- 金碚;
<正>The global financial crisis has brought stateowned enterprises (SOEs) into the spotlight. Even Western countries like the U.S. have been forced to take some measures of nationalization, a departure from
2010年01期 1页 [查看摘要][在线阅读][下载 85K] - 樊纲;魏强;刘鹏;
China’s ballooning current account surplus has caused a plethora of adverse effects on the healthy development of its economy.Based on an in-depth analysis of the contributory factors to the swelling current account surplus,this paper purports to demonstrate theoretically and empirically that while the chronic savings-consumption imbalance is an important contributor to China’s huge trade surplus,the fundamental underlying contributor is the income structure and savings structure imbalance stemming from the disproportionate increase in retained earnings relative to stagnant wage bills.Corporate retained earnings keep growing rapidly because corporate profit margins are"overstated"and state-owned enterprises"do not pay dividends."Only when these issues are resolved at the institutional level can the savings rate be reduced to an appropriate level with domestic demand boosted to eliminate excess trade surpluses and fundamentally fix internal and external economic imbalances.
2010年01期 5-12页 [查看摘要][在线阅读][下载 1778K] - 王延中;
Since China’s reform and opening to the outside world,especially since the mid-1990s,China's social security system has undergone a number of reforms and adjustments.We can say that the basic framework of social insurance system had been established,but it is still facing many difficulties such as small coverage,high payment rates,"empty" individual accounts,etc.The question is whether China will choose the proper way from so many suggestions inside and outside China to solve the above issues.I will analyze some important issues on pension reform and old age security system construction and give my own view in this paper.
2010年01期 13-21页 [查看摘要][在线阅读][下载 236K] - 王国刚;
The 60 years of China’s financial development has been divided into two phases,the planned economy and reform and opening-up.During the planned economy,monetary finance policy strongly supported rapid development of the national economy,as indicated by the significantly higher growth rates in monetary and credit than in major economic indicators of the national economy.During the 30 years of reform and opening-up,China’s financial system developed at a super-normal pace,establishing relatively complete and sound financial institutions and market systems,and continuously pushing forward the process of rule of law and financial internationalization. The 60 years of development in China's financial system have embarked on a path different from the West’s.The following are the valuable experiences learned from China's financial development: 1)Consistently put development as the top priority,and promote development through reform; 2)Adhere to the general principle of financial stability,and proceed from China’s reality; 3)Promote financial development surrounding the real economy; 4)Put forward financial innovation in an appropriate manner; 5)Guard against and defuse financial risks,and adhere to the principal of gradual and orderly opening-up. Amid complex domestic and international economic and financial situations,China needs to improve its regulatory mechanism of monetary policy and its financial market system,deepen the reform of financial institutions,and improve the financial regulatory system so as to make greater achievements.
2010年01期 22-28页 [查看摘要][在线阅读][下载 973K] - 蔡昉;王德文;
The global financial crisis has taken a toll on China’s economy and employment.Due to shrinking exports,jobs have been slashed and difficulties have arisen in export-oriented manufacturing,labor-intensive industries and small and medium-sized enterprises(SMEs)in China’s coastal regions.In this context,employment should be our policy target, and counter-shock and counter-cyclical policies should be integrated.
2010年01期 29-35页 [查看摘要][在线阅读][下载 1833K] - 王双正;
In this paper,the author first introduces the background of and measures for the current investment expansion plan the central government adopted.The author then makes a historical comparative analysis of some overheated investments that appeared after the reform and opening and investment expansion plans adopted during the Asian financial crisis, as well as their respective impacts on overall price.Based on that,the author makes a conjoint analysis of current investment expansion’s impact on overall price from the perspective of price constraints like investment structure, current production capacity in basic industries,supply-and-demand relationship affecting price transmission between upstream and downstream products,market expectation and international market price.After that,some important problems meriting close attention in implementing the investment expansion policy are pointed out.Finally,the author puts forward some policy suggestions in light of the current national situation regarding strengthening investment control and guidance,expanding residential consumption,carrying out proactive and prudent price reform,and intensifying price monitoring,forecast and early warning as well as market supervision.
2010年01期 36-44页 [查看摘要][在线阅读][下载 2631K] - 陈佳贵;张晓晶;
Amid the current international financial crisis,the likes of which likely will never be met in a hundred years,BRICs outperformed developed economies and became an indispensable force in promoting global economic recovery.This paper made a comprehensive comparison of the characteristics,potential and weaknesses of the BRIC countries from the four perspectives of growth momentum,industrialization and urbanization,relationship between government and the market in economic development,and challenges in future growth.In the end,the article pointed out that whether the BRICs can exert greater impact in global development depends on their sustainable development.
2010年01期 45-55页 [查看摘要][在线阅读][下载 1502K] - 李钢;董敏杰;
This paper first presents a comparison between China and India with respect to their overall economic and social development conditions and finds that China is currently at a higher development stage than India in terms of key economic indicators or social indicators.This paper also conducts an assessment of the international competitiveness of the Chinese and Indian manufacturing industries and finds that the Chinese manufacturing industry is more competitive than its Indian counterpart.This paper then conducts an evaluation of the international competitiveness of the Chinese and Indian service industries and finds that(1)the Indian service industry has remained more globally competitive than its Chinese counterpart in most of the years examined;(2)the Chinese service industry has derived its international competitiveness primarily from its competitive advantages.In spite of its weaker comprehensive competitiveness,the Chinese services industry has consistently secured a stronger competitive edge over its Indian counterpart.The Chinese service industry’s comparative competitiveness is weaker than India’s simply because the Chinese manufacturing industry has grown at a faster pace.Last but not least,this paper conducts an in-depth analysis of the causes of competitive difference between China and India in respect of labor quality,infrastructure,government role,social heterogeneity,religion and culture as well as overseas compatriots.
2010年01期 56-70页 [查看摘要][在线阅读][下载 4925K] - 郑永年;
Since the reform and opening up in the late 1970s,China has gradually developed its own model of development.The fact that China has effectively resisted the negative impact of the global financial crisis points to the uniqueness of the China model.While the term"China model"has been widely used in the media and policy circles,not enough scholarly attention has been paid to China’s developmental experience.This paper attempts to look into the China model from a political economic perspective.In discussing the China model,most people will refer to China’s experience in economic development.However,the author argues that center to the China model is the country’s political development.The author believes that it is not correct to argue that the China model is characterized by"economic reform without political reform."The author shows how changes have taken place in Chinese politics in order to promote economic growth.The paper highlights many characteristics of the China political model and economic model and demonstrates how politics and economics are interlinked.
2010年01期 71-79页 [查看摘要][在线阅读][下载 1283K] - 唐旭;师永彦;曹作义;
Finding the best method to assess the effectiveness of Anti-Money Laundering(AML)policies is a controversial issue. Based on about 9,000 questionnaires circulated to AML professionals and other related staff at the People's Bank of China and other banking institutions,this study acquired first-hand data from respondents and has resulted in the following key findings:The effectiveness of the whole AML system is rated as"largely effective"in respect to China’s legislation,regulation and supervision,suspicious transaction monitoring and analyses and administrative investigation;the system is rated as"basically effective"in respect to money-laundering prosecutions and convictions and international cooperation.Financial institutions'compliance with AML regulations is rated as"largely effective"in respect to internal control,customer identification,large-value transaction and suspicious transaction reporting,and the record-keeping of ID information and transactions.Statistically,58.48%of respondents said they think that China’s AML regime is"completely effective"or"largely effective;"35.21%say it is"basically effective,"and the remaining 4.68% call it"largely ineffective"or"completely ineffective."The authors conclude by proposing some policy recommendations to enhance the effectiveness of AML policy.
2010年01期 80-92页 [查看摘要][在线阅读][下载 659K] - 刘志彪;张杰;
In this paper,the authors try to reveal export expansion determinants of local firms using sample data of the questionnaire answered by 342 Jiangsu-based manufacturing enterprises.Studies show that supply-chain partnership is an important force driving exports of local Chinese manufacturers;firm size and export intensity take on a"U-shaped"nonlinear dependence relation;industrial cluster as a location factor has a saliently positive effect on exports.It is noteworthy that factors stressed in classical trade theory like technical innovation,human capital and capital intensity have not become export determinants of local Chinese manufacturing enterprises.Further,we discovered that firms vary widely in terms of export determinants with their different sizes,which warns us that our local manufacturing enterprises may be captured and locked at the low end of the global value chain(GVC)by large international buyers,thus handicapped from further sharpening their export competitive edge.
2010年01期 93-102页 [查看摘要][在线阅读][下载 300K] - 王俊豪;李云雁;
Private enterprises are facing the dual pressures of dwindling internal and external demand and tightening environmental regulations amid the global financial crisis.Strategies adopted by private enterprises to respond to environmental regulations can be divided into pro-active and defensive response strategies.The decision of an enterprise on whether to adopt green technology is dependent to a large extent on the strategic orientation of the enterprise for environmental protection.In the face of tightening environmental regulations,pro-active enterprises are more inclined than their defensive counterparts to adopt green techniques or develop green products.This paper represents an attempt to conduct an empirical analysis of the strategic orientation and green innovation behavior of private enterprises in responding to environmental regulations based on a field survey of the Zhejiang textile sector. It offers recommendations for the Chinese government to formulate and implement environmental regulation policy tailored to private enterprises.
2010年01期 103-114页 [查看摘要][在线阅读][下载 1274K] - 翁杰;周礼;
This paper studies the trend in which industrial enterprises’benefits allocation pattern changed,and the reasons for those rapid changes in China from 1997 to 2007.The results reveal that the benefits allocation pattern of industrial enterprises in China changed rapidly during the periods of 1998-2000 and 2003-2007.This paper discovers that the ramifications of state-owned enterprises’three-year reform plan,aimed at getting themselves out of a dire economic predicament,are the main reasons for the rapid changes in industrial enterprises’benefits allocation pattern from 1998 to 2000.The structural changes in ex-factory price of industrial products from 2003 were the main reason benefits allocation patterns of industrial enterprises changed in favor of capital during 2003-2007.
2010年01期 115-123页 [查看摘要][在线阅读][下载 278K] - 李建明;缪荣;
Based on the annual data of Top 500 Chinese Enterprises,Top 500 Chinese Manufacturers and the Top 500 Chinese Service Enterprises published by China Enterprise Confederation and China Enterprise Directors Association,this paper presents the latest trends,characteristics and problems of China’s big enterprises.The authors found that those enterprises maintained rapid and steady growth in 2009.Meanwhile,the ratio of China’s big enterprises in the Fortune 500 in terms of company quantity,total assets and total profits was significantly enhanced.
2010年01期 124-128页 [查看摘要][在线阅读][下载 320K] 下载本期数据