Managing Strategic Alliances in China （1）-Background and Experience

Creating effective strategic alliance is a useful method for the global expansion of international companies and managing strategic alliances is an important research project to the success of strategic alliances. This paper focuses on the practical problems of strategic alliances in China and explores how to manage such alliances. This research aims to introduce the basic background of strategic alliances, analyzes the primary reason for the current situations of strategic alliances, discusses the advantages and disadvantages of strategic alliances, gives the successful factors managing strategic alliances and discusses what should be done in the future research about strategic alliances？     

云南花卉产业发展中若干问题的探讨

A few problems exist in flower industry development in Yunnan province. The key problem is flower production with sell set in system unqualified, product quallty problem; wrong model in specification of quality in product, undeveloped and developed technology of quality standard system hasn‘t been used. To change present condition, combining local present condition, we can enhance the macroscopic management and put forward to peasant the policy suggestion to guide the development of Yunnan province flower industry.     

Review of tourism resources valuation

Tourism resources valuation is now a hot issue of the science of tourism resources, resources economics and environmental economics. This paper reviews research progresss on tourism resources valuation, introduces its theoretic basis, and elaborates two classical valuation methods： TCM and CVM. And two existing problems are discussed Firstly, tourism resources value constitution system is still under dispute. This paper puts forward the Value constitution system based on present value categories. Secondly, tourism resources valuation methods need further studies because both TCM and CVM have deficiencies. Finally, the paper points out the development direction of tourism resources valuation.     

Further development and sustainable utilization mode of grassland tourism resources: a case study of Inner Mongolia Autonomous Region, China

Tourism resources are important foundation for the development of tourism industry. Grassland is not only a kind of important resource but also a great attraction to visitors. Therefore, the integrated development and sustainable utilization of grassland tourism resources are of great significance. This paper, based on the analysis of literatures and the current problems existing in grassland tourism, summarizes the speciality of grassland tourism development, deals with the problem of speciality, and raises the modes of regional development, product development and management. This paper takes Inner Mongolia, the famous grassland tourism destination as example and carries out empirical research. Based on the status quo of grassland tourism resources in Inner Mongolia, this study analyzes the character- istics of grassland tourism resources, the necessity and feasibility of integrated development, then proposes the following suggestions: idea for development, mode of development, regional cooperation, tourism products development, espe- cially the three modes of development based on the resources conditions - the mode of relying on market, the mode of combination aggregation and the mode of relying on quality.     

荷兰王国驻重庆总领事馆总领事孔思哲:欧洲贸易物流枢纽荷兰看好中欧班列(重庆)

“重庆最能代表中国内陆城市的发展活力，也是一座有故事的著名城市，我对重庆的钓鱼城、战时首都等历史充满了兴趣。”荷兰王国驻重庆总领事馆总领事孔思哲，向本刊记者表达了他喜欢重庆的理由。任职1年来，孔思哲致力于促进重庆与荷兰在物流、贸易、农业、文化等各领域的合作交流。     

The capital market spillover effect of product market advertising: Evidence from stock price synchronicity

We analyze whether product market advertising has a spillover effect on stock price synchronicity by transmitting firm-specific information to the capital market and attracting more investor attention. Using a sample of Chinese listed firms from 2009 to 2017, we find that firms with greater advertising expenditures have lower stock price synchronicity. The results are robust after we address endogeneity concerns. In accord with our hypothesis that product market advertising increases the amount of firm-level information capitalized into stock prices through the information channel, we find that the impact of advertising on synchronicity is more pronounced for firms with a higher degree of information asymmetry and firms in the consumer-product industry. Further tests show that product market advertising enhances the ability of current period returns to reflect future earnings, and thus rules out that the negative relationship between advertising and synchronicity is driven by noise trading. Our results imply that product market advertising plays an informative role and improves information efficiency in a capital market.     

Home purchase restriction,real estate investment,and corporate innovation

It is ubiquitous for non-real estate firms to conduct real estate business in China. Home purchase restriction (HPR) affects corporate innovation by dampening the real estate investment of non-real estate firms. The extant literature has examined the impact of HPR on corporate innovation, but it has not focused on the expectation of HPR and the endogeneity problem. Employing a dataset of 1830 listed non-real estate firms over the period 2009–2016, this research explores the expectation of HPR on corporate innovation based on the motivations for real estate investment in non-real estate firms. We demonstrate that HPR facilitates the enhancement of research and development (R&D) investment in non-real estate listed firms by hindering real estate investment, particularly for non-high-tech firms. The effects of HPR arrive at the crest in the third implementation year and remain steady thereafter. The real estate investment of non-real estate firms rebounds and the R&D investment declines along with the cancellation of HPR. Tackling the selection bias and endogeneity problems, the baseline results are also robust. Hence, HPR should serve as a long-term vehicle to improving corporate innovation, in addition to preventing housing speculation.     

A study on the tourism practitioners＇ perception of tourism impact： a case study of Hainan,China

This study examines the urban population of tourism practitioners perceptions of economic, environmental, and social impacts on cultural, convention, and sport tourism may have in Haikou and Sanya. Hainan, China. The study uses a modified Urban Tourism Impact （UTI） to examine economic, environmental, and social perceived impacts. Analysis of the data includes testing three models of structural relationships between tourism impacts and support for development in each of the tourism market sub-divisions through a confirmatory factor analysis. The results of this study show that the positive economic impacts consistently exert influence on predicting support for tourism development in all three models. However; the social impacts play a greater explanatory role with all three market segment, the negative environmental impacts play a role in determining support for sport tourism only. Differences have been found with those with a higher education level in predicting support for cultural tourism, but not convention or sport tourism.     

“剩”女辖区生存指引

神农本草note3记载:剩女,性寒凉,入心经,长年独生,有花无果,滋阴不壮阳……(此处省略111111字)每个剩女的进阶都是集合天时、地利、人不和而成的,但不管成因如何复杂,总有一二在周遭,而且随着时间轴拉长,不少剩女一路厮杀,异军突出,尘埃未落,早已君临天下。当接到一个新offer,欢欢喜喜加入团队,不出24小时赫然探知:顶头上司是剩女!女人,还是个