As the global economy is recovering in a unpredictable road, some other threats exist in the possibility of a currency war,resulting in more pressure for China. The latest depreciation
It's just one month after the Chinese Spring Festival. "Gong Xi Fa Cai!" is heard in every corner of life prior to and during Spring Festival in China when the Year of Ox sets in,heralding an auspicious ...It's just one month after the Chinese Spring Festival. "Gong Xi Fa Cai!" is heard in every corner of life prior to and during Spring Festival in China when the Year of Ox sets in,heralding an auspicious arrival of Spring. Besides commonly-used greeting words of wising you a happy,healthy and prosperous new year,the "Gong Xi Fa Cai",literally meaning "congratulations on making money and wealth",is the best-echoed expression for new year greetings,and pleasingly evidenced by mascots of toy ox dressed in beautiful clothes with the Yuan(Chinese money) imprints and decorations that can be found in street stalls,department stores and shop malls. Yes,money is conspicuous in the traditional reveling rituals,and will the most likely be more conspicuous for the country and its textile economy as its value issue is reiterated in a tune of different expression.展开更多
This paper provides new evidence on export price elasticities by analyzing the cases of China, France, Germany, Italy, Japan, UK and the USA over the period 1990-2012. Estimates have been made using panel data techniq...This paper provides new evidence on export price elasticities by analyzing the cases of China, France, Germany, Italy, Japan, UK and the USA over the period 1990-2012. Estimates have been made using panel data techniques for non-stationary data. After demonstrating that long-run relationships are stable to any structural break, it is found that exports are significantly determined by foreign demand, with long-run income elasticity significantly higher than unity for China, Japan, Germany, the UK and the USA. Conversely, exports are price inelastic for most of the countries in the sample, in both the long run and the short run. The exception is France, whose export price elasticity is lower （higher） than unity in the short run （long run）.展开更多
文摘As the global economy is recovering in a unpredictable road, some other threats exist in the possibility of a currency war,resulting in more pressure for China. The latest depreciation
文摘It's just one month after the Chinese Spring Festival. "Gong Xi Fa Cai!" is heard in every corner of life prior to and during Spring Festival in China when the Year of Ox sets in,heralding an auspicious arrival of Spring. Besides commonly-used greeting words of wising you a happy,healthy and prosperous new year,the "Gong Xi Fa Cai",literally meaning "congratulations on making money and wealth",is the best-echoed expression for new year greetings,and pleasingly evidenced by mascots of toy ox dressed in beautiful clothes with the Yuan(Chinese money) imprints and decorations that can be found in street stalls,department stores and shop malls. Yes,money is conspicuous in the traditional reveling rituals,and will the most likely be more conspicuous for the country and its textile economy as its value issue is reiterated in a tune of different expression.
文摘This paper provides new evidence on export price elasticities by analyzing the cases of China, France, Germany, Italy, Japan, UK and the USA over the period 1990-2012. Estimates have been made using panel data techniques for non-stationary data. After demonstrating that long-run relationships are stable to any structural break, it is found that exports are significantly determined by foreign demand, with long-run income elasticity significantly higher than unity for China, Japan, Germany, the UK and the USA. Conversely, exports are price inelastic for most of the countries in the sample, in both the long run and the short run. The exception is France, whose export price elasticity is lower （higher） than unity in the short run （long run）.
