Impact of the carbon market on investment benefits of power-grid enterprises in China: a system dynamics analysis

The power grid,as the hub connecting the power supply and consumption sides,plays an important role in achieving carbon neutrality in China.In emerging carbon markets,assessing the investment benefits of power-grid enterprises is essential.Thus,studying the impact of the carbon market on the investment and operation of powergrid enterprises is key to ensuring their efficient operation.Notably,few studies have examined the interaction between the carbon and electricity markets using system dynamics models,highlighting a research gap in this area.This study investigates the impact of the carbon market on the investment of power-grid enterprises using a novel evaluation system based on a system dynamics model that considers carbon-emissions from an established carbon-emission accounting model.First,an index system for benefit evaluation was constructed from six aspects:financing ability,economic benefit,reliability,social responsibility,user satisfaction,and carbon-emissions.A system dynamics model was then developed to reflect the causal feedback relationship between the impact of the carbon market on the investment and operation of power-grid enterprises.The simulation results of a provincial power-grid enterprise analyze comprehensive investment evaluation benefits over a 10-year period and the impact of carbon emissions on the investment and operation of power-grid enterprises.This study provides guidelines for the benign development of power-grid enterprises within the context of the carbon market.

Chinese Enterprises’ Investment in Southeast Asia Continues Unabated

As we all know,Southeast Asia has become a hot destination for Chinese enterprises to invest in.The latest report shows that Southeast Asia continues to attract China’s capital,within which the medical industry has become an important area for Chinese enterprises to invest in,and the investment activity has gradually warmed up despite fluctuations.

How R&D investment promotes green technology innovation in the context of digitalization?-An empirical analysis based on provincial panel data

Green technology innovation is an important driving force and source to promote my country’s high-quality development,and it is the core path to achieve sustainable development.This paper uses my country’s provincial panel data from 2016 to 2019 to study the impact mechanism of R&D investment on green technology innovation,and introduces the level of digitization,using the panel threshold model to discuss its role in the impact mechanism of R&D investment on green technology innovation.The study found that when the level of digitalization in a region is low,increasing R&D investment does not necessarily improve the ability of green technology innovation;when the level of digitalization is relatively high,R&D investment has a positive role in promoting green technology innovation.Therefore,it is necessary to improve policies to encourage enterprises to increase investment in research and development;at the same time,it is necessary to promote the coordinated development of digital foundation,digital investment,digital literacy,digital economy and digital application,and promote the deep integration of digitalization and green technology innovation.

Renewing Chinese Investment in Indonesia’s Energy Sector

On April 1,the China RE Invest Indonesia 2024,a symposium cohosted by the Embassy of the Republic of Indonesia in China,the Southeast Strategics(a business and investment research and advisory institute),and the Center for Strategic and International Studies(CSIS)Indonesia,took place in Beijing.Representatives from renewable energy investment companies,equipment manufacturers,financial institutions,government departments,renewable energy-related enterprises.

Bringing Opportunities Job fair connects Chinese-invested enterprises in South Africa with local job seekers

Simphiwe Zondi in Johannesburg,South Africa,was especially happy on 16 April.At the 2024 Job Fair of the Chinese-Invested Enterprises in South Africa held in the Gallagher Convention Centre on that day,he presented his CV and immediately secured a job as a technical director at the South Africa subsidiary of PowerChina,which ranked 105th on the Fortune Global 500 list in 2023.He was one of the few applicants who signed employment contracts at the job fair.

Research on the Threshold Effect of China’s Pharmaceutical Export Trade on Internal and External R&D Investment

Objective To study the threshold effect of export trade on internal and external R&D investment in China’s pharmaceutical industry,and to provide reference for some pharmaceutical enterprises to improve the investment.Methods The panel data of pharmaceutical industry in 25 provinces and cities in China from 2009 to 2019 were selected to conduct empirical analysis by establishing a threshold regression model,and a better export trade interval was obtained.Results and Conclusion There is a threshold value for the effect of new product export on both internal and external R&D expenditures,and the threshold values are 845.2788 million yuan and 318.4198 million yuan,respectively.There is a single threshold effect of export trade on both internal and external R&D investment in China’s pharmaceutical industry,and the effect of export trade on internal and external R&D investment changes from negative to positive as the export trade develops from low to high.

Research on the Effect of R&D Investment Intensity and Sales Expense on the Performance of Biomedical Enterprises

Objective To explore the influence of new drug R&D investment and sales expense on the performance of biomedical enterprises.Methods The financial statements of 76 listed biomedical enterprises for 5 consecutive years were selected,and the data were modeled to study the effect of R&D investment and sales expense on the performance of biomedical enterprises by using financial indicators as tools and statistical methods of multiple linear regression.Results and Conclusion Under the premise that the weak related factors such as enterprise scale,life cycle and asset-liability ratio are set as unrelated variables,the R&D investment intensity of biomedical enterprises is negatively correlated with the current performance,which also shows that the R&D of biomedical enterprises has the characteristics of high risk.Besides,the influence of early R&D investment is delayed.However,the sales expense of leading biomedical enterprises with large scales have higher proportion.Meanwhile the greater sales expense of the same enterprise in different periods,the better the enterprise performance is.Biomedical enterprises should consider their own development stage to develop more patented drugs.Besides,they must formulate plans for allocating reasonable sales personnel and cost expense to ensure that enterprises can obtain better benefits.

Building the Bridge

On October 17 and 18,2023,the 3rd Belt and Road Forum for International Cooperation was held in Beijing,China.H.E.Mr.Srettha Thavisin,Prime Minister of the Kingdom of Thailand,attended and engaged in discussions with representatives from Chinese enterprises on bilateral investment and cooperation.On social media.

Which Cities are More Attractive for Business Investment?

A good business environment is the soft power and core competitiveness for urban economic development,and is a key element to attract business investment.Recently,the“Top 50 Cities with Business Investment Attraction”(hereinafter referred to as the Survey)released by the Big Data Research Institute of Qi Chacha shows that the siphonic effect of the first-tier cities is significant,and in the past five years,enterprises in Shanghai,Beijing and Shenzhen have been invested in the most frequently.

R&D投入对企业绩效影响的统计研究

【目的】对R&D投入与企业绩效的影响关系进行统计研究,为江西省上市公司进行R&D投入合理规划、提升企业绩效和促进创新驱动发展提供建议。【方法】基于江西省2019—2021年上市公司的面板数据,构建面板门槛回归模型,分析了R&D投入对企业绩效的门槛效应。【结果】单一门槛、双重门槛、三重门槛均通过了显著性检验,在不同门槛值区间时,R&D投入对企业绩效的边际系数符号及其显著性存在明显差异。【结论】企业应根据自身所处的R&D投入区间合理制定相应的研发计划,当企业R&D投入处于低区间时,应当加大R&D投入;当R&D投入上升至一定区间时,则需重点关注R&D投入效率问题,以避免R&D投入对企业绩效的抑制作用。

CCPIT Holds Dialog with Foreign Business Associations and Foreign-Invested Enterprises

On August 24,Ren Hongbin,Chairman of the China Council for the Promotion of International Trade(CCPIT),presided over the Dialog with Foreign Business Associations and Foreign-invested Enterprises and listened carefully to the business operations,problems and demands,as well as opinions and suggestions of foreign business associations and foreign-invested enterprises.The participants included 11 representatives from foreign business associations,such as the American Chamber of Commerce in the People’s Republic of China(AmCham China),the European Union Chamber of Commerce in China(EUCCC),the British Chamber of Commerce in China(BCCC),and the China-Italy Chamber of Commerce(CICC),and 16 representatives of foreign-invested enterprises,such as Bayer,Boehringer Ingelheim,Nestle,Starbucks,Cargill,Corning,Intel,Qualcomm,Pfizer,Air Liquide,P&G,MUFG,and SK China.Vice Chairman Zhang Shenfeng of the CCPIT also attended the Dialog.

Impact of China’s Outward Foreign Direct Investment on Enterprise Performance

The present study seeks to address two fundamental questions.(1)Does outward foreign direct investment(OFDI)enhance enterprise performance ultimately?(2)How does this effect come about?A new dataset from the years 2011 to 2016 based on the micro-data of 88 Chinese multinational-listed enterprises was used to test research hypotheses with the mediating effect modeling approach.The study results reveal that:(1)the investment intensity has a positive influence,while investment span has a negative influence on enterprise performance;(2)the enhanced innovation capability can considerably increase the enterprise performance,while investment intensity and span both hinder the upgrading of innovation capability;and(3)the innovation capability of an enterprise plays a partial intermediary role among investment span and enterprise performance.However,there is no mediating effect between investment intensity,innovation ability,and enterprise performance.

Investment Challenges in Africa： Case Studies of Chinese Enterprises

When Africa's growth faces headwinds and when China's Belt and Road Initiative finds synergy with Africa's development agenda, it is imperative for Chinese enterprises to adjust their strategies and traditional practices in order to deal with all kinds of risks. It is also urgent for the Chinese government to be fully prepared to help safeguard the legitimate interests of its nationals and enterprises in Africa when it is needed.

Thoughts on Promoting the Investment and Financing Development of Enterprises'Intellectual Property Rights from the Perspective of Intellectual Property Strategy

With the in-depth implementation of China's intellectual property strategy,the situation of intellectual property protection in China has been further improved,the enthusiasm of the public for entrepreneurship and innovation has been further stimulated,people's awareness of intellectual property rights has been further enhanced,and the value of intellectual property rights has been further recognized by people.As a new economic form,"intellectual property economy"plays an increasingly important role in our socialist market economy.At the same time,China's intellectual property still faces some prominent problems,especially in the field of intellectual property investment and financing,such as difficult valuation,management and liquidation.From the perspective of the implementation of intellectual property strategy and starting from the investment and financing of intellectual property rights of small and medium-sized enterprises,this paper introduces the basic concepts of intellectual property investment and financing,the development status and existing problems of intellectual property investment and financing of small and medium-sized enterprises,and puts forward some suggestions for improving the investment and financing policy of intellectual property rights.

THE STATE COUNCIL DECIDES TO EXTEND THEIMPORT-DUTY EXEMPTION PERIOD FOR IMPORTS OF EQUIPMENT AND RAW MATERIALS BY ENTERPRISES WITH FOREIGN INVESTMENT

Recently the State Council decided to extend the period ofduty exemption for imports of equipment and raw materials by foreign-invested enterprises below US$30 million.In order to administrate import and export activities in light ofinternational practice and apply a unified, fair and standardizedpolicy toward import duties, the State Council, on December28,1995, decided to reform and adjust the policies of import duties by fairly significant reduction of the overall import tariff leveland elimination of preferences of import-duty exemption for mostimport items, which was also applicable to imports of equipmentand raw materials by foreign-invested enterprises set up since April1st, 1996. At the same time, with a view to maintaining the policycontinuity and relative stability, those enterprises established before March 31, 1996 were allowed an extended duty-exemptionperiod of one to two years for importation of equipment and rawmaterials(referring to construction materials, etc.) if such importswere below the value of their total investments, and for

Research on the Relationship between the Profitability and R&D Investment of Enterprises of Different Scales in China’s Pharmaceutical Industry

Objective To analyze the relationship between the profitability of pharmaceutical enterprises of different scales and their R&D investment.Methods The data of China’s pharmaceutical manufacturing industry from 1995 to 2016 were selected to establish a vector auto-regression mode,and then an impulse response function and variance decomposition were used to analyze the data.Results and Conclusion For large-scale pharmaceutical enterprises,1%increase in R&D input will lead to 0.792%increase of their main business profit.For medium-sized enterprises,if their main business profit increases by 1%,their R&D input will increase by 0.965%.Therefore,if their R&D input increases by 1%,their main business profit will increase by 1.036%.The improvement of the profitability of large-scale pharmaceutical enterprises cannot promote the increase of R&D capital investment.But the increase of profitability from medium-sized enterprises can promote the increase of R&D capital investment.As a result,the increase of R&D capital investment of large and medium-sized enterprises can improve corporate profitability.

Japanese Enterprises Wish to Expand Investments in China,Despite Declining in 2015

Japan’s investment in China in2015 was$3.2 billion,which was a drop of 25.9%compared with the year before;as for trade,however,Japan was the second destination country for China’s exports,with a volume of$135.7 billion;as for imports,Japan ranked third with a volume of$143 billion.Japanese companies

98.7%foreign enterprises expressed that they would expand investment in China

From January to November 2022,the profits of major industrial enterprises in China decreased by 3.6%year-on-year.According to the data from the National Bureau of Statistics(NBS),the total profit of industrial enterprises with an annual operating income of 20 million yuan or more in these eleven months is about 7.72 trillion yuan.Although the profit decreased by about 4%compared with last year's,faced with challenges and pressure,Zhu Hong.