Chinese Economic Reform Research Articles

Research on the IPO Listing Risks of Chinese Family-Owned Private Enterprises Based on a Rejection Case

With the continuous improvement of the capital market and the trend of national economic development, China's IPO system has also changed in response to the country's circumstances and financial situation. Thanks to Chinese economic reform, more and more private companies want to IPO listing. In addition, most of these companies are family-owned private enterprises, which are the main group of IPO applicants due to their seniority and size. However, this type of enterprise started early, it still have many old and inadequate systems, as well as irregularities in disclosure and trading. These shortcomings will become the main risk of IPO failure. Shenghuabo Electric Co., Ltd. is a typical family-owned private enterprise, thus it will be used as an example for this paper. In addition, this article mainly analyses the reasons related to the enterprise's IPO being rejected, and gives corresponding solutions. The purpose of it is to provide assistance to family-owned private companies for future IPO listings.

Cultures of labour: aspiration, developmental futures and the materiality of memory after Chinese economic reform

ABSTRACT This article argues for attention to the affective investments that motivate working people’s life choices in contemporary China by tracing the materiality of the development of aspirations in a rapidly developing context. Turning to the work of Bernard Stiegler, the article contends that for working people, the demand to labour is based not just on the alienation of the means of production (savoir-faire), but also the means of living a good life (savoir-vivre), which is displaced into a future made knowable within the material world in the present. The article shows how the developmental standard-making that produces senses of progress and legitimizes aspiration, thus compelling economic action, is alienated within the materiality of working people’s rapidly changing worlds. By referencing these temporal displacements, developmental subjects assess their own presents by comparison, justifying difficult circumstances by making progress tangible. Understanding the mechanics of aspiration and cultures of labour is vital in light of critiques by labour geographers of the equation of labour agency with traditional, formalized labour politics, as there remains much work to be done to understand how and why people become workers in the first place.

Clothing as a sociocultural phenomenon (based on materials from modern China)

The object of the study is clothing as a sociocultural phenomenon, a product of material and spiritual cultures. The evolution of clothing is closely related to sociocultural changes in society. The subject of the study is the transformation of clothing in China under the influence of political, economic, social, and aesthetic factors after the beginning of Chinese economic reform and opening up policy. The significant changes have taken place in Chinese clothing, the main of which was the transition from a uniform style of clothing for the whole country to a variety of fashion and styles, as well as the revival of traditional clothing. The transformation in the style and production cycle of clothing in China is based on objective (technology development, market laws, global fashion trends) and subjective reasons (psychology, personal preferences and aesthetic tastes of consumers). There is always a concept behind the behavior in clothes, and the desire for beauty is the main driving force behind the development of clothing. The social psychology of imitation and difference contributes to the spread of fashion trends in clothing. The author's special contribution to the topic is a detailed examination of the impact on the transformation of clothing of political, economic, sociocultural, aesthetic factors, as well as cultural exchanges and folk traditions. The author traces the sequence of fashion trends in China in recent decades. Сontemporary changes in Chinese clothing culture are not limited to simply borrowing Western trends, but are accompanied by the emergence of postmodern ideas and the promotion of the globalization process, which leads not only to the technological and design enrichment of clothing characteristics in China, but also to the growth of cultural awareness and the revivalization of traditional and local cultures.

Intergenerational reproduction and self-assessed mental health in adulthood in China

Physical and mental health disparities by socioeconomic status in China are well documented but the effects of the intergenerational reproduction in socioeconomic status on adult mental health have received little attention to date. We utilized cross-sectional data from the 2017 Chinese General Social Survey to examine the significance of intergenerational socioeconomic reproduction for differences in self-assessed mental health in a national sample of Chinese adults between the ages of 23 and 65. We documented substantial elasticities between the socioeconomic status of the survey respondents and their parents: father's education, mother's education and childhood social class were all associated with both respondent education and respondent household income. We also found that associations between parental socioeconomic status and their adult children's self-assessed mental health were partly explained by the children's own socioeconomic status. However, these pathways were noticeably moderated by age cohort. Among younger people, associations between parental socioeconomic status and mental health were mostly explained by educational attainment whereas among older people associations between parental socioeconomic status and mental health were mostly explained by household income. In general, parental socioeconomic status appear to have a greater influence on the mental health of people who grew up after the Chinese economic reform of the 1970s.

중국에서 문화지리학의 태동과 발전

Examining the emergence and development of cultural geography in China, this study aims to identify major researchers and research trends by generation and to identify major research bases and characteristics by region as well. For these purposes, we tracked the master-apprentice relationship of scholars who published cultural geographical studies in major geographical journals in China. According to the generation classification, scholars could be divided into five generations in this study. Geographical study of culture started in the Huadong region centered on Nanjing University was found to be divided into two bases: Beijing and Guangzhou. Although it is nearly 100 years since geographical study of culture emerged in China, cultural geography was firstly introduced to universities as a course by the third generation scholars in the mid-1980s, shortly after the Chinese economic reform. Leading the research from the late 1990s to the late 2010s, the fourth generation had contributed to the transition from ‘historical and cultural geography’ that inherited from earlier generations to ‘social and cultural geography’. The fifth generation, who began academic activities in the 2010s, has switched to ‘social and cultural geography.’ We argue that ‘institutional sustainability’ and ‘critical mind on issues in China’ are the tasks of Chinese cultural geography.

Walking Out of the Mundane

The Chinese economic reform starting from the 1980s not only brought in convenience, leisure and limited freedom, but also disciplined human bodies, repressed human desires and routinized everyday life. Many Chinese artists born in the 1980s have heart-felt feelings towards the fast-changing reality and attempt to find an alternative to the mundane life locked up in the urban grid. This essay examines the performances of walking conducted by a group of Chinese behaviour artists of the post-1980s generation, including Li Binyuan, Tong Wenmin, Wang Che, Yang Xinjia and Cheng Xinhao. Walking bodies, as performative events, challenge the domineering and routinized urban mundanity. In their performative acts of bare walking, tentacular walking, drifting walking and meditative walking, young Chinese behavioural artists utilize their bodies to put urban places into practice and create mobile spaces, instilling emancipatory potential into contemporary reality.

The development of "socialism with chinese specifics in a new era": to the results of the XX congress of the communist party of China

The article the author notes that China approached the twentieth Congress of the CPC with contradictory results. On the one hand, there are many important, profound, historical achievements that have transformed the People's Republic of China in various fields, strengthening its position as the second economy of the world. And on the other hand, there are a number of problems left over from the previous period of reform and development, as well as new challenges to the world economy, politics, and the coronavirus pandemic. The article analyzes China's achievements in socio-economic life, reveals the problems and tools to solve them. In the article, the author puts forward the thesis about the division of China's economic reform into two major, fundamental periods – the period of adaptation, localization of foreign innovations and technologies and the period of transition to development based on their own, national innovations. The author reveals the main features of the second period in the development of the Chinese economic reform, including the course towards a new development architecture, emphasizes both the presence of achievements and problems. It is announced that after the twentieth Congress of the CPC, a new campaign will begin in the country on the way to the realization of the Chinese dream with great hopes and determination.

Intergenerational reproduction and adult self-rated physical health in China

We used cross-sectional data from the 2017 Chinese General Social Survey to investigate whether and how Chinese parents utilize their socioeconomic resources to facilitate the acquisition of socioeconomic resources by their children that in turn affect the self-rated health of the adult children. We found that father's type of work unit (danwei) and father's membership in the Chinese Communist Party were not independently associated with the self-rated health of survey respondents. Father's education was associated with the self-rated health of women, especially younger women, and self-reported childhood social class was associated with the self-rated health of men and older women, most strongly so for younger men. Two thirds of the association between father's education and self-rated health among younger women was statistically explained by personal socioeconomic resources and almost a quarter of the association between self-reported childhood social class and self-rated health among younger men was statistically explained by personal socioeconomic resources. Our study illuminates the importance of intergenerational reproduction in fostering the good health of Chinese adults, especially for those who grew up after the Chinese economic reform of the 1970s.

Spatial evolution of cultivated land in the Heilongjiang Province in China from 1980 to 2015.

Sustaining cultivated land is critically important for food security, economic development, and social stability in China. China has been developing rapidly since the adoption of the Chinese Economic Reform of 1978, revealing the spatial evolution characteristics of cultivated land can provide valuable information for estimating and sustaining Chinese food security. In this study, we analyzed the spatial evolution of cultivated land from 1980 to 2015 in the Heilongjiang Province, one of the most important grain production regions in China, by combining five land-use databases, a geographic information system, and mathematical models. The results showed that cultivated land in the Heilongjiang Province increased by 33,234 km2 (23%) from 1980 to 2015. The increase primarily resulted from land conversion from the forest (11,511 km2), grassland (9780 km2), and unused land (9696 km2). Additionally, cultivated land-use change's spatial characteristics differed among decadal periods. Spatial changes were stronger during 1990-2000 than in the other periods (1980-1990, 2000-2010, and 2010-2015). The landscape shape index indicated that cultivated land development had a regular changing pattern but showed a trend toward irregular development over the study period. The spatial expansion of cultivated land showed a strong directional trend, which was further found to be associated with geomorphological factors, indicating the prominent controls of abiotic factors on cultivated land expansion. This study provides an overview of the long-term spatial evolution characteristics of cultivated land and the key abiotic controls on cultivated land use change. This information can help local government policymakers effectively balance regional development, environmental protection, and food security.

Chinese Diplomacy Discourse in the Prism of the Relations with the Sub-Saharan Region

Chinese economic reforms initiated by Deng Xiaoping have given China the necessary push for the development and growth of the domestic economy. The People’s Republic of China (PRC) under Xi Jinping claims, that the originally planned transformation is completed, and China is ready for achieving new goals, such as first peripherical and, later, global dominance, leadership in manufacturing and technology and probably even the moral benchmark. The PRC presents a new model of global order with its active position as the super nation.Chinese current behaviour on the international stage is the direct illustration of the political thought of Xi Jinping. To understand the main principles and the vision of the PRC under Xi, his principles of diplomacy have been analysed.This paper claims, that the rhetoric of Xi Jinping and his administration is a neo-pragmatic approach, which includes nativism, anti-traditionalism and pragmatism within.The article takes as a case study for the implementation of the Chinese foreign policy the Forum on China-Africa Cooperation (FOCAC) member states.Contrarily to the American dominance, China suggests guidance, collaboration with mutual benefits and growth, which involves both sides. “Shift in space” stresses the concrete steps for achieving the “China’s dream” of rejuvenation.

Research on the Agglomeration Effect of Financial Industry in Free Trade Zone

Since the 1970s, with the rapid development of economic integration and the rapid flow of financial resources, Chinese economic development of has accelerated, financial institutions have become closer, and financial agglomeration has become increasingly obvious, showing regional attributes. In the process of economic development, the leading position of finance is becoming more and more unshakable, and financial agglomeration has become an important form of modern financial industry organization and development. The free trade zone has served as a key role in breaking through traditions, reforms and innovations in China. Based on the free trade zone, Chinese economy can develop more prosperously. 18 free trade zones established in China headed by Shanghai have made excellent achievements in Chinese economic reform. The establishment of the free trade zone has attracted a large number of financial institutions to settle in with its reform and innovation advantages. The embryonic form of financial industry agglomeration has emerged. With the continuous development of the free trade zone, Chinese financial industry agglomeration effect has also appeared. Based on this, this article studies the agglomeration effect of the financial industry in Chinese free trade zone.

Chinese Diplomacy Discourse in the Prism of the Relations with the Sub-Saharan Region

Chinese economic reforms initiated by Deng Xiaoping have given China the necessary push for the development and growth of the domestic economy. The People’s Republic of China (PRC) under Xi Jinping claims, that the originally planned transformation is completed, and China is ready for achieving new goals, such as first peripherical and, later, global dominance, leadership in manufacturing and technology and probably even the moral benchmark. The PRC presents a new model of global order with its active position as the super nation.Chinese current behaviour on the international stage is the direct illustration of the political thought of Xi Jinping. To understand the main principles and the vision of the PRC under Xi, his principles of diplomacy have been analysed.This paper claims, that the rhetoric of Xi Jinping and his administration is a neo-pragmatic approach, which includes nativism, anti-traditionalism and pragmatism within.The article takes as a case study for the implementation of the Chinese foreign policy the Forum on China-Africa Cooperation (FOCAC) member states.Contrarily to the American dominance, China suggests guidance, collaboration with mutual benefits and growth, which involves both sides. “Shift in space” stresses the concrete steps for achieving the “China’s dream” of rejuvenation.

Some thoughts on establishing the theoretical system of socialist political economics with Chinese characteristics

PurposeIt is scholars' great mission in this era to creatively develop new implications, paradigms and discourses of China's political economy and establish a theoretical system of political economy with Chinese characteristics based on the fundamental principles of Marxist theory and the practice and historical process of Chinese economic reform, through theorizing and systemizing the practices of China's socialist market economy construction. The purpose of this paper is to give some suggestions to establish a socialist theoretical system with Chinese characteristics.Design/methodology/approachThis paper makes a comprehensive analysis of the principles, objectives, study objects, methodologies as well as the framework of the theoretical system of the political economy with Chinese characteristics.FindingsAdditionally, starting from the unity of opposites between public ownership of resources and resource allocation in a market mechanism, which is the fundamental dialectical relation of China's socialist market economy, the authors will adopt the dual dialectical analysis approach to discover and understand the duality features of the socialist economic system with Chinese characteristics.Originality/valueWith adherence to the mission of China's socialist economic system, the goal of China's market economic reform, and the perspectives of Marxist political economy, the authors must explicitly define the so-called Chinese characteristics and then summarize the dynamics and innovations during the evolution of Chinese socialist political economy with high theory confidence and theory self-consciousness.

How Institutional Evaluation Bridges Uncertainty and Happiness: A Study of Young Chinese People.

Uncertainty triggers negative psychological responses, while positive institutional evaluations elevate the sense of control in individuals and satisfy their need for structure and order. Data from the 2015 Chinese Social Survey (CSS) (N = 4,605) demonstrated that objective uncertainty negatively predicted the happiness of young people (aged 18–45 years). However, this negative relationship was attenuated among those who evaluated the institutional system (e.g., social security, local government effectiveness, and trust in government) positively; in other words, positive institutional evaluation may have protected people's happiness from the threat of uncertainty. In addition, participants from different age groups evaluated the institutional system differently. The first generation born after the Chinese economic reform, which includes young people born in the 1980s (aged 26–35 years), had unique experiences compared to the preceding (aged 36–45 years, born in the 1970s) and succeeding (aged 18–25 years, born in the 1990s) generations. Among the three age groups, young people born in the 1980s held the least positive evaluation of the institutional system. The institutional evaluation also showed the weakest moderating effect on this group's happiness.

Comparative Analysis of the Economic Structure of the Socialist Market Economy of China and the New Economy Policy

ABSTRACT This article presents an analysis of the Chinese mode of production since the 1978 economic reforms. We try to explain the Chinese economic reforms based on its Marxist-Leninist ideology. Our research takes the form of a comparative analysis of the economic structures of the Soviet NEP (New Economic Policy) and Chinese reforms using a Marxist theoretical framework. Does the Chinese economic model correspond to the same kind of socialism found in the USSR during the NEP period? Our thesis is that the modern Chinese mode of production, since 1990s, follows a logic similar to the Soviet one during the NEP era. In the light of the NEP experience, our research shows that the Chinese development strategy shouldn't be understood as trending towards a neoliberal model. It is rather an original evolution of Marxism, in line with the tradition of Marxism-Leninism, adapted to the cohabitation with a globalized capitalist system. The NEP model is one of the earliest examples of a type of socialism based in part on market relations. In the USSR, as in China, the critical structures of the economy, heavy regulations and a certain level of economic planning are the basis of this socialist market model.

Spatiotemporal effects of urban sprawl on habitat quality in the Pearl River Delta from 1990 to 2018

Since the implementation of the Chinese economic reforms. The habitat quality of coastal has gradually deteriorated with economic development, but the concept of "ecological construction" has slowed the negative trend. For quantitative analysis of the correlation between the Pearl River Delta urban expansion and changes in habitat quality under the influence of the policy, we first analyzed the habitat quality change based on the InVEST model and then measured the impact of construction land expansion on the habitat quality through habitat quality change index (HQCI) and contribution index (CI) indicators. Finally, the correlation between urbanization level and habitat quality was evaluated using geographically weighted regression (GWR) and the Self-organizing feature mapping neural network (SOFM). The results indicated that: (1) during the study period from 2000 to 2020, habitat quality declined due to urban sprawl, indicating a deterioration of ecological structure and function, and the decrease was most significant from 2000 to 2010. (2) The urbanization index had a negative effect on the habitat quality, but the negative effect have improved after 2000, reflecting the positive effect of policies such as "ecological civilization construction" (3) The implementation degree of ecological civilization varies greatly among cities in the study area: Shenzhen, Dongguan, Foshan, and Zhongshan have the best level of green development. These results reflect the positive role of policies in the prevention of damage to habitat quality caused by economic development and provide a reference for the formulation of sustainable urban development policies with spatial differences.

Chinese Economic Reform with Chinese Socialism Characteristics

Chinese Economic Reform with Chinese Socialism Characteristics

Об идейном влиянии компартии Китая на компартию Вьетнама

The article focuses on the peculiarities of Vietnam’s position in the orbit of the ideological and theoretical influence of China. The author examines the most important party documents of both states, reveals their main similarities and differences. The author concludes that Hanoi scrupulously studies, critically assesses, and actively uses the experience of Chinese economic and political reforms. The party and state leadership of Vietnam, when carrying out major transformations of recent decades, was directly guided by the successful experience of their Chinese colleagues. This led to the situation where today’s political systems of Vietnam and China are quite similar, but still are not (and will never be) twin brothers. At the same time, the countries developed a wide network of inter-party contacts which is used not only as an instrument of exchanging views on adapting Marxism-Leninism to current realities, but also as an additional and mutually beneficial channel of communication on a wide range of issues. Despite this, the similarity of the political systems does not necessarily lead to a change in foreign policy. China has an impressive array of tools to influence its southern neighbor, but their ideological closeness is definitely not the most important of them. It is concluded that the role of ideology in Vietnam’s policy, although it remains noticeable, is significantly inferior to the role of national interests and pragmatic views.

The Exploration of the Relationship between General Higher Education and Vocational Higher Education in China Based on Lumann Theory and a Proposed Route to the Transformation of Chinese Higher Education

With the deepening of the supply-side reform of economy in China, Chinese higher education are required to follow the speedy pace with efficient preparation of the pool of professionals ready for the restructuring and upgrade of different industries in Chinese economy. However, it is impossible to fulfill this purpose if the long-time disputed relationship between general higher education and vocational higher education in China cannot be timely straightened out. Based on Lumann theory, with the help of documentary analysis and literature study, this paper aims to explore the relationship of the two types of Chinese education, focusing on the evolution of the relationship from inequality, through equality, to harmonious co-existence with partially or completely integration with each other at different settings in the great context of present Chinese economic reform. Consequently, the chronologically logical exploration can lead to the conclusion that the present reform of Chinese higher education largely relies on how to deal with the relationship of the two types of educations in China, significantly providing a practical route for the present transformation of the majorities of Chinese local colleges and universities from the academy-oriented to the application-oriented.

Chinese and Foreign Supply-side Economics and the Current Chinese Economic Reform

<p>China’s economy has entered a new normalcy, and its economic growth has been slowing down. It urgently needs some effective measures to deal with it. With the central government’s constant mention of “supply-side structural reforms”, the supply-side economics, a economics of economics that flashed past in American history, gets more and more attention again. At the same time, “New Supply-side Economics” and its propositions stepped onto the stage of China’s economic reform. So where does the supply-side economics come from? Is the new supply economics different and connected with it? What impact will it have on China’s economic reforms? This article will make a simple and systematic review of these questions.</p>