With the growing eldes, our country has entered an aging population society. Social endowment insurance has not meet the demand of people, more and more people are turning to commercial endowment insurance field for h...With the growing eldes, our country has entered an aging population society. Social endowment insurance has not meet the demand of people, more and more people are turning to commercial endowment insurance field for help. As a new form of commercial endowment insurance, personal tax deferred model of commercial endowment insurance has huge development space in our country. This paper analyzes the necessity of implementing tax deferred endowment insurance and explores the feasibility and obstacle of individual tax deferred endowment from the point of the government policy, financial income and economic development .At the same time,this paper hold the view that though the personal tax deferred model of commercial endowment insurance may has some bottlenecks in the process of implementing, there are considerable development prospects.展开更多
Under the new situation of advocating the development of circular economy and low-carbon economy in the world, the agriculture is facing all the challenges to ensure food safety, dealing with climate change, promote e...Under the new situation of advocating the development of circular economy and low-carbon economy in the world, the agriculture is facing all the challenges to ensure food safety, dealing with climate change, promote energy conservation and pollution reduction, protect resources and environment, and increase the income of farmers. Moreover, developing circular agriculture is in the direction that the international challenges can be dealt with and the development of agriculture in China can be accelerated. This paper has reported current situation of agricultural circular economy, keep energy conservation and pollution reduction, and analyzed the basic thought of developing agricultural circular economy.展开更多
Empirical study of sectoral-level change in LIS in China reveals that change in industry structure is synchronous and positively correlated with LIS in different sectors of the economy, intensifying overall LIS fluctu...Empirical study of sectoral-level change in LIS in China reveals that change in industry structure is synchronous and positively correlated with LIS in different sectors of the economy, intensifying overall LIS fluctuations. Our analysis of LIS based on data from the major sectors of China＇s economy show that, relative to 1993, the increase in LIS in 1996 was largely due to the increased proportion of LIS in secondary industry. Relative to 1996, the fall in LIS in 2003 was closely related to the fall in the proportion of primary industry in the overall economy. The year 2004 was unusual in that it witnessed a dramatic fall in overall LIS level. The primary reason for the fall was a change in statistical definition that led to a significant reduction in LIS in the secondary and tertiary sectors. There were huge variations in LIS level among different regions. However, with the passage of time, the regional disparities are gradually being reduced. This is also closely connected to changes in industry structure and within-sector LIS fluctuations.展开更多
On the basis of the 1992-2003 flow of funds accounts for China released by the National Statistics Bureau, this article conducts a comparative analysis of the saving rates of the household, corporate and government se...On the basis of the 1992-2003 flow of funds accounts for China released by the National Statistics Bureau, this article conducts a comparative analysis of the saving rates of the household, corporate and government sectors from the perspective of income distribution and saving propensity. We found that although the household sector had the highest saving rate, it had actually trended downwards since 1992, as a result of falling labor compensation, property income and income from redistribution. Over this period, the corporate saving rate rose slowly, mainly because of a prolonged period of relatively low wage and interest costs rather than increased profitability. The government saving rate, which remained low in the last century, rose dramatically after 2000. The main reasons for this were the ever- increasing share of government disposable revenue in national income distribution via primary distribution and redistribution and the sector＇s increased saving propensity. Our policy recommendations suggest that in order to implement an economic development strategy centered on boosting domestic consumption, China should shift its economic focus to improving the income distribution structure and increasing household income. For this purpose, fiscal policies should be oriented toward increased public financing, public expenditure and social security expenditure and toward higher labor compensation based on increased productivity in the corporate sector. These aims should be taken as the objectives of national c regulation.展开更多
Adjusting to Slower Pace Growth in China is expected to decelerate to 7.1 percent in 2015 and 6.9 percentby 2017,reflecting a growth trajectory that is slower but more balanced and sustainable——a＂new normal＂for th...Adjusting to Slower Pace Growth in China is expected to decelerate to 7.1 percent in 2015 and 6.9 percentby 2017,reflecting a growth trajectory that is slower but more balanced and sustainable——a＂new normal＂for the world’s second largest economy—according to the World Bank’s China Economic Update released on July 1.展开更多
Parents are willing to spend for their children, no matter their financial situ- ations. According to a recent survey conducted by the China Research Center for Children＇s Industry, an institution specializing in res...Parents are willing to spend for their children, no matter their financial situ- ations. According to a recent survey conducted by the China Research Center for Children＇s Industry, an institution specializing in research in children＇s industry, spending for children accounts for 30 to 50 percent of 80 percent of families and has become one of the biggest areas of consumption in the Chinese mainland.展开更多
文摘With the growing eldes, our country has entered an aging population society. Social endowment insurance has not meet the demand of people, more and more people are turning to commercial endowment insurance field for help. As a new form of commercial endowment insurance, personal tax deferred model of commercial endowment insurance has huge development space in our country. This paper analyzes the necessity of implementing tax deferred endowment insurance and explores the feasibility and obstacle of individual tax deferred endowment from the point of the government policy, financial income and economic development .At the same time,this paper hold the view that though the personal tax deferred model of commercial endowment insurance may has some bottlenecks in the process of implementing, there are considerable development prospects.
文摘Under the new situation of advocating the development of circular economy and low-carbon economy in the world, the agriculture is facing all the challenges to ensure food safety, dealing with climate change, promote energy conservation and pollution reduction, protect resources and environment, and increase the income of farmers. Moreover, developing circular agriculture is in the direction that the international challenges can be dealt with and the development of agriculture in China can be accelerated. This paper has reported current situation of agricultural circular economy, keep energy conservation and pollution reduction, and analyzed the basic thought of developing agricultural circular economy.
基金The authors express their appreciation for the funding support provided by the National Natural Science Foundation program, ＂Research on the Improvement of Chinese Employees＇ Wage and SaIary Formation Mechanisms＂ （project number： 70873022）, the Key Project of the Shanghai Scientific and Technological Innovation Committee （project number： 09ZS 11）, the Young Scholars Program in Social Science Research of the Ministry of Education （project number： 06JC790012）, and the Shanghai Key Project Research Program （project number： B101）. The original draft was presented at the 188th lecture in the Modern Economics Series hosted by the Research Center for the Chinese Socialist Market Economy at Fudan University. We hereby extend our sincere thanks to all the participants and our anonymous reviewers for their constructive comments. Needless to say, we are responsible for any errors or omissions in this study.
文摘Empirical study of sectoral-level change in LIS in China reveals that change in industry structure is synchronous and positively correlated with LIS in different sectors of the economy, intensifying overall LIS fluctuations. Our analysis of LIS based on data from the major sectors of China＇s economy show that, relative to 1993, the increase in LIS in 1996 was largely due to the increased proportion of LIS in secondary industry. Relative to 1996, the fall in LIS in 2003 was closely related to the fall in the proportion of primary industry in the overall economy. The year 2004 was unusual in that it witnessed a dramatic fall in overall LIS level. The primary reason for the fall was a change in statistical definition that led to a significant reduction in LIS in the secondary and tertiary sectors. There were huge variations in LIS level among different regions. However, with the passage of time, the regional disparities are gradually being reduced. This is also closely connected to changes in industry structure and within-sector LIS fluctuations.
文摘On the basis of the 1992-2003 flow of funds accounts for China released by the National Statistics Bureau, this article conducts a comparative analysis of the saving rates of the household, corporate and government sectors from the perspective of income distribution and saving propensity. We found that although the household sector had the highest saving rate, it had actually trended downwards since 1992, as a result of falling labor compensation, property income and income from redistribution. Over this period, the corporate saving rate rose slowly, mainly because of a prolonged period of relatively low wage and interest costs rather than increased profitability. The government saving rate, which remained low in the last century, rose dramatically after 2000. The main reasons for this were the ever- increasing share of government disposable revenue in national income distribution via primary distribution and redistribution and the sector＇s increased saving propensity. Our policy recommendations suggest that in order to implement an economic development strategy centered on boosting domestic consumption, China should shift its economic focus to improving the income distribution structure and increasing household income. For this purpose, fiscal policies should be oriented toward increased public financing, public expenditure and social security expenditure and toward higher labor compensation based on increased productivity in the corporate sector. These aims should be taken as the objectives of national c regulation.
文摘Adjusting to Slower Pace Growth in China is expected to decelerate to 7.1 percent in 2015 and 6.9 percentby 2017,reflecting a growth trajectory that is slower but more balanced and sustainable——a＂new normal＂for the world’s second largest economy—according to the World Bank’s China Economic Update released on July 1.
文摘Parents are willing to spend for their children, no matter their financial situ- ations. According to a recent survey conducted by the China Research Center for Children＇s Industry, an institution specializing in research in children＇s industry, spending for children accounts for 30 to 50 percent of 80 percent of families and has become one of the biggest areas of consumption in the Chinese mainland.
