Building on Success,Carrying on with Reform

The late Chinese leader Deng Xiaoping (Right) at the 3rd Plenary Session of the 11th Cenltral Committee in 1978 when he pointed out that"Banks should perform all the functions of banks in the real sense". Over the last 20 years.China has been undergoing a long period of reform in its finan- cial system,an important part of the country's overall economic reform,and an area where many remarkable achieve- ments has been made.This has also been a period during which China's financial sector has gradually become commer- cialized and market-oriented.     

I'm Sailing,I'm on Shipping China.com

When we first saw Mr. Kang Shuchun, the first thought that popped into our minds was what a handsome man! Really, he is handsome not only in his appearance, but also in his behavior, and this charming gentleman has already made many impressive achievements.     

Hu,Blair Reach Consensus on Furthering Bilateral Ties

Chinese President Hu Jintao and British Prime Minister Tony Blair have reached vital consensus on promoting the existing comprehensive strategic partnership to a higher level, according to a report of Xinhua News Agency on Nov.9.     

FDI in China Steered on Hi-tech,Green Path

Foreign investors will be barred from some resource-intensive or high-polluting sectors and encouraged to invest in high-tech and environment friendly projects, the country's top economic planner said on November 7. The Catalogue of Industries for Guiding Foreign Investment, jointly issued by the National Development and Reform Commission (NDRC) and the Ministry of Commerce, was published on the NDRC website and will take effect on December 1 this year.     

International Regulation on Health,Safety, and the Environment – Trends and Challenges

The international regulation of health, safety, and the environment has come far. Spurred by the United States, the United Nations established in the 1980's a tight net of rules that define minimum standards for the production and marketing of hazardous goods. The rules are for the most part non-binding. The successful conclusion of the GATT Uruguay Round now makes it imperative to balance the rules of international product safety law against the liberties demanded by international free trade. This challenge offers new perspectives for the development of international product safety law.     

China Eximbank, Tunisian Company Cooperate on Mobile Intelligence Web

On January 20, the Export-Import Bank of China(China Eximbank) and Tunisian National Telecom Company signed the preferential loan agreement of mobile intelligence web international bidding project, which accounted for the total sum of RMB50 million, and will be engaged in the equipment purchase and engineering service, etc..     

Honorableness or Beneficialness? Cicero on Natural Law, Virtues, Glory, and (Corporate) Reputation

During the last decade corporate reputation as one of the central efforts of corporate citizenship behavior has gained increasing attention in scholarly research, as has the way that reputation can serve as an instrument for business purposes. This poses the question of how such reputation will be achieved. To answer these questions this article examines Cicero’s considerations concerning the interrelation of honorableness and beneficialness made in his work ‘On Duties’. Based on Cicero’s understanding of universal natural law and his idea that reputation derives solely from honorable behavior and the orientation in the common good, we show that also corporate reputation is achieved only if it is based primarily on ‘honorableness’, and that reputation is lost if financial interests override the intentions of honesty of a company.     

Experts From China, Japan, india Appeal for East Asia Cooperation on Exchange Rate

On April 1 and 2, Network of East Asian Think-tanks (NEAT) Financial Cooperation Conference was held in Shanghai. Its theme was East Asian financial and monetary cooperation. Some experts from China, Japan, India and other countries appealed that an exchange cooperative mechanism should be established to keep steady exchange rate and avoid financial crisis. This conference was organized by China College of Foreign Affairs and Shanghai Academy of Social Sciences. More than 50 scholars and experts from China, Japan, ROK     

‘Mum,can I play on the internet?’

Research about the role of parents in children’s consumption of online advertisements is scarce. Parents are viewed as having a responsibility to deter children from invasive marketing, yet with the rise of non-traditional marketing it is unclear whether they have the knowledge and skills necessary to undertake this role. The authors address this research gap and demonstrate that parents have limited understanding of the effectiveness of online advertising and this restricts their ability to protect their children from online marketing endeavours. Parents recognize online persuasive techniques only when they themselves have been exposed to them (e.g. banners, pop-up advertisements) and are often unable to appreciate more subtle marketing techniques in their persuasive capacity (e.g. advergames). In addition, they erroneously believe that children respond to online marketing the same way adults do. Finally, parents display naivety in their conviction that their children would never be taken in by marketers but, paradoxically, this complacency is only limited to online advertising.     

Jingle Bell,Santa Claus is ＂on the net＂

Like ＂fang Ting, More Chinese consumers have turned to the Internet for Christmas gifts and decorations this year. Statistics from e-commerce companies show that on-line sales growth for the holiday season is much stronger than the year before, even though prices of Christmas gifts are generally higher.     

CIGF 2007： Stress on Brand,Creativity ＆ Foreign Participation

The 2^rd China（Dalian） International Garment ＆ Textile Fair（CIGF） will be held in Dalian city, Liaoning province from Aug. 28 to 31, 2007. CIGF, with two highlights of ＂Brand＂ and ＂Creation＂, will be fully engaged in improving the professional level and the overall image, so as to creat a pageant of fashionable, prominent garment and textile brands.     

A Market Investigation on Telephones,Handsets and Pagers in China

Thisinvestigationisbasedonthedataofthe2000IMIConsumerBehaviorandLivesYearbook(referredtoasYearbookinthefollowing).Telephones:NotSaturatedIn1998,thepopularityrateoftelephoneinChinastoodat9.3percent,anditwasanticipatedtoreach11percentin2000andwith190,000milliontelephoneexchangesandonetelephoneperhouseholdonaverageincities.Beiing,ShanghaiandGuangzhouhaveseenatelephonepopularityrateof9OPercent;anditis83.3percentinWuhanand7oPercentinChongqing,ShenyangandXian.Butthemarketisnosaturated,andwit…     

Comment on “The Empirical Basis for Antitrust: Cartels,Mergers, and Remedies”

In this journal, James Langenfeld critically reviewed four of the present authors’ articles that analyze the size of cartel overcharges and their antitrust policy implications. In this comment, we explain why we believe Langenfeld errs in his criticism of our work. In particular, this comment discusses the variation in research quality of the sources used to compile a large sample of historical cartel overcharges; the advisability of trimming outliers or large estimates from the sample; alleged publication bias; why our 25% median estimate is much more likely to be correct than the US Sentencing Guideline’s 10% presumption; and the implications of the average cartel overcharges results for optimal deterrence and antitrust policy.     

Financial,Economic,Industrial and Commercial Magazines:New Hot Spots on the Media Market

LatelytherehasbeenasayinginChina:thenewspaperandjournalmarketisthelastinvestmenthotspotinChinathiscentury.Coincidentally,twolargenewsseminarsheldnotlOngagoinBeliingfocussedonmediaindustrialization.Onthenewspaperandjournalmarket,manyarespecializedmagazinesonfinance,economics,industryandcommerce,demonstratingbothaphenomenonofcultureandaphenomenonofeconomics.ThenumberofofficiallypublishedeconomicmagazinesinChinaisverybig.ButtheyaregenerallytheproductsoftheplannedeconomyTheChinesemediaisintheha…     

China''''s Auto Industry:What to Do? Step on the Accelerator,Or Put on the Brake?

Just like a "coach", now China's auto industry is revving up on its way. According to the State Statistical Bureau, the most successful industry in this year is no other one than the auto industry. Now, the "coach" is dashing forward along a broad highway, meeting not any "red signal". However, more than 100 cars of different models and varieties running on the same road put people in a flutter. Would any "traffic acdiden heppen at any time? Would it bring     

Nightmare Bosses: The Impact of Abusive Supervision on Employees’ Sleep,Emotions, and Creativity

In the present study, we examine the process through which abusive supervision impacts employee creativity. Specifically, we test whether abusive supervision is associated with lower levels of employee creativity and if this effect is mediated by employee sleep deprivation and emotional exhaustion. Results showed that abusive supervision had an indirect negative relationship with employee creativity via its impact on employee sleep deprivation and emotional exhaustion. These findings contribute to a better understanding of the negative effects of abusive supervision on employee creativity and the processes by which they occur.     

Corporate Social Responsibility and Its Impact on Firms’ Investment Policy, Organizational Structure, and Performance

This study examines the determinants of corporate social responsibility (CSR) and its implications on firms’ investment policy, organizational strategy, and performance. First, we find that firms with better performance, higher R&D intensity, better financial health, and firms in new economy industries are more likely to engage in CSR activities, while riskier firms are less likely to do so. We also find U-shaped relation between firm size and CSR, indicating that either very small or very large firms exhibit high levels of CSR strengths and concerns. Next, we find that firms’ CSR strengths relate favorably with their investments, organizational strategy, and performance, whereas CSR concerns and firm attributes are by and large negatively related. Using a 2SLS procedure, we verify that the CSR–performance relation is robust to corrections for endogeneity through reverse causation and/or biases introduced by time varying omitted variables. Finally, we find that the CSR–firm attributes relation is strengthened when the CEO’s incentives are below the sample median, suggesting that CSR participation is especially important when monetary incentives are lower than benchmark levels.     

Aim for a Unified,Open, Competitive,Orderly Markel——A Comment on China＇s Anti-Monopoly Law

Since its passage two years ago, China＇s Anti-monopoly law has helped to create a business environment that is internationally attractive. While the title entails an ＂Anti-monopoly＂ thrust, the emphasis realistically is on ＂Pro-competition＂. As China＇s economy continues to re- form and strengthen, global attention is increasingly being focused on it. Ultimately, a business environment that is seen as being fair, competitive, and open will help to drive industry ahead.