Research on the Evaluation of the Enterprise＇s Technology Innovation Capability

With the fast development of technology and the fierce market competition, technology innovation has been put on firm agenda to each enterprise＇s success. Under this circumstance, how to improve the innovation capability of enterprise is very important. Meanwhile, how to evaluate the enterprise＇s innovation capability becomes a key point. This paper analyses the content of enterprise＇s innovation capability based on the innovation process. A set of evaluation index systems of enterorise＇s innovation capability have also been given out.     

Analysis on China Cotton Market

China is the world＇s largest cotton producer and consumer and its domestic cotton demand and supply have a great influence on the world market. This paper firstly gives a discussion on Chinese cotton market, especially from a viewpoint of history to study domestic market price fluctuation. The cotton market history from E R. China＇s setting up to present has been divided into four stages and characterized as different agricultural policies applications and economic periodicities. Concluding from the history, artificial influences may be the most important reason of market inequilibrium, up to now, market and artificial interruption, are also the key problem. Then it takes domestic cotton demand as a study object, trying to find what will be a statistic significant cotton demand in national level and it＇s underneath demand frame. Through a seres of analysis on the demand frame, problems have been clearly displayed, an open microeconomic circulation supports our study and six variables had been described by statistics. Therefore, we can analyze the cases of real cotton demand that includes supply and demand reactions in China with experience and estimations. Otherwise, international cotton market is greatly interacted with Chinese domestic market more and more today. Some necessary analysis, such as international cotton supply and demand, Chinese cotton stock policy and world price long run tendency, are very important factors for Chinese cotton development. Those may concern Chinese access to WTO, cotton trade quota and tariff, welfare comparison, etc., all have been discussed in the paper.     

The China＇s Mode Reform Process of Market Economy System and the Level of Marketization

During the new epoch of reform, the discussion and practice launched by the government and the Communist Party of China （CPC） has experienced 4 stages. Since 1992, China has entrenched formally establishing the Socialist Market Economy System, which is a so-called China＇s Mode development way led by the Deng Xiaoping＇s theory. This paper tries to set up an index system to evaluate the development level of China＇s market economy from 1992 to 2001.     

Analysis on the Correlation between Stock Exchange and Economic Growth

The problem considered is the correlation between stock exchange and economy growth. Stepwise regression is being used on the following figures： increasing rate of GDP, the volume of stock market, and liquidity. As a result, we give .an.equation of national economy and stock market. Then, we use Granger＇s Causality test to prove that the stock market has positive effects on the national economy.     

The obstacles of China＇s economic transformation

In the past 30 years, China has gone from the transformation from a planned economy to a market economy, from the extensive economic growth mode to intensive economic growth model, and from relying on investment and export-led economy to relying on domestic demand and stimulating economic. China＇s economic transformation includes three parts： The first is the reform of economic system, the second is the change in the pattern of economic growth and the third is the adjustment of economic structure. This article describes the historical evolution and the reality of China＇s economic transformation, analysis the obstacles to China＇s economic transformation, and on this basis, put forward some suggestions.     

Analysis on Demand Price of Housing Industry and its Bubble Test

WANG Shi-fei, FAN Wang-bang In recent years China＇s housing price keeps going up and Chinese government has adopted some measures to control it, but the result is not satisfying. The current situation is that the housing price goes up among goverment＇s effort to control it. Based on view of demand and housing price, the paper has a deep analysis on relation between demand and housing price. The analysis shows that overdemand and low financial threshold lead to high price of housing. After having a test on bubble in housing market, the paper puts forward some measures to promote sound development of housing industry in China.     

对外经济发展与生态环境研究

Since China＇s opening to the outside world, a large amomt of foreign investment has flowed into the country. The domestic economy has been full of vigor and vitality after adepting the socialist market economy, which contributes to a higher economic growth. However, ecological enviromnent has a close relationship with the foreign economic development. The good ecological environment and natural resources are the foundation of foreign economir development. With the expansion of its market economy. China is confronted with a series of sustainable development challenges related to population, resources and environmental protection, etc. How we should prevent and control effectively the impact of economic development upon the environment and avoid serious. effect and damages on environmental quality are the key points this paper will discuss.     

How Green is China＇s Path of Catching Up？ An International Comparative Evaluation

China＇s rise as a global economic power in recent decades has been achieved with tremendous environmental costs. Has China been an abnormally heavier polluter in its development path？ How has pollution accounted for China＇s hyper economic growth？ This study answers these questions by evaluating the environmental effects of China＇s growth using a data set of 61 countries over a period of four decades. The analysis is focused on two pollutant emissions： CO2 emissions, which carry global externalities, and particulate emissions, of which the environmental cost is more domestic. A fractional polynomial （FP） regression model is estimated to project emissions levels per worker based on lagged values of per capita GDP and other variables. It reveals that China＇s CO2 emissions have been higher than the projection for most years with an average margin of over 5.3% while its particulate emissions have exceeded projection by an average margin of more than 7.5%. The excessive emissions levels of both pollutants confirm the severity of China＇s environmental challenges and indicate great potential for the economy to work for a greener growth pattern. On the other hand, contributions of emissions to multi-factor productivity （MFP） growth are estimated by FP regressions based on a human-capital augmented growth model. The results show opposing trends of CO2 and particulates in their ＂contributions＂ to GDP growth, which imply asymmetric incentives to abate the two types of pollution. These findings have important implications for China＇s environmental policy making.     

Analysis of China＇s Logistics Market and the Cooperation in Northeast Asia

In recent years, China＇s logistics market has developed very fast, characterized in demand and supply aspects. Such increase in logistics and other industries of China＇s economy, give more opportunity to the cooperation of logistics system in Northeast Asia. This paper will give more detailed analysis on the logistics market in China with the data coming from the recent survey of the research center of logistics in Nankai University and National Development and Reform Commission.     

The empirical study on enhancing the management of private hospitals at the beginning of their foundation

The private hospital has increased the capacity of health service delivery in number and is going to become an important supplement for medical resources. The thesis is combined with the actual situation of Chongqing Tongkang Orthopedic Hospital after its opening within half a year, so as to discuss the enlightenment from the position of medical institution, the performance management, the hospital culture and competitive environment at the beginning of the private hospital＇s foundation.     

A ＂Paradox＂ in China＇s Environmental Management： An Argument From a Comparative Study on Waste Recycling Policies Between China and Japan

China appears to have a ＂paradox＂ in its environmental management policies. For example, China＇s recycling policies appear paradoxical. With its rapidly expanding economy, China is now the world＇s largest emitter of urban waste. Under such a situation, China is aiming to build up a recycling economy by enacting a number of related laws. Despite the development of waste recycling regulations, however, the load on the environment by continuously increasing waste has not reduced in China so far. What explains this seemingly paradoxical situation of waste recycling in China？ It has been pointed out in the previous study on China＇s climate change policies that environment protection falls under the rubric of sustainable development in China. The question here is whether the same story can be applied to areas other than climate change in China＇s environmental management. This paper examines it in the area of its waste recycling policy. This paper conducts an evaluation of waste recycling regulations in China by comparing it with the experience of Japan, China＇s next-door advanced country. It concludes that the waste recycling regulations in China do not primarily aim at reducing the environmental load by reducing the amount of waste but rather for the main purpose of recycling and reusing resources effectively for the sake of economic development.     

The Timing of Annual Report Disclosure:Characteristics and Economic Consequences——Evidence from Two Stock Exchanges in China

This paper analyzes the annual reports(from 1997 to 2011)of firms listed on two stock exchanges in China and reveals four significant characteristics of disclosure timing.These characteristics have significant economic implications for stock market movement,including positive contributions to stock price,trading volume and abnormal return.It thereby demonstrates that the CSRC’s"balanced disclosure"policy has not been working as expected and needs further review and improvement.     

E-commerce＇s Impact on Traditional Business Development

The development of E-commerce accelerates the development of invisible market; the tangible market＇s functions of the retail trader will be replaced by the invisible market＇s function of the Intemet. The retail trader＇s functions tend to be weakened. With the direct integration by producing and consuming with the progress of E-commerce, the wholesale trader is going to shrink. Simultaneously, the E-commerce has solved the unsuitable contradiction of the producing and consuming structure and challenged the traditional storage industry. By the instance of changing from tangible function to invisible functions and improvement of information environment, the precondition of enterprise＇s expansion happened to be varied, and the scale of modem business enterprises will have a new developing trend.     

A model of local labor market regulation of China in the transition period

With the establishment of labor market of China, market is playing a more and mare important role in allocation of human resources. However, with the transition of economy in China and industrial upgrading in recent years, many labor problems have occurred which do harm to the sustainable development of local economy. The paper researches on the labor market issues of China from the perspective of local labor market regulation. Firstly, it reviews the theories of local labor market regulation. And then the main components of local labor market regulation of China are identified and the evaluation index system is established. The results of analysis of the calculated output show that （1） the local labor market regulation of China has an obvious character of gradient distribution geographically and decreases gradually from east to west; （2） of all the regulations, the regulation of the development of human capital has the most significant impact on local economy currently which is followed by the regulation of labor relation and the regulation of market participation. As to the regulation of social security, it has no Significant impact on the development of local economy.     

CONTENTS

Confucian Ethic and the Cultural Logic in Economic Development
ZHANG Jie （China Financial Policy Research Center, Renmin University of China, Beijing, 100872, China）
Abstract： Opinions differ in academic field regarding the relationship between Confucian ethic and economic develop- ment. The research done in the paper suggests that Confucian ethic originated from the practical demand of guaranteeing the smooth operation of family organization. Afterwards, it served as a coordinator between government and individuals, thus bringing about the institutional compromise bet,~een family and bureaucracy which constituted the foundation of market system unique to China. Institutional equilibrium between government and other market forces will be the key el- ement in the successful development of market economy, which, as can be predicted, will have everything to do with Confucian ethic. In the paper, the author holds that Confucianism features internal conflicts on macro-versus micro-lev- els. On the macro-level, it has set a very high threshold for wealth and morals while on the micro-level little attention has been paid to how to create wealth. Thus it is rational and justified for the foregone reform to have put priority on ab- sorbing the merits of the western system which is based on protestant ethic so as to increase wealth accumulation. How- ever, such a process is lack of stability and tolerance and is prone to deviation of wealth from morality. This is where Confucianism steps in to function as a corrector. The paper concludes that the long separation of wealth accumulation from its own cultural tradition has become the biggest obstacle to future growth. In the face of intensifying conflicts in economic society, the only correct choice is to retrieve tradition and have the economic reform rooted in its own cultural soil. Key Words： Confucian Ethic; Institutional Compromise; Endogenous Market Function; Economic Development; Cultural Logic     

The Research on the Interreact act Development of Agricultural Modernization and Internationalization in the Area of Eastern Shandong

With the Chinese reform and opening-up, especially when entering the 90s of the 20th century, the internationalization process of China＇s economy is accelerated constantly, and at the same time the modernization of China＇s agriculture is also accelerated constantly. It makes China＇s agriculture modernization under the background of internationalization. Therefore, the integration of China＇s agricultural modernization and internationalization becomes an inevitable choice in developing China＇s modem agriculture. This paper takes the practice of agricultural modernization and internationalization in the area of eastern Shandong province as a basis and uses Panel Data model to analyze the interact relationship between agricultural modernization and internationalization quantificationally with the data of the seven cities in the area of eastern Shandong. The result indicates that agricultural modernization and internationalization have the relationship of interact development.     

On China＇s Economy： A Tentative Research from a Dual Visual Angle

Most economists approach the economy of China from a single visual angle considering it as a special economic modality of transition economy. Based on the analysis from the single visual angle, the paper puts forward a dual visual angle treating China＇s economy as one of both transition and transformation features, and attempts to research it from this dual visual angle.     

Which Type of Urbanization Better Matches China＇s Factor Endowment： A Comparison of Population-Intensive Old Puxi and Land-Capital-Intensive New Pudong

Based on a comparative study of New-Pudong （East Shanghai） and Old-Puxi （West Shanghai） in their respective ability to absorb rural migrants, the very essence of urbanization, this paper finds that, constrained by the current hukou （household registration） system and land tenure system, although New-Pudong has emerged as one of the most modernized urban areas in the world, it did so under an urbanization model that is government-dominant and characterized by high land-intensity and capital-intensity. This model represents a serious mismatch in terms of China＇s factor endowment that is characterized with a large but relatively poor rural population. In sharp contrast, guided by the market mechanism under private land ownership and free migration, Old-Puxi emerged as an urbanization model that was very adaptable to China＇s factor endowment and stage of development. Therefore, as a model of endogenous urbanization, Old-Puxi is more efficient and inclusive, at the same time more sustainable economically and environmentally, and for this reason more applicable to China at a time when China needs to urbanize most of its rural population urgently to avoid the further worsening of the rural/urban divide and income disparity.     

Economic impacts of the Natural Forest Protection Program in Yunnan Province, China： an input-output analysis

The paper assesses the economic impacts of the natural forest protection program （NFPP） on the economy of Yunnan Province, China.in terms of gross output, value added,employment, and household income. An inputoutput model is developed to estimate NFPP＇s economic impacts by means of backward linkages in the forestry sector and logging and haudage sector. It is found than the NFPP has positive impacts on gross output, value added and houschold income in the initial year, but has significantly negative impacts on the regional economy in the following years as the investment decreases.     

The “China Dream” in Question

This paper discusses the historical changes of China’s dream with an analysis of the methodological China that has provided China both flexibility in its imitations of the Western modernization and the potential ability to participate in the innovations of new rules of the global game.The author believes that the methodological China is a better concept to understand China as it always goes.