The Advertising Law of the People’s Republic of China, adopted at the Tenth Session of the Standing Committee of the Eighth Chinese People’s Congress, came into force on February 1, 1995. This marks the formalizatio...The Advertising Law of the People’s Republic of China, adopted at the Tenth Session of the Standing Committee of the Eighth Chinese People’s Congress, came into force on February 1, 1995. This marks the formalization of advertising practices in China. Restored after the reform and opening, China’s advertising industry, as a leading industry to serve the展开更多
Contents preambleⅠ. Basic Policies in Protecting Freedom of Religious BeliefⅡ. Legal Guarantees for Freedom of Religious BeliefⅢ. Conducting Religious Activities in an Orderly MannerⅣ. The Role of Religious Groups...Contents preambleⅠ. Basic Policies in Protecting Freedom of Religious BeliefⅡ. Legal Guarantees for Freedom of Religious BeliefⅢ. Conducting Religious Activities in an Orderly MannerⅣ. The Role of Religious Groups Has Been Fully DevelopedⅤ. Active and Healthy Religious Relations Conclusion Preamble As a socialist country under the leadership of the Communist party of China(CPC), China adopts policies on freedom of religious belief based on national and religious conditions to protect citizens’ right to freedom of religious belief.展开更多
Bookkeeping and documentation provisions of the FCPA To ensure proper paper trails are created, documented and retained, the Foreign Corrupt Practices Act (FCPA) requires that proper accounting and internal controls b...Bookkeeping and documentation provisions of the FCPA To ensure proper paper trails are created, documented and retained, the Foreign Corrupt Practices Act (FCPA) requires that proper accounting and internal controls be established for foreign entities. These requirements are basic, and prudent organizations should maintain these provisions. The展开更多
The Internet,the booster of the modern industrial revolution and an important support of the modern lifestyle,has the characteristics of spanning time and space,and it is profoundly affecting the economic and social d...The Internet,the booster of the modern industrial revolution and an important support of the modern lifestyle,has the characteristics of spanning time and space,and it is profoundly affecting the economic and social development of China.There are some disputes on whether in theory or in practice that Internet can narrow the gap between urban and rural development.Based on e-commerce,this paper analyzes the mechanism of using the Internet to narrow the urban-rural gap,and uses the macro and micro data of China’s practice to carry out empirical verifi cation.The fi ndings show that the Internet is a positive force to eliminate the urban-rural gap as it has effectively alleviated the imbalance.展开更多
As China’s market-oriented economic reforms deepen, an urgent task lying ahead of us is to develop, standardize and improve the system of social security. What, however, is meant by a unified, standardized and perfec...As China’s market-oriented economic reforms deepen, an urgent task lying ahead of us is to develop, standardize and improve the system of social security. What, however, is meant by a unified, standardized and perfect social security system? How can we institute such a system? These questions remain urgently in need of study.This then was the setting of a national seminar on "The Theory and Practice of展开更多
Recently, we have seen significant media interest directed at U.S. companies operating in China and how the Foreign Corrupt Practices Act (FCPA) may affect them. American businesses in China must be aware that their o...Recently, we have seen significant media interest directed at U.S. companies operating in China and how the Foreign Corrupt Practices Act (FCPA) may affect them. American businesses in China must be aware that their organization can展开更多
It is generally believed that regarding nuclear arms control the stronger sides in the strategic nuclear relations need to shoulder more responsibilities and take more substantive steps in developing CBMs.1 China,as a...It is generally believed that regarding nuclear arms control the stronger sides in the strategic nuclear relations need to shoulder more responsibilities and take more substantive steps in developing CBMs.1 China,as an asymmetrical participant in the international nuclear relations though,still plays a constructive role in stabilizing global security strategic structure.It should be pointed out展开更多
China＇s financial conundrum arises from two sources. First, its large saving （trade） surplus results in a currency mismatch because it is an immature creditor that cannot lend in its own currency. Instead, foreign ...China＇s financial conundrum arises from two sources. First, its large saving （trade） surplus results in a currency mismatch because it is an immature creditor that cannot lend in its own currency. Instead, foreign currency claims （largely US dollars） build up within domestic financial institutions. Second, economists, both American and Chinese, mistakenly attribute the surpluses to an undervalued RMB. To placate the USA, the result was a gradual and predictable appreciation of the RMB against the dollar of 6 percent or more per year from July 2005 to July 2008. Together with the fall in US interest rates since mid-2007, this one- way bet in the foreign exchanges markets not only attracted hot money inflows but inhibited private capital outflows from financing China＇ s huge trade surplus. Therefore, the People＇s Bank of China had to intervene heavily to prevent the RMB from ratcheting upwards, and so became the country＇s sole international financial intermediary as official exchange reserves exploded Because of the currency mismatch, floating the RMB is neither feasible nor desirable, and a higher RMB would not reduce China＇ s trade surplus. Instead, monetary control and normal private-sector finance for the trade surplus require a return to a credibly fixed nominal RMB/USD rate similar to that which existed between 1995 and 2004. However, for any newly reset RMB/USD rate to be credible as a monetary anchor, foreign ＂China bashing＂ to get the RMB up must end. Then the stage would be set for fiscal expansion to both stimulate the economy and reduce its trade surplus.展开更多
The paper reviews the fi scal policies adopted by China in the past 70 years,summarizes their characteristics at different stages and looks into the future fiscal policy options for China.The fiscal policy history sin...The paper reviews the fi scal policies adopted by China in the past 70 years,summarizes their characteristics at different stages and looks into the future fiscal policy options for China.The fiscal policy history since the founding of the People’s Republic of China can be divided into four stages.Stage 1:1949-1952,the market-oriented fi scal policy aiming to restore the national economy;Stage 2:1953-1978,the planned fi scal policy;Stage 3:1978-2012,the fi scal policy accommodating the needs of economic transformation;and Stage 4:2012-present,the fiscal policy accommodating the needs of the new era.A look at the above fiscal policy history draws the following conclusions.(1)The goal of the fiscal policy should be set based on a correct understanding of the role of the state;(2).For the fi scal policy to work,it must respect the fi scal law;(3)The fi scal policy must aim higher than the goal of macroeconomic stability and provide guarantees for industrialization and modernization;(4)The government should understand fi scal defi cits while proactively guarding against fi scal risks;(5)The implementation of the fi scal policy must go hand in hand with the fi scal reform;(6)The funding for the fi scal policy must come from diverse sources;(7)The choice of the fi scal policy should fully consider external impacts.The future fi scal policy should revolve around serving the modernization of china’s governance system and capacity,and serving China’s contribution to the building of a community with a shared future for humanity.We should update our knowledge on the fi scal policy to support the decision-making for the choice of fi scal policy.The goal of fi scal policy should be set in coordination with that of other policies.Moreover,from the perspective of the government’s disposable revenue and cash fl ow,the paper probes into the space and challenges for future fi scal policy and sorts the problems of the transmission mechanism that might prevent the fi scal policy from working.展开更多
Since the founding of the People’s Republic of China,the Chinese scholars of finance theory have been sparing no effort on the theoretical research of intergovernmental fiscal relations in the past 70 years,with fisc...Since the founding of the People’s Republic of China,the Chinese scholars of finance theory have been sparing no effort on the theoretical research of intergovernmental fiscal relations in the past 70 years,with fiscal decentralization at the core.Although fiscal decentralization has a long history,the intergovernmental fiscal relations which use fiscal decentralization as the vehicle did not constitute an independent research topic in the early days of the People’s Republic of China.Later,fiscal decentralization was adopted and gradually flourished in China,once systematically explained as the target mode of intergovernmental fiscal relations,and even took the form of tax sharing system.In the new era of socialism with Chinses characteristics,the booming research on intergovernmental fiscal relations,adapted to the theoretical innovation of modern fiscal system,has contributed to coping with the changes of international and domestic economic situation in the new normal and to the sustainable fiscal development of China.展开更多
文摘The Advertising Law of the People’s Republic of China, adopted at the Tenth Session of the Standing Committee of the Eighth Chinese People’s Congress, came into force on February 1, 1995. This marks the formalization of advertising practices in China. Restored after the reform and opening, China’s advertising industry, as a leading industry to serve the
文摘Contents preambleⅠ. Basic Policies in Protecting Freedom of Religious BeliefⅡ. Legal Guarantees for Freedom of Religious BeliefⅢ. Conducting Religious Activities in an Orderly MannerⅣ. The Role of Religious Groups Has Been Fully DevelopedⅤ. Active and Healthy Religious Relations Conclusion Preamble As a socialist country under the leadership of the Communist party of China(CPC), China adopts policies on freedom of religious belief based on national and religious conditions to protect citizens’ right to freedom of religious belief.
文摘Bookkeeping and documentation provisions of the FCPA To ensure proper paper trails are created, documented and retained, the Foreign Corrupt Practices Act (FCPA) requires that proper accounting and internal controls be established for foreign entities. These requirements are basic, and prudent organizations should maintain these provisions. The
基金Innovation project of CASS“Basic Theoretical Issues of Digital Economy and Development Strategy”(2020CJY01-B001).
文摘The Internet,the booster of the modern industrial revolution and an important support of the modern lifestyle,has the characteristics of spanning time and space,and it is profoundly affecting the economic and social development of China.There are some disputes on whether in theory or in practice that Internet can narrow the gap between urban and rural development.Based on e-commerce,this paper analyzes the mechanism of using the Internet to narrow the urban-rural gap,and uses the macro and micro data of China’s practice to carry out empirical verifi cation.The fi ndings show that the Internet is a positive force to eliminate the urban-rural gap as it has effectively alleviated the imbalance.
文摘As China’s market-oriented economic reforms deepen, an urgent task lying ahead of us is to develop, standardize and improve the system of social security. What, however, is meant by a unified, standardized and perfect social security system? How can we institute such a system? These questions remain urgently in need of study.This then was the setting of a national seminar on "The Theory and Practice of
文摘Recently, we have seen significant media interest directed at U.S. companies operating in China and how the Foreign Corrupt Practices Act (FCPA) may affect them. American businesses in China must be aware that their organization can
文摘It is generally believed that regarding nuclear arms control the stronger sides in the strategic nuclear relations need to shoulder more responsibilities and take more substantive steps in developing CBMs.1 China,as an asymmetrical participant in the international nuclear relations though,still plays a constructive role in stabilizing global security strategic structure.It should be pointed out
文摘China＇s financial conundrum arises from two sources. First, its large saving （trade） surplus results in a currency mismatch because it is an immature creditor that cannot lend in its own currency. Instead, foreign currency claims （largely US dollars） build up within domestic financial institutions. Second, economists, both American and Chinese, mistakenly attribute the surpluses to an undervalued RMB. To placate the USA, the result was a gradual and predictable appreciation of the RMB against the dollar of 6 percent or more per year from July 2005 to July 2008. Together with the fall in US interest rates since mid-2007, this one- way bet in the foreign exchanges markets not only attracted hot money inflows but inhibited private capital outflows from financing China＇ s huge trade surplus. Therefore, the People＇s Bank of China had to intervene heavily to prevent the RMB from ratcheting upwards, and so became the country＇s sole international financial intermediary as official exchange reserves exploded Because of the currency mismatch, floating the RMB is neither feasible nor desirable, and a higher RMB would not reduce China＇ s trade surplus. Instead, monetary control and normal private-sector finance for the trade surplus require a return to a credibly fixed nominal RMB/USD rate similar to that which existed between 1995 and 2004. However, for any newly reset RMB/USD rate to be credible as a monetary anchor, foreign ＂China bashing＂ to get the RMB up must end. Then the stage would be set for fiscal expansion to both stimulate the economy and reduce its trade surplus.
基金The Project to Accelerate the Establishment of the Modern Fiscal System,a Class-A Project of the Innovation Program sponsored by the National Academy of Economic Strategy,Chinese Academy of Social Sciences.
文摘The paper reviews the fi scal policies adopted by China in the past 70 years,summarizes their characteristics at different stages and looks into the future fiscal policy options for China.The fiscal policy history since the founding of the People’s Republic of China can be divided into four stages.Stage 1:1949-1952,the market-oriented fi scal policy aiming to restore the national economy;Stage 2:1953-1978,the planned fi scal policy;Stage 3:1978-2012,the fi scal policy accommodating the needs of economic transformation;and Stage 4:2012-present,the fiscal policy accommodating the needs of the new era.A look at the above fiscal policy history draws the following conclusions.(1)The goal of the fiscal policy should be set based on a correct understanding of the role of the state;(2).For the fi scal policy to work,it must respect the fi scal law;(3)The fi scal policy must aim higher than the goal of macroeconomic stability and provide guarantees for industrialization and modernization;(4)The government should understand fi scal defi cits while proactively guarding against fi scal risks;(5)The implementation of the fi scal policy must go hand in hand with the fi scal reform;(6)The funding for the fi scal policy must come from diverse sources;(7)The choice of the fi scal policy should fully consider external impacts.The future fi scal policy should revolve around serving the modernization of china’s governance system and capacity,and serving China’s contribution to the building of a community with a shared future for humanity.We should update our knowledge on the fi scal policy to support the decision-making for the choice of fi scal policy.The goal of fi scal policy should be set in coordination with that of other policies.Moreover,from the perspective of the government’s disposable revenue and cash fl ow,the paper probes into the space and challenges for future fi scal policy and sorts the problems of the transmission mechanism that might prevent the fi scal policy from working.
文摘Since the founding of the People’s Republic of China,the Chinese scholars of finance theory have been sparing no effort on the theoretical research of intergovernmental fiscal relations in the past 70 years,with fiscal decentralization at the core.Although fiscal decentralization has a long history,the intergovernmental fiscal relations which use fiscal decentralization as the vehicle did not constitute an independent research topic in the early days of the People’s Republic of China.Later,fiscal decentralization was adopted and gradually flourished in China,once systematically explained as the target mode of intergovernmental fiscal relations,and even took the form of tax sharing system.In the new era of socialism with Chinses characteristics,the booming research on intergovernmental fiscal relations,adapted to the theoretical innovation of modern fiscal system,has contributed to coping with the changes of international and domestic economic situation in the new normal and to the sustainable fiscal development of China.
