China Economist has continuously carried out surveys among economists and this round of survey focuses on comparison and interactions between China＇s and the United States＇ economies. The result of the survey shows ...China Economist has continuously carried out surveys among economists and this round of survey focuses on comparison and interactions between China＇s and the United States＇ economies. The result of the survey shows that economists are generally optimistic about the outlook of both countries＇economies. Respondents believed that great differences exist in the components of industrial competitiveness of China and the US; while the US leads in terms of talent, creativity, social system, industrial system integrity and financing, cost is the biggest barrier to improvement in US competitiveness. In comparison, China leads in infrastructure, cost competitiveness and government driving force but inadequate technology is the biggest barrier to improvement in China＇s competitiveness. Respondents believed that in the coming 20years, China＇s economic growth will be 5.2% and US growth will be 2.4%. Around 2034, China＇s economic aggregate will equal the US level but it will take over 60 years for China to catch up with the US in terms of per capita GDP. China＇s manufacturing technology will equal the US level around 2045. More than 62% of economists believed that the Trump administration will effectively re-shore manufacturing and the average score they give to Trump＇s ＂first 100 days ＂＂ in office is 76 points. More than 61% of economists considered it unlikely that a serious trade war will break out between China and the US. They generally believed that China and the US cooperate and compete with each other and that China-US trade enjoys great potential to grow. According to the survey, respondents are more confident about China＇s debt sustainability in comparison with the US.展开更多
Apocalypse Now is a 1979 American epic war film set during the Vietnam War, directed and produced by Francis Ford Coppola. It was originally adapted from the novella Heart of Darkness （1902）, which was written in th...Apocalypse Now is a 1979 American epic war film set during the Vietnam War, directed and produced by Francis Ford Coppola. It was originally adapted from the novella Heart of Darkness （1902）, which was written in the colonial era. Apocalypse Now Redux （2001） is a refined version of the 1979 edition. In previous researches, most scholars only focused on either of the two adapted versions in terms of thematic discussion and narrative analysis, which have ignored the significance of the evolution of the film and the changing historical contexts. Accordingly, on the basis of narrative theory and cultural study, the thesis makes a narrative analysis of the evolution of Apocalypse Now Redux （2001）. It indicates that through some newly-inserted narrative elements in Apocalypse Now Redux （2001）, more attention is paid to minority groups, darkness in war and media quagmire, which is related to different historical and political contexts and endeavors to remind the American public of the harsh lesson of Vietnam War in the 20th century. However, efforts to restraint the war seem to be ineffective, which is fully exemplified by Iraq War in 2003展开更多
The empirical study shows that the return rate of the stock price has a long memory, which can be described by fractal Brown motion. The fact that fractal Brown motion does not have the characteristics of Markov makes...The empirical study shows that the return rate of the stock price has a long memory, which can be described by fractal Brown motion. The fact that fractal Brown motion does not have the characteristics of Markov makes the American option value depends on the price change path of the underlying asset. And the ordinary American option pricing model underestimates the American option value. In order to fully reflect the long memory of the underlying asset return rates, we propose fractal American option pricing model, fractal Bermuda option pricing model, and a fractal combination of American option pricing model. Fractal American option value is greater than the ordinary American option value.展开更多
文摘China Economist has continuously carried out surveys among economists and this round of survey focuses on comparison and interactions between China＇s and the United States＇ economies. The result of the survey shows that economists are generally optimistic about the outlook of both countries＇economies. Respondents believed that great differences exist in the components of industrial competitiveness of China and the US; while the US leads in terms of talent, creativity, social system, industrial system integrity and financing, cost is the biggest barrier to improvement in US competitiveness. In comparison, China leads in infrastructure, cost competitiveness and government driving force but inadequate technology is the biggest barrier to improvement in China＇s competitiveness. Respondents believed that in the coming 20years, China＇s economic growth will be 5.2% and US growth will be 2.4%. Around 2034, China＇s economic aggregate will equal the US level but it will take over 60 years for China to catch up with the US in terms of per capita GDP. China＇s manufacturing technology will equal the US level around 2045. More than 62% of economists believed that the Trump administration will effectively re-shore manufacturing and the average score they give to Trump＇s ＂first 100 days ＂＂ in office is 76 points. More than 61% of economists considered it unlikely that a serious trade war will break out between China and the US. They generally believed that China and the US cooperate and compete with each other and that China-US trade enjoys great potential to grow. According to the survey, respondents are more confident about China＇s debt sustainability in comparison with the US.
文摘Apocalypse Now is a 1979 American epic war film set during the Vietnam War, directed and produced by Francis Ford Coppola. It was originally adapted from the novella Heart of Darkness （1902）, which was written in the colonial era. Apocalypse Now Redux （2001） is a refined version of the 1979 edition. In previous researches, most scholars only focused on either of the two adapted versions in terms of thematic discussion and narrative analysis, which have ignored the significance of the evolution of the film and the changing historical contexts. Accordingly, on the basis of narrative theory and cultural study, the thesis makes a narrative analysis of the evolution of Apocalypse Now Redux （2001）. It indicates that through some newly-inserted narrative elements in Apocalypse Now Redux （2001）, more attention is paid to minority groups, darkness in war and media quagmire, which is related to different historical and political contexts and endeavors to remind the American public of the harsh lesson of Vietnam War in the 20th century. However, efforts to restraint the war seem to be ineffective, which is fully exemplified by Iraq War in 2003
文摘The empirical study shows that the return rate of the stock price has a long memory, which can be described by fractal Brown motion. The fact that fractal Brown motion does not have the characteristics of Markov makes the American option value depends on the price change path of the underlying asset. And the ordinary American option pricing model underestimates the American option value. In order to fully reflect the long memory of the underlying asset return rates, we propose fractal American option pricing model, fractal Bermuda option pricing model, and a fractal combination of American option pricing model. Fractal American option value is greater than the ordinary American option value.
