Chinese Trade Unions Strive to Protect Workers' Rights and Interests in Dealing with the Global Financial Crisis

Protecting the rights and interests of workers and staff members constitutes an important aspect of China＇s human rights protection. At the time when the country is dealing with impacts of the global financial crisis, the All-China Federation of Trade Unions has been working fruitfully and effectively to accelerate economic and social development and safeguard the legitimate rights and interests of workers, therefore making contributions to the protection of the rights and interests of Chinese workers. Now I would like to make a brief introduction on this subject.

Analysis of profit models for cross-border power interconnection projects

With the increasing demand worldwide for power grid interconnection,a growing number of related projects are under planning or construction.Despite the rapid growth of cross-border interconnection projects,the systematic research on profit models for these projects is insufficient.This paper first analyzes the profit sources of interconnection projects.Based on the analysis results,profit models are considered under different regulatory systems for three types of crossborder interconnection projects:fully market-oriented,semi-marketization,and fully supervised.Finally,measures for increasing the profitability and sustainable development of power interconnection projects are proposed.

Study on International Development of Financial Asset Securitization:An Example of Mining Rights

Mining right asset securitization is a market financing pattern for mineral resources, and it is a creative application of financial asset securitization. Nowadays, because of world energy price decline, the world energy market is facing weak investment and financing sharply under pressure. Under this background, this paper aims at briefly commenting on the content, processes and impact of mining right asset securitization, understanding the international mining right asset securitization specific practices, and then combining the situation of China(Shanghai) Pilot Free Trade Zone so as to give advice for the development of mining right asset securitization in China. For instance, mineral mining rights and expenses system design are not clear, so the mineral values do not reflect their true costs and the need to speed up market credit system construction.

Strategic Investment in Transmission and Energy Storage in Electricity Markets

The variability of renewable energy and transmission congestion provide opportunities for arbitrage by merchants in deregulated electricity markets.Merchants strategically invest to maximize their profits.This paper proposes a joint investment framework for renewable energy,transmission lines,and energy storage using the Stackelberg game model.At the upper level,merchants implement investment and operation strategies for deregulated transmission and energy storage to maximize profits.At the middle level,central planners seek to maximize social welfare through investments in centralized renewable energy and energy storage.At the lower level,independent system operators jointly optimize the energy and reserve markets to minimize the total operating costs.Merchants are remunerated through financial rights,which are a settlement method based on locational marginal price.The trilevel optimization problem is reformulated as a tractable single-level one using Karush-Kuhn-Tucker(KKT)conditions and strong duality theory.The interaction between merchants and central planners is studied with an example based on the IEEE 30-bus test system.The assignment of weight coefficients to the corresponding stochastic scenarios can help merchants avoid investment risk,and their effectiveness is verified with the IEEE 118-bus test system.