Foreign Cooperation and Development Trends of the Russian Petroleum Industry and Prospects of Sino-Russian Cooperation in Oil and Gas

This article is focused on the analysis of the international cooperation of the Russian petroleum industry and its development trend. Also discussed here are the patterns that the foreign oil companies used in acquiring Russian petroleum assets, and the cooperation models of petroleum exploration and production in Russia. The Russian government encourages foreign oil companies to establish strategic alliances with domestic companies that keep good relations with the government. To achieve this goal, the government provides foreign companies with the space for cooperation in such aspects as advanced technology and management culture. International cooperation in petroleum industry will be further developed under the macro-control of the Russia State energy strategy. The energy cooperation between China and Russia will enter a new phase full of hopes and challenges after the past unfavorable situation is gradually overcome.

International Transferring Trend in Manufacturing Industry

This paper addressed the international transferring t endency of manufacturing industry one by one as follows: (1) The developed count ries realize manufacturing industry structure upgrade reling on worldwide tr ansference not only domestic transference. On one hand, the TNCs make cross-inv estments, transnational merger & acquisition so as to achieve the optimum colloc ation of R&D resources, and obtain innovation in knowledge and technology. On th e other hand, the developed countries transfer labor and resource intensive indu stry as well as the labor-intensive link of the production chain in highly tech nology industry to the developing countries, to make their industrial structure escalation. (2) The adjustment and upgrade of manufacturing industry presents "m ulti-step type". First, the object of international transference substitutes th e capital-intensive industry and maturing industry with complicate technique fo r the industry with labor-intensive, simple technique or higher pollution, or s ubstitutes non-core complex technological procedure and parts and components fo r assembly in manufacturing process. Secondly, technology transference forms "br ain-hand and foot" pattern, i.e. the developed countries are increasingly p aying more and more attention to the research and control of core technology, th us transferring simple technique and labor-intensive procedure in higher scienc e and technology. Thirdly, the developed countries begins to transfer both capit al and technology intensive production, as well as transfer certain procedures i n higher technology production process to a few developing countries, even t o transfer parts of R & D to developing countries. (3) TNCs promote the global m anufacturing network (GMN) by recombination and transfer. TNCs organize producti on, trade, technological research and transference through foreign direct invest ment (FDI) all over the world, as a result, GMN makes the national competence no longer depend on absolute occupation of certain industries, but on national com prehensive strength and comparative superiority. TNCs try to race to seize the h igher location of industrial value chain, only leaving the core technology and h igher value-added chains in mother countries, on the other hand, they transfer lower manufacturing power more and more to other countries. (4) TNCs transfer th eir domestic manufacturing bases abroad, China would become world- manufacturin g center. Chinese market is increasingly arousing foreign investor’s interest, " Made in China" will be a synonym of manufacturing industry in new century, subst ituting for "Made in U.S.", "Made in Japanese" and "Made in Europe". The Chinese manufacturing industry should hold tightly the opportunity to melt into the wor ldwide recombination and transfer and enter GMN, so as to accomplish leaping dev elopment.

Economic Valuation of River Conservation towards International Tourists’ Preferences and Willingness to Pay for Ecofriendly Services of Hotel Industry: A Case Study of Namxong River in Vangvieng District, Laos

Using choice experiment, the objective of this study is to estimate international tourists’ preferences and willingness to pay for ecofriendly services which related to river and natural environment conservation of hotel industry in Vangvieng, a popular tourist town in Lao PDR. We used the mixed logit to take into account of preference heterogeneity by allowing coefficients to be normally distributed and assumed to vary among individuals. The result shows that all ecofriendly practices offered in this study are significantly preferred by tourists. Income, age, and education did not have significant effect on the probability of choosing ecologically friendly practices of hotel and attributes to support the ecotourism of the area;however, this study provides important information that female tourists are more receptive to a new alternative. These findings do not only support the provision of good and green services in Vangvieng Town, but will also be useful for policy maker to enhance the sustainability of ecotourism in Laos.

Discussion on Industry Chain Financing Promoting International Competitiveness of China's Agriculture

Industry chain financing,also known as supply chain financing,is a kind of financial innovation in production and transaction emerging from the 1990 s. Recent years,industry chain financing has gradually permeated in agriculture. As one of the major agricultural countries in the world,China should still make great endeavor in satisfying domestic requirement of agricultural products and improving international competitiveness. Based on the empirical and feasible analysis of agricultural industry chain financing,this article emphasizes on the new mode of industry chain financing and puts forward some related policy suggestions to discuss how to quicken agricultural development with financial support as well as promote international competitiveness of China's agriculture.

Study on Connotations of Industry Park Leisure Culture in Kunming City: A Case Study of Dounan International Flower Industry Park

Taking Dounan International Flower Industry Park in Chenggong District for example, neighboring environment and other tourism resources are combined on the basis of the five planned functional areas(fl ower trade and expo area, comprehensive service and distribution area, post-harvest treatment and information service area, international fl ower research and exhibition area, international fl ower enterprise exhibition and supporting service area), and recreational functions designed to build it into a comprehensive industrial and recreational park with sightseeing, leisure, and science popularization functions. Integration and adjustment of leisure spaces in Dounan International Flower Industry Park focus on the following aspects: re-plan the layout of leisure spaces; industrial park promotes restructuring of leisure spaces; residential functions are transferred to new leisure spaces; commercial service industry promotes leisure spaces; government transforms its functions and expands functions of leisure spaces; new technology pushes forward the change of residents' leisure time structure, so as to improve leisure functions of Dounan International Flower Industry Park in an all-around way.

Measurement of International Competitiveness of Clothing Industry under the Background of Value Chain Reconstruction

Relying on cheap labor cost advantage,China is locked in the low-end processing link of the global value chain and obtains a lower profit share.With the deepening of the international division of labor,changes in the distribution of national interests and the spread of anti-globalization in some developed countries,the global value chain is undergoing a new round of large-scale reconstruction and emerging economies are trying to penetrate and extend to the high end of the global value chain.Based on the theory of industrial upgrading and global value chain,this paper focuses on the current development of Chinese apparel industry,the mechanism,development and problems of global value chain reconstruction,analyzes the relevant elements in the apparel industry value chain reconstruction,and proposes the application of data envelopment analysis(DEA)competitiveness model in the value chain reconstruction of apparel enterprises.We use the CCR(C2R)model to simulate the improvement of production efficiency.Finally,we put forward corresponding countermeasures and suggestions for the value chain reconstruction from the perspective of improving product competitiveness.

The impact of environmental regulations on international competitiveness of textile industry in China

A greater focus of environmental protection is directed toward environmental regulations in China. This paper focuses on environmental regulations and their impact on textile industry. The academic circle does not reach a consensus on the relationship between environmental regulations and international competitiveness. Some hold the view that environmental regulations lower international competitiveness while others think that environmental regulations improve both environment and economic performance. This paper aims to analyze the impact of the environmental regulations on the international competitiveness of textile industry in China. This study starts with theories relative to this subject; the second part, based on the impact mechanism of environmental regulations on competitiveness, analyzes the environmental impact on textile from the perspective of cost and market. The conceptual exploration comes to the conclusion that environmental regulations make a negative impact on the international competitiveness on the cost side and improve it by means ofinnovation and product differentiation on market side; the third part gives time series evidence to examine the impact. In this part the Pearson Correlation Analysis is conducted based on the data of China's textile industry of the period from 1991 to 2005. It turns out to prove that the negative environmental impact on cost side exceeds the positive environmental impact on market side, namely, environmental regulations deteriorate the international competitiveness in textile industry as a whole during the inspected period.

A Study on the Belt and Road Initiative and the Promotion of International Competitiveness of China's Culture Industry

China's pioneering the Belt and Road initiative not only provides a broad space for China's culture industry to enhance international competitiveness, but also puts forward a major project. It includes: optimize and integrate strategic resources through connectivity, cultivate export-oriented cultural enterprises to promote the main body of the industry, optimize the structure of cultural trade by expanding cultural services exports, and build win-win cooperation networks through the connections between Silk Road Cities. This will both contribute to the global distribution and resource allocation of China's culture industry, and benefit the construction of mutually beneficial and cooperative international culture industry communities, so the countries and people of the Belt and Road regions can share their cultural wealth.

Further Enhancing the International Competitiveness of China's Chemical Industry

Foreign-oriented Economy Entering a New Stage The Eighth Five-year Plan period saw the fastest development of the foreign-oriented economy in China’s chemical industry, with an accumulated import and export value of US$100 billion, including US$38.3 billion of exports. In 1996 the total import and export value reached US$30 billion, including US$12 billion of exports. Now, more than 300 chemical enterprises and institutes have obtained foreign

The Achievements of Participating International Standardization Activities Made by Chinese Electrotechnical Industry

Chinese electrotechnical industry includes power generation equipment, power transmission and distribution equipment, multi-purpose equipment, and basic electrical material. The industry has 46 national technical committees (TC) and sub-committees (SC), which mirrors to 70 TCs and SCs of International Electrotechnical Commission (IEC). During the past five years, leaded by Standardization Administration of China (SAC),China Electrical Equipment Industry Association (CEEIA) obtained many great achievements in promoting participation of international standardization activities by improving unified management and concentrating industrial strength:……

Review and Outlook of China Electronic and IT Industry Footprints in IEC International Standardization Activities

Year 2006 is the year marking the 100th anniversary of the founding of International Electrotechnical Commission (IEC). IEC is mainly engaged in the international standardization for electrical and electronic technology field aiming at promoting international trade and technology cooperation and exchange, improving product and service quality, upgrading productivity and protecting the environment as well as human health and safety. Most countries worldwide adopt standards developed and promulgated by IEC, providing a platform to international trade and technical exchange. China has being a member since 1957. Electronic and IT are the most developed and energetic filed in recent decades. Number of IEC TC/SC specialized in electronic and IT amounts up to 52.……

Development of International Education Industry in the Guangdong-Hong Kong-Macao Greater Bay Area

Building the Greater Bay Area city cluster is a crucial national development strategy for China.As a vital hub of the Belt and Road Initiative,the Greater Bay Area cannot cultivate into an“international first-class bay area and world-class city cluster”without technological innovation and rapid economic progress,and technological innovation and economic development cannot be attained without the training of high-end talents through international education.Thus,the development of an international education demonstration zone is essential in the formation and development of the Greater Bay Area and making it a highland for education and talent,as well as giving full play to the social function of education.As the core of the accumulation of educational resources in Guangdong,Hong Kong,and Macao,the current situation,future opportunities,and development path of international education development in the Greater Bay Area while building a world-class international education center have become the starting point of this study.

China Council for the Promotion of International Trade China Chamber of International Commerce CCPIT Sub-Council of Chemical Industry

The CCPIT Sub-council of Chemical Industry is a subsidiary of the China Council for the Promotion of International Trade and the China Chamber of International Commerce.

Industry return lead‑lag relationships between the US and other major countries

In this study,we analyze the lead-lag relationships between the US industry index and those of six other major countries from January 1973 to May 2021.We identify the leading role played by the US internationally by showing that the weekly returns of US industries,especially the US basic materials and energy industries,significantly Granger cause the returns of most other countries’industries,suggesting that non-US industries react with some delay to new information.This delayed reaction is even more notice-able during periods of recession in the US when cross-country correlations are higher.This implies that the ability of the lagged returns of US industries to predict industries’returns from other countries is even more pronounced when the US experienced an economic recession.A similar asymmetric relationship is found between the volatil-ity of US industries and that of industries in other markets.The analysis of causality in the distribution of returns and volatility shows that causality runs mainly from the US to other countries,particularly in the presence of extreme negative shocks.Finally,we demonstrate that our predictions are valuable to real-world investors.Long-short strategies generate sizable and statistically significant alphas,and a constant relative risk-averse investor obtains certainty equivalent returns well above the risk-free rate.