Economic Development In China Research Articles

The impact of China’s total carbon emission control policy on low carbon total factor productivity

ABSTRACT The evaluation of the policy effect of total carbon emission control policy (TCP) is crucial to achieve high-quality economic development in China. This paper measures the low-carbon total factor productivity (LCTFP) of 282 Chinese cities from 2010 to 2021, and examines the impact of TCP on LCTFP through differences-in-differences (DID) method. The results show that TCP can effectively improve LCTFP in policy implementation areas. TCP has a stronger LCTFP promotion effect on eastern cities, resource-based cities and higher-level cities. Technological progress effect and industrial structure effect are important channels for TCP to improve LCTFP. TCP has a negative spatial spillover effect on LCTFP. This paper provides valuable references to promote the implementation of TCP in China.

Research on coupling coordination between construction industry innovation and region economic development in China.

In numerous developing nations, challenges such as insufficient investment in innovation and limited capabilities for conversion impede the growth of the construction sector, thus affecting the overall economic well-being of these regions. This paper focuses on construction industry innovation (CII) and its correlation with region economic development (RED), providing valuable insights to overcome these challenges and promote sustainable economic advancement. This study references existing literature to devise an evaluation indicator system dedicated for CII and RED. It then proceeds with an empirical analysis of the integration and synergy between CII and the economic development across 31 Chinese provinces from 2012 to 2021. Furthermore, this paper employs ArcGIS and Geoda software to meticulously dissect the spatial distribution characteristics underlying this coordination. The main conclusions are succinctly summarized as follows: CII in China is intricately connected to RED, exhibiting a strong connection that diminishes from south to north. Nonetheless, the coordination level between these factors remains relatively low, with notable regional disparities, particularly from southeast to northwest. The primary obstacles to effective coordination are related to innovation input, output, and economic scale. Additionally, spatial correlation analysis demonstrates pronounced regional clustering, showing stability despite slight fluctuations over the study period. This research underscores the concept of coupling coordination between CII and RED, underpinned by scientific analytical methods. The outcomes provide a definitive guide for advancing the transformation and enhancement of the construction industry while promoting RED.

The impact of two-way FDI on the upgrading of China’s industrial structure: Based on the research in Chongqing

The improvement in the economic environment and the implementation of the “bring in and go global” strategy have had an impact on China's economic development and the optimization of its economic structure. The decline of Chongqing's traditional pillar industries has made the promotion of economic structure upgrading a key to economic development. The purpose of this paper is to study the role of two-way foreign direct investment (FDI) in industrial structure upgrading. This paper is designed to study the effect of outward foreign direct investment (OFDI) and inward foreign direct investment (IFDI) on the industrial structure upgrading from both theoretical and empirical perspectives. This study selects data from Chongqing from 1987 to 2022 and uses Stata 17.0 software for empirical analysis, based on Chenery’s “standard structure” industrial change model. The research findings show that OFDI and IFDI have a significant positive impact on the intensification and servicification of Chongqing's industrial structure and are significant at the 0.01 level. OFDI and IFDI have a significant positive impact on the rationalization of Chongqing's industrial structure and are significant at the 0.05 level. This means that two-way FDI has a positive effect on the optimization of industrial structure. The practical implication of this study is that it provides a realistic basis for Chongqing to fully leverage the advantages of international direct investment and promote the optimization and upgrading of the industrial structure, which also has enlightening significance for China’s economic structure reform.

Spatial-temporal coupling and interactive effects of digital finance and green technology innovation: empirical evidence from China

Digital finance (DF) and green technology innovation (GTI) are vital components of China's high-quality economic development. Therefore, exploring the coupling coordination relationship between these two systems holds significant importance for China's economic development. Utilizing panel data spanning from 2011 to 2020 across 30 Chinese provinces, this study utilizes the coupling coordination model to assess the coupling coordination degree (CCD) between these two systems, and employs spatial autocorrelation analysis and the panel vector autoregression (PVAR) model for a more in-depth quantitative analysis of their coupling coordination relationship. The findings indicate that: (1) The comprehensive level of digital finance and green technology innovation in our country shows a year-on-year increasing trend, and the level of digital finance is higher than that of green technology innovation. (2) The coupling coordination degree between these two systems is generally on the rise but hasn't reached a high level. Furthermore, notable developmental variations exist among different regions. (3) There is a positive spatial correlation in the coupling coordination degree between these two systems. (4) While these two systems can mutually promote each other, the positive impact of digital finance on green technology innovation is greater than the positive impact of green technology innovation on digital finance. Therefore, this study will provide valuable references for the balanced development of these two systems, as well as the formulation of regional development strategies.

How does the development of digital economy in central cities promote the coordinated development of regions? Evidence from 19 urban agglomerations in China

Externality is the power source of the spillover effect of digital economy development in China's central cities. Based on panel data of 200 prefecture-level cities in 19 urban agglomerations in China from 2011 to 2020, this research constructs a theoretical model with income output, labor, and capital input and adopts the panel fixed effect model to empirically test the impact of central cities' digital economy development on peripheral cities' urban agglomerations. The results are as follows. First, digital economy development in central cities significantly improves the level of such development in peripheral cities. Second, the spillover effect of this development in central cities is affected by their own geographical location, economic development level, and city size. Third, the spillover effect of digital economy development in central cities mainly arises through the learning mechanism.

From ‘wanghong’ to ‘wanghong thinking’: New research agenda and critical reflection

This essay critically reviews the existing research on wanghong studies in China. It advocates that wanghong studies should go beyond its dominant disciplines in ‘platform studies’ and ‘(digital) labour studies’ to embrace ‘celebrity studies’ and ‘China studies’. It proposes the innovative concept of ‘wanghong thinking’, which refers to the mindset that guides the experiments of the Chinese Communist Party in incorporating the popular wanghong culture, logic and economic model to achieve various social, political and economic objectives. Finally, the essay offers critical reflection on the ‘online-traffic-enabled’ social governance and economic development in China’s wanghong era.

Bilingual Teaching Practice and Research on Principles of Automatic Control Course

With the accelerating process of economic globalization, China’s requirements for various types of talent are also increasing. There is a demand for engineering talents to have bilingual abilities. Implementing bilingual teaching for engineering students has become a major point of teaching reform in universities and a major measure to cultivate bilingual talents in engineering. This article will focus on the course Principles of Automatic Control, explain the significance of bilingual teaching, analyze the current difficulties faced by bilingual teaching in this course and propose corresponding countermeasures. The aim is to explore relevant teaching strategies, construct high-quality bilingual teaching classrooms for this course, cultivate high-quality bilingual scientific and technological talents for the country and promote rapid economic development in China.

Direct Investment of Foreign Capital in China and its Future Development

Since the reform and opening up, foreign direct investment in China has developed rapidly. In the past decade, more and more regions in China have been implementing policies to introduce foreign investment. Foreign investment in China is mainly in the form of direct investment, which has had multiple impacts on China's economic development. It can be said that it is a double-edged sword, bringing both opportunities and huge challenges to China. We should adopt the correct way to utilize FDI and maximize its positive role. This article provides a simple and concise analysis of the basic situation of foreign investment research in China.

Sustainable growth unveiled: exploring the nexus of green finance and high-quality economic development in China

Sustainable growth unveiled: exploring the nexus of green finance and high-quality economic development in China

How does the technological finance cooperation pilot policy affect prefecture-level cities’ high quality economic development in China?

This study explores whether and how the technological finance cooperation pilot (TFCP) policy affects high quality economic development (HQED) in China using panel data from 273 prefecture-level cities covering 2007–2021 and a multiperiod spatial difference-in-differences model. The TFCP is demonstrated to exert positive direct and indirect effects on HQED, indicating that such a policy promotes both pilot and non-pilot cities’ HQED. Besides, our addition tests reveal that: a) the TFCP's direct (indirect) effect gradually rises (fluctuates); b) the TFCP has heterogeneity effects in different regions; c) the TFCP affects HQED through scientific and technological innovation and industrial structure upgrading.

Research on the Effects of Environmental Policies on Enterprise Transformation and Green Taxation: A Case Study of Local Governments in 31 Provinces of China

China's economic development is at a unique stage of new-type transformation, with increasing demands for the quality of economic development. Environmental fiscal and tax policies are widely recognized as crucial tools for promoting enterprise transformation and green taxation. The 20th National Congress of the Communist Party of China proposed to "improve the fiscal, financial, investment, price policies, and standards that support green development." Fiscal policy is the foundation and important pillar of national governance, and the fiscal and tax system is a critical support and basic means to promote green and low-carbon development. This paper analyzes cross-sectional data from 31 provinces, autonomous regions, and municipalities in China for the year 2022. By constructing and testing an OLS regression model, the study uses the environmental tax as a representative of the tax regulation for green development of enterprises, analyzing its influencing factors and effects. The paper provides relevant suggestions for enterprise green transformation and tax avoidance based on literature review and model results.

Has the national ocean economic pilot project promoted blue economy development in China?

This paper estimates the impact of the national ocean economic pilot project on the blue economy (BE) development using panel data for 11 coastal regions in mainland China from 2005 to 2017. The study shows that the BE is composed of three levels: traditional advantageous industrial construction, emerging industrial development, and ecological protection, where they can merge an index system using the analytic hierarchy process-improved entropy weight method. Besides, this paper adopts heterogeneous timing difference-in-differences to find that the policy increased the BE in the pilot areas by an average of 0.025. This effect passed various robustness checks including the parallel trend hypothesis and placebo test. In addition, the policy can also mediate the BE by skill and capacity aggregation, optimization of transportation networks, and incentives for innovation, and their contributions were 21.5%,10.6%, and 10.6%. Moreover, this paper finds that the current BE work shows a preference for the economy over the ecosystem. For economic growth, pilots prefer traditional rather than emerging industries. In summary, this study recommends that multi-level governments should use a project-based management model for the BE, increase international cooperation and knowledge transfer to promote the integration of the knowledge economy and the BE and facilitate administrative reform to clarify the ecological responsibilities of marine management agencies.

Spatial-Temporal Coupling Coordination Relationship between Urban Green Infrastructure Construction and Economic Development in China

Urban green infrastructure construction and economic growth are necessary ways and important supports to promote sustainable development. Exploring their coupling coordination relationship is important for achieving high-quality economic development. This study uses the entropy method, coupling coordination degree, kernel density estimation, the Dagum Gini coefficient, and spatial autocorrelation to explore the spatial-temporal pattern characteristics and coupling coordination relationship between green infrastructure construction and economic development for 273 cities in Chinese mainland in 2010–2020. The results show that the level of China’s green infrastructure construction and economic development gradually increased during 2010–2020. There were significant regional differences in space, exhibiting a decreasing spatial pattern from east to west. The coupling coordination degree was constantly improving. The overall Gini coefficient shows an upward trend. Among the four regions, eastern China has the greatest intraregional variation. The uneven level of coupled coordination is mainly from interregional variation. There was a significant positive spatial autocorrelation relationship, and cities that had a higher degree of coupling coordination tended to agglomeration development. Meanwhile, it also had certain spatial heterogeneity. China’s entire level of coupling coordination degree still has much room for improvement. The study is of great significance in reducing disparities between regions and strengthening regional spatial coordination development.

The impact of urbanisation on green total factor productivity: Exploring threshold and mediating effects of human capital.

Green development is main direction of high-quality economic development in China. Urbanisation and human capital (HC) are important factors affecting green development. This study examines effects of urbanisation and HC on green total factor productivity (GTFP) using least squares dummy variable model, based on provincial data in China from 2001 to 2019. This study then explored impact of urbanisation on GTFP through HC (educated HC, healthy HC, and HC structure), adopting mediating effect and threshold effect model. The results showed that urbanisation and three types of HC promote GTFP in China and coastal region. In inland region, urbanisation has insignificant impact on GTFP, while educated HC and HC structure improve it. The mediating analysis revealed that educated and healthy HC in China and coastal region enhance promotion effect of urbanisation on GTFP, whereas HC structure hinders it. In inland region, only healthy HC stimulates promotion effect of urbanisation on GTFP. Considering threshold effect of educated and healthy HC, promotion effect of urbanisation on GTFP is weaker than threshold value; but effect is stronger above threshold value. The promotion effect of urbanisation on GTFP is stronger when value of HC structure is below the threshold, while effect is weakened as value exceeds threshold value. Policy implications are documented to promote urbanisation in a differentiated manner, increase investment in HC, and strengthen coordination between urbanisation and HC.

Sustainable Economic Development in China: Balancing Growth and Environmental Concerns

Purpose: Over the last three decades, China’s economy has grown remarkably, ranking second in the world among all countries. China’s market-oriented policies, which give priority to economic development, are credited with the country’s economic boom. China’s remarkable economic growth in recent years has had a significant effect on the environmental balance of the nation. Presently, Chinese authorities must address environmental issues without impeding the nation’s progress. Even though China’s economy has expanded quickly since reforms and the opening up, the country’s environmental degradation issue has gotten more serious.Examine China’s current strategies for economic development and their effects on environmental sustainability and economic growth.The dynamic connects between the highlighted factors (renewable consumption of energy, economic expansion, oil rent, and resources of all kinds) and the increase in greenhouse gas emissions—a proxy for environmental sustainability—is examined in this article using China as an example.The findings of an empirical study using every year data from 2018 to 2022 and the auto-regressive distribution lag limits technique point to the existence of a long-run equilibrium link between each of the variables highlighted and greenhouse gas emissions. Specifically, since they have a negative impact on greenhouse gas emissions, the usage of renewable energy sources and petroleum rents contribute to ecological sustainability.In conclusion, China’s commitment to sustainability may benefit from some of the remedies this paper’s results suggest. This study demonstrates the useful use of New Structure Economy in a crucial industrial area in China, adding to the body of knowledge on sustainability in the environment and economic development.

The Impact of Technical Trade Barriers on China's Economic Development

The Impact of Technical Trade Barriers on China's Economic Development

Investment and financing maturity mismatch: Moderating role of financialization in regulatory context for A-share listed Chinese companies

As the financialization issue is getting more and more attention, the behavioral motives and effects behind this appearance should not be ignored, and it is of great practical significance for the high-quality development of China's real economy to explore the impact and mechanism of the financialization trend on the investment and financing maturity mismatch of China's real enterprises. Using sample data of Chinese A-share listed companies from 2013 to 2020, this article empirically examines the impact of financialization on the investment and financing maturity structure from a new perspective of asset classification by using a fixed-effect model, and explores the mechanism of the financial regulatory environment's moderating effect on the relationship between the two mentioned above. The study shows that: there is an inverted U-shaped nonlinear relationship between the financialization of investment income and fixed income and “ maturity mismatch ”. The term mismatch of investment and financing increases with the degree of financialization, after reaching the critical point, it eases with the deepening of financialization. However, the specific point of view is different. In the sample interval, the investment income financialization exacerbates the investment and financing maturity mismatch more obviously; the fixed income financialization inhibits the investment and financing maturity mismatch more obviously. Under the different perspectives of the firms' ownership nature, financing constraints, and principal-agent problems, there are differences in the impact of firms' allocation of different types of financial assets on the investment and financing term structure. In addition, the regulatory effect of financial supervision weakens the inverted U-shaped relationship of investment income financialization with investment and financing maturity mismatch; it enhances the inverted U-shaped relationship between fixed income financialization and investment and financing maturity mismatch. In general, financial supervision has had a significant positive effect on investment and financing maturity mismatches. The findings have important policy implications in terms of corporate real investment, financial market development, and financial regulation, which can help promote China's economic development and stability.

Theoretical Basis of Digital Transformation of Manufacturing Industry based on the Perspective of Resource Agglomeration

Manufacturing industry, as the foundation of a country and the basis of a strong country, is the pillar industry of China's national economy. With the rise of a new round of industrial revolution, the digital economy era, follow the pulse of the times, and actively promote the digital transformation is to realize the transformation and upgrading of the manufacturing industry is the way to go, but also to achieve China's economic development of high quality is an inevitable choice. At present, the foundation of China's manufacturing industry digital transformation is relatively weak, there is a general problem of "do not want to turn, will not turn, cannot turn". In the face of a turn on the death, not turn the dilemma of death, how to effectively and efficiently promote the integration of digital reality, the successful completion of the digital transformation of the current development of the manufacturing industry is a key issue that needs to be resolved. This paper analyzes the process mechanism of digital transformation of manufacturing industry based on the perspective of resource agglomeration, and analyzes the current situation of digital transformation of manufacturing industry and existing problems, and finally proposes relevant policy measures and research outlook. It aims to provide theoretical guidance and policy recommendations for the digital transformation of manufacturing industry.

Analyzing the Application of BIM Technology in Construction Project Management

Against the backdrop of the booming economic development in China, the construction industry has also witnessed rapid growth. The overall construction process of building projects is no longer a simple “drawing-construction” model, but has become more complex. This study aims to fully utilize BIM technology and apply it throughout the entire construction management process, with the goal of enhancing the quality of construction management, streamlining operational workflows, and improving efficiency. This paper analyzes the current research status both domestically and internationally, and identifies several implementable strategies to enhance the application efficiency of BIM technology in construction project management, considering its use in the planning, design, and construction stages. The research findings presented will greatly assist project management in the field of construction.

A study on the dynamic relationship between intellectual property rights and green economy development in China.

A study on the dynamic relationship between intellectual property rights and green economy development in China.