Since its establishment in 2013,the Shanghai Free Trade Zone(FTZ)has consistently focused on institutional innovation,benchmarking itself against the highest standards of investment and trade systems.It has not only d...Since its establishment in 2013,the Shanghai Free Trade Zone(FTZ)has consistently focused on institutional innovation,benchmarking itself against the highest standards of investment and trade systems.It has not only deeply served the national strategy of openingup but also played a constructive role in demonstrating and leading the integrated development of the Yangtze River Delta and the Belt and Road Initiative,helping accumulate experiences in bilateral and multilateral cooperation.展开更多
In coping with the global financial crisis, all levels of the Chinese government and foreign trade firms have not only created new practices but have also changed their goal from transforming the growth pattern of for...In coping with the global financial crisis, all levels of the Chinese government and foreign trade firms have not only created new practices but have also changed their goal from transforming the growth pattern of foreign trade to transforming the development pattern of joreign trade. China＇s experience shows that economic instruments such as Net Barter Terms of Trade （NBTT） and the smile curve theory have limitations when it comes to interpreting foreign trade. If used improperly, scientific theories often lead to.fallacies. Transjbrming the development pattern of China＇s .foreign trade requires the following changes： national income distribution, foreign trade competition, market exploration, and resource utilization. We advise that competent authorities create a reasonable and operational system of assessment indicators.展开更多
One notable feature of China’s growth since the late 1970 s is that certain regional pinpoints often take the lead in carving out a new path for development before creating a lane for others to catch up;the end goal ...One notable feature of China’s growth since the late 1970 s is that certain regional pinpoints often take the lead in carving out a new path for development before creating a lane for others to catch up;the end goal being that of synchronized growth.Throughout the last four decades,the country has passed through three stages.展开更多
The Central Financial Work Conference,held in Beijing this October,called for the establishment of a long-term mechanism to prevent and defuse local debt risks,the creation of the government debt management compatible...The Central Financial Work Conference,held in Beijing this October,called for the establishment of a long-term mechanism to prevent and defuse local debt risks,the creation of the government debt management compatible with high-quality development,and the optimization of the debt structure of both central and local governments.展开更多
This paper examines the asymptotic marginal rate of individual income tax which maximizes China's social welfare through numerical simulation based on the elasticity of China's labor supply, income distributio...This paper examines the asymptotic marginal rate of individual income tax which maximizes China's social welfare through numerical simulation based on the elasticity of China's labor supply, income distribution and the social objectives of redistribution in accordance with the optimal direct taxation theory. Taking advantage of the optimal direct taxation model with consideration of the income effect, it comes to the conclusion that combined with China's reality, the asymptotic marginal rate of individual labor income tax in China should be between 35% and 40%.展开更多
The target of GDP growth in 2022 is higher than the actual compound growth rate of the previous two years.It is expected that fiscal,monetary and industrial-related policies will form a policy synergy and play a key r...The target of GDP growth in 2022 is higher than the actual compound growth rate of the previous two years.It is expected that fiscal,monetary and industrial-related policies will form a policy synergy and play a key role in stabilizing the economy.展开更多
Regional coordination creates a win-win situation forthose at home and abroad One notable feature of China's growth since the late 1970s is that certain regional pinpoints often take the lead in carving out a new ...Regional coordination creates a win-win situation forthose at home and abroad One notable feature of China's growth since the late 1970s is that certain regional pinpoints often take the lead in carving out a new path for development before creating a lane for others to catch up, the end goal being that of synchronized growth.Throughout the last four decades。展开更多
When the COVID-19 pandemic has severely hurt the global labor supply,the Russia-Ukraine conflict has rapidly reduced the supply of cheap energy for Europe,and the average growth rate of total factor productivity(TFP)h...When the COVID-19 pandemic has severely hurt the global labor supply,the Russia-Ukraine conflict has rapidly reduced the supply of cheap energy for Europe,and the average growth rate of total factor productivity(TFP)has declined.As a result,the global macro environment of"low inflation,low interest rate,and low volatility",lasting for the past decades,has rapidly switch to a new one featured with"high inflation,high interest rate,and high volatility".展开更多
文摘Since its establishment in 2013,the Shanghai Free Trade Zone(FTZ)has consistently focused on institutional innovation,benchmarking itself against the highest standards of investment and trade systems.It has not only deeply served the national strategy of openingup but also played a constructive role in demonstrating and leading the integrated development of the Yangtze River Delta and the Belt and Road Initiative,helping accumulate experiences in bilateral and multilateral cooperation.
文摘In coping with the global financial crisis, all levels of the Chinese government and foreign trade firms have not only created new practices but have also changed their goal from transforming the growth pattern of foreign trade to transforming the development pattern of joreign trade. China＇s experience shows that economic instruments such as Net Barter Terms of Trade （NBTT） and the smile curve theory have limitations when it comes to interpreting foreign trade. If used improperly, scientific theories often lead to.fallacies. Transjbrming the development pattern of China＇s .foreign trade requires the following changes： national income distribution, foreign trade competition, market exploration, and resource utilization. We advise that competent authorities create a reasonable and operational system of assessment indicators.
文摘One notable feature of China’s growth since the late 1970 s is that certain regional pinpoints often take the lead in carving out a new path for development before creating a lane for others to catch up;the end goal being that of synchronized growth.Throughout the last four decades,the country has passed through three stages.
文摘The Central Financial Work Conference,held in Beijing this October,called for the establishment of a long-term mechanism to prevent and defuse local debt risks,the creation of the government debt management compatible with high-quality development,and the optimization of the debt structure of both central and local governments.
基金sponsored by the research project #2009JJD790050 and #11YJC790237 of Ministry of Education, China211 Program of Central University of Finance and Economics of China
文摘This paper examines the asymptotic marginal rate of individual income tax which maximizes China's social welfare through numerical simulation based on the elasticity of China's labor supply, income distribution and the social objectives of redistribution in accordance with the optimal direct taxation theory. Taking advantage of the optimal direct taxation model with consideration of the income effect, it comes to the conclusion that combined with China's reality, the asymptotic marginal rate of individual labor income tax in China should be between 35% and 40%.
文摘The target of GDP growth in 2022 is higher than the actual compound growth rate of the previous two years.It is expected that fiscal,monetary and industrial-related policies will form a policy synergy and play a key role in stabilizing the economy.
文摘Regional coordination creates a win-win situation forthose at home and abroad One notable feature of China's growth since the late 1970s is that certain regional pinpoints often take the lead in carving out a new path for development before creating a lane for others to catch up, the end goal being that of synchronized growth.Throughout the last four decades。
文摘When the COVID-19 pandemic has severely hurt the global labor supply,the Russia-Ukraine conflict has rapidly reduced the supply of cheap energy for Europe,and the average growth rate of total factor productivity(TFP)has declined.As a result,the global macro environment of"low inflation,low interest rate,and low volatility",lasting for the past decades,has rapidly switch to a new one featured with"high inflation,high interest rate,and high volatility".
