China’s alfalfa market and imports: Development, trends, and potential impacts of the U.S.-China trade dispute and retaliations

This study examines the development and trends of China’s alfalfa market and imports, identifies key factors for the rapid increase in China’s alfalfa imports, and discusses potential impacts of the U.S.-China trade dispute and retaliations on the alfalfa markets and trade in both nations. China’s rapid transition toward larger-scale commercial dairy production, with enhanced feed and cost management as well as quality and safety control, and its limited resources for high-quality alfalfa production are key factors for the dramatic increase in its alfalfa imports, from 19 601 metric tons in 2008 to 1.38 million metric tons(mmt) in 2018. While the United States dominated China’s alfalfa imports with an average share of 97.01% from 2007 to 2017, the share dropped to 83.76% in 2018 and 63.28% in January 2019 due to the trade dispute and retaliations started in 2018. China will likely remain a large importer of alfalfa because of both its growing demand and the comparative advantages of imported alfalfa in quality and price, but the imports from the United States will be highly affected by the ongoing trade dispute and negotiations. China is also expected to make more efforts to reduce its dependence on U.S. alfalfa through increased investment in domestic alfalfa production and identification of alternative sources of alfalfa and other hay imports.

China’s Potential Economic Growths during 2015-2025 under Different Scenarios~

China has entered a crucial period of further growth and restructuring that will last until 2025. Based on a review of the major factors affecting China＇s potential economic growth, this paper has created an integrated economic system model consisting of system dynamics, econometrics, and input-output for the forecast of China＇s economic size and structure by 2025. Analysis shows that prior to 2025, China will be able to maintain a potential annual economic growth rate of 5.7%-7.2%. Faced with an international environment of a possible slowdown of advanced economies and diminishing demographic dividends, China needs to further expedite its urbanization process, enhance R＆D and education spending, increase total factor productivity （TFP）, vigorously develop the tertiary sector, and expand consumption in order to achieve the optimistically estimated growth of 6.6%-7.4% during the period of 2015-2025. Economic growth should be accompanied by the upgrade of industry structure and improvement of investment and consumption structures.

ESTIMATION OF THEORETICAL POTENTIAL AND EXPLOITABLE QUANTITY OF CHINA'S OCEANIC THERMAL ENERGY

Two estimaton methods are used to calculate the theoretical reservoir potential of China's oceanic thermal energy. One is based on the measured temperature difference between the surface water and the deep water, the other on the net radiation energy income from solar insolation either measured or deduced. The results from these two methods are compared and examined. Then, the maximum amount of the exploitable thermal energy is calculated based on the assumption of a Carnot cycle efficiency. In the process of estimation, such factors as water depth, seasonal water temperature variation and geographic location have been taken into account.The theoretical reservoir capacity and the exploitable quantity of the thermal energy of China's four seas are thus estimated separately.

China's Community O2O Market has Great Potential

The development of community businesses and popularized mobile payment will continue to boost China’s citywide020 market.The report'Research on Citywide020 and Community020 Markets'recently released by Roland Berger analyzes China’s market potential,the prospects of some market segments and corporate development strategies.

Study on the Potential of China’s Fruit and Vegetable Products Export to the RCEP Partners

China is one of the world’s major exporters of fruit and vegetable products,and the expansion of fruit and vegetable exports is important for increasing agricultural income.Based on time-varying stochastic frontier gravity model and trade inefficiency model,this paper empirically analyzes the influencing factors and trade efficiency of China’s fruit and vegetable products export to RCEP partners from 2001 to 2019.The results show that China’s GDP per capita,the population of importing countries,and common language conditions have positive effects on China’s fruit and vegetable products export to RCEP partners.GDP per capita of importing countries,the population of China,and geographical distance between trading parties hinder trade in fruit and vegetable products.The presence of trade inefficiencies constrains China’s fruit and vegetable products export to RCEP partners,with liner shipping connectivity and trade freedom having a positive relationship with export efficiency of fruit and vegetable products.Variable trade costs and fixed trade costs have a negative relationship with export efficiency of fruit and vegetable products,which hinder trade in fruit and vegetable products,while financial freedom and free trade agreements have no significant impact on export efficiency of fruit and vegetable products.

China's Auto Market Demand Potential

In the 1980s, China’s auto market saw three dramatic fluctuations. Since the beginning of the 1990s, the market, as a whole, has become calm and stable without any major changes, though it has never evaded occasional rises and fails. The pattern of demand on the market has been generally set and clear, and has begun to grow steadily. In view of the present situation, two major categories of vehicles—office-use and business or service use cars and trucks—have long been in demand on the market, almost dominat-

Large Potential Exists in China's Oil & Gas Transportation System

As China in the decades ahead is to go through significant reorganization in the power sector and the petrochemical industry will see considerable growth,the transportation infrastructure for petroleum and gas should have a new shape. Implementing the largest infrastructure projects and creating on this basis a modern transportation network will not only see a new reincarnation of traditional industrial centers, but also open wider opportunities for regional development.

China-Romania Economic Relations:Recent Developments and Prospects

The world economy is crossing the period of Great Transformations and transition towards a New World Order,dominated by the increasing role of China in the world,given the fast implementation of the technological progress(Digital and Artificial Intelligence Revolutions).This paper analyses the economic relations between China and Romania and estimates the dynamics of the potential GDP in these states by implementing standard econometric tools.The results point to the upward trend in terms of bilateral trade between China-Romania in the post-pandemic era and emphasize the potential of the development in the mid-run.

CHINA'S FOREIGN TRADE PROSPECT IN 2002

China’s foreign trade volume hit US$509.77 billion in 2001, the figure represented 7.5% increase over the previous year. Of the total, exports topped US$266.16 billion, 6.8% up over the previous year, imports reached US$243.61 billion, up 8.2%, and accumulated trade surplus climbed to US$22.55 billion. The results were fairly outstanding if we take a general look at the world economy, which experienced significant slowdown in 2001 mainly due to the serious downturns in the United States and Japan. The increase can be attributed to a number of factors including the rise

On China's Foreign Trade Development and Linkage with the Customary Rules of International Trade

Although great differences exist between the trade systems of different countries,internationaltrade must go on in line with the customary international trade rules.As China’s economy developsand the socialist market economic system emerges,China is basically qualified to link up withcustomary international trade rules.In the Ninth Five-Year Plan period,China’s reform of its foreigntrade system aims at setting up a trade system that conforms with international trade practice.Forthe purpose,the author of this article suggests that a neutral trade policy should be adopted inaccordance with the international practice since it does not hinder exports,nor restrict imports toan excessive degree.

China-US High-Tech Competition,Trade Conflict and Development Rights

The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb the ladder in the international division of labor.As the primary production forces,science and technology are the main drivers behind such change.As new technologies give rise to new industries and restructure the international division of labor,developed countries strive to enhance the protection of their intellectual property rights(IPR)and safeguard their monopoly over core technologies.For developed countries,technological prowess holds the key to their supremacy in the global supply chain and international relations.The 19 th CPC National Congress makes clear the overarching goal in the new era is to rejuvenate the Chinese nation and turn China into a strong modern country.As an important material condition for achieving this goal,China must transition from being medium-and low-end links in the international division of labor to becoming high-end links.In this process,China will encounter backlash from developed countries that lead in the international division of labor.The recent China-US tussle over trade in high-tech goods is a case in point,and should be viewed through the lens of the relations of production and the international division of labor.The insights thus achieved will be of great significance to China’s future development.

Is pork trade good for China's greenhouse gas emissions?

China produces the largest amount of pork in the world, which emits the largest amount of greenhouse gases （GHGs）. This paper calculates GHG emissions from China＇s hog production at the provincial level using newly published emission factors~ Empirical results show that GHG emissions from China＇s hog production mainly respond to the scale intensity~ Capital abundance and income contribute positively to GI-IG emissions from hog production. Pork trade increases GHG emissions from China＇s hog produc- tion with a significantly direct effect, reduces GHG emissions through indirect technique effects.

TPFTZ(Tianjin Port Free Trade Zone)——A New Pattern of China's Openning to the Outside World

Under the guidance of Deng Xiao-ping’s strategic think-ing of openning to the outside world, the structure of om-nibearing openness has basically taken shape in China. Follow-

China's Foreign Trade:from Quantitative Change to Qualitative Change

The latest General Customs'statistics showing that by November 20, 2004,China's foreign trade has topped 1 trillion and reached RMB 1.0017 trillion, marking a new leap of China's foreign trade. After entering the 1 trillion dollar period, it is on a new stage. Foreign trade, as a big stage for China's economic cooperation, shows the six features as No.1, top 3, 10%, US$10 billion, US$100 billion, and US$1 trillion.……

China's Cosmetics Trade

In more than a decade since 1980,thenumber of producing enterprises inChina’s cosmetics trade has developedfrom some twenty to over two thousand,and annual sales amount has increasedfrom RMB0.3 billion to 10 billion; onenow has difficulty in finding at cosmeticscounter in shopping malls the skinprotection products that dominated themarket for more than three decades.Instead, there are Chinese products offamous brands, joint venture products,

CHANGES FOR CHINA'S FOREIGN TRADE GROWTH

In 1996,China began to set targets for quadrupling its per capitaaverage GNP for a better livelihood and socialist market economicsystem——a kind of mature opening economy in the Ninth Five-YearPlan period(1996-2000),aiming at comformity with the worldeconomy.For these purposes,it is essential to expand China’sopening to the outside for its foreign trade to boom and thus make fulluse of foreign and domestic markets for accelerating our economicdevelopment and upgrading development efficiency.In other words,China’s foreign trade development in the Ninth Five-Year Planperiod will greatly affect and control our economic growth andeconomic system reform.