China''''s Export Food Safety Guaranteed

China is a large importer and exporter of foodstuffs,with the amount of each growing steadily in recent years.Statistics released by the State Council in this August show that the import and export volume in 2006 totaled US＄40.448 billion-worth(excluding wheat,com and soybean,same below),up 21.45% year on year.(See Figure 1)     

政府审计能提升国有企业并购重组业绩承诺可靠性吗？——基于审计署央企审计结果公告的经验证据

以我国沪深A股中央国有上市公司2012—2020年的数据为样本,将审计署实施的审计监管事件作为一个准自然实验,利用多时点双重差分模型实证检验政府审计对国有企业并购和重大资产重组中业绩承诺可靠性的影响和作用机制。研究发现：（1）政府审计的实施能够显著提升国有企业并购重组业绩承诺的可靠性水平,这一结论在全部并购重组样本中和剔除业绩达标在5%以内的样本后均得到了有效验证,且经过多种稳健性和内生性检验后依然成立;（2）进一步的机制检验结果表明,政府审计能够通过“监督”效应和“增量”效应促进国企并购重组业绩承诺可靠性的提升,但并没有对未接受审计的同行业企业起到很好的“溢出”效应;（3）在业绩承诺到期后的经济后果上,政府审计显著提升了业绩承诺达标企业的长期绩效表现,同时降低了其商誉减值风险,但对于业绩承诺未达标企业的影响效果并不明显。     

Warm Spring of Sino-Japan Approached

Chinese President Hu Jintao took a five-day state visit to Japan from May 6 to 10, 2008, the first by a Chinese President to the country in a decade, launching a new era in Sino-Japan relations.     

CCPIT and American Chamber of Commerce Hold Joint IPR Forum

IPR, as a core resource of a country＇s international competitiveness, plays a vital role in promoting any country＇s domestic innovation. Therefore, the central government of China has been drafting a ＇National IRP Strategy＇.     

China's Auto Production,Sales Grow A Bit Slower in 2007

Auto production and sales remained stable in China last year,yet with growth a bit slower on lukewarm demand for vehicles of low engine displacement,sources from the Ministry of Commerce.     

Take Quality as Life, Seek Development through Honesty

Shengxing＇s cooperation with Ukraine has solved the problem of shortage of row marelials in the coming years, which is also beneficial to the two countries and peoples in the long run.     

Double-Blade Sword： Trade Surplus

In the famous animation Saint Saiya,the golden saint of Gemini, Saga,left audience the deepest impression of being an angel at one side and a demon at the other.So does China's trade surplus.It is a double- blade sword. One blade of the surplus can raise China's capability of foreign payment and debt paying ability.It can ease up the problem of overcapacity and thus accelerate the economic growth ef- fectively.However,the other blade of     

浅析通货膨胀环境下商业银行的风险防控

通货膨胀不确定性会造成整个经济系统信号的紊乱,降低资源配置效率,从而加剧宏观经济波动,进一步成为通货膨胀或者通货紧缩新的诱因,所以经济理论一般认为通货膨胀危害性的真正症结在于通货膨胀不确定性。随着我国金融体系建设的不断完善,商业银行在经营中存在的一些弊端也逐渐浮出水面。因此,分析我国商业银行的职能及存在的风险并找出降低银行风险的途径、方法,具有重要的意义。本文分析了我国商业银行风险管理方面的不足,最后就当前经济环境提出了相应的风险管理对策。     

国有企业效率的比较研究——基于工业分行业视角

运用随机前沿分析法,测算分行业国有企业与非国有企业的技术效率,发现两者总体上呈现收敛态势;财务效率以利润量测算的国有企业效率总是偏低的,而以当期总产出测算则表现出较大的行业差别。国有企业效率偏高的行业均是竞争性行业,垄断并没有造成国有企业技术效率的低下,而是加重了财务负担,造成财务效率低下。非国有企业更侧重于技术效率的提升,而国有企业更偏向于财务效率中成本费用的节省;预算软约束也对国有企业效率有损害。另外,企业用工人数不是负面包袱,反而正转变为宝贵的人力资源。     

企业异质性、人民币汇率变化与中国企业出口

通过建立双向固定效应模型,采用CSMAR数据库的上市公司数据和EIU数据库的宏观数据,分析企业异质性、人民币汇率变化和波动对中国企业出口的影响,并且探讨汇率变化、汇率波动和生产率对企业出口的联合效应。实证结果表明：人民币汇率水平变化对出口有显著的积极影响,而人民币汇率波动对出口则有显著的负向冲击。人民币汇率变化和生产率的交互项系数,以及汇率波动和生产率的交互项系数均不显著,说明上市公司中生产率更高的出口企业在面临汇率变化和汇率波动时并没有表现出明显的优势。