As a growing number of countries, including both developed and developing countries, have in recent yearstaken environmental regulation at different levels, a question of great concern has been raised: can the regulat...As a growing number of countries, including both developed and developing countries, have in recent yearstaken environmental regulation at different levels, a question of great concern has been raised: can the regulation alterthe existing trade volume and trade pattern, and ultimately drive pollution-intensive industries to countries with low-levelregulations or even those without regulations at all? Starting from the three different propositions concerning therelationship between environmental regulation and trade pattern, this paper applies cointegration analysis and errorcorrection model to empirically testing the relationship between environmental regulation and trade in China during theperiod of 1985-2005. Our empirical results indicate that in the short run the collection of pollution discharge fees bearsa positive impact on the export share of clean products of total exports. Thus, higher pollution discharge fees raise theratio of clean products exports to total exports. This further indicates that more stringent environmental regulationpromotes the exports of clean products. In the long run pollution discharge fees are positively correlated with the exportshare of clean products but negatively associated with their import share. Such correlations imply that environmentalregulation tends to facilitate the international specialization in line with comparative advantages.展开更多
Since the mercantilism era, economists have built up trade theories to explain the rationale and patterns of world trade.In this paper, the explanatory power of the international product life cycle (IPLC) theory for d...Since the mercantilism era, economists have built up trade theories to explain the rationale and patterns of world trade.In this paper, the explanatory power of the international product life cycle (IPLC) theory for describing the trends and patterns of the global textile trade, one of the most geographically dispersed export items in both developed and developing countries/regions, is discussed. Data at SITC two-digit level (SITC 65 ) were collected and time series regressions were performed to analyze the value trends and world shares of textile exports from 1990 to 2000 for selected developed economies. It was found that some developed economies have increased their world shares in textile exports, which indicated that global trade shift in the textile industry may not follow what the IPLC has suggested.展开更多
In coping with the global financial crisis, all levels of the Chinese government and foreign trade firms have not only created new practices but have also changed their goal from transforming the growth pattern of for...In coping with the global financial crisis, all levels of the Chinese government and foreign trade firms have not only created new practices but have also changed their goal from transforming the growth pattern of foreign trade to transforming the development pattern of joreign trade. China＇s experience shows that economic instruments such as Net Barter Terms of Trade （NBTT） and the smile curve theory have limitations when it comes to interpreting foreign trade. If used improperly, scientific theories often lead to.fallacies. Transjbrming the development pattern of China＇s .foreign trade requires the following changes： national income distribution, foreign trade competition, market exploration, and resource utilization. We advise that competent authorities create a reasonable and operational system of assessment indicators.展开更多
With the economic integration all over the world, it is necessary to establish the free trade area of central Asia, including Xinjiang. This paper analyses the demands on establishing free trade area in central Asia. ...With the economic integration all over the world, it is necessary to establish the free trade area of central Asia, including Xinjiang. This paper analyses the demands on establishing free trade area in central Asia. According to the present statues of Xinjiang and five countries of central Asia, the developmental patterns are suggested. Furthermore, some policies and suggestions are proposed about the existing problems.展开更多
At the end of 2015, the United States lifted a 40-year ban on crude oil exports, which has far-reaching implications for the global crude oil market and crude oil trade patterns. Since the release of crude oil exports...At the end of 2015, the United States lifted a 40-year ban on crude oil exports, which has far-reaching implications for the global crude oil market and crude oil trade patterns. Since the release of crude oil exports, with the recovery of crude oil production and improved export infrastructure in the United States, U.S. crude oil exports have been growing rapidly, with an average of about one million barrels/day in 2017, making the U.S one of the major global crude oil exporters. Currently, the AsiaPacific region has replaced North America as the first major destination for U.S. crude oil exports. In light of future trends in the oil refining industry of the Asia-Pacific region, it will usher in a new wave of refinery operations around 2020 and crude oil imports will continue to grow rapidly. The American region, represented by the United States, will replace West Africa as the second largest source of crude oil imports to the Asia-Pacific region, and that energy trade cooperation between the Asia-Pacific region and the United States will continue to grow. In particular, for China, the United States will become an important source of crude oil imports for our country in the future, and the two countries will shift from the past of energy competition to energy cooperation. Sino-US energy trade will play a more active role in economic and trade cooperation between the two countries.展开更多
This article provides a new framework to evaluate the status of Renminbi internationalization.It proposes that the trading patterns of a currency in the global foreign exchange market embody the currency’s position i...This article provides a new framework to evaluate the status of Renminbi internationalization.It proposes that the trading patterns of a currency in the global foreign exchange market embody the currency’s position in the international monetary system.Based on foreign exchange trading data provided by CLS Group,the article constructs a ranking of major international currencies including the Renminbi.It finds that the Renminbi shares more similarities in foreign exchange trading patterns with the established global currencies like the US dollar and the Euro than with those regional currencies.The article also explores the policy implications that the new evaluation approach provides.展开更多
Last year, China's trade surplus totaled $101.9 billion, more than triple that of 2004, arousing great concern among its trade partners. According to statistics recently released by the General Administration of C...Last year, China's trade surplus totaled $101.9 billion, more than triple that of 2004, arousing great concern among its trade partners. According to statistics recently released by the General Administration of Customs, China's monthly trade surplus in January this year rose 46.7 percent from a year ago to $9.49 billion, while its total trade volume rose 26.8 percent year on year to $120.5 billion. Exports from China grew to $64.9 billion in January, a 28.1 percent rise over the same period last year, a...展开更多
Much more than comparative advantage and free markets have been at play in shaping China＇s export success. Government policies have helped nurture domestic capabilities in consumer electronics and other advanced area...Much more than comparative advantage and free markets have been at play in shaping China＇s export success. Government policies have helped nurture domestic capabilities in consumer electronics and other advanced areas that would most likely not have developed in their absence. As a result, China has ended up with an export basket that is significantly more sophisticated than what would be normally expected for a country at its income level. This has been an important determinant of China ＇s rapid growth. What matters for China＇s future growth is not the volume of exports, but whether China will continue to latch on to higher-income products over time.展开更多
Focused on life,consumption,and leisure,communities have been regarded as the basic unit of energy use in a city owing to rapid urbanization,whose energy use density continues to increase.Moreover,community integrated...Focused on life,consumption,and leisure,communities have been regarded as the basic unit of energy use in a city owing to rapid urbanization,whose energy use density continues to increase.Moreover,community integrated energy systems(CIESs)in the rapid development stage have become embedded,small,and self-sufficient energy ecosystems within cities because of their environmental and economic benefits.CIESs face a competitive energy trading environment that comprises numerous entities and complicated relationships.This paper presents an extensive review of various issues related to CIES trading.First,the concepts,types,and resources of CIESs are described.Second,the trading patterns and strategies of CIESs are reviewed from the four perspectives of the trading objects:community-to-peer(C2P),peer-to-peer(P2P),community-to-community(C2C),and community-to-grid(C2G).Third,a tri-layer trading framework and the features of CIESs that participate in combined multienergy markets are proposed.Last,the key issues in CIES trading are summarized.展开更多
文摘As a growing number of countries, including both developed and developing countries, have in recent yearstaken environmental regulation at different levels, a question of great concern has been raised: can the regulation alterthe existing trade volume and trade pattern, and ultimately drive pollution-intensive industries to countries with low-levelregulations or even those without regulations at all? Starting from the three different propositions concerning therelationship between environmental regulation and trade pattern, this paper applies cointegration analysis and errorcorrection model to empirically testing the relationship between environmental regulation and trade in China during theperiod of 1985-2005. Our empirical results indicate that in the short run the collection of pollution discharge fees bearsa positive impact on the export share of clean products of total exports. Thus, higher pollution discharge fees raise theratio of clean products exports to total exports. This further indicates that more stringent environmental regulationpromotes the exports of clean products. In the long run pollution discharge fees are positively correlated with the exportshare of clean products but negatively associated with their import share. Such correlations imply that environmentalregulation tends to facilitate the international specialization in line with comparative advantages.
文摘Since the mercantilism era, economists have built up trade theories to explain the rationale and patterns of world trade.In this paper, the explanatory power of the international product life cycle (IPLC) theory for describing the trends and patterns of the global textile trade, one of the most geographically dispersed export items in both developed and developing countries/regions, is discussed. Data at SITC two-digit level (SITC 65 ) were collected and time series regressions were performed to analyze the value trends and world shares of textile exports from 1990 to 2000 for selected developed economies. It was found that some developed economies have increased their world shares in textile exports, which indicated that global trade shift in the textile industry may not follow what the IPLC has suggested.
文摘In coping with the global financial crisis, all levels of the Chinese government and foreign trade firms have not only created new practices but have also changed their goal from transforming the growth pattern of foreign trade to transforming the development pattern of joreign trade. China＇s experience shows that economic instruments such as Net Barter Terms of Trade （NBTT） and the smile curve theory have limitations when it comes to interpreting foreign trade. If used improperly, scientific theories often lead to.fallacies. Transjbrming the development pattern of China＇s .foreign trade requires the following changes： national income distribution, foreign trade competition, market exploration, and resource utilization. We advise that competent authorities create a reasonable and operational system of assessment indicators.
文摘With the economic integration all over the world, it is necessary to establish the free trade area of central Asia, including Xinjiang. This paper analyses the demands on establishing free trade area in central Asia. According to the present statues of Xinjiang and five countries of central Asia, the developmental patterns are suggested. Furthermore, some policies and suggestions are proposed about the existing problems.
文摘At the end of 2015, the United States lifted a 40-year ban on crude oil exports, which has far-reaching implications for the global crude oil market and crude oil trade patterns. Since the release of crude oil exports, with the recovery of crude oil production and improved export infrastructure in the United States, U.S. crude oil exports have been growing rapidly, with an average of about one million barrels/day in 2017, making the U.S one of the major global crude oil exporters. Currently, the AsiaPacific region has replaced North America as the first major destination for U.S. crude oil exports. In light of future trends in the oil refining industry of the Asia-Pacific region, it will usher in a new wave of refinery operations around 2020 and crude oil imports will continue to grow rapidly. The American region, represented by the United States, will replace West Africa as the second largest source of crude oil imports to the Asia-Pacific region, and that energy trade cooperation between the Asia-Pacific region and the United States will continue to grow. In particular, for China, the United States will become an important source of crude oil imports for our country in the future, and the two countries will shift from the past of energy competition to energy cooperation. Sino-US energy trade will play a more active role in economic and trade cooperation between the two countries.
文摘This article provides a new framework to evaluate the status of Renminbi internationalization.It proposes that the trading patterns of a currency in the global foreign exchange market embody the currency’s position in the international monetary system.Based on foreign exchange trading data provided by CLS Group,the article constructs a ranking of major international currencies including the Renminbi.It finds that the Renminbi shares more similarities in foreign exchange trading patterns with the established global currencies like the US dollar and the Euro than with those regional currencies.The article also explores the policy implications that the new evaluation approach provides.
文摘Last year, China's trade surplus totaled $101.9 billion, more than triple that of 2004, arousing great concern among its trade partners. According to statistics recently released by the General Administration of Customs, China's monthly trade surplus in January this year rose 46.7 percent from a year ago to $9.49 billion, while its total trade volume rose 26.8 percent year on year to $120.5 billion. Exports from China grew to $64.9 billion in January, a 28.1 percent rise over the same period last year, a...
基金This is a paperprepared for the project on "China and the Global Economy 2010" of the China Economic Research andAdvisory Program. I am indebted to Edwin Lim for his guidance and comments, and to the Program forfinancial support
文摘Much more than comparative advantage and free markets have been at play in shaping China＇s export success. Government policies have helped nurture domestic capabilities in consumer electronics and other advanced areas that would most likely not have developed in their absence. As a result, China has ended up with an export basket that is significantly more sophisticated than what would be normally expected for a country at its income level. This has been an important determinant of China ＇s rapid growth. What matters for China＇s future growth is not the volume of exports, but whether China will continue to latch on to higher-income products over time.
基金supported by the National Key Research and Development Program of China(No.2017YFA0700300)Natural Science Research Start-up Foundation of Recruiting Talents of Nanjing University of Posts and Telecommunications(No.NY221124).
文摘Focused on life,consumption,and leisure,communities have been regarded as the basic unit of energy use in a city owing to rapid urbanization,whose energy use density continues to increase.Moreover,community integrated energy systems(CIESs)in the rapid development stage have become embedded,small,and self-sufficient energy ecosystems within cities because of their environmental and economic benefits.CIESs face a competitive energy trading environment that comprises numerous entities and complicated relationships.This paper presents an extensive review of various issues related to CIES trading.First,the concepts,types,and resources of CIESs are described.Second,the trading patterns and strategies of CIESs are reviewed from the four perspectives of the trading objects:community-to-peer(C2P),peer-to-peer(P2P),community-to-community(C2C),and community-to-grid(C2G).Third,a tri-layer trading framework and the features of CIESs that participate in combined multienergy markets are proposed.Last,the key issues in CIES trading are summarized.
