Why Double Surplus in China＇s International Balance of Payments？

In accordance with the theory of development economics, developing countries should maintain a current account deficit and capital account surplus, and achieve a higher level of investment through foreign savings rather than just domestic savings. The international financial crisis not only hit the European and US economy, but also gave China＇s macro-micro economy a heavy blow. However, China＇s international balance of payments still maintained a double surplus,     

Balance of Import-Export Achieved in China's Foreign Trade

China's foreign trade has seen sustained and high speed development this year. Its US$12.18 billion unfavourable balance in trade last year changed quickly with a gradual monthly and quarterly increase in exports and a slow-down in import. By the end of July, the balance of exports and imports has been basically achieved. According to statistics of customs office the total volume of exports and imports for the first seven months of 1994 was     

Change the Pattern of Foreign Trade Growth, Balance China＇s International Payments

China＇s external economic imbalance is becoming the focus under the circumstance of global economic imbalance. Recently, the Chinese central government attached great importance to this issue,     

International Cooperation in China's Water Conservancy

Owing to historical reasons, China's water conservancy department was seldom in contact with foreign countries in the past. But along with the constant development of the opening to the outside world, over the past decade China's water conservancy department has undertaken wide exchange and cooperation with numerous countries in the world. It has     

Further Enhancing the International Competitiveness of China's Chemical Industry

Foreign-oriented Economy Entering a New Stage The Eighth Five-year Plan period saw the fastest development of the foreign-oriented economy in China's chemical industry, with an accumulated import and export value of US$100 billion, including US$38.3 billion of exports. In 1996 the total import and export value reached US$30 billion, including US$12 billion of exports. Now, more than 300 chemical enterprises and institutes have obtained foreign trade     

What's up in China's VC?

Given three years of back to back growth in venture in- vesting in China,is the trend likely to continue?What sorts of changes are ahead? Earlier in 2005,Francesco Guerrera in Hong Kong and Andrew Yeh in Beijing said of all the industries that could be created by government fiat, venture capitalism looks like an unlikely candidate.Based on the interaction between entrepreneurs with more vision than funds,     

Changes in China's Trade Policy?

We will steadily develop foreign trade.The main issues are to exploit new markets,adjust the trade structure and promote trade balance,Chinese Premier Wen Jiabao delivered a government work report at the opening meeting of the annual full session of the National     

China's Strategy on the Production of Jumbo Jets Through International Cooperation

The "MD-90" jumbo jets now being produced jointly by China and the United States and the "AE-100" jet planes planned to be produced together with several foreign partners seem like "a green lightweight boxer standing in front of a boxing champion" when compared with those jumbo jets built by Boeing or     

China's Exports of Mechano-electrical Products in 1997

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Why Is the Progress of Marketisation Slow in Russia?

Summary

The paper highlights economic and socio-cultural conditions representing constraints for marketisation of Russia and explains why marketisation has been out of step with other highly significant macro- and microeconomic developments. Marketisation is unlikely to make headway unless economic conditions and market requirements will make its importance unequivocal to all market agents. Standard marketing techniques and activities require appropriate adaptations in an ideologically neutral manner. Consequently, the transfer of know-how may play only a very limited role following the discrepancy in business conditions in developed market economies and transition economies.     

Vital Contents of China's Foreign Trade in 2007

No.1-2 SPECLAL REPORT Sino-African Trade Cooperation China Should Attach Importance to GNP as well as GDP Foreign Trade in 2007,Stable and Rapid Development Forecasted Governor Punjab,Pakistan: Pakistan-China Friend-     

Vital Contents of China's Foreign Trade in 2008

No.1·2 SPECIAL REPORT China 2008 Ready?GO! Smoothing Eeonomie Trends in 2008 Major Faetors infiuenees the 2008 Stoek Market Domino Effeet on Electrieity and Coal Priees RMB APPreciation in 2008 2008:Golden Time in Gold Market China，5 National 011 Reserv…     

China's Export and Import Climbs Up in 2010?

The data issued by the National Bureau of Statistics indicate that in 2009 China's GDP was increased by 8.7% year on year, for which the investment, consumption and export respectively contributed 30.1 percentage points, 15.5 percentage points and minus 16 percentage points. It is obviously the growth of China's economy last year was mainly attributed to the expansion of domestic demand, and the export actually dragged backward the uneasy growth. But would it be the same old story in 2010?     

Forecast of New Growth Points in China's Machinery Industry

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Why So Small? Explaining the Size of Firms in Latin America

On average, Latin American firms are small with respect to world patterns, both in terms of the quantity of assets they control and the amount of employment they generate. We examine data on firm size from developed and developing countries around the world to assess the influence of demand, supply and institutional factors on the size of the largest firms in each country. We find that, besides the size of the economy and the level of income per capita, the key determinants of the size of firms are trade openness, stock market capitalisation and physical infrastructure. Our simulations suggest that if the gaps with respect to the best Latin American performer were closed in each of these three areas, firm size in the countries of the region would – on average – reach world patterns.     

On China's Foreign Trade Development and Linkage with the Customary Rules of International Trade

Although great differences exist between the trade systems of different countries,internationaltrade must go on in line with the customary international trade rules.As China's economy developsand the socialist market economic system emerges,China is basically qualified to link up withcustomary international trade rules.In the Ninth Five-Year Plan period,China's reform of its foreigntrade system aims at setting up a trade system that conforms with international trade practice.Forthe purpose,the author of this article suggests that a neutral trade policy should be adopted inaccordance with the international practice since it does not hinder exports,nor restrict imports toan excessive degree.     

On the Road to Reforming China's Financial Markets2004 China International Conference in Finance Held in Shanghai

Three outstanding institutions,Tsinghua University′S China Centhe for Financial Research(CCFR),the MassachusettS InstitUte ofTechnology’S(MIT)Sloan School ofManagement,and the China Europe International Business School(CEIBS),came together to promote the country’Sreform and opening of its financial markets in China at the Shanghai International Conference Centre on July 8 to 10,2004.The conference provided an openplatform to bring together researchers     

China's PPI of Manufactured Goods up 2.4% in July

China's producer's price index (PPI) for manufactured goods rose by 2.4% in July over the same period of last year, the National Bureau of Statistics said. Meanwhile,the purchase price index of raw     

Does Religious Similarity Matter in International Trade in Services?

Impacts of religion on trade in services were examined using gravity models with two estimation methods: Poisson pseudo‐maximum likelihood (PPML), to correct for heteroscedasticity and bias due to the exclusion of zero trade flow, and standard Heckman correction to compensate for sample selection bias. We found that religious similarity contributes to increased international trade in services by establishing ‘trust‐related institutions’. Second, religious pluralism (variety) fosters trade even more than religious similarity, suggesting that in facilitating trade, religious openness matters more than religious similarity. Third, a strong dominant religion discourages trade in services, whereas the presence of religious minorities encourages trade in services. A highly significant inverse Mill's ratio (IMR) result indicated the presence of sample selection bias, indicating that controls are necessary to prevent estimation bias. This study concluded that religion is an important determining factor for trade in services, positively affecting interpersonal trust and thereby reducing institutional distance between countries.