The global financial crisis will not delay, and could even accelerate, the pace of financial reform in China, one of the country’s leading financial officials said.
As China steps up its reform and opening up to the outside world,Chinese,especially the young,are becoming increasingly interested in western festivals.However,some traditional festivals in China are left out in the c...As China steps up its reform and opening up to the outside world,Chinese,especially the young,are becoming increasingly interested in western festivals.However,some traditional festivals in China are left out in the cold.This paper is mainly on the effect of west ern festivals on traditional festivals in China,trying to analyze the reason why it becomes this and it will lead us to face the communion and mixture between the two parties rationally.From the perspective of folk culture,it is necessary for us to find the motive of reform of Chinese traditional festivals.展开更多
The worldwide strategy for the development of telecommunications has been the opening of the telecom sector to competition and private investment.This paper focuses on telecommunications reforms and its outcomes in Pa...The worldwide strategy for the development of telecommunications has been the opening of the telecom sector to competition and private investment.This paper focuses on telecommunications reforms and its outcomes in Pakistan and discusses some lessons and suggestions for China who is still in the process of formulating telecom law.After liberalization and deregulation,telecom industry in Pakistan is tremendously growing and is in a transition phase from the monopoly to the competition.Government policies and independent regulator is playing critical role in this growth.This paper suggests that speed up formulation of Telecom Law,establishment of independent regulatory and antitrust agencies are need of time for the China telecom industry.Further,China will have to give special attention to accommodate convergence in its coming model of telecommunications reforms.展开更多
Based on the practical experiences of Guangdong carbon emissions trading pilot, the key issues such as cap setting, allowance alloca- tion, system defects, regulatory integration and MRV mechanisms were analyzed in th...Based on the practical experiences of Guangdong carbon emissions trading pilot, the key issues such as cap setting, allowance alloca- tion, system defects, regulatory integration and MRV mechanisms were analyzed in this paper from the localization perspective. A number of solu- tions and policy recommendations were also proposed in this study in order to solve these barriers.展开更多
In China, which is facing economic reform and the rapid development of small-scale industries, various occupational hazards are reappearing. The problems are related to the ignorance of the managers and the workers, a...In China, which is facing economic reform and the rapid development of small-scale industries, various occupational hazards are reappearing. The problems are related to the ignorance of the managers and the workers, a lack of capital, the insufficiency of occupational health services, and the transfer of some hazardous work from large factories in the cities to small plants in the towns and villages. The change in life-style, especially in smoking habits, has aggravated occupational hazards. The problems may be solved by renewing the concept of health among the managers and workers, enforcing legislation related to occupational hazards, strengthening health personnel training, and reinforcing health education and self-help. 1989 Academic Press, Inc.展开更多
As a cleaner,high-efficiency,and low-carbon fuel,natural gas has been an important fuel resource for China.To achieve a substantial increase in natural gas demand,China has sought to reform its natural gas pricing mec...As a cleaner,high-efficiency,and low-carbon fuel,natural gas has been an important fuel resource for China.To achieve a substantial increase in natural gas demand,China has sought to reform its natural gas pricing mechanism.Employing a set of unbalanced panel data for China’s 30 provinces covering 1999-2015,this study aims to estimate the evolving price and income elasticities of natural gas demand and explore the effect of natural gas price reform in China.For this purpose,a series of econometric techniques allowing for cross-sectional dependence and slope homogeneity is utilized.The results suggest that although natural gas demand in China still lacks negative price elasticity,the phenomenon is improving.Moreover,the estimates suggest that natural gas demand in China is indeed becoming increasingly sensitive to income changes.Our estimates also provide strong evidence in favor of the effect of natural gas price reform on the change in price elasticity as the price elasticity decreases in five of the seven regions.In addition,the results indicate large variations in the change in price and income elasticities of natural gas demand across China’s regions.Natural gas demand is becoming more price inelastic in Southwest China and Northwest China,while such demand in North China and East China responds less sensitively to income changes.These findings offer several policy suggestions for the reform of China’s natural gas market at the national and regional levels.展开更多
China's 30 years of reform have achieved tremendous success and a transformation of the country.Amazingly,however,this grand endeavor began in an anonymous rural village in which the f irst breakthroughs were made...China's 30 years of reform have achieved tremendous success and a transformation of the country.Amazingly,however,this grand endeavor began in an anonymous rural village in which the f irst breakthroughs were made.How did China's reform begin in the countryside? Why were the initial breakthroughs made there? What is its significance? This article elaborates on these questions,urging that we should carry out a scientific outlook on development in the spirit of the 17th Party Congress,and steadfastly deepen the rural reform of rural.Research into these issues will help us gain a deeper understanding of the rural reform.展开更多
This paper studies the opening-up of domestic bond market in the support of China’s supply-side reform by examining the five core elements about the reform,namely overcapacity trimming,inventory de-stocking,financial...This paper studies the opening-up of domestic bond market in the support of China’s supply-side reform by examining the five core elements about the reform,namely overcapacity trimming,inventory de-stocking,financial deleveraging,cost reduction,and improvement of weak links in the economy.By examining the relationship between bond market opening-up and each element of the reform,the paper comes to the conclusion that the opening-up of domestic bond market is supportive to China’s supply-side reform.展开更多
Since 1979 China has adopted a series of measures to reform its financial system. These measures involved establishing the macro control system of the central bank. setting up policy banks, perfecting the financial or...Since 1979 China has adopted a series of measures to reform its financial system. These measures involved establishing the macro control system of the central bank. setting up policy banks, perfecting the financial organization system, developing commercial banks and the monetary market, and reforming the foreign currency management system. The reforms of the past 15 years have brought great changes to China’s financial system. The old unified banking system was broken and diversified financing institutes emerged. Now a financial system comprising the central bank, specialized banks, commercial banks, insurance companics, trust展开更多
Zhu Rongji, Vice Premier of the State Council of China, on January 27, 1995, made a speech "on China’s Reform and Development" at the World Economic Forum held in Davos in Switzerland. He gave a briefing on...Zhu Rongji, Vice Premier of the State Council of China, on January 27, 1995, made a speech "on China’s Reform and Development" at the World Economic Forum held in Davos in Switzerland. He gave a briefing on China’s reform and opening up and economic development.展开更多
Pension funds remain scarce no matter what institutional design is adopted. China has a host of unique issues facing its pension system,issues that must be confronted; for instance,the disappearance of its demographic...Pension funds remain scarce no matter what institutional design is adopted. China has a host of unique issues facing its pension system,issues that must be confronted; for instance,the disappearance of its demographic dividends and legacy costs incurred due to institutional transition. Such features determine that China’s pension system is merely passable at the present time. In this article,Professor Cai Fang offers new and incisive perspectives on this issue,such as the potential stimulus for economic growth by ageing people’s desire to save money for old-age provisions.展开更多
A number of crucial decisions on the market process of China’s national economy in 1994 were made toward the end of 1993 at the National Economic Work Meeting and the national meetings on planning, system reform, ban...A number of crucial decisions on the market process of China’s national economy in 1994 were made toward the end of 1993 at the National Economic Work Meeting and the national meetings on planning, system reform, banking, budget and trade. It aroused worldwide attention about "cracking the nuts" and "comprehensive advances and key breakthroughs" were mentioned in these large-scale reform plans.展开更多
Since the beginning of 1994,Chinahas conducted a series of majorreform of the systems of taxation,finance,foreign trade and investment,achieving remarkable progress,whichhas played a good role in promotingthe establis...Since the beginning of 1994,Chinahas conducted a series of majorreform of the systems of taxation,finance,foreign trade and investment,achieving remarkable progress,whichhas played a good role in promotingthe establishment and developmentof the socialist market economic system.Not long ago,Xiang Huaicheng,DeputyDirector-General of the State TaxationBureau,made an introduction to thestate of China’s tax system reform anddevelopment trend to Chinese andforeign reporters.展开更多
While China’s internal market potential is getting more and more tempting, Minister Zhang Haoruo of Internal Trade says in the years to come the retail, wholesale and material sectors will be freed up for foreign inv...While China’s internal market potential is getting more and more tempting, Minister Zhang Haoruo of Internal Trade says in the years to come the retail, wholesale and material sectors will be freed up for foreign investment. Foreign businessmen will be welcome to compete in China. The Minister disclose "t that 11 cities had been approved to experiment展开更多
China＇s reform and opening-up policy, which started in 1978, has become more effective. The success of reform and opening-up has transformed China from a low-income country to one of the world＇s largest econo- mies ...China＇s reform and opening-up policy, which started in 1978, has become more effective. The success of reform and opening-up has transformed China from a low-income country to one of the world＇s largest econo- mies today. In my view, the success of China＇s develop- ment lies in the country greatly reducing the number of people living in poverty. According to the World Bank, hundreds of millions of Chinese people have been lifted out of extreme poverty.展开更多
Since the reform and opening up,China's market-oriented agricultural management reform has achieved remarkable results,but the reform has not yet been put in place,and there are some flaws in some areas of reform....Since the reform and opening up,China's market-oriented agricultural management reform has achieved remarkable results,but the reform has not yet been put in place,and there are some flaws in some areas of reform.To deepen the reform of government's agricultural management reform under the new situation,it is necessary to further define the boundary between government and market on the basis of following the general rules of world's agricultural development and considering China's special situation of agriculture,nail down the scope of government functions,pinpoint the key areas of reform,and actively promote the rapid development of China's characteristic modern agriculture.展开更多
The Chinese government set up the State Development Bank against the background of the Chinese economic system being transformed from planned to market. In May 1995, the State Development Investment Corporation was es...The Chinese government set up the State Development Bank against the background of the Chinese economic system being transformed from planned to market. In May 1995, the State Development Investment Corporation was established. Does this mean that China’s investment system reform is advancing at a much展开更多
文摘The global financial crisis will not delay, and could even accelerate, the pace of financial reform in China, one of the country’s leading financial officials said.
文摘As China steps up its reform and opening up to the outside world,Chinese,especially the young,are becoming increasingly interested in western festivals.However,some traditional festivals in China are left out in the cold.This paper is mainly on the effect of west ern festivals on traditional festivals in China,trying to analyze the reason why it becomes this and it will lead us to face the communion and mixture between the two parties rationally.From the perspective of folk culture,it is necessary for us to find the motive of reform of Chinese traditional festivals.
文摘The worldwide strategy for the development of telecommunications has been the opening of the telecom sector to competition and private investment.This paper focuses on telecommunications reforms and its outcomes in Pakistan and discusses some lessons and suggestions for China who is still in the process of formulating telecom law.After liberalization and deregulation,telecom industry in Pakistan is tremendously growing and is in a transition phase from the monopoly to the competition.Government policies and independent regulator is playing critical role in this growth.This paper suggests that speed up formulation of Telecom Law,establishment of independent regulatory and antitrust agencies are need of time for the China telecom industry.Further,China will have to give special attention to accommodate convergence in its coming model of telecommunications reforms.
基金Supported by the Guangdong Province Social Science Fund(NoGD11CYJ11)the Low Carbon Special Project of Guangdong Province in 2012(No.2012-044)
文摘Based on the practical experiences of Guangdong carbon emissions trading pilot, the key issues such as cap setting, allowance alloca- tion, system defects, regulatory integration and MRV mechanisms were analyzed in this paper from the localization perspective. A number of solu- tions and policy recommendations were also proposed in this study in order to solve these barriers.
文摘In China, which is facing economic reform and the rapid development of small-scale industries, various occupational hazards are reappearing. The problems are related to the ignorance of the managers and the workers, a lack of capital, the insufficiency of occupational health services, and the transfer of some hazardous work from large factories in the cities to small plants in the towns and villages. The change in life-style, especially in smoking habits, has aggravated occupational hazards. The problems may be solved by renewing the concept of health among the managers and workers, enforcing legislation related to occupational hazards, strengthening health personnel training, and reinforcing health education and self-help. 1989 Academic Press, Inc.
基金Financial support from the National Social Science Foundation of China (Grant Nos.17BGL014 and 18VDL017)
文摘As a cleaner,high-efficiency,and low-carbon fuel,natural gas has been an important fuel resource for China.To achieve a substantial increase in natural gas demand,China has sought to reform its natural gas pricing mechanism.Employing a set of unbalanced panel data for China’s 30 provinces covering 1999-2015,this study aims to estimate the evolving price and income elasticities of natural gas demand and explore the effect of natural gas price reform in China.For this purpose,a series of econometric techniques allowing for cross-sectional dependence and slope homogeneity is utilized.The results suggest that although natural gas demand in China still lacks negative price elasticity,the phenomenon is improving.Moreover,the estimates suggest that natural gas demand in China is indeed becoming increasingly sensitive to income changes.Our estimates also provide strong evidence in favor of the effect of natural gas price reform on the change in price elasticity as the price elasticity decreases in five of the seven regions.In addition,the results indicate large variations in the change in price and income elasticities of natural gas demand across China’s regions.Natural gas demand is becoming more price inelastic in Southwest China and Northwest China,while such demand in North China and East China responds less sensitively to income changes.These findings offer several policy suggestions for the reform of China’s natural gas market at the national and regional levels.
文摘China's 30 years of reform have achieved tremendous success and a transformation of the country.Amazingly,however,this grand endeavor began in an anonymous rural village in which the f irst breakthroughs were made.How did China's reform begin in the countryside? Why were the initial breakthroughs made there? What is its significance? This article elaborates on these questions,urging that we should carry out a scientific outlook on development in the spirit of the 17th Party Congress,and steadfastly deepen the rural reform of rural.Research into these issues will help us gain a deeper understanding of the rural reform.
文摘This paper studies the opening-up of domestic bond market in the support of China’s supply-side reform by examining the five core elements about the reform,namely overcapacity trimming,inventory de-stocking,financial deleveraging,cost reduction,and improvement of weak links in the economy.By examining the relationship between bond market opening-up and each element of the reform,the paper comes to the conclusion that the opening-up of domestic bond market is supportive to China’s supply-side reform.
文摘Since 1979 China has adopted a series of measures to reform its financial system. These measures involved establishing the macro control system of the central bank. setting up policy banks, perfecting the financial organization system, developing commercial banks and the monetary market, and reforming the foreign currency management system. The reforms of the past 15 years have brought great changes to China’s financial system. The old unified banking system was broken and diversified financing institutes emerged. Now a financial system comprising the central bank, specialized banks, commercial banks, insurance companics, trust
文摘Zhu Rongji, Vice Premier of the State Council of China, on January 27, 1995, made a speech "on China’s Reform and Development" at the World Economic Forum held in Davos in Switzerland. He gave a briefing on China’s reform and opening up and economic development.
文摘Pension funds remain scarce no matter what institutional design is adopted. China has a host of unique issues facing its pension system,issues that must be confronted; for instance,the disappearance of its demographic dividends and legacy costs incurred due to institutional transition. Such features determine that China’s pension system is merely passable at the present time. In this article,Professor Cai Fang offers new and incisive perspectives on this issue,such as the potential stimulus for economic growth by ageing people’s desire to save money for old-age provisions.
文摘A number of crucial decisions on the market process of China’s national economy in 1994 were made toward the end of 1993 at the National Economic Work Meeting and the national meetings on planning, system reform, banking, budget and trade. It aroused worldwide attention about "cracking the nuts" and "comprehensive advances and key breakthroughs" were mentioned in these large-scale reform plans.
文摘Since the beginning of 1994,Chinahas conducted a series of majorreform of the systems of taxation,finance,foreign trade and investment,achieving remarkable progress,whichhas played a good role in promotingthe establishment and developmentof the socialist market economic system.Not long ago,Xiang Huaicheng,DeputyDirector-General of the State TaxationBureau,made an introduction to thestate of China’s tax system reform anddevelopment trend to Chinese andforeign reporters.
文摘While China’s internal market potential is getting more and more tempting, Minister Zhang Haoruo of Internal Trade says in the years to come the retail, wholesale and material sectors will be freed up for foreign investment. Foreign businessmen will be welcome to compete in China. The Minister disclose "t that 11 cities had been approved to experiment
文摘China＇s reform and opening-up policy, which started in 1978, has become more effective. The success of reform and opening-up has transformed China from a low-income country to one of the world＇s largest econo- mies today. In my view, the success of China＇s develop- ment lies in the country greatly reducing the number of people living in poverty. According to the World Bank, hundreds of millions of Chinese people have been lifted out of extreme poverty.
文摘Since the reform and opening up,China's market-oriented agricultural management reform has achieved remarkable results,but the reform has not yet been put in place,and there are some flaws in some areas of reform.To deepen the reform of government's agricultural management reform under the new situation,it is necessary to further define the boundary between government and market on the basis of following the general rules of world's agricultural development and considering China's special situation of agriculture,nail down the scope of government functions,pinpoint the key areas of reform,and actively promote the rapid development of China's characteristic modern agriculture.
文摘The Chinese government set up the State Development Bank against the background of the Chinese economic system being transformed from planned to market. In May 1995, the State Development Investment Corporation was established. Does this mean that China’s investment system reform is advancing at a much
