China's path:a view from the top

Vice Minister of Finance li Yong talks about his country's strategy to harness the discipline of accounting standards to help China achieve its development agenda.STORY LYNDA DUGDALEPHOTOSKEET BOOTH THE PROGRESS AND REFORMS achieved by China in its modern era of openness have created unprecedented economic productivity and prosperity.The resultant growth has given the country an international prestige that not only does its population proud,but also gives it a strong and important voice in the governance of the international economy.     

Address forms in Chinese audit opinions

Although forms of address are widely used in textual and other types of disclosure,empirical evidence of their effects is rare.China provides a unique setting in which to test the economic consequences of the forms of address used in audit reports.From 2003 to 2011,about 60%of auditors surveyed addressed their clients by their real names in audit opinions,while the others used honorifics.Based on a sample of Chinese audit opinions,I report the following findings.First,the announcement of an audit opinion that uses the client’s real name elicits a greater market response than the announcement of an opinion featuring an honorific form of address.Second,the effects of real-name forms of address are stronger in firms with weak board governance.Third,the association between audit fees and audit risk factors,such as loss-making,is stronger in firms that are addressed by their real names in audit reports.I conclude from these findings that the forms of address used in audit opinions may reveal private information on audit quality.The results of this study are consistent with the power-solidarity effect described by sociolinguists.     

基点价值

Interest-rate risk is one of the most important market risks frequently stated in banks,which is a loss ensuing from an adverse change in the value of interest-rate sensitive assets and liabilities,in consequence of a change in interest rate.The basic components of interest-rate risk may be include:re-pricing,or maturities mismatching risk,yield curve risk,basis value risk,and option risk.Interest-rate risk,which exerts an effect not only on the net interest income but also on the economic val…     

Headquarter Economy

It means a kind of economic activities for an area making use of its own advantage of specific resources, to attract many enterprises to locate their headquarters in the area, and locate their manufacturing and production bases in other areas with greater advantages, to form a reasonable value     

China An Imortant World Player

Although China＇s pharmaceutical market is only 2% of the global market, it is growing at approximately four times the worldwide average rate. China is playing an important role in innovators＇ outsourcing, and also China is an important supplier of APIs     

World Faces“Minor Replay”of Stagflation

"All the world’s main central banks now face a more difficult period." Goodhart who is a London School of Economics professor said in an interview. "We’re going into a sort of a minor replay of the stag ation we had in the     

Analysis the Opportunities and Challenges of PearlRiver Delta Economy in China

This paper examines the strategies of Chinese government policies to develop of Pearl River Delta （PRD） in the coming decades. Through analyzing the opportunitiesand challenges of the Macro-environment of the PRD, I will illustrate the competition to be an investment basement from inside and outside of the country as well as the supportivegovernment policies. In the past three decades, the original core competences of PRD such as low labor cost, broad foreign investment policies and the even cheap transportation is losingits attractiveness compared to the Yangtze River Delta （YRD）. This paper also illustrated the polices which support PRD economic transformation and Hong Kong as an international tradehub city that will play a key role in enhancing the speed of the transformation. The expectation of this research is that PRD will present itself as a new economic zone in the world, developvalue-added, high-tech manufacturing, brand innovated, and environment friendly industries. A new outlook of PRD is emerging in front of the world.     

The Resemblances Between Wuthering Height and Jane Eyre

Large difference in style from appearance, ＂Jane Evre＂and ＂Wuthering Heights＂ have greet resemblance in reality, As the principal expressions： The protagonist＇s pursuing for individual value and vindicating of personal dignity; The writer＇s pursuit of an ideal love; The works＇ creative method of illusion and symbolism.     

An Introduction to the 6 Key Towns in Beijing

1. Panggezhuang Town of Daxing District1.1 External Conditions for Panggezhuang Town to Be a New Small TownTen kilometers from the south of the satellite town of Huangcun in Daxing District, Panggezhuang Town has an administrative area of 109.3 square kilometers, a population     

Issues Facing Overseas Banks in China

The increasing presence of foreign banks has been an important aspect of banking reform in China. Since China’s entry into WTO and its acceptance of WTO commitments, China has spared no ef orts to open...     

Breaking the Barriers in Chinese Female Career Development

Career development is an important part of modern human resource management. Women are an important and integral part in human resources. Paying at ention to women's career development can’t be ignored...     

Optimizing Development Environment and Canceling 66 Annual Inspection Items

According to the statistics, that there are about 112 annual inspection items for the enterprises in Beijing, and over 1. 5 million entity items, which play an active role in standardizing and regulating the economy, as well as greatly increase the executive cost of the government and the operation cost of the enterprises. Some of them are just     

Relish the Moment

Tucked away in our subconscious is an idyllic vision. We see ourselves on a long trip that spans the continent. We are traveling by train. Out the windows, we drink in the passing scene of cars on nearby highways, of children waving at a crossing, of cattle grazing on a distant hillside, of smoke pouring from a power plant, of row upon row of corn and wheat, of mountains and roiling hillsides, of city skylines and village halls.     

浅谈在英语教学中学生创造力的培养

一. Introduction With the development of the society, English learning becomes a new trend in the time of knowledge economy in the 21st century, the international exchanges and cooperation among countries are more closer to each other than ever before, therefore, English which is the language most widely used has been regarded as an irresistible communicative tool. However, the traditional modes of English teaching are not suitable for students to study and communicate with each other effectively in English in China.     

Sunshine Projects

It is a measure for honest and clean government carried out in the field of infrastructure in Beijing, which requires open and transparent practice from the project's ever beginning to acceptance and delivery, put an end to private operation, so as to build probity, quality, efficient projects. The scope of "Sunshine Projects" include Olympic     

Tips for life

You will receive a body. You may like it or hate it, but it will be yours for as long as you live. How you take care of it or fail to take care of it can make an enormous difference in the quality of your life.     

Insurance Tips System to Be Launched in June

From June 1 on, the system of Insurance Tips will be implemented, which requires insurance companies or agencies to perform their obligations for informing in their sales and service activities, and tips will be given to the consumers for purchasing insurance policy. According to the requirements of Beijing Insurance Supervision Bureau, the current insurance for automobiles, and life insurance, dividends life insurance, joint life insurance and omnipotent life insurance will adopt this system first. It is disclosed by an insider of Beijing Insurance Supervision Bureau that this system is mainly to advise insurance consumers to be careful in buying an insurance policy to avoid risks caused by carelessness.     

Introduction to Shunyi District

Located in the northeast of Beijing, Shunyi District is 30 kilometers away from the urban area, with total area of 1021 square kilometers and plain areas of 95.7%. Shunyi District boasts of an elegant natural environment, and the location advantages are richly endowed by nature with transport facilities. The largest airport of the country -     

五问“东北振兴银行”

Promotion of the old Northeast industry base has become another important move the Central Committee makes out to facilitate regional economy of the country after West Development, in which the most important is to support the promotion through financing. To rapidly develop the three provinces in the northeast, the first thing is to solve the bottleneck of financing. To seek for new outlets is the fundamentality of renewed development. A newly founded Northeast Zhenxing Bank wlll surely leave no historic burdens, it will provide service for the three provinces of the northeast, and it wlll certainly play an important role in the economic promotion of the northeast.     

iPhone, New Smartphone Champion in China

The shock wave caused by the Apple iPhone has been spreading from the U.S. to China at an unbelievable rate. Savvy entrepreneurs have been purchasing hundreds of thousands of iPhones in the U.S. and Europe, then ＂cracking＂ the operating system to allow the device to be used on any GSM network. According to China Mobile, there were about 400,000 cracked iPhones using its cellular network service at the end of 2007, representing one out of every 10 iPhone shipments announced officially by Apple. We have never doubted that the iPhone will achieve greater success than iPod in China if Apple teams with China Mobile to launch its Chinese version. There are two reasons. Firstly, different from the U.S. where the smartphone market is fairly limited, appealing primarily to business users, the smartphone market in China, though, is an entertainmentoriented individual consumer market,