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In 2017, China released its building list of First-class Universities and First-class Subjects (Double First classes), which should get great support for development for many years into the future. This paper examines the academic performance of eight universities that are currently listed as having First-class Subjects of economics, in international papers and domestic papers, and compares their academic performance with another eight non-listed universities. The comparison shows that in general only three listed universities have obvious advantages among the 16 sample universities, while four listed universities do not show advantages, with one of them unexpectedly lagging behind. In contrast, several non-listed universities perform obviously better among the sample universities. In addition, several other aspects of this Double First-class list are also found to be less objective, scientific, or rigorous.

The article introduces papers published within the issue which were presented at the 6th Annual Forum of the World Association for Political Economy (WAPE) in Amherst, Massachusetts in May 2011, including one on state-owned enterprises (SOE) in China, another on the implications of the need to prevent major climate change for the developmental strategies of China and India and a paper on the influence of neoliberalism on the reform of emergency services in Great Britain.

The White Paper on Chinese population policy, entitled "Family Planning in China," was issued by the Chinese Information Office of the State Council on August 23, 1995. The population problem is an important question that touches upon the survival and development of the Chinese nation, the success or failure of China's modernization drive as well as the coordinated and sustained development between the population on one hand and the economy, society, resources and environment on the other. It is a natural choice that the Chinese government has made to implement family planning, control population growth and improve the life quality of the population a basic state policy on the basis of a wish to make the state strong and powerful, the nation prosperous and the people happy. In the 1960s, the country's population entered its second peak birth period. From 1962 to 1972, the annual number of births in China averaged 26.69 million, totaling 300 million. In the practice of carrying out family planning programme, whilst persistently proceeding from its reality and taking into full account and observing principles and regulations concerning population and family planning formulated by international institutions and organizations, the Chinese government has gradually set up guiding principles, policies, measures and methods that reflect the basic interests and various rights and interests of the people and has continuously improved these as the actual situations change, so as to better safeguard the right to subsistence and development of the Chinese region.

How much is hegemony and how much is self-determination in the higher education systems in Southeast Asia? This paper argues that while the question of centre and periphery is still relevant to the analysis of international university systems, the analytical frameworks from which it has arisen may lose viability in the long term. Southeast Asian states are making use of higher education to act in ways that will contribute to the altering of their peripheral position in the global economic and political system. While changes in Southeast Asian higher education are closely tied to global markets and follow what sometimes appears to be a dependent pattern of adaptations driven by Western developed economies, the paper argues that there is also a significant amount of resistance. As Southeast Asian countries adapt in ways that help embed economic globalisation within their national landscape, the manner in which the adaptation occurs is more selective, open, and democratic than before. Moreover, while global communication with core (centre) university systems has been more open and transparent, the system is closed to direct intervention from the outside, making hegemony a less plausible explanation for the manner in which the system is reacting within the new global environment of financial interdependency.

The article discusses the Chinese Economists Society North America Annual Conference held at University of Alabama in Tuscaloosa, Alabama on March 10 to 11, 2017. The keynote speakers including professors Yang Yao, Kevin Huang, and Yiping Huang are mentioned. It presents an introduction in which the editor discusses articles in the issue on topics including economic stimulus, business profitability, and business cycles.

Drawing upon fieldwork conducted in an elite Chinese university and English language literature of audit culture in higher education against the backdrop of Chinese higher education in transition, this paper has discovered that Chinese higher education is undergoing an auditing process. However, this Chinese audit regime is not only guarded by a quantifiable scientism, but also by ideological control of communism and a Confucian guanxixue and paternalism to form a new synthesized pattern of governance, and thus is a different form from neoliberal audit culture in the West. Lastly, the paper warns against the threat posed by the collusion of economic and administrative rationalization to academia in China.

This paper centers on the expansion from elite to mass higher education in China and its effects on China's economic development. These effects are twofold, including both the immediate influence of expanded enrollment in higher education on China's economy, and the human capital accumulation for the long term. The paper first provides a description of key changes in the Chinese higher education system during this radical expansion. This is followed by an analysis of the relation between higher education expansion and economic development both in terms of short and long term goals, using the Keynesian economic principle and human capital theory. The analysis found that it is premature to conclude whether the expansion policy has revitalized the economy or not in the short term. China is achieving its long term goal of accumulating human capital; however, the mounting unemployment of postsecondary graduates is jeopardizing students' private returns.

This paper analyzes China's new approaches of education aid to Africa through a case study of Cameroon. China's cooperation has been characterized by different discourses and different historic relationships with recipient countries than those of traditional donors. Sino-African policies have gone through different stages, each connected to wider political and economic realities. Currently, a broadening of China's engagement with Africa can be noticed through increasing aid packages and the inclusion of African countries other than those that had traditionally been close to China. Cameroon has been one of the countries that have had a relatively extended cooperation with China. Four types of Chinese education aid to Africa are illustrated by this paper: (i) Confucius Institutes, which are providing language and culture-related training in host countries; (ii) longer term scholarships and short-term training for Africans in China; (iii) school construction; and (iv) stand-alone education projects. By analyzing how these three different types of aid are taking place in Cameroon, various and apparently contradictory strategies and discourses materialize.

While there has been an increase in students studying abroad in China, this increase has not been seen in the respective number of articles published in scholarly journals on education abroad in China. This paper summarizes articles from journals on the types of education abroad programs in China, organized by topic, and by the outcomes and benefits of the programs as stated in the articles. The basis for this review is relevant literature from full-text journals published from 1975 to 2013. Of 213 returns from an online search, 25 were relevant for this literature review. The benefits and outcomes of education abroad in China culled from this literature review are compared to the list of ten main outcomes of study abroad programs presented by Parsons (2010). In addition, outcomes not listed by Parsons were identified.

Bamboo is one of the world's fastest growing feedstocks and represents a promising nonwood resource that can be utilized in the pulp and paper industry. The timber varieties offer low feedstock costs, can be processed similarly to trees from a logistics standpoint, and have useful fiber properties for papermaking. Plantations have not yet been established due to propagation costs, limiting adoption of bamboo as a pulp feedstock to smaller pulp mills primarily in China, where there are native forests. Recent advances in micropropagation may allow lower establishment costs, but gradual introduction into the supply chain will be required. One concept is to gradually include bamboo feedstock into an established pulp mill as plantations are established, using co-cooking with a wood species. Previous work has shown that bamboo cooks fairly easily using the kraft process with conditions similar to hardwood species. Application: Producers considering adopting bamboo fiber as a portion of their fiber furnish for economic, unique property, or marketing reasons could utilize a strategy of co-cooking bamboo with either poplar or eucalyptus. [ABSTRACT FROM AUTHOR]

This paper employs cointegration and error-correction modelling to test the causal relationship between real income, real investment and tertiary education using data for the People's Republic of China over the period 1952-1999. To proxy tertiary education we use higher education enrolments and higher education graduates in alternative empirical specifications. One of the paper's main findings is that real income, real investment and tertiary education are cointegrated when real investment is the dependent variable, but are not cointegrated when either tertiary education or real income is the dependent variable. We also extend the in-sample analysis to examine the decomposition of variance and impulse response functions. (Contains 2 notes.)

The double-carbon goal proposal has made it imperative for China's power industry to address the urgent issue of reducing greenhouse gas emissions from coal-fired power plants and promoting their clean and efficient use. A new approach to achieving peak-shaving and improving grid stability is the combination of carbon capture and storage (CCS) facilities with coal-fired power plants, which offers a strategic solution for mitigating climate change. Nonetheless, the viability of CCS retrofitting for coal-fired power plants in China hinges on its economic feasibility. The technical characteristics, economic analysis, and policy implications of clean coal-fired power plant equipped with CCS (CCP-CCS) technologies are evaluated in the paper. A comparison of the characteristics of different clean coal power generation technologies, including capacity, efficiency, coal consumption, and environmental performance, is conducted. The paper analyzes the economic feasibility of four typical clean coal power generation technologies, namely Supercritical (SC), Ultra-supercritical (USC), Integrated Gasification Combined Cycle (IGCC), and Circulating Fluidized Bed (CFB), both with and without CCS, using the levelized cost of electricity (LCOE) model. Financial parameters, investment parameters, operation and maintenance parameters, tax parameters, and capacity parameters are all considered in the LCOE model. The results indicate: (1) If CCS is not installed, the LCOE of USC power plants is the lowest at 0.37 yuan/kWh, while the LCOE of IGCC power plants is the highest at 0.44 yuan/kWh. (2) If CCS is installed, the LCOE of CFB units is the highest at 0.74 yuan/kWh, while the LCOE of USC units is the lowest at 0.60 yuan/kWh. (3) In sensitivity analysis, coal prices have the most significant impact on LCOE, followed by expected annual operating hours, while the cost of carbon capture equipment is the least sensitive. (4) The cost of retrofitting CCS on clean coal-fired power plants (CCP) is currently high, with an LCOE increase of around 40 to 70%, which is comparable to that of renewable energy electricity. This paper presents policy recommendations, including preferential loans, tax incentives, and R&D funding, to promote the development of CCP in China based on the economic analysis results and challenges faced by CCP. Additionally, the paper proposes relevant policy implications such as preferential loan policies, a diversified financing system, R&D and innovation, and the establishment of a carbon trading market for CCS in China to provide practical guidance for the promotion of CCP-CCS technologies in China. [ABSTRACT FROM AUTHOR]

Natural disasters have enormous impacts on human society, especially on the development of the economy. To support decision making in mitigation and adaption to natural disasters, assessment of economic impacts is fundamental and of great significance. Based on a review of the literature of economic impact evaluation, this paper proposes a new assessment model of economic impact from drought by using the sugar industry in China as a case study, which focuses on the generation and transfer of economic impacts along a simple value chain involving only sugarcane growers and a sugar producing company. A perspective of profit loss rate is applied to scale eco nomic impact with a model based on cost-and-benefit analysis. By using analysis of "with-and-without", profit loss is defined as the difference in profits between disaster-hit and disaster-free scenarios. To calculate profit, analysis on a time series of sugar price is applied. With the support of a linear regression model, an endogenous trend in sugar price is identified, and the time series of sugar price "without" disaster is obtained using an autoregressive error model to separate impact by disasters from the internal trend in sugar price. Unlike the settings in other assessment models, representative sugar prices, which represent value level in disaster-free condition and disaster-hit condition, are integrated from a long time series that covers the whole period of drought. As a result, it is found that in a rigid farming contract, sugarcane growers suffer far more than the sugar company when impacted by severe drought, which may promote the reflections on economic equality among various economic bodies at the occurrence of natural disasters. [ABSTRACT FROM AUTHOR]

This paper uses provincial macro-data from the mid 1980s onwards to investigate the determinants of land-use choice in rural China, by paying particular attention to the decision to plant trees as competing with agriculture. The evidence supports the importance of economic motivations in the afforestation decision. A profit-seeking behavior is found to be at stake in the decision to plant trees, which is made according to both the relative profitability of forestry against agriculture, and their relative risks. Afforestation is also found to strongly depend on the pressure upon land as well as on household wealth. [ABSTRACT FROM AUTHOR]

Background: In China, the healthcare financing structure involves multiple parties, including the government, society and individuals. Medicare Fund is an important way for the Government and society to reduce the burden of individual medical costs. However, with the aging of the population, the demand of Medicare Fund is increasing. Therefore, it is necessary to explore the sustainability of the healthcare financing structure in the context of population ageing. Objective: The purpose of this paper is to organize the characteristics of population ageing as well as healthcare financing in China. On this basis, it analyzes the impact mechanism of population ageing on healthcare financing and the sustainability of existing healthcare financing. Methods: This paper mainly adopts the method of literature research and inductive summarization. Extracting data from Health Statistics Yearbook of China and Labor and Social Security Statistics Yearbook of China. Collected about 60 pieces of relevant literature at home and abroad. Results: China has already entered a deeply ageing society. Unlike developed countries in the world, China's population ageing has distinctive feature of ageing before being rich. A healthcare financing scheme established by China, composing of the government, society, and individuals, is reasonable. However, under the pressure of population ageing, China's current healthcare financing scheme will face enormous challenges. Scholars are generally pessimistic about the sustainability of China's healthcare financing scheme. Conclusions: Population ageing will increase the expenditure and reduce the income of the Medicare Fund. This will further affect the sustainability of the healthcare financing structure. As a consequence, the state should pay particular attention to this issue and take action to ensure that the Fund continues to operate steadily. [ABSTRACT FROM AUTHOR]

With the development of the market economy, agricultural trade has become more and more significant for the development of the agricultural economy, which has triggered people's further thinking and exploration on the impact of agricultural trade on agricultural carbon emissions. This paper takes the measurement of trade implied carbon as the carbon dioxide emission index under the impact of agricultural trade and analyzes the impact of trade implied carbon and implied carbon balance on carbon emission. Taking the impact of Sino-US agricultural trade as an empirical background, this paper measures the impact of environmental changes in agricultural trade opening on China's agricultural development and its carbon emissions, so as to predict changes in China's regional agricultural carbon emissions performance. After calculation, it is found that the scale of China's exports has decreased by 0.089%, which is lower than the decline of 0.361% in the United States. The trade conflict has a significant impact on China's import and export structure. Under the scenario of mutual tariffs on agricultural products, China's exports to the United States are expected to decrease by 6.28%, while China's imports from the United States decreased by 13.02%. The Sino-US agricultural trade dispute will reduce China's carbon emissions by 0.013% and the United States' carbon emissions by 0.024%, which is related to the negative impact on the economy. Improving the performance of agricultural carbon emissions is not only the need for the green and sustainable development of the agricultural economy but also conducive to improving the international competitiveness of agricultural products. [ABSTRACT FROM AUTHOR]

China’s growing economic importance has led to a significant increase in the volume of empirical research about business and management in this country during the last few years. This study reviews the 180 empirical papers focusing on the Chinese context that were published in 12 leading international academic journals between 2000 and 2005. A summary of the methodologies used and the topics analysed is offered, along with various rankings of journals, authors, institutions, and papers. [ABSTRACT FROM AUTHOR]

The structure of fiscal expenditure in China has been suffering from over-reliance on a single type, while synchronisation and coordination with economic growth are lacking. This paper studies and analyses fiscal expenditure and green from a theoretical perspective. There is a close link between the structure of fiscal expenditure and green economic growth, and a reasonable and appropriate selection and allocation is conducive to promoting the overall development level of China, while financial resources input is a key consideration in optimising the structure of fiscal expenditure. This paper proposes hypotheses and establishes a regression model after an in-depth study of fiscal expenditure in a provincial economy in Asia in the light of domestic and international literature. Through empirical analysis, a green GDP reflecting economic growth and environmental pollution is synthesised using the principle of output per unit of pollution, and the impact of fiscal expenditure structure on green economic growth in China is empirically tested. [ABSTRACT FROM AUTHOR]

B Suresh Narayanan, Universiti Sains Malaysia: b The paper is aptly titled; after reading it I did gain a better understanding of the U.S.-China trade war. The paper begins by giving a stylized version of four lobby groups and argues that the trade war began in 2018 when the U.S. merchandise trade deficit was under 4 percent of GDP, rather than in 2006, when the U.S. merchandise trade deficit was over 6 percent and because the majority coalition on China trade in 2006 was no longer the majority coalition in 2018. The paper also makes it clear that China was not a "victim" in the trade war and may have invited it upon itself by highlighting two instances: non-compliance with WTO regulations and China's technology policy. [Extracted from the article]

Building a new development pattern based on the "double-cycle" is a major strategic plan of China. Under the background of the new development pattern of the "double-cycle" and the context of environmental constraints, this paper tries to explore the impact of marine economic development on marine cultural industry and marine innovation development, the extent of the impact of marine cultural industry on marine economic growth, and the internal relationship between them under the new development pattern of double circulation. In this paper, Fujian Province is taken as the research object to construct an indicator system of the marine culture development to reflect the living standard, employment level, and spiritual and cultural levels of people in the marine area, and the external influence of the marine economy and marine culture industry is taken as the indicator variable to measure the integrated development. The internal changes are regarded as the index to assess the integration level of the two, and the evaluation theoretical model of the dynamic evolution level of the marine economy and marine cultural industry is constructed. The vector autoregression model and impulse response function are used to study the interactive correlation between the growth of the marine economy and the development of the cultural industry. The results show the following: In the long run, there is a cointegration relationship between the marine culture industry and the gross ocean product (GOP), which is a long-term balanced and stable relationship. The development level of the marine economy and the development of marine culture industry are mutually influencing and promoting. [ABSTRACT FROM AUTHOR]

This paper aims to demonstrate the impact of coal enterprises’ vertical integration on the performance of innovation corporate social responsibility (ICSR) and to elaborate its specific transmission path through financing structure and market power. This paper takes the data of A-share listed coal company from 2008 to 2017 as samples, uses input-output table method to measure the degree of vertical integration, and explores the relationship between the four factors through multiple linear regression and Bootstrap method. We found that: (1) the vertical integration of coal enterprises has positive incentives for the promotion of ICSR. (2) Financing structure and market power play a chain intermediary role in this process of incentive. (3) In areas with high marketization process, vertical integration has more significant incentive effect on ICSR. The paper extends the research on the relationship between vertical integration and innovation, which provides a reference for the improvement of China’s supply-side reform and corporate social responsibility (CSR) fulfillment policy. It is helpful to promote the sustainable development of the coal industry, stimulate the innovation vitality of enterprises, and improve the fulfillment of CSR. [ABSTRACT FROM AUTHOR]

This study examines generalized trust and trust in institutions in Confucian Asia, covering six countries namely, China, Japan, Singapore, South Korea, Taiwan and Vietnam, and one dependent region, Hong Kong. Using data from the 2006 AsiaBarometer Survey, our study affirms the reliability and validity of using a two-item scale to measure generalized trust. Our analysis suggests that due to demographic differences, there are variations in the level of generalized trust of countries in Confucian Asia, despite the fact that these societies share a similar background in Confucian philosophy. The relationships between generalized trust and political trust, and between generalized trust and trust in public institutions, are weak but positive. The positive relationship between generalized trust and trust in economic institutions is only significant for some of the economies, while trust in international institutions has the weakest relationship with generalized trust for all societies. We conclude the paper with research implications.

This paper analyzes the behavior of families in China regarding private tutoring, applying game theory to its discussion of their actions. It finds that families will definitely give their children private tutoring after school in order to obtain better educational opportunities in situations where the distribution of educational resources is uneven. According to game theory, overuse of private tutoring after school will waste societal resources and negatively affect all the players in the game. It is argued that a key strategy to reduce private tutoring after school is to close the gaps in state provision of education.

The study reported in this paper examines the experiences of Chinese and Vietnamese international students in engaging in their institutional written discourse at an Australian university. The study highlights the significance of exploring the real accounts of the students as the "insiders" and uncovering students' individual potential choices and intentions as their "seemingly unrecognized" values in producing their own texts in English as a second language. In particular, based on international students' reflection on their intentions and potential choices in academic practices, the study signals how the taken-for-granted institutional conventions may contribute to silencing or marginalizing the possibilities for alternative approaches to knowledge and communication within the higher education institutional context. (Contains 1 figure.)

This paper empirically investigates the economies of scale and economies of scope for the Chinese research universities by employing the flexible fixed cost quadratic (FFCQ) function. The empirical results show that both economies of scale and economies of scope exist in the Chinese higher education system and support the common belief of universities as multi-product organizations. (Contains 6 tables.)

Purpose – This paper aims to examine the global competitiveness of an emerging market multinational (EMM) from China through the case of a major European acquisition, in Italy, in the heavy construction industry. Country- and firm-specific factors are considered. Horizontal integration in this oligopolistic industry changes the industry dynamics, with significant implications for its players. Design/methodology/approach – The paper follows case study methodology and triangulates data through a literature review, an examination of available company data and interviews of key personnel. Firm- and country-specific factors, both advantages and disadvantages, including the business environment in the construction industry, globally and regionally, are analyzed. Findings – The paper identifies several key success factors at the firm level, including the integration of research and development, marketing and sales; the development of extensive communication and trust among the managers of both companies; the exploitation of the Chinese market as a source of demand; and the shifting of selected production lines to the Chinese market. Research limitations/implications – The traditional models of country-specific advantages/disadvantages and firm-specific advantages/disadvantages are augmented by examining the host market and industry task environments. Host country-specific factors for successful integration include favorable local conditions, both in terms of endowments and institutions, and an industrial cluster with supporting firms and services. Practical implications – Following the case study, managers can refer to the key success factors to emulate “best practices”. The paper concludes with a heuristic developed by the Chairman of Zoomlinon, Chunxin Zhan, underlining five principles for a successful EEM acquisition: understanding, sharing, responsibility, compliance and coordination. Originality/value – This paper develops a deep case study analysis and provides useful theoretical and practical implications with reference to Chinese acquisition in the Western markets. [ABSTRACT FROM AUTHOR]

Among the studies of the internal efficiency in higher education, most have focused on the scale of university (the economies of scale), but little on internal operating efficiency in higher education, especially on the combined efficiency of outputs (the economies of scope). There are few theoretical discussions or experimental research on whether teaching resources are complementary with research resources, or whether resources in undergraduate cultivation are shared with those in postgraduate training. In the background of the resource scarcity, it is significant to study the economies of scope in higher education to realize intensive development of higher education. Based on the multiproduct cost function and the data of universities attached to the Ministry of Education, this paper attempts to deal with the complementarities of resources used in undergraduate cultivation, postgraduate training and research to find that universities produce these outputs without sufficient resource sharing, the diseconomies of scope in postgraduate training is highest. As far as the quality of teaching and research are concerned, diseconomies of scope of the outputs are great. The main reasons are as follows: poor distribution of facilities, teachers and books, overlapping internal management systems, and the current postgraduate cultivation model. Therefore, relative departments should take internal resource sharing in higher education into account when making the administration policy of higher education.

Comments on articles about diffusion of technology. Information on the economic transformation of Manchuria, China; Economic and non-economic factors in technology diffusion.

The Chinese Communist Party's Fifteenth Congress established Deng Xiaoping Theory as the guiding school of thought and propelled China's construction of socialist modernization into the 21st century. Comrade Deng Xiaoping's breakthroughs in the theory of economic construction have pushed research on the relationship between education and economic construction to new heights, stimulated academic contention in education economics circles, and inspired theoretical thought. Studies on the socialist market economy and educational reform and explorations on such subjects as the education industry, educational commodities, the education market, the operation of education, fairness and efficiency in education, and so forth have become hot topics in education economics circles and presented a situation in which "a hundred schools of thought contend." Opinions vary widely in education economics circles on whether education is an industry, and no consensus has been reached. (Contains 7 notes.)

This paper investigates the ownership and location strategies as contingency factors, which affect the relationship between SMEs’ open innovation activities and innovation performance in the context of emerging economies. Drawing from the corporate strategy and open innovation literature, we argued that SMEs with state and foreign ownership can more effectively capture economic rents from open innovation in a weak intellectual-property-rights regime. Meanwhile, the subnational environments in which SMEs locate their businesses is also crucial for them to capture value from open innovation. Using the data of 1050 SMEs in China, we found that state ownership positively and significantly moderates the relationship between openness and innovative performance, while foreign ownership partially supports the same effect. By disentangling the pro-business environment and the market development, we found that for SMEs that are located in a region with a stronger pro-business environment and a higher level of market development, open innovation can bring more value than it does for those located in regions with lower levels of those factors. Overall, this paper also contributes to our understanding of the complementary relationships between ownership and location strategies and open innovation. [ABSTRACT FROM AUTHOR]

As part of a larger study, this paper presents findings from my exploration of discourses about China-US geopolitics through popular discussions on Chinese international students (CIS) who are attending American universities during the ongoing global COVID-19 pandemic. The study seeks to advance scholarship for international students attending American colleges, with particular implications for Chinese students, as agents of geopolitical relations. In doing so, it investigates (a) how these students are represented in American media and (b) the criticality of international geopolitics in the mobility of international students. The findings reveal that American popular media sources assume a tone when writing about CIS that may stem from a deeper anti-Chinese sentiment that exists in the US. They also suggest that American institutions of higher education, and American companies that employ CIS after graduation, treat these students as imported subjects/objects that support America's intellectual and economic advancement. In doing so, the media perpetuates narratives of geopolitical tensions between the United States and China, while representing CIS as unwitting agents of those tensions. The study seeks to advance scholarship on international students attending US colleges, particularly those from China, during an era of rising populism and right-wing movements in the US coupled with rapidly deteriorating US-China relations. [ABSTRACT FROM AUTHOR]

Highlights • Forest resource Metabolism Network model isdeveloped for ecological and economic analysis. • Exploitation index is developed to reveal the weaker sectors in the ecological relations. • A case study of Guangdong province, China isconducted to illustrate the potential benefits. • Scientific Basis are provided to allocate forestresources and stabilize industrial structure. Abstract Integrating forest resources into the socio-economic system correctly and reasonably is of vital importance to tackle the increasingly scarce forest resources. In this paper, forest resource input-output model and forest resource metabolism network model are established to provide new insights into the relationships among the systems, industries and sectors related to forest resources. A promising indicator named exploitation index is developed to reveal the weaker sectors in the ecological relations, which will further help to provide better corrective actions and integrated strategic measures. Guangdong is taken as an example to verify the availability of the model and solve the problem. The results show that the primary manufacturing consumes more direct timber, while advanced manufacturing and the service sector utilize timber indirectly. In addition, Guangdong forest metabolism system shows a negative correlation and the whole network does not achieve the mutualism state, leading to competition relationships between pairwise sectors that should not appear, such as Forestry sector and Papermaking and Paper Products sector. These results provide the corresponding reference for helping the decision makers to allocate forest resources and coordinate ecological and economic development. [ABSTRACT FROM AUTHOR]

This paper investigates the impact of connected institutional investors on stock price crash risk. We document that the closer institutions are to the central position of the network, the greater the stock price crash risk, whereas the closer they are to the intermediary position, the smaller the stock price crash risk. Such results remain strong after conducting several robustness checks. Further evidences demonstrate that the collusion effect of central position, which is more pronounced for firms with higher insider ownership concentration, lower institutional ownership and lower regional marketization index, works through managers' asymmetric news disclosure, whereas the monitoring effect of intermediary position, which is more pronounced for firms with higher insider ownership concentration, higher institutional ownership and lower regional marketization index, works through better informativeness and control. Overall, our analyses provide insights into the relation between social embeddedness of individual economic activities and corporate governance. [ABSTRACT FROM AUTHOR]

During the recent presidential campaign, some prominent politicians called for a "time out" in negotiating new agreements to expand international trade, and others wanted to reduce it by canceling existing trade agreements. The stated concern is that trade with countries with low labor costs forces American workers to either accept lower salaries and wages or lose their jobs to low-paid foreign workers. This concern raises the question--is the goal of free international trade out of date? The author's answer to this question is an emphatic "No!" As long as creating higher paying jobs (both here and in other countries) by making the best use of scarce resources is a desirable goal, free trade is not out of date. Nations may never achieve perfectly free international trade, but the struggle to reduce existing trade restrictions is a noble one. Achieving freer trade would not only improve this country's prosperity, but it is also the most effective way to help people in other countries improve theirs. In this article, the author uses the concepts of opportunity cost and comparative advantage to explain how Americans, as well as people in smaller, and generally poorer, countries, would benefit from reduced trade restrictions.

"Sea turtles" refer to scholars who have returned from abroad, and especially from the Western countries while "land turtles" refer to scholars who have been "stuck" in China where they have obtained an education and engaged in theoretical research or practical explorations. In this article, the author compares the achievements and contributions made by these two factions in China. The author explains that these two factions, by and large, share at least two points in common: (1) No matter in which era, the great majority of those who conducted their studies in China and those who returned after completing their studies abroad served their country out of feelings of patriotism, and at the same time developed themselves; and (2) Although the country in which academic degrees are issued and the level of the degrees both serve as criteria for assessing whether a person has any real ability and learning, the bottom line is whether that person is able to resolve China's actual problems. The author also explains another metaphor for the relationship between the two factions, that of the Chinese "cat" and the Chinese "mice." "Be a Chinese 'cat,' and catch Chinese 'mice.'" All of China's intellectuals should set their sights and base themselves on observing, analyzing, and resolving China actual problems. It is on this point that the returnee faction and the local faction can be brought together. "Cats" are public-spirited persons who have made up their minds to make contributions to China; "mice" are the problems that affect and hinder China's economic and social advances. In the course of resolving economic and social problems, the returnee faction and the local faction both have important roles to play. [Translated by Ted Wang.]

Between 1765 and 1767 Quesnay published Droit naturel and Despotisme de la Chine. I show that these texts are strongly related. I study their various versions and editions, some of which were previously poorly known, and attempt to evaluate their readership. I uncover a lost manuscript and neglected sources of Despotisme de la Chine which help to clarify various points about the text. It is shown that it was finished most probably well before the end of 1766. Its economic contents are briefly described, whether they are similar to other writings of Quesnay or seem to alter his doctrine. It is suggested that Despotisme de la Chine was read by Adam Smith and that he took from it many lines on China found in Wealth of Nations. The paper ends with a proposal of a new edition of Droit naturel and Despotisme de la Chine. [ABSTRACT FROM AUTHOR]

At the phase of 13-th five-year plan in China, natural gas will play an important role in energy revolution. With the growth of consumption, natural gas infrastructures will become hot spots of future investment and pipeline network construction will also usher in a period of rapid development. Therefore, it is of great theoretical and practical significance to study layout methods of transport pipeline network. This paper takes natural gas transport pipeline network as a research object, introduces dominance degree to analyse benefits of pipeline projects. Then, this paper proposes Dominance Degree Model (DDM) of transport pipeline projects based on Potential Model (PM) and Economic Potential Theory (EPT). According to DDM of gas transport pipeline projects, layout methods of pipeline network are put forward, which is simple and easy to obtain the overall optimal solution and ensure maximum comprehensive benefits. What's more, construction sequences of gas transport pipeline projects can be also determined. Finally, the model is applied to a real case of natural gas transport pipeline projects in Zhejiang Province, China. The calculation results suggest that the model should deal with the transport pipeline network layout problem well, which have important implications for other potential pipeline networks not only in the Zhejiang Province but also throughout China and beyond. [ABSTRACT FROM AUTHOR]