Base on the full and accurate statistical informa tion, the status and existing technical problems of wind power in China are analyzed in terms of yearly installed capacity, single unit capacity, regional distribution...Base on the full and accurate statistical informa tion, the status and existing technical problems of wind power in China are analyzed in terms of yearly installed capacity, single unit capacity, regional distribution, investment as well as the market shares and the local ization of wind power units etc. The paper believes that wind power industry in China will grow by leaps and bounds in near future.展开更多
Material dematerialization is a basic approach to reduce the pressure on the resources and environment and to realize the sustainable development. The material flow analysis and decomposition method are used to calcul...Material dematerialization is a basic approach to reduce the pressure on the resources and environment and to realize the sustainable development. The material flow analysis and decomposition method are used to calculate the direct material input (DMI) of 14 typical mining cities in Northeast China in 1995–2004 and to analyze the demateri- alization and its driving factors in the different types of mining cities oriented by coal, petroleum, metallurgy and multi-resources. The results are as follows: 1) from 1995 to 2006, the increase rates of the DMI and the material input intensity of mining cities declined following the order of multi-resources, metallurgy, coal, and petroleum cities, and the material utilizing efficiency did following the order of petroleum, coal, metallurgy, and multi-resources cities; 2) during the research period, all the kinds of mining cities were in the situation of weak sustainable development in most years; 3) the pressure on resources and environment in the multi-resources cities was the most serious; 4) the petro- leum cities showed the strong trend of sustainable development; and 5) in recent years, the driving function of eco- nomic development for material consuming has continuously strengthened and the controlling function of material utilizing efficiency for it has weakened. The key approaches to promote the development of circular economy of min- ing cities in Northeast China are put forward in the following aspects: 1) to strengthen the research and development of the technique of resources’ cycling utilization, 2) to improve the utilizing efficiency of resources, and 3) to carry out the auditing system of resources utilization.展开更多
A key target of the overall strategy implementation for regional development since the 18th Party Congress of China has involved taking measures to narrow regional disparities. This is because resource-based cities...A key target of the overall strategy implementation for regional development since the 18th Party Congress of China has involved taking measures to narrow regional disparities. This is because resource-based cities' economic development has fallen below general levels due to resource exhaustion and an unbalanced industrial structure, among other factors. Further, an economic gap has long existed between Northeast China's large number of resource-based cities and non-resource-based cities. This article comprehensively studies the economic convergence of Northeast China's resource-based cities and non-resource-based cities from 1996 to 2015 by using a dynamic panel to analyze not only the economic development of different industries and types of cities, but also the main factors that influence economic development. The empirical results demonstrate that economic convergence exists in both resource-based and non-resource-based cities, but the economic gap between them has clearly narrowed since the implementation of a strategy to revitalize the Northeast's old industrial base. Shrinking cities are the fastest to converge, as mature cities are slower and regenerating cities are the slowest; regarding industry structure, the secondary industry dominates the economy in mature and shrinking cities, and the tertiary industry in regenerating cities. The primary stimulus in resource-based cities' economic development involves upgrading the industrial structure and investing in human capital. As China faces a ‘new normal' economy, resource-based cities in Northeast China should restructure the economy and perfect their market system to avoid again widening the economic gap.展开更多
Nowadays the fast economic development has brought about serious conflicts between the limited land resources and the increasing land demand in Chuzhou City. The changes of land use structure also restrict economic de...Nowadays the fast economic development has brought about serious conflicts between the limited land resources and the increasing land demand in Chuzhou City. The changes of land use structure also restrict economic development and society progress in this area. Because different cities have different functional localization, the city area and each county (city) have formed characteristic land utilization structure. It is of great significance to make rational use of land resources and ensure the sustainable use of land resources by analyzing the variation of land use structure in the city area and each county (city) in Chuzhou City. Based on the data of land use modification of Chuzhou City from 1996 to 2005 and adopting the quantitative analysis of landscape ecology, this paper studies quantitatively the temporal division of regional land use structure and its dynamic changes. The results indicate that: (1) this method can reveal the law of the variation; (2) the variation of land use structure in Chuzhou City: increasing diversification, evenness and heterogeneity; (3) the intensity of change in land use from 1996 to 2005 in the city appeared in the sequence: grass land > traffic land > garden land > virgin land > forest land > industrial and residential land > cultivated land > other agricultural land > water facility land; (4) there were remarkable differences between the city area and each county (city) in the relative change and the land use structure change from 1996 to 2005. This paper analyzes the variation of land use structure in Chuzhou City, and finally proposes related countermeasures and suggestions.展开更多
This paper investigates the market timing hypothesis of capital structure using a sample of 1,077 Chinese firms for the period 1992 to 2007. We find that market timing plays a significant role in capital structure dec...This paper investigates the market timing hypothesis of capital structure using a sample of 1,077 Chinese firms for the period 1992 to 2007. We find that market timing plays a significant role in capital structure decisions. However, market timing effects are not persistent and disappear within three years. The results suggest the prominent role played by the government in timing of security issues.展开更多
From the point of view of urban consumption behavior, urban fresh water consumption could be classified as three types, namely, direct, indirect and induced water consumption. A calculation approach of urban flesh wat...From the point of view of urban consumption behavior, urban fresh water consumption could be classified as three types, namely, direct, indirect and induced water consumption. A calculation approach of urban flesh water consumption was presented based on the theory of urban basic material consumption and the input-output method, which was utilized to calculate urban fresh water consumption of China, and to analyze its structural change and causes. The results show that the total urban flesh water consumption increased 561.7× 10^9m^3, and the proportion to the total national flesh water resources increased by 20 percentage points from 1952 to 2005. The proportion of direct and induced water consumption had been continuously rising, and it increased by 15 and 35 percentage points separately from 1952 to 2005, while the proportion of indirect water consumption decreased by 50 percentage points. Urban indi- rect water consumption was mainly related to urban grain, beef and mutton consumption, and urban induced water consumption had a close relationship with the amount of carbon emission per capita. Finally, some countermeasures were put forward to realize sustainable utilization of urban fresh water resources in China.展开更多
Since the early 1990s, China has become the largest destination of Japanese foreign direct investment (FDI). Observing this trend, the authors analyzed whether Japanese FDI did promote exports from China to the rest...Since the early 1990s, China has become the largest destination of Japanese foreign direct investment (FDI). Observing this trend, the authors analyzed whether Japanese FDI did promote exports from China to the rest of the world, and more importantly, whether this is a strategy adopted by Japanese multinationals to penetrate not only the Chinese market but also the global market. This analysis takes into account not only the direct effects of FDI on exports, but also the indirect effects, by examining the mediating role of export oriented Japanese FDI in China from 1998 to 2007 through panel analysis. The study contributes to the conceptual framework of indirect relationship among the macroeconomic variables, FDI and exports provides some insights into the strategy of export oriented Japanese FDI in creating a win-win platform for Japan and China.展开更多
With the increasing population in the urban cities of the world,the demand for food from distant areas has been on the rise but at the expense of scarce natural resources like oil,water and forest,etc.However,producin...With the increasing population in the urban cities of the world,the demand for food from distant areas has been on the rise but at the expense of scarce natural resources like oil,water and forest,etc.However,producing food locally in urban centers provides a sustainable mechanism of reducing the carbon,food or ecological footprints of these cities in particular and environmental degradation in general.It creates a circular metabolic system in which the natural inputs are efficiently harnessed rather than the linear metabolic system in which resources flow in and wastes flow out.This article analyzes some urban agricultural local initiatives in urban centers of the worlds that promote a circular metabolic systems and proposes the procedure that can be adopted to promote urban agriculture.展开更多
Investor education is not only one of the most important and fundamental institutional constructions at capital market, but also an important part of the cultural construction of capital market. At the present stage, ...Investor education is not only one of the most important and fundamental institutional constructions at capital market, but also an important part of the cultural construction of capital market. At the present stage, the long-effect mechanism for investor education is not only a demand of China's securities market on its healthy development, but also an objective reality that China's investor education is necessary to confront with. For these reasons, it is necessary for China to deepen investor education, expand investor education platform, strengthen risk prevention, and take initiative to build up a multi-level investor education system, and ultimately establish and improve a long-effect mechanism for investor education, so as to ensure the stable, harmonious and order development of China's Securities market in futures.展开更多
Using China A-shares capital market data of 2002-2005, this paper supports the conclusion that client importance is negatively associated with audit quality. Further, we partition the sample into Big 4 and Non-Big 4. ...Using China A-shares capital market data of 2002-2005, this paper supports the conclusion that client importance is negatively associated with audit quality. Further, we partition the sample into Big 4 and Non-Big 4. In subgroup of Non-Big 4, client importance is negatively associated with audit quality statistically. However, this association isn't statistically significant in Big 4 subgroup. The conclusion is significant for the development of CPA finns.展开更多
This paper introduces overall policy and economic environment for power industry in China. Thepolicy environment tends to be favorable, while the economic environment seems worrisome. The latter ismainly due to energy...This paper introduces overall policy and economic environment for power industry in China. Thepolicy environment tends to be favorable, while the economic environment seems worrisome. The latter ismainly due to energy transportation blocking and price escalating. The paper also introduces the performanceand development of listed power companies, and points out that the power stock market is still promising andpower industry is still valuable for investment.展开更多
This paper explores the performances of some frequently used asset pricing factors and their investment implications in Chinese stock market. It is noted that CAPM model can hardly be applied to Chinese market as port...This paper explores the performances of some frequently used asset pricing factors and their investment implications in Chinese stock market. It is noted that CAPM model can hardly be applied to Chinese market as portfolios based on 13 values cannot generate high return against high risk. However, two factors (Size and B/M) from Fama-French model (1992) deliver better performances. Such findings indicate that models based on theoretical analysis are somewhat away from practice, and those risk factors from empirical studies are more applicable though not based on theories. Therefore, further researches are desirable concerning asset pricing factors.展开更多
The efficient use of water resources directly affects environmental, social, and economic development; therefore, it has a significant impact on urban populations. A slacks-based measure for data envelopment analysis ...The efficient use of water resources directly affects environmental, social, and economic development; therefore, it has a significant impact on urban populations. A slacks-based measure for data envelopment analysis (SBM-DEA) has been widely used in energy efficiency and environmental efficiency analyses in recent years. Based on this model, data from 316 cities were examined and a category method was employed involving three different sorting techniques to empirically evaluate the efficiency of urban water re- source utilization in China between 2000 and 2012. The overall efficiency (OE) of urban water resource utilization in China was initially low, but has improved over the past decade. The scale efficiency (SE) was higher than the pure technological efficiency (PTE); PTE is a major determining factor of OE, and has had an increasingly significant effect. The efficiency of water resource utilization varied ac- cording to the region, urban scale, and economic function. The OE score for the eastern China was higher than for the rest of the region, and the OE score for the western China was higher than for the central China. The OE score for urban water resource utilization has improved with urban expansion, except in the case of small cities. The SE showed an inverted U-shaped' trend with increasing urban expansion. The OE of urban water utilization in comprehensive functional cities was greater than in economic specialization cities, and was greater in heavy industry specialization cities than in other specialization cities. This study contributes to the field of urban water resource management by examining variations in efficiency with urban ~ezle展开更多
文摘Base on the full and accurate statistical informa tion, the status and existing technical problems of wind power in China are analyzed in terms of yearly installed capacity, single unit capacity, regional distribution, investment as well as the market shares and the local ization of wind power units etc. The paper believes that wind power industry in China will grow by leaps and bounds in near future.
基金Under the auspices of Key Program of National Natural Science Foundation of China (No. 40635030)National Natu-ral Science Foundation of China (No. 40571041)
文摘Material dematerialization is a basic approach to reduce the pressure on the resources and environment and to realize the sustainable development. The material flow analysis and decomposition method are used to calculate the direct material input (DMI) of 14 typical mining cities in Northeast China in 1995–2004 and to analyze the demateri- alization and its driving factors in the different types of mining cities oriented by coal, petroleum, metallurgy and multi-resources. The results are as follows: 1) from 1995 to 2006, the increase rates of the DMI and the material input intensity of mining cities declined following the order of multi-resources, metallurgy, coal, and petroleum cities, and the material utilizing efficiency did following the order of petroleum, coal, metallurgy, and multi-resources cities; 2) during the research period, all the kinds of mining cities were in the situation of weak sustainable development in most years; 3) the pressure on resources and environment in the multi-resources cities was the most serious; 4) the petro- leum cities showed the strong trend of sustainable development; and 5) in recent years, the driving function of eco- nomic development for material consuming has continuously strengthened and the controlling function of material utilizing efficiency for it has weakened. The key approaches to promote the development of circular economy of min- ing cities in Northeast China are put forward in the following aspects: 1) to strengthen the research and development of the technique of resources’ cycling utilization, 2) to improve the utilizing efficiency of resources, and 3) to carry out the auditing system of resources utilization.
基金Under the auspices of National Natural Science Foundation of China(No.41471111)China’s Postdoctoral Science Foundation(No.2017M621191)Fundamental Research Funds for the Central Universities(No.2412017QD020)
文摘A key target of the overall strategy implementation for regional development since the 18th Party Congress of China has involved taking measures to narrow regional disparities. This is because resource-based cities' economic development has fallen below general levels due to resource exhaustion and an unbalanced industrial structure, among other factors. Further, an economic gap has long existed between Northeast China's large number of resource-based cities and non-resource-based cities. This article comprehensively studies the economic convergence of Northeast China's resource-based cities and non-resource-based cities from 1996 to 2015 by using a dynamic panel to analyze not only the economic development of different industries and types of cities, but also the main factors that influence economic development. The empirical results demonstrate that economic convergence exists in both resource-based and non-resource-based cities, but the economic gap between them has clearly narrowed since the implementation of a strategy to revitalize the Northeast's old industrial base. Shrinking cities are the fastest to converge, as mature cities are slower and regenerating cities are the slowest; regarding industry structure, the secondary industry dominates the economy in mature and shrinking cities, and the tertiary industry in regenerating cities. The primary stimulus in resource-based cities' economic development involves upgrading the industrial structure and investing in human capital. As China faces a ‘new normal' economy, resource-based cities in Northeast China should restructure the economy and perfect their market system to avoid again widening the economic gap.
基金This research is supported by National Natural Science Foundation of China (Grant No. 40371106, 70341021).
文摘Nowadays the fast economic development has brought about serious conflicts between the limited land resources and the increasing land demand in Chuzhou City. The changes of land use structure also restrict economic development and society progress in this area. Because different cities have different functional localization, the city area and each county (city) have formed characteristic land utilization structure. It is of great significance to make rational use of land resources and ensure the sustainable use of land resources by analyzing the variation of land use structure in the city area and each county (city) in Chuzhou City. Based on the data of land use modification of Chuzhou City from 1996 to 2005 and adopting the quantitative analysis of landscape ecology, this paper studies quantitatively the temporal division of regional land use structure and its dynamic changes. The results indicate that: (1) this method can reveal the law of the variation; (2) the variation of land use structure in Chuzhou City: increasing diversification, evenness and heterogeneity; (3) the intensity of change in land use from 1996 to 2005 in the city appeared in the sequence: grass land > traffic land > garden land > virgin land > forest land > industrial and residential land > cultivated land > other agricultural land > water facility land; (4) there were remarkable differences between the city area and each county (city) in the relative change and the land use structure change from 1996 to 2005. This paper analyzes the variation of land use structure in Chuzhou City, and finally proposes related countermeasures and suggestions.
文摘This paper investigates the market timing hypothesis of capital structure using a sample of 1,077 Chinese firms for the period 1992 to 2007. We find that market timing plays a significant role in capital structure decisions. However, market timing effects are not persistent and disappear within three years. The results suggest the prominent role played by the government in timing of security issues.
基金Under the auspices of Key Project of National Natural Science Foundation of China (No. 40535026)
文摘From the point of view of urban consumption behavior, urban fresh water consumption could be classified as three types, namely, direct, indirect and induced water consumption. A calculation approach of urban flesh water consumption was presented based on the theory of urban basic material consumption and the input-output method, which was utilized to calculate urban fresh water consumption of China, and to analyze its structural change and causes. The results show that the total urban flesh water consumption increased 561.7× 10^9m^3, and the proportion to the total national flesh water resources increased by 20 percentage points from 1952 to 2005. The proportion of direct and induced water consumption had been continuously rising, and it increased by 15 and 35 percentage points separately from 1952 to 2005, while the proportion of indirect water consumption decreased by 50 percentage points. Urban indi- rect water consumption was mainly related to urban grain, beef and mutton consumption, and urban induced water consumption had a close relationship with the amount of carbon emission per capita. Finally, some countermeasures were put forward to realize sustainable utilization of urban fresh water resources in China.
文摘Since the early 1990s, China has become the largest destination of Japanese foreign direct investment (FDI). Observing this trend, the authors analyzed whether Japanese FDI did promote exports from China to the rest of the world, and more importantly, whether this is a strategy adopted by Japanese multinationals to penetrate not only the Chinese market but also the global market. This analysis takes into account not only the direct effects of FDI on exports, but also the indirect effects, by examining the mediating role of export oriented Japanese FDI in China from 1998 to 2007 through panel analysis. The study contributes to the conceptual framework of indirect relationship among the macroeconomic variables, FDI and exports provides some insights into the strategy of export oriented Japanese FDI in creating a win-win platform for Japan and China.
文摘With the increasing population in the urban cities of the world,the demand for food from distant areas has been on the rise but at the expense of scarce natural resources like oil,water and forest,etc.However,producing food locally in urban centers provides a sustainable mechanism of reducing the carbon,food or ecological footprints of these cities in particular and environmental degradation in general.It creates a circular metabolic system in which the natural inputs are efficiently harnessed rather than the linear metabolic system in which resources flow in and wastes flow out.This article analyzes some urban agricultural local initiatives in urban centers of the worlds that promote a circular metabolic systems and proposes the procedure that can be adopted to promote urban agriculture.
文摘Investor education is not only one of the most important and fundamental institutional constructions at capital market, but also an important part of the cultural construction of capital market. At the present stage, the long-effect mechanism for investor education is not only a demand of China's securities market on its healthy development, but also an objective reality that China's investor education is necessary to confront with. For these reasons, it is necessary for China to deepen investor education, expand investor education platform, strengthen risk prevention, and take initiative to build up a multi-level investor education system, and ultimately establish and improve a long-effect mechanism for investor education, so as to ensure the stable, harmonious and order development of China's Securities market in futures.
文摘Using China A-shares capital market data of 2002-2005, this paper supports the conclusion that client importance is negatively associated with audit quality. Further, we partition the sample into Big 4 and Non-Big 4. In subgroup of Non-Big 4, client importance is negatively associated with audit quality statistically. However, this association isn't statistically significant in Big 4 subgroup. The conclusion is significant for the development of CPA finns.
文摘This paper introduces overall policy and economic environment for power industry in China. Thepolicy environment tends to be favorable, while the economic environment seems worrisome. The latter ismainly due to energy transportation blocking and price escalating. The paper also introduces the performanceand development of listed power companies, and points out that the power stock market is still promising andpower industry is still valuable for investment.
文摘This paper explores the performances of some frequently used asset pricing factors and their investment implications in Chinese stock market. It is noted that CAPM model can hardly be applied to Chinese market as portfolios based on 13 values cannot generate high return against high risk. However, two factors (Size and B/M) from Fama-French model (1992) deliver better performances. Such findings indicate that models based on theoretical analysis are somewhat away from practice, and those risk factors from empirical studies are more applicable though not based on theories. Therefore, further researches are desirable concerning asset pricing factors.
基金Key Research Program of Chinese Academy of Sciences(No.KZZD-EW-06-03-03)
文摘The efficient use of water resources directly affects environmental, social, and economic development; therefore, it has a significant impact on urban populations. A slacks-based measure for data envelopment analysis (SBM-DEA) has been widely used in energy efficiency and environmental efficiency analyses in recent years. Based on this model, data from 316 cities were examined and a category method was employed involving three different sorting techniques to empirically evaluate the efficiency of urban water re- source utilization in China between 2000 and 2012. The overall efficiency (OE) of urban water resource utilization in China was initially low, but has improved over the past decade. The scale efficiency (SE) was higher than the pure technological efficiency (PTE); PTE is a major determining factor of OE, and has had an increasingly significant effect. The efficiency of water resource utilization varied ac- cording to the region, urban scale, and economic function. The OE score for the eastern China was higher than for the rest of the region, and the OE score for the western China was higher than for the central China. The OE score for urban water resource utilization has improved with urban expansion, except in the case of small cities. The SE showed an inverted U-shaped' trend with increasing urban expansion. The OE of urban water utilization in comprehensive functional cities was greater than in economic specialization cities, and was greater in heavy industry specialization cities than in other specialization cities. This study contributes to the field of urban water resource management by examining variations in efficiency with urban ~ezle