CHANGE for a New Econornic Structure?

Opportunity in the financial crisis?For a long time,China's fast econom-ic growth is heavily dependent on growth of exports,particularly dependent on ex-ports of low value-added,low technologi-cal products.Although the policy-makers and scholars are aware of the importance and necessity of industrial structure im-provements since 1992,it is hard to have a real incentive to promote economic re-structuring under rapid economic growth.     

CLOSER for the Winter, Embrace the Spring

＂Yes, we are facing a difficult time since the financial crisis, but that requires us to work much more closer to pass through the winter time,＂ Leonard Kok, General Manager of Department for Urban and Economic Development, City of The Hague, Netherlands, said so on his recent visit to Beijing, China. In the late February, Beijing was still icy in temperature, however the warmth brought by the Netherlands＇ delegation promised an agreeable spring in April.     

No-arbitrage Analysis of Frictional Markets Under the General Transaction Costs

The modern financial theory originates in the portfolio theory which was put forward by H.Markowitz at the beginning of the fifties of the 20th century; it is the modern finance＇s beginning of the quantitative research. Then on later stage of the fifties of the 20th century, F.Modigiliani and M.Miller put forward the analytical method of ＂No-arbitrage＂, when they studied the relations between enterprise＇s capital structure and enterprise＇s value （M-M theory）. It indicates finance is totally separated on the research approach from economics. Therefore, analytical method of No-arbitrage is thought to be a revolution in methodology in the modern finance.     

Addressing the Advertising of Controversial Products in China: An Empirical Approach

China is a country that has undertaken a great transformation since the late 1970’s, and among these changes, has seen a massive growth in the advertising industry with the influx of foreign advertisers, and the development of regional and global media, such as satellite television and the Internet. This has resulted in the Chinese people of all ages having a greater opportunity of exposure to different types of advertising, including the advertising of potentially controversial products, which could clash with traditional Chinese values. Using a stakeholder theory approach, this study analyzes the responses of 630 Chinese respondents to discover who is offended by controversial advertisements and determine ways potentially offensive advertising messages can be reduced, thereby assisting marketers in being more socially responsible in their advertising messages.     

An Overview of the Electronic Information Industry in 2008

With European, American and Japanese economies still in recession, external demand remaining weak, total revenues of China＇s electronic information industry witnessed a decline in the first four months of 2009, sliding 2.2 percent year-on-year, according to statistics released by China＇s Ministry of Industry and Information Technology on May 22.     

Big Brother Has Bigger Say

156 delegates from all walks of life in Guangdong province composed the Guangdong delegation for the NPC this year. The import and export value of Guangdong makes up one-third of national total value, and accoums for one-eighth of national economic growth. Guangdong province has maintained its top spot in import and export value among China＇s many provinces and cities for several years, commonly referred to as ＂Big Brother＂. At the same time, it is the region where the global financial crisis has hit China hardest.     

China''s Tough Road to Economic Recovery

Aseries of economic data recently showed that in the context of the global economic recession,China's economy may take the lead in recovery.     

A Lake Dream in Asia

When William Wordsworth,representative of Lake Poets wrote his Ode to Night ingale nearby the Lake District of England at the turn of the nine-teenth century,he never imagined a century later,a similar romantic lake dream has been created in China,Asia.     

乡村旅游开发下农户生计适应变化与影响机理研究*——以延安市乡村旅游为例

［目的］以延安市3个典型乡村旅游地为例,结合可持续生计分析框架和适应性理论,分析农户在乡村旅游扰动下的适应策略与适应模式,定量测度不同适应模式农户的适应结果。厘清农户未来生计策略选择的影响因素及其机制,提出促进农户及乡村旅游地可持续发展的对策。［方法］通过参与性农户评估法及二元回归分析法分析影响农户未来生计策略选择的因素。［结果］（1）旅游开发造成案例地农户自然资本丧失,失地农户由务农或务工为主的单一适应方式向兼业型与非农型转变,分化为4种不同类型的农户,且各类农户在各描述指标方面差异显著。（2）农户的生计资本衡量3个社区旅游开发后的适应结果,生计资本普遍较低且内部各维度差异明显。对比4类农户适应结果可得：复合生计型>务工主导型>旅游服务型>社会保障型。（3）通过二元逻辑回归模型深入解释当下适应结果对农户未来生计策略选择的影响,物质资本、金融资本和社会资本均影响农户选择意愿,其中可借款人数是最关键的影响变量。［结论］农户在旅游开发背景下生计动态适应的影响机制为旅游开发及基于此补偿制度是农户现在生计适应活动的外部起因,按照适应类型以及收入比重,分化为4种模式农户; 现行生计适应策略使农户适应结果迥异,生计资本的储量和结构差异显著,这种差异是农户未来生计选择的直接动因; 3个社区不同类型的旅游开发模式是农户未来生计策略选择分异的推动力量。