Moderating effect of corporate financialization on the impact of climate policy on corporate green innovation:Evidence from China

With intensifying global climate change,humanity is confronted with unparalleled environmental challenges and risks.This study employs the staggered difference-in-difference model to examine the relationship between climate policy and green innovation in the corporate financialization context.Using Chinese-listed company data from 2008 to 2020,our analysis reveals a favorable correlation between China’s carbon emission trading policy(CCTP)and advancements in green innovation.Furthermore,we find that the level of corporate financialization moderates this correlation,diminishing the driving effect of CCTP on green innovation.Additionally,results of heterogeneity analysis show that this moderating consequence is more evident in non-state owned and low-digitization enterprises compared with state-owned and high-digitization ones.Our findings contribute to the existing literature by clarifying the interaction between CCTP,green innovation,and corporate financialization.Our research provides valuable insights for policymakers and stakeholders seeking to strengthen climate policies and encourages green innovation in different types of businesses.

CHINA'S URBAN HOUSING SYSTEM IN TRANSITION

This paper discusses transition of urban housing system andhousing policy issues in China. It focuses on China's urban housing systemand future housing policies Some of the main contexts to be discussed are:(1) the process and characterstics of housing development in new China, (2)the weaknesses of the old urban housing system; (3) reforms of the urbanhousing system; (4) China's housing markets in transition; (5) Current urbanhousing reform policy dilemmas; (6) experiences from developed countries;(7) main housing policy issues in the western world, and (8) ways to dealwith the dilemmas.

Evaluating the Nexus between Housing and Energy Sectors: The Comparison of Urban, Peri-Urban and Rural Housing Areas in Zhuhai, China

China has developed several housing policy reforms and has, in recent years, progressed further on developing policies to promote green strategies and energy-saving plans. The urban housing has much benefited from such reforms and plans, while rural housing has experienced minimal change in the past few decades. As a result, this study aims to identify and explore these differences, challenges, and implications that exist between three areas of urban, peri-urban, and rural in a particular case study in China. For this study, selected residential areas in the City of Zhuhai and its peri-urban and rural areas are selected as case studies. A questionnaire survey is conducted to analyze energy and housing conditions across the more prosperous urban, the dynamic and transitory peri-urban, and the less prosperous rural areas. The case studies are analyzed as comparative examples in a hot and humid sub-tropical area of Southern China. The study compares energy and housing conditions and argues potential possibilities and challenges for the future development of housing policy reforms that are the result of current housing development patterns and green strategy situation in China.

Housing Project——New Spotlight of China's Real Estate Industry

Real estate has been one of the fastest growing sectors in China since its opening to the outside world. The sustained, steady growth of the national economy has provided favourable conditions for the rapid growth of the real estate industry, and the higher profits anticipated have attracted a large volume of overseas capital into the industry. Various real estate companies have flourished, and a number of luxury hotels, villas and holiday

Minister Hou Jie on China's Housing Construction and Urban Development

At a reception held recently, Mr. Hou Jie, Minister of Construction, spoke about China’s housing construction and urban development. According to Mr. Hou Jie, the Chinese government always pays high attention to housing development, and has adopted many policies to speed up the construction of houses. Especially since 1979 when China introduced the policy of reform and opening, residential housing has developed rapidly and witnessed outstanding achievement. From 1979 to 1996, 13.8 billion square metres of residential

The Income and Housing Problems of China's Teachers

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A Corpus-Based Critical Discourse Analysis of Trump and Biden Administrations’China Policies

The theory of proximization is an effective discourse strategy to study the speaker’s ability to achieve his own legitimacy or reinforce the other’s illegitimacy,and its superiority can be maximized by means of quantitative and comparative analysis.In this study,we collected reports on Trump’s and Biden’s policies on China to build two small corpora,with a total of 11,030 words in the Trump corpus and 17,566 words in the Biden corpus.The critical discourse analysis is combined with proximization theory.With the help of BFSU Qualitative Coder 1.2,Antconc 3.5.7,and Log-Likelihood and Chi-Square Calculator 1.0,a critical cognitive score of the relevant discourse was conducted from the perspective of proximization theory.It has been found that:(1)Both Trump and Biden administrations resort to a large number of spatial proximization strategies to build ODCs converging to IDCs with China as the ODC,posing a threat to internal physical IDCs;(2)in the use of temporal proximization strategy,both administrations use primarily modal verbs and various entities to construct ODCs that extend indefinitely into the present and future,emphasizing the urgency and the threat of the effect and reinforcing the legitimacy of their actions;(3)in terms of axiological proximization strategy,the two administrations differ greatly from each other,indicating that there are still discursive biases.

Lessons Learnt from Chinese Housing Development the Case of Affordable Housing and Its Funding

Dated back to the opening up policy, Chinese economy had been rising tremendously, coupled with achievement, though housing challenges across the country greatly arose. Under the traditional planned economy since 1949, entirely housing construction became the State responsibility. As a result of lack of finances, new housing production has not emerged while nation population on rise. Till 1988 when Urban housing reform existed as proposed strategy of affordable housing for the ordinary households through the private housing market. However, the strategy faced numerous obstacles such as lack of sec-ond hands market, an undeveloped real estate profession, indistinct land and property and property regulation plus absence of proper property management support. Amid these obstacles, the lack of housing ?nance would appeared to be a vital problem. Government Introduction of housing provident fund (HPF) scheme in 1991 applied as right measures for curving housing funding problems, under the Housing development fun, all employees required to contribute a percentage of their incomes to housing funding problems and employers contributed a similar amount. individual workers Accounts were opened with Construction Bank of China. Currently workers allowed to withdraw their housing development savings at retirement period, instead their application for their housing development savings as homes purchases in housing market. This has been implemented to the letter in most cities in China, regardless of variations of operational schemes and architectural demands in consideration to geological that varies from locality to another [1]. Applying an experiential research of the housing development savings Scheme in Shanghai as a case research, this paper reviews the role of the HPF in ?nancing affordable housing expansion in most parts of China.

China's Foreign Policy under New Circumstances (Ⅱ)

The Iraq war and the North Korean nuclear crisis are the two big events that are attracting worldwide attention. The many debates and changes that have arisen around the globe from these two issues, with the former in particular, cannot but cause

China's CDM Policies and Their Development Implications:Major Concerns for CDM Implementation

Most CDM (Clean Development Mechanism) opportunities exist in some large industrializing developing countries. For instance, China is estimated to take 48% of the world potential for CDM project activities. In reality, however, the share by China over the CDM projects registered and CDM projects in the pipeline is less than 10% as of Auguest 2005. This paper will examine the reasons behind, as reflected in China's CDM policies. Further investigation will be made into the use of these policies to boost the country's sustainable development, the sustainable development implications and effects of these policies. In addition, it is noted that incompatibility of some other Chinese laws and policies can be responsible for the low level and slow pace of CDM implementation in China and some suggestions are offered for promoting CDM project activities in China. There also exist barriers at the international level that impedes implementation of CDM project activities. A conclusion is drawn that CDM policies in a developing country like China aim mainly at promotion of sustainable development and to a lesser extent the generation of CERs.

Bush' s China Policy and the Future of Sino-U.S.Relations

The past two years have witnessed great fluctuations ininternational oil prices,and diplomatic efforts,both above andunder the table,by major powers around this issue.The currenttension in the war-threatened Iraq has added more uncertainties to thefuture world oil situation.Will the world oil supply and demand change?What impact would this exert on big powers’ oil strategy choices,geopolitics as well as world economy?What should China do in such asituation?To find the answers to these questions,at the invitation of theeditor of the Contemporary International Relations,seven experts fromChina Institute of Contemporary International Relations gathered to have adiscussion in early February this year.Naturally,they have differentviews over many issues.Still,we hope our readers would find theirdiscussion interesting.Following is the list of participants.

Major Features of the New Situation and China's Foreign Policy

Speaking of "China’s foreign policy under new circumstances," there are five features of the new circumstances in my opinion. All these five features will not fundamentally change in accordance with major events such as the Iraq war, and to a certain extent, determine that China’s basic foreign policy need not and will not make major adjustments.

China Issues China's African Policies

50 years before, China established diplomatic relations with Egypt, marking the start of the course of the diplomatic relations between China and Africa.……

Research Report on China's Policy toward Central/East European Countries

With the admission of eight Central/East European countries in May 1, 2004 in sight, realization of the objective of EU’s first phase eastern extension will signify a major step toward the concept of "a Europe kept far away from war" through promoting regional integration.

China＇s G20 Policy： Continuation and Adjustment

As the biggest developing country in the Group of Twenty （G20）, China has consistently supported measures to stimulate world economic recovery, called for reform of the international financial system and substantial assistance to developing countries, and opposed protectionism in all forms. Given the stagnation of the G20 process in recent years, China has focused on the Development Agenda in the G20 framework and, in particular, promoted the importance of infrastructure in global economic growth, an area that intersects with development, investment, employment, and assistance to developing countries. By combining her own economic advantage with the great demand for infrastructure financing in the developing world, China expects to help developing countries build their own capacity in economic growth and at the same time provide greater leadership in narrowing the deficit in global economic governance.

Economic Analysis of Diesel Fuel Subsidy Policy in China's Fishery

In this paper,on the basis of an overview of the evolution of diesel fuel subsidy policy in China's fishery,we perform an economic analysis of the existing diesel fuel subsidy policy,and believe that it is fishing shareholders rather than fishermen who benefit most from the diesel fuel subsidy policy. The diesel fuel subsidy policy is not conducive to fishery resources protection,it will cause no fluctuation in the supply price of aquatic products,and it can not effectively increase the income of all fishermen. It is necessary to focus on subsidy method,subsidy links and subsidy level to improve diesel fuel subsidy efficiency,lower production costs,stabilize fishery production,and increase the income of fishermen.

Report on China's ASEAN Policy

In the mid-1990s,the Association of Southeast Asian Nations(ASEAN)was in top condition since its establishment in 1967.At that time with good governments and united people,all of

Report on China's EU Policy

With the coming of the new century, the European Union (EU)arrives on the world scene with a complete new look. At the beginning of the year, the union signed the Nice Treaty in response to the needs of further integration and east-ward enlargement.