Economic Development In China Research Articles

Supporting investment on long-term funding to maximize the effect of efficient use of natural resources

Global sustainable development is increasingly contingent on underpinning investment to multiply the number of practical uses of natural resources to enhance the impact on funding stability over the long term. This study investigates this imperative for the 1993–2018 time period through the CS-ARDL model in the case of China. The study reveals a statistically significant correlation between enhanced resource efficiency and a positive trajectory in long-term funding, underscoring the importance of strategic investments to maximize the beneficial effects on financial sustainability. Furthermore, the econometric findings demonstrate that variations in investment patterns significantly contribute to fluctuations in the efficiency of natural resource utilization, thereby influencing the long-term funding outcomes observed. This study's findings suggest that policy initiatives should prioritize strategic investments in natural resource efficiency, serving as a pivotal approach to bolster long-term funding sustainability and facilitate resilient economic development in China.

An Introduction to Civil Engineering Construction Technology in Civil Engineering Construction

The commercial demand and urbanization demand brought about by economic development have increased the quantity and quality requirements of construction projects. Civil engineering in the construction process needs to be supported by a number of technologies, such as foundation technology, steel structure technology, concrete technology, etc., the only way to promote the sustainable development of China's construction industry is to accurately master these technologies. With the continuous improvement of China's economic development, people's living standards have also been improved, and therefore also more aspiring to a better life experience, so for the living environment and conditions put forward higher requirements. As the main place for people to live and reside, the quality of the building and its environment have a greater impact on people's living experience, so the quality of the building is given more attention. As the main participant in the implementation of the building, the construction industry in the construction of housing, it is necessary to pay more attention to the quality, while ensuring the quality of construction, but also need to pay attention to the economic benefits. Along with the rapid development of the country, the scale of urban infrastructure is getting bigger and bigger. The breakthrough and innovation of construction technology in civil engineering construction can not only bring more profits for construction enterprises, but also provide a strong guarantee for the smooth progress of construction projects. In order to realize the quality of civil engineering construction projects, building construction units need to be careful and detailed planning for construction details, standardize the corresponding construction technology. Therefore, this paper discusses the construction technology related to civil engineering construction projects, analyzes the relevant problems and puts forward innovative solutions.

The impact of foreign direct investment on green innovation efficiency: Evidence from Chinese provinces.

Improving green innovation efficiency (GIE) is the key to achieve high-quality economic development in China, and the introduction of foreign direct investment (FDI) has become an important path choice to promote the GIE. Based on the data of 30 provinces in China, this paper explores the linear and nonlinear effects of FDI on GIE from both quantity and quality perspectives, and further analyzes the mediating role of environmental regulation level. The results show that: (1) From 2011 to 2020, the GIE of all provinces in China generally shows an upward trend. (2) The quantity and quality of FDI have a significant positive impact on the improvement of GIE in China's provinces, and this impact has regional heterogeneity. (3) The quantity and quality of FDI can promote the improvement of GIE in China through the level of environmental regulation (ER). (4) With the level of knowledge accumulation and GIE as the threshold variables, the quantity and quality of FDI have a single threshold effect on the GIE of China's provinces. The conclusions of this study provide some policy implications for local governments to make full use of FDI to perform green innovation activities.

Can common institutional ownership inhibit the formation of zombie firms? Evidence from China

The survival of zombie firms severely crowds out healthy corporate investment and employment growth, eventually undermining economic growth potential. Hence, how to properly address the problem of corporate zombification is an essential part of achieving high‐quality economic development in China. In recent years, the phenomenon of common institutional ownership has become increasingly widespread in the capital markets and has a significant impact on the strategic decisions of companies. There are currently two views on the corporate governance role of common institutional ownership: the synergistic governance effect and the collusive fraud effect. Using data from Chinese‐listed firms from 2009 to 2021, this paper finds that common institutional ownership can significantly inhibit the formation of zombie firms. The higher the degree of their linkage and the greater the shareholding, the more pronounced the synergistic effect. The findings remained valid after considering the endogeneity issue and conducting robustness tests. Furthermore, the mechanism test suggests that common institutional ownership inhibits the formation of zombie firms by improving internal control quality and reducing agency costs. This paper contributes to the study of how to inhibit the formation of zombie firms by identifying common institutional ownership from the perspective of external governance mechanisms. In addition, this paper enriches the research on the economic consequences of common institutional ownership. Finally, various practical implications for policymakers may be realised, which may help curb the trend of corporate zombification through equity‐based instruments.

Promoting sustainable and high‐quality economic development in China via regional innovation poles

AbstractUsing a panel data set comprising 284 prefecture‐level and above cities in China during 2005–2018, this study develops a theoretical mechanism harnessing the spatial Durbin model (SDM) to accumulate evidence and explain how innovation affects China's economic growth. It is found that regional economic growth is facilitated by local innovation activities as well as the absorption capacity of innovation and technology spilled over from other regions. This study also identifies 12 regional innovation poles across the country, which are found to have played a significant role in promoting urban economic development within a physical distance range of 150 km of a given region. This finding attests to the radiation effect from regional innovation poles in cultivating more such poles for China, to promote sustainable high‐quality economic growth, suggesting a route for China to avoid the curse of the middle‐income trap.

Understanding Everyday Mobility of Skilled U.S. Migrants in the Pearl River Delta Region of China

Everyday mobility is critical to understand migrants’ accessibility and inclusions to the destination cities. Existing research was insufficient to explain the everyday movement of relatively privileged skilled migrants from the Global North to the Global South, nor did it distinguish the role of one’s capability and intentionality in shaping mobility. To fill in the research gap, we employ the capital-mobility framework to investigate how skilled U.S. migrants’ capital accumulation and intentionality jointly affect their everyday mobility in Chinese cities, and the implications for their social inclusion in the local society. We use sketch mapping with semistructured interviews to conduct this study in the Pearl River Delta region, a pioneer of economic development in China. We find that although migrants’ capital accumulation facilitated their everyday movement, COVID-19 disrupted such mobility. Whether migrants had intentions to move varied, shaped by geopolitical relations, urban environment, and migrants’ own capital. The voluntary or involuntary nature of their everyday mobility also suggests whether their social inclusion or exclusion in the local society is by choice or constraint. Our study integrates geographic information systems visualization with qualitative data to highlight the spatial mobility and immobility at the individual level and generates policy implications for retaining global talent at the city level.

Analysis of the Development Direction of China's Trade "Alliance": Taking China's economic ally policy against US trade sanctions against China as an example

In recent years, China's economic development has become increasingly powerful. In the process of developing its economy, China is concerned about the world and strives to build a community with a shared future for mankind, without seeking isolation or hegemony. However, China's concept of economic globalization is different from that of the United States, and its increasingly strong economic foundation poses a threat to the United States, leading to conflicts of interest. Therefore, the United States has launched a series of trade sanctions against China. This article provides an overview and analysis of the development direction of China's anti sanction trade alliance, based on several policies issued by the United States to form "economic allies" and impose trade sanctions on China.

Does Industrial Policy Increase Labor Income Share?

Since the reform and opening-up, our national economy has achieved tremendous success. However, addressing the issue of declining labor income share is an urgent requirement for achieving high-quality economic development in China. This study empirically examines the impact of industrial policies on the labor income share using data from all A-share listed companies from 2001 to 2020. It offers a certain direction on how to enhance labor income shares: the government could intensify the implementation of industrial policies to further increase the labor income shares of enterprises. The research findings demonstrate that industrial policies significantly promote an increase in labor income shares, with firm performance playing a positive mediating role in the impact of industrial policies. Furthermore, by conducting heterogeneity analysis, this study concludes that the influence of industrial policies on labor income shares in non-state-owned enterprises is notably higher than in state-owned ones. This might be due to the more challenging financing constraints and other conditions faced by non-state-owned enterprises compared to state-owned ones, suggesting that the effectiveness of industrial policies in increasing labor income shares is more pronounced in non-state-owned enterprises. These conclusions can serve as a theoretical basis for China's industrial policy formulation.

Research on the Innovation Strategy of Regional Logistics Supply Chain System Under the Background of Digital Economy

Based on the continuous application and development of digital information technology, the digital economy has gradually become an important growth pole of China's economic development. Digital development has also provided new opportunities for the transformation and upgrading of logistics and supply chains, and the coordinated development of the digital economy and regional logistics supply chains has achieved remarkable results. However, in the process of promoting the development of the logistics supply chain, the digital economy has problems such as the imbalance in the digitization of the logistics supply chain system, the lag in the global response speed, and the lack of trust mechanism, so it is necessary to optimize the logistics supply chain management process, strengthen the information interaction and integration between the upstream and downstream node enterprises of the logistics supply chain, and connect up and down, strengthen the elasticity and resilience of the logistics supply chain, and establish and improve the trust mechanism of the logistics supply chain system, so as to accelerate the development of the digital economy and the logistics supply chain.

Analysis of the Convergence of Manufacturing Industry Structure in the Three Provinces of Northeast China

At present, China's economic development is in an important stage of transformation towards high-quality development. Realizing industrial structure adjustment, promoting rational regional industrial layout, and collaborative division of labor play an important role in promoting high-quality economic development. Therefore, conducting research on the convergence of regional industrial structure is of great practical significance for promoting sustainable economic development. This article takes the manufacturing industry in the three northeastern provinces as the research object, and analyzes the problem of industrial structure convergence in the manufacturing industry from multiple perspectives. By measuring the similarity coefficient of industrial structure, location entropy, and regional division of labor index, it was found that the manufacturing industry in the three northeastern provinces of China has intensified industrial homogeneity while the convergence of industrial structure is not obvious. Policy suggestions are proposed to address this phenomenon.

Research on China's Economic Development under the Background of Anti-economic Globalization

This article combines the China's economic development under the background of deglobalization. Through analyzing the impact of deglobalization on China's economic development, it explores China's strategies to cope with deglobalization. The study found that deglobalization has had a significant impact on China's economic development, mainly including the impact on foreign trade, investment environment, economic structural adjustment, and national economic security. In order to respond to these impacts, this article proposes strategies such as optimizing foreign trade structure, enhancing technological innovation capability, strengthening international economic cooperation, and improving national economic security prevention capabilities. The research results indicate that properly addressing deglobalization can promote the healthy development of China's economy. Based on these findings, this article also looks forward to future research. In conclusion, this study aims to examine the issues of China's economic development under the background of deglobalization and provide reference for relevant decision-making.

The Impact Of The Digital Economy And New Infrastructure On China’s Economic Development

With the rapid growth of digital technology and the advent of the epidemic and post-epidemic era, digital economy has become a vital force driving China’s monetary growth and transformation and modernizing. The digital economy and new infrastructure are two important directions in current China’s economic development. Using the newly implemented infrastructure policies released by municipality governments in China from 2018 to 2022 as a data source, the concept of new progress, driven by novel technologies, and built on digitized networks of information, is used to provide a source of power for further economic development. This paper investigates the positive and negative effects of the mathematical economy on economic growth using the Cobb-Douglas production function, Keynes-Hicks social welfare function, and Differential pricing model. One way that the digital economy might advance is by lowering transaction costs, increasing economic growth rates and total factor productivity, creating new employment opportunities, raising individual income levels, improving social services and public administration, raising social welfare levels, and further promoting economic development. On the other hand, new infrastructure includes digital infrastructure, smart manufacturing, new energy, and transportation infrastructure. The construction of these infrastructures can promote industrial upgrading and the adjustment and optimization of industrial structures. The transformation of traditional service and manufacturing industries into digitized online industries will ultimately lead to a more transparent and efficient overall economy. Even if the new infrastructure and digital economy can cause problems such as unfair competition and privacy breaches, the combination of them can lead to a win-win situation for economic development in China.

Analysis of the Impact of US Quantitative Easing Policy on China's Macro Economy

The 2008 financial crisis caused many large enterprises to go bankrupt. In order to revitalize the crumbling economy and inject liquidity into the financial markets, US has carried out four rounds of QE policy. Since the COVID-19, America has resorted to unlimited quantitative easing in hopes of saving economy. The United States' QE has an impact on China's economic development due to their frequent economic interactions, and this impact will unavoidably spread as a result of QE's spillover effects. This research examines the Fed's QE monetary policy influence on Asian's biggest country economy in two time period, after the 2008 financial crisis and during the new coronavirus pandemic, in depth using current theories. In this study, the content of the QE monetary policy in the American continent is introduced, the implementation backdrop and impact of the policy are examined. The main focus of this paper is to present the impact of US QE monetary policy on China’s economy. First of all, US policy impact will inevitably spread to China's monetary policy and exchange rate policy. Secondly, the QE’s spillover effect of Chinese inflation is analyzed from RMB appreciation and commodity price rise. Third, the capital market's strong liquidity will lead to the inflow of international capital into our country due to the United States' QE monetary policy, so the impact on our capital market is analyzed. Fourthly, it analyzes the impact of dollar depreciation brought about by QE on the China's foreign exchange assets safety.

A Study of the Impact of China's Internet Economy on the Agricultural Industry

In recent years, China has faced the challenge of economic transformation and the triple pressure of contracting demand, supply shocks and weakening expectations. In the past, China's economic growth was mainly driven by trade and investment. Nevertheless, the share of consumption in the economy has been increasing, becoming one of the most critical factors in China's economic development. The rapid development of Internet technology has promoted online consumption, thus providing a good opportunity and a platform for selling agricultural products online in remote areas. This paper focuses on the impact of the development of China's Internet economy on the agricultural industry. It is found that the development of China's Internet economy has a positive impact on the development of the agricultural industry and the sale of agricultural products. Whether in the pre-epidemic, epidemic, or post-epidemic period, online sales of agricultural products show a continuous growth trend. This paper also presents the problems of selling agricultural products online and provides reasonable solutions.

Analyzing the Impact of Local Government Debt on Business Innovation in China

In the critical stage of China's economic development towards "risk prevention" and "stable growth", the importance of preventing debt risk and incentivizing business innovation has gradually become more prominent, so it is necessary to study the impact of local government debt (LGD) on business innovation. Based on the existing studies on the relationship between LGD and business innovation, this paper summarizes and analyzes them in an attempting to clarify the mechanisms through which LGD acts on business innovation. The study shows that LGD crowds out enterprise research and development (R&D) investment by increasing financing constraints, inhibiting business innovation by weakening enterprise risk-taking capacity, and positively and negatively affecting business innovation through debt investment in different industries and debt-service dependence. In addition, this paper shows that LGD has a stronger crowding-out effect on exploratory innovation of enterprises and on enterprises that are not state-owned, large enterprises and those located in areas with low financial levels. The above conclusions can provide reference for preventing debt risk, promoting business innovation and boosting economic development.

Estimation of Economic Spillover Effects under the Hierarchical Structure of Urban Agglomeration Based on Time-Series Night-Time Lights: A Case Study of the Pearl River Delta, China

Urban agglomerations are becoming increasingly important in driving economic development in China. Accurate representation of the economic development status and spillover effects of cities within an urban agglomeration is the foundation of and an effective approach for promoting the coordinated development of that agglomeration. However, current studies of economic spillovers tend to focus on urban agglomerations as a whole, and there is a lack of scrutiny and validation of research data. Therefore, this study proposes a framework for detecting economic spillover effects within an urban agglomeration based on a prolonged night-time light dataset. Firstly, we explored the most suitable night-time light index to characterize the economic status. Then, we used this index to construct the economic network and hierarchical structure of the urban agglomeration. Finally, we explored the heterogeneity of spillover effects under the hierarchical structure. The results of a case study in the Pearl River Delta (PRD) urban agglomeration show that (1) the total night-time light in built-up areas (BNTL) has the highest Pearson correlation coefficient with GDP, which is 0.82; (2) there is an obvious hierarchical structure within the PRD; (3) there are significant and sustained economic spillover effects among the core cities, with Guangzhou–Foshan and Shenzhen–Dongguan having more obvious spillover effects; and (4) the economic spillover effects within the three metropolitan areas have different characteristics. The Guangzhou–Foshan–Zhaoqing metropolitan area is closely linked, to apparent differences in the pace of spillover effects. The Shenzhen–Dongguan–Huizhou metropolitan area has strong close linkages, with strong synchronization of spillover effects. The Zhuhai–Zhongshan–Jiangmen metropolitan area has not yet formed a stable synergistic development relationship. Overall, the framework can effectively reveal the hierarchical structure and different characteristics of economic spillovers within urban agglomerations, which can provide a scientific reference for policy making related to the coordinated development of such agglomerations.

Economic Factors That Underline Chinas Diplomatic Pursuits in the World

This article explores the relationship between China's economic development and its growing diplomatic influence across the world. The research dives into how economic imperatives impact China's international relations by analysing important economic factors behind its foreign policy, concentrating on critical sectors such as trade, investment, and infrastructure development efforts such as the Belt and Road Initiative (BRI). The paper analyses China's diplomatic use of economic power, focusing on its approach to bilateral and multilateral interactions, notably in Southeast Asia. This research presents light on the strategic convergence of China's economic aims with its diplomatic outreach, emphasising its impact for global geopolitics through a combination of quantitative data and qualitative analysis. The research also considers key global powers' reactions to China's expanding global influence, providing a holistic assessment of current international relations dynamics.

Is the era of declining global income inequality over?

This paper examines the trajectory of global income inequality since 1981. Commonly used (relative) definitions indicate a decline in global inequality since the late 1980s. Looking ahead, it has been intuited that the influence of China's economic development—and that of other rapidly growing, populous nations—on the between-country component will, at some juncture, diminish and start to add to global inequality should economic growth persist. Our paper formalizes the turning point of global inequality through a simple model. For illustrative purposes, we empirically present the implications for the timing of the turning point in the context of a weaker post-pandemic growth recovery versus a stronger, albeit improbable, post-pandemic growth recovery. We conclude by arguing that the era of declining global income inequality is likely over, considering the forces influencing both the between-country and within-country components.

Construction of Practical Teaching System for Business English Majors —Take Business English Majors of Guizhou University of Finance and Economics as an Example

With the current economic development in China and abroad, as well as the recent development plans in Guizhou province, the needs for high-quality Business English talents has been increasing. In order to cultivate qualified Business English talents, the practical teaching plays a crucial role. This paper aims to analyze the current problems of the practical teaching system, and with examples from Guizhou University of Finance and Economics, it proposes several effective ways to help the construction of practical teaching system for Business English majors.

Analysis on the Challenges and Countermeasures of Chinas Sharing Economy

The sharing economy has attracted much attention in China in recent years. The sharing economy has significant development significance and good development prospects for Chinas overall economic development. On the other hand, there are still many problems in the domestic sharing economy system, and continuous efforts should be made to promote the orderly and healthy development of the sharing economy. However, it cannot be ignored that China has perfected the existing defects of the sharing economy and promoted its use. It will surely inject great optimism into Chinas economic development. The research theme of this article is to discover the challenges facing the development of Chinas sharing economy and find strategies to deal with them. The research method of this paper is literature analysis, and the research conclusion of this paper is that the challenges faced by the domestic sharing economy are, respectively, an imperfect social system, a great conflict with the traditional economy, and a regulation of the sharing economy that needs to be improved. The corresponding strategies are: first, to improve Chinas per capita quality level; second, to improve the social credit information system; and third, to improve the supervision system of the sharing economy.