Spatial Differentiation and Convergence Trend of High-quality Development Level of China’s Tourism Economy

This paper aims to interpret the connotation of high-quality development of tourism economy(HQTE)from the perspective of the new development concepts of innovation,coordination,green,openness and sharing,and then to evaluate the spatial differenti-ation of China’s HQTE based on provincial panel data from 2009 to 2018.Specifically,we employ the spatial convergence model to ex-plore the absolute and conditionalβconvergence trends of HQTE in the whole country and the eastern,central and western regions of China.Our empirical results reveal that:1)within the decade,from 2009 to 2018,regions of China with the highest HQTE index is its eastern region followed by the central region and then the western region,but the fastest growing one is the western region of China fol-lowed by the central region and then the eastern region.2)Whether or not the spatial effect is included,there are absolute and condition-alβconvergence in HQTE in the whole country and aforementioned three regions.3)The degree of government attention as well as the level of economic development and location accessibility are the positive driving factors for the convergence of HQTE in the whole country and the three regions.The degree of marketization and human capital have not passed the significance test either in the whole country or in the three regions.The above conclusions could deepen the understanding of the regional imbalance and spatial conver-gence characteristics of HQTE,clarify the primary development objects,and accomplish the goal of China’s HQTE.

Data-Empowered High-Quality Economic Development: Mechanisms and Pathways

To achieve high-quality economic development,it is imperative to prioritize the real economy and foster new factors for economic growth.Data,as a new factor of production,plays a pivotal role in facilitating the seamless integration between digital technology and the real economy.It possesses inherent attributes and techno-economic characteristics that enable the extraction of value across various processes,including production,transaction,consumption,and regulatory supervision.The integration with digital technology enhances the productivity and efficiency of the real economy by facilitating service sector digitalization,accelerating the growth of the new real economy,and supporting the virtual economy in its role of serving the real economy.At present,unleashing the value of data is hindered by inadequate fundamental systems for the data,a lack of activity in the transaction market,and the underutilization of the data as a factor of production by enterprises in the real economy.Therefore,it is advised that data be fully utilized to develop the real economy through the four-pronged approach of“enhancing support for the high-quality provision of the data,expediting the integration of the data into the real economy,promoting the high-quality development of the real economy,and enhancing public service and governance systems”.

High-Quality Development in China-Arab Digital Economy Cooperation:Opportunities,Challenges and Prospect

As the world undergoes a digital transformation,China-Arab cooperation in the digital economy has become a pivotal area of international engagement.This article explores the opportunities,challenges,and prospects of this cooperation,with a particular focus on the Digital Silk Road initiative under the Belt and Road framework.The study highlights the synergies between China’s technological advancements and the digital strategies of Arab countries,examining progress in key areas such as cooperation mechanisms,digital infrastructure,and cross-border e-commerce.Moreover,it identifies significant challenges,including the digital divide and talent shortages,and proposes strategies to enhance China-Arab digital economy cooperation.These strategies include improving digital infrastructure,growing digital talent cultivation,and developing smart city initiatives alongside expanding cross-border e-commerce,all aimed at fostering sustainable and mutually beneficial outcomes.

Path Analysis of High-Quality Development of Regional Economy The Role and Impact of Industrial Policies

With China’s economic development entering a new normal,high-quality regional economic development has become an important goal of current economic development.As one of the important means to promote high-quality development of the regional economy,industrial policies are increasingly receiving attention in terms of their role and impact.This article mainly conducts an in-depth analysis of the mechanism and impact path of industrial policies,exploring the role and impact of industrial policies in promoting high-quality regional economic development.Firstly,industrial policies play an important role in promoting high-quality regional economic development.Secondly,the impact path of industrial policies on the high-quality development of the regional economy mainly includes promoting industrial structure upgrading,promoting technological innovation,guiding resource allocation,and enhancing enterprise competitiveness.Therefore,it is necessary to increase research and practice on industrial policies,continuously optimize policy measures,and promote high-quality development of the regional economy.

Green Finance Promotes High-Quality Development of Regional Economy

With the rapid development of the social economy,the role of green finance in promoting the high-quality development of regional economies is increasing day by day.The advancement of green finance not only aids in fostering the green transformation and upgrading of regional economies but also helps mitigate the risks of environmental damage stemming from traditional economic activities.In this new era,it is imperative to embrace the concept of green finance development and innovate green finance practices to further drive high-quality regional economic development.This paper will analyze the significance of green finance in regional economic development,assess the current state of green finance development,and propose optimization strategies for green finance to facilitate high-quality economic development.

Research Progress of High-Quality and Equilibrium Economic Development of Ethnic Regions in the Context of Digital Economy

A new generation of information technology is driving the growth of digital economy across the world.In recent years,China has attached great importance to the development of digital economy and digital technology.With the support of a series of policies,the digital industry has been able to develop at an astounding rate,and at the same time the integration of other industries with digital technology has been strengthened.The profound changes in production factors,production methods,and production approaches have promoted high-quality regional economic development.Literature statistics have shown an increasing trend in digital economy research in recent years.In this paper,literature on digital economy development,digital economy and high-quality economic development,the current situation of economic development in ethnic regions,and digital economy and economic development in ethnic regions is recapitulated in an attempt to learn from existing studies.

Discussion on Statistical Monitoring and Evaluation of High-Quality Development of County Economy

The county economy serves as the fundamental unit in China’s economic development and construction.There exists a significant correlation between the quality and level of county economic development and the overall economic construction level of the country.In recent years,China’s economy has experienced rapid growth,contributing to an improved living environment and substantial economic income for its citizens.However,this progress has also brought to light certain issues,such as an unbalanced industrial structure and inefficient resource utilization,leading to problems such as low efficiency and severe environmental pollution.Therefore,it becomes imperative to enhance the statistical monitoring and evaluation of high-quality county economic development.This approach aims to gather insights into the development status of the county economy and provide essential data support for decision-making in county economic development.Consequently,this paper proposes development suggestions for the statistical monitoring and evaluation of high-quality county economic development,serving as a crucial starting point for future initiatives.

Digital Economy and High-Quality Industrial Development

In the 14th Five-Year Plan period(2021-2025),China has vowed to pursue high-quality industrial development.The digital economy drives high-quality industrial development by creating means of production,reducing transaction costs,transforming industrial organization,and improving the efficiency of resource allocation.The digital factor has become a key factor of production for high-quality development.Digital and user-created innovations are the new normal for cross-sectoral integration and innovation.Great progress has been made in China'high-quality industrial development driven by the digital economy.The rapid development of digital industries and industrial digitalization have reshaped the industrial division of labor and helped the ascension of related industries towards the medium-and high-end links of the global value chains.However,China still faces numerous challenges in the development of its digital economy;it lacks indigenous industrial innovation,depends on foreign supply of core technologies,and is ill-prepared for industrial digitalization.Much work remains to be done to further coordinate the development of some industries and foster digital ecosystems for the symbiosis of industrial chains.In furthering the high-quality industrial development driven by the digital economy,China should stay at the forefront of digital innovation,promote digital governance,enhance data factor agglomeration,and foster digital talents.

High-quality Development Path of Henan Agriculture and Rural Areas Empowered by Digital Inclusive Finance

By studying high-quality development process of Henan agriculture and rural areas empowered by digital inclusive finance,it is found that the construction of digital financial infrastructure in Henan Province is relatively complete,and the level of deposit and loan of rural enterprises and farmers is constantly improving,and the market and government are constantly upgrading the financial risk insurance compensation mechanism.At the same time,there are also problems such as insufficient demand and supply of digital finance,single digital financial products,and weak market supervision.Based on this,some implementation paths are proposed,such as continuing to strengthen the construction of rural financial infrastructure in Henan Province,improving farmers’financial literacy,and enriching digital financial products and services.The government should continue to improve the construction of market system,and broaden the market supervision and management,to actively promote the digitalization of agricultural finance to enable the high-quality development of agriculture and rural areas in Henan Province.

Research on the Spatial Influence of Digital Inclusive Finance on the High-quality Development of Private Economy

This paper selects China's provincial panel data from 2011 to 2020,uses the entropy method to calculate the high-quality development index of the private economy,and studies the spatial impact of digital inclusive finance on the high-quality development of the private economy based on the SDM model.The results show that:digital inclusive finance development has a positive effect on the high-quality development of the private economy in various provinces and cities,while it has a negative inhibitory effect on the high-quality development of the private economy in neighboring provinces and cities.In terms of spatial heterogeneity,digital inclusive finance in North China,East China,and Central and South China has a significant role in promoting the high-quality development of the private economy.The effect of North China,East China,and Central South is decreasing in order,while digital inclusive finance in Northwest China has a significant effect on the private economy.High-quality development has a negative effect.This paper provides empirical evidence and policy directions for the high-quality development of private enterprises in the context of the digital economy in the new era.

Regional Economic Geography with Externalities, Congestion, and Fiscal Policies in a Small-Open Growth Economy

This paper develops a two-regional growth model with amenity, capital accumulation and regional public goods with public goods and fiscal policies. The economy consists of two regions and each region consists of the industrial sector and public sector. The industrial sector provides goods in perfectly competitive markets. The public sector, which is financed by the regional government’s tax incomes, supplies regional public goods. The public goods affect both firms and households. We show how to find equilibrium values of the dynamic system and simulate model. Then, we carry out comparative statics analysis with regard to parameter changes in tax rates, congestion and amenity. Our comparative statics analysis provides some important insights. For instance, a main difference between the effects of increasing the two regions’ tax rates on the output is that as the technologically advanced region’s (the other region’s) tax rate on the industrial sector is increased, the national industrial output, national capital employed by the economy, and the national wealth are increased (reduced). In the region which increases the tax rate, the wage rate, consumption and wealth per capita, output per labor force, the population, and land rent are increased, and the corresponding variables in the other region are reduced.

Open Prostatectomy in the Management of Benign Prostate Hyperplasia in a Developing Economy

Background: Open prostatectomy (OP) is still relatively common in developing countries and remains a useful benchmark against which the minimal access surgical techniques are compared. This study aims to document the indications and outcomes of OP in a typical developing economy. Method: The records of patients with benign prostate hyperplasia (BPH) who had OP in our university teaching hospital between July 2004 and June 2014 were retrospectively reviewed. Some analyzed parameters include the demographic characteristics, indications, pre-operative work-up, anaesthetic techniques, OP type, complications, histopathology results and follow-up duration. Results: A total of 247 cases were studied. Mean age was 67 years while the commonest surgery indication was recurrent acute urinary retention. Average prostate specific antigen (PSA) was 8.4 ng/ml while hypertension was the most common comorbidity (44.1%). Regional anaesthesia was mainly used (79.4%) while retropubic prostatectomy was the commonest OP type done (58.7%). The enucleated specimen weighed above 60 g in 91.9% of cases. All our patients were able to micturate spontaneously with urine stream above 20 mls/second on follow-up one week after discharge. Mean duration of hospital admission and follow-up were 7 days and 9 months respectively. Complications occurred in 90 patients (36.4%), of which surgical site infections were the commonest (9.8%). There was 0.4% mortality. Histopathology results showed BPH (95.5%), (incidental) prostate adenocarcinoma (2.4%) or prostatic intra-epithelial neoplasia (2.1%). Conclusion: OP remains an important therapeutic option for management of BPH in developing countries partly due to relatively large prostate size and presence of BPH complications from late presentationin many patients. The surgery is efficient and has relatively low morbidity and minimal mortality.

The development of an open economy in China——A retrospective analysis of 30 years of opening to the outside world

China’s three decades of opening to the outside world are a historical process of establishing and developing an open economy. This process can be divided into four stages:1) reducing regulation,rejuvenating the trade regulatory regime and delegating management rights to foreign-trade operators;2) developing foreign trade firms into de facto market entities; 3)pursuing trade liberalization and establishing an open economic system in conformity with international rules;4) furthering improvement and innovation in infrastructure. At the initial stage of establishing an open economy,China restructured its foreign trade system and learned valuable lessons about liberalization through system transition.China experimented with bold breakthrough initiatives in special economic zones and open coastal cities,and correctly selected an export-oriented development strategy. Two core policies underlying China’s open economy are the strengthening of bilateral and multilateral trade relationships,and realigning the institutional environment to comport with international rules.China’s open economy occupies an important position in the national economy. Moreover,it has become an important part of state’s macro-economic regulation and is exerting growing influence on the world economy.

Selection of Mergers and Acquisitions by Foreign Capital in Open Economies

By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. Meanwhile, the trade policy of the host government is taken into account. It is concluded that the more open the economy and the more intense the competition, the less profitable the integration; the most important determinant to the changes of the domestic social welfare is the industry strength of the host country. The host authority can enhance the domestic social welfare in two ways： to adjust the trade policy and to only approve the socially desirable cross-border mergers and acquisitions.

Piketty’s Capital-Income Theory Reconsidered for a Small Open Economy with Increasing Savings Rate

Since Piketty offered a new view of capital/income ratio, numerous attempts have been made to examine the relationship between return on capital, economic growth and the capital/income ratio. This paper attempts to shed new light on this field. More precisely, following recent literatures that pay attention to dynamics of external balance sheets of countries, we examine if Piketty’s results for large countries are robust for a country that takes the world rate of return on capital as given and whose savings rate increases gradually from negative value. It is revealed that for such a country, (1) Kuznets curve is drawn and (2) capital/income ratio decreases in accordance with a rise in savings rate and return on capital.

Establishment of a New Spatial Agglomeration of an Open Economy:Theoretical Basis,Historical Practice and Feasible Pathways

The new spatial agglomeration of an open economy should conform to the spatial agglomeration theory of the new economic geography and the characteristic conditions of the Chinese population,follow the historical practice and development trend of the spatial agglomeration of China’s open economy for the past 40 years since reform and opening up,fit the transformation of the development status and goals of the Chinese economy,and fulfill the requirements of the new era brought about by the new trends of economic globalization.It is necessary to guide the open economy towards a proper clustering in the central and western regions and accelerate the regional opening up.Meanwhile,in order to promote the proper distribution of production factors and the coordinated development of an open economy,we should facilitate the spatial optimization distribution of production factors by employing the comparative regional advantages and endowments,thereby improving the international competitiveness of China’s open economy.

The Analysis of the Effect of China＇s Monetary Policy in Open Economy

Firstly, this paper theoretically proves that with the development of open economy the effect of monetary policy will become poor. Secondly, the paper empirically analyzes the impact of open economy on our monetary policy. We conclude that there no longer exists long stable relationship between money supply and economic growth. Finally, in four aspects the paper concretely points out that with the open of economy great changes will take place in the implementation of our monetary policy.

EFFECTS OF EXCHANGE RATE AND TARIFFS ON AN OPEN ECONOMY OF SCARCITY OF CAPITAL

In this paper, the impact of tariffs and exchange rate on consumption and investment in an open economy of scarcity of capital is analysed.The dynamics and market price of capital,and the solution of foreign asset holding of the firm are discussed.Particular attention is also devoted to the social welfare aspects.

China＇s Developing Open Economy： Myths and Realities

Both academia and actual economic sectors have certain misunderstandings regarding the development of China＇s open economy. Since its accession to the WTO, China has in fact had an open economy and not an ＂export-oriented＂ economy. China＇s trade imbalance in the global economy is merely a result of economic disparities between the world＇s more- and less- developed regions combined with the rational optimization of resources. The current situation, wherein China appears to be heavily export-oriented, stems naturally from the real economy moving towards a dynamic equilibrium against a backdrop of economic globalization and deepening international specialization. We have concluded that domestic consumption and external demand reinforce each other, and the development of an open economy in China is therefore not at odds with expanding domestic consumption.

Research on the Influence of the Digital Economy on Transforming Consumption Behavior Among Residents

Drawing on the essence of Marxist consumer economy theory,this paper argues that the innovations of digital technology can effectively facilitate the integration of economies of scale,economies of scope,and long-tail economies.Through careful analysis of the practical case of Xiaomi’s business ecosystem,this paper highlights the notion that data serve as both a key production factor and a critical consumption carrier within the context of digital consumption.We thoroughly investigated the influence of the digital economy on transforming consumption behavior among residents by analyzing a range of typical business cases and the latest data that triggered this transformation.Based on the analysis,this paper argues that such transformation can lead to the platform agglomeration effect,the inclusive diffusion effect,and the push-pull effect by highlighting the specific ways in which the digital economy disrupts the consumption-production model and contributes to the upgrading and transformation of traditional industries.Additionally,this paper demonstrates how the digital economy can expand and promote emerging business forms,providing insights into the ways in which digital innovation is reshaping the contemporary economic landscape.This study intends to provide several policy suggestions that can expand domestic demand,promote consumption,drive the high-quality and integrated development of China’s digital and real economy,and position China as a strong cyber and consumer nation by using digitalized consumption as a starting point.