Long Standing Friendship Continuous Cooperation

This year we celebrate the 55th anniversary of the establishment of dipomatic relations between China and Romania. As a friendly country, having long-term relations with China, what kind of economic cooperation exists between the two nations? What are the incentives that made the trade volume highly rated in the recent years, particularly this year? Which are the perspectives of the Sino-Romanian relationship? With those questions, the reporters have interviewed H.E. Ambassador Viorel Isticioaia-Budura, Ambassador of Romania to China.     

An empirical analysis of the relationship between the hedge ratio and hedging horizon: A simultaneous estimation of the short‐ and long‐run hedge ratios

This article analyzes the effects of the length of hedging horizon on the optimal hedge ratio and hedging effectiveness using 9 different hedging horizons and 25 different commodities. We discuss the concept of short‐ and long‐run hedge ratios and propose a technique to simultaneously estimate them. The empirical results indicate that the short‐run hedge ratios are significantly less than 1 and increase with the length of hedging horizon. We also find that hedging effectiveness increases with the length of hedging horizon. However, the long‐run hedge ratio is found to be close to the naïve hedge ratio of unity. This implies that, if the hedging horizon is long, then the naïve hedge ratio is close to the optimum hedge ratio. © 2004 Wiley Periodicals, Inc. Jrl Fut Mark 24:359–386, 2004     

China and Egypt:More Cooperation Brings Prosperous Future--Interview with H.E.Ali El-Hefny,Ambassador of Egypt to China

Q:With long history and outstanding cultural achievements, China and Egypt have good cooperation in politics,economy, tourism, and education. Focusing on economy, what complementarities do you think our two countries have? What kind of potentials could be discovered and in which aspects could we enhance economic and trade cooperation?     

中国企业到美国跨国并购的方法与技巧(上)

中国企业到美国跨国并购成了国际媒体热门话题。但怎样并购、如何规避并购风险等问题，中国企业却心中无数。如何提高跨国并购的成功率，是摆在中国企业面前的一道难题。本文主要论述中国企业到美国跨国并购的具体操作方法和技巧。     

城镇社会保障的“本地—外来”分割与外来人口社会保障缺失

过去对城市社会保障缺失的学术关注集中在农民工并从城乡分割来解释。本文认为,在现行的社会保障地方分权体制下,存在着城;市社会保障城的“本地——外来”分割,表现为外来人口,包括外来非农人口的社会保障缺失;社会保障地方分权的背景是城乡和区域发展不平衡。对北京市调查数据的分析显示了社会养老保险参保率的“本地—外来”差异。     

文化背景差异与大学英语听力教学

大学英语听力课教学是英语教学的重要组成部分，教学方法的改革已不能仅仅局限于浅层次上，要针对学生学习过程的难点进行认真的分析研究，找出从根本上解决问题的途径，化背景差异正是中国学生英语听力理解中的难点。     

从“江阴板块”看苏南乡镇企业的新发展

苏南乡镇企业能否实现与现代市场经济的有效对接是社会各界广泛关注的重要课题。可喜的是，作为苏南乡镇企业的发源地之一，进入９０年代以来，江苏无锡地区的江阴市，一大批乡镇企业积极实施资本经营战略，从１９９７年至今的短短几年间，已有１０家公司上市，形成了中国股市     

石油经济大事(2002年8月)

31日　由大连新船重工有限责任公司为伊朗国家油轮公司建造的30万吨超大型油轮在大连签字交工，这标志着我国造船工业在首条超大型油轮的设计建造上实现了零的突破，打破了日本、韩国两个世界造船强国在该领域的垄断。     

网络新时代的高校思想政治教育工作

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表现自我与主观感受——浅谈自我表现小说与新感觉派小说的不同

自我表现小说与新感觉派小说都注重写心理 ,但它们之间又存在着不同 ,本文从它们产生的条件及艺术追求两方面具体阐述了它们之间的差异