Export Decline Leads to a Weaker RMB？

Since the beginning of 2008, rising prices of raw materials, labor cost and RMB value have caused sharply decreased profits of export enterprises in China. And the last straw seems to be the plunging demand in foreign markets which results from the financial crisis. Hit by the dual-shock, a large number of small and medium-sized export enterprises have Closed down. Apparently export as an important driving force for China＇s economic growth is now faced with an unprecedented crisis.     

The New Offensive to RMB

It is suggested from presentsituation that, to RMB, a new offensive seems to be organizedby international community.     

RMB26 Billion to Protect Energy Security

Recently, Beijing International Power Develop and Investment Corporation and Beijing Comprehensive Investment Company announced the merge and establishment of Beijing Energy Investment (Group) Co., Ltd. Some insider said this "big cruiser" of total energy worthy RMB26 billion will of-     

What Really Leads to Partner Relationship Management? A Review of Literature

This research article aims at providing a comprehensive overview of the Partner Relationship Management (PRM) domain through an exhaustive literature survey. Current scenario, definitions/perspectives, breakdown of studies by nation, PRM as a software application, the need for PRM, the process of developing partner relationships, and major models, along with major defining constructs and other major insights, have been summarized in the area of partner relationship management using content analysis. The focus is on bridging the gap in the existing academic literature by providing a comprehensive compilation of partner relationship management literature inclusive of B2B and B2C scenarios for future researchers. A list of select premier academic databases has been used to identify the relevant research papers in the domain. This article will help in reducing the time and efforts of researchers by quickly providing a comprehensive view of the PRM literature.     

A Great Deal from Continental Airlines-Beijing to New York with a RMB 616 Discount

To celebrate the first anniversary of the daily nonstop service between Beijing and New York, Continental Airlines is offering a special discount ticket for travel on June 16, 2006.     

Only RMB2,350 from Beijing to Hong Kong

Dragonair is launching special offer during the Labor Day holidays at RMB2,350 for a round trip economy class ticket from Beijing to Hong Kong. All you need to do is to depart Beijing between April 28 to May 6, 2005. For your convenience, you are free to choose any one of our eight daily flights!     

RMB10 MIn to Reduce Ukraine Chornobyl Catastrophe

April 26,2006 was the mark of the 20th anniversary of the explosion at the Chernobyl Nuclear Power Station in Ukraine. Chinese Government and Ukraine Govern ment signed an agreement, according to which China would provide 10 million yuan     

A Great Deal from Continental Airlines - Beijing to New York with a RMB 616 Discount

To celebrate the first anniversary of the daily nonstop service between Beijing and New York, Continental Airlines is offering a spe- cial discount ticket for travel on June 16,2006. In addition to being the first U.S. airline to enter China since the Sino-U.S. Bilateral Aviation Agreement, Continental Airlines (NYSE: CAL) also became the first U.S. airline to launch a direct daily     

Tariff Revenue to Exceed RMB470 Billion This Year

General Administration of Customs announced recently that the tariff revenue grows at a high speed this year. From January to November 2004,the national tariffrevenue was RMB433.436 billion, which exceeded RMB371.1 billion last year.     

Who Leads More and Why? A Mediation Model from Gender to Leadership Role Occupancy

Previous research has shown that female leaders lead slightly more effective than male leaders. However, women are still underrepresented in higher management. In this study, we seek to contribute to a deeper understanding of this paradox by proposing and testing an innovative model that integrates different research streams on gender and leadership. Specifically, we propose power motivation and transformational leadership as two central yet opposing dynamics that underlie the relation between gender and leadership role occupancy. We tested this model in a sample of 256 employees. Results provided support for the proposed relations. These findings contribute to a more detailed and comprehensive understanding for central dynamics that link gender and leadership role occupancy. Moreover, they provide important insights for interventions that are targeted at reducing the gender gap in leadership. We discuss the theoretical and practical implications of these findings.     

Retail Sales Set to Hit RMB10 Trillion by 2010

China's retail sales will continue to grow at a fast rate over the next few years, thanks to the government's increasing emphasis on stimulating consumer demand.     

China to Invest RMB58 Billion on Farmland Irrigation Infrastructure

From September, 2003 to May, 2004, the Chinese government invested RMB58 billion (US$7 billion) on national farmland irrigation infrastructure construction, said a senior official with the Ministry of Water Resources.     

Successful Spaceflight to Generate RMB 120 Billion of Relevant Industry

From October 12 to October 17, China＇s Shenzhou-VI spaceship fulfilled 150-more hours ofspace flight, marking a great step of Chinese people toward the space scientific exploration.     

China's Online Sales to Top RMB51 bin in 2007

China's online sales are estimated to hit RMB51 billion (US$6.38 billion) in 2007, up 63% on the previous year, according to a report by iResearch, an Internet research company. The report shows the registered number of online shoppers was 43.1 million in 2006     

Can “Real” Men Consume Ethically? How Ethical Consumption Leads to Unintended Observer Inference

Based on social cognitive theory, this paper explored the cognitive mechanism between ethical leadership and the followers’ extra-role performance. We tested a moderated mediation model in which general self-efficacy mediated the relationship between ethical leadership and the employee extra-role performance, while intrinsic motivation moderated the relationship between ethical leadership and subordinate’s general self-efficacy. Data were collected in two waves from 208 dyads. Results supported the time-lagged effect of ethical leadership on individual extra-role performance and the mediating role of general self-efficacy. Moreover, our findings revealed that intrinsic motivation positively moderated the effect of ethical leadership on general self-efficacy. Furthermore, intrinsic motivation also moderated the indirect effect of ethical leadership on extra-role performance via general self-efficacy. Theoretical and practical implications were further discussed.     

RMB 7 billion to be injected for museum maintenance in Beijing

The Beijing Municipal Government has decided that starting this year, a total of RMB 7 billion will be invested to improve the city's museums in the coming yeas. Municipal sources say that the money will be used in construction new museums as well as carrying     

China to Invest RMB58 Billion on Farmland Ir- rigation Infrastructure

From September, 2003 to May, 2004, the Chinese government invested RMB58 billion (US$7 billion) on national farmland irrigation infrastructure construction, said a senior official with the Ministry of Water Resources. Zhai Haohui, Vice-Minister of Water Resources, told a national farmland irrigation conference in Nanchang that the Chinese government is increasing its investment in this area year by year.     

How to generalize from a hierarchical model?

Models of consumer heterogeneity play a pivotal role in marketing and economics, specifically in random coefficient or mixed logit models for aggregate or individual data and in hierarchical Bayesian models of heterogeneity. In applications, the inferential target often pertains to a population beyond the sample of consumers providing the data. For example, optimal prices inferred from the model are expected to be optimal in the population and not just optimal in the observed, finite sample. The population model, random coefficients distribution, or heterogeneity distribution is the natural and correct basis for generalizations from the observed sample to the market. However, in many if not most applications standard heterogeneity models such as the multivariate normal, or its finite mixture generalization lack economic rationality because they support regions of the parameter space that contradict basic economic arguments. For example, such population distributions support positive price coefficients or preferences against fuel-efficiency in cars. Likely as a consequence, it is common practice in applied research to rely on the collection of individual level mean estimates of consumers as a representation of population preferences that often substantially reduce the support for parameters in violation of economic expectations. To overcome the choice between relying on a mis-specified heterogeneity distribution and the collection of individual level means that fail to measure heterogeneity consistently, we develop an approach that facilitates the formulation of more economically faithful heterogeneity distributions based on prior constraints. In the common situation where the heterogeneity distribution comprises both constrained and unconstrained coefficients (e.g., brand and price coefficients), the choice of subjective prior parameters is an unresolved challenge. As a solution to this problem, we propose a marginal-conditional decomposition that avoids the conflict between wanting to be more informative about constrained parameters and only weakly informative about unconstrained parameters. We show how to efficiently sample from the implied posterior and illustrate the merits of our prior as well as the drawbacks of relying on means of individual level preferences for decision-making in two illustrative case studies.

     

China''''s GDP exceeded RMB10 trillion last year and is expected to have a 7% growth this year

Zhu Zhixin, General Director of State Statistics Bureau, recently released his estimation in Beijing: if the global economy does not encounter sudden reverses, due to China's maintenance of the continuity and stability of its macro economic policies and relatively high overseas and domestic demands, seen from present situation and IMF estimation, China's GDP is expected to witness a 7% growth this year. Zhu Zhixin said, in 2002, China's GDP is expected to exceed RMB 10 trillion