What Accounts for Rising Profitability of Chinese Industrial Enterprises?

Based on the latest data, this paper analyses the profitability status of Chinese enterprises and the reasons behind profitability. The authors hold that the profitability of Chinese industrial enterprises has improved significantly whilst the degree of monopolization and extent of entry barriers in the industrial sector has decreased. With the exception of a few resource and administrative monopolizing industries, the increasing profitability of Chinese enterprises indicates rising competitiveness. Improved management level, efficient assets operation, enhanced investment benefits and salary-transfer-profit are all contributing to the profitability of enterprises.

Chairman of the Nobel Prize Committee, Dr. Per Krusell, Welcomes Economists From the Chinese Academy of Social Sciences

On October 9, a delegation of Chinese academics led by Professor Jin Bei, Director of the Institute of Industrial Economics at the Chinese Academy of Social Sciences, traveled to Sweden as the guests of Stockholm University for one week, a trip that happened to coincide with the awarding of the Nobel prize in economics. On the afternoons of October 10th and October 12th, the delegation had the privilege to have two conversations with Per Krusell, Chairman of the Nobel Committee and a renowned professor at the Institute for International Economic Studies （lIES） at Stockholm University. Dr. Krusell, originally from Sweden, has taught at several of the world＇s leading universities, including Princeton University.

On the Nature of Commonweal

The purpose of economic activities boils down to improving people＇s commonweal （＂minsheng＂ in Chinese, which refers to people＇s welfare, well-being and livelihoods）. The more equal income distribution is, the higher the aggregate social utility will be. Hence, the ability to meet basic commonweal needs and rights is a symbol of a country＇s commonweal achievements and improvements. Commonweal goods are provided through businesses, nonprofit organizations and government institutions. The coexistence of these three types of organizations emphasize their respective strengths and overcome their weaknesses. No matter which organization provides any given commonweal good, there is no free lunch. It is an important question of choice as to under what conditions should public needs be replaced by government decisions （choices） and what are the consequent costs. After a country has built a basic material foundation to ensure public welfare, the satisfaction of commonweal needs will increasingly take on cultural elements. Hence, commonweal values are evolving. Supply and demand of commonweal goods and the material cost for commonweal satisfaction （happiness） are subject to substantial changes. Great commonweal achievements and improvements cannot only be ＂good deeds＂ that are of immediate benefit to the people. They should include the establishment of sound economic mechanisms supported by the people and that can deliver commonweal improvements on a sustained and extensive basis, as well as compatible social and political systems.

An Analysis of the Increase of CO2 Emissions in China： Based on an SDA technique

This paper creates an extended import-competitive economy-energy-environmental input/output model and employs a structural decomposition analysis （SDA） approach based on double-layer nested structural formulae to break down China＇s carbon dioxide emissions growth between 1992 and 2007from three perspectives： the overall economy, by-industry and by industrial sectors. Analysis results indicate that the energy intensity effect remains the biggest factor behind carbon emissions reduction. This paper also .found that between 2002 and 2007, China＇s carbon emissions growth obviously accelerated compared to the previous period, which indicates a ＂high carbon＂ tendency in the new round of industrialization. Therefore, in addition to developing a circular economy and clean production, accelerating the phasing out of backward capacities, and developing new energies, China should further encompass the positive role of energy intensity.

Internationalization of Chinese State-Owned Enterprises:Evolution and Characteristics

Introduction Since the initiation of reform and opening up policy in 1978,China’s state-owned enterprises(SOEs)have undergone progressive corporatization.In the meantime,they have expanded their business overseas,chiefly through reverse engineering and international exchanges.These actions have taken the form of Chinese-foreign joint ventures in China,to encourage outward foreign direct investment(OFDI),the execution of cross-border mergers and acquisitions(M&As),and the integration of global resources and technology and market resources.Reform promotes growth,and opening up fosters innovation.