China to be Partner Country of 2012 Hannover Fair

Acooperation signing ceremony was held between Germany and China in Beijing on July 14, stating that China will become the partner country of the HANNOVER MESSE （Hannover Fair） in 2012.     

Foreign-branded Furniture Amid Crisis of Confidence

＂The clients raised questions about the place of origin of our ＂furniture, and almost all the new orders have been cancelled or.postponed since the Da Vinci controversy was reported,＂ said Zhou Yufeng,...     

4G Is Coming

Those who visited the Mobile Communications Pavilion of the Shanghai World Expo 2010 must have been impressed by the mobile high-definition conferencing, mobile high-definition video surveillance, mobile high-definition video-on-demand, portable visual transmission, high-speed Internet access, etc.displayed there.As an exploration into the fourth-eeneration commu- nications technology or 4G, th demo TD-LTE (Long Term Evolution) network delivered a theoretical peak transmission rate ten times that of the current 3G network.     

A Note on Deficit,Implicit Debt,and Interest Rates

This short note revisits the long-standing issue of the relationship between government borrowings and interest rates using vector autoregression (VAR) models. In particular, we consider the dynamic impacts of both official deficit and implicit debt on the interest rates. Two measures of unfunded Social Security obligations (implicit debt) are examined. The recently developed generalized forecast error variance decompositions, which are invariant to the ordering of variables in VARs, are adopted. We find that temporary shocks to the official deficit do not cause real interest rate changes in the short term but do cause moderate changes in the long term. They have significant impact on nominal interest rates in both short and long horizons. The implicit debt also appears to have some moderate influence on real interest rates at long horizons.     

China and France Eye Green Cooperation

As both France and China are facing the task of transforming their pattern of economic growth, the two countries have huge potential to cooperate in sectors like high-tech, energy saving,emission reduction,and green economy,said Jean-Pierre Raffatin, the former French Prime Minister, on April 14 in Beijing. He made the remarks at the 17th China-France Economic Seminar along with a delegation of French business people. Cooperation between China and France has already expanded to finance, clean energy,envi...     

Green Cooperation Underway between China and Japan

The China-Japan Green Expo 2011, held in early June, marks the first large-scale cooperation between the two countries, after Japan's devastating earthquake and tsunami. Companies based in China and Japan, Chinese government ministries and other organizations attended the expo to exhibit products and technologies that promote environmental conservation.In addition, experts from industry, government and academia hosted seminars to introduce environment-related technologies.     

Enormous Growth Potential for China＇s Consumer Lending

China＇s consumer lending has been expanding rapidly and shows strong growth potential due to economic growth and government policy, according to a recent report by Boston Consulting Group （BCG）.     

泛舟商海心系两岸——专访元丰国际有限公司董事长连元章

“晴湖似镜平,泼眼绿波明。鱼队行堪数,凫雏近不惊。”清人王搂描写的泛舟常州尚湖的一幕令人神往。然而,相比于宁静的尚湖,商海就多了几许波澜。波澜壮阔的商海,谁人勇立船头,踏浪弄潮,又可以气定神闲商海观澜？     

Testing for Cointegrating Rank Via Model Selection: Evidence From 165 Data Sets

The model selection approach has been proposed as an alternative to the popular tests for cointegration such as the residual-based augmented Dickey–Fuller test and the system-based trace test. Using information criteria, we conduct cointegration tests on 165 data sets used in published studies. The empirical results demonstrate the usefulness of the model selection approach for applied researchers. Electronic Supplementary Material  Supplementary material is available for this article at and is accessible for authorized users.