China's Economy Research Articles

To What Extent Has the Real Estate Industry Affected China's Economic Growth?

This paper focuses on the impact of the real estate industry on China's economic growth. We discovered, through an examination of certain specialist literature and statistical data analysis, that the real estate sector has been a major factor in China's economic expansion. Particularly, real estate investment is a considerable portion of fixed asset investments and makes a noteworthy contribution to economic growth. However, every coin has two sides. The rapid development of real estate also comes with some problems, such as the risk of real estate bubble and high leverage. Therefore, in order to make the real estate better promote the development of the national economy, the government has decided to guide the orderly and stable development of the real estate industry through policy regulation. In this article, by reviewing the previous literature and analyzing some relevant data about real estate, I will explore the impact of real estate industry on China's economic growth. The research finds that the development of the real estate industry is good for economic growth, but at the same time, policymakers should also pay attention to controlling the development speed of the real estate, such as: real-time monitoring of the market and formulating relevant policies to avoid problems.

Research on the influence of green finance policy on enterprise green innovation

At present, China's economy has entered a new normal, and policies with economic growth as the core can no longer meet the needs of social development. In recent years, China has vigorously promoted the green transformation of economic development, and the construction of a green innovation system has become the only way to improve the ecological environment and promote green development. Green finance, as a financial tool providing services for green industries such as energy conservation, emission reduction and pollution prevention and control, plays an important role in the process of economic green transformation. Green Finance Reform and Innovation Pilot Zone is the latest practice of green finance policy system construction. Under this background, this paper takes the establishment of our country’s Green Finance Reform Innovation Experimental Zone as a quasi-natural experiment, and adopts the panel data of Shanghai and Shenzhen A-share listed companies from 2011 to 2022, this paper discusses the impact of Green Finance Policy on enterprise green innovation by means of multi-period double difference model. The study found that the policy has an obvious driving effect on enterprise green innovation, and the conclusion passed the parallel trend test and placebo test; in addition, the mechanism test results show that the stronger the financing constraints, the promotion effect of green financial innovation policy may weaken.

The Influence of the Sports Events Industry on Sichuan's Economic Growth

The sports industry occupies an important position in China's national economy, and the sports event industry is its core industry, and its role in regional economic development has received more and more attention from all parties. This paper takes Sichuan Province as an example to discuss the role of sports events in regional development. Firstly, it is a theoretical overview. This paper explores the mechanism of its economic effect from four perspectives: economic growth, industrial structure, regional agglomeration and city brand. Second is the case study. Through the grey correlation analysis of the relationship between sports and tourism industry, using the exponential smoothing method and ARMA method, and establishing a multi-indicator model, it is concluded that sports and tourism industry have the highest correlation and play a positive role in promoting regional development.

Influence of financial inclusion and industrial robots on the efficiency of China's OFDI: A heterogeneous spatial stochastic frontier analysis

Enhancing the efficacy of China's outward foreign direct investment (COFDI) constitutes a significant avenue for realizing the sustainable development of China's economy. This study analyzes panel data from 63 countries from 2010 to 2021 to create a heterogeneous spatial stochastic frontier model to examine how financial inclusion and industrial robotics in host nations affect COFDI efficiency. The findings are as follows. To begin with, COFDI manifests positive spatial spillover effects across countries. Moreover, from a spatial perspective, financial inclusion diminishes COFDI efficiency, whereas the interaction between financial inclusion and industrial robots increases its efficiency. Industrial robots, thus, counteract the diminishing impact of financial inclusion on COFDI efficiency. Additionally, concerning the heterogeneity of location choice and investment motivation in COFDI, the interaction between financial inclusion and industrial robots in developed economies augments COFDI efficiency as opposed to emerging market economies. Conversely, technology-seeking investment mitigates the adverse effects of financial inclusion on the efficacy of COFDI when juxtaposed with resource-seeking investment. This study provides theoretical insights and practical recommendations for improving the efficiency and guiding the destination selection of COFDI.

How green governance empowers high-quality development: An EKC framework-based analysis of ESG and green total factor productivity.

High-quality development represents a fundamental shift in China's economy from scale and speed to quality and efficiency. In this transition, environmental, social, and governance (ESG) practices are not only closely integrated with China's development strategy but have also become a core standard for measuring development quality. Nevertheless, research on how ESG practices specifically promote high-quality development in Chinese enterprises remains limited. Based on the environmental Kuznets curve (EKC) theory framework, this study uses data from the Huazheng ESG Index from 2009 to 2022 and employs fixed effect models, mediation effect models, and heterogeneity analysis to examine the specific impact of China's ESG practices on corporate high-quality development from multiple dimensions. The results show that there is a "U-shaped" relationship between the ESG practices of Chinese listed companies and green total factor productivity (GTFP). Initially, improving ESG practices may temporarily suppress GTFP, but as ESG levels further improve, they exhibit a significant positive impact on GTFP. Corporations significantly boost productivity by alleviating financing constraints and promoting green technological innovation, although the direct impact on technological advancement remains relatively limited. In China's western regions and industries such as manufacturing, electricity, heat, gas, and water production and supply, wholesale and retail, and information transmission, software, and information technology services, the positive effects of ESG on GTFP are particularly evident. Based on these findings, it is recommended that governments and financial institutions collaborate to promote green credit policies and increase support for the research and development of green technologies. Additionally, environmental education and resource use optimization should be strengthened, especially in industries such as agriculture, forestry, animal husbandry, and fisheries, and the exchange of ESG technologies and experiences between industries should be encouraged.

Study on the influence of global tourism development on the upgrading of county industrial structure

Taking the global tourism as an important grasp, promoting the tourism to the industrial structure optimization and economic development of the driving force, is conducive to the high-quality development of China's county economy. Based on the panel data of 255 demonstration counties of global tourism in 30 provinces in China from 2012 to 2020, and on the basis of analyzing the correlation between the two, this paper empirically tests the relationship between the development of global tourism and the upgrading of county industrial structure by using static panel model and systematic GMM estimation method. It is found that the development of global tourism has a positive and significant impact on the upgrading of county industrial structure, and there are significant differences in this effect between the eastern, central and western regions of China. Therefore, this paper puts forward some countermeasures and suggestions to promote the upgrading of county industrial structure through the development of global tourism.

Characterizing the cultural landscape of traditional Chinese settlements through genome maps

Plentiful traditional settlements are the key part of Chinese cultural heritage due to their prominent traditional cultural features and rich historical information. The rapidly growing social economy of China raises a pressing need for understanding their rich traditional knowledge and wisdom. In order to explore this issue, Cultural Landscape Genes of Traditional Settlements (CLGTS) has been proposed by Chinese scholars since 2003. Since that, it has been attracting wide attention and has made significant strides in many areas, such as urban planning and the development of tourism. However, CLGTS still faces significant difficulties in addressing the connections between the cultural elements and the entire spatial image of traditional settlements. To fill this gap, this work proposed Landscape Genome Maps of Traditional Settlements (LGMTS) based on CLGTS. First, this work clarified the definition of Landscape Genomes of Traditional Settlements (LGTS); then, this work deeply clarified the connotations of LGMTS, and addressed the relations among CLGTS, LGTS, and LGMTS. Based on these findings, this work further established the classifications of LGMTS and explored its functions. Finally, through a case study, the potential of LGMTS to catch the critical cultural features of traditional settlements was shown.

Research and Analysis on Regional Heterogeneity of Educational Development Level and Economic Growth

China's rapid economic development over the past 40 years has improved the overall quality of life of the population but has also brought about uneven distribution of resources. The problem of educational inequality under the conditions of uneven distribution of economic development is one of the main problems that China needs to solve. Solving the problem of educational inequality plays a positive role in social fairness, justice, and long-term stability. Based on the above background, this paper focuses on the development of education policies in recent decades, the gains and losses of education poverty alleviation, the causes of the "involutionary" competition in urban education, and the effectiveness of relevant policies. It is recommended to improve the allocation of educational resources further and invest appropriate resources in the construction of vocational and technical schools to match the current development vision of China's economy. This paper suggests that students from poor areas be allowed to study in economically developed areas to improve educational resources in poor areas in the short term. This paper also calls on the government to establish a long-term mechanism to promote the growth of the education industry and promote a positive cycle of educational development and economic development.

Research on the Evaluation of Competitiveness of Steel Industry Enterprises

The steel industry, as a fundamental industry in the organic development framework of China's economy, has been facing the long-standing problems of production exceeding consumption, high asset liability ratio, severe product homogenization competition, and high pollution and carbon emissions in the production process in recent times. At the same time, due to the impact of the sluggish demand caused by the COVID-19, the rapid rise in the cost of raw materials such as iron ore, and the gradual disappearance of a series of policy dividends such as supply side reform, the financial situation of steel enterprises is becoming more and more pessimistic. How to cope with the increasing financial risks and gain competitive advantages through strengthening financial competitiveness in the fierce market competition has become a major issue that China's steel enterprises urgently need to solve. This article selects steel industry enterprises as the research object for analysis. By reviewing relevant literature on enterprise competitiveness, the relevant concepts of enterprise competitiveness are extracted, and the research results and evaluation system are organized. Based on factor analysis, 16 targeted indicators are selected based on scale, efficiency, growth, operational capacity, debt paying capacity, and research and development capacity. An analysis model is constructed and analysis conclusions are drawn. In the analysis results, problems are identified regarding the poor competitiveness of steel industry enterprises. The following research results were obtained: 1) The overall competitiveness score of enterprises in the industry is not high, all less than 1. Among them, operational capability has the greatest impact on the competitiveness of steel industry enterprises, followed by scale, debt paying ability, efficiency, research and development ability, and growth. 2) The worst scoring indicators among the six enterprise competitiveness indicators are the scale indicator and the growth indicator. There is a significant gap in industry scale, with 12 companies scoring positive in the scale factor, accounting for 34.29% of the industry; The scale factor score of 23 enterprises is negative, with an industry proportion of 65.71%. In addition, there are growth indicators, with 12 companies in the industry having positive growth factor scores and 23 companies having negative growth factor scores, indicating a significant head effect on overall growth capacity.

The role of green ammonia in meeting challenges towards a sustainable development in China

The shift to a sustainable development has become an important issue in China. This paper discusses the role of green ammonia in promoting China's energy, environmental and economic sustainability which has not drawn enough attention. First, key challenges in China's energy transition, decarbonisation and regional sustainable development are explored. The coal-dominated energy consumption has placed great obstacles in achieving energy transition and led to massive CO2 emission since the large-scale industrialization. The high dependency on oil and gas import has threatened China's energy security. Imbalanced and unsustainable regional development is identified with data envelopment analysis. Second, the potential of green ammonia in meeting these challenges is analysed. Ammonia is examined to be a flexible and economic option for large-scale hydrogen transport and storage. Co-firing ammonia in coal power generation at 3 % rate is evaluated as an option for achieving low-carbon transition by 2030. Benefits of developing a green ammonia economy is discussed from energy, environmental and economic aspects. The practice can decline fossil energy consumption, enhance energy security, and facilitate renewable energy delivery and storage, industry decarbonisation, and regional development. We assume the findings and results contribute to addressing sustainability challenges and realizing a hydrogen economy in China.

Cheng Enfu and the Renaissance of Marxian Political Economy in China

Cheng Enfu and the Renaissance of Marxian Political Economy in China

ESG systems and financial performance in industries with significant environmental impact: a comprehensive analysis

Research background and significanceAs China's economy continues its rapid expansion, the issue of environmental degradation has escalated, particularly within industries with significant environmental impact, such as steel, chemical, pharmaceutical sectors. These sectors are confronted with profound environmental and social responsibility challenges. The development of robust Environmental, Social, and Governance (ESG) systems has therefore become essential for improving environmental performance, meeting social responsibilities, and optimizing corporate governance structures. This study investigates the impact of ESG system implementation on the financial performance of enterprises within these environmentally impactful industries, offering a scientific foundation and practical guidance for corporate leaders and policymakers to facilitate green transformation and sustainable development.Methods and dataThis research integrates empirical analysis with case studies, employing a dataset of 2,376 observations from 792 listed companies within industries with significant environmental impact, spanning the period from 2019 to 2021. The data, sourced from the Wind database, were analyzed using multiple regression techniques. The findings reveal a significant positive relationship between overall ESG scores and corporate performance, measured by Return on Equity (ROE) and Return on Assets (ROA). All three ESG dimensions—environmental (E), social (S), and governance (G)—exhibit positive impacts on corporate performance. Furthermore, factors such as company size and growth rate are positively correlated with performance, whereas leverage ratio is negatively correlated. To further substantiate the empirical findings, a case study of Hunan Valin Steel Co., Ltd. was conducted.Results and conclusionsThe findings of this study demonstrate that the implementation of ESG systems substantially enhances the financial performance of enterprises within industries characterized by significant environmental impacts. Specifically, investments in environmental protection led to greater resource utilization efficiency, social responsibility initiatives foster enhanced employee productivity and customer loyalty, and strong corporate governance improves management structures and decision-making processes. The case study of Hunan Valin Steel Co., Ltd. reinforces these results, illustrating that a comprehensive ESG framework not only helps such enterprises achieve their environmental and social responsibility objectives but also markedly improves their financial outcomes. This research provides robust empirical evidence and actionable management recommendations for ESG system implementation in environmentally impactful industries, along with scientific support for informed policymaking.

New era Dalian Strengthens to People in the Private Economy in Ideological and Political Studies

Private economy is an important part of China's national economy, playing an irreplaceable role. In the new era, private economy is faced with various difficulties due to the changes of international economic environment and the development of domestic economic situation. An in-depth analysis of the new characteristics of the ideological and political work of private economic personages in Dalian, by optimizing the development environment of private economy, perfecting the mechanism of ideological and political work of private economy, screening the content of ideological and political work that matches the actual needs of private economy development, and making full use of modern multiple carriers, etc., it is of great significance to strengthen the ideological and political guidance of private economic personages in Dalian.

Exploring the effect of digital transformation on firm resilience: Evidence from China

Digital transformation has become a new driving force for the high-quality development of China's economy, and is also an important pivot point to safeguard the development of enterprises and promote the recovery of industries in an uncertain environment. In this paper, we apply textual analysis to measure the digital transformation index using the data of listed companies in China and explore the impact of digital transformation on corporate resilience. The results, which are based on a robustness test and endogeneity test, lead to the conclusion that digital transformation can have a significantly positive impact on enterprise resilience. Mechanism analysis finds that enterprise green innovation and total factor productivity (TFP) are important channels through which digital transformation significantly affects a firm’s resilience. Heterogeneity analysis further shows that the effect is more pronounced among state-owned enterprises (SOE), non-high-tech enterprises, labor-intensive enterprises and technology-intensive enterprises. These findings will help guide policies that promote digital transformation in order to resist the negative effects of external shocks.

The Spatial–Temporal Evolution and Driving Factors of the Coastal Tourism Economy in China

Tourism has emerged as a pivotal element of China’s economic development, particularly within its coastal cities. This paper presents a comprehensive analysis of China’s coastal city tourism economic development, focusing on 53 coastal cities. Through a meticulous combination of literature analysis and data crawling, a robust database is constructed, encompassing tourism resources and revenues. This study delineates the spatial–temporal evolution pattern of China’s coastal city tourism development and employs geo-detector methods to quantitatively analyze the impact factors driving this evolution. Key findings reveal distinct trends in the coastal tourism economy of China from 2009 to 2019, characterized by spatial stability, similar trends in adjacent spatial units, and localized spatial structures. Notably, factors such as actual foreign investment, the presence of star-rated guesthouses, tourism industry employment, airport activity, and import–export trade volume exert significant influence on the domestic tourism economy. Similarly, tourism employment, airport activity, availability of star-rated hotels, import–export trade, and utilization of foreign capital emerge as influential factors shaping inbound tourism. Policy recommendations emphasize the need for government intervention to optimize tourism development strategies for coastal cities. This entails balancing resource exploitation with environmental protection and enhancing the quality of tourism services, fostering sustainable growth and long-term prosperity.

COMPARATIVE ANALYSIS OF SMART ECONOMY DEVELOPMENT IN SELECTED COUNTRIES OF SOUTHEAST ASIA

Research subject. The development of the global economy indicates the formation of a new trend in the formation of the smart economy, which currently covers both developed and developing countries. According to the analysis, developed countries are leaders in economic development precisely because of the development of technologies that are the basis for the formation of the smart economy and the smart intellectualisation of economic activity. The smart economy in Asia is actively developing due to the intensive introduction of the latest technologies, innovative management approaches, and increased resource efficiency. Asian countries such as China, Japan, South Korea, Singapore, and India are leaders in the development of the smart economy. At the same time, Asian countries have been demonstrating one of the highest rates of economic development since the beginning of the XXI century, which is primarily due to the active technologisation of production and the spread of communication technologies in all areas of economic activity. Several technology centres are emerging in Asia, concentrating technology companies and creating a favourable environment for the development of the smart economy. Methodology. The article conducts a comparative analysis of the factors contributing to the development of the smart economy in individual Asian countries, identifies the most influential factors and the degree of their impact on each country. The purpose of this study is to identify the factors influencing the development of the smart economy and compare their impact in the economies of China, India and Singapore. To achieve this goal, the following research objectives are envisaged: to identify factors that have a significant impact on the development of the smart economy in different countries; to assess the impact of individual factors on the development of the smart economy in China, India and Singapore; to compare the impact of individual factors of the smart economy on the economies of these countries; and to assess the models of smart economy development in China, India and Singapore. Conclusion. The smart economy in Asia is characterised by unique features that reflect the cultural, technological and economic conditions of the region. The key features of the Asian smart economy include a high level of digitisation and technological integration, active development of smart cities, financial technologies (FinTech), a focus on automation and robotics, innovation hubs and support for start-ups, environmental sustainability and green energy, and the digitalisation of governance and public services. Asian countries are also distinguished by the integration of smart technologies into the everyday life of citizens and the support of innovation ecosystems at the state level.

Research on the Rapid Development of China's Industrial Economy and Its Enlightenment to Vietnam

In recent years, facing profound adjustments in the global economy, China has clearly formulated and implemented strategies for the development of its industrial economy. These strategies include strengthening infrastructure, enhancing workforce quality, and expanding both domestic and international markets, effectively spurring rapid growth in the industrial sector. Despite significant achievements, China's industrial sector still faces challenges such as environmental pollution, limited innovative capacity in key technological areas, insufficient investment in basic research, and inadequate development of international markets. Drawing from China's experiences, it is suggested that Vietnam adopt similar strategies to modernize and internationalize its own industrial economy. This approach could accelerate Vietnam's industrial progress and boost its global competitiveness. However, Vietnam should adapt these strategies to its own unique context, emphasizing innovation-driven growth, high-value industries, and digital infrastructure development. By balancing state-driven industrial growth with private sector innovation, Vietnam can establish a resilient and competitive industrial base for long-term success.

Construction of Classroom Culture of International Chinese Teachers from the Perspective of Effective Teaching

Culture and economy are two subsystems that are indispensable and closely linked in a country's development process. Economy determines culture, and culture is a reflection of politics and economy and reacts to economy. With the continuous rapid development of China's economy, "Chinese", as a unique cultural element in China, is increasingly active and spreading on the global international stage with the development of China's economy.​ Therefore, China's language and the cultural civilization factors attached to the language are in urgent need of "going out", they need a "missionary" who not only has the Chinese ontology knowledge but also has a high degree of cultural cognition to spread Chinese characters and Chinese civilization. At this time, international Chinese teachers who have a high degree of conformity with internal and external standards and who are familiar with cultural teaching methods and teaching techniques become indispensable. It is imperative to improve the comprehensive quality of international Chinese teachers and promote the effective teaching of international Chinese classroom culture.

Exploring the dilemma of straw economy in China: An analysis based on tripartite evolutionary game model

Exploring the dilemma of straw economy in China: An analysis based on tripartite evolutionary game model

Research on the Problems and Countermeasures of Using Management Accounting Methods to Promote the Reform of State-owned Enterprises

This paper deeply discusses how to use the power of management accounting to promote the deepening of the reform of state-owned enterprises, and proposes effective solutions to the existing problems. The reform of state-owned enterprises, as an indispensable part of China's economic map, is of great importance. Management accounting, as a mature and efficient management tool, is gradually becoming an indispensable supporting force in the reform of state-owned enterprises. This paper provides an in-depth analysis of the unique role of management accounting in the reform of state-owned enterprises. We find that by introducing management accounting concepts and methods, we can effectively optimize resource allocation, improve decision-making efficiency, and inject new vitality into the reform of state-owned enterprises. The research results of this paper are of great significance for guiding the reform practice of state-owned enterprises and improving the operating performance of state-owned enterprises. We believe that with the help of management accounting, the reform of state-owned enterprises will be able to take more solid steps and contribute more to the sustainable development of China's economy.