Effects of urbanization and forest type on species composition and diversity,forest characteristics,biomass carbon sink,and their associations in Changchun,Northeast China:implications for urban carbon stock improvement

Differences in forest attributes and carbon sequestration of each organ and layer between broadleaved and conifer forests of central and outer urban areas are not well-defined,hindering the precise management of urban forests and improvement of function.To clarify the effect of two forest types with different urbanization intensities,we determined differences in vegetation composition and diversity,structural traits,and carbon stocks of 152 plots(20 m×20 m)in urban park forests in Changchun,which had the largest green quantity and carbon density effectiveness.We found that 1.1-fold thicker and healthier trees,and 1.6-to 2.0-fold higher,healthier,denser,and more various shrubs but with sparser trees and herbs occurred in the central urban forests(p<0.05)than in the outer forests.The conifer forests exhibited 30–70%obviously higher tree aboveground carbon sequestration(including stem and leaf)and 20%bigger trees,especially in the outer forests(p<0.05).In contrast,1.1-to 1.5-fold higher branch stocks,healthier and more diverse trees were found in broadleaved forests of both the inner and outer forests(p<0.05).Plant size and dominant species had similarly important roles in carbon stock improvement,especially big-sized woody plants and Pinus tabuliformis.In addition,a higher number of deciduous or needle species positively affected the broadleaved forest of the central urban area and conifer forest of the outer urban area,respectively.These findings can be used to guide precise management and accelerate the improvement of urban carbon function in Northeast China in the future.

Examining the Spatiotemporal Dynamics and Determinants of Land Urbanization in Prefecture-level Cities,China

Examining the spatiotemporal dynamics and determinants of land urbanization is critical for promoting healthy urban development and the rational use of land resources.Based on the dataset consisting of land use change data and selected factors in 2010 and2020,this study used visual analysis to reveal the spatiotemporal dynamics of land urbanization across prefecture-level cities in China.Meanwhile,the driving forces underlying land urbanization were examined by using geographical detector technique.Following are the findings:1)we find that there exist notable spatial variances in land urbanization across prefecture-level cities.Currently,the differentiation in land urbanization between the northern and southern cities is more pronounced than that between the coastal and inland cities,or between the eastern and western cities.Prefecture-level cities located in central and western China have experienced the most rapid growth in land urbanization.Conversely,the growth rate in northeastern China is the lowest,while the velocity in eastern China remains relatively stable.By using spatial autocorrelation analysis,this study reveals that the land urbanization level in prefecture-level cities has significant spatial agglomeration.2)We further find that land urbanization in China is influenced by factors related to urban land supply and demand,and urban population growth,economic growth,land financial and political incentive have greater impact on land urbanization than other factors.3)We also find that the impacts of determinants on China’s land urbanization vary over time,the explanatory power of economic development increased,while the explanatory power of state forces declined.We argue that integrating the supply and demand factors of land urbanization can provide a more comprehensive understanding of the driving mechanisms underlying land urbanization in China and other transitional countries,and help decision-makers in these countries formulate more detailed and specific land urbanization policies.

Spatio-temporal Evolution Characteristics and Driving Forces of Winter Urban Heat Island:A Case Study of Rapid Urbanization Area of Fuzhou City,China

Under the influence of anthropogenic and climate change,the problems caused by urban heat island(UHI)has become increasingly prominent.In order to promote urban sustainable development and improve the quality of human settlements,it is significant for exploring the evolution characteristics of urban thermal environment and analyzing its driving forces.Taking the Landsat series images as the basic data sources,the winter land surface temperature(LST)of the rapid urbanization area of Fuzhou City in China was quantitatively retrieved from 2001 to 2021.Combing comprehensively the standard deviation ellipse model,profile analysis and GeoDetector model,the spatio-temporal evolution characteristics and influencing factors of the winter urban thermal environment were systematically analyzed.The results showed that the winter LST presented an increasing trend in the study area during 2001–2021,and the winter LST of the central urban regions was significantly higher than the suburbs.There was a strong UHI effect from 2001 to 2021with an expansion trend from the central urban regions to the suburbs and coastal areas in space scale.The LST of green lands and wetlands are significantly lower than croplands,artificial surface and unvegetated lands.Vegetation and water bodies had a significant mitigation effect on UHI,especially in the micro-scale.The winter UHI had been jointly driven by the underlying surface and socio-economic factors in a nonlinear or two-factor interactive enhancement mode,and socio-economic factors had played a leading role.This research could provide data support and decision-making references for rationally planning urban layout and promoting sustainable urban development.

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.

Synergistic dance of digital economy and green finance on carbon emissions:Insights from China

China has recently implemented a dual-carbon strategy to combat climate change and other environmental issues and is committed to modernizing it sustainably.This paper supports these goals and explores how the digital economy and green finance intersect and impact carbon emissions.Using panel data from 30 Chinese provinces over the period 2011-2021,this paper finds that the digital economy and green finance can together reduce carbon emissions,and conducts several robustness tests supporting this conclusion.A heterogeneity analysis shows that these synergistic effects are more important in regions with low levels of social consumption Meanwhile,in the spatial dimension,the synergistic effect of the local digital economy and green finance adversely impacts the level of carbon emissions in surrounding areas.The findings of this paper provide insights for policymakers in guiding capital flow and implementing carbon-reduction policies while fostering the growth of China’s digital economy and environmental sustainability.

Impact of air pollution on urbanization:evidence at China’s city level

This paper investigates the effect and transmission mechanism of air pollution on urbanization based on data from China’s 107 cities during 2005–2018.In order to identify the impact of air pollution on China’s urbanization,we utilized night light data to represent the level of urbanization and used temperature inversion as an instrumental variable to mitigate endogeneity within the two-stage least squares framework.The results suggest that air pollution significantly slowed China’s urbanization process with economic growth acting as the transmission mechanism.The heterogeneity analyses revealed that air pollution had a greater negative impact on urbanization in northern regions than that in southern regions,and a greater negative impact in resource-oriented cities than that in non-resource-based cities.We also find that air pollution was to the detriment of urbanization in larger cities,which have more than 3 million residents,while it did not have a significant impact on Type II large cities,which have fewer than 3 million residents.

Research on the Digital Economy's Impact on China's Economic Growth:Based on the Variations in Urbanization Levels Across China's Eastern,Central,and Western Regions and Sectoral Heterogeneity

This paper uses inter-provincial panel data from 2011 to 2017,a linear regression model,and a threshold model to conduct empirical analyses of the impact of the digital economy on China's overall economic growth and the three main sectors of industry.The paper then investigates the impact and effects the digital economy has had on the economic growth of the three main sectors of industry in China's eastern,central,and western regions.Finally,the paper investigates the most significant differences among the various regions and the threshold effects of urbanization levels on the relationship between the digital economy and economic growth.The findings indicate a significantly positive correlation between the digital economy and regional economic growth.Moreover,geographical factors notably influence this correlation.The digital economy exerts a positive effect on all sectors of industry.It may not substantially impact industrial development in regions with highly developed infrastructure.Regarding the other regions,the digital economy exhibits varying degrees of impact due to the differences in the specific indicators.The conclusion drawn by the threshold model is that the magnitude of the threshold effect correlates with geographic factors.No threshold effect was observed in the eastern region,while the threshold effect occurred in the central region when the urbanization levels for the provinces were below 0.6645.Similarly,the threshold effect was noted in the western region when the urbanization level was below 0.3931.Considering all of this,the study also offers policy recommendations that will help balance the regional development of digital economies,accelerate the digital transformation of traditional industries,enhance digital infrastructure construction,refine the formulation and implementation of data policy,and establish relevant incentive mechanisms.

The Implications of Urbanization Processes in Developed Countries for Africa

Urbanization is the inevitable path of national economic development,and the level of urbanization development in most African countries is still low.By analyzing five typical developed countries in the United States,Britain,France,Germany,and Japan,this paper discusses the promoting factors and problems of the rapid urbanization development in their specific years,as well as the experiences and lessons that Africa can learn,so as to prevent Africa from taking the detour in the urbanization process of Western developed countries and promote the balanced regional development of various African countries.

Local Climate Change Induced by Urbanization on a South China Sea Island

The South China Sea is a hotspot for regional climate research.Over the past 40 years,considerable improvement has been made in the development and utilization of the islands in the South China Sea,leading to a substantial change in the land-use of the islands.However,research on the impact of human development on the local climate of these islands is lacking.This study analyzed the characteristics of local climate changes on the islands in the South China Sea based on data from the Yongxing Island Observation Station and ERA5 re-analysis.Furthermore,the influence of urbanization on the local climate of the South China Sea islands was explored in this study.The findings revealed that the 10-year average temperature in Yongxing Island increased by approximately 1.11℃from 1961 to 2020,and the contribution of island development and urbanization to the local warming rate over 60 years was approximately 36.2%.The linear increasing trend of the annual hot days from 1961–2020 was approximately 14.84 days per decade.The diurnal temperature range exhibited an increasing trend of 0.05℃per decade,whereas the number of cold days decreased by 1.06days per decade.The rapid increase in construction on Yongxing Island from 2005 to 2021 led to a decrease in observed surface wind speed by 0.32 m s^(-1)per decade.Consequently,the number of days with strong winds decreased,whereas the number of days with weak winds increased.Additionally,relative humidity exhibited a rapid decline from 2001 to 2016 and then rebounded.The study also found substantial differences between the ERA5 re-analysis and observation data,particularly in wind speed and relative humidity,indicating that the use of re-analysis data for climate resource assessment and climate change evaluation on island areas may not be feasible.

Research on the Coordinated Development of Inclusive Finance and Financing for Small and Medium-sized Enterprises

As an important force in promoting economic and social development,small and medium-sized enterprises play a crucial role in enhancing China’s economic strength,creating employment opportunities,and promoting industrial structural transformation.However,due to their inherent weaknesses,small and medium-sized enterprises often face difficulties in financing within the traditional financial service system.This makes it difficult for small and medium-sized enterprises to inject vitality into the development of the market economy by expanding their financing scale.Since 2013,China has vigorously developed inclusive finance and extended the services of traditional financial institutions to small and medium-sized enterprises,providing policy guidance,resource support,and technical support to alleviate the financing difficulties of small and medium-sized enterprises.Based on this,this article focuses on the current financing problems faced by small and medium-sized enterprises and specifically elaborates on how to lower the financing threshold for small and medium-sized enterprises and broaden their financing channels through inclusive finance,in order to promote the development of inclusive finance and a virtuous cycle of financing for small and medium-sized enterprises.

The Macroeconomic Impact of Internet Finance

This paper investigates the macroeconomic impacts of Internet finance,highlighting its advantages and challenges.Internet finance,a fusion of Internet technology with traditional financial practices,introduces innovative models for global asset management,capital financing,payments,investments,and intermediary services.While it enhances the accessibility and efficiency of financial services,it also introduces new risks,such as higher credit default rates.This study explores how Internet finance contributes to financial inclusivity and macroeconomic growth yet poses potential threats to traditional financial stability.The dual aspects of Internet finance are analyzed:its application in existing processes and its capacity to generate novel business models.Furthermore,the paper proposes strategic responses to mitigate the negative impacts of Internet finance,mainly focusing on risk management and regulatory improvements to safeguard economic stability.

Green Finance Promotes High-Quality Development of Regional Economy

With the rapid development of the social economy,the role of green finance in promoting the high-quality development of regional economies is increasing day by day.The advancement of green finance not only aids in fostering the green transformation and upgrading of regional economies but also helps mitigate the risks of environmental damage stemming from traditional economic activities.In this new era,it is imperative to embrace the concept of green finance development and innovate green finance practices to further drive high-quality regional economic development.This paper will analyze the significance of green finance in regional economic development,assess the current state of green finance development,and propose optimization strategies for green finance to facilitate high-quality economic development.

Research on the Impact of Digital Finance on Energy Efficiency in China

Digital finance and green technology innovation(GTI)serve as powerful engines for promoting energy efficiency(EE)and economic development.This paper explores the mechanism by which digital finance impacts EE based on panel data from 30 provinces in China spanning from 2011 to 2019.The results demonstrate that digital finance can significantly enhance EE,with a particularly pronounced effect in the eastern region.Through mechanistic analysis,it is evident that GTI serves as the transmission pathway through which digital finance influences EE,accounting for 45.3%of the effect.The policy implication of this study suggests that China should expedite the digitization of financial markets to further harness the development of digital finance,particularly in pursuit of its technological innovation and green,lowcarbon environmental protection effects.

A Mechanism for Digital Finance to Drive Green and Low-Carbon Development

Given the global focus on green and low-carbon development and the increasing prominence of digital finance,it is particularly important to explore how to leverage digital finance to achieve these environmental goals.This study,through mechanism analysis,deeply examines how China’s digital finance promotes green and low-carbon development and elucidates the positive interaction between digital finance and the green industry.The study found that digital finance,through more flexible and efficient financial functions,alters the cost structure of carbon emissions,and reduces the risks and costs of green investments,thereby creating a cooperative green mechanism benefiting all parties,and guiding social groups toward a green and low-carbon transformation.Additionally,the rapid development of digital finance has strengthened the implementation of environmental protection policies,effectively promoted the expansion of the environmental protection industry,and established the green ethos as a mainstream concept in financial development.This study aims to provide reference perspectives and suggestions,assist policymakers in promoting the green and lowcarbon development of digital finance,and offer insights into the integrated development of digital finance and the green environmental protection industry.

The Logic of Digital Finance in the Age of Digital Economy

This paper explores the development logic,trends,and challenges of digital finance in the era of the digital economy.As a crucial component of the digital economy,digital finance has completely transformed the traditional financial services model through factors such as technological innovation,data intelligence,and personalized user experiences,paving the way for new business models and market opportunities.However,the rapid development of digital finance also faces challenges such as competition,security,and regulation.This paper emphasizes the importance of finding a balance between innovation and security in the development of digital finance and discusses the potential of digital finance in promoting financial inclusion and sustainable development.Through comprehensive analysis,this paper aims to provide valuable insights for academic researchers and industry practitioners,promoting the healthy development of digital finance.

Journal Introduction:China Finance Review International

Background The China Finance Review International is a flagship academic journal broadly covering the Chinese and international financial markets.The journal is founded by Antai College of Economics and Management at Shanghai Jiao Tong University,one of the top universities in Asia.The China Finance Review International aims to publish quality empirical and theoretical works on important financial and economic issues in the profession.We encourage ground-breaking research related to new and niche areas in finance,such as Fintech and cryptos,ESG,climate finance,and socially responsible investments.We welcome critiques of existing literature and comparative analysis between emerging markets and developed economies.

Lessons Africa Can Learn From China’s Experience in Urbanization

The rapid urbanization of Africa is facing a multitude of challenges.This paper analyzes the seven major issues currently plaguing African urbanization:regional development imbalances,the disconnect between urbanization and economic growth,increasing complexities in the urbanization process,the constraining effect of lagging agriculture,low quality of urbanization,lack of coordination between urbanization and modernization,and excessive population concentration in urban areas.To address these issues,Africa can draw valuable lessons from other countries,particularly from China’s experience in urban development.Since 1978,China has seen a rapid increase in its urbanization rate.The key to this success lies in policy orientation,labor force transition,prioritized regional development,and attracting foreign investment among other strategies.By learning from China’s experience,African countries can optimize agricultural modernization,strengthen the manufacturing sector,increase investment in infrastructure,and accelerate the process of digitization,thereby creating new opportunities for their urbanization process.This paper explores the rapidly developing urbanization process in Africa and the accompanying challenges.It also analyzes China’s experience in urbanization,offering insights and recommendations for Africa’s urban development.

Recent urbanization increases exposure to humid-heat extreme events over populated regions of China

目前对于高温的研究主要侧重于干热,针对湿热的研究相对较少,但它通常会造成更大的社会影响,尤其对人体健康的威胁.已有研究证实,当环境湿球温度超过35℃时,它会破坏人体正常生理代谢,进而威胁人体健康.本研究指出在过去四十年,中国区域日最高湿球温度几乎没有超过35℃,但部分地区日最高湿球温度超过了30℃,主要集中在中国的人口密集区,包括华东,华南和四川盆地等.进一步分析发现,中国区域近期的快速城市化加剧了极端湿热事件的社会影响,城市地区暴露于极端湿热事件的范围的增加速率明显大于其他地区,这也意味着快速城市化使得人口密集区暴露于极端湿热事件的风险明显增加.初步估算指出,自2000年以来,中国区域暴露于极端湿热事件的人口数以每年每天约3100人次的速率显著增加.

Rice vs.Wheat:How Rice Farming Shaped Informal Finance in China

China’s financial system is characterized by the coexistence of both formal and informal finance,and informal finance appears to be more prevalent in the south of the country compared to the north.In this paper,we use the historical demarcation of rice-farming regions and the percentage area of rice sown to ascertain the regional distribution of rice farming in the south and wheat farming in the north in order to analyze the role of rice farming in the evolution of different types of financial institutions in China.We find that rice cultivation has a positive effect on informal financial development,though its impact on formal finance is insignificant.Unlike wheat farming,rice cultivation requires farmers to collaborate during busy farming seasons and necessitates the construction of irrigation systems.Such collaboration helped enhance an acquaintance society,in which both parties to transactions enforced the rules and contract terms of their own initiative,paving the way for informal finance.This paper not only demonstrates the cultural roots of the regional financial disparities in China but also expands the research on the ways in which farming practices from the past have shaped the development of China’s present financial markets.

Variation in reproductive life-history traits of Chinese Bulbuls(Pycnonotus sinensis)along the urbanization gradient in Hangzhou,China

Urbanization brings new selection pressures to wildlife living in cities,and changes in the life-history traits of urban species can reflect their responses to such pressures.To date,most of the studies investigating the impacts of urbanization on avian life-history traits are conducted in Europe and North America,while such studies are often lacking in quickly developing countries in Asia(e.g.,China).In this study,we examined the variations in reproductive life-history traits of Chinese Bulbuls(Pycnonotus sinensis)along the urbanization gradient in Hangzhou,China.We detected 234 natural nests of Chinese Bulbuls and continuously monitored them in two continuous breeding seasons from 2012 to 2013.We collected data on seven life-history traits(laying date,incubation period,nestling period,clutch size,egg volume,hatching success rate,and fledging success rate).We used infrared cameras to record the number of feedings per hour as the measure of food resources for the nestlings.We measured nest predation pressure by monitoring 148 natural breeding nests during breeding seasons and 54 artificial nests immediately after breeding seasons.We then calculated the urbanization synthetic index(USI)as a measure of the level of urbanization and examined its relationship with the seven life-history traits.We found that Chinese Bulbuls laid eggs significantly earlier with increasing USI.However,the other six life-history traits did not vary significantly with the USI.Moreover,the feeding frequency of chicks increased significantly with the USI,but the nest predation pressure of Chinese Bulbuls decreased significantly with the USI.Increased food resources and reduced nest predation pressure in cities may lead to earlier laying date of Chinese Bulbuls.Further study should test whether the earlier laying date of Chinese Bulbuls is the result of phenotypic plasticity or genetic change.