Research on the path of effective management of participation in joint-venture railway companies by China railway group

Purpose-Following the regional restructuring,the number of joint-venture railway companies in which the Group participates has significantly increased.This paper aims to explore the challenges faced by China Railway Group in managing participation in joint-venture railway companies.The study seeks to propose specific approaches to ensure the effective management of these companies,thereby maximizing the benefits of the regional restructuring and supporting the development of a strong transportation country and a modern infrastructure system.Design/methodology/approach-Based on the change in the shareholding relationship between China Railway Group and the joint-venture railway companies,and considering the current situation of the regional restructuring of these companies,as well as the insights from existing literature and typical case studies,this paper proposes some specific paths for effective management of joint-stock railway companies which China Railway Group participated in.Findings-The problems in participation management are the unclear dual leadership role of the party committee,the lack of discourse power,the lack of synergy between shareholders,the increasing risk of sustainable operation of the loss-making companies and the role of dispatched personnel is not fully played.Based on the theories,combined with the existing research and practical cases,the paper proposed specific approaches,such as perfecting top-level system design,maintaining the discourse power,carrying out differentiated management,arranging personnel rationally,arranging shareholders synergy,and innovating methods to provide references for China Railway Group’s subsequent management of joint venture railway companies.Originality/value-This paper contributes to the existing literature by providing a comprehensive analysis of the challenges faced by China Railway Group in managing participation in joint-venture railway companies following the regional restructuring.The study offers novel insights and practical recommendations for addressing these challenges.The findings can serve as valuable references for China Railway Group’s subsequent management of joint-venture railway companies which participated in,as well as for other stateowned enterprises facing similar challenges in managing their joint ventures.

Recent Ventures in Interdisciplinary Arctic Research:The ARCPATH Project

This paper celebrates Professor Yongqi GAO's significant achievement in the field of interdisciplinary studies within the context of his final research project Arctic Climate Predictions: Pathways to Resilient Sustainable Societies-ARCPATH(https://www.svs.is/en/projects/finished-projects/arcpath). The disciplines represented in the project are related to climatology, anthropology, marine biology, economics, and the broad spectrum of social-ecological studies. Team members were drawn from the Nordic countries, Russia, China, the United States, and Canada. The project was transdisciplinary as well as interdisciplinary as it included collaboration with local knowledge holders. ARCPATH made significant contributions to Arctic research through an improved understanding of the mechanisms that drive climate variability in the Arctic. In tandem with this research, a combination of historical investigations and social, economic, and marine biological fieldwork was carried out for the project study areas of Iceland, Greenland, Norway, and the surrounding seas, with a focus on the joint use of ocean and sea-ice data as well as social-ecological drivers. ARCPATH was able to provide an improved framework for predicting the near-term variation of Arctic climate on spatial scales relevant to society, as well as evaluating possible related changes in socioeconomic realms. In summary, through the integration of information from several different disciplines and research approaches, ARCPATH served to create new and valuable knowledge on crucial issues, thus providing new pathways to action for Arctic communities.

Characteristics and Insights of Offshore Oil and Gas Exploration and Development Investment

The oceans'vast expanse has given rise to copious oil and gas resources,with recent years witnessing a steady unlocking of offshore oil and gas potential,positioning them as a key successor in global energy reserves.Currently,offshore oil and gas extraction constitutes nearly a third of the world's oil and gas output.This segment has evolved into a mutually beneficial ecosystem where operators and service providers collaborate closely around exploration and development activities.Investment in offshore oil and gas typically follows a dual "one-third’"pattern,reflecting high upfront costs but promising returns.It also underscores the stark variations in project viability and regional economic efficiency,with monopolistic traits seen at both national and corporate levels.Collaboration has emerged as a key tactic for resource-rich countries and oil companies to advance their offshore ventures.Given the distinct nature of offshore oil and gas development,Chinese oil companies are advised to seize opportunities in marine exploration,emphasize the coordination and planning abilities of the global supply chain,focus on the reserves of offshore oil and gas development technologies,as well as the capabilities of commercial talents and other forms of support,courageously pursue significant offshore assets,and effectively utilize global technology,equipment,and expertise,and rapidly build a competitive edge in offshore oil and gas projects.

"New Quality Productive Forces to Bring Greater Opportunities for Us"——Interview with Jakob Stausholm,CEO of Rio Tinto

"China is hugely important for Rio Tinto as this is the place where we have our biggest customers,our biggest shareholders,and almost 60%of our revenue stems from sales in China."Rio Tinto,the world's largest iron ore producer,has had more tieups and joint ventures with Chinese partners than anyone else.When interviewed by China's Foreign Trade.

Green Electricity and Green Hydrogen Demonstration Construction of Yumen Oilfield

Yumen Oilfield,situated in Jiuquan’s resource-abundant landscape,capitalizes on its renewable energy potential,actively developing wind and photovoltaic projects.Yet,limited grid connectivity impedes transmission,resulting in high renewable energy curtailment rates and diminished investment returns.In response,Yumen Oilfield aims to aggressively enhance on-site green electricity usage and embark on“Power-to-X”ventures for efficient green power consumption.Initiatives are underway,including large-scale hydrogen production via water electrolysis,complemented by dedicated hydrogen pipeline networks and refueling stations servicing nearby chemical parks.This transition to green hydrogen in refining operations,substituting grey hydrogen,bolsters the progression of a green hydrogen chemical industry.Increased green hydrogen consumption ensures a robust and enduring renewable power ecosystem at Yumen Oilfield.

ITMF welcomes TMAS as its new Associate Member

TMAS,the Swedish Textile Machinery Association,has become the latest Associate Member of the ITMF,which continues to expand as the international forum for the global textile manufacturing value chain.ITMF members already include companies responsible for approximately 90%of global textile and apparel production and the Federation’s reach continues to be extended through ventures such as this year’s Annual Conference,which will take place in Samarkand,Uzbekistan,from September 8-10,alongside the International Apparel Federation’s 2024 Fashion Convention.This follows on from the highly successful 2023 ITMF Annual Conference which took place in Keqiao,China.

Dotcom Venturer Fritz Demopoulos has proven anAmerican can have dotcom success inChina once. Can he do it again?

In the final article of our five - part series, we feature Fritz Demopoulos, who seems to most closely define what it means to achieve the American Dream in China. Fritz is a bit of a rebel. Quitting his gravy job with New s C o rp., he stru ck out like his European and now Ameri c a n parents to build something of his own. But compared to the life they built—three kids, a couple of cars, a house and a bu s i n e s s — Fritz doesn’t see his American Dream the same way.While we couldn’t pin him down on exactly what the American Dream means to him, his story tells us: It’s about creating whatever you want. In China, that may be most possible. Invent, reinvent or just show up here and you might find your creative juices flowing and taking shape, according to Fritz. He arrived one day in 1997 with almost no prior China knowledge and has become one of the country’s dotcom moguls. Le t ’ s face it, China suffers from over c r o wding, underde- veloped health care and substantial pollution. In the eyes offoreigners , it’s probably not exactly the ideal place to raise kids. But on the whole, it may be the most desirab le place to turn dreams—at least business ideas—into reality.

INTO THE GREAT UNKNOWN China's most famed explorers and adventurers

China is not exactly known for discovering or set­tling any new overseas territories-and consider­ing Europe’s colonial legacy,that's not necessarily something to be embarrassed about.However,the country would never have grown as large and influential as it did without at least a few brave souls who dared to venture off the map and into the history books.Some were tempted out to sea by the siren song of personal or national glory,while others defied the driest deserts and most dan­gerous waters in pursuit of knowledge.

INTO THE GREAT UNKNOWN Chinas most famed explorers and adventurers

China is not exactly known for discovering or set-tling any new overseas territories-and consider-ing Europe s colonial legacy,that's not necessarily something to be embarrassed about.However,the country would never have grown as large and influential as it did without at least a few brave souls who dared to venture off the map and into the history books.Some were tempted out to sea by the siren song of personal or national glory,while others defied the driest deserts and most dangerous seas in pursuit of knowledge.

Snakebite: A neglected tropical disease that can stymie progress toward the Sustainable Development Goals

The adoption of Sustainable Development Goals(SDGs)under Agenda 2030 is one of the most ambitious ventures by the United Nations for the betterment of humanity.The SDGs are a comprehensive and holistic approach to making the lives of humans,not only the current human population but even future generations,worth living and celebrating.SDGs aim to end poverty,hunger,and inequities,provide everyone with clean water,energy,and an environment,and make the planet more peaceful,just,and habitable[1].

The Essentiality of China-EU Cultural and People-to-People Exchanges

Constant and personal contact between partners is essential,whether in politics,or in joint ventures established in the business world.HOW do cultural and people-to-people exchanges promote mutual understanding between China and Europe?The answer is epitomized in the venerable spirit of the ancient Silk Road,which once connected China and Europe,and its historical effect。

SPI in Central and Southeast Asia

SPI in Kazakhstan SPI participated in the construction and operation of four oil and gas pipeline projects in Kazakhstan,and they are Kazakhstan-China Gas Pipeline,Beineu-Shymkent Gas Pipeline,Kazakhstan-China Crude Oil Pipeline and MunaiTas North-West Crude Oil Pipeline.For pipeline operation,four joint venture companies were set up for the four pipeline projects respectively.

Building a Contemporary Silk Road under the Belt and Road Initiative

Development history Sino-P ipeline International(SPI)is a company specialized in construction,operation and management of overseas oil and gas pipelines under CNPC.It is responsible for the construction and operation of two major oil and gas transport channels in northwest and southwest China.It has 13 joint ventures and wholly-owned subsidiaries,with a total pipeline mileage of more than 11,000 kilometers and an annual oil and gas transport capacity exceeding 109 million tons of oil equivalent.

Globals Go Local

The opportunities offered by the Chinese market is making multinationals set up joint ventures and production lines in China,boosting the transformation of China’s manufacturing industry.

坐在家里看世界

Although some countries have re⁃opened their borders,many travelers are still unable to venture(冒险去)out during the ongoing coronavirus pandemic.This has forced tourism industries to rethink how they can promote tourist attractions online.

手持GPS在山区、丘陵地区1:10000比例尺地形图测绘中的应用

利用手持GPS携带方便,测量准确,无需通视的优点,结合实践,表明手持GPS在山区、丘陵地区1:10000比例尺地形图测绘中,能够满足精度要求。使用手持GPS不仅可以节省大量的人力物力,而且能够缩短成图时间,提高制作地形图的效率。

基于纵向产品差异化市场的风险投资退出决策研究

应用具有线性需求函数的纵向产品差异化模型,分析了风险投资在不同退出方式(首次公开发行、并购和清算)下的收益,研究了风险投资家在市场分别存在生产低质量产品的垄断者和生产高质量产品有风险投资参与的新进入者的退出策略问题,并引入了创业企业创新度这一决策变量。研究表明,当创新度大于某一临界值时,风险投资家的最优退出策略是让创业企业上市。

国家竞争力、高技术产业化与金融创新

Under the background of economic globalization, the competitiveness of a country or a region depend no more on traditional basic elements,but on senior ones whose characteristic is high technology, especially on the capability of technique innovation and hi - tech industrialization. Venture capital is the seedbed for hi - tech industry and is most suitable for the growth of hi - tech industry. Second - board market and investment banks are also vital factors for the commercial running of high - tech industry. Thus develop high technology and quicken its industrialization is an imprortant way to raise competitiveness of China. To obtain that goal, we must establish such a mechanism that integrated venture capital,second - board market and investment bank as one to form the institutional foundation for hi - tech industrialization.

外国直接投资在苏南地区结构调整的实证分析

外国直接投资 (FDI)是经济全球化进程的发动机 ,也是我国经济增长的重要推动因素之一。在吸引外资中 ,苏州取得了骄人的成绩 ,在 2 0 0 1年被美国《新闻周刊》列为全球九大新兴科技城市之一。本文主要以苏州为例 ,对苏州的中外合资企业做了分类 ,并探讨其在苏州投资的动机、发展情况及新趋势。并且结合直接投资的理论 ,思考当前利用外资结构的调整。并对我国在加入WTO后 ,如何更好地引资提出了一些建议。