Dynamics and causality in industry-specific volatility

This paper presents comprehensive empirical evidence on the dynamics and causality within 30 US industry-specific volatilities during July 1963 and June 2008. We find that linear trends are present in 17 of the 30 industry volatilities. Granger-causality tests reveal that the industry of business supplies and the industry of finance are the most important lead indicators of industry volatilities. To uncover contemporaneous causal relationships in the market, we implement an emerging data-driven method of directed acyclic graphs. The results suggest that volatility shocks originating from business supplies, machinery, and consumer goods industries are sources of risks that affect most other industries. By contrast, volatilities in the two traditionally important industries, oil and autos, do not appear to have a substantial influence on other large industries in the contemporaneous time. Finally, business equipment and services, both containing information technology components, are the most important driving forces of the industry volatility surge in the late 1990s.     

Canton Fair:Foreign Trade Enterprises Fight Against Difficulties

The 110th Chinese Export Commodities Fair, also called Canton Fair, was held in Pazhou International Exhibition Center in October this year which marks the tenth anniversary of China’s accession to the WTO. China’s foreign trade enterprises are facing a grim situation featured     

Foreign Luxury Brands Target China

As the world's fastest growing luxury market,China's appetite for luxury goods is fast becoming insatiable. China will account for over 20%of the global luxury market,overtaking Japan as the world's largest luxury market,according to McKinsey's latest reportUnderstanding China's Love for Luxury. Sensing the ample op- portunities in China,foreign luxury brands are making every effort to tap the booming market. China luxury market: an oasis of hope     

Foreign-branded Seeds Seek Expansion in China

Influx of foreign seed firms Data shows that China has become the second biggest demander of seeds in the world, with the annual needs of 30 billion kg, which is worth as high as RMB 50 billion. Since China's entry into the WTO and the implementation of the Seed Law since 2000, foreign seed firms are rushing into China in succession, fighting for the vast market.Since early 1990s.the leading seed giants, such as Monsanto, Pioneer Hi-Bred and Syngent, have made their way to China, striving to grab a greater share in the growing market.     

E-commerce Training Needed for Vocational Education

In the upcoming 5 years,there will be a demand of 3 million E-commerce talents in China,giwenthat about half of over 30 million small and medium-sized enterprises (SEMs) will try to adopt E-commerce.Is vocational education ready for the supply?