China's Economy Research Articles

Research Review on the Mixed Reform System of State-owned Enterprises in China

The state-owned economy is the pillar economy of China. If the nationalized enterprises and non-nationalized enterprises develop at the same time, they can further improve the shortage of China's economic system and improve the production efficiency. As an excellent policy, the mixed reform system makes full use of the advantages of China's social and market background, scientifically and effectively solves the disadvantages of China's economic system, improves China's market status, strengthens the national supervision over the work of government departments, and promotes the healthy and long-term sustainable development of China's economy. This paper aims to summarize the significance of the mixed reform in China. The mixed reform of state-owned enterprises will help state-owned capital and private capital to become stronger, better and bigger, improve the competitiveness of enterprises and build world-class enterprises. Mixed reform of state-owned enterprises is conducive to the organic combination of public ownership and market economy. The mixed reform of state-owned enterprises is conducive to stimulating the vitality of micro subjects.

Financial Analysis of Tal Education group Based on Harvard Analytical Framework

With the rapid development of China's economy and the continuous improvement of residents' living standards, people pay more and more attention to youth education. Among them, educational institutions represented by New Oriental and TAL have become well-known enterprises in the field of education and training in China. The huge market potential and rich market profits have attracted the participation of many educational institutions, which also makes the rapid development of China's education and training market in a short period of time, and intensifies the pressure of market competition for independent enterprises. In this paper, Tal Education Group as the research object, first of all, the business situation of Tal Education Group is analyzed, and then based on the Harvard analysis framework from the strategic analysis, accounting analysis, financial analysis, prospect analysis and other aspects of the application of TAL Education Group is analyzed. Finally, this paper expounds the problems of TAL Education Group financial management mainly including insufficient investment in the field of online education, insufficient accounting policy and accounting estimate, unreasonable accurate capital structure and cash flow management, poor brand building and marketing effect, and puts forward some optimization suggestions for TAL Education Group financial management from four aspects: strategic suggestions, accounting suggestions, financial suggestions and prospect suggestions.

Analysis of Problems Faced by China's Economic Development

Analysis of Problems Faced by China's Economic Development

Analysis of Japan's Real Estate Regulatory Policies and Their Effects

The development of real estate is closely related to China's national economy, and in recent years, China's real estate industry has experienced rapid development and change. With the continuous expansion of the industry's development scale and the increasingly complex market environment, the real estate industry is also facing a series of challenges and problems. Japan also faced the bursting of its real estate bubble in the 1990s. Reviewing the history of the bursting of the real estate bubble in Japan in the 1990s has important research and mirror value for us to clarify the formation and bursting of real estate risks and how to implement appropriate policies. This study analyzes the negative and positive impacts of policies implemented before the bursting of the real estate bubble, and the policies introduced by the Japanese government to address the bursting of the real estate bubble. Based on the results of the analysis of Japan real estate, suggestions are made on the idea of regulating China's real estate industry, the means of regulation and the rhythm of regulation.

The Impact of Dish Innovation on China's Intangible Cultural Heritage Economy

In recent years, the food industry has proven to be a crucial driver of economic development. However, it has been greatly affected by the impact of the epidemic. Nevertheless, with the rising vaccination rates and the implementation of effective prevention and control measures, it is gradually picking up momentum and presenting a new opportunity for a food craze. The prolonged lockdowns have led to a surge in consumer demand for food, creating unprecedented levels of desire. As a result, food and beverage companies are actively engaging in innovation and adjusting their strategies to meet market demands. The government has also played a role in supporting the industry's recovery by introducing various measures, such as rent reductions, tax cuts, fee reductions, and loan support. Additionally, technology has made a significant contribution to the recovery process. The implementation of intelligent ordering systems, mobile payments, and fresh food delivery has not only made the food industry more convenient but also enhanced its operational efficiency and customer experience. The combination of government efforts and the application of technology is assisting the food industry in recovering and growing.

Energy consumption and environmental economy: The development and impact of fossil energy and new energy in China

With the rapid development of China's economy and the continuous increase in energy consumption, the usage of fossil energy and new energy resources and their impact on the environment and economy have attracted increasing attention. Through literature review and data analysis, combined with relevant research, this paper systematically collates and analyzes the latest statistics on China's energy consumption. It also explores the effects of this consumption on both the environment and the economy. This study will cover the production, consumption and environmental influence of various energy sources, with the aim of providing a scientific foundation for sustainable energy policy. Through extensive studies on the advancement of various energy resources, they can serve as a scientific foundation for the formation of future energy policy and the promotion of sustainable development. The study reveals that while fossil fuels continue to be the primary source of energy, the consumption of alternative energy sources is experiencing a significant and quick increase.

Problems and Strategies of Financial Services Supporting the Real Economy

With the rapid development of China's economy, the status and role of the financial industry in the national economy have become increasingly prominent. The healthy development of the financial industry is of great significance for promoting the development of the real economy, adjusting the economic structure, and upgrading the economy. However, there are still some problems with financial services supporting the real economy in China, such as the misallocation of financial resources, high financing costs, and rising financial risks. These issues limit the support financial services can provide to the real economy. This paper analyzes the main problems currently existing in financial services supporting the real economy and proposes countermeasures from optimizing the allocation of financial resources, reducing financing costs for the real economy, preventing and resolving financial risks, and deepening the structural reform of the financial supply side. The aim is to provide references for relevant personnel.

A Prospective Study on the Economic Effects of China-GCC FTA - Simulation and Analyses Based on GTAP Model

In the context of the "Belt and Road" initiative, this paper is based on the China-GCC FTA negotiations, and uses the Global Trade Analysis Model (GTAP) to construct six scenarios of tariff reduction in key sectors and reduction of technical barriers to trade (TBT) between China and the GCC countries, and to assess the impacts of the construction of the FTA on the economies of China and related countries. The paper shows that increased trade liberalization has a positive economic impact on the China-GCC FTA. At the same time, tariff changes in the manufacturing and oil and gas industries dominated the tariff reductions, but the reduction of technical barriers to trade (TBT) has a particularly significant impact compared to tariffs. Bilateral trade will contribute more remarkably to China's continued economic growth than in the GCC countries. Reductions in trade barriers will effectively boost production demand in Chinese and GCC countries, contributing imports, exports and output, which will benefit both economies, specially, China's trade surpluses increasing particularly in various sectors.

Chinese Digital Economy: Current Situations, Problems, and Recommendations

The rapid development of the digital economy is transforming global business models and social interactions. By 2025, global e-commerce transactions are anticipated to reach $6.86 trillion, underlining the importance of the digital economy as a major force for economic expansion. China's digital economy, having reached RMB 50.2 trillion in 2023 and comprising 41.5% of its GDP, is notably advancing, catalyzing the transformation of traditional industries and fostering new business models. Significant investments in digital infrastructure such as 5G, big data centers, AI, and the industrial internet underscore China's commitment to technological innovation. Despite these advancements, challenges remain, including talent shortages, data security, and privacy concerns, as well as the digital divide. Addressing these issues involves enhancing digital talent training and introduction, improving data security regulations, and promoting coordinated regional development. This study is of great practical value in guiding policy formulation, optimizing resource allocation, and promoting the inclusive application of digital technologies, which will help promote the healthy and rapid development of China's digital economy, ensure that all levels of society can benefit from the advancement of the digital economy, and achieve comprehensive economic and social transformation and upgrading.

Data-Driven Market Segmentation: K-means Clustering and STP Analysis in Mainland China's Sportswear Industry

Post-Covid-19, mainland China's economy is gradually recovering, leading to increased sportswear sales. This study integrates STP theory (segmentation, targeting, positioning) with the K-means clustering algorithm to analyze the sportswear market in mainland China. Consumer data was collected via a questionnaire survey, pre-processed, and cleaned before applying K-means clustering to segment consumers into four distinct groups. The analysis reveals significant differences in purchasing habits across these segments. This data-driven approach offers sportswear companies insights for targeted marketing strategies, enhancing the precision and effectiveness of their marketing efforts in mainland China.

Research on Management and Sustainable Development Strategy of Food Enterprises under ESG Concepts

In the field of economic and social development, people often mention and pay attention to the development of enterprises. However, in the past, people's attention was often focused on the sustainable development of enterprises based on the evaluation of enterprise financial indicators. As an important part of China's economy, enterprises shoulder the heavy responsibility of taking the road of sustainable development, and the implementation of sustainable development strategy is an inevitable choice faced by enterprises in China. ESG (Environmental, Social and Governance) concept is a key factor for the sustainable development of enterprises, and it is also an investment decision-making concept recognized by the international community.

Wanghong e-commerce in/as China’s economic transformation: A case study of beauty wanghong

This article examines the crucial encounter between wanghong and e-commerce in the specific process of China’s platformization. We develop a threefold (macro-meso-micro) approach that combines perspectives from political economy, critical industry studies, and ethnographic research to identify and unpack the heterogeneous actors and actions in the evolution of wanghong e-commerce, using beauty wanghong as a case study. Drawing upon document studies (146 documents between 2001 and 2022) and 21 semi-structured interviews (supplemented by ethnographic field observations over seven months in 2018), we argue that: first, the contrast between strong consumer demand (activated by beauty wanghong) and poorly developed retail and distribution channels in the Chinese beauty industry provides a precondition for the emergence of beauty wanghong e-commerce; second, e-commerce platform Alibaba has boosted and institutionalized the convergence of wanghong and e-commerce, developing a new “social commerce model” that integrates social networking with entertainment in the context of e-commerce transactions; finally, China’s ongoing economic transformation has created possibilities and challenges for wanghong e-commerce and energized this new “social commerce” business model. The articulation of the wanghong and e-commerce is a result—and also a stage—of the integration of the manufacturing industry and platform economy in China. It is a consequence, yet an embodiment of China’s economic transformation.

Savior or saboteur? A nationwide study on digital economy and depression in China

The regional boom in digital economy has provided people with remote conversations and socialization while reducing the risk of depression. This study aims to elucidate whether regional digital economy can be a savior for individual depression. The multi-source dataset collects 11,845 individuals from the China Health and Retirement Longitudinal Study 2018 (CHARLS), with the combination of corresponding regional data from China City Statistical Yearbooks. A series of regressions with integrated mediation and moderation analyses are employed to bridge the link between the digital economy and depression. The results suggest that people living in areas with a higher level of digital economy are less likely to suffer from depression. The development of the digital economy helps people find solace or air grievances more easily, thereby reducing the risk of depression. Individual information and communications technology (ICT) engagement is found to mediate the relationship between the regional digital economy and individual depression. Residence type moderates the association between the three casual pairs of digital economy, ICT engagement, and depression. Improved digitization stimulates personal engagement with ICTs, which in turn expands social connections and support. Strengthened social interactions naturally keep depression away. Moreover, the urban-rural differences further confirm the underlying mechanism. Properly embracing the new digital world can therefore benefit from the transformative potential and mitigate depressive outcomes.

Coordinated measurement of marine economy: High-quality and low-carbon development in China

The marine economy needs high-quality development, as severe greenhouse effect has become a global concern and carbon emission reduction has been an essential target of marine economy growth. However, a lack of synergistic research in the field of marine economy development and carbon emissions has hindered progress. This study explores the critical interactive relationship between the high-quality and low-carbon development in China's marine economy, aiming to foster green development in coastal urban agglomerations and enhance ecological security alongside economic growth. Despite the importance, comprehensive analysis across multiple dimensions of high-quality and low-carbon development of marine economy remains scarce. This paper establishes a systematic and scientific evaluation index system, utilizing text analysis technology and the Panel Vector Autoregression Model (PVAR) to quantitatively assess the complex system relationship between these dimensions. The results including: (1) The development of a 23 nodes tree structure through a bottom-up, multi-level coding method, effectively addressing the complexity of the current evaluation system for high-quality development of the marine economy. (2) Moran's I of subsystems are all negative, presenting an obvious high-low agglomeration characteristics. The discovery that intra-group differences exceed inter-group ones in marine economic development, indicates that the need for synergistic development among the provinces within marine economic circles. (3) The identification of significant bidirectional interactions between open and shared high-quality development and low-carbon development, with a notable lag effect in responses. The predominant role of innovation in all subsystems underscores the centrality of the marine innovation environment and factors as key drivers in the synergy of high-quality and low-carbon development in the marine economy.

Spatiotemporal Coupling Relationship between Higher Education and Economic Development in China: Based on Interprovincial Panel Data from 2012 to 2023

This study explored the relationship between education and the economy in China, focusing on 31 provinces, municipalities, and autonomous regions from 2012 to 2023. It developed an appropriate evaluation model to assess the coupling and collaborative development of the ‘higher education and economy’ composite system. The study quantified both the quantity and quality of higher education modernization in China using the entropy-weight method and a comprehensive development- level evaluation model. The coupling-coordination degree model was applied to empirically analyze the internal logic, operating mechanisms, and coupling-coordination degree between the supply of higher education and the demand for high-quality regional economic development within the context of the new development pattern. Additionally, the obstacle degree model was introduced to identify factors hindering the coupling and coordination of higher education and regional economic development across 31 provinces and municipalities. The findings revealed that (1) the modernization levels of higher education exhibited fluctuating yet overall upward trends, with the eastern region leading. Economic development followed a similar upward trajectory, with the eastern region outperforming other areas. (2) The coupling coordination between higher education and economic development followed a ‘rising-falling-rising’ pattern. (3) The higher education system emerged as the primary obstacle to coupling coordination, with specific challenges varying across different regions.

Non-Tectonic Geohazards of Guangdong Province, China, Monitored Using Sentinel-1A/B from 2015 to 2022.

Guangdong Province, home to 21 cities and a permanent population of 127.06 million people, boasts the largest provincial economy in China, contributing 11.76% to the national GDP in 2023. However, it is prone to geological hazards due to its geological conditions, extreme weather, and extensive human activities. Geohazards not only endanger lives but also hinder regional economic development. Monitoring surface deformation regularly can promptly detect geological hazards and allow for effective mitigation strategies. Traditional ground subsidence monitoring methods are insufficient for comprehensive surveys and rapid monitoring of geological hazards in the whole province. Interferometric Synthetic Aperture Radar (InSAR) technology using satellite images can achieve wide-area geohazard monitoring. However, current geological hazard monitoring in Guangdong Province based on InSAR technology lacks regional analysis and statistics of surface deformation across the entire province. Furthermore, such monitoring fails to analyze the spatial-temporal characteristics of surface deformation and disaster evolution mechanisms by considering the local geological features. To address these issues, current work utilizes Sentinel-1A/B satellite data covering Guangdong Province from 2015 to 2022 to obtain the wide-area surface deformation in the whole province using the multi-temporal (MT) InSAR technology. Based on the deformation results, a wide-area deformation region automatic identification method is used to identify the surface deformation regions and count the deformation area in each city of Guangdong Province. By analyzing the results, we obtained the following findings: (1) Using the automatic identification algorithm we identified 2394 deformation regions. (2) Surface subsidence is concentrated in the delta regions and reclamation areas; over a 4 cm/year subsidence rate is observed in the hilly regions of northern Guangdong, particularly in mining areas. (3) Surface deformation is closely related to geological structures and human activities. (4) Sentinel-1 satellite C-band imagery is highly effective for wide-area geological hazard monitoring, but has limitations in monitoring small-area geological hazards. In the future, combining the high-spatial-temporal-resolution L-band imagery from the NISAR satellite with Sentinel-1 imagery will allow for comprehensive monitoring and early warning of geological hazards, achieving multiple geometric and platform perspectives for geological hazard monitoring and management in Guangdong Province. The findings of this study have significant reference value for the monitoring and management of geological disasters in Guangdong Province.

Forecasting the output of high-tech industry in China: A novel nonlinear grey time-delay multivariable model with variable lag parameters

Under the rapidly developing economy in China, accurate forecasting holds vital significance for policymaking and operational planning within the high-tech industry. However, the influencing factors affecting the output, accompanied by the time-delay effect, could be nonlinear, and uncertain. Thereby, this paper proposes a new nonlinear grey multivariable model with time-varying lag parameters. To be specific, the newly designed time delay function and power exponent are introduced, which can significantly enhance the adaptability and flexibility of the proposed method. The Grey Wolf Optimization algorithm is utilized to calculate the dynamic time lag parameters and power exponent to improve the prediction reliability. Furthermore, this new approach is applied to predict the high-tech industry’s output in China, Shanghai Municipality, and the Eastern Region, with due consideration given to the time-delay effect between input factors and outputs. To assess its efficacy, some leading models are selected for comparison to the proposed model. Furthermore, the utilization of Monte-Carlo simulation, the Probability Density Analysis, and the simulations are used to demonstrate the robustness and stability of this new method. The findings show that the proposed model is a feasible and applicable approach for prediction, exhibiting outstanding accuracy.

Analysis of the Path to Promote the Integrated Development of the Digital Economy and The Real Economy in the New Era

With the continuous development of economy and society, China's digital economy, as a separate concept, has become a driving force to promote the development of the real economy. Promoting the integration of the digital economy and the real economy is not only the main trend of realizing the scientific and technological revolution and industrial transformation, but also a necessary way to ensure the effective development of China's overall economy. This paper will explain the path analysis of promoting the integration and development of the digital economy and the real economy in the new era, expound the positive significance of the integration of the two, and put forward the relevant paths of the integration of the two.

Study on the treatment of black and odorous water bodies by aeration combined with sulfur-iron autotrophic denitrification MBBR

ABSTRACT As China's economy grows rapidly, there is a growing problem of rural water pollution, particularly regarding black and odorous water bodies. However, the current treatment technologies have proven inadequate in both nitrogen and phosphorus removal, primarily due to the insufficient carbon-to-nitrogen ratio in these black and odorous water bodies, resulting in low nitrogen removal efficiency. To address this challenge, the study proposes a novel treatment process, namely ‘aeration + sulfur-iron autotrophic denitrification MBBR’. This innovative approach was compared with the traditional ‘aeration + MBBR’ treatment process and blank control group over an 18-day experimental period. Ten water quality indicators were monitored and compared, including odor, turbidity, DO, pH, COD, BOD5, NH3-N, NO3-N, TN, and TP. The results revealed satisfactory performance of both treatment processes in terms of odor, turbidity, DO, COD, BOD5, and NH3-N indicators. However, significant disparities were observed in denitrification and phosphorus removal, with the new process achieving removal rates of 85.65 and 78.02%, respectively, compared to −2.30 and −4.05% for the existing process. Furthermore, the new process met the surface water class IV quality standard for all 10 monitored indicators, indicating its potential for effectively addressing the issue of black and odorous water in rural China.

Multimedia Innovation and Integration of Folk Art Elements in Interior Design

In the long history, China has accumulated a large number of excellent traditional cultures, especially folk-art elements, which are very rich in content and are good design materials and inspiration sources. With the development of China's economy and society, people's requirements for interior decoration have become higher, so multimedia graphic design to meet users' personalized needs is a typical implicit optimization problem. Therefore, this paper combines folk art elements with modern digital processing technology and interior design of image processing, and at the same time, the improved interactive genetic algorithm introduces users' subjective evaluation into the design process, allowing users to participate in the design work. Experiments show that the algorithm can effectively meet the personalized needs of customers in the process of graphic design. It has played a positive role in the integration of national art and modern interior design and the embodiment of national characteristics in modern multimedia design.