Economic Development During the Olympics

Cash or card:financial Services under pressure"I clearly remember the first time I came to Beijing ten years ago;I had to pay cash when I went shopping.But now,things are different.Plastic cards are accepted at many public places,and it is very conve- nient."said Jenny,an American designer who came to Beijing for business.Two very     

2005 China＇s Economic Development Trend

The fruitful 2004 almost passed and the promising 2005 is coming. Through arduous practice of macro control for more than one year, people now are full of confidence about the development of China‘s economy and have a clear understanding of those prob-lems existing.     

Trends for China's Economic Development in 1995

Following a series of reforms conducted in the financial, taxa-tion, foreign trade, investment, price and distribution structures—a decisive step for the establishment of socialist market economic structure, China's economy has entered 1995. This year, China's economic development will feature the following trends: 1. National economy will continue to maintain high growth, and GDP will increase by around 10％. In recent years, the growing global economy has formed an excellent external environment for China's economic development; domestically, the adequate     

Minister Wu Yi On the Development of China's Foreign Trade and Economic Cooperation in the 1990s

Minister of Foreign Trade and Economic Cooperation Wu Yi made a report entitled Opportunity and Prospects: Basic Thoughts on the Development of China's Foreign Trade and Economic Relations in the 1990s to Chinese and foreign participants working in this fields at an international seminar on China's Foreign Trade and Economic Cooperation held in Beijing in mid-May.     

The Ethical Challenges of the UN’s Clean Development Mechanism

This paper examines the ethical implications of the Clean Development Mechanism (CDM), the United Nation’s climate change initiative that provides incentives to countries and firms in developed countries to motivate investments in greenhouse gas reduction projects in developing countries. Using the tenets of agency theory, we present a solid waste management project in El Salvador as an illustrative example of how the CDM can produce a disproportionately high social cost for the most marginalized populations in the developing world. We suggest that the UN needs to reformulate the CDM so that it more effectively aligns the divergent goals of multiple actors and upholds the UN’s principles for sustainable development, including ethical firm-level behavior. By providing incentives for environmental, economic, and social value creation, the CDM would not only promote ethical norms for profit-seeking firms that participate in the program but also reinforce the UN’s twin pro-poor and environmental objectives.     

Four Key Aspects Emphasized for China''''s Economic Development in 2003

It is predicted that China's economy will maintain a relatively high growth rate in 2003. Key aspects for economic development have been identified as the following: expanding domestic demand, speeding up structural readjustment, further promoting reform and opening up, and increasing employment and strengthening social security. China Central Television (CCTV) reports that the state will continue to implement the pro-active fiscal policy this year. However, what is different from last year is that more government funds will be used to improve the public welfare while     

Zhejiang Pingyang Economic Development Zone

ZhejiangPingyangEconomicDevelopmentZoneisanexemplaryeconomiczoneapprovedtosetupbyZhejiangprovincialgovernment.LocatedattheKunaoPlainalongtheAojiangRiver,itisthehubofthesouthwingofWenzhou'scoastaleconomicarea,aswellasthecoreofKunaocompositecity,whichi...     

Five Points in One-line Strategy—-Decoding the Development Plan for Costal Economic Zone in Liaoning

To promote the economy in Liaoning and to revitalize the industry base in Northeastern China, we need to improve the competing ability of coastal industrial clusters in Liaoning Province. Through the industrial cluster around the projected Northeast Asia Shipping Center in Liaoning, the province will boost the development and construction of coastal area step by step： join these ports there into a line and form a cluster and then realize the overall prosperity.     

Higher Level of Dependency of China＇s Economic Development on Logistics

In line with the data from Ministry of Commerce, the total value of China's logistics amounted to RMB38.4 trillion in 2004, growing by 29.9% over2003 with the increase 2.9% over 2003. According to introduction, demand for logistics has got rapid growth in 2004 in China. Logistics demand coefficient, the ratio of the total GDP in China and the total value of logistics is 2.8 with a trend of continuous increase, obviously     

Triage? Assessing the EU’s Modernisation Proposals for the WTO

According to the European Commission (EC), the WTO is struggling to credibly remain the go-to place for trade negotiations.1 Indeed, after the Commission stated its concerns, EU-Ambassador to the WTO Marc Vanheukelen commented that if the organisation does not take measures to move forward, the result would be “the demise of the rules-based trading system”.     

The AfD’s Winning Formula — No Need for Economic Strategy Blurring in Germany

Intereconomics - Western European Populist Radical Right Parties (PRRPs) have addressed the dispersed socio-economic status of their electorates by blurring their economic positioning. This...     

CBO’s Outlook for the Economy in February 2014

These remarks summarize the economic forecast and budget outlook that the Congressional Budget Office (CBO) published in February 2014. The discussion has not been updated to reflect subsequent economic and budget data or subsequent projections by CBO. Under an assumption that current laws governing federal taxes and spending remain in place, CBO projects that real GDP will expand by roughly 3 percent between the fourth quarter of 2013 and the fourth quarter of 2014—the largest rise in nearly a decade. Similar annual growth rates are projected through 2017. Nevertheless, CBO estimates that the economy will continue to have considerable slack for the next few years. To a large degree, the slow recovery of the labor market since the official end of the recession in 2009 reflects slow growth in the demand for goods and services. To a smaller degree, that slow recovery is the result of structural factors that stem from the recession and the subsequent weak growth of output but that are not directly related to the economy’s current cyclical weakness. The unemployment rate is expected to remain above 6.0 percent until late 2016. Moreover, labor force participation is projected to move only slowly back toward what it would be without the cyclical weakness in the economy. Beyond 2017, CBO expects that economic growth will be well below the average seen over the past several decades, primarily because of slower growth in the labor force arising from the aging of the population. Inflation, as measured by the change in the price index for personal consumption expenditures, is expected to remain at or below 2.0 percent throughout the next decade. Interest rates on Treasury securities are projected to increase in the next few years as the economy strengthens. The federal budget deficit has fallen sharply during the past few years, and it is on a path to decline further this year and next year. However, if current laws remain unchanged, the deficit will increase again after a few years because revenues are expected to grow at roughly the same pace as GDP whereas spending is expected to grow more rapidly. Federal debt held by the public is expected to equal 74 percent of GDP at the end of this year and close to 80 percent a decade from now.     

Social Planner’s Solution for the Caspian Sea Conflict

This paper evaluates the proposed alternatives for sharing the Caspian Sea from the social planner’s or systems-level perspective with respect to the stakeholders’ utilities from the oil and natural gas resources of the sea. Different multi-criteria decision-making methods, namely dominance, maximin, lexicography, simple additive weighting, and TOPSIS are applied to determine the social planner’s ranking of these alternatives. Results suggest the Condominium governance regime as the most promising division method. Bankruptcy rules and cooperative game theory methods can be considered as the other socially optimal resolutions to the conflict over sharing the Caspian Sea energy resources among its five littoral countries. Consideration of these methods in negotiations may help with resolving the existing deadlock, which has been in place for two decades.