Brown's Blossom in Britain-China

The overall strategic relationship between U.K.and China is"better than ever",China- Britain relations have maintained good momentum,with increased high-level exchanges and the reinforcement of strategic mutual trust,with more room for growth in the future.     

Hierarchical Dynamic Capabilities and Strategic Entrepreneurship in Changing Industrial Environments

The research fields of dynamic capabilities and strategic entrepreneurship have developed concurrently but separately. This study aims to bridge the gap in research on the underlying linkage between the two independent areas, both of which are critical for firms to sustain competitiveness in changing industrial environments. Drawing upon insights from the integrated perspective of hierarchical dynamic capabilities, strategic entrepreneurship, and environmental dynamics, an explicit theoretical framework is put forward to achieve a better understanding of the ways through which hierarchical dynamic capabilities promote strategic entrepreneurship. Moreover, through the proposed theoretical lens, this study further explores the detailed mechanisms of how first-order and second-order dynamic capabilities improve strategic entrepreneurship with regard to uncertainty of market conditions.     

April profits of Chinese petrochemical firms rise nearly 45% on lower crude prices

The construction of the China-Russia oil pipeline conforms with the strategic goals of China and Russia to diversify the former＇s energy imports and latter＇s energy exports, Chinese Ambassador to Russia Liu Guchang has said. The move reflects the two countries＇ confidence and determination to tide over together the current global economic downturn, Liu said in a recent written interview with Xinhua on May 10. The signing of a package of oil cooperation deals between China and Russia as well as the start of the oil pipeline project marked a major breakthrough in their energy cooperation, represented a new height of China-Russia strategic partnership of cooperation and further substantiate this partnership, Liu said.     

The Effect of Board Characteristics on a Firm＇s Strategic Change

The purpose of this study is to identify the relationship between the characteristics of the board of directors and strategic change of a firm in the Chinese context. In this study, strategic change is defined as strategic deviation relative to industry norms and strategic variation relative to historical experiences. The size, independence and leadership structure of the board of directors are defined as the board characteristics. We then propose hypotheses on the effects of board characteristics on a firm＇s strategic change. This study takes strategic resource allocation profile as measure to calculate strategic deviation and strategic variation, and then empirically tests and verifies the hypotheses using data from Chinese publicly listed companies in the information technology industry from the year 2006 to 2010. We find that the size, independence and leadership structure of the board of directors significantly affect both strategic deviation and strategic variation. Therefore, we conclude that board characteristic affects a firm＇s strategic change. The conclusion of the study indicates that moderate reductions in the size of the board, increasing the proportion of independent directors and separating the roles of chairman and chief executive officer can facilitate promoting the process of strategic change for a firm in a dynamic environment. Through this study we re-examine the role and significance of the board of directors in strategic decision-making for a firm, and provide useful suggestions on how to form a board that can meet the needs for strategic change for a firm in a dynamic business environment.     

China, Argentina agree to further strategic ties

According to Xinhua,China and Argentina have agreed to further enhance mutual trust and their strategic partnership as the two emerging economies are playing an increasingly important role in the world arena.“China will work with Argentina to strengthen strategic mutual trust,expand cooperation and coordination within multilateral frameworks in order to promote bilateral ties and benefit the two peoples,” Vice President Xi Jinping told Argentine Foreign Minister Hector Timerman on September 9.     

Mexico and China： Strategic Trade Partners

In recent years, trade between Mexico and China has grown dynamically with an average annual growth of 36.7%. Mexico and China are bothmajor world economies and China is the second largest trading partner of Mexico. Our two countries have been committed to deepening strategic partnership, cementing the basis for cooperation in all areas with fruitful outcome achicvcd.     

EU Eyes Closer Ties with China

The EU is pushing for a stronger strategic partnership with China,as in a changing world the EU and China share broad common interests and are increasingly interdependent.     

China expresses interest in upgrading Zimbabwe＇s transport network

Chinese investments in Italy, although still limited compared with that in the rest of Europe, are growing with more and more Chinese firms operating in the country＇s strategic sectors, said an Italian government agency on November 5.     

Mexico and China:Strategic Trade Parthers

In recent years,trade between Mexico and China has grown dynamically with an average annual growth of 36.7%.Mexico and China are both major world economies and China is the second largest trading partner of Mexico.Our two countries have been committed to deepening strategic partnership,cementing the basis for cooperation in all areas with fruitful outcome achieved.     

Social Public Care Ahead

China faces toughest alter-quake reconstruction since 1976. in contrast with neighbouring Myanmar＇s lethargic and secretive handling of its cyclone ten days earlier. China responded to the earthquake rapidly and with uncharacteristic openness. Within hours Premier Wen Jiabao was on a plane, and appeared in almost all the strategic places in the earthquake-hit areas in the following days： President Hu Jintao was chairing an emergency meeting of Standing Committee and thousands of soldiers and police were being dispatched. China is moved and moves. For the most impressive time, we read the social care from all works of lives.     

Japanese PM Taro Aso Visited Beijing

To continue of bilateral high-level exchanges and deepening of cooperation, Japanese Prime Minister Taro Aso visit China on April 29, 2009.During his two days＇ visit,he met with Chinese counterpart Wen Jiabao on April 29 and President Hu Jintao on April 30.Aso first met Hu on the sidelines of a meeting of the Group of 20 rich and industrializing nations in London.     

Canada Finance Minster： Welcome China＇s Investment in Canada

To forward the relationship between China and Canada in financial and trade sectors and strengthen the cooperation in avoiding the worse impact of international financial crisis, Canadian financial high-level leaders involving Bank of Canada Governor Mark Carney, Canada＇s Minister of Finance Jim Flaherty, Federal Superintendent of Financial Institutions Julie Dickson, as well as five major banks and the two biggest insurance companies in Canada, who are looking to strengthen and expand business ties with China, visited China from August 8 to August 14, 2009. Also they send warm invitations to China enterprises to invest and to be listed in Canada. This visit is a preparation for Canadian Prime Minister Stephen Harper＇s coming visit to China in November.     

Continued Commitment Not Unconditional——Business Confidence Survey 2010

The European Union Chamber of Commerce Business Confidence Survey 2010 was released by the European Union Chamber of Commerce in China in partnership with Roland Berger Strategy Consultants on June 29, 2010, which surveyed over 500 European companies based in China between March and April of 2010. The results--the most comprehensive and wide-raging set of data yet gathered for this annual publication- showed that European business community that remains optimistic about surging economic growth,     

Climate Cooperation——Highlights of Barack Obama's Visit to China

Barack Obama, the first US president who came to China in his first term, finished his four-day visit on November 18th, 2009. Many important officials ac-companied him such as Sectary of State Hillary Clin-ton, Secretary of Commerce Gary Locke, Energy secretary Steven Chu and Trade Representative Kirk, so his visit was also interpreted as a signal to show friendliness to China.     

Brexit as an Inelastic Good: A Microeconomic Theory of Direct Democracy

On 23 June 2016 a slight majority of 52% of UK voters opted to leave the European Union after 44 years of membership. Many were surprised by the result. Why did a majority vote Leave? Why were the majority of the voters not susceptible to the economic arguments advanced by major economic institutions such as the Bank of England, OECD, IMF, HM Treasury and virtually all major investment banks? Why did (now former) Prime Minister David Cameron, who campaigned for Remain, lose the vote only a year after his party had won a surprise victory in the 2015 general election?     

Sino-Pakistan Relationship Was Not a Five-Year Plan

China and Pakistan have an especially close friendship, during the past 57 years they have developed their diplomatic ties,and both have prospered from the smooth development of friendly and neighborly relations, as well as mutually beneficial cooperation. In 2006, the successful exchange of visits between the two presidents has brought bilateral relations into a new phase; in addition, the two sides have strengthened their high-level strategic dialogue. Though the top leaders in Pakistan have recently changed, the countries＇ friendship will never change; therefore, it was a meaningful gesture that in October 2008, H.E. Mr. AsifAli Zardari, the newly elected president, chose China for his first official visit abroad,     

The meaning of the tindemans report

In INTERECONOMICS No. 3, 1976, we published an Interview with Professor Dr Walter Hallstein, former President of the EEC Commission, on the Belgian Prime Minister’s, Leo Tindemans’, “Report on the European Union”. Meanwhile the Report has been discussed on occasion of the last European Council meeting in Luxembourg whose unfortunate outcome pointed out in a dramatic way the weakness of the political will of the Community. In the following article the President of the Council, Gaston Thorn, explains his views of the significance of the so-called “Tindemans Report”.     

Demystifying Japan's Economic Recovery

After having undergone protracted economic doldrums, Japan has begun to attract the world’s attention. Prime Minister Shintaro Abe, taking office in September 2006, pledged to continue his predecessor’s reforms while looking to closer economic ties with Japan’s neighboring countries. This paper examines the challenges the Abe administration must address, the reforms the administration still needs to tackle, and the problems that lie ahead. It starts with an evaluation of Japan’s economic condition from a long-term perspective, especially the drastic change in its labor market and its rapidly aging society. It then discusses the unfinished reforms the government is facing— restored fiscal balances, a less-regulated economy both at home and abroad, and a new innovation-driven growth path. In sharp contrast to his single-minded and charismatic predecessor, Prime Minister Abe has taken a less spectacular and more nuanced stance toward reforms. A more market-principled Japan will create increased competitive conditions for economic players in both the private and public sectors. Japan’s economy will face a precarious state—swinging between an economy armed with marketbased principles (but suffering from a “growth pain”) and an “ugly Japan” that divides the haves and the have-nots. JEL Classification 053, J10     

China and Bengal to Further Fasten Trade Ties

On March 19, the China-Bengal Economic and Trade Forum jointly sponsored by CCPIT and Bangladesh Embassy in China, was held in Beijing. More than 200 entrepreneurs from the countries presented the forum and made exchanges over bilateral trade and investment cooperation. Sheikh Hasina, Prime Minister of Bengal alsoattended and addressed the forum.     

Argentina Welcomes Chinese Enterprises

On July 13, China-Argentina Entrepreneur Luncheon Meeting was held in Beijing. Cristina Fernandez de Kirchner President of Argentina, Hui Liangyu, Vice Prime Minister of China and Wan Jifei, President of CCPI-T attended the meeting.