LONG Yongtu, Vice Minister for Foreign Trade and Ecomonic Cooperation, China Negotiation Representative, said not long ago that China has made two main commitments for its WTO accession. One is to practice in conformi...LONG Yongtu, Vice Minister for Foreign Trade and Ecomonic Cooperation, China Negotiation Representative, said not long ago that China has made two main commitments for its WTO accession. One is to practice in conformity with intermational rules, and the other is to further open its market, which can be briefed as eight words.展开更多
The Qingdao Qianshao Precision Machinery Company, an advanced new hi-tech enterprise for implementing the national torch plan, has continually increased its export products in recent years through the energetic openin...The Qingdao Qianshao Precision Machinery Company, an advanced new hi-tech enterprise for implementing the national torch plan, has continually increased its export products in recent years through the energetic opening up of its international market, making its export value more than half its annual sales amount.展开更多
November 28, 2014--Reeently, MIIT issued the ＂Opinions On Open Access To Broadband Market （Draft）＂, which regulates that private enterprises should be enc：ouraged to participate in the construction and operation ...November 28, 2014--Reeently, MIIT issued the ＂Opinions On Open Access To Broadband Market （Draft）＂, which regulates that private enterprises should be enc：ouraged to participate in the construction and operation of broadband access network infrastructure; encourage the private enterprises to participate in the relevant investment and carry out cooperation with infrastructure companies anti provide broadband resale services etc. The mainthree telecom operators shall not sign exclusive agreements with private enterprises and dynamic adjustment mechanism of prices should be estahlished.展开更多
Based on extensive micro data sets, this paper examines the relationship among large-scale entry and exit, competition and total factor productivity （TFP） growth of China＇s industry during economic transition and m...Based on extensive micro data sets, this paper examines the relationship among large-scale entry and exit, competition and total factor productivity （TFP） growth of China＇s industry during economic transition and market opening. We have arrived at these findings： market opening spurs entry and exit of large numbers of non-state-owned enterprises （non-SOEs） and facilitates dynamic competition; through the stimulation effect of competition, entry and exit push TFP growth on the part of enterprises; through the resource reallocation effect, entry and exit promote growth of the aggregate TFP. However, results indicate that the resource allocation efficiency remains very low in capital-intensive industries where the government intervenes a lot. To conclude, promoting open competition is significant to the growth of industrial sectors ＇productivity.展开更多
Shanghai, the first city to open its insurance market, now has 10 foreign-funded insurance companies in operation whose premium income accounts for l/10 of the total premium income in the city. The Chinafunded and for...Shanghai, the first city to open its insurance market, now has 10 foreign-funded insurance companies in operation whose premium income accounts for l/10 of the total premium income in the city. The Chinafunded and foreign-funded insurance companies are competing fiercely and both have achieved development through the competition.展开更多
In today's markets,the world's leading computer manufacturers rely more and more on original equipment manufacturers(OEM),in hopes of re-ducing costs by assembling OEM com-ponents into complete machines.
21st Oct, the first phase of Sijiqing Clothing Business Center in Jiubao was opened, so another bigger Sijiqing turns up in Hangzhou besides the one in Hanghai Road.
This paper compares different methods used for stock repurchase and examines the role of signaling in the U.S. and China＇s capital markets. We find that the ways to buyback stocks are very different in the two countr...This paper compares different methods used for stock repurchase and examines the role of signaling in the U.S. and China＇s capital markets. We find that the ways to buyback stocks are very different in the two countries. Most U.S. stocks are repurchased through open market and the signals sent to the market through open market repurchase are getting weaker. Even though stock repurchases are at their early stage in the Chinese stock market and the dominated way to buyback is through a negotiated repurchase agreement for non-floating shares, the power of signaling seems much stronger. Examining stock prices pre- and post-repurchase, we find that stock repurchase records an average abnormal return of 3.42% on the announcement date and 3.24% on the date of actual renurchase.展开更多
文摘LONG Yongtu, Vice Minister for Foreign Trade and Ecomonic Cooperation, China Negotiation Representative, said not long ago that China has made two main commitments for its WTO accession. One is to practice in conformity with intermational rules, and the other is to further open its market, which can be briefed as eight words.
文摘The Qingdao Qianshao Precision Machinery Company, an advanced new hi-tech enterprise for implementing the national torch plan, has continually increased its export products in recent years through the energetic opening up of its international market, making its export value more than half its annual sales amount.
文摘November 28, 2014--Reeently, MIIT issued the ＂Opinions On Open Access To Broadband Market （Draft）＂, which regulates that private enterprises should be enc：ouraged to participate in the construction and operation of broadband access network infrastructure; encourage the private enterprises to participate in the relevant investment and carry out cooperation with infrastructure companies anti provide broadband resale services etc. The mainthree telecom operators shall not sign exclusive agreements with private enterprises and dynamic adjustment mechanism of prices should be estahlished.
文摘Based on extensive micro data sets, this paper examines the relationship among large-scale entry and exit, competition and total factor productivity （TFP） growth of China＇s industry during economic transition and market opening. We have arrived at these findings： market opening spurs entry and exit of large numbers of non-state-owned enterprises （non-SOEs） and facilitates dynamic competition; through the stimulation effect of competition, entry and exit push TFP growth on the part of enterprises; through the resource reallocation effect, entry and exit promote growth of the aggregate TFP. However, results indicate that the resource allocation efficiency remains very low in capital-intensive industries where the government intervenes a lot. To conclude, promoting open competition is significant to the growth of industrial sectors ＇productivity.
文摘Shanghai, the first city to open its insurance market, now has 10 foreign-funded insurance companies in operation whose premium income accounts for l/10 of the total premium income in the city. The Chinafunded and foreign-funded insurance companies are competing fiercely and both have achieved development through the competition.
文摘In today's markets,the world's leading computer manufacturers rely more and more on original equipment manufacturers(OEM),in hopes of re-ducing costs by assembling OEM com-ponents into complete machines.
文摘21st Oct, the first phase of Sijiqing Clothing Business Center in Jiubao was opened, so another bigger Sijiqing turns up in Hangzhou besides the one in Hanghai Road.
文摘This paper compares different methods used for stock repurchase and examines the role of signaling in the U.S. and China＇s capital markets. We find that the ways to buyback stocks are very different in the two countries. Most U.S. stocks are repurchased through open market and the signals sent to the market through open market repurchase are getting weaker. Even though stock repurchases are at their early stage in the Chinese stock market and the dominated way to buyback is through a negotiated repurchase agreement for non-floating shares, the power of signaling seems much stronger. Examining stock prices pre- and post-repurchase, we find that stock repurchase records an average abnormal return of 3.42% on the announcement date and 3.24% on the date of actual renurchase.
