The Chinese Economy最新文献_第10页

China’s Infrastructure Investment to the Belt and Road: The Case of the China-Indochina Peninsula Economic Corridor 中国对“一带一路”的基础设施投资:以中国-中南半岛经济走廊为例

The Chinese Economy Pub Date : 2021-08-04 DOI: 10.1080/10971475.2021.1958452

Yuwen Dai

{"title":"China’s Infrastructure Investment to the Belt and Road: The Case of the China-Indochina Peninsula Economic Corridor","authors":"Yuwen Dai","doi":"10.1080/10971475.2021.1958452","DOIUrl":"https://doi.org/10.1080/10971475.2021.1958452","url":null,"abstract":"Abstract Inspired by China’s historical role as a central hub in the Silk Road, the Chinese government officially launched the Belt and Road Initiative (BRI) in 2013. The BRI aims at deepening regional economic cooperation on a transcontinental scale and investing in infrastructure that promotes regional connectivity over land and sea. In recent years, China’s outward foreign direct investment (OFDI) has increased tremendously. Empirical evidence suggests that Chinese OFDI is about 40 percent higher in BRI countries than non-BRI countries. Under the BRI framework, China is currently a global leader in the construction of transportation infrastructure. In this paper, we examine the case of the China-Indochina Peninsula Economic Corridor (CIPEC) and investigate the macroeconomic implication of the BRI by conducting empirical study on Chinese OFDI to the CIPEC, analyzing China’s infrastructure investment, and conducting case studies of BRI infrastructure projects in the region. Our findings draw implication for policymakers in BRI nations who intend to attract Chinese infrastructure investment to improve regional connectivity. The lessons learned from these BRI projects highlight the importance of institutional relationship, domestic politics, political stability, and policy uncertainty, which in turn shed light on future infrastructure projects between China and host countries under the BRI framework.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"65 1","pages":"169 - 187"},"PeriodicalIF":0.0,"publicationDate":"2021-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84790171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Depreciation Rate by Industrial Sector and Profit after Tax in China 中国各行业折旧率及税后利润

The Chinese Economy Pub Date : 2021-06-30 DOI: 10.1080/10971475.2021.1930297

Junmin Wan, Qiqi Qiu

引用次数: 5

Cash Dividend Behaviors around Private Placements in China: Interactions between Two Information-Releasing Events 中国私募中的现金股利行为:两个信息发布事件之间的互动

The Chinese Economy Pub Date : 2021-06-28 DOI: 10.1080/10971475.2021.1930294

Hao Jiang, Shiguang Ma, A. Jun

引用次数: 0

Economic Effect and Resolution Idea of the THAAD Political Conflict on South Korea’s Exports to China 萨德政治冲突对韩国对华出口的经济效应及解决思路

The Chinese Economy Pub Date : 2021-06-15 DOI: 10.1080/10971475.2021.1930300

Weiying Kong

{"title":"Economic Effect and Resolution Idea of the THAAD Political Conflict on South Korea’s Exports to China","authors":"Weiying Kong","doi":"10.1080/10971475.2021.1930300","DOIUrl":"https://doi.org/10.1080/10971475.2021.1930300","url":null,"abstract":"Abstract South Korea deployed the Terminal High Altitude Area Defense (THAAD) antimissile system in response to North Korea’s nuclear test, leading to the Chinese government’s opposition to THAAD, citing national security concerns. Chinese consumers held a large-scale “boycott for Korean products” campaign in 2014. In the same year, the China–South Korea free trade agreement (FTA) was signed. This study compares the double-difference (DID) and triple-difference (DDD) models using the impact of the THAAD political conflict on South Korean exports. In the DID model, THAAD reduced South Korean exports, while in the DDD model, the FTA effectively alleviated the impact of THAAD. The net difference of the FTA’s impact on the commodities boycotted in response to the THAAD conflict exists because some boycotted commodities were promoted by the FTA while others were not. The effect of the THAAD event shock was significant only in the first two years, with minimal subsequent changes in growth. THAAD and FTA’s dynamic effects provide evidence of how political conflict can eventually influence popular opinion and how the trade policy plays a significant role in the national conflict resolution. Finally, the study provides additional evidence on the effect of non-tariff barriers triggered by THAAD on the service industry.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"1 1","pages":"88 - 110"},"PeriodicalIF":0.0,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88275532","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Dynamics of Return Linkages and Asymmetric Volatility Spillovers among Asian Emerging Stock Markets 亚洲新兴股市收益关联动态与非对称波动溢出

The Chinese Economy Pub Date : 2021-06-14 DOI: 10.1080/10971475.2021.1930292

R. Ahmed, Guohao Zhao, U. Habiba

引用次数: 12

Will Financial Liberalization Help China to Invest More Efficiently? Evidence from China’s Saving and Investment from 1993 to 2017 金融自由化会帮助中国提高投资效率吗?来自1993 - 2017年中国储蓄和投资的证据

The Chinese Economy Pub Date : 2021-05-28 DOI: 10.1080/10971475.2021.1930298

Hang Cheng

{"title":"Will Financial Liberalization Help China to Invest More Efficiently? Evidence from China’s Saving and Investment from 1993 to 2017","authors":"Hang Cheng","doi":"10.1080/10971475.2021.1930298","DOIUrl":"https://doi.org/10.1080/10971475.2021.1930298","url":null,"abstract":"Abstract China has enjoyed high saving and high investment ratios by international standards. However, mainstream economists argue that China suffers from inefficient investment due to excessive state interventions. The mainstream argument is in conflict with the observed high output-capital ratios and rates of return on capital in China before 2008. China’s investment efficiency has deteriorated since 2008 despite the progress of financial liberalization. In this essay, we used provincial-level panel data from 1993 to 2017 and the technique of General Method of Moments to examine how China’s saving and investment respond to output-capital ratio, gross profit share, and real interest rate. We find that output-capital ratio has positive effects on saving and investment in all three periods (1993–2000, 2001–2008, 2009–2017); gross profit share has positive effects on saving; but gross profit share has negative and significant impact on investment for the period 2009–2017. We find that real interest rate has significant and negative impact on China’s saving for the period 1993–2000, a result that is inconsistent with the neoclassical theory of saving. On the other hand, real interest rate has a significant and negative impact on investment and a significant and positive impact on saving for the period 2009–2017, consistent with what should happen in a liberalized financial market according to neoclassical economics. These findings suggest that China’s financial market may have become sufficiently liberalized to induce the “correct” behavior from businesses and households but the “correct” behavior has not yet led to improvement in China’s investment efficiency.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"43 1","pages":"67 - 87"},"PeriodicalIF":0.0,"publicationDate":"2021-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73411210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A New Market for Pet Food in China: Online Consumer Preferences and Consumption 中国宠物食品新市场:网上消费者偏好与消费

The Chinese Economy Pub Date : 2021-04-14 DOI: 10.1080/10971475.2021.1890360

Yunyang Xiao, H. Wang, Jun Yu Li

{"title":"A New Market for Pet Food in China: Online Consumer Preferences and Consumption","authors":"Yunyang Xiao, H. Wang, Jun Yu Li","doi":"10.1080/10971475.2021.1890360","DOIUrl":"https://doi.org/10.1080/10971475.2021.1890360","url":null,"abstract":"Abstract The pet industry has grown tremendously in China, and pet food is a major product in the market. Although characteristics of pet food are important considerations for veterinarians and consumers, there has yet to be a holistic consumer study for Chinese pet food shopping behaviors. This study focuses on consumer stated preferences of online pet food and factors affecting their actual purchasing behavior. We have conducted a survey and explored factors affecting both consumers’ stated attribute preferences and factors affecting their consumption quantities. A total of 220 valid samples were collected online from pet owners with online shopping experiences in 2019. Our results reveal that younger, urban, higher educated, and married consumers with families tend to use more online channels to buy pet food. They care more about brand, ingredients, and retailer reputation, but not so much about imported products. We find little significant statistic difference between consumers’ online and offline shopping perspectives. This paper quantitatively investigates consumer pet food shopping behaviors, discovers recent trends in this line of research, and provides insight into the industry for future developing demand.","PeriodicalId":22382,"journal":{"name":"The Chinese Economy","volume":"8 1","pages":"430 - 440"},"PeriodicalIF":0.0,"publicationDate":"2021-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80249433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 8

Research on Innovation in Business and Management about China and Latin America: Bibliometric Insights Using Google Scholar, Dimensions and Microsoft Academic 中国和拉丁美洲的商业和管理创新研究:基于Google Scholar、Dimensions和Microsoft Academic的文献计量分析

The Chinese Economy Pub Date : 2021-04-13 DOI: 10.1080/10971475.2021.1958451

Julián D. Cortés, Xi Lin, Xiaolei Xun

引用次数: 6

Impact of risk perception on migrant workers’ employment choice during the COVID-19 epidemic 新冠肺炎疫情期间风险认知对农民工就业选择的影响

The Chinese Economy Pub Date : 2021-04-01 DOI: 10.1080/10971475.2021.1890358

Haiyan An, Xiaoshu Sun

引用次数: 9

Fresh Produce E-Commerce and Online Shoppers’ Purchase Intention 生鲜电子商务与网购者购买意愿

The Chinese Economy Pub Date : 2021-03-27 DOI: 10.1080/10971475.2021.1890359

Kai Zhao, Hongxu Shi, Y. Zhang, Jiping Sheng

引用次数: 11