In the current economic landscape characterized by a decelerating domestic economy,rising investments,and an extended project construction timeline,power generation enterprises must enhance their internal audit effort...In the current economic landscape characterized by a decelerating domestic economy,rising investments,and an extended project construction timeline,power generation enterprises must enhance their internal audit efforts to sustain their competitive edge in business development.Addressing systemic shortcomings methodically and practically can enhance the internal audit effectiveness within electric power enterprises and contribute to the steady enhancement of their production and operation performance.展开更多
The Chinese economy has achieved remarkable development over the past 40 years of reform and opening-up.However,with the narrowing of potential for efficiency improvement from resources reallocation and changes in pop...The Chinese economy has achieved remarkable development over the past 40 years of reform and opening-up.However,with the narrowing of potential for efficiency improvement from resources reallocation and changes in population age structure,the Chinese economy has moved from high-speed growth to high-quality development.In this setting,understanding factor endowment and comparative advantages of the economy from a perspective of human capital structure so as to enhance industrial structure adaptability by riding the trend is of significance for cultivating new driving force for economic development.This paper,following a theoretical paradigm of new structural economics,demonstrates how human capital structure matches industrial structure and the presence of optimal human capital structure using mathematical deduction.On this basis,national level panel data and instrumental variables are adopted for generalized method of moments,the results of which shows that there are varied impacts on economic growth in light of different human capital structure characteristics.The proportions of high-level human capital and medium-level human capital boost economic development,while that of low-level human capital has an inhibitory effect on economic growth.The policy implication of this study is that large economies should diversify efforts as per different human capital structure characteristics in terms of development need of tapping growth impetus from human capital structure improvement.It is of equal importance to raise the proportion of high and medium human capital in order to stimulate economic growth and to cut the proportion of low human capital that hinders economic development.展开更多
Based on the precautionary theory,this paper established a framework for consumption of migrant workers from the perspective of the uncertainty risk,and analyzed the effects of uncertain income risk on consumption of ...Based on the precautionary theory,this paper established a framework for consumption of migrant workers from the perspective of the uncertainty risk,and analyzed the effects of uncertain income risk on consumption of migrant workers using the quantile regression method.Results indicated that the income uncertainty significantly inhibits the consumption of migrant workers. The lower the consumption level or the lower the income level,the stronger the inhibitory effect will be. Uncertainty of expenditure also has a significant inhibitory effect on the consumption of migrant workers. Promoting urbanization of migrant workers and accelerating the reform of the household registration system can reduce the uncertainty risks faced by migrant workers,so as to raise the consumption expectation of migrant workers,release the consumption potential of migrant workers,and improve the living standards of migrant workers.展开更多
This paper attempts to explain the "new normal" of China's economic development put forward by XI Jinping, the General Secretary of the Central Committee of the Communist Party of China, from three persp...This paper attempts to explain the "new normal" of China's economic development put forward by XI Jinping, the General Secretary of the Central Committee of the Communist Party of China, from three perspectives. First, as the new normal is a natural phase of long-term development in the country's renaissance, recognition of it helps policy-making to hold a historical perspective and maintain a patience in the face of growth slowdown. Second, the new normal as the logic of China's economic development underlines the necessity and urgency of transforming growth patterns and growth drivers. Third, different from the "new mediocre" of the world economy, the new normal reveals great potentials of sustainable growth of the Chinese economy that must be tapped through structural reforms.展开更多
This paper analyzes the three big impact in the development of Chinese banking industry and discusses the limitations of financial innovation of Chinese banking industry.The results showed that:(1)deepening the bankin...This paper analyzes the three big impact in the development of Chinese banking industry and discusses the limitations of financial innovation of Chinese banking industry.The results showed that:(1)deepening the banking system innovation to adapt to the new situation;(2)improving customers’experience by deepening model innovation of the internet financial;(3)improving intensive of bank branch operation and the intelligent of network service with the aid of informatization;(4)Providing individualized,characteristic and differentiated services for high-quality customers of banks and enhancing customer value through lightweight network outlets;and(5)Adapting to the development of new entity economy by comprehensive management,optimizing the operation mode of outlets,and strengthening the supply side reform of commercial banks themselves.展开更多
Economics is a science that studies how the economy grows,so the theory of economic growth is the most important theory of economics.In the real market economy society,people achieve the goal of economic growth throug...Economics is a science that studies how the economy grows,so the theory of economic growth is the most important theory of economics.In the real market economy society,people achieve the goal of economic growth through two kinds of economic activities:production and transaction.Then a correct economic growth theory must be one that can explain both production and transaction economic activities.Just like Newton’s law of universal gravitation in physics,it can explain the motion law of all objects.For a long time,we have been dominated by the western economic growth theory of western mainstream economics.It is not difficult to find that it has a fatal defect,which can only explain production economic activities but not transaction economic activities.So it can’t explain the Chinese economy,and it can’t explain the western economy.The new economic growth theory proposed in this paper makes up for the defects of western economic growth theory,and it is the terminator of western economic growth theory.This is a revolution of new economics to traditional western economics.展开更多
Great achievements were made in the 12th Five-Year Plan period (2011-2015) in such areas as economic growth, living standards, industrial restructuring, innovation- driven growth, new-type urbanization and ecologica...Great achievements were made in the 12th Five-Year Plan period (2011-2015) in such areas as economic growth, living standards, industrial restructuring, innovation- driven growth, new-type urbanization and ecological civilization, trade and investment, and reform. These achievements have paved the way for China to enhance the quality and efficiency of growth in the new normal. China's future growth prospects are highly correlated with the 13th Five-Year Plan (2016-2020). For the 13th Five-Year Plan period, China is committed to maintaining an annual growth rate of no less than 6.5%, which is both necessary for China to build an all-round, well-off society before 2020 and consistent with the characteristics of China's current economic development stage. Meanwhile, efforts must be made to give prominence to consumption, investment, and export as drivers of growth while continuing to improve labor and capital input and efficiency which is vital to mid- and long- term economic development.展开更多
The Central Economic Working Conference proposed supplyside structural reforms which can be regarded as major innovations and necessary measures that adapt to and lead the new normal of economic development. The 13^(t...The Central Economic Working Conference proposed supplyside structural reforms which can be regarded as major innovations and necessary measures that adapt to and lead the new normal of economic development. The 13^(th) Five Year Plan is a critical period for the transformation of economic development patterns and economic restructuring, so clarifying the theoretical values and practical significances of the supply-side structural reforms, making a clear explanation of the scientific connotations and policy implications of these reforms from a scientific standpoint, and discussing concrete measures to promote the reforms against the background of the economic new normal not only has academic values but also has important practical implications. Viewed from the practical standpoint of China' s new normal and through analyzing the basic national conditions, this article proposes a roadmap for implementing the proposed reforms and points out that only by doing well in the hybrid operation of "addition, subtraction, multiplication and division", based on the framework of the "five policy pillars", an innovative path of the supply-side structural reforms with Chinese characteristics can be paved.展开更多
It was approved by the State Council in1984 to establish economic andtechnological development zones in 14coastal port cities to function as windows forthose cities to attract foreign investment,introduce advanced tec...It was approved by the State Council in1984 to establish economic andtechnological development zones in 14coastal port cities to function as windows forthose cities to attract foreign investment,introduce advanced technology andmanagement methods and expand the export-oriented economy. Since 1992, 18 otherdevelopment zones have been approved bythe Council, increasing the number of suchzones to 32.展开更多
Under the new normal economy, the scale of logistics in China has continued to expand, and the logistics operating environment has also been significantly improved, but there are still some development difficulties. O...Under the new normal economy, the scale of logistics in China has continued to expand, and the logistics operating environment has also been significantly improved, but there are still some development difficulties. On the basis of analyzing the characteristics and predicaments of logistics development, this article points out the opportunities for development, and puts forward that China's logistics companies should adapt to changes in the economic environment, take the initiative to carry out technological innovation, model innovation and cultural innovation, and oromote the healthy and sustainable develonment oflogistics enterprises.展开更多
In 2010, China entered the advanced stage of industrialization, which coincided with the country's entry into a new stage of economic growth. However, this transition is associated with major risks, including adaptin...In 2010, China entered the advanced stage of industrialization, which coincided with the country's entry into a new stage of economic growth. However, this transition is associated with major risks, including adapting to decelerating economic growth. While recognizing the move toward a service-based economy, China must seek to prevent the risk of "manufacturing hollowing out. "' It must also avoid the "technology upgrade trap" while taking advantage of increasingly sophisticated industrial structures. Efforts must also be made to: (1) promote the integration of lT tools and meet risks arising from the New Industrial Revolution; (2) resolve liability risks arising from capacity reduction; and (3) expedite the transition to a functional industrial policy and prevent the failure of a functional industrial policy. In climbing up the global value chain, China must confront the competitive pressures from advanced and emerging economies on both high- and low-end processes of the global value chain.展开更多
文摘In the current economic landscape characterized by a decelerating domestic economy,rising investments,and an extended project construction timeline,power generation enterprises must enhance their internal audit efforts to sustain their competitive edge in business development.Addressing systemic shortcomings methodically and practically can enhance the internal audit effectiveness within electric power enterprises and contribute to the steady enhancement of their production and operation performance.
文摘The Chinese economy has achieved remarkable development over the past 40 years of reform and opening-up.However,with the narrowing of potential for efficiency improvement from resources reallocation and changes in population age structure,the Chinese economy has moved from high-speed growth to high-quality development.In this setting,understanding factor endowment and comparative advantages of the economy from a perspective of human capital structure so as to enhance industrial structure adaptability by riding the trend is of significance for cultivating new driving force for economic development.This paper,following a theoretical paradigm of new structural economics,demonstrates how human capital structure matches industrial structure and the presence of optimal human capital structure using mathematical deduction.On this basis,national level panel data and instrumental variables are adopted for generalized method of moments,the results of which shows that there are varied impacts on economic growth in light of different human capital structure characteristics.The proportions of high-level human capital and medium-level human capital boost economic development,while that of low-level human capital has an inhibitory effect on economic growth.The policy implication of this study is that large economies should diversify efforts as per different human capital structure characteristics in terms of development need of tapping growth impetus from human capital structure improvement.It is of equal importance to raise the proportion of high and medium human capital in order to stimulate economic growth and to cut the proportion of low human capital that hinders economic development.
基金Supported by Fundamental Research Funds for the Central Universities in 2012(2012QT025)Doctoral Dissertation Scholarship Program of China Institute for Rural Studies,Tsinghua University"Study on Food Consumption Level and Structure of Migrant Workers in the Process of Urbanization"(201524)
文摘Based on the precautionary theory,this paper established a framework for consumption of migrant workers from the perspective of the uncertainty risk,and analyzed the effects of uncertain income risk on consumption of migrant workers using the quantile regression method.Results indicated that the income uncertainty significantly inhibits the consumption of migrant workers. The lower the consumption level or the lower the income level,the stronger the inhibitory effect will be. Uncertainty of expenditure also has a significant inhibitory effect on the consumption of migrant workers. Promoting urbanization of migrant workers and accelerating the reform of the household registration system can reduce the uncertainty risks faced by migrant workers,so as to raise the consumption expectation of migrant workers,release the consumption potential of migrant workers,and improve the living standards of migrant workers.
文摘This paper attempts to explain the "new normal" of China's economic development put forward by XI Jinping, the General Secretary of the Central Committee of the Communist Party of China, from three perspectives. First, as the new normal is a natural phase of long-term development in the country's renaissance, recognition of it helps policy-making to hold a historical perspective and maintain a patience in the face of growth slowdown. Second, the new normal as the logic of China's economic development underlines the necessity and urgency of transforming growth patterns and growth drivers. Third, different from the "new mediocre" of the world economy, the new normal reveals great potentials of sustainable growth of the Chinese economy that must be tapped through structural reforms.
文摘This paper analyzes the three big impact in the development of Chinese banking industry and discusses the limitations of financial innovation of Chinese banking industry.The results showed that:(1)deepening the banking system innovation to adapt to the new situation;(2)improving customers’experience by deepening model innovation of the internet financial;(3)improving intensive of bank branch operation and the intelligent of network service with the aid of informatization;(4)Providing individualized,characteristic and differentiated services for high-quality customers of banks and enhancing customer value through lightweight network outlets;and(5)Adapting to the development of new entity economy by comprehensive management,optimizing the operation mode of outlets,and strengthening the supply side reform of commercial banks themselves.
文摘Economics is a science that studies how the economy grows,so the theory of economic growth is the most important theory of economics.In the real market economy society,people achieve the goal of economic growth through two kinds of economic activities:production and transaction.Then a correct economic growth theory must be one that can explain both production and transaction economic activities.Just like Newton’s law of universal gravitation in physics,it can explain the motion law of all objects.For a long time,we have been dominated by the western economic growth theory of western mainstream economics.It is not difficult to find that it has a fatal defect,which can only explain production economic activities but not transaction economic activities.So it can’t explain the Chinese economy,and it can’t explain the western economy.The new economic growth theory proposed in this paper makes up for the defects of western economic growth theory,and it is the terminator of western economic growth theory.This is a revolution of new economics to traditional western economics.
文摘Great achievements were made in the 12th Five-Year Plan period (2011-2015) in such areas as economic growth, living standards, industrial restructuring, innovation- driven growth, new-type urbanization and ecological civilization, trade and investment, and reform. These achievements have paved the way for China to enhance the quality and efficiency of growth in the new normal. China's future growth prospects are highly correlated with the 13th Five-Year Plan (2016-2020). For the 13th Five-Year Plan period, China is committed to maintaining an annual growth rate of no less than 6.5%, which is both necessary for China to build an all-round, well-off society before 2020 and consistent with the characteristics of China's current economic development stage. Meanwhile, efforts must be made to give prominence to consumption, investment, and export as drivers of growth while continuing to improve labor and capital input and efficiency which is vital to mid- and long- term economic development.
文摘The Central Economic Working Conference proposed supplyside structural reforms which can be regarded as major innovations and necessary measures that adapt to and lead the new normal of economic development. The 13^(th) Five Year Plan is a critical period for the transformation of economic development patterns and economic restructuring, so clarifying the theoretical values and practical significances of the supply-side structural reforms, making a clear explanation of the scientific connotations and policy implications of these reforms from a scientific standpoint, and discussing concrete measures to promote the reforms against the background of the economic new normal not only has academic values but also has important practical implications. Viewed from the practical standpoint of China' s new normal and through analyzing the basic national conditions, this article proposes a roadmap for implementing the proposed reforms and points out that only by doing well in the hybrid operation of "addition, subtraction, multiplication and division", based on the framework of the "five policy pillars", an innovative path of the supply-side structural reforms with Chinese characteristics can be paved.
文摘It was approved by the State Council in1984 to establish economic andtechnological development zones in 14coastal port cities to function as windows forthose cities to attract foreign investment,introduce advanced technology andmanagement methods and expand the export-oriented economy. Since 1992, 18 otherdevelopment zones have been approved bythe Council, increasing the number of suchzones to 32.
文摘Under the new normal economy, the scale of logistics in China has continued to expand, and the logistics operating environment has also been significantly improved, but there are still some development difficulties. On the basis of analyzing the characteristics and predicaments of logistics development, this article points out the opportunities for development, and puts forward that China's logistics companies should adapt to changes in the economic environment, take the initiative to carry out technological innovation, model innovation and cultural innovation, and oromote the healthy and sustainable develonment oflogistics enterprises.
文摘In 2010, China entered the advanced stage of industrialization, which coincided with the country's entry into a new stage of economic growth. However, this transition is associated with major risks, including adapting to decelerating economic growth. While recognizing the move toward a service-based economy, China must seek to prevent the risk of "manufacturing hollowing out. "' It must also avoid the "technology upgrade trap" while taking advantage of increasingly sophisticated industrial structures. Efforts must also be made to: (1) promote the integration of lT tools and meet risks arising from the New Industrial Revolution; (2) resolve liability risks arising from capacity reduction; and (3) expedite the transition to a functional industrial policy and prevent the failure of a functional industrial policy. In climbing up the global value chain, China must confront the competitive pressures from advanced and emerging economies on both high- and low-end processes of the global value chain.