Integration of rice markets: the case of southern China

In this article, integration of rice markets in southern China is analyzed using the cointegration technique and monthly price data. Results show that there is a general lack of integration among the indica rice markets in China. Poor transport facilities, government interventions, and the limited amount of grain available for arbitrage are identified as the major impediments to market integration. Policy implications are discussed.     

阿里安公司2011年扭亏为盈

阿里安航天公司2011年的总收入约为9．85亿欧元，比2010年增长10％，略有盈利，这得益于“联盟”火箭2011年10月和12月的2次发射，使阿里安公司避免了出现连续3年亏损。