This paper summarizes the features of the new economy in America, and then analyses the differences between the new economy and Chinese economy with trade theories. At the last, this paper concentrates on study of str...This paper summarizes the features of the new economy in America, and then analyses the differences between the new economy and Chinese economy with trade theories. At the last, this paper concentrates on study of strategies for China to develop economic internationalization.展开更多
The author uses the statistics from 1981 to 2002 to perform a logarithmic regression analysis on the contribution made by foreign investment to Chinese economy. The measurement shows that the following effects on Chin...The author uses the statistics from 1981 to 2002 to perform a logarithmic regression analysis on the contribution made by foreign investment to Chinese economy. The measurement shows that the following effects on Chinese economy are brought by large amount of foreign investment: 1) Foreign investment, as an important investment source, boosts the increase of the stock of production factors and improves the supplying potentials of Chinese economy. 2) The application of foreign investment speeds the rapid growth of the total production value and the increases the value of Chinese industry. 3) Foreign investment changes the employment structure of Chinese labor force. 4) The tax in China, to some extent, owes its growth to the adoption of foreign investment.展开更多
On Sept.27, 2005, China Certification and Accreditation Association was set up, which was a sign of standardization and legalization for China certification and accreditation. Furthermore, its main task includes suppo...On Sept.27, 2005, China Certification and Accreditation Association was set up, which was a sign of standardization and legalization for China certification and accreditation. Furthermore, its main task includes supporting fairness, gaining credit, promoting development and building a harmonious society.展开更多
On December 11th,2009,the National Bureau of Statistics of China released its latest Economic Indicators in November in 2009,analyzing the economic performance from the aspects of industrial production,industrial prof...On December 11th,2009,the National Bureau of Statistics of China released its latest Economic Indicators in November in 2009,analyzing the economic performance from the aspects of industrial production,industrial profit,investment in fixed assets,retail sales,and so on.In the following part,the article would give a brief introduction on how the economic indicators performed during the first eleven months.展开更多
China's financial policies in 2000 are being clarfied:China will continue to follow its positive financial policies.This signifies that in 2000,the Chinese economy will operateunder the gridance of positive financ...China's financial policies in 2000 are being clarfied:China will continue to follow its positive financial policies.This signifies that in 2000,the Chinese economy will operateunder the gridance of positive financial policies.展开更多
In 2014, the amount of RMB cross-border settlement had reached RMB7.6tn. It is important to evaluate the potential influence of RMB internationalization on China's macroeconomy. In the present study, a framework that...In 2014, the amount of RMB cross-border settlement had reached RMB7.6tn. It is important to evaluate the potential influence of RMB internationalization on China's macroeconomy. In the present study, a framework that includes monetary supply and demand was created to analyze the influences of RMB cross-border settlement on China's domestic interest rate, asset price and foreign exchange reserves. It is found that RMB settlement in different BOP items leads to very different effects on China's real economy and the financial market. Based on the analysis, we provide a framework of the policy priorities for RMB internationalization, with the RMB cross-border settlement items divided into three groups with different priorities. Meanwhile, to support RMB internationalization, exchange rate reforms should be adopted as a priority and a prudent attitude maintained regarding capital account liberalization.展开更多
Drawing upon output, employment, consumption and trade data, this article examtnes whether there is an economic tertiarization trend in China 's economy and evaluates the common factors driving current trends. It sho...Drawing upon output, employment, consumption and trade data, this article examtnes whether there is an economic tertiarization trend in China 's economy and evaluates the common factors driving current trends. It shows that the tertiarization trend is evident for the overall economy and most regions in terms of the service nominal value-added ratio and service employment and consumption. However, the tertiarization trend is not significant in terms of the service real value-added ratio, and there is even some concurrent "detertiarization " because of the decreasing proportion of services in imports and exports. lndeed, China 's tertiarization trend is far behind its industrialization trend The rise in the relative prices of services explains the rising proportion of household service consumption expenditure and further illuminates why the service real value-added ratio has not grown. The main cause for the growing percentage of service employment is the lag in service labor productivity growth in interaction with the price inelasticity of service demand "Cost disease " has appeared in service consumption.展开更多
Since early January this year,the Japanese yen has beendepreciating steadily, from 128 and 129 to 130 yen perdollar,which is the lowest in the last 38 months. It seemsJapan is finally playing its exchange rate card af...Since early January this year,the Japanese yen has beendepreciating steadily, from 128 and 129 to 130 yen perdollar,which is the lowest in the last 38 months. It seemsJapan is finally playing its exchange rate card after fail-ing to revive its econmy through interest rate cuts andexpanding govemment expenditure. Do you think this"exchange rate card" can be the savior for Japan’seconomy? Is the yen depreciation the best choice to pre-vent its economy from falling further?展开更多
With the rapid growth of the Chinese economy, some new phenomena appeared before mid--2008: these included excess liquidity of the banking system, increasing inflation pressure, huge increase of foreign exchange rese...With the rapid growth of the Chinese economy, some new phenomena appeared before mid--2008: these included excess liquidity of the banking system, increasing inflation pressure, huge increase of foreign exchange reserves, growing pressure of RMB revaluation, high price of real estate, consistent growth of equity price, rising reserves requirements ratio, large pressure of raising the RMB interest rate. /~er that, due to the international financial crisis, the external demand on China has decreased and the goal of the Chinese macro economy was directed to ensure economic growth. Proactive fiscal policy and moderately loose monetary policy were adopted by the Chinese government. It was a tough task to maintain steady growth of the macro economy under the impact of the global financial crisis. In 2009, stimulated by the macroeconomic policy, the Chinese economy showed a V-shape rebound. The paper mainly explores the sudden economic change due to the global financial crisis, and the situation of the Chinese economy in these two different phases. Finally the paper puts forward the corresponding policy suggestions.展开更多
With its economic growth attracting global attention over the past 20-plus years of reform and opening up, China is now the third largest trade nation globally, its foreign exchange reserves have topped $1 trillion, a...With its economic growth attracting global attention over the past 20-plus years of reform and opening up, China is now the third largest trade nation globally, its foreign exchange reserves have topped $1 trillion, and it is a magnet for the most foreign direct investment among developing nations. Meanwhile, China has become a leading source of investment for some African and Latin American countries. What do these achievements mean internationally? In an interview with People’s Daily Overseas Edition, Bert Hofman, chief economist of the World Bank’s China Representative Office, says that the contribution made by China’s economic development has far exceeded what it should have done given its role in global economic growth.展开更多
In 2006,China’s capital markets rocketed up 183 percent,and the impressive growth has continued in 2007,with the Shanghai Composite Index already toping 5,000 points.But officials and experts have shown their concern...In 2006,China’s capital markets rocketed up 183 percent,and the impressive growth has continued in 2007,with the Shanghai Composite Index already toping 5,000 points.But officials and experts have shown their concern that展开更多
文摘This paper summarizes the features of the new economy in America, and then analyses the differences between the new economy and Chinese economy with trade theories. At the last, this paper concentrates on study of strategies for China to develop economic internationalization.
文摘The author uses the statistics from 1981 to 2002 to perform a logarithmic regression analysis on the contribution made by foreign investment to Chinese economy. The measurement shows that the following effects on Chinese economy are brought by large amount of foreign investment: 1) Foreign investment, as an important investment source, boosts the increase of the stock of production factors and improves the supplying potentials of Chinese economy. 2) The application of foreign investment speeds the rapid growth of the total production value and the increases the value of Chinese industry. 3) Foreign investment changes the employment structure of Chinese labor force. 4) The tax in China, to some extent, owes its growth to the adoption of foreign investment.
文摘On Sept.27, 2005, China Certification and Accreditation Association was set up, which was a sign of standardization and legalization for China certification and accreditation. Furthermore, its main task includes supporting fairness, gaining credit, promoting development and building a harmonious society.
文摘On December 11th,2009,the National Bureau of Statistics of China released its latest Economic Indicators in November in 2009,analyzing the economic performance from the aspects of industrial production,industrial profit,investment in fixed assets,retail sales,and so on.In the following part,the article would give a brief introduction on how the economic indicators performed during the first eleven months.
文摘China's financial policies in 2000 are being clarfied:China will continue to follow its positive financial policies.This signifies that in 2000,the Chinese economy will operateunder the gridance of positive financial policies.
基金This research is supported by the National Social Science Foundation (Grant No. 13AJL008) and the National Natural Science Foundation (Grant No. 71503263).
文摘In 2014, the amount of RMB cross-border settlement had reached RMB7.6tn. It is important to evaluate the potential influence of RMB internationalization on China's macroeconomy. In the present study, a framework that includes monetary supply and demand was created to analyze the influences of RMB cross-border settlement on China's domestic interest rate, asset price and foreign exchange reserves. It is found that RMB settlement in different BOP items leads to very different effects on China's real economy and the financial market. Based on the analysis, we provide a framework of the policy priorities for RMB internationalization, with the RMB cross-border settlement items divided into three groups with different priorities. Meanwhile, to support RMB internationalization, exchange rate reforms should be adopted as a priority and a prudent attitude maintained regarding capital account liberalization.
基金an National Natural Science Foundation of China project (No. 70773021)a Shanghai Social Sciences project (2008BJL002,2009XAE003)+1 种基金Chinese Ministry of Education Key Projects (No. 2007JJD790118 and 2006JZD0018)the Project of the "985" State Innovative Institute at Fudan University.
文摘Drawing upon output, employment, consumption and trade data, this article examtnes whether there is an economic tertiarization trend in China 's economy and evaluates the common factors driving current trends. It shows that the tertiarization trend is evident for the overall economy and most regions in terms of the service nominal value-added ratio and service employment and consumption. However, the tertiarization trend is not significant in terms of the service real value-added ratio, and there is even some concurrent "detertiarization " because of the decreasing proportion of services in imports and exports. lndeed, China 's tertiarization trend is far behind its industrialization trend The rise in the relative prices of services explains the rising proportion of household service consumption expenditure and further illuminates why the service real value-added ratio has not grown. The main cause for the growing percentage of service employment is the lag in service labor productivity growth in interaction with the price inelasticity of service demand "Cost disease " has appeared in service consumption.
文摘Since early January this year,the Japanese yen has beendepreciating steadily, from 128 and 129 to 130 yen perdollar,which is the lowest in the last 38 months. It seemsJapan is finally playing its exchange rate card after fail-ing to revive its econmy through interest rate cuts andexpanding govemment expenditure. Do you think this"exchange rate card" can be the savior for Japan’seconomy? Is the yen depreciation the best choice to pre-vent its economy from falling further?
文摘With the rapid growth of the Chinese economy, some new phenomena appeared before mid--2008: these included excess liquidity of the banking system, increasing inflation pressure, huge increase of foreign exchange reserves, growing pressure of RMB revaluation, high price of real estate, consistent growth of equity price, rising reserves requirements ratio, large pressure of raising the RMB interest rate. /~er that, due to the international financial crisis, the external demand on China has decreased and the goal of the Chinese macro economy was directed to ensure economic growth. Proactive fiscal policy and moderately loose monetary policy were adopted by the Chinese government. It was a tough task to maintain steady growth of the macro economy under the impact of the global financial crisis. In 2009, stimulated by the macroeconomic policy, the Chinese economy showed a V-shape rebound. The paper mainly explores the sudden economic change due to the global financial crisis, and the situation of the Chinese economy in these two different phases. Finally the paper puts forward the corresponding policy suggestions.
文摘With its economic growth attracting global attention over the past 20-plus years of reform and opening up, China is now the third largest trade nation globally, its foreign exchange reserves have topped $1 trillion, and it is a magnet for the most foreign direct investment among developing nations. Meanwhile, China has become a leading source of investment for some African and Latin American countries. What do these achievements mean internationally? In an interview with People’s Daily Overseas Edition, Bert Hofman, chief economist of the World Bank’s China Representative Office, says that the contribution made by China’s economic development has far exceeded what it should have done given its role in global economic growth.
文摘In 2006,China’s capital markets rocketed up 183 percent,and the impressive growth has continued in 2007,with the Shanghai Composite Index already toping 5,000 points.But officials and experts have shown their concern that