past fifteen years. The findings suggest that new strategy of redevelopment of the integrated envi-ronment of the old city while still improving the living condition for its residents can be heard due to the efforts of many people at various positions. Yet, many things need to be done to change people’s ideas: information and education through newspapers, academic discussions through academic journals, conferences, and reports to decision makers.
文摘The development of pension finance is of great significance to China. first of all, the development of pension finance is conducive to improving China＇s multi-level and multi-pillar pension system, promote the sustainable development of the social security system; secondly, the development of pension finance will create a new ＂blue ocean＂ in the financial markets, which is conducive to the improvement of China＇s financial system and capital market;finally, the development of pension finance will help supply-side reforms,which is conducive to the healthy development of the national economy of china. But now there are many difficulties： first, the top-design of China＇s social security system is not perfect; secondly, the current development model of pension finance in China is unclear, the return on investment mechanism is not perfect, the attractiveness of these projects needs to be improved; finally, under the background of Interact finance, mixed supervision is imminent. Therefore, under the new economic conditions must be structured from the supply side of the reform, the development of pension funds to seek the right ideas.
文摘In the last couple of years, social financing costs have shot up in China despite an overall capital abundance and increasing market-based capital allocation. This paper has investigated overall financial cost and capital cost ratio as two measurements of financing cost, compared financing costs of different channels, examined the relationship of risk premium, financial repression, interest rate liberalization, and resource occupation versus financing cost, and addressed the problem of high non-manufacturing cost. On such a basis, specific countermeasures have been proposed. The main conclusion of this paper is： The current high social financing costs primarily result from economic structural imbalance. The fundamental solution lies in continuing structural reform and credibility system development to eliminate barriers in the transmission of capital circulation policies such as expanding equity financing, relaxing market access formalities for small and micro financial institutions, and improving the bankruptcy system to give full play to the ＂survival of the fittest＂ mechanism of the market.
