We study the dividend optimization problem for an insurance company under the consideration of internal competition between different units inside company and transaction costs when dividends occur. The management of ...We study the dividend optimization problem for an insurance company under the consideration of internal competition between different units inside company and transaction costs when dividends occur. The management of the company controls the reinsurance rate, the timing and the amount of dividends paid out to maximize the expected total dividends paid out to the shareholders until ruin time. By solving the corresponding quasi-variational inequality, we obtain the optimal return function and the optimal strategy.展开更多
This paper considers the dividend optimization problem for an insurance company under the consideration of internal competition between different units inside the company. The objective is to find a reinsurance policy...This paper considers the dividend optimization problem for an insurance company under the consideration of internal competition between different units inside the company. The objective is to find a reinsurance policy and a dividend payment scheme so as to maximize the expected discounted value of the dividend payment, and the expected present value of an amount which the insurer earns until the time of ruin. By solving the corresponding constrained Hamilton-Jacobi-Bellman （HJB） equation, we obtain the value function and the optimal reinsurance policy and dividend payment.展开更多
The third International Standardization Youth Star Competition is held in Qingdao.We are very pleased to see that 236 teams from renowned domestic universities are actively participating in the competition.ISO has als...The third International Standardization Youth Star Competition is held in Qingdao.We are very pleased to see that 236 teams from renowned domestic universities are actively participating in the competition.ISO has also sent a representative to Qingdao,demonstrating its high level of attention and support for the competition.展开更多
China Standardization:What is your view on this year's International Standardization Youth Star Competition?Tom Heilandt:This is the first time I have attended this event,which was founded by my good friend Dr.Zha...China Standardization:What is your view on this year's International Standardization Youth Star Competition?Tom Heilandt:This is the first time I have attended this event,which was founded by my good friend Dr.Zhang Xiaogang,whom I first met in 2016 when he was President of ISO.It is an excellent initiative.I strongly believe that it is essential for young people to become involved in standardization.展开更多
The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb t...The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb the ladder in the international division of labor.As the primary production forces,science and technology are the main drivers behind such change.As new technologies give rise to new industries and restructure the international division of labor,developed countries strive to enhance the protection of their intellectual property rights(IPR)and safeguard their monopoly over core technologies.For developed countries,technological prowess holds the key to their supremacy in the global supply chain and international relations.The 19 th CPC National Congress makes clear the overarching goal in the new era is to rejuvenate the Chinese nation and turn China into a strong modern country.As an important material condition for achieving this goal,China must transition from being medium-and low-end links in the international division of labor to becoming high-end links.In this process,China will encounter backlash from developed countries that lead in the international division of labor.The recent China-US tussle over trade in high-tech goods is a case in point,and should be viewed through the lens of the relations of production and the international division of labor.The insights thus achieved will be of great significance to China’s future development.展开更多
Biochemical parameters are useful in the diagnosis of many health abnormalities in athletes. Some studies suggest training well and eating a balanced diet to improve performance. The modification of biochemical parame...Biochemical parameters are useful in the diagnosis of many health abnormalities in athletes. Some studies suggest training well and eating a balanced diet to improve performance. The modification of biochemical parameters during endurance races has not yet been studied in many African countries. Our objective was to evaluate the dietary profile and the effects of competition on the biochemical parameters of Congolese endurance athletes. The method used was the questionnaire for the food profile and blood samples were taken to measure the biochemical parameters of the athletes. A total of 64 athletes, i.e. 20 girls and 44 boys divided into two groups (group 1 or experimental group (EG), 32 endurance athletes and group 2 or control group (CG), 32 walkers who participated in a cross-sectional study in Brazzaville. The subjects were respectively 26.16 ± 2.79 years old for the EG and 27.44 ± 3.34 years old for the CG. The results indicated that quality foods were difficult to access. The main course was more consumed compared to the starter and dessert (60% of girls and 63.63 of boys). However, biochemical parameters showed a significantly lower serum creatinine concentration in EG subjects compared to CG subjects (0.86 ± 0.06 mg/dl vs 1.04 ± 0.16 mg/dl;t = ?5.95;p 0.05). Similarly, Total Cholesterol was significantly low (1.66 ± 0.34 g/l vs 2.09 ± 0.50 g/l;t = ?3.99;p < 0.000). Cholesterol concentrations of EG subjects (HDL-C) were significantly elevated (0.98 ± 0.49 g/l vs 0.48 ± 0.18 g/l;t = 5.34;p < 0.000). In conclusion, the biochemical data were normal but the food profile of the runners was unfavorable, inadequate and unbalanced. This is considered to be a performance limiting factor.展开更多
On April 13,1996,the 4th Brother CupChina International Garment YouthDesigners Competition was held inBeijing.The final competition was attendedby 36 young designers from 18 countries andregions,including the UK,Franc...On April 13,1996,the 4th Brother CupChina International Garment YouthDesigners Competition was held inBeijing.The final competition was attendedby 36 young designers from 18 countries andregions,including the UK,France,Japan,Germany,Italy,Spain,Canada,Finland,India,the US,Russia,Singapore,Malaysia,Honduras,Niger and Hongkong.展开更多
Digital technology and the digital economy are at the forefront of the global technological revolution and industrial transformation.They are profoundly reshaping the international landscape of competition and restruc...Digital technology and the digital economy are at the forefront of the global technological revolution and industrial transformation.They are profoundly reshaping the international landscape of competition and restructuring the world economy.Major countries and economies around the globe are increasingly competing on digital technology and the digital economy,striving to secure a strategic advantage in the new round of international competition and establish a strong position in the evolving international order.展开更多
At present,momentous changes not seen in a century are accelerating across the world.Our world,our times and the history are changing in ways like never before."International competition and frictions are intensi...At present,momentous changes not seen in a century are accelerating across the world.Our world,our times and the history are changing in ways like never before."International competition and frictions are intensifying,geopolitical manoeuvring has grown more pronounced,and trust and cooperation in the international community are being undermined"China,as a responsible major country.展开更多
Football is a popular sport all over the world,and it also has a large number of fans in China.However,in many international competitions,the Chinese team often fails to achieve the expected results.This situation mak...Football is a popular sport all over the world,and it also has a large number of fans in China.However,in many international competitions,the Chinese team often fails to achieve the expected results.This situation makes its fans very disappointed.But we should also see that the Chinese football community is making efforts to improve the situation.展开更多
In the context of accelerated globalization and the rapid development of the digital economy,the scale of China's import and export trade continues to expand.Enhancing the international competitiveness of China...In the context of accelerated globalization and the rapid development of the digital economy,the scale of China's import and export trade continues to expand.Enhancing the international competitiveness of China's digital service trade is of significant importance.This article will analyze the current state of China's digital service trade development based on relevant theoretical concepts and provide a discussion on proposals for improving the international competitiveness of China's digital service trade,to offer a reference for the development of digital service trade in China.展开更多
[Objective] The aim was to make a comprehensive evaluation and explore strategies on fishery development. [Method] Fishery development in China was analyzed and concerning evaluation system was established based on it...[Objective] The aim was to make a comprehensive evaluation and explore strategies on fishery development. [Method] Fishery development in China was analyzed and concerning evaluation system was established based on its development stage, international competiveness and exportation. In addition, a comprehensive evaluation was made on fishery and countermeasures were proposed considering from government, department of quality control, fishery guild, producing and processing enterprises. [Result] Although progresses have been made in fishery in China, some problems still exist, such as overdose of drug residues, overloading breeding, lower additional value of products, and fewer excellent and famous products. Hence, local governments should give much support to fishery and enhance competitiveness to improve the products in global market; departments of quality control should strengthen supervision and management on fishery products against technical trade barriers; fishery guilds or researching institutions should provide technical support for concerning breeding and processing which should be mainly relied on science and technology. [Conclusion] The research provided references for fishery development.展开更多
Shift-share analysis has been confirmed a useful approach in the study of regional economics and many kinds of extended shift-share models have been advanced and put into practice in economic studies, but few have hit...Shift-share analysis has been confirmed a useful approach in the study of regional economics and many kinds of extended shift-share models have been advanced and put into practice in economic studies, but few have hitherto been introduced and applied to the tourism research in China. Moreover understanding the spatially competitive relationship is of paramount importance for marketers, developers, and planners involved in tourism strategy development. Based on international tourism receipts from 1995 to 2004, this study aims at probing into the spatial competitiveness of interna- tional tourism in Jiangsu Province in comparison with its neighbors by applying a spatially extended shift-share model and a modified dynamic shift-share model. The empirical results illustrate that exceptional years may exist in the ap- plication of dynamic shift-share models. To solve this issue, modifications to dynamic shift-share model are put forward. The analytical results are not only presented but also explained by the comparison of background conditions of tourism development between Jiangsu and its key competitors. The conclusions can be drawn that the growth of international tourism receipts in Jiangsu mainly attributes to the national component and the competitive component and Zhejiang is the most important rival to Jiangsu during the period of 1995-2004. In order to upgrade the tourism competitiveness, it is indispensable for Jiangsu to take proper positioning, promoting and marketing strategies and to cooperate and integrate with its main rivals.展开更多
A greater focus of environmental protection is directed toward environmental regulations in China. This paper focuses on environmental regulations and their impact on textile industry. The academic circle does not rea...A greater focus of environmental protection is directed toward environmental regulations in China. This paper focuses on environmental regulations and their impact on textile industry. The academic circle does not reach a consensus on the relationship between environmental regulations and international competitiveness. Some hold the view that environmental regulations lower international competitiveness while others think that environmental regulations improve both environment and economic performance. This paper aims to analyze the impact of the environmental regulations on the international competitiveness of textile industry in China. This study starts with theories relative to this subject; the second part, based on the impact mechanism of environmental regulations on competitiveness, analyzes the environmental impact on textile from the perspective of cost and market. The conceptual exploration comes to the conclusion that environmental regulations make a negative impact on the international competitiveness on the cost side and improve it by means ofinnovation and product differentiation on market side; the third part gives time series evidence to examine the impact. In this part the Pearson Correlation Analysis is conducted based on the data of China's textile industry of the period from 1991 to 2005. It turns out to prove that the negative environmental impact on cost side exceeds the positive environmental impact on market side, namely, environmental regulations deteriorate the international competitiveness in textile industry as a whole during the inspected period.展开更多
Relying on cheap labor cost advantage,China is locked in the low-end processing link of the global value chain and obtains a lower profit share.With the deepening of the international division of labor,changes in the ...Relying on cheap labor cost advantage,China is locked in the low-end processing link of the global value chain and obtains a lower profit share.With the deepening of the international division of labor,changes in the distribution of national interests and the spread of anti-globalization in some developed countries,the global value chain is undergoing a new round of large-scale reconstruction and emerging economies are trying to penetrate and extend to the high end of the global value chain.Based on the theory of industrial upgrading and global value chain,this paper focuses on the current development of Chinese apparel industry,the mechanism,development and problems of global value chain reconstruction,analyzes the relevant elements in the apparel industry value chain reconstruction,and proposes the application of data envelopment analysis(DEA)competitiveness model in the value chain reconstruction of apparel enterprises.We use the CCR(C2R)model to simulate the improvement of production efficiency.Finally,we put forward corresponding countermeasures and suggestions for the value chain reconstruction from the perspective of improving product competitiveness.展开更多
基金Supported by the National Natural Science Foundation of China(11371284)
文摘We study the dividend optimization problem for an insurance company under the consideration of internal competition between different units inside company and transaction costs when dividends occur. The management of the company controls the reinsurance rate, the timing and the amount of dividends paid out to maximize the expected total dividends paid out to the shareholders until ruin time. By solving the corresponding quasi-variational inequality, we obtain the optimal return function and the optimal strategy.
基金Supported by the National Natural Science Foundation of China(No.10971157)the Natural Science Foundation of Xinjiang University(No.BS100102)
文摘This paper considers the dividend optimization problem for an insurance company under the consideration of internal competition between different units inside the company. The objective is to find a reinsurance policy and a dividend payment scheme so as to maximize the expected discounted value of the dividend payment, and the expected present value of an amount which the insurer earns until the time of ruin. By solving the corresponding constrained Hamilton-Jacobi-Bellman （HJB） equation, we obtain the value function and the optimal reinsurance policy and dividend payment.
文摘The third International Standardization Youth Star Competition is held in Qingdao.We are very pleased to see that 236 teams from renowned domestic universities are actively participating in the competition.ISO has also sent a representative to Qingdao,demonstrating its high level of attention and support for the competition.
文摘China Standardization:What is your view on this year's International Standardization Youth Star Competition?Tom Heilandt:This is the first time I have attended this event,which was founded by my good friend Dr.Zhang Xiaogang,whom I first met in 2016 when he was President of ISO.It is an excellent initiative.I strongly believe that it is essential for young people to become involved in standardization.
文摘The power and interest of industrial manufacturers are determined by their status in the relations of production.At the international level,countries see their economic and political status rise only when they climb the ladder in the international division of labor.As the primary production forces,science and technology are the main drivers behind such change.As new technologies give rise to new industries and restructure the international division of labor,developed countries strive to enhance the protection of their intellectual property rights(IPR)and safeguard their monopoly over core technologies.For developed countries,technological prowess holds the key to their supremacy in the global supply chain and international relations.The 19 th CPC National Congress makes clear the overarching goal in the new era is to rejuvenate the Chinese nation and turn China into a strong modern country.As an important material condition for achieving this goal,China must transition from being medium-and low-end links in the international division of labor to becoming high-end links.In this process,China will encounter backlash from developed countries that lead in the international division of labor.The recent China-US tussle over trade in high-tech goods is a case in point,and should be viewed through the lens of the relations of production and the international division of labor.The insights thus achieved will be of great significance to China’s future development.
文摘Biochemical parameters are useful in the diagnosis of many health abnormalities in athletes. Some studies suggest training well and eating a balanced diet to improve performance. The modification of biochemical parameters during endurance races has not yet been studied in many African countries. Our objective was to evaluate the dietary profile and the effects of competition on the biochemical parameters of Congolese endurance athletes. The method used was the questionnaire for the food profile and blood samples were taken to measure the biochemical parameters of the athletes. A total of 64 athletes, i.e. 20 girls and 44 boys divided into two groups (group 1 or experimental group (EG), 32 endurance athletes and group 2 or control group (CG), 32 walkers who participated in a cross-sectional study in Brazzaville. The subjects were respectively 26.16 ± 2.79 years old for the EG and 27.44 ± 3.34 years old for the CG. The results indicated that quality foods were difficult to access. The main course was more consumed compared to the starter and dessert (60% of girls and 63.63 of boys). However, biochemical parameters showed a significantly lower serum creatinine concentration in EG subjects compared to CG subjects (0.86 ± 0.06 mg/dl vs 1.04 ± 0.16 mg/dl;t = ?5.95;p 0.05). Similarly, Total Cholesterol was significantly low (1.66 ± 0.34 g/l vs 2.09 ± 0.50 g/l;t = ?3.99;p < 0.000). Cholesterol concentrations of EG subjects (HDL-C) were significantly elevated (0.98 ± 0.49 g/l vs 0.48 ± 0.18 g/l;t = 5.34;p < 0.000). In conclusion, the biochemical data were normal but the food profile of the runners was unfavorable, inadequate and unbalanced. This is considered to be a performance limiting factor.
文摘On April 13,1996,the 4th Brother CupChina International Garment YouthDesigners Competition was held inBeijing.The final competition was attendedby 36 young designers from 18 countries andregions,including the UK,France,Japan,Germany,Italy,Spain,Canada,Finland,India,the US,Russia,Singapore,Malaysia,Honduras,Niger and Hongkong.
文摘Digital technology and the digital economy are at the forefront of the global technological revolution and industrial transformation.They are profoundly reshaping the international landscape of competition and restructuring the world economy.Major countries and economies around the globe are increasingly competing on digital technology and the digital economy,striving to secure a strategic advantage in the new round of international competition and establish a strong position in the evolving international order.
文摘At present,momentous changes not seen in a century are accelerating across the world.Our world,our times and the history are changing in ways like never before."International competition and frictions are intensifying,geopolitical manoeuvring has grown more pronounced,and trust and cooperation in the international community are being undermined"China,as a responsible major country.
文摘Football is a popular sport all over the world,and it also has a large number of fans in China.However,in many international competitions,the Chinese team often fails to achieve the expected results.This situation makes its fans very disappointed.But we should also see that the Chinese football community is making efforts to improve the situation.
文摘In the context of accelerated globalization and the rapid development of the digital economy,the scale of China's import and export trade continues to expand.Enhancing the international competitiveness of China's digital service trade is of significant importance.This article will analyze the current state of China's digital service trade development based on relevant theoretical concepts and provide a discussion on proposals for improving the international competitiveness of China's digital service trade,to offer a reference for the development of digital service trade in China.
文摘[Objective] The aim was to make a comprehensive evaluation and explore strategies on fishery development. [Method] Fishery development in China was analyzed and concerning evaluation system was established based on its development stage, international competiveness and exportation. In addition, a comprehensive evaluation was made on fishery and countermeasures were proposed considering from government, department of quality control, fishery guild, producing and processing enterprises. [Result] Although progresses have been made in fishery in China, some problems still exist, such as overdose of drug residues, overloading breeding, lower additional value of products, and fewer excellent and famous products. Hence, local governments should give much support to fishery and enhance competitiveness to improve the products in global market; departments of quality control should strengthen supervision and management on fishery products against technical trade barriers; fishery guilds or researching institutions should provide technical support for concerning breeding and processing which should be mainly relied on science and technology. [Conclusion] The research provided references for fishery development.
基金Under the auspices of the National Natural Science Foundation of China (No. 40371030)
文摘Shift-share analysis has been confirmed a useful approach in the study of regional economics and many kinds of extended shift-share models have been advanced and put into practice in economic studies, but few have hitherto been introduced and applied to the tourism research in China. Moreover understanding the spatially competitive relationship is of paramount importance for marketers, developers, and planners involved in tourism strategy development. Based on international tourism receipts from 1995 to 2004, this study aims at probing into the spatial competitiveness of interna- tional tourism in Jiangsu Province in comparison with its neighbors by applying a spatially extended shift-share model and a modified dynamic shift-share model. The empirical results illustrate that exceptional years may exist in the ap- plication of dynamic shift-share models. To solve this issue, modifications to dynamic shift-share model are put forward. The analytical results are not only presented but also explained by the comparison of background conditions of tourism development between Jiangsu and its key competitors. The conclusions can be drawn that the growth of international tourism receipts in Jiangsu mainly attributes to the national component and the competitive component and Zhejiang is the most important rival to Jiangsu during the period of 1995-2004. In order to upgrade the tourism competitiveness, it is indispensable for Jiangsu to take proper positioning, promoting and marketing strategies and to cooperate and integrate with its main rivals.
文摘A greater focus of environmental protection is directed toward environmental regulations in China. This paper focuses on environmental regulations and their impact on textile industry. The academic circle does not reach a consensus on the relationship between environmental regulations and international competitiveness. Some hold the view that environmental regulations lower international competitiveness while others think that environmental regulations improve both environment and economic performance. This paper aims to analyze the impact of the environmental regulations on the international competitiveness of textile industry in China. This study starts with theories relative to this subject; the second part, based on the impact mechanism of environmental regulations on competitiveness, analyzes the environmental impact on textile from the perspective of cost and market. The conceptual exploration comes to the conclusion that environmental regulations make a negative impact on the international competitiveness on the cost side and improve it by means ofinnovation and product differentiation on market side; the third part gives time series evidence to examine the impact. In this part the Pearson Correlation Analysis is conducted based on the data of China's textile industry of the period from 1991 to 2005. It turns out to prove that the negative environmental impact on cost side exceeds the positive environmental impact on market side, namely, environmental regulations deteriorate the international competitiveness in textile industry as a whole during the inspected period.
基金Shanghai Municipal People's Government Development Research Center, China(No. 2017-YJ-M06)。
文摘Relying on cheap labor cost advantage,China is locked in the low-end processing link of the global value chain and obtains a lower profit share.With the deepening of the international division of labor,changes in the distribution of national interests and the spread of anti-globalization in some developed countries,the global value chain is undergoing a new round of large-scale reconstruction and emerging economies are trying to penetrate and extend to the high end of the global value chain.Based on the theory of industrial upgrading and global value chain,this paper focuses on the current development of Chinese apparel industry,the mechanism,development and problems of global value chain reconstruction,analyzes the relevant elements in the apparel industry value chain reconstruction,and proposes the application of data envelopment analysis(DEA)competitiveness model in the value chain reconstruction of apparel enterprises.We use the CCR(C2R)model to simulate the improvement of production efficiency.Finally,we put forward corresponding countermeasures and suggestions for the value chain reconstruction from the perspective of improving product competitiveness.
