China's Economy Research Articles

A “WEST” Theory in the East: Decoupling and synergistic evolution of water utilization, economy, and society in China

AbstractTo attain a thorough examination of the dynamic interaction mechanism between China's utilization of water resources and its economic and social development, this paper innovatively introduces a Western theoretical framework within an Eastern context. The aim is to quantify the process of decoupling and synergistic evolution from 2006 to 2020. Decoupling signifies achieving economic growth while reducing resource use or mitigating environmental impacts, whereas synergy denotes enhancing economic efficiency while contributing to environmental protection. This paper employs the Tapio elastic coefficient method to construct a decoupling model. A collaborative model, based on the entropy weight Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) and weighted average methods, also assesses the organization and coordination of subsystems within the complex water‐economic‐social system. The findings reveal a strong decoupling between China's water resource management and economic and social systems, as indicated by a consistently negative decoupling index. Similarly, the economic system exhibits a degree of inefficiency influenced by factors like economic cyclicality and resource allocation. In contrast, the social system experienced a decline, particularly during the pandemic (2019–2020), leading to a social instability. This study provides valuable policy formulation and sustainable development insights, contributing to a comprehensive understanding of the intricate dynamics between water utilization, economy, and society.

Analysis of the Impact of Population Ageing on China's Economy

Abstracts: This paper is based on the background of population aging in China's society and economy, in order to study how aging affects China's economy and how to cope with its impact. The paper is based on a literature survey and a case study approach to the topic of labor markets, the silver economy, and the consumption of the elderly population. The results of the study show that the labor force receives a larger ripple effect and that an increase in the aging population inevitably leads to a decrease in the labor force. The silver economy is a senior-centered economy driven by aging, and the aging of the population has increased the burden on society and the government. The Chinese government needs to introduce an appropriate security system for the aging population to facilitate the integration of the elderly into society and to guide the changes that need to be made in all sectors to cope with the aging of the population.

The Role of Multinational Enterprises in Promoting China's Economic Development in People-to-people Diplomacy

Abstract: Over the past decade, there has been a growing narrative surrounding China's economic rise, driven by the nation's increasing economic influence, expansion of financial resources, and a surge in foreign direct investments. This has rendered the examination of China's economic trajectory a critical area of study. Multinational corporations, which are integral to the market economy, have been instrumental in fueling the economic expansion of China. Utilizing a combination of literature analysis and case studies, this paper delves into the pivotal contributions of these enterprises in fostering China's economic progress through grassroots diplomatic initiatives. Coca-Cola China exemplifies how multinationals, via deliberate people-to-people diplomacy, have significantly bolstered China's economy while also securing mutual gains. These findings underscore the significance of monitoring the evolving role of multinational firms in the global business landscape, which is increasingly vital for mutual prosperity and the enhancement of worldwide economic growth through equitable and reciprocal partnerships.

Research on the Development Path of Industrial Internet Eco-Platform in the Context of China's Economic Digitization

The continuous innovation and promotion of digital technology represented by big data, cloud computing and artificial intelligence have accelerated the development of a new round of technological revolution. The new round of technological revolution presents intelligent and networked characteristics, digital economy and digital technology to empower China's economic form to digital transformation, giving rise to a number of new business forms, new models, and bringing new opportunities. However, China is still facing problems such as a large digital divide, digital security threats, difficulties in implementing digital taxes, serious non-tariff barriers, difficulties in the digital transformation of enterprises and a lack of digital talents. Therefore, relevant research on the connotation and characteristics of the digitalisation of China's economy should be strengthened to provide theoretical support for China's economic transformation and high-quality development.

Research on Recruitment Management Innovation of Chinese Budget Hotel Chain Enterprises under the Big Data Environment

Abstract: This study delves into the transformative impacts of big data on recruitment management within China's economy hotel chains, emphasizing the urgency and relevance of this research theme in light of the swift digitization witnessed in the hospitality sector. By scrutinizing the current scenario of China's economy hotel industry, the paper underscores the infusion of big data to enhance recruitment processes, thereby addressing prevalent challenges such as inefficiencies and skill mismatches. A thorough analysis reveals that the prevailing recruitment framework within economy hotel chains fails to adequately align with evolving market dynamics and technological progressions. Consequently, innovative strategies leveraging big data analytics and artificial intelligence are proposed to refine recruitment practices, aiming for heightened precision in talent acquisition and process optimization. The research concludes by highlighting the substantial business value and societal ramifications associated with the adoption of big data in recruitment, emphasizing enhancements in operational efficiency, competitive positioning, and contributions to the broader economic landscape of China's hospitality industry.

The Impact of the Digital Economy on China's Economic Development

Abstract: This paper explores the impact of the digital economy on China's economic development. The digital economy, as a new form of the economy following the agricultural and industrial economies, centres on data resources and modern information networks, driving the digital transformation of all factors of production. The Chinese government places great importance on the development of the digital economy, clarifying its direction and key tasks through policy documents such as the "14th Five-Year Plan for Digital Economic Development". This paper analyses the current state of development of the digital economy in e-commerce, digital payments, and big data applications, and discusses its impact on industrial structure, employment, and consumption patterns. The study shows that the digital economy has promoted the upgrading of traditional industries and the growth of emerging industries, while also bringing about changes in employment structure and innovation in consumption methods. However, it also poses challenges to the job market, which need to be addressed through skills training and educational reform.

COVID-19 drives medical education reform to promote "healthy China 2030" action plan.

In June 2019, the Chinese government proposed the Healthy China Action Plan (2019-2030) development strategy, which focuses on disease prevention and health promotion. It is expected that by 2030, the national health literacy level will be significantly improved, premature mortality caused by major chronic diseases will be significantly reduced, the average healthy life expectancy will be greatly improved, and the main health indicators of residents will enter the ranks of high-income countries. Unfortunately, at the end of 2019, COVID-19 began to break out in Wuhan, China, which had a huge impact on China's economy and people's health. A series of problems in China's health care and medical education were exposed in the prevention and treatment of the epidemic. How to reform medical education and build a medical talent training system with Chinese characteristics is the key to achieving China's Health 2030 strategy. This article will explore the direction of medical education reform in China under the background of the "Healthy China 2030" strategy and the post pandemic era.

The Current Situation and Optimization Path of Enterprise Supply Chain Management Construction in the Context of Digitalization

Abstract: The advancement of information technology has resulted in a rapid rise of a new phase of technical and industrial revolution, propelling the global shift from an industrial economy to a digital economy at an accelerated rate. Digital transformation has become an irreversible and pervasive tendency in contemporary society. Despite the significant growth of China's economy, the industrial supply chain is not operating at its highest efficiency. To achieve sustainable cost reduction and efficiency, enterprises need to promote digital transformation and supply chain upgrading. By doing so, enterprises can optimize resource allocation among different links in the supply chain and enhance the quality of their development. This study conducted an investigation of the value benefits, problems, and difficulties of enterprise supply chain digital transformation, using Jingdong as an example. The following article aims to provide a credible reference for organizations by discussing the successful paths and measures of digitizing the supply chain, using Jingdong's experience and activities in supply chain digital transformation as a reference.

A Comparative Study of the Economic Development of China and Japan after World War II

China's economy is currently facing difficulties such as a slowdown in development, an economic structure that is not adapted to the new world economic situation and so on. How to get out of these difficulties has become an important issue. From a historical perspective, this article compares the economic development processes of China and Japan after World War II and analyses the enlightenment that China can draw from Japan's economic development. The study of this article concludes that after World War II, the economic development models of China and Japan were highly similar. Both countries implemented a development strategy that prioritized heavy and chemical industries, introduced economic development policies that emphasized exports and adopted a government-led economic development model. Both are currently encountering similar development difficulties. Based on Japan's economic development experience and lessons, China should focus on real estate bubbles, market mechanism adjustment and improvement, etc. to adapt to the needs of the new economic situation.

Research on the Marketization Development of Traditional Chinese Culture

Traditional culture usually has a long history and deep root, and it represents the spiritual symbols and cultural characteristics of a country or region. As China's economy continues to develop, the status and role of traditional culture in Chinese society has attracted much attention. The marketisation of Chinese traditional culture has also become an important issue in China today. This thesis aims to explore the current situation, real cases and challenges of the development of Chinese traditional culture in the process of marketisation. The challenges of the marketisation of traditional culture are explored through case studies on the development, inheritance and integration of traditional culture with modern business models under the conditions of market economy. It is found that the popularity of traditional cultural products in the market has gradually increased and the chain of cultural industry has become increasingly complete. At the same time, people of different generations have different degrees of acceptance of traditional cultural industries, and inheritance and development are facing dramatic collisions. This study concludes that Chinese traditional culture faces both opportunities and challenges in the process of market-oriented development. Chinese people should grasp the balance between inheritance and innovation, and use the power of the new era to promote the treasures left behind by their forefathers.

The Current Situation of the Housing Market Bubble in Chinas First-tier Cities

Abstract: With the progression of China's economy and urbanization, the real estate industry experienced rapid growth, accompanied by increasing speculative activities, which led to a continuous rise in housing prices and the formation of a bubble. Therefore, the focus of this study was the current state of China's real estate bubble and potential solutions. Given the issue of excessively high real estate prices, this study specifically examined the price trends and factors contributing to the real estate bubble in four Chinese cities: Beijing, Shanghai, Guangzhou, and Shenzhen. The research methodology was as follows: First, data on the price-to-income ratio was collected to analyze the current state of housing prices in China, revealing that housing prices were still far above their actual value and beyond a reasonable range, thereby indicating the severity of the real estate bubble in China. Second, by analyzing data and reviewing the literature, the factors contributing to China's real estate bubble were identified and categorized into two main groups: policy-related and economic. On the policy side, factors included policy reforms, monetary easing, and reductions in both the benchmark interest rate and the reserve requirement ratio. On the economic side, factors included the growth in per capita disposable income and speculative behavior. Finally, this paper analyzed how a property tax could curb speculative activities by increasing the cost of purchasing properties, thereby reducing demand and speculative behavior. The findings revealed that the real estate bubble in China's first-tier cities remained severe, and that a property tax could help curb speculative activities and slow the pace of bubble expansion.

Research and Prediction of China's Air Environment

Abstract: With the rapid development of China's economy, environmental issues, particularly air pollution, have become increasingly severe, posing significant threats to human health and ecosystems. This study employed statistical learning methods to analyze air pollution composition data from thirty major Chinese cities throughout 2019-2022. The study used algorithms like regression, classification, fitting, and filtering to find changes in multi-source heterogeneous data patterns and predict how air pollutant concentrations would change over time and space. At the same time,the results indicate that the primary factors influencing the Air Quality Index (AQI) are fine particulate matter (PM2.5) and inhalable particulate matter (PM10). Additionally, this research is significant for improving public health, advancing environmental protection, fostering economic growth, strengthening laws and regulations, ensuring social stability, and promoting scientific and cultural advancements. Through this research, scientific bases can be provided for formulating policies that reduce disease, enhance government credibility, drive innovation in atmospheric research, and preserve cultural heritage.

Research on Strategies for High-Quality Development of Digital Economy Innovation in the Context of High-Level Opening-Up: A Case Study of Wenzhou, Zhejiang

n the context of high-level opening-up, the digital economy has become a key driver of economic growth and industrial upgrading, emerging as a central issue in China's modern economic development. This study explores the significance of digital economy innovation in this context and addresses the challenges it faces, such as the need for technological advancement, incomplete legal frameworks, and a shortage of relevant talent. Strategies to enhance technological innovation, improve legal systems, and streng1hen the cultivation and attraction of digital economy talent are proposed. The feasibility of these strategies is validated through a case study of Wenzhou, Zhejiang, providing insights for the development of China's digital economy in the new era.

The Export Dilemma of China under the WTO Framework: An Anti-Dumping Study on the Determination of Market Economy Status

As China emerges as a dominant force in the global economy, the issue of non-market economy status has become a key issue, particularly in the face of biased anti-dumping measures enforced by other nations. These measures have seriously affected China's export-oriented economy by creating substantial trade barriers. The essay utilizes a blend of literature review, comparative analysis, and data examination, drawing on historical experience and the legal principles and rules as outlined in the WTO agreements. The results show that although China has achieved certain advancements in pursuing acknowledgment of its market economy status, it still faces significant challenges due to political and economic factors.This essay will discuss anti-dumping measures exert considerable pressure on businesses operating within developing economies, and on this basis, it will provide corresponding thoughts and suggestions for China to secure the market economy status, and for Chinese enterprises not to be hit by it as far as possible.

Design and Site Selection of Reverse Logistics Network for Iron and Steel Enterprises from the Perspective of Green Supply Chain

The iron and steel industry is not only one of the most important components of China's national economy, but also a typical resource-and-energy-intensive industry. Under the background of "Carbon Peaking and Carbon Neutrality Goals", it is of great significance for the iron and steel industry to improve the green closed-loop supply chain and develop circular economy. From the perspective of green supply chain, this paper puts forward the three-level network structure of waste steel reverse logistics based on the present situation of waste steel recycling in China, and uses k-means clustering algorithm and accurate center of gravity method to select locations for the primary and secondary nodes. The purpose of this paper is to provide a basis for iron and steel enterprises to carry out network optimization of reverse logistics.

A LSTM-based time series prediction model for China's power supply and its performance evaluation

With the rapid development of China's economy and the acceleration of urbanisation, the stability and sustainability of power supply has become increasingly important. In order to cope with the continuous growth of power demand, accurate power supply prediction has become an essential research direction. In this paper, a time series prediction model for power supply is constructed based on the long short-term memory network (LSTM). Power supply data is organised using methods such as data pre-processing and correlation analysis, and the LSTM model is used to predict future power supply. The performance of the prediction results was evaluated, and the results showed that the model can effectively capture the changing trends of power supply, with high reliability and accuracy, providing important support for scientific management and policy formulation in the power industry.

The spatial correlation of economic institutional change in China and its impact on economic growth: A social network analysis approach.

Economic institutional change is a vital driving force behind the rapid rise of China's economy. However, the incremental approach to economic institutional change has caused unbalanced transformation and economic growth. To this end, we adopted the entropy method to measure the economic institutional change index, and employed social network analysis to reveal its spatial correlation characteristics. We then applied QAP analysis to empirically demonstrate the impact of China's economic institutional change on regional disparities in economic growth. The findings indicated a gradual increase in the level of economic institutions over time and a spatial gradient between the eastern, central, and western regions. Moreover, the spatial correlation network of China's economic institutional change is stable and gradually improving. Nevertheless, the role of provinces in the process of economic institutional change varies: the eastern coastal provinces play a dominant role, the central and western provinces benefit to a lesser extent, and some provinces in northeastern China play a "bridging" and "intermediary" role. Regional differences in China's economic institutional change have widened the regional disparities in China's economic growth, and the impact of each dimension of economic institutions on regional disparities in economic growth is characterized by phases.

Investigating The Validity of The Marshall-Lerner Principle and J-Curve Theory in Relation to Real Exchange Rates and Trade Imbalances: An Empirical Study of China's Economic Dynamics

According to traditional macroeconomic theory, meeting the Marshall-Lerner condition suggests that currency devaluation could positively impact the long-term trade balance. This implies that despite initial import cost increases, enhanced export competitiveness from a weaker currency eventually leads to trade balance improvements. However, short-term negative effects, known as the J-curve effect, may occur due to trade volume adjustments lagging currency devaluations. This study aims to assess the validity of the Marshall-Lerner condition in China's economy from 1995: Q1 to 2023: Q4 and evaluate the short-term J-curve effect's magnitude. Analyzing economic indicators and exchange rate fluctuations, the research confirms the validity of the Marshall-Lerner condition and supports the existence of the J-curve effect. These findings highlight the importance of nuanced currency policymaking for sustainable economic growth and stability, considering both short-term adjustments and long-term objectives. Key Words: Marshall-Lerner Condition, J Hypothesis, Foreign Trade.

The impact of green finance on carbon productivity: The mediating effects of the quantity and quality of green innovation

While China's economy is developing rapidly, the problem of carbon emissions is indeed more prominent. The development of green finance is conducive to supporting environmental improvement and enhancing carbon productivity. Most of the existing literature examines the relationship between green innovation and carbon productivity from the perspectives of industrial structure, technological innovation, and economic growth. However, the mechanism by which green finance (GF) affects carbon productivity and whether there is heterogeneity remains unclear. Therefore, this study utilizes panel data from 277 cities from 2010 to 2020 and employs a mediation effect model to investigate the relationship between GF and carbon productivity. The results of the study found that GF has a positive U-shaped association with carbon productivity. The quantity and the quality of green innovation have a mediating effect on the above relationship. It may be due to the fact that GF promotes the green transformation and sustainable development of the economic structure by supporting green industry and technological innovation, which provides strong support to enhance carbon productivity. In non-resource cities, the impact of GF on carbon productivity is more obvious through improving the quality of green innovation, probably because non-resource cities have the advantages of a diversified industrial structure, stronger innovation capacity, and easier access to policy support and market mechanism support than resource cities. The quantity and the quality of green innovation in the eastern, central, and western regions all play a mediating role. The findings provide policymakers with recommendations for utilizing GF in a two-carbon environment to achieve sustainable low-carbon development.

The effects of extreme temperatures on carbon total factor productivity: Evidence from China

Climate change poses a severe threat to the low-carbon and high-quality development of Chinese cities. This paper uses panel data from 2007 to 2019 for Chinese cities, which covers the transition of China's economy from high-speed growth to high-quality development. Then, this paper investigates the causal effects and mechanisms of extreme temperatures on carbon total factor productivity (CTFP). There are four main findings. First, CTFP calculated by biennial non-radial Luenberger productivity index grows by 3%, which comes from technological advances rather than efficiency gains. Second, both extremely high and low temperatures significantly reduce CTFP, and this negative effect is persistent, especially in poor and southern cities. Third, this negative effect comes from the decline in efficiency change rather than technology change and can also be explained by a decline in the productivity and efficiency of the desired output. Fourth, the forecasted outcomes for the future scenarios under the Shared Socioeconomic Pathways 1 (SSP1) and 5 (SSP5) indicate a persistent escalation in the adverse effects of extreme high temperatures. The research provides a new perspective for China to cope with climate change on low-carbon development and provides a reference for other developing countries.