保健品市场渐获药企青睐

“今年会有更多的制药企业涉足保健品市场，特别是那些通过了药品及保健食品GMP双重认证的企业更是乐此不疲。”中国医药企业竞争力研究课题组专家做出了这样的预测。     

外资掘金中国酒店

近年来,商务游、自助游和汽车自驾游等旅游方式受到追捧,此类旅游客源相应得到快速增长,因而,在旅游区的主题酒店、经济型酒店受到游客欢迎。同时,一些专题酒店如会议酒店和度假酒店在市场上以其鲜明的形象给酒店业带来了新的活力。与此同时,中国经济发达的中心城市如北京、上海、广州,高档酒店供给量也在迅速增加。     

外资掘金烂尾楼

中国实施宏观调控以遏制过热的房地产投资，为外资逐鹿中国房地产市场铺下了“红地毯”。近期来中国寻找房地产投资机会的主要是来自美国和欧洲的基金，一批著名的海外基金投资机构纷纷活跃在烂尾楼市场。而外资之所以钟情“烂尾楼”市场，是因为烂尾楼交易及开发速度快，适合基金快进快出。事实上，近两年上海、广州、重庆等地的烂尾楼收购市场，早已出现了越来越多的海外基金和投资银行的身影。     

外资掘金工业地产

工业房地产是由市场利益和环境驱动带动的产业，其具有专业性强、投资回报稳定的特点。但就整体回报而言，它相对目前国内的房地产其他投资，仍有一定的距离，而除了规避宏观调控风险，因而选取投资多元化外，不同的投资者，对投资工业地产有着并不完全相同的目的。[编者按]     

外资车企的中国棋局

扩大市场份额,是外资车企一直以来的强烈渴望。新一年,车企巨头们再次行动,在中国汽车市场展开新一轮的跑马圈地。根据中国汽车工业协会1月11日公布数据显示,2012年我国汽车产销双双突破1900万辆,再次突破纪录,蝉联世界第一。这里对于世界各大汽车巨头而言简直有无法抗拒的诱惑。针对外资车企进驻中国市场的发展过程及战略变化等问题,记者采访了多位业内专家和分析人士,他们纷纷表示,品牌和产品中国化一直是跨国车企争夺中国市场的武器。无论是拥有先发优势的德系品牌,还是注重本土化研发的美系品牌,抑或是强调产品性价比的日系品牌,或者是厚积薄发的韩系品牌,均凭借各自的优势及策略在中国汽车消费市场内努力摸     

浅析外资房企投资中国房地产市场的若干问题

投资房地产业的潜力巨大,能够获取高额的利润,成为外资房地产企业进入中国房地产市场的主要动因,加之房地产投资体制改革已见成效,而且有各项利好政策驱动,为外国房地产企业的资金进入营造了较好的投资环境.一方面,外资房企进入有利于国内与房地产相关的产业发展进而推动国民经济的增长;另一方面,外资房企进入也必然对本土房地产企业造成巨大的冲击,而且外资房企的大量涌入也会加大金融危机爆发的隐患.面对外资房企,我们的对策应该是利用其优势,规制其不足,从而促进中国房地产市场积极健康地发展.     

用4CS掘金保健品行业

点击关键词 何谓4CS? Consumer--应把产品原有的优点暂时搁到一边,重新研究消费的需要与欲求,仅仅卖你能或你想制造的产品还不够,而要卖那些消费者确实想买的产品.     

2003中国保健品市场 谁是市场赢家

当英雄的光芒正渐渐退出时代的舞台，人们反而更加希冀英雄的出现。于是人们开始寻找，在失意的2003年保健品市场，谁是灰色尘幕下的主角?谁又是未来保健品市场的生力军?     

外资看好中国房地产市场

“投资中国,已经不是为什么（WHY）的问题,而是投什么（WHAT）和何时投（WHEN）的问题。”——当这一话题成为日前在上海举行的“REIW2007中国房地产投资世界峰会”主题之一的时候,全世界房地产投资机构对中国市场的高度兴趣已经表露无遗。     

外资抢滩中国面料市场

巨大的奶酪 中国面料市场所蕴含的巨大容量是世界上任何其他地区所无可比拟的.有资料显示,未来5年,中国氨纶将以年均15%左右的速度增长,中国将成为世界最大的氨纶弹性纤维市场.国际化纤市场专业调查机构Opusbusi-ness咨询公司的分析称,今后国际弹性纤维市场的需求将继续保持7%至8%的增长速度,包括中国在内的亚洲地区将是弹性纤维消费的主要市场.中国贸促会纺织行业分会秘书长杨兆华认为,今后一段时间,中国服装面料需求将有较大增长,成为国际供应商不可或缺的重要市场.     

弱市如何赚钱

从2008年年底开始，大家都对牛年股市表示悲观。没想到，牛年春节刚过，A股却一路上涨，给了投资者一个惊喜。按理说，股市狂跌了一年多，有反弹也是正常的。作为投资者不仅应该从反弹中找到希望，找到机会，尽量减少之前的损失，还应该在股市大涨大跌中吸取教训，不能一看到反弹就兴奋过度。应该说，弱市中不应该都是失望，也应该有希望。本期《新财经》邀请了独立财经撰稿人皮海洲、曹中铭、专业投资人陈晓阳一起探讨弱市中如何赚钱。     

从民工到中国银行行长

我出生在福建莆田农村，1965年考入莆田一中，后来又上了高中。我们那里农村还比较好，“文革”期间还有高中可以读。高中毕业后，我回村里务农，种过地，为了给家里增加一些收入，也到一个水库工地去当过民工，还在家养过蜜蜂。     

China's health care reform: A tentative assessment

China has recently unveiled an ambitious new health-care reform plan, entailing a doubling of government health spending as well as a number of concrete reforms. While the details of the plan have not yet been completely announced, we offer a preliminary assessment of how well the reform is likely to achieve its stated goal of assuring every citizen equal access to affordable basic health care. The reform is based on three fundamental tenets: strong role of government in health, commitment to equity, and willingness to experiment with regulated market approaches. Within this framework, the reform offers a number of laudable changes to the health system, including an increase in public health financing, an expansion of primary health facilities and an increase in subsidies to achieve universal insurance coverage. However, it fails to address the root causes of the wastes and inefficiencies plaguing China's health care system, such as a fragmented delivery system and provider incentives to over-provide expensive tests and services. We conclude that China should consider changing the provider payment method from fee-for-service to a prospective payment method such as DRG or capitation with pay-for-performance, and to develop purchasing agencies that represent the interests of the population so as to enhance competition.     

央企退出房地产业能改变什么

只要把房价稳住了，当下最大的民生问题就能解决。78家央企的退出，究竟能否阻止房价上涨？这一民生问题能否解决？消息的传出引发了众多关注     

研发投入对企业绩效的影响——来自2009—2011年中国上市公司的实证证据

论文以2009-2011年中国上市公司为研究样本,从企业盈利能力和发展能力两个方面分析了企业的研发活动对企业绩效的影响。研究发现：（1）我国各行业研发投入普遍不足;（2）企业的研发活动与企业进行研发的当年及随后两年的绩效显著负相关,特别是对企业的盈利能力影响更明显。     

The state of the market and the contrarian strategy: evidence from China's stock market

Using the most comprehensive weekly dataset of ‘A’ shares listed on the Chinese stock market, this paper examines short-term contrarian strategies under different market states from 1995–2010. We find statistically significant profits from contrarian strategies, especially during the period after 2007, when China (along with other countries) experienced an economic downturn following the worldwide financial crisis. Our empirical evidence suggests that: (1) no significant profit is generated from either momentum or contrarian strategies in the intermediate horizon; (2) after microstructure effects are adjusted for, contrarian strategies with only four to eight weeks holding periods based on the stocks’ previous four to eight week's performance generate statistically significant profits of around 0.2% per week; (3) the contrarian strategy following a ‘down’ market generates higher profit than those following an ‘up’ market, suggesting that a contrarian strategy could be used as a shelter when the market is in decline. The profits following a ‘down’ market are robust after risk adjustment.     

Measuring price inflation in the physician sector of the health care market

Summary The purpose of this study was to indicate the need for the development of an adequate measure of the inflation in prices of medical care services. Although the CPI provides a medical care component, the index has a number of serious shortcomings. These shortcomings hinder its usefulness for policy purposes. The main thrust of this analysis was to suggest an alternative measure of prices of medical care services. This suggested hedonic approach will produce a more realistic measure of medical care prices for policy purposes.     

Climate change impacts on China's agriculture: The responses from market and trade

China's food security has been facing several challenges, which are likely to be worsened due to climate change. The purpose of this paper is to provide an evidence on the impacts of climate change on China's agriculture, with particular attention to the market and trade responses. Using projected crop yield changes for China and its' main trading partners under changing climate, we employ an agricultural partial equilibrium model (CAPSiM) and a linked national and global equilibrium model (CAPSiM-GTAP) to assess the impacts on food production, price, trade and self-sufficiency of China. Our results show that climate change will have significant effects on crop production though with large differences among crops. Under the worst climate change scenario RCP 8.5, wheat yield in China is projected to decline by 9.4% by 2050, which is the biggest yield reduction among the crops. However, the market can also respond to the climate change, as farmers can change inputs in response to reduced yields and rising prices. As a result, production losses for most crops are dampened. For example, wheat production loss under RCP8.5 reduces to only 4.3% due to market response. The adverse impacts on crop production will be further reduced after accounting for the trade response as farmers adjust production to much higher prices in the more severely affected countries. The paper concludes that we need to learn more from farmers who optimize their production decisions in response to the market and trade signals during climate change. A major policy implication is that policymakers need to mainstream the market and trade responses into national plans for climate adaptation.     

外资进入与产业结构升级:来自中国城市层面的经验证据

文章基于1998～2007年《中国城市统计年鉴》和中国工业企业数据库,从制造业内部生产结构调整角度,较为全面地考察了外资进入对中国城市产业结构升级的影响。研究结果表明,外资进入对中国城市产业结构升级有显著促进作用,且这一结论在考虑了多种稳健性检验以及克服了内生性问题的情况下仍然成立。文章进一步以城市间、产业间和企业间三种资源配置形态为影响机制,分析外资进入作用于中国城市产业结构升级的途径,发现外资进入主要通过城市内产业间和企业间资源的再配置效应促进中国城市产业结构升级,其中前者具体表现为生产资源从中低技术产业向高技术产业转移,后者表现为持续生产企业间和企业进入退出间生产资源再配置。外资进入在产业结构升级中的异质性影响结果表明,来自非港澳台地区和以独资方式的外资进入对中国产业结构升级有显著的促进作用,且外资进入对内陆城市和高行政等级城市的产业结构升级有显著的促进作用。     

Cross product subsidization in the health insurance market with managed care: A model and issues

One theory of insurance markets suggests that entering insurers expect incumbent insurers to react to the entry of new products, offering a combination of products where, breaking even, one makes positive economic profits and the other makes a loss. This theory is extended to include moral hazard, in which the magnitude of the loss depends on insurance coverage, and a stylized model of managed care. With moral hazard, cross-subsidization is still predicted. In contrast to prior results, the coverage for the highest risk individuals will vary with the portion of high-risk individuals in the market. The inclusion of managed care as a signaling instrument does not disrupt cross-product subsidization. These theoretical predictions are discussed in light of the absence of empirical support to date and in light of other factors that might limit or enhance an insurer's ability to subsidize across products.