Based on the matched data of China’s tax survey and customs from 2007 to 2011,this paper studies the differential impact of exchange rate changes on the performance of companies by region from the perspective of fact...Based on the matched data of China’s tax survey and customs from 2007 to 2011,this paper studies the differential impact of exchange rate changes on the performance of companies by region from the perspective of factor market distortion.The results show that for import companies,the RMB appreciation significantly contributes to improving their performance and this phenomenon is more pronounced in areas with high factor market distortions.Channel tests show that the proportion of intermediate goods imported by final producers increases with regional factor market distortions.Therefore,the appreciation of the national currency is more favorable for areas with high factor market distortions(companies with high proportion of imported intermediate goods).In addition,the appreciation of the national currency will promote the production of China’s upstream intermediate goods producers by expanding the output of downstream enterprises.This paper complements previous studies on the differential impact of RMB exchange rate changes on regional economic growth from a micro perspective.展开更多
Access Report on Performances of Listed Ports and Shipping Com- panies in 2007,by International Economy Research Institute of Dalian Maritime University(DMU),was issued. According to the report,Shenzhen Chi- wan Wharf...Access Report on Performances of Listed Ports and Shipping Com- panies in 2007,by International Economy Research Institute of Dalian Maritime University(DMU),was issued. According to the report,Shenzhen Chi- wan Wharf Holdings Limited(CWH),展开更多
At the invitation of the Min-On Concert Association,the China National Peking Opera Company performed three masterpieces(Leopard,Imperial Concubine Yang,and Suolin Purse)in Nakano Sunplaza.The performances received po...At the invitation of the Min-On Concert Association,the China National Peking Opera Company performed three masterpieces(Leopard,Imperial Concubine Yang,and Suolin Purse)in Nakano Sunplaza.The performances received positive responses from the audience,which included Cheng Yonghua,Chinese ambassador展开更多
According to eastmoney.com’s Choice data,50listed non-ferrous metals companies have announced the 2017 performance forecasts,where 39 companies forecast profits,accounting for more than 70%.Among them,there are 19 co...According to eastmoney.com’s Choice data,50listed non-ferrous metals companies have announced the 2017 performance forecasts,where 39 companies forecast profits,accounting for more than 70%.Among them,there are 19 companies each with a forecast net profit of more than RMB 100million and 13 companies with a more展开更多
The year 2016 is the year of change for China’s new energy vehicles industry,and also the key year in which the industry walks into the growth period from a lead-in period.The opportunities were obvious,and challenge...The year 2016 is the year of change for China’s new energy vehicles industry,and also the key year in which the industry walks into the growth period from a lead-in period.The opportunities were obvious,and challenges extremely difficult to meet.On one hand,many lithium battery enterprises suffered from a long account period,slowly returned money or展开更多
Significant revenue growth 100 Chinese firms engaged in the production and sale of textile have already announced their first-half 2010 financial results.
文摘Based on the matched data of China’s tax survey and customs from 2007 to 2011,this paper studies the differential impact of exchange rate changes on the performance of companies by region from the perspective of factor market distortion.The results show that for import companies,the RMB appreciation significantly contributes to improving their performance and this phenomenon is more pronounced in areas with high factor market distortions.Channel tests show that the proportion of intermediate goods imported by final producers increases with regional factor market distortions.Therefore,the appreciation of the national currency is more favorable for areas with high factor market distortions(companies with high proportion of imported intermediate goods).In addition,the appreciation of the national currency will promote the production of China’s upstream intermediate goods producers by expanding the output of downstream enterprises.This paper complements previous studies on the differential impact of RMB exchange rate changes on regional economic growth from a micro perspective.
文摘Access Report on Performances of Listed Ports and Shipping Com- panies in 2007,by International Economy Research Institute of Dalian Maritime University(DMU),was issued. According to the report,Shenzhen Chi- wan Wharf Holdings Limited(CWH),
文摘At the invitation of the Min-On Concert Association,the China National Peking Opera Company performed three masterpieces(Leopard,Imperial Concubine Yang,and Suolin Purse)in Nakano Sunplaza.The performances received positive responses from the audience,which included Cheng Yonghua,Chinese ambassador
文摘According to eastmoney.com’s Choice data,50listed non-ferrous metals companies have announced the 2017 performance forecasts,where 39 companies forecast profits,accounting for more than 70%.Among them,there are 19 companies each with a forecast net profit of more than RMB 100million and 13 companies with a more
文摘The year 2016 is the year of change for China’s new energy vehicles industry,and also the key year in which the industry walks into the growth period from a lead-in period.The opportunities were obvious,and challenges extremely difficult to meet.On one hand,many lithium battery enterprises suffered from a long account period,slowly returned money or
文摘Significant revenue growth 100 Chinese firms engaged in the production and sale of textile have already announced their first-half 2010 financial results.
