This paper improves the estimation of firm-level total factor productivity(TFP)by considering energy use and including small-and medium-sized enterprises using data from the Chinese National Tax Survey Database(2008-2...This paper improves the estimation of firm-level total factor productivity(TFP)by considering energy use and including small-and medium-sized enterprises using data from the Chinese National Tax Survey Database(2008-2011).It analyzes the production efficiency of Chinese manufacturing firms using the improved TFP data and finds that(i)the TFP data frequently used in previous studies overestimated firms'real production efficiency;(i)the TFP of manufacturing firms decreased from 2008 to 2011 due to declines in both technical efficiency and allocation efficiency,(ii)the lower capacity utilization of production factors led to lower technical efficiency;and(iv)allocation efficiency decreased more in provinces and industries with higher shares of state-owned enterprises.The findings have policy implications for enhancing growth potential in the long run.展开更多
With China’s political season approaching,how is the economy performing?When China’s top lawmakers and political advisers convene their annual sessions in Beijing in March,the economy will be at the top of their age...With China’s political season approaching,how is the economy performing?When China’s top lawmakers and political advisers convene their annual sessions in Beijing in March,the economy will be at the top of their agenda.展开更多
The 2019 World Economic Forum (WEF)Annual Meeting,'convened in Davos,Switzerland,on January 22-25 under the theme of Globali zation 4.0:Shaping a New Architecture in the Age of the Fourth Industrial Revolution, br...The 2019 World Economic Forum (WEF)Annual Meeting,'convened in Davos,Switzerland,on January 22-25 under the theme of Globali zation 4.0:Shaping a New Architecture in the Age of the Fourth Industrial Revolution, brdught together senior government officials,executives from major global com- panies,leaders of international organizations and non-governmental organizations, and other prominent figures for intensive deliberations.展开更多
The blockchain,a kind of digital ledger of econom ic transactions,is characterized by decentralization,a timestamped series of immutable records of data and collective maintenance.
China’s per-capita GDP has surpassed the$10,000 landmark,according to a statement by the National Bureau of Statistics on January 17.In 2019,the GDP totaled$14.38 trillion,showing the long distance it has traveled si...China’s per-capita GDP has surpassed the$10,000 landmark,according to a statement by the National Bureau of Statistics on January 17.In 2019,the GDP totaled$14.38 trillion,showing the long distance it has traveled since reform and opening up in 1978.In 1978,the GDP was$149.5 billion,accounting for just 1.8 percent of the global economy.The percapita GDP stood at$156,much lower than the average even in the least developed countries south of the Sahara Desert at$490.From the perspective of per-capita GDP,China was the poorest country in the world at that time.展开更多
The 2019 World Economic Forum (WEF) Annual Meeting,convened in Davos, Switzerland,on January 21-24 under the theme of Globalization 4.0:Shaping a New Architecture in the Age of the Fourth Industrial Revolution,brought...The 2019 World Economic Forum (WEF) Annual Meeting,convened in Davos, Switzerland,on January 21-24 under the theme of Globalization 4.0:Shaping a New Architecture in the Age of the Fourth Industrial Revolution,brought together senior government officials,executives from major global companies,leaders of international organizations and non-governmental organizations, and other prominent figures for intensive deliberations.展开更多
On February 5,the Central Committee of the Communist Party of China and the State Council,China’s cabinet,jointly released the No.1 Central Document of 2017,
Hi-tech fairs facilitate China's opening-up policyThe annual China International Fair for Investment and Trade (CIFIT),held in Xiamen,Fujian Province in southeast China,from September 8 to 11,had an online version...Hi-tech fairs facilitate China's opening-up policyThe annual China International Fair for Investment and Trade (CIFIT),held in Xiamen,Fujian Province in southeast China,from September 8 to 11,had an online version too for the first time,this being a special period of novel coronavirus disease (COVID-19)epidemic prevention and control measures.Matching its new form,it focused on new themes as well,such as new infrastructure,the digital econo my and technological innovatio n,exhibiting products with new technologies.展开更多
基金the financial support of the National Natural Science Foundation of China(No.72273157)Research Program of Humanities and Social Sciences of the Ministry of Education of China(No.22YJA790096)Special Program of Philosophy and Social Science Research of the Ministry of Education.
文摘This paper improves the estimation of firm-level total factor productivity(TFP)by considering energy use and including small-and medium-sized enterprises using data from the Chinese National Tax Survey Database(2008-2011).It analyzes the production efficiency of Chinese manufacturing firms using the improved TFP data and finds that(i)the TFP data frequently used in previous studies overestimated firms'real production efficiency;(i)the TFP of manufacturing firms decreased from 2008 to 2011 due to declines in both technical efficiency and allocation efficiency,(ii)the lower capacity utilization of production factors led to lower technical efficiency;and(iv)allocation efficiency decreased more in provinces and industries with higher shares of state-owned enterprises.The findings have policy implications for enhancing growth potential in the long run.
文摘With China’s political season approaching,how is the economy performing?When China’s top lawmakers and political advisers convene their annual sessions in Beijing in March,the economy will be at the top of their agenda.
文摘The 2019 World Economic Forum (WEF)Annual Meeting,'convened in Davos,Switzerland,on January 22-25 under the theme of Globali zation 4.0:Shaping a New Architecture in the Age of the Fourth Industrial Revolution, brdught together senior government officials,executives from major global com- panies,leaders of international organizations and non-governmental organizations, and other prominent figures for intensive deliberations.
文摘The blockchain,a kind of digital ledger of econom ic transactions,is characterized by decentralization,a timestamped series of immutable records of data and collective maintenance.
文摘China’s per-capita GDP has surpassed the$10,000 landmark,according to a statement by the National Bureau of Statistics on January 17.In 2019,the GDP totaled$14.38 trillion,showing the long distance it has traveled since reform and opening up in 1978.In 1978,the GDP was$149.5 billion,accounting for just 1.8 percent of the global economy.The percapita GDP stood at$156,much lower than the average even in the least developed countries south of the Sahara Desert at$490.From the perspective of per-capita GDP,China was the poorest country in the world at that time.
文摘The 2019 World Economic Forum (WEF) Annual Meeting,convened in Davos, Switzerland,on January 21-24 under the theme of Globalization 4.0:Shaping a New Architecture in the Age of the Fourth Industrial Revolution,brought together senior government officials,executives from major global companies,leaders of international organizations and non-governmental organizations, and other prominent figures for intensive deliberations.
文摘On February 5,the Central Committee of the Communist Party of China and the State Council,China’s cabinet,jointly released the No.1 Central Document of 2017,
文摘Hi-tech fairs facilitate China's opening-up policyThe annual China International Fair for Investment and Trade (CIFIT),held in Xiamen,Fujian Province in southeast China,from September 8 to 11,had an online version too for the first time,this being a special period of novel coronavirus disease (COVID-19)epidemic prevention and control measures.Matching its new form,it focused on new themes as well,such as new infrastructure,the digital econo my and technological innovatio n,exhibiting products with new technologies.
