Fujian Investment and Trade Talks

To help domestic and foreign investorsobtain a better understanding ofChina’s coal industry and strengtheneconomic and technological co-operation,13 institutions, including the Ministry of theCoal Industry and the provincial governmentof Fujian jointly sponsor the Fujian Investmentand Trade Talks at Xiamen in every September.During the 1995 talks, Chinese coal enterprisessigned 32 letters of intent, agreements orcontracts with foreign businessmen onconstruction. The total investment was US＄5.158 billion, including US＄ 3.438 billion offoreign capital. The trade talks were alsovery lively, with 33 contracts concluded,totaling US＄ 74.66 million.

Data Watch on China's Foreign Trade and Investment in the First Ten Months of 2011

China’s foreign trade in the first ten months of 2011 According to statistics of the Customs, China’s exports and imports in the first ten months of the year reached $2.97538 trillion, up 24.3% over the same period last year, 12 percentage

CHINA'S SERVICE TRADE MAKING USE OF FOREIGN INVESTMENT

At the initial stage of the economic reform and opening drive, the Chinese government encouraged foreign businessmen to invest in the industrial field, strictly confining foreign investment to the service trade. For a long period of time, China’s service trade has lagged far behind other developed countries, with such long existing problems

Impact of openness, economic policy reform and regional shocks on trade and growth of Thailand： An econometric study

Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalization. Nevertheless, several recent internal and external factors e.g. the massive SARS and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asia financial crisis and domestic policy reforms （ICSEAD, 2006） have also impeded this policy. While the issues are important for Thailand and developing countries in Asia, only limited research has been undertaken to investigate them. The paper conducts a substantive quantitative study to contribute to these trade and development policy issues. A new econometric modelling policy method, namely the generalized gravity theory （Tran Van Hoa, 2004） is used to develop a simple flexible simultaneous-equation econometric model of Thailand＇s openness model with its seven major trade partners （ASEAN-4, Australia, the USA, the EU, China, Japan and India）. Using data from the ICSEAD, the World Development Indicators and the Bank of Thailand databases, the paper reveals efficient and reliable empirical findings on trade-growth causality, trade determination including the impact of shocks and policy reform on trade and growth between Thailand and its major trade partners over the past two decades. The paper also provides evidence on the linkages between trade in goods, FDI and services and regional economic integration for more credible policy implications.

Analysis on the Level of Intra-industry Trade for ASEAN＇s Economy

This paper aims to examine and analyse the level of intra-industry trade on economy of ASEAN. These data obtained from the accurate and reliable source of ASEAN Trade Statistics databases. The importance of intra-industry and measurement is also described. Moreover, the linkage of intra-industry trade and investment liberalization under the ASEAN Economic Community （AEC） is also explained. The effective enhancement schemed to increase the competitiveness of specific industries had been proposed to enhance ASEAN to be efficient production hub and network of region that lead to the ultimate goal of single market. The further studies can be applied to construct and estimate the econometric model and forecasting technique to confirm the empirical results.

Transatlantic Trade and Investment Partnership and Trans-Pacific Partnership： Policy Options of China

As a result of deadlocked multilateral trade negotiations, many countries have embarked on the establishment of bilateral and regional trade agreements. Using the Global Trade Analysis Project database and a computable general equilibrium model, our paper focuses on the impacts of the Transatlantic Trade and Investment Partnership （TTIP） and the Trans- Pacific Partnership （TPP） on the Chinese economy under three scenarios. The results suggest that when only the TTIP is realized, Chinese economic variables are negatively affected. When both the TTIP and the TPP are realized and China is excluded, the combined damage to the Chinese economy is higher than the damage with the TTIP alone. However, the inclusion of China in the TPP has a positively effect on economic variables in China. This indicates that the impacts of China ＇s participation in the TPP compensate for the negative impacts of the TTIP. Therefore, China should consider being part of the TPP to offset the negative impacts of the TTIP.

US Presidential Election 2008:Policy Implications for US-China Trade and Investment

The next US president will be elected in November 2008. Since the relative stabilization of war in Iraq, the economy has become the national priority of the 2008 US election. In their campaign efforts, the Democrats have enjoyed greater momentum than the Republicans, in terms of polls, fund-raising and corporate support. After the Bush era, the next president will seek to restore America＇s leadership and to engage in multilateralism. Since the 1990s, China has been the most rapidly-growing US export destination. In terms of US-Shinese trade and investment, the next president, ira Democrat, will, among other issues, review trade agreements and has pledged to co-sponsor legislation that would allow US companies to seek anti-dumping duties on Chinese imports based on the perceived undervaluation of the Chinese currency. If a Republican, the next president will support global integration and oppose protectionist measures. The Democratic Congress is likely to oppose Republican policies in general and free trade policies in particular. Both scenarios imply increasing pressure on US-Chinese trade and investment relationships. Because these two nations now account for almost half of global growth, the state of the futureUS-Chinese bilateral relationship has worldwide implications.

Gearing Up for the Fair——Promoters are attracting overseas attention to the upcoming annual international investment and trade fair in Xiamen,southeast China

Among Chinese men who wear suits and shirts, few are unfamiliar with Youngor, one of the most famous garment brands in China. When it was founded in 1979, the Youngor Group, based in Ningbo, Zhejiang Province, was just a private factory with a few hundred workers. Now it has grown into a leading company in China's garment industry, with more than 20,000 employees and net assets of over 5 billion yuan. It ranks 144th among China's top 500 enterprises. Zhong Leiming, Chief Supervisor of the group, and Yu Cheng, Manager of the Publicity Department, discussed the company's operating strategy in a recent interview with Beijing Review.

Caught Up in the Eurozone Crisis？ The Case of Australia and China

As the Eurozone celebrated its decade of existence in 2011, few could have predicted that the ever-deepening financial crisis would emerge. The fear with the Eurozone crisis is that with major bail outs projected and government austerity expects to affect the economy in negative terms, the economies in the Portugal, Italy, Ireland, Greece, and Spain （PIIGS） states will decline and consumption will decrease. Being the largest trading partner of European Union （EU）, China＇s export is therefore anticipated to decline. In lesser ways, the Australian economy was also expected to feel some economic pain. The aim of this paper is to ascertain what level of economic impact the Eurozone crisis would have on both China and Australia, given that few nations in the world can aspire to remain unaffected.

Analysis of the Changes in the Growth of Japan’s Direct Investment in and Trade with China

Japan was China＇s major trading partner in terms of China＇s total imports and exports until 2004 when dramatic changes took place. Its trading status with China dropped to the third place following the European Union （EU）, which dashed into the lead to become China＇ s most important trading partner, and the United States. This has aroused the concern from trade circles and scholars of both China and Japan. Digging into the causes and analyzing the future development trends have thus become a subject of common interest among the trade circles and scholars of China and Japan. This study is now a necessary cognitive prerequisite for studying how to further the economic and trade cooperation and expand investment and trade relations between the two countries. This paper indicates there is the potential for Japan to restore its leading position as the biggest trading partner of China. With the rise in the prices of production factors in China＇s coastal areas, Japanese enterprises are sure to follow the objective law governing economic development and increase their investment in the middle and western parts of China. If Japanese enterprises are aware of such changes and thereby reposition its investment in China by establishing new export processing bases, it is possible for Japan to return to its former position as the biggest trading partner of China.

Profit Guided or Statistical Error Guided? A Study of Stock Index Forecasting Using Support Vector Regression

Stock index forecasting has been one of the most widely investigated topics in the field of financial forecasting. Related studies typically advocate for tuning the parameters of forecasting models by minimizing learning errors measured using statistical metrics such as the mean squared error or mean absolute percentage error. The authors argue that statistical metrics used to guide parameter tuning of forecasting models may not be meaningful, given the fact that the ultimate goal of forecasting is to facilitate investment decisions with expected profits in the future. The authors therefore introduce the Sharpe ratio into the process of model building and take it as the profit metric to guide parameter tuning rather than using the commonly adopted statistical metrics. The authors consider three widely used trading strategies, which include a na¨?ve strategy, a filter strategy and a dual moving average strategy, as investment scenarios. To verify the effectiveness of the proposed profit guided approach, the authors carry out simulation experiments using three global mainstream stock market indices. The results show that profit guided forecasting models are competitive, and in many cases produce significantly better performances than statistical error guided models. This implies thatprofit guided stock index forecasting is a worthwhile alternative over traditional stock index forecasting practices.

An Evaluation of the Regional Comprehensive Economic Partnership Agreement:Market Access and Trading Rules

The Regional Comprehensive Economic Partnership(RCEP)agreement was signed on November15,2020.This marks the formal conclusion of the world's largest free tradeagreement in terms of population and economic scale.The RCEPagreement covers new liberalization commitments in goods,services,investment,and movement of natural persons,and addresses some emerging behind-the-border trade issues,to forge more transparent,open,and inclusive trade rules.Its aim is to build a comprehensive,modern,inclusive,and high-quality free trade agreement.This paper summarizes the framework and highlights of the RCEP agreement,measures the extent of tariff reduction from various perspectives,makes a quantitative assessment of the level of service trade liberalization of the member states adopting positive list commitments,and makes an in-depth analysis of trade rules and provisions in the RCEP agreement.Furthermore,this paper also makes a comprehensive comparison of main provisions among the Comprehensive and Progressive Agreement for Trans-Pacific Partnership,RCEP,and US-Mexico-Canada Agreement.The paper concludes with policy recommendations for Chinatopromote the implementationof the RCEPagreement.

China’s New Silk Road Strategy and the Turkish Middle Corridor Vision

Turkey is one of the main regional powers in the Middle East,a member of OECD and NATO,a quasi-member of the European Union(EU),and an Islamic Turkic-speaking country with a close relationship with Central Asia.The article’s main argument is that China’s strategic partnership framework with Turkey is based on shared or mutual complementary economic and commercial interests,especially the integration of Turkey’s Middle Corridor vision into the Belt and Road Initiative(BRI).However,the synergy between the two grand schemes largely depends on the quality of the bilateral relationship and the development of the Sino-Turkish relations to a comprehensive strategic partnership.As one of the leading powers in the Middle East,Ankara also has a vital part to play in China’s BRI which aims to build links between East Asia,Central Asia,West Asia,Africa,and Europe both overland and by sea.