On the eve of the grand celebrations marking the 45th anniversary for the founding of new China, the People’s Construction Bank of China, one of our country’s four pillars of the banking industry, welcomed its 40th ...On the eve of the grand celebrations marking the 45th anniversary for the founding of new China, the People’s Construction Bank of China, one of our country’s four pillars of the banking industry, welcomed its 40th birthday. The Government Administration Council decided on September 9, 1954, to establish the People’s Construction Bank of China to handle mainly appropriations for capital construction and floating capital loans for construction enterprises toexercise financial supervision of the rational use展开更多
The People’s Bank of China promulgated andput in force days ago Regulation on Foreign Ex-change Accounts in China, according to which for-eign individuals or legal persons can open foreignexchange accounts to keep fo...The People’s Bank of China promulgated andput in force days ago Regulation on Foreign Ex-change Accounts in China, according to which for-eign individuals or legal persons can open foreignexchange accounts to keep foreign exchange fortrading B stock in China.As stipulated by the regulation, as to foreigncurrency stock accounts opened bydomestic insti-tutions with the income from issuing stocks, theirreceipt shall be income from issuing stocks anddisbursement shall be used for the purposes pro-vided for in the prospectus approved by securitiessupervising organs; as to foreign exchange ac-counts opened by foreign individuals or legal per-sons for trading B stocks in China.their receipt shallbe the income of trading stocks and foreign ex-change remitted or brought in from abroad, andtheir disbursement shall be used for buying andselling stocks.As provided in the regulation, for the purposeof opening B stock account to trade B stocks展开更多
In the present paper, we model the policy stance of the People＇s Bank of China （PBC） as a latent variable, and the discrete changes in the reserve requirement ratio, policy interest rates, and the scale of open mar...In the present paper, we model the policy stance of the People＇s Bank of China （PBC） as a latent variable, and the discrete changes in the reserve requirement ratio, policy interest rates, and the scale of open market operations are taken as signals of movement of this latent variable. We run a discrete choice regression that relates these observed indicators of policy stance to major trends of macroeconomic and financial developments, which are represented by common factors extracted from a large number of variables. The predicted value of the estimated model can then be interpreted as the implicit policy stance of the PBC. In a second step, we estimate how much of the variation in the PBC＇ s implicit stance can be explained by measures of its policy objectives on inflation, growth and financial stability. We find that deviations of CPI inflation from an implicit target and deviations of broad money growth from the announced targets, but not output gaps, figure significantly in the PBC＇s policy changes.展开更多
This issue u’e uould like to inlroduce our readers to the Criminal Lau’ of the People’s Republic of China. The law was adopted at the Second Session of the Fifth National People’s Congress on July 1, 1979, promulg...This issue u’e uould like to inlroduce our readers to the Criminal Lau’ of the People’s Republic of China. The law was adopted at the Second Session of the Fifth National People’s Congress on July 1, 1979, promulgated by Order No.5 of the Chairman of the Standing Committee of the National People’s Congress on July’ 6, 1979 and effectire as of January 1, 1980.The Criminal Lau’ consists of tu’o parts. The first has 5 chapters and 89 articles and the second has 8 chapters and 192 articles. We hare only extracted a feu’ articles concerning u’omen and children and some general prorisions.展开更多
China’s central bank has unveiled its market-oriented proposals on interest rate policies. The People’s Bank of China said that China’s interest rate market reform would give priority to foreign currencies, rather ...China’s central bank has unveiled its market-oriented proposals on interest rate policies. The People’s Bank of China said that China’s interest rate market reform would give priority to foreign currencies, rather than the Chinese currency. That means the day when the fluctuation of interest rates of foreign currencies will be liberalized would come before the floating of the Renmenbi rate.展开更多
In this issue we will introduce readers to the General Principles of the Civil Lave of the People's Republic of China, which was adopted at the Fourth Session of the Sixth National People's Congress, promulgat...In this issue we will introduce readers to the General Principles of the Civil Lave of the People's Republic of China, which was adopted at the Fourth Session of the Sixth National People's Congress, promulgated by order No.37 of the President of the People's Republic of China on April 12, 1986, and effective as of January 1, 1987.This law was formulated according to the constitution and the actual situation in our country, drawing upon our practical experience in civil actirities,for the purpose of protecting the lawful civil rights and interests of citizens and legal persons and correctly adjusting civil relations,so as to meet the needs of the developing socialist modernizationThe Civil Law of the People's Republie of China has 156 articles and 9 chapters. The chapters are:1) Basic Principles;2) Citizen (Natural Person); 3) Legal Persons; 4) Civil Law and Agencies; 5)Civil Rights; 6) Civil Liability; 7) Limitations of Action; 8) Application of Law in Civil Relations with Foreigners; and 9) Supplementary Provisions.All the articles apply to women. We have only extracted some of them which are concerning the protection of rights and interests of women and children.展开更多
Chapter X Labor Disputes Article 77 According to law,labor disputes arising be-tween employers and employees may be resolved by meansof mediation.arbitration,litigation and also settlement throughconsultation. The pri...Chapter X Labor Disputes Article 77 According to law,labor disputes arising be-tween employers and employees may be resolved by meansof mediation.arbitration,litigation and also settlement throughconsultation. The principle of mediation shall be applied to arbitrationand litigation procedure. Article 78 In settling labor disputes the principles oflegitimacy,fairness and timeliness shall be followed in展开更多
Chapter III Employment Contracts and Collective Agreements Article 21 Labor contracts can stipulate a probationtionary periodwhich shall be not longer than six months. Article 22 The parties to a labor contract can st...Chapter III Employment Contracts and Collective Agreements Article 21 Labor contracts can stipulate a probationtionary periodwhich shall be not longer than six months. Article 22 The parties to a labor contract can stipulate in thecontract such matters as keeping commercial secrets. Article 23 Labor contracts shall be terminated on the展开更多
Chapter Ⅵ Occupational Safety and Health Article 52 Employers shall establish and perfect the laborsafety and health care systems, strictly implement the laborsafety and health care health regulations and standards ...Chapter Ⅵ Occupational Safety and Health Article 52 Employers shall establish and perfect the laborsafety and health care systems, strictly implement the laborsafety and health care health regulations and standards ofthe State, carry out labor safety and health care educationamong their employees and do their best to prevent accidentsat work and reduce workplace hazards.展开更多
Law of the People’s Republic of China on the Protection of Minors is China’s first overall law aimed at guaranteeing minors’ rights and interests. We will introduce this law to our readers in this issue.
ContentsChapter Ⅰ General ProvisionsChapter Ⅱ Political RightsChaptet Ⅲ Rights and Interests Relating to Culture and EducationChapter Ⅳ Rights and Interests Relating to WorkChapter Ⅴ Rights and Interests Relating...ContentsChapter Ⅰ General ProvisionsChapter Ⅱ Political RightsChaptet Ⅲ Rights and Interests Relating to Culture and EducationChapter Ⅳ Rights and Interests Relating to WorkChapter Ⅴ Rights and Interests Relating to PropertyChapter Ⅵ Rights Relating to the PersonChapter Ⅶ Rights and Interests Relating to Marriage and FamilyChapter Ⅷ Legal ResponsibilityChaptet Ⅸ Supplementary展开更多
Chapter Ⅴ Judicial Protection Article 38 In respect of delinquent minors,the policy ofeducation,persuasion and redemption shall be implementedand the principle of taking education as the main method andpunishment as ...Chapter Ⅴ Judicial Protection Article 38 In respect of delinquent minors,the policy ofeducation,persuasion and redemption shall be implementedand the principle of taking education as the main method andpunishment as the subsidiary shall be upheld.展开更多
The Marriage Law of the People’s Republic of China was adopted at the Third Session of the Fifth National People’s Congress and promulgated by Order No. 9 of the Chairman of the Standing Committee of the Nation-
THE Law of the People’s Republic of China on Teachers (to be referred to as the Law on Teachers for short), was discussed and adopted at the Fourth Session of the Eighth National People’s Congress Standing Committee...THE Law of the People’s Republic of China on Teachers (to be referred to as the Law on Teachers for short), was discussed and adopted at the Fourth Session of the Eighth National People’s Congress Standing Committee October 31, 1993, and put into effect January 1, 1994. The Law on Teachers’ formulation and promulgation shows the Party and the government’s concern and care for teachers. It is the embodiment of maintaining the strategic role of developing education as a priority, respecting teachers and attaching importance to education. It is the展开更多
Grain prices often dominate all other product prices,and an increase in their price is usually considered as a prelude to inflation.The three fairly serious inflations,in 1985,1988-1989,and 1993-1995 respectively,were...Grain prices often dominate all other product prices,and an increase in their price is usually considered as a prelude to inflation.The three fairly serious inflations,in 1985,1988-1989,and 1993-1995 respectively,were all preceded by grain price hikes.Furthermore,the money supply surged in the preceding year or during the same year in which these inflations occurred.This year has witnessed the same symptoms. High grain prices,which still have a possibility to go up further,have attracted wide attention across the world,including in China.As early as the end of last year,the State Council issued a circular that mandated the stabilization of grain prices in order to strictly crack down on illegal actions such as dishonest merchants driving up grain prices.One time,five State-level Departments led by National Development and Reform Commission,released an urgent announcement in order to safeguard the stability of grain prices in the domestic market.Wu Xiaoling,Vice Governor of the People's Bank of China,said that the negative influences exerted on other product prices by the rise in global grain price should not be ignored.According to Wu,the People's Bank of China will continue to closely watch the price changes. From a global and comprehensive viewpoint,the article analyzes the features of the recent grain price hike and the reasons for its dramatic rise,as well as,the impact it will have on the global economy.展开更多
In order to implement the Environmental Protection Law of the People’s Republic of China and improve the quality of the environment,to implement the Notice of the General Office of the State Council on Issuing the Im...In order to implement the Environmental Protection Law of the People’s Republic of China and improve the quality of the environment,to implement the Notice of the General Office of the State Council on Issuing the Implementation Plan for the Control of Pollutant Discharge Permit System(the General Office of the State Council issued[2016]No.81),to establish a sound available technology system in pollutant discharge standard basis and to promote the upgrading and reforming of pollution prevention measures and technological progress in enterprises and institutions,on January 5th,2018,the Ministry of Environmental Protection issued the National Environmental Protection Standard Available Technology Guide for Pollution Prevention and Control of the Pulp and Paper Industry(HJ 2302—2018).展开更多
文摘On the eve of the grand celebrations marking the 45th anniversary for the founding of new China, the People’s Construction Bank of China, one of our country’s four pillars of the banking industry, welcomed its 40th birthday. The Government Administration Council decided on September 9, 1954, to establish the People’s Construction Bank of China to handle mainly appropriations for capital construction and floating capital loans for construction enterprises toexercise financial supervision of the rational use
文摘The People’s Bank of China promulgated andput in force days ago Regulation on Foreign Ex-change Accounts in China, according to which for-eign individuals or legal persons can open foreignexchange accounts to keep foreign exchange fortrading B stock in China.As stipulated by the regulation, as to foreigncurrency stock accounts opened bydomestic insti-tutions with the income from issuing stocks, theirreceipt shall be income from issuing stocks anddisbursement shall be used for the purposes pro-vided for in the prospectus approved by securitiessupervising organs; as to foreign exchange ac-counts opened by foreign individuals or legal per-sons for trading B stocks in China.their receipt shallbe the income of trading stocks and foreign ex-change remitted or brought in from abroad, andtheir disbursement shall be used for buying andselling stocks.As provided in the regulation, for the purposeof opening B stock account to trade B stocks
文摘In the present paper, we model the policy stance of the People＇s Bank of China （PBC） as a latent variable, and the discrete changes in the reserve requirement ratio, policy interest rates, and the scale of open market operations are taken as signals of movement of this latent variable. We run a discrete choice regression that relates these observed indicators of policy stance to major trends of macroeconomic and financial developments, which are represented by common factors extracted from a large number of variables. The predicted value of the estimated model can then be interpreted as the implicit policy stance of the PBC. In a second step, we estimate how much of the variation in the PBC＇ s implicit stance can be explained by measures of its policy objectives on inflation, growth and financial stability. We find that deviations of CPI inflation from an implicit target and deviations of broad money growth from the announced targets, but not output gaps, figure significantly in the PBC＇s policy changes.
文摘This issue u’e uould like to inlroduce our readers to the Criminal Lau’ of the People’s Republic of China. The law was adopted at the Second Session of the Fifth National People’s Congress on July 1, 1979, promulgated by Order No.5 of the Chairman of the Standing Committee of the National People’s Congress on July’ 6, 1979 and effectire as of January 1, 1980.The Criminal Lau’ consists of tu’o parts. The first has 5 chapters and 89 articles and the second has 8 chapters and 192 articles. We hare only extracted a feu’ articles concerning u’omen and children and some general prorisions.
文摘China’s central bank has unveiled its market-oriented proposals on interest rate policies. The People’s Bank of China said that China’s interest rate market reform would give priority to foreign currencies, rather than the Chinese currency. That means the day when the fluctuation of interest rates of foreign currencies will be liberalized would come before the floating of the Renmenbi rate.
文摘In this issue we will introduce readers to the General Principles of the Civil Lave of the People's Republic of China, which was adopted at the Fourth Session of the Sixth National People's Congress, promulgated by order No.37 of the President of the People's Republic of China on April 12, 1986, and effective as of January 1, 1987.This law was formulated according to the constitution and the actual situation in our country, drawing upon our practical experience in civil actirities,for the purpose of protecting the lawful civil rights and interests of citizens and legal persons and correctly adjusting civil relations,so as to meet the needs of the developing socialist modernizationThe Civil Law of the People's Republie of China has 156 articles and 9 chapters. The chapters are:1) Basic Principles;2) Citizen (Natural Person); 3) Legal Persons; 4) Civil Law and Agencies; 5)Civil Rights; 6) Civil Liability; 7) Limitations of Action; 8) Application of Law in Civil Relations with Foreigners; and 9) Supplementary Provisions.All the articles apply to women. We have only extracted some of them which are concerning the protection of rights and interests of women and children.
文摘Chapter X Labor Disputes Article 77 According to law,labor disputes arising be-tween employers and employees may be resolved by meansof mediation.arbitration,litigation and also settlement throughconsultation. The principle of mediation shall be applied to arbitrationand litigation procedure. Article 78 In settling labor disputes the principles oflegitimacy,fairness and timeliness shall be followed in
文摘Chapter III Employment Contracts and Collective Agreements Article 21 Labor contracts can stipulate a probationtionary periodwhich shall be not longer than six months. Article 22 The parties to a labor contract can stipulate in thecontract such matters as keeping commercial secrets. Article 23 Labor contracts shall be terminated on the
文摘Chapter Ⅵ Occupational Safety and Health Article 52 Employers shall establish and perfect the laborsafety and health care systems, strictly implement the laborsafety and health care health regulations and standards ofthe State, carry out labor safety and health care educationamong their employees and do their best to prevent accidentsat work and reduce workplace hazards.
文摘Law of the People’s Republic of China on the Protection of Minors is China’s first overall law aimed at guaranteeing minors’ rights and interests. We will introduce this law to our readers in this issue.
文摘ContentsChapter Ⅰ General ProvisionsChapter Ⅱ Political RightsChaptet Ⅲ Rights and Interests Relating to Culture and EducationChapter Ⅳ Rights and Interests Relating to WorkChapter Ⅴ Rights and Interests Relating to PropertyChapter Ⅵ Rights Relating to the PersonChapter Ⅶ Rights and Interests Relating to Marriage and FamilyChapter Ⅷ Legal ResponsibilityChaptet Ⅸ Supplementary
文摘Chapter Ⅴ Judicial Protection Article 38 In respect of delinquent minors,the policy ofeducation,persuasion and redemption shall be implementedand the principle of taking education as the main method andpunishment as the subsidiary shall be upheld.
文摘The Marriage Law of the People’s Republic of China was adopted at the Third Session of the Fifth National People’s Congress and promulgated by Order No. 9 of the Chairman of the Standing Committee of the Nation-
文摘THE Law of the People’s Republic of China on Teachers (to be referred to as the Law on Teachers for short), was discussed and adopted at the Fourth Session of the Eighth National People’s Congress Standing Committee October 31, 1993, and put into effect January 1, 1994. The Law on Teachers’ formulation and promulgation shows the Party and the government’s concern and care for teachers. It is the embodiment of maintaining the strategic role of developing education as a priority, respecting teachers and attaching importance to education. It is the
文摘Grain prices often dominate all other product prices,and an increase in their price is usually considered as a prelude to inflation.The three fairly serious inflations,in 1985,1988-1989,and 1993-1995 respectively,were all preceded by grain price hikes.Furthermore,the money supply surged in the preceding year or during the same year in which these inflations occurred.This year has witnessed the same symptoms. High grain prices,which still have a possibility to go up further,have attracted wide attention across the world,including in China.As early as the end of last year,the State Council issued a circular that mandated the stabilization of grain prices in order to strictly crack down on illegal actions such as dishonest merchants driving up grain prices.One time,five State-level Departments led by National Development and Reform Commission,released an urgent announcement in order to safeguard the stability of grain prices in the domestic market.Wu Xiaoling,Vice Governor of the People's Bank of China,said that the negative influences exerted on other product prices by the rise in global grain price should not be ignored.According to Wu,the People's Bank of China will continue to closely watch the price changes. From a global and comprehensive viewpoint,the article analyzes the features of the recent grain price hike and the reasons for its dramatic rise,as well as,the impact it will have on the global economy.
文摘In order to implement the Environmental Protection Law of the People’s Republic of China and improve the quality of the environment,to implement the Notice of the General Office of the State Council on Issuing the Implementation Plan for the Control of Pollutant Discharge Permit System(the General Office of the State Council issued[2016]No.81),to establish a sound available technology system in pollutant discharge standard basis and to promote the upgrading and reforming of pollution prevention measures and technological progress in enterprises and institutions,on January 5th,2018,the Ministry of Environmental Protection issued the National Environmental Protection Standard Available Technology Guide for Pollution Prevention and Control of the Pulp and Paper Industry(HJ 2302—2018).
