Should Attach Importance to GNP as well as GDP

Exclusive interview with Vice Minister of the Central United Front and the First Vice Chairman of All-China Federation of Industry and Commerce.     

China＇s Energy Mix

To realize China＇s modernization of economy,two approaches are indispensable-further industrialization and urbanization.But neither can we get to without sufficient energy supply.The problem is how we will deal with the increasing demand for energy.[第一段]     

Building on Success,Carrying on with Reform

The late Chinese leader Deng Xiaoping (Right) at the 3rd Plenary Session of the 11th Cenltral Committee in 1978 when he pointed out that"Banks should perform all the functions of banks in the real sense". Over the last 20 years.China has been undergoing a long period of reform in its finan- cial system,an important part of the country's overall economic reform,and an area where many remarkable achieve- ments has been made.This has also been a period during which China's financial sector has gradually become commer- cialized and market-oriented.     

年报语调与企业财务绩效：心口如一还是心口不一？

将传统的管理学和文本分析方法相融合,基于信息经济学理论,以2011—2019年中国A股非金融企业为研究样本,采用OLS回归模型考察年报语调对财务绩效的影响。研究结果表明:年报语调与企业财务绩效之间存在显著的“倒U型”曲线关系,适度积极的年报语调能够显著提升企业的财务绩效,异常乐观的年报语调则不利于企业财务绩效的提升,并且这种关系在非国有、分析师关注度高以及处于初创期、增长期和衰退期的样本企业中更加显著。进一步研究发现,市场估值水平和经营不确定性会强化年报语调与企业财务绩效之间的“倒U型”关系。有关结论丰富和拓展了年报语调对企业经济后果影响的研究,可以为信息使用者合理利用文本信息做出科学决策提供重要的理论参考。     

客户稳定性与企业成本粘性

以供应商-客户关系为切入点,研究客户稳定性对企业成本粘性的影响,发现客户稳定性可以显著提升上游供应商企业的成本粘性,这一结论在采用Heckman两阶段检验、倾向得分匹配、双重差分法以及控制其他潜在影响因素等进行稳健性检验之后仍然成立。机制研究发现,稳定客户通过改变上游企业的调整成本、提高管理层乐观预期而最终影响企业成本粘性。异质性分析结果表明,当地区社会信任程度更高、客户关系更好、经济政策不确定性更大时,稳定客户带来的成本粘性提升效应更为明显。经济后果检验发现,客户稳定性导致的成本粘性对未来企业销售利润率具有积极的促进作用,是供应商企业储备资源、为未来蓄力的重要表征,反映了供应商企业的战略性成本决策行为。     

Financial Majordomo,More than VIP Sprvice

From cradle to grave For high net worth individuals (HINWIs), private banking involves a scientific management of wealth, risk,and stable growth of wealth value.     

基于户外休闲产业的统筹城乡发展武隆模式

发展有竞争力的战略性产业,是统筹城乡发次户外休闲活动,使生态型户外休闲产业成为有生命力的统筹城乡发展的战略产业,将武隆整体打造为原生态的户外休闲产业基地,形成以户外休闲产业为支撑、以农民就地转型为特色的统筹城乡发展的武隆模式.实施这一模式,要明确产业的发展思路,采取"六个武隆"的实施途径.     

American Cotton Council International, Ready for more Cooperation with Chinese Cotton Industry

Cotton Council International （CCI） is the export promotion arm of the National Cotton Council of America. CCI＇s mission is to increase exports of U.S. cotton, cottonseed and U.S. manufactured cotton products through activities that affect every phase of the marketing chain -- from the initial mill buyer of cotton fiber or purchaser of U.S. cotton-rich yarns and fabrics on through to the final consumer. In March, 2007, China＇s Foreign. Trade interviewed Mrs. Karm Malmstrom, Director, China of CCI. She stressed that CCI was ready to make pragmatic efforts to strengthen the cooperation with the Chinese cotton industry. The follows are her comments.     

Chambers of Commerce,Effective Bridges

Chambers of commerce across the world has played a key role in bringing closer economic and trade ties between different countries, and CCPIT/CCOIC is one of them. Established in May 1952,China Council for the Promotion of Internation- al Trade(CCPIT)comprises VIPs,enter- prises and organizations representing the economic and trade sectors in China.     

重庆产品在周边区域市场上的占有状况及其对策思路

随着市场经济体制的逐渐确立．作为西南最大的工业城市．重庆产品能否在激烈的竞争中占领市场．在不同程度上决定了重庆企业的生存与发展．关系到重庆工业经济的的兴衰；同时．作为区域性的中心城市．重庆应该带动腹地经济的发展．重庆产品应该首先占领腹地市场。然而．近年来的实际情况是重庆工业产品在区域市场上的占有率逐渐下降．分析这种现象并找出对策．已是十分紧迫的现实任务。为此，由重庆市科委立项作为软科学重点项目．重庆社会科学院企业所对本市工业产品在周边地区市场占有情况及对策进行了研究．以我市现行商业经销范围中的百货、五金、交电、化工、针织、纺织、食品七大类20小类轻纺产品为对象，把紧紧与重庆市地理相连、能够在商品流通上享受运输半径小和地缘文化亲的优势的经济暖地——重庆经济协作区作为研究范围。在对其所有地市进行通信调查的基础上．课题组又对南充、泸州、达县、涪陵、万县、宜宾、内江、乐山、昭通、毕节、遵义等地进行了实地考察，提出了研究报告。本文在主报告基础上缩写而成。