Economic and Trade News

China's Interest Tax will be Used inSocial SecurityAccording to Finance Minister XiangHuaicheng, 5.4 billion yuan interest taxgenerated in the first half of foe year willall be used to solve problems on the lifesecurity for laid off staff and those ininvestment in social security willincrease furtherMr. Xiang says, in 1998 and 1999,funds used for social security by thecentral finance had reached only 52. 1billion yuan. Of the total funds for basiclife security for state-owned enterprises'l…     

以红色旅游促进新农村建设——关于安徽省肥东县红色旅游发展的思考

红色旅游是我国新兴的专项旅游产品。本文以安徽省肥东县为例，说明红色旅游与新农村建设的关系，指出红色旅游开发中存在的问题，并提出怎样将红色旅游作为当地新农村建设的突破口。     

International Accounting Firms in China— An Empirical Research on Competition and Cooperation

This article bases on game theory, analyzing the pattern of competition and cooperation of domestic accounting firms and international accounting firms in the view of asymmetric information game. The authors will use empirical research method to analyze equilibrium associating the auditing marketing situations, and give some points on Chinese accounting market development strategy in face of the world＇s challenges.     

The Analysis on the Development of China＇s Foreign Direct Investment

Foreign Direct Investment （FDI） is one of the most important ways that China makes use of the foreign capital, an important path that Chinese enterprises participate in the international competition deeply and also an important means that our enterprises promote their competitive ability. Absolutely, our current foreign direct investment is still in the primary stage, short in quantity, and small in scale. This kind of situation is quite inappropriate to China＇s international positions and management level. The main problems existing in our foreign direct investment are analyzed in this paper, the relevant counter measures are also put forward.     

Platform for Exchange：The 4th China-ASEAN Exop

In 2004, the China-ASEAN Expo（CAEXPO）was initiated by Chinese Premier Wen Jiabao ,it is currently considered one of the four major expos held in China.The fourth session,will take place in Nanning ,Guangxi province,from the 28th to the 31st of this month.[第一段]     

A Study of the Setting of Margin Levels in Futures Market

Margin rules are very important rules in futures market. This paper provides a new Value-at-Risk （VaR） approach which uses GARCH model to set margin levels. The new approach overcomes the limitation of the hypothesis of normal distribution in traditional methods and improves the estimation precision. We use the data of metal futures in China＇s Shanghai Futures Exchange （SHFE） to have an empirical study.     

Invest in Africa!——2007 Africa Business and Investment Forum

Since the Forum on China-Africa Cooperation(FOCAC)was held in November last year,Africa,this beautiful and amazing land has attracted more and more attention and interests from the Chinese people and enterprises. That vast and fertile continent does not only boast of breath-holding natural sightseeing, mysterious and historical ventures and legends, but also is a virgin land full of opportunities with invest- ment and cooperation.     

Research on the Types of Organizational Leaders from the Perspective of Chinese Culture

This paper aims to form a new model of the types of organizational leaders from the perspective of Chinese culture. Following the comparison between the western and Chinese leadership theories, we conclude that leaders home and abroad should equip themselves with both scientific managerial traits and the personality referent traits; each corresponds to position power and tongyu power. With such groundwork, we divide Chinese leaders into five categories： the mediocre leader, the powerful leader, the wise leader, the capable leader and the sage leader, which on a certain degree accomplishes the work of constructing the leadership model with strong Chinese characteristics.