Gongratulatory Messages For the 60th Anniversary of the Founding of PRC

October 1st is a time for the whole Chinese people to celebrate the 60th anniversary of the founding of the People's Republic of China.Foreign embassies in China are extending their congratulation messages to China's Foreign Trade,dedicating to the historic day that deserves our memory.     

Looking at the brain: Neural effects of “made in” labeling on product value and choice

International business research posits that, under certain circumstances, consumers prefer goods manufactured in their own country regardless of their country of origin image. Yet the psychological origin of such Domestic bias remains unknown. This study presents a neuroimaging experiment developed in Spain. The task combined low and high involvement goods marked with Domestic “Made in Spain” and Foreign “Made in USA” (similar culture) and “Made in China” (different culture) labels. The findings reveal that Domestic goods always convey neural rewarding sensations. Neural aversive biases toward Foreign goods occur only when the products are culturally different and high involvement. These findings help improve business retailing strategies.     

Yuan Appreciation——At the 7-Yuan Mark

On April 10, China's currency, the Yuan, opened at 6.9920 against the U.S.Dollar, compared to an exchange rate of 7.0017-to-1 on the previous day, breaking the 7-yuan mark for the first time since the govemment un-pegged it from the Dollar in 2005, according to the China Foreign Exchange Trading System.     

中国建立覆盖城乡社会保障体系的基本条件分析——基于国际比较的经验

中国正着手建立覆盖城乡居民的社会保障体系。从国外的经验来看,虽然各国建立这一体系的社会背景不同,但都是在满足一定的人均GDP、工业化与城镇化水平等基本条件下完成的。基于国际比较的经验,对中国建立覆盖城乡社会保障体系的条件进行了比较分析。虽然中国现阶段已初步具备了建立这一体系的基本条件,但条件并不充分。今后应该依据具体国情和条件分阶段逐步推进这一体系的建设。     

Advertising in China—Problems and Prospects

Economic reform in China has revived the importance of the market forces and of advertising. Although advertising has a less important role in the Chinese market than in Western countries, it is the fastest growing industry in China. Foreign participation in advertising is limited and contributes about 10 per cent of Chinese advertising revenues. This paper argues that there is ample opportunity for foreign advertisers. Nevertheless, because the Chinese market is different, foreign advertisers need to be patient when attempting to enter the market. The problems and prospects of advertising in China are pinpointed in this paper. Some precautionary measures for the advertisers are also discussed.     

Provisions on the Administration of Foreign Exchange in Domestic Securities Investments of Qualified Foreign Institutional Investors

In accordance with the Regulations on the Foreign Exchange Administration of the People＇s Republic of China and the Measures for the Administration of Domestic Securities Investment by Qualified Foreign Institutional Investors, the State Administration of Foreign Exchange has formulated the Provisions on the Administration of Foreign Exchange in Domestic Securities Investments of Qualified Foreign Institutional Investors, which came into effect on the date of its promulgation.     

外国直接投资对我国城镇贫困的影响——基于1985-2005年家户调查数据的协整分析

外国直接投资(FDI)一般能够促进东道国的经济增长,但对于收入分配以致对于贫困的影响却是不确定的。本文运用协整理论和自向量回归模型实证研究了外国直接投资与我国城镇贫困之间的关系。结果表明,外国直接投资显著地提高了贫困人口在总人口中的收入份额,因此会产生有利于穷人的经济增长,具有积极的减贫效果。但是外国直接投资同时也加重了贫困人口内部收入的不平等。     

新形势下中国对外文化贸易的困境与出路——基于中美视听服务案的剖析

中美视听服务案虽是两国贸易争端中的个案,却有着不同寻常的代表意义。无论从市场、结构、体制、科技发展,还是国际外部环境等方面来看,该案透视出中国对外文化贸易面临诸多困境。而走出困境的根本在于实力的提升。中国对外文化贸易要在后危机时代寻求变革的背景下探索出中国特色的对外文化贸易发展路径,建立应急保障体系、国际化组织保障体系、法制化管理和审查体系,加强区域性对外文化贸易合作,提升中国对外文化贸易国际影响力和主导力。     

当前本土私募股权基金的七大问题

私募股权基金作为中国资本市场上的新宠,正在如火如荼地发展。而本土私募股权基金因其特殊的优势更是有着广阔的发展空间。然而,我国本土私募股权基金发展至今,在构建我国多层次资本市场以及给广大中小企业提供资本支持的同时,亦暴露出了众多急需予以解决的问题。为此,客观剖析我国当前本土私募股权基金发展中存在的问题,将有助于对这一新兴领域有更为深入地了解,以期对我国本土私募股权基金的健康发展有所裨益。     

The business of product counterfeiting in China and the post-WTO membership environment

China is generally acknowledged to be the world's number one country producer of counterfeit products. After becoming a member of the World Trade Organization (WTO) China is now obligated to comply with WTO provisions on protection of intellectual property rights (IPRs). However, product counterfeiting operations in China are well entrenched. The postWTO membership environment has changed little, and such illicit operations are unlikely to subside soon. Furthermore, there is not much foreign companies can do because the response strategies recommended in the business literature have limited effect in the Chinese environment. Foreign companies may have to wait until China becomes on balance a victim instead of a benefactor of product counterfeiting before they can hope to see better protection of their IPRs.     

Equity ownership and management control in Sino-foreign joint venture hotels

This article investigates the ownership-control relationship among China international joint ventures in the hotel industry. The findings indicate that equity ownership by foreign partners strongly affects their control over staffing and strategic management activities. This relationship is robust among hotels of different size and star ratings. However, these relationships, though they are not as strong as suggested, can be mediated by country effect. Foreign partners from Hong Kong, Singapore and Japan tend to acquire higher level of ownership and control on joint venture hotels in China, whereas foreign partners from the United States, Canada, and Europe are not.     

Foreign Investment in China's Property Market

China＇s property market is experiencing a downturn for the time being, leaving many developers in hot water. Foreign investors,however, are getting more and more passionate about the market in China. The Blackstone Group is preparing for a longterm and substantial investment. And Morgan Stanley is going to put US$1.46 billion out of its US$10 billion property funds into the market in China in a couple of years to come.     

Development Path of China and India and the Challenges for their Sustainable Growth

The segmentation of global manufacturing and services provided China and subsequently India with a golden opportunity to make full use of their absolute advantage – low‐cost, yet educated labour – to integrate into the world economy within a comparatively shorter period of time than some earlier industrialisers. Though international trade functioned as a vent of surplus in view of the narrowness of their domestic markets at the beginning of their economic catch‐up, the label of export‐led model may not reflect the real picture as imports underwent dramatic increases during their respective growth periods, in particular for China. Foreign direct investment has played a pivotal role in their economic growth and has major presence in international trade and investment in leading sectors of both countries, giving rise to certain special features and weak links for their economic expansion and sustainability of fast economic growth. To maintain more broad‐based, fast and balanced growth, it seems that both countries have to redress sectoral imbalances, encourage technology upgrading and cope with future changes in demographic profiles which constituted a trigger to fast economic growth at the time of their respective economic reform.     

对当前外资参与我国国有企业改革重组的分析

对外开放20多年来,我国已成为全球最大的FDI流入国之一。外商投资已经成为影响中国经济增长、技术进步、就业增加的重要因素。外资企业在改变我国企业传统的经营方式、经营观念,提升市场竞争力等方面发挥了重要的作用。随着中国加入WTO,外资也开始积极参与我国国有企业改革重组。从外资进入我国的实际情况看,外商投资对国有企业改革与发展的积极效应非常明显。本文就外商投资参与国有企业改革的现状进行客观研究评价,并结合当前情况对今后利用外资进行国有企业改革的前景进行了分析。     

我国对外贸易顺差周期波动的实证分析:1978-2005年

近几年来,我国对外贸易顺差持续增长,本文用增长率直接法、增长率趋势法分析了我国对外贸易顺差的短周期、中周期和中长周期波动,并采用ARMA模型预测了我国对外贸易顺差在下一阶段的周期波动情况。研究结果表明,自1978年以来,我国对外贸易顺差经历了8次短周期波动、3次中周期波动(其中第三次中周期波动具有在适度高位平滑化的特征)和2次中长周期波动,目前正处在第二个中长周期波动的扩张期。     

Provisions on the Administration of Foreign Exchange in Domestic Securities Investments of Qualified Foreign Institutional Investors

In accordance with the Regulations on the Foreign Exchange Administration of the People＇s Republic of China and the Measures for the Administration of Domestic Securities Investment by Quafified Foreign Institutional Investors, the State Administration of Foreign Exchange has formulated the Provisions on the Administration of Foreign Exchange in Domestic Securities Investments of Qualified Foreign Institutional Investors, which came into effect on the date of its promulgation.     

我国吸收FDI的特点及趋势分析

改革开放以来,我国吸收的外商直接投资(FDI)日益增多。本文从规模、来源地、利用方式、行业结构和地域分布几个角度研究了我国吸收FDI的特点,并由此分析了未来可能出现的趋势,最后提出了我国在利用FDI时应注意的问题。     

European aid for China’s economy?

The fact that increasing importance is being attached to foreign trade under the new Chinese leadership must not be mistaken for automatic expansion of the importation of foreign goods. Foreign trade will, as before, have only a complementary function in the economic development of China. For the time being there is no chance of doing really big business with China.     

The strategic decisions and success factors of the global integration-local responsiveness of Japanese MNCs in China

This article applies Foreign Direct Investment (FDI) theories to the strategic management analysis of the global integration-local responsiveness of multinational corporations (MNCs) in China, from the perspective of company characteristics (ownership advantages and internalization advantages) and environmental dynamics (locational factors) in order to analyze the success factors influencing the sales activities of Japanese MNCs in China. Based on the analysis of a survey conducted on 230 Japanese parent companies with investments in China, the empirical research findings include: Japanese MNCs in China favor global integration strategies; the more significant the ownership advantages and internalization advantages are, the greater the global integration is; the success factors of their operations in China due to global integration are present in manufacturing know-how, procurement of parts and supplies, financial power, previous investment experience in China as well as sales networks and technologies; locational advantages mainly lie in labor cost among other things; internalization factors do not have any significant correlation with the success and performance of the subsidiary company. Translated from Zhongguo Ruankexue 中国软科学 (China Soft Science), 2005, (3): 89–98     

Japan Image Mirror

Asmall-scale survey was deducted recently by China's Foreign Trade and showed that Chinese urbanites are changing their attitudes toward Japan and many of them are viewing their Asian neighbor more positively.On the topic of "Japan Image",we interviewed over 50 young white collars from China.Most of them have been to Japan or working for Japanese enterprises in China.Based on their interests and knowledge to Japan,we paint an international picture to this economic giant by inflection from the thought mirror in minds.