Hui Li, Ruining Zhang, Lingyue Zhang, Yu Qin, H. Liao
{"title":"Energy production revolution in China during 2015–2019: progress and challenges","authors":"Hui Li, Ruining Zhang, Lingyue Zhang, Yu Qin, H. Liao","doi":"10.1080/14765284.2023.2167413","DOIUrl":"https://doi.org/10.1080/14765284.2023.2167413","url":null,"abstract":"ABSTRACT Since the release of the Energy Supply and Consumption Revolution Strategy (2016–2030), China has made remarkable advancements. This paper establishes an evaluation system to analyze the progress of the energy production revolution in China during 2016–2019. The results report that more than three-fourths of the indicators fulfill the process schedule by more than 80% in 2019. Specifically, the clean development and efficient utilization of coal is carried out significantly among the five major areas of the energy production revolution. However, China’s energy production revolution still faces challenges, such as insufficient technology innovation of power generation, weak consumption and storage capacity of clean energy, the outdated transaction management system of the energy market, the limited emergency capacity of the energy system, and the backward construction of an energy production intelligent system. Finally, policy implications for accelerating the energy production revolution are proposed.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43196556","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}
{"title":"Fraud analytics: a research","authors":"B. Baesens","doi":"10.1080/14765284.2022.2162246","DOIUrl":"https://doi.org/10.1080/14765284.2022.2162246","url":null,"abstract":"ABSTRACT Fraud is as old as humankind and appears in many types and forms. Popular examples are credit card fraud, tax evasion, identity theft, insurance fraud, counterfeit, click fraud, anti-money laundering, and payment transaction fraud. In earlier research we defined fraud as an uncommon, well-considered, imperceptibly concealed, time-evolving, and carefully organized crime. Nowadays, fraud is typically tackled using state-of-the-art analytical techniques with many accompanying challenges. It is the purpose of this article to highlight twelve research topics (RTs) that we believe prioritize high on the agenda of contemporary fraud analytics models. We do this by reviewing fraud analytics from a data, model, performance, and deployment perspective.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48262564","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}
{"title":"Carbon neutrality and socio-economic development","authors":"Z. Mi, Yuning Gao, Hua Liao","doi":"10.1080/14765284.2023.2182013","DOIUrl":"https://doi.org/10.1080/14765284.2023.2182013","url":null,"abstract":"To achieve the 1.5°C goal, the world needs to reach carbon neutrality by the mid-century. The achievement of carbon neutrality not only relates to climate change mitigation, but also delivers unprecedented and tremendous changes to society in green economic growth, responsible consumer behaviours, human well-being, and health. This special issue originated from the China-UK Workshop on Climate Change Economics held by Center for Energy and Environmental Policy Research, Beijing Institute of Technology and Bartlett School of Sustainable Construction, University College London. This special issue serves as a platform for the researchers to have a discussion on the balance between socioeconomic targets and actions for decarbonization strategies. The papers in this SI cover topics on decarbonization of economic growth, transition in energy system, firms’ commitment to carbon neutrality, and the trends of carbon neutrality-related research in recent decades. China’s commitment to carbon neutrality is critical to the global efforts in climate change mitigation since it has been the world’s largest emitter since 2006. The achievement of carbon neutrality in China should be based on a thorough transition of the economic growth mode in the process of industrialisation and urbanisation. The old approaches of heavy investments in physical infrastructure, with a focus on manufacturing, high-carbon infrastructure and fossil fuel, need to be abandoned. By linking the 14 Five-Year Plan and carbon neutrality goal, Stern and Xie (2023) proposed a new growth story for China to shift from overexploitation of natural resources and the chase for material wealth to a multidimensional conception of human well-being, protection of natural resources, boost of sustainable technologies, and changes in consumer behaviour. Investment in sustainable growth and low-carbon innovations is vital to promote the structural transformation of industries. In achieving the carbon neutrality goal, energy transition is one of the most important approaches. By establishing an evaluation indicator system, Li et al. (2023) assessed the progress in the energy production revolution during 2015–2019 in China. Results indicate that the production revolution in the supply-side management of energy and clean development and the efficient utilization of coal are the most prominent aspects of revolution advancements. A slowdown of the energy production revolution in 2018 and 2019 is also shown. China’s energy system is facing some challenges, including insufficient technology innovation, weak consumption and storage capacity for clean energy, sluggish construction of the energy product standard system and transaction management system, the brittle cross-regional transmission of energy, and the backward construction of an energy production intelligent system. R&D investment in clean power generation technology, the establishment of intelligent energy production, supply, storage and marketing systems","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45458253","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}
{"title":"Does carbon neutrality commitment enhance firm value?","authors":"Xinyi Xie, Jianan Lu, Mao Li, Jiang Dai","doi":"10.1080/14765284.2022.2161171","DOIUrl":"https://doi.org/10.1080/14765284.2022.2161171","url":null,"abstract":"ABSTRACT This study discusses the stock market reaction to the firm’s carbon neutrality commitments. By hand-collecting firm-level news and stock data, we conduct event studies as well as regression modelling studies. The results show that firms experience losses in market value from committing to being carbon neutral, and the decline in cumulative abnormal returns ranges from −2.09% to −1.21% across different event windows. However, we find better previous ESG performance and a higher level of carbon disclosure could mitigate adverse market reactions. This study innovatively links the ‘trade-off theory’ and ‘resource-based view’ to the discussion of CSR/ESG on firm value from the lens of carbon neutrality commitments.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46679592","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}
{"title":"Research on spillover effect of foreign market risk on Chinese capital market from perspective of full financial opening-up","authors":"Xinhui Zhou, Yuzhe Li, Bing Chen, Huadong Jiang","doi":"10.1080/14765284.2022.2161173","DOIUrl":"https://doi.org/10.1080/14765284.2022.2161173","url":null,"abstract":"ABSTRACT Starting from document research, this paper analyzes the mechanism of the risk spillover effect from developed capital markets to the Chinese capital market. After that, this paper conducts an empirical study on the risk spillover effect of developed capital markets on the Chinese capital market by using the DCC-GARCH model. Then the impact degree of global major stock market fluctuations on the Chinese stock market is measured. The analysis shows that there exists a significant risk spillover effect of developed capital markets on the Chinese capital market, but the effect began to weaken after the financial crisis and the size of the spillover effect can be affected by macro factors such as geographical locations, foreign trade, and foreign investment.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43055043","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}
{"title":"Predicting Chinese consumption series with Baidu","authors":"Zhongchen Song, T. Coupé","doi":"10.1080/14765284.2022.2161175","DOIUrl":"https://doi.org/10.1080/14765284.2022.2161175","url":null,"abstract":"ABSTRACT There is a substantial literature that suggests that search behavior data from Google Trends can be used for both private and public sector decision-making. In this paper, we use search behavior data from Baidu, the internet search engine most popular in China, to analyze whether these can improve nowcasts and forecasts of the Chinese economy. Using a wide variety of estimation and variable selection procedures, we find that Baidu’s search data can improve nowcast and forecast performance of the sales of automobiles and mobile phones reducing forecast errors by more than 10%, as well as reducing forecast errors of total retail sales of consumptions goods in China by more than 40%. Google Trends data, in contrast, do not improve performance.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2022-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44554257","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}
{"title":"FDI, indirect horizontal spillover and firm productivity in China’s manufacturing industry","authors":"Kai Liu, Xin Yue, Yan‐Ling Yu","doi":"10.1080/14765284.2022.2137723","DOIUrl":"https://doi.org/10.1080/14765284.2022.2137723","url":null,"abstract":"ABSTRACT The indirect spillover effects of manufacturing foreign direct investment (FDI) through upstream suppliers are often ignored by academia. This paper first explains theoretically the mechanism of indirect horizontal spillovers from foreign-funded firms and matches China Industry Business Performance Data and the China Customs Dataset, then empirically analyzes the indirect horizontal spillover effects of China’s manufacturing FDI through upstream suppliers. The results show that China’s manufacturing FDI generates significant positive technology spillovers to local firms through an indirect horizontal mechanism; the vertical spillover effects of China’s manufacturing FDI are asymmetric; the indirect spillover effects are influenced by firm ownership, whether it trades or not, and firm size; and the indirect spillovers generated by FDI restrain the quality of products for exports by local firms in the intra-industry but significantly improve the quality of products for export of upstream suppliers through backward linkages.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2022-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49072465","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}
{"title":"Implications of the Ukraine war for China: can China survive secondary sanctions?","authors":"Hong Bo","doi":"10.1080/14765284.2022.2136933","DOIUrl":"https://doi.org/10.1080/14765284.2022.2136933","url":null,"abstract":"ABSTRACT In this short article, I provide a preliminary assessment of the economic consequences of possible secondary sanctions on China. Considering the interdependence of China with the rest of the world, I analyse challenges and opportunities China would face in the scenario of secondary sanctions. My analysis covers China’s real economy, domestic financial system, role in international finance, and Belt and Road Initiative (BRI). Overall, China can survive secondary sanctions, but its ambitions for the advancement of technology would face mounting difficulties.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2022-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47330984","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}
Yizhi Wang, Florian Horky, L. Baals, B. Lucey, S. Vigne
{"title":"Bubbles all the way down? Detecting and date-stamping bubble behaviours in NFT and DeFi markets","authors":"Yizhi Wang, Florian Horky, L. Baals, B. Lucey, S. Vigne","doi":"10.1080/14765284.2022.2138161","DOIUrl":"https://doi.org/10.1080/14765284.2022.2138161","url":null,"abstract":"ABSTRACT Amid surging market values and widespread regulatory discussion, NFT and DeFi markets are widely perceived as being simply speculative in nature. This paper detects the existence and dates of price bubbles in the NFT and DeFi markets by applying SADF and GSADF tests. We document that NFT and DeFi markets both exhibit speculative bubbles, with NFT bubbles being more recurrent and having higher average explosive magnitudes than DeFi bubbles. The price bubbles in the NFT and DeFi markets are highly correlated with market hype and with more general cryptocurrency market uncertainty. We do find periods where bubbles are not detected, suggesting that these markets do have some intrinsic value and should not be dismissed as simply bubbles.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2022-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45752515","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}
Jing-Li Fan, Zixia Ding, Kai Li, Qian Wang, Xian Zhang
{"title":"Research on carbon neutrality from the past to the future: a bibliometric analysis","authors":"Jing-Li Fan, Zixia Ding, Kai Li, Qian Wang, Xian Zhang","doi":"10.1080/14765284.2022.2116203","DOIUrl":"https://doi.org/10.1080/14765284.2022.2116203","url":null,"abstract":"ABSTRACT Many countries have made carbon neutrality pledges in response to climate change. In this study, we collected 2,918 publications related to carbon neutrality from the Web of Science and conducted a bibliometric analysis. In this field, we discovered: (1) The number of publications has gone through three phases, with 66.6% of total publications during 2015–2021; research was dominated by the US, with four of the ten most influential institutions coming from it. In 2016, China exceeded the UK in terms of annual publications and ranked second. (2) Academic collaboration among the Top 20 productive countries was extensive, with co-authors from 12 of the 20 countries publishing more than 50% of the total. (3) Co-word analysis indicated that during 2000–2007, researchers focused mainly on ecological carbon sinks; during 2008–2014, carbon markets, bioenergy, and bio-based products attracted attention; during 2015–2021, carbon sequestration technologies, hydrogen, and fuel cells were the focus.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2022-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46253934","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}