This study utilizes panel data from 293 Chinese cities at the prefecture level or above,spanning from 2013 to 2022,to empirically examine the net effects and underlying mechanisms of establishing pilot free trade zone...This study utilizes panel data from 293 Chinese cities at the prefecture level or above,spanning from 2013 to 2022,to empirically examine the net effects and underlying mechanisms of establishing pilot free trade zones(FTZs)on integration into the digital global value chain(DGVC).The results demonstrate that the establishment of pilot FTZs positively promotes integration into the DGVC and generates a spatial spillover effect.Compared to coastal areas and small-and medium-sized cities,pilot FTZs have a more significant impact on the integration of inland regions and large cities into the DGVC.Mechanism tests reveal that pilot FTZs drive integration into the DGVC primarily by promoting digital industry agglomeration and enhancing the technological content of exports.Furthermore,bilateral foreign direct investment and digital trade rules positively amplify the impact of pilot FTZs on integration into the DGVC.Therefore,this study recommends comprehensively deepening the development of pilot FTZs,consistently enhancing the technological content of exports,and proactively establishing a sound digital trade regulatory framework.These recommendations offer valuable insights for DGVC integration and the construction of a high-standard free trade network.展开更多
From the Caoqiao Subway Station in southwest Beijing,it takes only 20 minutes to get to the Beijing Daxing International Airport which is located in the junction between Daxing District and Hebei Province.With this ne...From the Caoqiao Subway Station in southwest Beijing,it takes only 20 minutes to get to the Beijing Daxing International Airport which is located in the junction between Daxing District and Hebei Province.With this new state-of-the-art airport,which is part of the China(Hebei) Pilot Free Trade Zone(FTZ),the FTZ has become the latest test field for opening up in north China.展开更多
ECONOMY CONTINUES STEADY RECOVERYChina＇s consumer inflation picked up in September, with the Consumer Price Index （CPI） risin8 3.1 percent year on year, its fastest pace in seven months （see Chart 1）. Even with t...ECONOMY CONTINUES STEADY RECOVERYChina＇s consumer inflation picked up in September, with the Consumer Price Index （CPI） risin8 3.1 percent year on year, its fastest pace in seven months （see Chart 1）. Even with the latest increase, policy makers are still on tarset to keep the consumer inflation rate within about 3.5 percent this year. The CPI increase was mostly due to seasonal factors pushin8 food prices hisher, with fresh vesetable prices sursin8 18.9 percent. Meanwhile,展开更多
Growth Forecast The World Bank cut its growth forecast for developing economies in East Asia and the Pacific region as a whole in 2013 to 7.1 percent from the previous forecast of 7.B percent, according to a report th...Growth Forecast The World Bank cut its growth forecast for developing economies in East Asia and the Pacific region as a whole in 2013 to 7.1 percent from the previous forecast of 7.B percent, according to a report the bank released in October. ＂Growth in China is expected to meet the official indicative tar- get of 7.5 percent this year. The short-term outlook is improving as industrial produc- tion data suggests further strengthen- ing of output in the third quarter,＂ said the report. China is likely to see further rebalancing of its economy by slowing credit growth and investment, although the pacing is likely to depend on overall growth, it said.展开更多
WANG Xianlong didn＇t expect it would take only five working days to register his business, an outdoor products company based in Yiwu, a city in east China＇s Zhejiang Province. ＂Previously, getting administrative ap...WANG Xianlong didn＇t expect it would take only five working days to register his business, an outdoor products company based in Yiwu, a city in east China＇s Zhejiang Province. ＂Previously, getting administrative approval used to take at least three weeks.＂ Wang said. ＂1 would have to go back and forth between several government departments. But now, the Yiwu Administration Service Center offers a onestop service for enterprises. It＇s much faster.＂展开更多
CHINA Ivory Trade Ban The doors to the ivory trade in China closed on December 31,2017.China honors its commit ment to cease the commercial processing and sales of ivory by the end of 2017,
基金supported by the Key Project of the Hainan Province Marxist Theory Research and Development Program,titled“Research on the Opportunities and Challenges of the Digital Economy Partnership Agreement(DEPA)for the Construction of the Hainan Free Trade Port”(Grant Number:2023HNMGC02).
文摘This study utilizes panel data from 293 Chinese cities at the prefecture level or above,spanning from 2013 to 2022,to empirically examine the net effects and underlying mechanisms of establishing pilot free trade zones(FTZs)on integration into the digital global value chain(DGVC).The results demonstrate that the establishment of pilot FTZs positively promotes integration into the DGVC and generates a spatial spillover effect.Compared to coastal areas and small-and medium-sized cities,pilot FTZs have a more significant impact on the integration of inland regions and large cities into the DGVC.Mechanism tests reveal that pilot FTZs drive integration into the DGVC primarily by promoting digital industry agglomeration and enhancing the technological content of exports.Furthermore,bilateral foreign direct investment and digital trade rules positively amplify the impact of pilot FTZs on integration into the DGVC.Therefore,this study recommends comprehensively deepening the development of pilot FTZs,consistently enhancing the technological content of exports,and proactively establishing a sound digital trade regulatory framework.These recommendations offer valuable insights for DGVC integration and the construction of a high-standard free trade network.
文摘From the Caoqiao Subway Station in southwest Beijing,it takes only 20 minutes to get to the Beijing Daxing International Airport which is located in the junction between Daxing District and Hebei Province.With this new state-of-the-art airport,which is part of the China(Hebei) Pilot Free Trade Zone(FTZ),the FTZ has become the latest test field for opening up in north China.
文摘ECONOMY CONTINUES STEADY RECOVERYChina＇s consumer inflation picked up in September, with the Consumer Price Index （CPI） risin8 3.1 percent year on year, its fastest pace in seven months （see Chart 1）. Even with the latest increase, policy makers are still on tarset to keep the consumer inflation rate within about 3.5 percent this year. The CPI increase was mostly due to seasonal factors pushin8 food prices hisher, with fresh vesetable prices sursin8 18.9 percent. Meanwhile,
文摘Growth Forecast The World Bank cut its growth forecast for developing economies in East Asia and the Pacific region as a whole in 2013 to 7.1 percent from the previous forecast of 7.B percent, according to a report the bank released in October. ＂Growth in China is expected to meet the official indicative tar- get of 7.5 percent this year. The short-term outlook is improving as industrial produc- tion data suggests further strengthen- ing of output in the third quarter,＂ said the report. China is likely to see further rebalancing of its economy by slowing credit growth and investment, although the pacing is likely to depend on overall growth, it said.
文摘WANG Xianlong didn＇t expect it would take only five working days to register his business, an outdoor products company based in Yiwu, a city in east China＇s Zhejiang Province. ＂Previously, getting administrative approval used to take at least three weeks.＂ Wang said. ＂1 would have to go back and forth between several government departments. But now, the Yiwu Administration Service Center offers a onestop service for enterprises. It＇s much faster.＂
文摘CHINA Ivory Trade Ban The doors to the ivory trade in China closed on December 31,2017.China honors its commit ment to cease the commercial processing and sales of ivory by the end of 2017,
