Risk Management In China Research Articles

Special issue on supply chain risk management in China

Special issue on supply chain risk management in China

Risk Management in China's State Banks - International Best Practice and the Political Economy of Regulation

The modernization of the banking sector, and particularly the big four state owned commercial banks, has a top priority on the Chinese reform agenda. Three of the four state banks found foreign strategic investors as minority shareholders and domestic banks now face more competition from global players since the country's WTO commitments came fully into effect at the end of 2006. A comprehensive approach to reform aims at pushing China's state banks into the league of global leading financial institutions within a few years time. But is this aim feasible despite prevalent state dominance? To shed light on the role and impact of the state in promoting sound risk management practices this paper focuses on the political economy of law implementation. Two main conclusions are drawn: (1) the direction of action is significantly different from reform outcomes due to weak incentives to enforce respective policies and as a consequence non-performing loan accumulation continues; and (2) on a more general level banking regulation in China illustrates that a normative approach based on international best practice is insufficient to address the issue of financial stability in many emerging and developing countries because it neglects the role of the institutional embeddedness of banking reform.

Research on geologic hazard risk management in China based on geologic hazard survey and zoning

China is a typical developing country. Risk management has become an inevitable trend in China's geologic hazard management and it is imperative to conduct geologic hazard risk evaluation. Although China has laid the foundation for geologic hazard survey and zoning, the large-scale geologic environment information is not fully available and the geologic hazard risk evaluation must be pressed ahead steadily. Based on the research on existing conditions and problems of geologic hazard survey and zoning in China, the paper proposes the planning for geologic hazard risk evaluation in the coming ten years. It will no doubt help the country with a large population and vast territory in its fast pace of economic development to conduct the geologic hazard risk evaluation.

Key issues and challenges of risk management and insurance in China's construction industry

PurposeThe purpose of this study is to investigate the key issues and challenges in risk management and insurance in the Chinese construction industry and propose solutions to improve risk management.Design/methodology/approachThe study is based on surveys which target people who have direct or relevant experience of risk management and construction insurance in China. Surveys were conducted by e‐mail, mail and fax to selected clients, contractors (project director, project managers, and contract managers/administrators), insurers, brokers, consultants, claim advisors, and academics; and e‐mails to Chinese researchers in the construction management field. Descriptive analysis is used for data analysis.FindingsIt is found that cultural considerations inhibit proper implementation of risk management in China's construction industry. It is also found that the perception and attitude of contractors play an important role in developing risk management. Accordingly, an organizational learning of a risk management model is designed and proposed as an organizational learning process through collaborative teamwork to improve risk management and create a learning organization.Research limitations/implicationsThe major limitation is the sample size. A much larger sample size allows comparisons among different groups of contractors, regions, etc.Originality/valueThis empirical research identifies the real challenge of application of risk management in China's construction industry. It proposes a realistic organizational learning model through collaborative teamwork which could help Chinese contractors to improve their risk management.

Natural disasters and extreme events in agriculture: impacts and mitigation

Impacts of Natural Disasters in Agriculture, Rangeland and Forestry: an Overview.- The Role of Disaster Preparedness in National Planning with Specific Reference to Droughts.- The Occurrence and Predictability of Extreme Events over the Southwest Pacific with Particular Reference to ENSO.- Accessibility of Database Information to Facilitate Early Detection of Extreme Events to Help Mitigate Their Impacts on Agriculture, Forestry and Fisheries.- Tools for Forecasting or Warning as well as Hazard Assessment to Reduce Impact of Natural Disasters on Agriculture, Forestry and Fisheries.- Agrometeorological Impact Assessment of Natural Disasters and Extreme Events and Agricultural Strategies Adopted in Areas with High Weather Risks.- Damage Assessment of Agrometeorological Relevance from Natural Disasters: Economic and Social Consequences.- Impacts of Tropical Cyclones on Chinese Lowland Agriculture and Coastal Fisheries.- Frost and High Temperature Injury in China.- Impacts of Sand Storms/Dust Storms on Agriculture.- Disaster Reduction Planning and Response: The Example of National Drought Policy in USA.- Agricultural Drought Policy and Practices in Australia.- Significance of Training, Education and Communication for Awareness of Potential Hazards in Managing Natural Disaster in Australia.- Agrometeorological Disaster Risk Management in China.- Degradation of Vegetation and Agricultural Productivity due to Natural Disasters and Land Use Strategies to Mitigate Their Impacts on Agriculture, Rangelands and Forestry.- Agricultural Drought Mitigation and Management of Sustained Agricultural Development in India.- Early Detection and Monitoring of Drought and Flood in China Using Remote Sensing and GIS.- The Decision of the Center of a Tropical Cyclone over China Coastal Waters Using a Doppler Radar.- Application of Remote Sensing and GIS for Analysis of Forest Fire Risk and Assessment of Forest Degradation.- Conclusions and Recommendations.

Water-Related Risk Management in China

China is a country under the frequent threat of water-related risks, and it has a long history of controlling these risks. In the past twenty years, China has developed a complex water-related risk management system. The system consists of complicated legal arrangements, different levels of organizations, and applications of wide regulatory instruments. But China's system is a hierarchical governance system and lacks adequate coordination, as well. In realizing integrated water related risk management in China, changing the concept of risk, developing of an integrated water related risk management system, and holistic management, as well as managing risk as social and economic goods, would play a key role.

Risk in China: Comparative and historical perspectives on its social construction and management

China's rapid industrial development and growing environmental problems call attention to how China approaches the management of risk. Traditional approaches to flood control, as well as contemporary approaches to technological hazards, suggests that risk management in China has been biased by historical and cultural forces tending towards highly centralized schemes. Unfortunately, these can be defeated by natural and social phenomena beyond the reach of the state's authority, often with a loss of confidence in the government. Contemporary China can be thought of as in a “risk transition” with regard to the hazards it faces, and the institutional strategies devised to deal with them.