Tongrentang, A Pearl of Chinese Traditional Medicine——Interview with Mei Qun, General Manager of China Beijing Tongrentang（Group） Co., Ltd.

On June 10, China Beijing Tongrentang （Group） Co., Ltd. celebrated its first Day of Cultural Heritage because its brand Tongrentang had been registered in the Directory of Chinese Intangible Cultural Heritages. Tongrentang is welknown in China for its effective Chinese traditional medicine, but what is the core value of the brand？ Mei Qun, General Manager of China Beijing Tongrentang（Group） Co., Ltd. let the secret out when interviewed by China＇s Foreign Trade.     

县域小城镇经济的关联分析

小城镇经济是县域经济发展的中坚力量,县域经济发展水平的高低在很大程度上取决于小城镇经济的发展状况。因此,本文探讨了县域、小城镇经济的互动关系,结论启示我们在发展社会经济时要将县域、小城镇经济组成一个有机的整体进行综合考虑,才能有效地促成二者良性互动,立足促进小城镇建设,才有利于构筑社会主义新县域、新农村。     

论国有企业公司制改革与法人所有权

社会主义公有制如何实现？前苏联的理论认为,公有制表现为全民所有制和集体所有制,相应地有国有企业和集体企业两种实现形式。然而,正如党的十五大报告所指出,“世界变化很大很快,特别是日新月异的科学技术进步深刻地改变了并继续改变当代经济社会生活和世界面貌”。...     

Belgium,Eagerfor Chinese Investment

April 17,2007 was the 36th anniversary day of the diplomatic relations between China and Belgium. According to the press conferece by Belgium Embassy in China, in June, Belgium Prince Philippe will visit China, accompanied by a large Belgium trade and commercial delegatin.     

老年人居住方式及影响因素分析——以贵阳市为例

利用调查数据对贵阳市老年人居住方式及其影响因素进行分析。贵阳市老年人以居住在三代及以上户为主，夫妇户也占较大比重；老年人与子女居住的比重略高于不与子女居住的比重。在控制其他变量的情况下，住房条件、经济收入和与子女的关系状况三个因素对老年人的居住方式具有显著性影响。     

Correlation in credit risk changes

The current economic climate makes understanding credit risk correlation particularly important. After allowing for a comprehensive set of observable firm-specific, industry, market, and macroeconomic factors, there is an economically significant co-movement in credit default swap spreads that remains to be explained. Including a time dummy completely accounts for the remaining co-movement, confirming the existence of a systematic component that has been previously unaccounted for. Our findings suggest that it may be important to consider unobservable risk factor(s) in credit risk models.     

Developing Organizational Trust Through Advancement of Employees’ Work Ethic in a Post-Socialist Context

The paper highlights the dependence of the level of organizational trust on work ethic and aims to show that development of trust in organizations can be␣stimulated by raising the level of work ethic with organizational practices. Based on the framework by Kanungo, R. N. and A. M. Jaeger (1990, ‘Introduction: The Need for Indigenous Management In Developing Countries’, in A. M. Jaeger and R. N. Kanungo (eds.), Management in Developing Countries (Routledge, London), pp. 1–23), historical–cultural analysis of the Lithuanian context is carried out. The country is chosen as an example of a post-socialist context where work ethic and trust in the society tended to be rather low. The authors discuss organizational practices, particularly the ones related to people management, which can facilitate development of work ethic, and thus, trust in organizations operating in a post-socialist context. The importance of a processual approach to the development of organizational trust and the ethical content of organizational practices, which are aimed at developing organizational trust is highlighted. Directions for further research are indicated.     

Performance Volatility and Wage Elasticity: An Examination of Listed Chinese A-share Enterprises

The management of future financial risk on the part of managers and changes in firm finances are two of the fundamental reasons for upward and downward rigidity of wages. The proxy variable for firm financial risk is volatility, the past performance of which is among the principal indicators of wage rigidity. In firms whose current performance is on the upswing, the greater the volatility in past performance, the smaller the elasticity ratio and the more acute the upward rigidity; the more stable past performance, the larger the elasticity ratio and the more acute the upward elasticity. In firms in which current performance is declining, greater past performance volatility leads to a larger elasticity ratio and more acute downward rigidity, whereas more stable such performance leads to a smaller elasticity ratio and more acute downward rigidity.     

Jia Xinguang:Structural Adjustment Urged to Curb Auto Overproduction Interview with Jia Xinguang, Auto Expert of China National Radio

Since its WTO Accession in 2001, China's national auto industry has made remarkable progress,especially in terms of export. However, some problems still exist. Importantly, the issues of overproduction and chaotic market competition need to be addressed.     

Bulgaria,Boosting Energy Cooperation with China——Interview with Deputy Minister Yaneva,Ministry of Economy and Energy,the Republic of Bulgaria

Deputy Minister Yaneva of Economy and Energy,the Republic of Bul- garia,a nice lady with outstanding talents,headed a delegation of Bulgaria to visit China in late June,for the participation at the 13th Bulgarian-Chi- nese Intergovernmental Commission for Economic,Trade,Scientific and Technical Cooperation.As an important instrument,the Joint Commission played a significant role in promoting the overall development of the bilat- eral economic relations. China's Foreign Trade interviewed Deputy Minister Yaneva and she gave very constructive suggestions on promoting the bilateral economic and trade cooperation between the two countries,especially in the area of energy cooperation.The following is a written interview with Deputy Min- ister Yaneva.