The Impact of Digital Finance on High-Quality Development of the Chengdu-Chongqing Economic Circle

This paper developed a comprehensive evaluation system that was able to quantify the levels of high-quality development across the cities within the Chengdu-Chongqing economic circle,and investigate the impact that digital finance had on the cities’high-quality development and the underlying mechanisms through which it achieved this.This comprehensive evaluation system was constructed using statistical data from these cities for the period 2014 to 2020 while also taking China’s high-quality development philosophy into account.The key findings revealed that:(a)Digital finance was able to significantly promote high-quality development in the Chengdu-Chongqing economic circle;(b)Digital finance had a significant positive effect in promoting innovative,coordinated,green,open,and shared development;(c)Digital finance was able to stimulate the high-quality development in the Chengdu-Chongqing economic circle by boosting entrepreneurial dynamism;(d)Digital finance had a significant impact on the high-quality development of the axis areas,while its impact was less discernible in non-axis areas.The insights from this research offer a deeper understanding of the factors that drive high-quality development,the role digital finance plays,and the mechanisms through which digital finance is able to propel high-quality development at the city cluster scale.

China’s Economic Growth and High-Quality Development:2020-2035

The time period between 2020 and 2035 is vital for China to achieve its second centennial goal.During this period,China must avoid the middle-income trap and achieve socialist modernization.To accomplish this goal,China must maintain a certain pace of economic growth and strive to double its real GDP per capita by 2035.However,by the current growth trajectory,China’s average economic growth rate is expected to stay at approximately 3.8%over the period between 2020-2035.This makes the GDP per capita growth target hard to achieve.Even when in a high-quality development stage,China should speed up economic growth while enhancing growth quality.Speed and quality are interdependent rather than contradictory with each other.To ramp up economic growth potentials,China must proceed with market-oriented reforms and shift economic growth drivers.To improve economic growth quality,household consumption should be increased to unleash China’s full potential,not only as the factory floor of the world but also one of world’s biggest markets,i.e.“dual circulations.”With appropriate policy response,China’s economy will be poised to achieve the goal of doubling real GDP per capita by 2035,marking a large stride in its economic aggregate and urban and rural household per capita incomes.

Relation between Economic Development Level and Resource and Environment Carrying Capacity of Central Area of Yunnan Province Based on Decoupling Analysis

Based on the decoupiing theory and method, an indicator system was built for the relation between economic development level and resource and environment carrying capacity. And the study was carried out on decoupling degree and temporal changes of economic development level and resource and environment carrying ca- pacity in the central area of Yunnan Province. Results indicated that （i） the economic development level and resource and environment carrying capacity in the central area of Yunnan Province mainly experienced strong decoupling, weak decoupling, and ex- pansive negative coupling, and in general it was strong decoupling, and it took on re- verse ＂N＂ in temporal changes. （ii） Change rate of economic development level in the central area of Yunnan Province was greater than zero, but the amplitude of change was not large, while the change rate of resource and environment carrying capacity was negative in 2007-2008, and it was positive in the rest years; from 2007, it took on gradual expansion trend, and scissors difference gradually increased after experi- encing reverse ＂V＂ change. （iii） The strong decoupling was the main situation and it reached the peak value in T5 period and T6 pedod.

Correlation Between Economic Development Level and Landscape Pattern in Beijing Peri-urban Areas

With the rapid changes of demographic and socio-economic structure, various ecological and environmental problems have emerged in peri-urban areas. Studies on the correlation between socio-economic development and eco-environmental preservation are inadequate. This paper analyzes the landscape pattern of peri-urban areas to address this issue. First, it studies the differentiation of economic development levels in Beijing peri-urban areas. Then, it explores the correlation between economic development level of each town and its landscape pattern using Pearson Correlation and grade difference indices. Furthermore, it summarizes the problems within current landscape pattern. Three conclusions are drawn from the analysis: (1) on the whole, the economic de- velopment level in Beijing peri-urban areas basically matches with landscape pattern; (2) landscape contagion degree decreases with the growth of economic development level in as much as 30% of Beijing peri-urban areas. This is an irrational phenomenon accord- ing to our judgment; (3) landscape fragmentation grades in more than half of the towns are higher than their economic development grades, suggesting that attention should be paid to excessive fragmentation of land use.

Comprehensive Evaluation on the Level of Agricultural Economic Development in Hubei Province Based on Principal Component Analysis

[Objectives]Hubei Province has a superior geographical location,and is located in the middle and lower reaches of the Yangtze River,with pleasant climate and abundant natural resources.It is an important province of population,agriculture and resources in China.[Methods]Based on the data of Statistical Yearbook of Hubei 2018,the agricultural economic indicators of the cities and prefectures in Hubei Province were analyzed with principal component analysis method by using SPSS19.0.[Results]The comprehensive scores and rankings of the agricultural economic development level of the 17 cities and prefectures in Hubei Province were obtained.They were divided into four agricultural development levels.[Conclusions]According to the analysis results,corresponding policy recommendations were put forward to promote the development of agricultural economy in Hubei Province.

Research on the coordination of the urbanization level and the economic development in China

At present, part of the local government officials who like to do grandiose things to impress people blindly promote the development of the real estate, resulting in the gap with the population migration, so many ghost towns are born. In addition, while building the local infrastructure of some of the districts, they also ignore the problem of the rational allocation of their own financial funds. Visibly, the implementation of the coordination between the two will help make China＇s urbanization level advancing in the health and right directions.

High-quality development level evaluation and path selection of prefabricated buildings

For a long time,Chinese construction industry has had disadvantages such as waste of resources,environmental pollution,long construction period,great influence by weather,low enterprise efficiency and poor benefit.While being able to solve the disadvantages of traditional buildings,prefabricated buildings,as an important starting point to achieve the carbon peaking and carbon neutrality goals,are far superior to traditional buildings in green and low-carbon,energy conservation and emission reduction,which can accelerate the transformation and upgrading of the construction industry.In recent years,the government has vigorously promoted prefabricated buildings,but the implementation of prefabricated buildings has been frequently hindered and the development of prefabricated buildings in China has not achieve the expected goal in many aspects.Under the high-quality development strategy proposed by the central government,how to promote the high-quality development of prefabricated buildings in China is one of the key difficulties of Chinese construction industry in the future.Therefore,it is necessary to proceed from the connotation of the high-quality development of prefabricated buildings,establish an evaluation model for the high-quality development level of prefabricated buildings through AHP and comprehensive fuzzy evaluation to master the high-quality development level of prefabricated buildings in China,and explore the reasonable paths selection forthe high-quality development of prefabricated buildings in China.

Factor Price Distortion,Technological Innovation,and High-Quality Economic Development

The entropy method is used to measure the high-quality economic development levels of 30 provinces(autonomous regions,municipalities)in China from 2011 to 2020,and the impacts of factor price distortion,technological innovation,and their interaction terms on high-quality economic development are analyzed based on Tobit regression.The results show that highquality economic development of 30 provinces(autonomous regions,municipalities)in China is on the rise;factor price distortion has an inhibitory effect on high-quality economic development,while technological innovation has a promoting effect on high-quality economic development,and both of them have a lag effect;technological innovation level can help alleviate the negative impact of factor price distortion on high-quality economic development;and sub-regional research shows that the inhibitory effect of factor price distortion on highquality economic development in the east is significantly higher than that in the central and western regions,but the positive effect of technological innovation and the interaction terms between the two on high-quality economic development is significantly lower than that in the central and western regions.Accordingly,it is proposed to optimize top-level design for the two-wheel drive for high-quality economic development,strengthen the primary role of enterprises in innovation to promote high-quality economic development,and optimize the market-oriented allocation of factors to improve the efficiency of resource allocation.

Economic Growth Expectation Targets,Elastic Constraints,and High-Quality Economic Development

Based on the panel data of 30 provinces(autonomous regions,municipalities)in China from 2006 to 2019,the empirical study finds that the target values of economic growth expectation can promote high-quality economic development,and there is an inverted U-shaped relationship between elastic target constraints and high-quality economic development.The elastic constraints can reduce the investment rate and improve the total factor productivity(TFP),which promotes high-quality economic development,but its mediating effect accounts for a small proportion.With the improvement of the marketization degree,the inhibiting effect of elastic constraints on high-quality economic development reduces.The analysis of the heterogeneity between the new or old normal and the levels of economic development shows that in the future,developed regions should set high target values and low elastic constraints,and underdeveloped regions should set high elastic constraints on the target values of economic growth expectation.

Analysis on Influential Factors of Peasants' Willingness to Exit Homestead in Regions with Different Economy Development Levels——Taihe Village,Chaohu County-Level City,and Ancang Village,Taihu County as Examples

The research concluded peasants＇ willingness on homestead exiting and influential factors by questionnaire survey and interviewing in two villages with varied levels of economic development in Anhui Province.Comparisons were performed on subjective factors and objective factors were explored by Logistic regression.The results showed that both of education background and homestead use have positive correlation with peasants＇ willingness on homestead exit;the number of family members has negative effects on peasants in advanced village but the number of migrant workers or members living in cities has positive effects;the area of homestead has positive effects on peasants in underdeveloped village.Therefore,the emphasis should be varied on homestead exit upon village economy and it is necessary to reinforce homestead exit promotion at improving immigrants＇ reception work,social security,employment,and education.

Does Industry-University-Research Cooperation Matter? An Analysis of Its Coupling Effect on Regional Innovation and Economic Development

The dislocation between regional innovation and economic development directly influences the economic effect of regional innovation. However, no in-depth researches have been made on how to solve this problem. Using data from Henan Province, China,employing geographical detector technology, this paper focuses on testing whether the industry-university-research cooperation can contribute to coordinating the relation between regional innovation and economic development. It is shown that: 1) the industry-universityresearch cooperation in Henan Province is increasing gradually, and the network presents a core-edge structure, and the coupling degree between regional innovation and economic development is spatially unbalanced, which is similar to the spatial distribution of the intensity of industry-university-research cooperation;2) as an important approach to effectively connect scientific researches with market demands, the industry-university-research cooperation can help form an interactive, interconnected, coupled and coordinated virtuous relation between regional innovation and economic development. Compared with the cooperation between organizations of the same type and the separate innovation of organizations, the improvement of the industry-university-research cooperation level can better coordinate the relation between regional innovation and economic development;3) the cooperative innovation model between enterprises and universities can better promote the coupling between regional innovation and economic development, compared with many industryuniversity-research cooperation models. For underdeveloped areas lacking local knowledge base, industry-university-research cooperation should be considered as a long-term development strategy, especially using the knowledge sources of external universities and scientific research institutions to enhance innovation capability and achieve economic growth.

Structural Transformation,TFP and High-Quality Development

In this paper,we performed an empirical study on the TFP effect of structural transformation based on panel data of economic growth in 169 countries across the world.Our findings are threefold:First,structural transformation has an inverted U-shaped effect on TFP.When the degree of structural transformation is on the left side of the inflection point,structural transformation is conducive to softening industrial structure and inducing TFP;when the degree of structural transformation is on the right side of the inflection point,structural transformation will induce industrial hollowing out and inhibit TFP.Second,since the reform and opening up program was launched in 1978,China’s structural transformation has evolved from the stage of adaptation to the stage of strategic adjustment with an increasingly evident trend towards a service-based economy,but structural transformation remains on the left side of the inflection point of the inverted U-shaped curve,i.e.the TFP effect of structural transformation is positive.Third,TFP improvement lies at the heart of high-quality development.In pursuing high-quality development,China should lower growth rate expectations,attach greater importance to supply-side structural reforms,and accelerate structural transformation to promote TFP improvement.

Strategies to Promote Sustainable Development of Industrial Parks in Vietnam＇s Northern Key Economic Zone

Industrial Parks （IPs） in the Northern Key Economic Zone of Vietnam （NKEZ） have been making significant contributions to the development of the zone since the first two industrial parks--Noi Bai in Hanoi and Nomura in Hal Phong--were established 15 years ago. So far, there have been 51 IPs in the zone, covering a total area of 13,000 ha. Such IPs play a crucial role in mobilizing capital from domestic and international investors for investments in infrastructure enhancement, trade and production aimed at promoting the economic structure transition. However, besides the above benefits, there are a number of unstable factors preventing further development of the IPs. Thus, the objectives of this study are two-fold. The first is to analyze the unstable factors, and the second is to map out strategies to enhance sustainable development of industrial parks in Vietnam＇s northern key economic zone.

Study on the Impact of Beijing-Shanghai Highspeed Railway on Highquality Economic and Social Development

Based on the new development concept in China's new stage of high-quality development,this paper qualitatively analyzes the impact of Beijing-Shanghai Highspeed Railway(HSR)on high-quality economic and social development.We select the data of areas along Beijing-Shanghai HSR and adjacent unopened areas for quantitative comparative study,and summarize the important demonstration and enlightenment role of Beijing-Shanghai HSR.The results show that Beijing-Shanghai HSR,as an important national infrastructure project,not only improves the travel quality of people,but also drives the high-quality economic and social development,which is of great significance in promoting the formation of a new pattern of high-quality development along the line,especially in promoting green development.

China's pension finance under the background of digital transformation Research on promoting high-quality economic developmen

Under the background of digital transformation,the development of pension finance in China is of great significance to promote high-quality economic development.At present,the chaos of the pension market and the underdevelopment of pension finance not only lead to the low efficiency ofresource utilization,but also increase the pressure ofpension risk and social security.The development of pension finance can be said to be more than one stroke,especially in the context that China's economy is currently in the context of transformation and upgrading that requires high-quality development.This paper deeply studies the development path of pension finance and its role in promoting high-quality economic development under the background of digital transformation.The research results show that by constructing a digital pension financial service platform,promoting the deep integration of pension finance and capital market,strengthening risk management and supervision,promoting international development,and improving relevant systems and laws and regulations,we can optimize the allocation ofresources,promote innovation,promote consumption upgrading,and provide solid financial support for high-quality economic development.Therefore,strengthening the development ofpension finance under the background of digital transformation has important practical significance for promoting the high-quality development of China's economy.

Industry Interaction,Structure Transformation and High-Quality Economic Development in China

Industry interaction is becoming an important approach to promoting highquality economic development.In this paper,the multi-sector general equilibrium model is developed to clarify the theoretical mechanism among industry interaction,structure transformation,and high-quality economic development;the empirical tests are carried out based on the provincial panel data from 2000 to 2017;and the empowerment paths for digital technologies are explored to drive high-quality economic development.The findings are as follows.(1)The industry interaction can promote high-qualityy economic development in China on the whole,but it shows a significant imbalance and a healthy two-way promotion mode have not been formed.(2)The impact of industry interaction on high-quality economic development is significantly heterogeneous at the sector and regional levels.(3)The current unhealthy industry interaction may widen the productivity gap between manufacturing and service sectors,and transform China's economic into service-oriented structure,thus leading the economic development to a vicious circle of“low efficiency to low-end servitization and further to lower efficiency”and hindering the sustainability of high-quality economic development:.(4)Digitaltlechnologies can break the development dilemma and achieve high-quality economic development by alleviating structural contradictions,boosting healthy industry interaction,and narrowing the productivity gap among sectors.The conclusions provide empirical evidence for the government to promote the integration of advanced manufacturing and modern service sectors and achieve highquality economic development.

How Digital Economy Affects High-Quality Economic Development:Based on International Comparison

This paper estimates the size of the digital economy in 38 countries between 2005 and 2018 and conducts an empirical study on this foundation.The results show that the digital economy has a significant role in promoting highquality economic development,primarily through industrial digitalizaion.Further research shows regional heterogeneity in the impact of the digital economy,which is greater in developed countries.Analysis of the underlying mechanisms shows that the digital economy promotes high-quality economic development in both developed and developing countries by improving technological eficiency and technological progress.However,the effect of technological progress in developing countries is clearly weaker than that in developed countries.In addition,scale efficiency in developing countries are not strengthened by the digital economy.Therefore,high-quality economic development requires the digital transformation of traditional industries and promoting their integration with digital technologies.

Scientific and Technological Innovation,Industrial Structure Upgrading,and High-Quality Economic Development

Scientific and technological(S&T)innovation and industrial structure upgrading have become two strategies to achieve high-quality economic development under the new pattern of development in China.Exploring the mechanism through which the former two affect the latter is of great significance to realize high-quality economic development and socialist modernization.Based on panel data of 30 provinces(municipalities,autonomous regions)from 2008 to 2017,this paper adopts the simultaneous equation model to empirically investigate the effect of S&T innovation and industrial structure upgrading on high-quality economic development.The study reveals that S&T innovation can significantly promote industrial structure upgrading and high-quality economic development,while industrial structure upgrading imposes a significantly negative effect on high-quality economic development.However,S&T innovation can offset such a negative effect and promote high-quality development indirectly.S&T innovation influences high-quality development in a dual path.To be specific,the former produces both a direct influence on the latter,but also an indirect influence through industrial structure upgrading.

Government Investment and High-Quality Economic Development——Measurement and Analysis Based on Input-Output Method

Analysis of how government investment promotes economic development and employment is important for improving government’s decision-making and promoting high-quality economic development in western China.In this paper,the authors take Xinjiang as an example to conduct such an analysis.Firstly,based on the competitive input-output table of Xinjiang,the non-competitive input-output tables of 2007,2012 and 2015 are compiled in this paper.Secondly,the contribution of Xinjiang government investment,especially the major government investment projects,to the valueadded of Xinjiang,other provinces and cities in China and abroad are calculated.Thirdly,this paper uses the non-competitive input-output table to compile the sectoral employment vector,and uses the input-occupancy-output technique to measure how government investment promotes employment.The results show that Xinjiang government investment contributes the most to the value-added of Xinjiang and other provinces and cities,but less to foreign countries;the government investment create the most job opportunities in projects including transportation projects and livelihood projects etc.

Exploring the Path of High-Quality Economic Development in a Double Circulation Pattern

Since the start of the reform and opening up in 1978 China's economy has grown rapidly,but the quality of development is relatively low.With the transformation of the principal social contradiction,lowquality development cannot respond to the needs of this situation.The central authorities proposed a new development pattern whereby domestic circulation and international circulation can boost each other,with domestic circulation as the mainstay.In the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China(CPC),the CPC Central Committee stressed that we should promote high-quality development as the theme to meet the growing needs of people for a better life.To solve the problem of inconsistent economic growth rate and quality of development,this paper starts by adjusting the relationship between domestic circulation and international circulation with domestic circulation as the mainstay,discusses how to create conditions for consumption upgrading and industrial upgrading from both supply and demand ends,and expounds on how to use international circulation to promote domestic circulation and better bring in international forces,so as to explore how to achieve high-quality economic development under the double-circulation pattern.Besides,the paper puts forward corresponding countermeasure suggestions.