Impact of the carbon market on investment benefits of power-grid enterprises in China: a system dynamics analysis

The power grid,as the hub connecting the power supply and consumption sides,plays an important role in achieving carbon neutrality in China.In emerging carbon markets,assessing the investment benefits of power-grid enterprises is essential.Thus,studying the impact of the carbon market on the investment and operation of powergrid enterprises is key to ensuring their efficient operation.Notably,few studies have examined the interaction between the carbon and electricity markets using system dynamics models,highlighting a research gap in this area.This study investigates the impact of the carbon market on the investment of power-grid enterprises using a novel evaluation system based on a system dynamics model that considers carbon-emissions from an established carbon-emission accounting model.First,an index system for benefit evaluation was constructed from six aspects:financing ability,economic benefit,reliability,social responsibility,user satisfaction,and carbon-emissions.A system dynamics model was then developed to reflect the causal feedback relationship between the impact of the carbon market on the investment and operation of power-grid enterprises.The simulation results of a provincial power-grid enterprise analyze comprehensive investment evaluation benefits over a 10-year period and the impact of carbon emissions on the investment and operation of power-grid enterprises.This study provides guidelines for the benign development of power-grid enterprises within the context of the carbon market.

How R&D investment promotes green technology innovation in the context of digitalization?-An empirical analysis based on provincial panel data

Green technology innovation is an important driving force and source to promote my country’s high-quality development,and it is the core path to achieve sustainable development.This paper uses my country’s provincial panel data from 2016 to 2019 to study the impact mechanism of R&D investment on green technology innovation,and introduces the level of digitization,using the panel threshold model to discuss its role in the impact mechanism of R&D investment on green technology innovation.The study found that when the level of digitalization in a region is low,increasing R&D investment does not necessarily improve the ability of green technology innovation;when the level of digitalization is relatively high,R&D investment has a positive role in promoting green technology innovation.Therefore,it is necessary to improve policies to encourage enterprises to increase investment in research and development;at the same time,it is necessary to promote the coordinated development of digital foundation,digital investment,digital literacy,digital economy and digital application,and promote the deep integration of digitalization and green technology innovation.

Chinese Enterprises’ Investment in Southeast Asia Continues Unabated

As we all know,Southeast Asia has become a hot destination for Chinese enterprises to invest in.The latest report shows that Southeast Asia continues to attract China’s capital,within which the medical industry has become an important area for Chinese enterprises to invest in,and the investment activity has gradually warmed up despite fluctuations.

Bringing Opportunities Job fair connects Chinese-invested enterprises in South Africa with local job seekers

Simphiwe Zondi in Johannesburg,South Africa,was especially happy on 16 April.At the 2024 Job Fair of the Chinese-Invested Enterprises in South Africa held in the Gallagher Convention Centre on that day,he presented his CV and immediately secured a job as a technical director at the South Africa subsidiary of PowerChina,which ranked 105th on the Fortune Global 500 list in 2023.He was one of the few applicants who signed employment contracts at the job fair.

Research on the Threshold Effect of China’s Pharmaceutical Export Trade on Internal and External R&D Investment

Objective To study the threshold effect of export trade on internal and external R&D investment in China’s pharmaceutical industry,and to provide reference for some pharmaceutical enterprises to improve the investment.Methods The panel data of pharmaceutical industry in 25 provinces and cities in China from 2009 to 2019 were selected to conduct empirical analysis by establishing a threshold regression model,and a better export trade interval was obtained.Results and Conclusion There is a threshold value for the effect of new product export on both internal and external R&D expenditures,and the threshold values are 845.2788 million yuan and 318.4198 million yuan,respectively.There is a single threshold effect of export trade on both internal and external R&D investment in China’s pharmaceutical industry,and the effect of export trade on internal and external R&D investment changes from negative to positive as the export trade develops from low to high.

Research on the Effect of R&D Investment Intensity and Sales Expense on the Performance of Biomedical Enterprises

Objective To explore the influence of new drug R&D investment and sales expense on the performance of biomedical enterprises.Methods The financial statements of 76 listed biomedical enterprises for 5 consecutive years were selected,and the data were modeled to study the effect of R&D investment and sales expense on the performance of biomedical enterprises by using financial indicators as tools and statistical methods of multiple linear regression.Results and Conclusion Under the premise that the weak related factors such as enterprise scale,life cycle and asset-liability ratio are set as unrelated variables,the R&D investment intensity of biomedical enterprises is negatively correlated with the current performance,which also shows that the R&D of biomedical enterprises has the characteristics of high risk.Besides,the influence of early R&D investment is delayed.However,the sales expense of leading biomedical enterprises with large scales have higher proportion.Meanwhile the greater sales expense of the same enterprise in different periods,the better the enterprise performance is.Biomedical enterprises should consider their own development stage to develop more patented drugs.Besides,they must formulate plans for allocating reasonable sales personnel and cost expense to ensure that enterprises can obtain better benefits.

RCEP框架下企业OFDI技术利益的理论机制与实证检验

区域全面经济伙伴关系协定(RCEP)合作框架下中国企业对外直接投资(OFDI)及其技术利益格局会深远影响成员国的后续科技创新与合作。本文基于上市公司面板数据,运用“熵权法”测算技术利益,结合企业、环境、东道国与OFDI特征研究中国企业对RCEP国家直接投资的技术利益实现问题。研究发现:对RCEP国家直接投资对实现技术利益具有显著促进作用;管理效率的提升强化技术利益的实现能力,高知识产权保护水平强化技术利益实现的动机。进一步分析表明,国有企业能实现更多的技术利益,而民营企业可以通过提高管理效率和知识产权保护水平提升技术利益实现水平;企业OFDI水平越高、东道国知识产权保护水平越高,技术利益实现效果越好;投资到RCEP国家的企业相比投资到“一带一路”国家的企业会获得更多技术利益。

The Importance of Investments on Small- and Medium-Sized Enterprises （SMEs） Growth： The Case of Kosovo

The small- and medium-sized enterprises （SMEs） are crucial to economic growth, especially in post-socialist transitional countries or new emerging market economies. The development of SMEs depends on the ability of those firms to invest and grow. Based upon an SME survey conducted by Riinvest Institute at the end of 2010, this paper seeks to provide answers on determinants of SMEs to invest in Kosovo, based on an econometric model which identifies the key determinants of SMEs＇ investment. The econometric evidence suggests a positive relationship between investment and the size and age of the company. Also, the decision of the firm to invest depends on the future business plans; if entrepreneurs have optimistic views about the future of the business, this encourages them to invest. The manufacturing and trade sectors invest more, so do exporting firms, which may be because of bigger market opportunities. Access to external sources of finance is another significant determinant of investment, suggesting that firms which gained credit invested more than other firms in the sample.

Socio-economic and energy-environmental impacts of technological change on China's agricultural development under the carbon neutrality strategy

Promoting agricultural modernisation through technological change is an important strategy for China.China's carbon neutrality strategy is leading to systemic socio-economic changes that could exacerbate the uncertainty of agricultural development.Therefore,applying a computable general equilibrium(CGE)model,this study characterises the agricultural sector in detail,introducing endogenous technological change proxied by research and development(R&D)to assess the impact of different technological change scenarios on agricultural development under the carbon neutrality target.The results show that allocating carbon revenue for R&D inputs can mitigate the significant negative impact of achieving carbon neutrality on knowledge capital and production in agricultural sectors.Overall,using carbon revenue only for R&D input in crop sectors has the optimal effect on increasing the agricultural sectors'knowledge capital,improving crop production and profit,reducing crop external dependence and promoting the synergistic reduction of carbon and pollutant emissions.However,this scenario has the largest negative impact on macro-economics and household welfare.In contrast,allocating carbon revenue to promote technological change in broader non-energy sectors or both crops and non-energy sectors can effectively mitigate negative socio-economic impacts,but the positive impact on agricultural development is minimal.These findings provide practical insights for the rational use of carbon revenue to expand agricultural R&D investment and ensure balanced agricultural and economic development under the carbon neutrality target.

Building the Bridge

On October 17 and 18,2023,the 3rd Belt and Road Forum for International Cooperation was held in Beijing,China.H.E.Mr.Srettha Thavisin,Prime Minister of the Kingdom of Thailand,attended and engaged in discussions with representatives from Chinese enterprises on bilateral investment and cooperation.On social media.

Renewing Chinese Investment in Indonesia’s Energy Sector

On April 1,the China RE Invest Indonesia 2024,a symposium cohosted by the Embassy of the Republic of Indonesia in China,the Southeast Strategics(a business and investment research and advisory institute),and the Center for Strategic and International Studies(CSIS)Indonesia,took place in Beijing.Representatives from renewable energy investment companies,equipment manufacturers,financial institutions,government departments,renewable energy-related enterprises.

政府补助与R&D投入对智慧养老企业绩效的影响研究

在老龄化背景下,智慧养老行业蓬勃发展。政府为缓解老龄化压力,加大对智慧养老企业的补贴力度,企业要想在激烈的竞争中实现可持续化发展,必须进行研发创新。以智慧养老企业为研究对象,分别探讨政府补助、研发投入以及二者能否产生交互效应来提升智慧养老企业绩效,以期为智慧养老企业转型升级谋求道路。研究表明:政府补助与研发投入均能够正向提升智慧养老企业绩效,但具有滞后性;二者具有互补性,能够产生交互效应,共同提升智慧养老企业绩效。

R&D投入对企业绩效影响的统计研究

【目的】对R&D投入与企业绩效的影响关系进行统计研究,为江西省上市公司进行R&D投入合理规划、提升企业绩效和促进创新驱动发展提供建议。【方法】基于江西省2019—2021年上市公司的面板数据,构建面板门槛回归模型,分析了R&D投入对企业绩效的门槛效应。【结果】单一门槛、双重门槛、三重门槛均通过了显著性检验,在不同门槛值区间时,R&D投入对企业绩效的边际系数符号及其显著性存在明显差异。【结论】企业应根据自身所处的R&D投入区间合理制定相应的研发计划,当企业R&D投入处于低区间时,应当加大R&D投入;当R&D投入上升至一定区间时,则需重点关注R&D投入效率问题,以避免R&D投入对企业绩效的抑制作用。

规上工业企业R&D投入质量及障碍因素分析——以淄博市为例

以淄博市规上工业企业2011—2021年相关数据为研究载体,分析其R&D投入特征,借助熵值法对淄博市规上工业企业R&D投入质量进行评价,并引入障碍度模型,找出主要障碍因素。结果表明:淄博市规上工业企业R&D投入质量总体呈现波动上升的趋势,投入质量改善明显提升的是R&D活动规模,R&D投入能力出现小幅下滑;R&D投入结构已超越R&D投入能力成为影响R&D投入质量的首要因素,表明淄博市规上工业企业R&D投入正在由规模投入向质量投入转变;基础研究成为阻碍淄博市规上工业企业R&D高质量投入的主要阻碍因子,并且阻碍程度正在快速提升;R&D人员、R&D投入强度分列2、3位,位列第4的应用研究近年障碍度提升趋势明显。

CCPIT Holds Dialog with Foreign Business Associations and Foreign-Invested Enterprises

On August 24,Ren Hongbin,Chairman of the China Council for the Promotion of International Trade(CCPIT),presided over the Dialog with Foreign Business Associations and Foreign-invested Enterprises and listened carefully to the business operations,problems and demands,as well as opinions and suggestions of foreign business associations and foreign-invested enterprises.The participants included 11 representatives from foreign business associations,such as the American Chamber of Commerce in the People’s Republic of China(AmCham China),the European Union Chamber of Commerce in China(EUCCC),the British Chamber of Commerce in China(BCCC),and the China-Italy Chamber of Commerce(CICC),and 16 representatives of foreign-invested enterprises,such as Bayer,Boehringer Ingelheim,Nestle,Starbucks,Cargill,Corning,Intel,Qualcomm,Pfizer,Air Liquide,P&G,MUFG,and SK China.Vice Chairman Zhang Shenfeng of the CCPIT also attended the Dialog.

A case study of Korea-invested enterprises in Shandong Peninsula

This paper is a case study of the development of Koreaninvested Enterprises (KIEs) in Shandong Peninsular based on a field interview survey together with questionnaire survey undertaken in 1996 and 1997. An analysis to the motivate factors for Korean investment entering China and a general evaluation on the business environment of Shandong Peninsular in terms of Korean investment is given firstly. Then the present characteristics of KIEs is described from micro point of view, with focus on the linkage pattern of enterprises, aiming at elaborating the emerging pattern of the international division of labor between China and the R. Korea, and the role of KIEs to the local social and economic development of Shandong Peninsular.

THE DEVELOPMENT OF OUTWARD ECONOMY IN RURAL ENTERPRISESAND THE DIFFERENCE AMONG PROVINCES

Rural wterprise plays a more and more important role in the development of outward economy of China. In 1994, 44.5 percent of the export value was produced by rural enterprises. This paper will focus on the rural enterprises with export, their growth, structural change and regional distribution. 'San Lai Yi Bu' as a special form of outward enterprises, the foreign investment in rural enterprises the regional distribution and development tendency of rtral aterprises with foreign investment will be studied at the same time. The factor analysis will be used to study the evolution of the role that rural enterprises played in the development of outward economy, the regional difference in the development level and industrial structure of rural enterprises of outward economy.

Investment Challenges in Africa： Case Studies of Chinese Enterprises

When Africa's growth faces headwinds and when China's Belt and Road Initiative finds synergy with Africa's development agenda, it is imperative for Chinese enterprises to adjust their strategies and traditional practices in order to deal with all kinds of risks. It is also urgent for the Chinese government to be fully prepared to help safeguard the legitimate interests of its nationals and enterprises in Africa when it is needed.

Compliance of Documentation Transfer Pricing Requirements in Foreign Direct Investment Enterprises in Vietnam

The increase of inter-boundary transactions brings a number of benefits for enterprises. However, even when benefits of transfer pricing are evident, multinational organizations still face legal challenges, including performing parts of transactions in another jurisdiction and motives of tax officials in investigating transfer pricing. This is especially true when countries do not want to lose benefits from tax collection. Therefore, many countries and organizations such as the Organization for Economic Cooperation and Development （OECD）, Pacific Association of Tax Administrators （PATA）, the European Union （EU）, and Vietnam have introduced requirements for transfer pricing documentation to prevent transfer pricing manipulation and maintain benefits from taxes. The aim of this research was to assess the compliance of those requirements of foreign direct investment （FDI） enterprises in Vietnam. This article which is a summary of our research includes the following sections： （1） OECD guidelines of transfer pricing documentation; （2） Vietnam regulations of transfer pricing documentation; （3） results of the research; and （4） discussion and conclusion.

Thoughts on Promoting the Investment and Financing Development of Enterprises'Intellectual Property Rights from the Perspective of Intellectual Property Strategy

With the in-depth implementation of China's intellectual property strategy,the situation of intellectual property protection in China has been further improved,the enthusiasm of the public for entrepreneurship and innovation has been further stimulated,people's awareness of intellectual property rights has been further enhanced,and the value of intellectual property rights has been further recognized by people.As a new economic form,"intellectual property economy"plays an increasingly important role in our socialist market economy.At the same time,China's intellectual property still faces some prominent problems,especially in the field of intellectual property investment and financing,such as difficult valuation,management and liquidation.From the perspective of the implementation of intellectual property strategy and starting from the investment and financing of intellectual property rights of small and medium-sized enterprises,this paper introduces the basic concepts of intellectual property investment and financing,the development status and existing problems of intellectual property investment and financing of small and medium-sized enterprises,and puts forward some suggestions for improving the investment and financing policy of intellectual property rights.