China National Petroleum Corporation(CNPC),Asia’s biggest oil and gas producer,will increase its investment in natural gas exploration and production,pipeline construction and gas sales in the coming decade,betting b...China National Petroleum Corporation(CNPC),Asia’s biggest oil and gas producer,will increase its investment in natural gas exploration and production,pipeline construction and gas sales in the coming decade,betting big on the country’s thirst for the clean fuel.The stateowned company,which currently allocates 70展开更多
Addressing the prolonged stagnation in household consumption growth in China is crucial for the successful implementation of the strategy to expand domestic demand.By constructing the upgrading index of consumption st...Addressing the prolonged stagnation in household consumption growth in China is crucial for the successful implementation of the strategy to expand domestic demand.By constructing the upgrading index of consumption structure from 2002 to 2018,it is found that the overall upgrading trend of household consumption structure in China is accelerated after 2014.Theoretical analysis and empirical results indicate that,as household consumption structures rapidly upgrade with rising incomes in China,the primary factor limiting reasonable growth in household consumption is the insufficient effective supply resulting from a mismatch between the supply structure and the demand structure.As the adjustment of the supply structure depends on the continuous optimization of investment flow,expanding effective investment is the key driving force to improve effective supply,and it is also the existing component of expanding domestic demand.Further research shows that weakening investment convergence can significantly alleviate the insufficient effective supply caused by consumption upgrading.Enhancing the scientific anticipation of policy regulations and increasing the effectiveness of investments will be beneficial for realizing the strategy of expanding domestic demand.展开更多
文摘China National Petroleum Corporation(CNPC),Asia’s biggest oil and gas producer,will increase its investment in natural gas exploration and production,pipeline construction and gas sales in the coming decade,betting big on the country’s thirst for the clean fuel.The stateowned company,which currently allocates 70
基金the Major Project funded by the National Social Science Foundation of China(No.21ZDA037)Ministry of Education's Humanities and Social Sciences Research Program(No.19YJA790025).
文摘Addressing the prolonged stagnation in household consumption growth in China is crucial for the successful implementation of the strategy to expand domestic demand.By constructing the upgrading index of consumption structure from 2002 to 2018,it is found that the overall upgrading trend of household consumption structure in China is accelerated after 2014.Theoretical analysis and empirical results indicate that,as household consumption structures rapidly upgrade with rising incomes in China,the primary factor limiting reasonable growth in household consumption is the insufficient effective supply resulting from a mismatch between the supply structure and the demand structure.As the adjustment of the supply structure depends on the continuous optimization of investment flow,expanding effective investment is the key driving force to improve effective supply,and it is also the existing component of expanding domestic demand.Further research shows that weakening investment convergence can significantly alleviate the insufficient effective supply caused by consumption upgrading.Enhancing the scientific anticipation of policy regulations and increasing the effectiveness of investments will be beneficial for realizing the strategy of expanding domestic demand.
