- Pei Changhong;
Since the 18th National Congress of the Communist Party of China, the country has established 21 Free Trade Pilot Zones(FTZs), achieving significant pioneering results in reform and opening up and creating a strong demonstrative effect nationwide. The basic experience from a decade of FTZs includes: adhering to the centralized and unified leadership of the CPC Central Committee; combining top-level design with encouragement of grassroots innovation; leveraging the distinct characteristics and strengths of FTZs to form a differentiated development pattern; maintaining the integration of opening up with domestic reforms; using openness to drive reforms; and organically combining openness with national security assurance. Under the current and future new circumstances, China's FTZs face new challenges and tasks. In accordance with the directives of the 20th National Congress of the Communist Party of China, an enhancement strategy for the FTZs needs to be implemented. This involves the following: First, accurately understanding and responding to the changing situation to create strategic opportunities. Second, shifting paradigms to implement innovation-driven strategies, using the new development pattern concept to guide the reform experiments and construction of the FTZs. Third, granting more autonomy to FTZs for reforms, pursuing progress while maintaining stability, and solidly advancing the reform experiments in the FTZs. Fourth, orderly expanding the opening up of the service sector and cautiously advancing the internationalization of the renminbi. Fifth,promoting innovative development in trade to build a strong trade nation. Sixth, establishing synergy with bilateral FTZs, Belt and Road cooperation, and national diplomatic strategies to enhance the linkage effect.
2024年03期 v.19 2-20页 [查看摘要][在线阅读][下载 430K] - Li Haijian;Zhao Li;
This paper explores the data theory of value along the line of reasoning epochal characteristics of data – theoretical innovation – paradigmatic transformation and,through a comparison of hard and soft factors and observation of data peculiar features,it draws the conclusion that data have the epochal characteristics of non-competitiveness and non-exclusivity, decreasing marginal cost and increasing marginal return, non-physical and intangible form, and non-finiteness and non-scarcity. It is the epochal characteristics of data that undermine the traditional theory of value and innovate the “productionexchange” theory, including data value generation, data value realization, data value rights determination and data value pricing. From the perspective of data value generation, the levels of data quality, processing, use and connectivity, data application scenarios and data openness will influence data value. From the perspective of data value realization, data,as independent factors of production, show value creation effect, create a value multiplier effect by empowering other factors of production, and substitute other factors of production to create a zero-price effect. From the perspective of data value rights determination,based on the theory of property, the tragedy of the private outweighs the comedy of the private with respect to data, and based on the theory of sharing economy, the comedy of the commons outweighs the tragedy of the commons with respect to data. From the perspective of data pricing, standardized data products can be priced according to the physical product attributes, and non-standardized data products can be priced according to the virtual product attributes. Based on the epochal characteristics of data and theoretical innovation,the “production-exchange” paradigm has undergone a transformation from “using tangible factors to produce tangible products and exchanging tangible products for tangible products” to “using intangible factors to produce tangible products and exchanging intangible products for tangible products” and ultimately to “using intangible factors to produce intangible products and exchanging intangible products for intangible products”.
2024年03期 v.19 21-38页 [查看摘要][在线阅读][下载 408K] - Xia Jiechang;Zheng Hao;Zhang Yajun;
To achieve high-quality economic development, it is imperative to prioritize the real economy and foster new factors for economic growth. Data, as a new factor of production, plays a pivotal role in facilitating the seamless integration between digital technology and the real economy. It possesses inherent attributes and techno-economic characteristics that enable the extraction of value across various processes, including production, transaction, consumption, and regulatory supervision. The integration with digital technology enhances the productivity and efficiency of the real economy by facilitating service sector digitalization, accelerating the growth of the new real economy,and supporting the virtual economy in its role of serving the real economy. At present,unleashing the value of data is hindered by inadequate fundamental systems for the data,a lack of activity in the transaction market, and the underutilization of the data as a factor of production by enterprises in the real economy. Therefore, it is advised that data be fully utilized to develop the real economy through the four-pronged approach of “enhancing support for the high-quality provision of the data, expediting the integration of the data into the real economy, promoting the high-quality development of the real economy, and enhancing public service and governance systems”.
2024年03期 v.19 39-48页 [查看摘要][在线阅读][下载 283K] - Ni Hongfu;Yan Bingqian;Wu Liyuan;
Productivity and international energy price shocks are reflected in PPI and CPI via industrial chains. China's in-depth participation into the global value chains has increasingly lengthened its industrial production chains. The question is how the changing length of production chains will affect CPI and PPI, as well as CPI-PPI correlation? By constructing a global input-output price model, this paper offers a theoretical discussion on the impact of production chain length on the CPI-PPI divergence. Our findings suggest that the price shock of international bulk commodities has a greater impact on China's PPI than that on CPI. The effects on both China's PPI and CPI estimated by using the single-country input-output model are higher than the results estimated with the global input-output model.However, the difference between CPI and PPI variations estimated with the global inputoutput model is greater than the result estimated with the single-country input-output model,which supports the view that the lengthening of production chains, especially international production chains, leads to a divergence between CPI and PPI. Empirical results based on cross-national panel data also suggest that the lengthening of production chains has reduced the CPI-PPI correlation for countries, i.e. the lengthening of production chains has increased the PPI-CPI divergence. That is to say, policymakers should target not just CPI in maintaining price stability, but instead focus on the stability of both PPI and CPI. Efforts can be made to proactively adjust the price index system, and formulate the industrial chain price index.
2024年03期 v.19 49-69页 [查看摘要][在线阅读][下载 645K] - Li Xihui;Wang Guiduo;Duan Pengfei;Huang Jixin;
This study highlights the changing priorities of China's paired assistance throughout the past decades, as well as its theoretical implications and economic growth effects for recipient regions. Using panel data from 32 prefecture-level cities from 1990 to 2020, this study uses the multiperiod difference-in-differences approach to examine how paired assistance has contributed to economic growth in Xizang Autonomous Region and Xinjiang Uygur Autonomous Region. The findings indicate that, first, the implementation of the paired assistance policy has boosted economic growth in Xizang and Xinjiang. Second,paired assistance has stimulated economic growth in recipient communities by improving infrastructure. Third, paired assistance has contributed to economic growth in recipient communities by providing improved public services such as education and healthcare.Improvements to public services have a relatively smaller indirect effect in short term than infrastructure development on economic growth. Yet both education and healthcare are crucial to people's quality of life in recipient communities. This paper has refined and broadened research on the effects of paired assistance, providing preference for future policymaking.
2024年03期 v.19 70-88页 [查看摘要][在线阅读][下载 506K] - Liu Xiangdong;Mi Zhuang;He Mingqin;
In the digital era, retailers are keen to find out whether omni-channel retailing helps improve long-term firm performance. In this paper, we employ machine learning techniques on a large consumption data set in order to measure customer lifetime value(CLV)as the basis for determining long-term firm performance, and we provide an empirical analysis of the relationship between omni-channel retailing and CLV. The results suggest that omni-channel retailing may effectively enhance CLV. Further analysis reveals that this process is influenced by heterogeneous consumer requirements and that significant differences exist in the extent to which the omni-channel transition may influence CLV depending on consumer preferences for diversity of commodities, sensitivity to the cost of contract performance, and sensitivity to warehousing costs. Hence, retailers should provide consumers with a complete portfolio of goods and services based on target consumers' heterogeneous requirements in order to increase omni-channel efficiency.
2024年03期 v.19 89-103页 [查看摘要][在线阅读][下载 397K] - Yu Xiao;Wang Qihui;
In the context of rising life expectancy, there is a significant discrepancy between Chinese seniors' self-perceptions of the start of old age and the expectations of society around this age. The traditional paradigm, which forecasts individual economic behavior and formulates economic policies based on societal standards of age, is put to the test by this disparity. This study, which draws from the China Longitudinal Aging Society Survey(CLASS), examines the factors, processes, and improvement strategies that affect how older people choose to work. The following are our conclusions:(i) Chinese elderly believe their old age starts from 70 years on average; delaying perceived old age is a denial of aging and raises the likelihood of finding work. Elders who are youthful at heart have a 2.4% higher chance of remaining employed than elders who are old at heart.(ii) In contrast to old-at-heart elders, young-at-heart elders are more likely to maintain their middle-age lifestyles, continue working, become motivated to engage in social activities, and gain the confidence to face challenges and continue in their career.(iii) If the perceived old age is above 70 years, the milestone event of aging is retirement from work, and there are external pressures, particularly pressures from family intergenerational support, the perception of old age will have a more proactive impact on older workers.(iv) Despite rising pension benefits, older people's decision to remain in the workforce is still heavily influenced by their perception of their age. However, this effect is notably gender-specific, as older women's decision to remain in the workforce is not greatly influenced by their own perception of their age.
2024年03期 v.19 104-127页 [查看摘要][在线阅读][下载 456K] <正>China Economist （中文刊名：《中国经济学人》）是由中国社会科学院主管、中国社会科学院工业经济研究所主办的面向全球发行的中英文学术期刊。China Economist创刊于2006年3月，始终致力于向全球传递中国经济学与管理学最前沿研究进展，搭建中外学者相互交流的学术平台和研究阵地；先后被Econ Lit、EBSCO、Pro Quest、Scopus等全球主流、权威数据库及索引系统收录，入选中国社会科学院中国人文社会科学期刊（AMI）英文核心期刊，是代表中国人文社会科学英文刊最高水平的期刊之一。
2024年03期 v.19 128页 [查看摘要][在线阅读][下载 267K]