Investment In China Research Articles

Discriminative Grandparental Investment in China : Evidence from an Undergraduate Questionnaire Study.

Many studies in Western societies show a pattern of discriminative grandparental investment as follows: maternal grandmothers (MGMs) > maternal grandfathers (MGFs) > paternal grandmothers (PGMs) > paternal grandfathers (PGFs). This pattern is in line with the expectation from evolutionary reasoning. Yet whether or not this pattern applies in China is in question. The present study was based on a questionnaire survey at a university in Central China (N = 1,195). Results show that (1) when grandparent-grandchild residential distance during grandchildren's childhood is controlled, in the case of grandsons and granddaughters as a whole and granddaughters only, both grandparental caregiving and grandchildren's emotional closeness to grandparents display a rank order of MGM > MGF > PGM > PGF, but in the case of grandsons only, this order is not statistically significant. (2) There are stable relationships between grandparental caregiving/grandchildren's emotional closeness and residential distance/similarity in appearance. (3) The effects of residential distance on either PGFs' or PGMs' caregiving exceed those on either MGFs' or MGMs'. (4) The PGF and PGM prefer grandsons to granddaughters in their caregiving, whereas the MGF and MGM do not have a sex preference, and (5) the fact that the PGF and PGM invest more in grandsons than in granddaughters does not depend on grandsons' duration of living in a rural area. Our results suggest that (1) in general, the Chinese display a pattern of differential grandparental investment predicted by an evolutionary perspective, (2) the evolutionary perspective that combines the two factors of paternal uncertainty and sex-specific reproductive strategies is applicable to grandparental investment in China, and (3) the traditional son-preference culture also plays some role in affecting grandparental investment in China, though the roles of culture and urban-rural cultural difference should not be exaggerated.

Dynamic linkages between tourism development, renewable energy and high-quality economic development: Evidence from spatial Durbin model.

There has been a shift in focus toward environmentally and economically sustainable forms of economic growth known as High-quality economic development (HQED). However, this study analyzes the impact of tourism development (TD) and renewable energy consumption on HQED in 30 provinces of China, while covering the time period from 2007 to 2021. TD and HQED has been measured with help of Global Moran Index. This study has used dynamic spatial Durbin model (SDM) to measure the dynamic impact of TD index and renewable energy consumption on HQED along with green finance, foreign direct investment and investment in education. The findings from empirical analysis shows that TD has negative impact on HQED and in more developed regions, the relationship is positive, while in the less developed western part of China, the U-shape has been reversed. Central and northeastern China have a U-shaped connection, while it has been noticed the interaction term of TD and renewable energy endorses HQED. In addition, renewable energy consumption, green finance and increase in education investment have positive and significant impact on HQED while foreign direct investment has negative impact on HQED in China. Therefore, in the light of this study policymakers should focus on the quality of tourism industry, green finance for renewable energy supply and enhancing education investment in China to attain the goal of HQED.

Utilizing virtual arts in reforming market players’ behavior to invest in sustainability projects

This study investigates the influence of the expansion of the virtual arts market on private sustainable investment in China spanning the years 1985 to 2021, employing the autoregressive distributed lag model. The results indicate that a 1% rise in the virtual arts market correlates with a short-term surge of around 0.46% in private sustainable investment, with a lasting increase of 0.38%. Furthermore, factors such as social inclusion, privatization, economic size, financial development, and renewable deployment significantly shape private sustainable investment patterns. Noteworthy policy recommendations arising from these findings include the integration of sustainability topics into educational curricula, the establishment of online platforms dedicated to sustainable virtual arts, the cultivation of green financing markets, and the promotion of collaborations among virtual arts institutions with a specific emphasis on sustainability.

The effect of trade policy uncertainty on R&D investment: evidence from Chinese listed firms

ABSTRACT This study investigates the impact of trade policy uncertainty on firm R&D investment in China, motivated by the recent trade friction between China and the US and the associated rise in trade policy uncertainty. Using textual analysis of annual reports of A-share listed firms, we construct firm-level measures of trade policy uncertainty and assess its effects on R&D investment. We find that higher trade policy uncertainty increases R&D investment. The effect is driven by firms’ desire to substitute away from threatened foreign inputs by strengthening their innovation. Given the increasingly challenging and complex external environment, this study holds significant implications for innovation policy-making and how firms respond to uncertainty.

Multiscalar Industrial Strategies and Variegated Foreign Investment in China

ABSTRACT The Belt and Road Initiative (BRI) enables investment from outside of Global North, such as the Gulf countries and Latin America, to enter the Chinese market. China’s local governments play an important role in facilitating FDI by new actors. This research uses a case study of three Turkish companies to explore the motivations of companies from developing countries to localize their operations in China, and the motivations for local officials to diversify their FDI portfolios. The results show that local governments are significantly more receptive to investments by developing countries due to inter-regional rivalry within China. The central government’s strategy of prioritizing high-technology industries works against developing countries, as their investments usually come from low-technology heavy industry companies. Turkish companies feel unwelcome by local governments except for the relatively large size of the capital they bring in. The findings demonstrate the transnational relations of China’s local governments and contribute to the multiscalar analysis of the spatialization of industrial strategies in Global Production Networks.

Investment and Analysis of China's New Energy Industry Chain

The aim of this paper is to provide an intricate analysis of investment prospects within China's emerging clean energy sector using the Capital Asset Pricing Model (CAPM). Initially, the paper delves into the background, objective, and current state of China's clean energy industry. It then offers a comprehensive explanation of the CAPM model, elucidating its theoretical foundation and underlying assumptions. Key concepts such as the risk-free rate, beta coefficient, and market risk premium are clarified. In subsequent sections, the paper describes the data collection methods employed by the research institute and justifies the selection of sample companies.Moving on to the results section, the paper presents an evaluation of investment prospects by utilizing the beta coefficient as a pivotal determinant. The analysis takes into consideration pertinent factors like performance, growth potential, and financial stability, empowering investors to make well-informed decisions. Building upon the research findings, the paper concludes by providing comprehensive insights and recommendations for investment in China's clean energy sector. Furthermore, the paper substantiates its conclusions by citing relevant references, thereby establishing the credibility and validity of the findings.Ultimately, this study enhances our understanding and assessment of the investment potential within China's clean energy industry. By promoting sustainable development within this sector, this research contributes to China's broader objective of attaining long-term environmental and economic sustainability.

Inward foreign direct investment and domestic entrepreneurship in China: the moderating role of intellectual property infringement hazards

PurposeThe scholarly debate regarding the impact of inward foreign direct investment (FDI) on entrepreneurship remains inconclusive. This study aims to tackle this discrepancy by positing that the relationship between inward FDI and entrepreneurship in the host nation is not deterministic but is moderated by intellectual property rights (IPR) infringement hazards. These hazards are postulated to dictate the level of knowledge spillovers from inward FDI, thereby affecting entrepreneurial activities.Design/methodology/approachThis study uses panel data regression analysis using data spanning 30 Chinese provinces from 2010 to 2018. The Hausman test results rejected the null hypothesis, recommending the use of the fixed-effects estimator over the random-effects one for statistical consistency. Therefore, the fixed-effects estimator is used to test the hypotheses.FindingsThe study’s analysis reveals that the main effect of inward FDI on entrepreneurship is statistically insignificant. However, once IPR infringement hazards are introduced to the model as a moderator, the main effect turns statistically positive and significant. Notably, the positive main effect diminishes as IPR infringement hazards increase.Originality/valueHighlighting the role of IPR infringement hazards as a moderator, this research unveils the nuanced relationship between inward FDI and entrepreneurship, thereby addressing the ongoing theoretical debate. This study demonstrates that knowledge spillovers from inward FDI are not automatic but depend on concerns about IPR infringements in the host nation. The resultant spillovers are then translated into entrepreneurial activities.

Do interfund network centralities affect fund systematic risk? Evidence from China open-ended funds

ABSTRACT Open-ended funds have been widely favoured by investors in China due to their high liquidity and the sufficiency of their information disclosure. We construct an interfund network to investigate the relationship between fund centralities and fund systematic risk. The results confirm the existence of a linkage effect in the fund network during the stock market crisis of 2015 while the fund network returned to a looser state after the crisis. In addition, the degree centrality and closeness centrality of funds in the network have significant positive effects on systematic risk, with a fund either playing a relatively crucial role in the network or maintaining sufficient proximity to other funds, both of which amplify the level of systematic risk. In addition, the fund shareholding ratio has a positive moderating effect on the relationship between fund centrality and systematic risk. We speculate that systematic risk can be diffused across funds through the stock market, which directly relates to fund network characteristics. Fund interconnectedness plays a more pronounced role than fund size in systematic risk, thus supporting the ‘too connected to fail’ perspective. Regulators are recommended to focus on ‘social star’ funds with high degrees or proximity centralities.

The Role of the Non-State Actor in Sino-American Relations: An Analysis Based on the Rockefeller Foundation and the Peking Union Medical College

Founded in 1913, the Rockefeller Foundation has played a major role in US cultural diplomacy. The RF has implemented various philanthropic programs to export a perception of American values, including freedom and democracy, with the aim of eliminating local vigilance and misunderstanding, improving its international reputation, and advancing US foreign policy. In particular, the RF has made significant investments in China. From 1909 to 1949, the RF consistently invested in the medicine, health, culture and education of China. The RF exerted an incalculable influence on Chinas modernization for half a century. One of its most significant and influential investments was the establishment of the Peking Union Medical College (PUMC). Accordingly, this essay seeks to analyse the RFs largest overseas investment, the establishment of the Peking Union Medical College, to evaluate its specific practices and influence, as well as to explore the role of the RF in Sino-American relations and Americas overseas expansion.

How do volatile and non-volatile energy factors affect energy OFDI? evidence from simultaneous equation model

Its reliance on energy from individual countries has seriously affected its energy security and foreign policy. Therefore, reducing dependence on energy from specific countries and decomposing energy import channels have become crucial goals in China’s efforts to resolve its energy crisis and ensure its national energy security. This study aims to analyze the impact of energy factors on the location determinants of China’s energy OFDI to help reduce energy dependence and improve China’s energy security. Simultaneous equation models and panel data from 162 target countries for the period 2005–2020 are used to examine the coincidental relationship between volatile and non-volatile energy and intermediary factors in investment target countries and China’s energy OFDI. The simultaneous equation model, comprising a system of equations, constitutes a multifaceted modeling approach that allows examination of two or more dependent variables. This study provides insights into energy investment in China through simultaneous equation modelling, it guides the implementation strategies for home and target countries of energy investment.

Research on the Current Situation of Quantitative Investment in China

Quantitative investment, as one of the many tools in the investment toolkit, plays a significant role in investment practice. Quantitative investment strategies encompass quantitative industry allocation, stock selection, and market timing strategies, among others. In the highly developed capital markets of the United States, quantitative investment has a history spanning several decades. It has garnered praise from numerous corporations and individual investors for its stable investment returns and rational investment style, making it an essential decision-making factor for other investors as well. In China, quantitative investment is still in its nascent stages. This article analyzes several issues existing in the Chinese quantitative investment landscape, such as limited hedging mechanisms for investment strategies, some strategies having a significant impact on the market environment, and the incompatibility of the unique Chinese financial market environment with traditional quantitative investment strategies. The article proposes corresponding solutions to these problems, which hold positive implications for further improving China's financial markets.

Exploring Chinese Investments in Europe: Scope and Governance Dynamics

Abstract: Chinese investments in Europe have been significant over the past decade, with almost US$455 billion spent on investments in several sectors, according to the China Global Investment Tracker. Notably, a great portion of these investments are driven by the Belt and Road Initiative. This study analyzes China's investments, identifying the main beneficiaries based on relative economic size and assessing the impact of governance indicators. It employs panel data regression to examine the impact of Chinese investments in 15 European countries from 2011 to 2020. Results indicate that smaller economies and those with lower scores for voice and accountability received a greater proportion of Chinese investments relative to their economic size. Serbia, Belarus, and Ukraine are in the top four list of countries. These findings suggest that China's investment decisions in Europe are not solely determined by governance indicators. Consequently, countries with lower scores have the potential to receive investments and foster economic growth, offering an alternative to conventional methods of attracting foreign investments.

数字经济对我国外商直接投资的影响研究

数字经济对我国外商直接投资的影响研究

Research on the Development of Real Estate Investment in China Based on Bayesian Models

Research on the Development of Real Estate Investment in China Based on Bayesian Models

THE SYSTEM OF REGULATION OF FOREIGN INVESTMENTS IN THE PEOPLE'S REPUBLIC OF CHINA IN THE FACE OF GLOBAL CHALLENGES

Foreign direct investments play a significant role in development strategies in developing countries. They are fundamentally important for the country's economic development. Foreign direct investments certainly support the national economy facing domestic investment resources shortage, and may cover the gap between investment resources and national investments. So, foreign direct investments can affect economic development and accelerate economic development. China is an example of a country that has demonstrated incredible growth in a relatively short period of time, becoming an important player in the global economic system. Over the years, foreign direct investments in the country has steadily increased, and a significant role in this investment incentive was played by China's investment policy of the early 2000s, which was aimed at attracting investments into the country, thereby stimulating various production industries. In this context, it is worth mentioning special economic zones that were established to increasingly "open China" to investors and contribute to accelerating economic growth. Additionally, China demonstrates stable economic growth and serves as a popular destination for investments due to the implementation of comprehensive measures aimed at the development of production and other sectors of the economy, a balanced and long-term policy regarding state regulation of investments, as well as measures aimed at implementing state control over foreign investment and protection of national security and interests. Despite the partial openness of this country, as well as its characteristic features, including those determined by the political regime, these aforementioned circumstances provide a basis for understanding the significance of utilizing China's experience, which other countries can adopt to their own political realities. So, China is well known as an importer of investments, but in recent years its role as an exporter of investments has been increasing. China's international presence abroad is growing, and it may happen that China even overtake the United States in the near future. Foreign investments give China an opportunity not only to strengthen its own economy, but also to apply its economic power to increase its influence abroad. Partly guided by Beijing's strategy to enter foreign markets and the "One Belt, One Road" Initiative, which encourage investments in foreign markets, Chinese firms have been actively expanding their foreign presence in a number of sectors in recent years, along with active investments attracted to their country, including through the numerous special economic zones.

ESG Transformation in the Largest Emerging Capital Market of China. A Literature Review

The paper provides a scholarly examination of academic studies of the ESG landscape in China through a systematic literature review with a major focus on the nature and intensity of regulatory guidelines and policies. While many studies indicate positive effects of Chinese ESG policies on corporate ESG performance and investment, they primarily focus on environmental aspects. This analysis of China’s ESG rating system exposes relationships between ESG ratings, corporate performance, financing costs, including both debt and equity financing. The research on equity financing costs is inconsistent and limited in scope, indicating the need for additional investigation. Of the factors influencing ESG, the past year has seen a surge in research on the topic of digital transformation and ESG performance. Most studies demonstrate thatdigital transformation contributes to ESG performance, and a few suggest that digital transformation positively moderates the effect of ESG performance on firm value enhancement. This review discusses the growth of ESG investment in China, focusing on pension funds, commercial banks, and ESG funds, as well as investor preferences. Despite the growing role of ESG in investment decisions, extant research is largely theoretical, underscoring the need for more empirical and quantitative studies. The research identifies gaps in studies devoted to ESG investment, including the need for comprehensive studies on the impact of ESG across various insurance types and industries, and the development of effective ESG quality assessment methods. This review is among the first academic resources summarizing and integrating various studies, and highlighting areas for future ESG research in China.

The Impact of China-US Trade Conflict on Foreign Investment in China

The trade war between China and the United States, as the two largest global economies, has had a profound impact on both countries. However, China, being a developing nation that has attracted significant interest from investment companies worldwide, has been particularly affected by this conflict. The trade war has presented numerous challenges for companies looking to invest in China, but there have been notable improvements in recent years. This study aims to delve into the examination of the influence of objective changes and subjective changes experienced by investors on the ultimate outcomes of their investments. By analyzing both the tangible and intangible factors affecting investment decisions and outcomes, a comprehensive understanding of the trade war's impact on investment in China can be gained. Objective changes refer to the concrete alterations in trade policies, tariffs, and regulations that have been implemented as a result of the trade war. These changes may include increased tariffs on certain products, revised import and export regulations, or modifications to investment laws. These objective changes can directly impact the costs, profitability, and feasibility of investments in China. On the other hand, subjective changes pertain to the perceptions, attitudes, and sentiments of investors toward investing in China amid the trade war. These subjective changes can be influenced by factors such as geopolitical tensions, market uncertainty, and the perceived risks associated with investing in a country engaged in a trade war.

The Improvement of the Legal Protection System for Private Equity Investors in China

The Improvement of the Legal Protection System for Private Equity Investors in China

Exploring the Nexus of Eco Digitalization, Financial Globalization, and Renewable Energy in Mitigating CO2 Emissions: A Review of China

This study aims to investigate the perspectives offered by the literature about CO2 Emission on Eco Digitalization, Green Investment, Financial Globalization, and Renewable Energy in China. The available theoretical and empirical literature on the subject is examined and summarized in this work. It identifies the literature by drawing on theoretical and empirical insights from published literature in the second place. This article further clarified theoretical approaches that explain how and why these approaches’ function. Third, this paper suggests three productive areas for more study. This study adds to the body of knowledge on CO2 Emission on Eco Digitalization, Green Investment, Financial Globalization, and Renewable Energy in China by critically examining and combining previous theories and studies in the field.

Direct Investment of China in the Russian Automotive Sector as Part of the Global Strategy of Chinese Automakers

This article reveals the main trends of direct investments by China in the Russian automotive industry within the context of the global strategy pursued by Chinese auto manufacturers. Through an examination of the motivations behind Chinese automakers entering into foreign markets, using the eclectic paradigm of J. Dunning, the authors draw conclusions about the prospects of Russian-Chinese cooperation in the automotive sector. It is posited that the success of Chinese automotive corporations in the global arena is primarily linked to their ongoing exploitation of advantages generated in the domestic market, which are also extended outward through foreign investments. The main investment motivations identified for Chinese automakers include market access, technology transfer, cost reduction and global expansion. The authors highlight market access and global expansion as the principal drivers of Chinese direct investments in Russia. The challenges that Russian automotive industry faced recently will not allow fully leverage the benefits of cooperation with Chinese automakers in the short term. However, substantial impact of the cooperation with Chinese partners is expected to be the deeper localization of production in Russia.