China's Market Economy Research Articles

Environmental implications of changes in China's inter-provincial trade structure

Interprovincial trade structure keeps changing during the development of domestic market economy in China. As the internal circulation and environmental protection become the theme of China's future development, a shift towards more environment-friendly interprovincial trade structure should be advocated to achieve sustainable economic and environmental development. Previous studies rarely paid attention to the comprehensive influences of interprovincial trade structure change on multiple environmental impacts. Here, we constructed an analytical framework to quantify the influences of trade structure change on national and provincial CO2 emissions, land use and water consumption during 1997–2012 based on the multi-regional input-output analysis. The results showed that inter-provincial trade structure change contributed to the decline in national average carbon intensity and water use intensity, resulting in an overall decrease of CO2 emissions and water use by 313.6 million tons and 2.9 billion m3. However, interprovincial trade structure change made some water-scarce provinces (e.g., Xinjiang, Ningxia, Shaanxi, Jiangsu) undertake water-intensive industries, further exacerbating the uneven distribution of water resources in China. On the contrary, interprovincial trade structure change led to the increase of national average land use intensity, which increased 6.3 million hectares of land use. We suggested that the environment costs of carbon emissions should be further embodied into the commodity prices through carbon tax or carbon market, facilitating the development of low-carbon interprovincial trade structure. Besides, water-intensive industries should be transferred to water-abundant provinces by adjusting the water price in water-scarce provinces. The trade-offs between land and water resources should be made for these eastern regions that took more and more land-intensive industries, as they had high land use efficiency but scarce water resources.

Influential Factors of Innovation Input Decisions: Evidence of Chinese Listed Companies

This study analyzes the influential factors underlying corporate innovation input decisions with a theoretical framework based on Cournot Equilibrium in game theory. By identifying the influential factors in theoretical deduction, we incorporate these factors with a sample of Chinese listed companies to empirically examine their impact on corporate innovation input decisions (e.g., R&D investment). The results reveal that corporate innovation input in terms of R & D investment is negatively associated with innovation risk, product cost and cost of capital, and positively related to profitability and innovation efficacy, which are consistent with the inferences of the theoretical framework and confirm the validity of our analytical model. With expanded sample range (multi-industries) and incorporation of market and governmental factors simultaneously, the findings are confirmatory to the main views of previous studies, and help to clarify the inconsistency in the findings in the extant literature. However, our empirical findings show that the type of business ownership (nature of equity right) and the level of regional marketization development do not significantly affect corporate R&D investment by the sample Chinese listed companies at present. This may be an evidence to support the development status of a market economy in China.

Research on the participation path of private enterprises in PPP projects

Public-Private Partnership (PPP) model is an important measure for transferring government functions and promoting socialist market economy in China. After four years of high-speed development and standardized development in recent years, PPP model has achieved good effect in our country. However, multiple problems emerged. In China, the “public” party of the model has always been dominated by state-owned enterprises. Although private enterprises have the willingness to participate, the actual participation degree and volume are not high which is not good for the sustainable development of the PPP model. This paper applied grounded theory to carry out in-depth interviews with the representatives from government, private enterprise, and SPV company in some key PPP projects with private participation, propose four coral categories to construct the whole process of private enterprises’ participation and summarize the behavioral features, and explore private enterprises’ realization of their participation willingness into actual participation behavior and the generation of their continuous participation willingness so as to clear the private enterprises’ participation path in PPP projects.

От переосмысления советской модели к поиску китайского пути

The article is focused on the evolution of the approaches of the Communist Party of China’s leadership to the Soviet model; it analyzes changing accents in its understanding that dominated in different periods, and the normative conclusions made from critical understanding of the Soviet experience. In 1956, Mao Zedong called to “take the USSR as a mirror” and underscored the importance of national specifics in modernization process. Since the late 1970s, Deng Xiaoping considered the Soviet model completely outdated and ineligible to any improvement, his reforms policy excluded any possibility of China’s return to the Soviet patterns. He solved the task of taking lesson from the “Soviet warning” in economy by abandoning high centralization and rigid planning. Since the 1990s, the themes of stability of party power, amassing public support, and ability of the ruling party to respond decisively to serious crises, occupied an increasingly prominent place in the Chinese debates on the Soviet lessons. Under Xi Jinping, the attention focused on the influences of the loss of political convictions by the party members and of the spread of “historical nihilism” on the collapse of the USSR and the downfall of the Communist Party of the Soviet Union. The focus in rethinking of the Soviet model shifted to the spheres of control over administrative power, institutionalization of rights, fight against corruption, modernization of the governance system. The chain of continuity of China’s development course is built around the theses about the priority of national specifics and a critical attitude towards foreign experience. It is concluded that during the period of reforms, the development of market economy in China went far beyond the original framework of Soviet centralized planned economy. In the political sphere, Soviet lessons keep their relevance and serve as a justification for the course of strengthening the ideological cohesion of the ruling party.

Research and Simulation of Photovoltaic Power Generation System

With the rapid development of China's socialist market economy, more and more people begin to pay attention to the development and utilization of new energy, and new energy has begun to attract people's attention. The main circuit structure and working principle of the most important inverter circuit in the whole photovoltaic power generation system are analyzed in detail, and the calculation method of the main components of the photovoltaic inverter circuit selected in this study is given and confirmed through simulation and experiment. When the main circuit of the whole photovoltaic inverter is analyzed and studied, in order to improve the output power of the whole circuit, the basic circuit structure is modified appropriately. The whole circuit uses high switching frequency, high voltage resistance IGBT, achieved the purpose of simplifying the whole circuit, and the overall efficiency of the circuit can be reduced, while ensuring the good output waveform of the whole circuit.

Manager Overconfidence and Cost Stickiness

China market economy is in a new period of structural deceleration. Factors, such as fierce external competition and the advancement of the globalization process have put Chinese companies under enormous development pressure. Cost management is very important for improving the utilization rate of resources, the core competitiveness of an enterprise, and achieving the net profit target set by the enterprise. The basis study of cost management is the cost form. After the stickiness of costs is proposed, it has been widely concerned by academia and practice. Managers are the decision-makers of business activities and internal information disclosure. The current shareholding structure of the Chinese government’s macro-control has formed an “insider control” phenomenon, which highlights the importance of managers. Overconfidence of the managers can strongly impact on the manager’s decision-making. Based on this, it is of great significance to study the influence of managers’ overconfidence on the cost stickiness. This paper uses the data of Shanghai and Shenzhen A shares manufacturing companies from 2014 to 2018 to verify the existence of cost stickiness, and then studies the influence of managers’ overconfidence on the cost stickiness. The study found that there is a phenomenon of cost stickiness in listed companies in China’s manufacturing industry. More over, managers’ overconfidence can aggravate the problem of cost stickiness of enterprises. The innovation of the research is as following. Firstly, it enriches the research perspective of the sticky motivation of costs. Secondly, the study extends the research of managers’ overconfidence to the field of cost decision-making.

The Normative Connotation and Legal Guarantee of Market Economy in China's Constitution

At this stage, the market economy has become an important force to promote China's economic development. Consolidating the core of market economic development, namely, economic equality and economic freedom, is an inevitable requirement for upholding and improving China's basic economic system, and it is also an important aspect of the country's strong guarantee for market economic development. Therefore, it is necessary to research the meaning of the market economy in the constitution, and at the same time clarify the constitutional norms’ obligation to guarantee the implementation of state agencies to provide adequate constitutional guarantees for the development of the market economy.

An Effect Analysis Model for Corporate Marketing Mix Based on Artificial Neural Network

Under the boom of market economy in China, marketing mix is being updated constantly to facilitate the all-round development of various industries. To accurate evaluate the effect of corporate marketing mix, this paper designs an effect analysis model for corporate marketing mix based on artificial neural network (ANN). Firstly, a complete evaluation index system (EIS) was created for corporate marketing mix, and the weight of each index was assigned through analytic hierarchy process (AHP). Then, a marketing mix of big marketing + service marketing was proposed, and subject to fuzzy comprehensive evaluation (FCE). Finally, an FCE model was constructed for the effect of corporate marketing mix, based on three-layer backpropagation neural network (BPNN). The effectiveness of the model was verified through experiments. The research findings provide a reference for the application of ANN in other fields of effect analysis.

Research on Design and Application based on Bridge Inspection and Maintenance Scheme

Under the background of the rapid economic and social progress and development of the market economy in China, the cause of traffic construction has also been built and carried out like a raging fire. there is also a direct relationship between traffic engineering construction and the rapid development of science and technology and the national economy, which plays important technical support and driving role in the development of social and national scientific and technological and economic traffic engineering construction. Under the background of the current market economy with the rapid development of science and technology and the economy, a large number of large-scale bridge designs and buildings have been put into use and obtained the latest bridge scientific detection technology. in the process of bridge construction, the structural complexity of the detection technology and the span of the bridge have been improved to a great extent. This paper mainly discusses the bridge detection technology, specific maintenance, and bridge reinforcement technology in the process of design and construction of all kinds of large bridges, and makes a technical analysis on the maintenance life of all kinds of large bridges, to increase the safety and maintenance life of all kinds of large bridges and promote the realization of their greater economic and social benefits and value at the same time.

The Last Ten Years of Traditional Craftsmanship in Miaoxia Village

This article reflects on the disappearing carpentry tradition in a rural village called Miaoxia in Sichuan Province China. Since 2015, villagers, social workers, architects, and university scholars have been collaborating to look for alternative development possibilities in Miaoxia Village. The idea of using the local carpentry tradition has been one of the key focusses in the process. Since the Chinese Economic Reform in 1978, the influence of urbanisation and market economy in China has led the Chinese government to rethink the value of rural customs and traditions. While the country has been encouraging progressive economic development, local making culture and development have subsequently been under threat. The collaborations between social workers and design professions in Miaoxia tested small-scale architecture interventions and educational workshops. These experiments have started to record and test out different ways to save carpentry traditions from extinction. This article outlines this process in Miaoxia and asks for new ideas to re-utilise this traditional making.

The Way to Improve the Risk Management and Control Ability of Small-medium Port Enterprises

Li, J., 2020. The way to improve the risk management and control ability of small-medium port enterprises. In: Yang, Y.; Mi, C.; Zhao, L., and Lam, S. (eds.), Global Topics and New Trends in Coastal Research: Port, Coastal and Ocean Engineering. Journal of Coastal Research, Special Issue No. 103, pp. 213–216. Coconut Creek (Florida), ISSN 0749-0208.The major decision risks of small-medium enterprises are investment and financing risks, and the risk control of small-medium enterprises by themselves and regulators at all levels has become a prominent problem. How to do a good job in supervision, review and risk control, establish and improve the risk control mechanism, and give full play to the positive influence and role of small-medium enterprises in China's socialist market economy has become the current society the main task of preventing financial risks. Based on the analysis of the current situation of the development of small-medium enterprises in the current stage of socialism, the author further explores the specific measures of the investment and financing risk management, which promote the further improvement of the level of economic development in China.

Discussion and Research on Audit Internal Control and PracticeConstruction Based on Risk Management

With the rapid development of the market economy in China, how to strengthen audit risk management and enable enterprises to improve the internal audit control system to cope with complex and severe market risks has become the focus of current social concern. In foreign countries, although audit internal control and risk management-based practice construction are relatively mature, China’s construction of a risk-oriented internal audit control system has just begun, and needs to be further improved. Therefore, strengthening audit internal control and practice construction based on risk management is urgent for Chinese enterprises. This article starts with the connotation of internal audit control and risk management, expounds the relationship between risk management and internal audit control, and discusses the internal control of audit and practice construction based on risk management. In addition, it also analyzes the current situation of China’s construction, and puts forward practical countermeasures to strengthen the internal control of China’s corporate auditing.

Comments on The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War

December 01 2019 Comments on The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2019 by the Asian Economic Panel and the Massachusetts Institute of Technology2019Asian Economic Panel and the Massachusetts Institute of Technology Asian Economic Papers (2019) 18 (3): 55–56. https://doi.org/10.1162/asep_a_00716 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Comments on The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War. Asian Economic Papers 2019; 18 (3): 55–56. doi: https://doi.org/10.1162/asep_a_00716 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsAsian Economic Papers Search Advanced Search Dwight H. Perkins, Harvard University: Professor Yu has made a number of points relevant to the questions of the U.S. trade deficit with China and whether or not China is a market economy and eligible for market economy status in its trade with the United States. My comments focus on additional issues that need to be considered in analyzing these two questions. First, to fully understand why the United States has a trade deficit with China and China a surplus, it is important to understand the macroeconomic considerations that underlie this result. The United States has an overall trade deficit with the rest of the world and China has an overall surplus. This overall deficit results from the fact that the United States consumes and invests more than it produces. This is due in part to a low saving rate and an investment rate that is considerably larger than that... You do not currently have access to this content.

Summary of the General Discussion on “The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War”

December 01 2019 Summary of the General Discussion on “The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War” Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2019 by the Asian Economic Panel and the Massachusetts Institute of Technology2019Asian Economic Panel and the Massachusetts Institute of Technology Asian Economic Papers (2019) 18 (3): 57–58. https://doi.org/10.1162/asep_a_00717 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Summary of the General Discussion on “The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War”. Asian Economic Papers 2019; 18 (3): 57–58. doi: https://doi.org/10.1162/asep_a_00717 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsAsian Economic Papers Search Advanced Search The discussion began with Gamini Herath suggesting that the author discuss the likely impact of the 2018 tariffs on China's growth trajectory; would the tariffs result in a shift in China's chosen growth path? Deborah Swenson wondered how China's state-owned enterprises (SOEs) are going to perform in more dynamic sectors like aerospace and if the Chinese government planned to treat SOEs and private enterprises equally, as suggested in the paper. She seemed skeptical of the Chinese government's declaration that it will no longer confer special favors to SOEs. “Can a tiger change its stripes?” she asked. Prema-chandra Athukorala sought clarifications on three points. First, he asked about the status of the U.S. acceptance of the market economy status of China. The United States had agreed to consider this in 2016 but it appears not to have been done. Second, he noted that no data on subsidies given to the SOEs... You do not currently have access to this content.

Comments on The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War

Comments on The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War

The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War

This paper investigates the most essential issues behind the ongoing U.S.–China trade war. In addition to the apparent bilateral trade imbalance, China's status as a non-market economy (as labelled by the Trump administration) is one of the most fundamental reasons that the United States triggered the U.S.–China trade war. Accordingly, the United States’ most pressing request is to urge China to implement further structural reform. This paper argues that the current Chinese economy is quickly becoming a modern market economy with a unique Chinese character. This is evident from ongoing structural reform to create a competitive environment between state-owned enterprises and private enterprises, and through a further opening-up of the market by guaranteeing a wider and deeper market access for inbound foreign direct investment.

Discussion on the main points of construction quality control in civil engineering

<p>With the improvement of comprehensive development level, civil engineering is perceived a promoted position in the development of the whole market economy in China. Civil engineering is an important link for building construction. Good civil engineering construction management ensures the overall engineering quality control level. Through the reasonable analysis of construction standards, construction contents and construction steps of civil engineering, the actual construction control and management methods of civil engineering are defined, the effective control scheme of civil engineering quality is analyzed, and reasonable suggestions for solving problems are put forward, so as to realize effective control and management of civil engineering construction quality in China. This paper makes an analysis of the actual construction control and fully studies the measures and schemes of the actual construction quality control to improve the management efficiency of the construction quality control of civil engineering.</p>

Foreign Direct Investment Dynamic Performance with Low-Carbon Influence: A Provincial Comparative Application in China

Cross-border capital flows have been a major force driving economic globalization. Foreign direct investment (FDI) plays a decisive role in seeking out market technology brands and enhancing the global competitiveness among international inflows. With the requirement of economic development, this paper focused on a performance evaluation of FDI in China. However, because of the planned transformation to a market economy in China, FDI has been promoted with a regional cascade structure. Similar to the development track of the Chinese economy, it is necessary to evaluate FDI quality more than purely quantity from a provincial point of view. Therefore, this paper evaluated the Chinese provincial FDI total factor productivity using the dynamic Malmquist model. In contrast to traditional evaluations, this paper focused on inter-temporal influence in FDI performance evaluation. To understand the inter-temporal effects, physical capital stock was defined as a dynamic variable in FDI sustainability performance. Additionally, with the pressure to reduce emissions, energy consumption was also considered during the evaluation. The empirical results revealed that the dynamic variable is the bottleneck in FDI performance for most Chinese provinces. It is only efficient in a few municipalities and provinces, such as Shanghai and Guangdong. Additionally, energy conservation was more efficient in the performance evaluation of eastern regions in China.

From Accelerated Accumulation to Socialist Market Economy in China: Economic Discourse and Development from 1953 to the Present, by Kjeld Erik Brødsgaard and Koen Rutten. Leiden: Brill. 218 pp. €138.00/US$159.00 (cloth); also available as an eBook.

<i>From Accelerated Accumulation to Socialist Market Economy in China: Economic Discourse and Development from 1953 to the Present</i>, by Kjeld Erik Brødsgaard and Koen Rutten. Leiden: Brill. 218 pp. €138.00/US$159.00 (cloth); also available as an eBook.

Exploring the Mode of Entrepreneurship Education Based on the Legal-Business Compound Competency in China.

A perfect legal guarantee can ensure China’s high-quality socio-economic development. At present, in terms of China’s entrepreneurship education (EE), it is necessary to strengthen entrepreneurs’ legal consciousness and respect for rules. The research establishes a model for legal-business compound competency (LBCC). It is a pioneering EE mode adapted to characteristics of China’s market transition to cultivate interdisciplinary talents who excel at management and administration but also have a command of laws and regulations in EE. By utilizing behavioral event interview (BEI) and Delphi methods, factors affecting LBCC were summarized. Moreover, a questionnaire-based inquiry was conducted using graduates who received law–business interdisciplinary entrepreneurship education (LBIEE) as subjects to collecting data to evaluate the cultivation effect of the EE mode. In the study, a model for LBCC was established from the three perspectives including knowledge, skill, and attitude. Additionally, cultivating competency of law–business interdisciplinary talents (LBITs) shows a significantly positive influence on compensation level and job satisfaction among graduates who have received the EE. The core task of LBIEE is to improve compound competency of students in legal-business to enable students to show entrepreneurial spirit with legal-business intelligence. It is considered an innovation in a mode of education adapted to the transition and development of China’s market economy.