Greater China's IPO Embraces Another Breakthrough Driven by Significant“New Policies”

Greater China once again led the global market for initial public offerings(IPOs)with 372 IPOs raising US$60.3 billion,amid the global market experienced divergent performance across regions in a higher volatility environment and a greater range of financing options now available,according to EY’s Global IPO Market Study Report:2015 review and 2016 outlook.Despite a rollercoaster ride in 2015,the Mainland A-share market is expected to have a rewarding year ahead following

International Comparison and Enlightenment of the Industrial Policies for the New Energy Vehicles

For a long time, the new energy automobile market has been maintained locally and cannot fonn a mechanism of the market competition. Since this year, the State Council has repeatedly broken this abuse, and the abolition of the local catalogue of the new energy vehicles is the right remedy. In the implementation of the new energy vehicles, it is very important to advance the basic equipment. Compared with the purchase tax preferences, consumers need to improve the basic equipment such as the charging piles and improve the basic access environment. At present, the actual situation of the production and marketing of the new energy automobile industry in our country is that it develops fast but is not perfect, and its output and sales are large but its quality is not good. Behind the initial scale, it is the reality that the overall technical level is not high. We still haven't mastered many core technologies such as batteries, motors, and the electronic control and so on.

NEW POLICIES FOR PUDONG DEVELOPMENT

As a major area of China for reform andopening and economic developmentin the 90s and the next century,Pudongis in a period for beefing up its development.The next stage of its development will requirenational support and involvement.For thispurpose,the central government is offeringmore preferential policies on the basis ofcontinuing the former preferential policiesfor Pudong,thus accelerating its developmentduring the Ninth Five-Year Plan period.

NEW POLICIES PROMOTE TECHNOLOGY TRANSFER

The Chinese government issued a regulation on promoting the transformation of R&D results recently. The new policies, which were jointly formulated by seven governmental departments, are aimed at further encouraging China’s scientists to commercialize their R&D results, set up new hi-tech business and speed up the process of China’s hi-tech industrialization.

Local Responses to Macro Development Policies and Their Effects on Rural System in China's Mountainous Regions:The Case of Shuanghe Village in Sichuan Province

China has promulgated a series of policies including the Western Development Program, the Grain for Green Project, agricultural support policies and building a new countryside strategy to eliminate east-west differences and urban-rural disparities since the late 1990s. This paper gives a holistic examination on local responses to the four typical macro socio-economic development policies and their effects on rural system based on a case study of a mountainous village in southern Sichuan Province. The results showed that the policies have not moved the case study village from its historically marginal status. To some extent, its socio-economic situation might have been worsened by accelerated out- migration of the youth, loss of agricultural land due to afforestation and industrial plants, increased fire hazard due to afforestation and reforestation, increased environmental pollution due to industrial enterprises attracted to the village and a steep decline in agricultural production due to loss of and inefficient use of cultivated land. Factors causing local villages' dilemmas include the nonuniformity of actors' objectives, finiteness of villagers' abilities, and the imperfect incentive and restraint mechanism for local government's activities under existing policy framework composed of uncoordinated one-size-fits- all policies. We suggest that China's rural policy in the new period should gradually shift from a sectoral to a place-based one, from top-down incentives to the development of bottom-up projects, and fully recognize the diversity of rural space, so as to lift localcapacities and make good use of the knowledge shared by different actors. Moreover, it is also necessary to integrate the various sectoral policies, and improve the interministerial and interdepartmental coordination of rural policies at regional and local levels.

Systematic Analysis and Innovation for Development Policies of Beijing Seed Industry at Transformation Stage

At transformation stage,seed Industry is not only a fundamental and strategic industry during the construction of World City,but also part of urban and modern agriculture in Beijing. Based on the analysis of the theory of industrial economics and system theory,the article constructs the seed industry policy analysis model,systematically analyzes the support points of national level and the city of Beijing seed industry policy,and studies policy input,mechanism,output and effects by way of systematic analysis,as well as proposes polices and suggestions on promotion of development for Beijing seed industry and on construction of new seed industry from talent incentive,platform construction,seed trading and enterprise cultivation.

New Industrialization: Characteristics, System Development and Implementation Pathway

New industrialization in China, different from its past economic development pattern or patterns in developed nations, is the country’s theoretical innovation based on the positive and negative experiences of industrialization at home and worldwide. New industrialization has various novel characteristics, including new sources of efficiency, new factors of production, new organizational forms, and new constraints. In addition, it has certain particularities arising from modernization with Chinese characteristics. This article summarizes the characteristics of new industrialization from the perspectives of people-centered approach, quality-first concept, independent innovation, green low-carbon economics, digital-real integration, and open circulation. There are four systems for promoting new industrialization: A self-sustained scientific and technological system, a high-end advanced manufacturing system, a green low-carbon circular system, and a division of labor system with domestic and international circulation. The Chinese new industrialization proposes the pathway and policy measures considering the new global situation and the requirements of new goals of strengthening organization and leadership, reducing factor cost, accelerating independent technological innovation, smoothing domestic and international circulation, and optimizing competition environment.

Nationalist Trends in the Transformation of New Zealand’s Maori Language Policy

Language is an important carrier of human culture and a specific method for communication between humans.It is one of the most important symbols of human identity and flags of dividing group identity.At present,in the modern national state,the government is paying more attention to language policy and being more and more prudent to it.In the process of making and implementing language policy,the government must take into account a range of factors such as the country’s national history,politics,culture,economy,and relations between different social groups.From the mid-nineteenth century,when New Zealand became a British colony,until the mid-twentieth century,the Maori people were inspired to defend their rights and respect for themselves by the rise of Maori nationalist ideology and Maori political radicalism in a struggle that lasted more than 100 years.Until 1994,there were more than 800 kohanga reo,early childhood institutions that established Maori language instruction independent of the school system,and the nationalism drives to revitalize the Maori national language was at its peak.The process of revolution on Maori language policies in New Zealand reflects a trend of nationalist thoughts from Maori becoming more deep.Exploring the process of change in New Zealand’s Maori language policy will help to develop the study of the social history of indigenous peoples during the colonial period and will contribute to the study of the development of colonized countries and regions in the post-colonial period.The change in New Zealand’s Maori language policy has provided an important example of the preservation and revitalization of the indigenous languages of the world’s former colonies,which is of great significance for the preservation of linguistic and cultural diversity.

Modeling the Diffusion of New Energy Vehicles in China Considering Subsidy Policies

The new energy vehicle(NEV)subsidy policy introduced in China in 2013 has significantly boosted the adoption and sales of NEVs,with sales increasing more than 40-fold.However,the mechanisms by which subsidy policies influence the diffusion of NEVs in China remain unclear,posing challenges for governments to design future strategies.Thus,the primary objective of this paper is to empirically examine the impact of subsidy policy on the diffusion of new energy vehicles and to forecast future development trends using the grey Bass model,a predictive model suited for new product adoption forecasting.Our findings suggest that while the sales of NEVs in China will continue to rise,the growth rate will slow.Key milestones include the first inflection points for new energy vehicles and battery electric vehicles,anticipated in 2025 and 2024 respectively,with peak sales expected in 2028 and 2027.These insights are crucial for manufacturers,enabling them to adjust their production strategies timely and enhance their resilience in the market.

Government subsidies, dual-credit policy, and enterprise performance: Empirical evidence from Chinese listed new energy vehicle companies

The development of the new energy vehicle industry has become a key force driving the goals of carbon peak and carbon neutralization.To better guide future strategies,this study investigates the dual impact of subsidy and dual-integral policies on the performance of new energy vehicle enterprises.This study first theorizes the influential mechanism according to the institutional-based approach and technical innovation theory,and then collects data from listed companies in the new energy vehicle industry from 2016 to 2020.The hypotheses are examined using a two-way fixed-effects model.The findings show that:(1)subsidy policies are can still improve enterprise performance,but not through green technology innovation;(2)the dual-credit policy can improve enterprise performance through green technology innovation;and(3)under current policy conditions,with subsidies declining annually,the interaction effects between the subsidy and dual-integral policies will also decrease.Thus,this study suggests that non-monetary industrial policy,represented by the dual credit policy is a more effective alternative to government subsidies.

Policy options to promote Chinese new energy vehicles consumption

Inspired by the green revolution,new energy vehicles(NEVs)provide a fresh,alternative mode of transportation for Chinese consumers mat reduce their reliance on traditional,gasoline/diesel-based cars.However,despite strong government support for NEVs in China,the level of uptake by consumers remains slow.Using Shanghai as a case study,this article provides a much-needed insight into local consumers'motivations to invest in NEVs through a survey of 100 Shanghai residents.Results indicate that current NEV promotion policies do not have a significant impact on the cognitive trade-off of NEV consumption under the"Integrated Consumer Behavior Model,"mainly due to inconvenient charging facilities,technical concerns regarding battery,higher prices,and wait-and-see attitudes regarding the pilot policy environment.Drawing on experiences from Sweden and New Zealand,this research serves to enhance knowledge on consumer attitudes towards NEVs and assist policy makers in developing more effective green consumption promotion campaigns in the future.

The Supply-Side Structural Reforms——Adapting to and Leading China's New Normal

The Central Economic Working Conference proposed supplyside structural reforms which can be regarded as major innovations and necessary measures that adapt to and lead the new normal of economic development. The 13^(th) Five Year Plan is a critical period for the transformation of economic development patterns and economic restructuring, so clarifying the theoretical values and practical significances of the supply-side structural reforms, making a clear explanation of the scientific connotations and policy implications of these reforms from a scientific standpoint, and discussing concrete measures to promote the reforms against the background of the economic new normal not only has academic values but also has important practical implications. Viewed from the practical standpoint of China' s new normal and through analyzing the basic national conditions, this article proposes a roadmap for implementing the proposed reforms and points out that only by doing well in the hybrid operation of "addition, subtraction, multiplication and division", based on the framework of the "five policy pillars", an innovative path of the supply-side structural reforms with Chinese characteristics can be paved.

Reform and Reconstruction of the Rural Elderly Care Service System in the New Era

With decades of hard work,socialism with Chinese characteristics has crossed the threshold into a new era.The transformation of the principal contradiction in the new era has imposed new and higher requirements on the rural elderly care service system.However,the current service system based on welfare-multiplex and urban community environment is often difficult to operate in the rural areas of central and western China.And the urban home care service for the aged is inappropriate to the rural reality;community service for the aged faces difficulties in practice;institution care for the aged develops slowly;the synergy among different elderly care service models is poor.Through observing the rural areas of central and western China in the field for a long time,this paper proposes to build the rural elderly care service system based on family supporting,supported by community mutual assistance care,supplemented by institution care for the aged,combined with medical care,and localized with diversified forms for targeted groups according to different realities.And the system should follow the fundamental guidance of development-oriented family policy,adhere to the governance mode of multiple subjects with one core and respect rural reality,which could provide a feasible way for the reform and reconstruction of the rural elderly care service system.

The Role Played by Agricultural Policy-based Finance in New Village Construction

The necessity of the agricultural policy-based finance in terms of supporting the new village construction is analyzed: in the first place, the theoretical roots of agricultural policy-based finance supporting new village construction are "market failure" and "government intervention"; in the second place, the continual decline of agriculture and the "rural financial market failure" in recent years have become the objective evidence and historical mission for agricultural policy-based finance to support new village construction; in the third place, the combination of agricultural policy-based finance and new village construction is conducive to solving the "three agriculture" problems and facilitating the reform of new village construction. The feasibility of the support is analyzed: firstly, agricultural policy-based finance boasts the status and position of the "primary drive" in new village construction; secondly, the nation continuously deepens the reform of rural financial system and policy-based banks and strengthens the functions of Agricultural Development Bank, which provides policies for agricultural policy-based finance to support new village construction; thirdly, the 14 years' reform and development of Agricultural Development Bank and the eleventh five year plan lay sound practical basis for the support of agricultural policy-based finance to new village construction. Based on the necessity and feasibility, the following six aspects are analyzed to fully display the function of the "first engine" of agricultural policy-related finance to new village construction. Firstly, strengthening the credit and loan aid to grain and cotton and some other agricultural products in the circulation domain; secondly, strengthening the credit and loan aid to agricultural industrialization in processing field; thirdly, intensifying the credit and loan aid to agricultural comprehensive development, rural infrastructure construction, application and promotion of agricultural technology, agricultural production means and agricultural ecological construction; fourthly, intensifying the credit and loan aid to rural special group and regional development; fifthly, intensifying the credit and loan aid to agriculture and rural emergency response system and social security system; sixthly, strengthening the credit and loan aid to agriculture and the intermediary construction of rural financial services.

China's Foreign Policy under New Circumstances (Ⅱ)

The Iraq war and the North Korean nuclear crisis are the two big events that are attracting worldwide attention. The many debates and changes that have arisen around the globe from these two issues, with the former in particular, cannot but cause

The New Normal of China's Macroeconomic Policy

This paper summarizes the theoretical background and realistic considerations for the emergence of the new normal of macro policy. The characteristics of the new normal of macro policy are as follows: 1) a supply-side approach in response to growth slowdown; 2) understanding economic heterogeneity and growth disequilibrium and paying attention to structural regulation; 3) highlighting strategic planning and broadening the horizon of macro policy; 4) re-establishing a benchmark of macro policy and re-initiating local competition; 5) balancing the interests of various stakeholders and understanding the political economy of macro policy; 6) respecting the spillover effects of major countries and implementing responsible macro policies; 7) respecting "market determinism" and recognizing the limitations of macro policy; and 8) propelling institutional developments and creating a basic framework of macro policy. This paper concludes that the new normal of macro policy is not simply a passive adjustment to the new normal of economy but represents an initiative of proactive response that steers the economy towards a more advanced form. In particular, the following issues should be clarified in current macro policy: some of the characteristics will be corrected or phased out, some that coincide with the new normal will be abreast with the times, and some require that a new trail be explored through innovation of macro policy. These components will constitute the basic framework for China's macro policy to transition towards the new normal.

Natural Gas Utilization and Policy Incentives under the Economic “New Normal”

Since the Chinese economy entered the“new normal”stage,natural gas consumption in China has been sluggish and supply and demand have been relaxed.At the same time,environmental protection policies are intensified and the marketization process is accelerated.Many factors have intertwined with each other and affected China’s natural gas consumption.Judging from China’s economic growth,structural adjustment of and energy consumption,and the scale and structure of global natural gas utilization,we believe that there is still significant rise of natural gas consumption in China.However,there are still many problems that hinders the utilization of natural gas,which may be solved by policies and market-oriented reforms.Taking natural gas-based distributed energy as an example,this paper analyzes the change and influence of relevant policies,and puts forward proposed incentive policies to promote the utilization of natural gas in China under the economic“new normal”.

Major Features of the New Situation and China's Foreign Policy

Speaking of "China’s foreign policy under new circumstances," there are five features of the new circumstances in my opinion. All these five features will not fundamentally change in accordance with major events such as the Iraq war, and to a certain extent, determine that China’s basic foreign policy need not and will not make major adjustments.

New Aspects in Foreign Investment Policy

In the wake of the further expansion of China’s opening to the outside world in recent years, quite a few aspects have been supplemented to the policies of absorbing direct foreign investments.

The Influence of Uzbekistan's New Economic Policy on China-Uzbekistan Cooperation

In December 2016,with the change of President Uzbekistan,its policies and systems have undergone tremendous changes.This article will focus on the specific content of FDI system,tax policy and exchange rate policy in Uzbekistan's economic reform.Taking the“Ohangaron Green City”project and the trade volume between Xinjiang and Central Asia as an example,this paper analyzes its positive impact on China-Uzbekistan cooperation and China-Uzbekistan in terms of prospects.