On July 20th, a signing ceremony between Setcore Group, Egypt represented by Mr. Tamer Nassar-Chairman of Group and the World Trade & Commerce Center, Dongyang-China represented by Mr. Jiang Yuejin-Mayor of Dongya...On July 20th, a signing ceremony between Setcore Group, Egypt represented by Mr. Tamer Nassar-Chairman of Group and the World Trade & Commerce Center, Dongyang-China represented by Mr. Jiang Yuejin-Mayor of Dongyang City was held at the Marriott Hotel in Zamalek-Cairo. This was win-win cooperation and exerted great significances on both sides. In this event, they exchange ideas on the economic issues of common concerned and signed a memorandum of understanding as well.展开更多
Under the background of China's accelerating high-quality development,whether expanding domestic demand can promote the improvement of the core competitiveness of local enterprises is still lacking support of theo...Under the background of China's accelerating high-quality development,whether expanding domestic demand can promote the improvement of the core competitiveness of local enterprises is still lacking support of theoretical and empirical evidence.Using micro-data at the level of Chinese industrial enterprises,this paper empirically examines the impact mechanism and effect of domestic market demand on the enhancement of local enterprises'core competitiveness.The research shows the following three findings.First,domestic market demand will help local enterprises to increase investment in R&D and design and brand marketing,so as to promote value-added activities to shift from tangible activities in production to intangible activities before and after production,thereby improving their own core competitiveness.Second,further deconstructing market competition factors from the perspective of ownership shows that,driven by domestic market demand,non-state-owned enterprises can enhance their core competitiveness better than state-owned enterprises.Third,China's regional industrial distribution and development have the typical echelon characteristics,which leads to the geographical heterogeneity of the promotion effect of domestic market demand on the local enterprises to enhance their core competitiveness,showing a ladder-type declining trend from the east to the middle and then to the west.These findings provide a useful decision-making reference for better implementation of the strategy of expanding domestic demand under the background of accelerating the construction of a new developmentpattern.展开更多
As the Sarawak state government accelerates infrastructure development to stimulate economic growth,it has attracted numerous foreign construction enterprises-particularly Chinese firms-entering the market through low...As the Sarawak state government accelerates infrastructure development to stimulate economic growth,it has attracted numerous foreign construction enterprises-particularly Chinese firms-entering the market through low-cost bidding.However,this foreign-dominated model,while improving efficiency,has triggered local enterprise marginalization,industrial chain fragmentation,payment delays,and project setbacks,undermining the intended economic spillover effects of public investment.Grounded in policy analysis and field evidence within a dependency theory framework,this study evaluates the structural impacts of foreign participation on Sarawak’s local economy,uncovers governance gaps,and proposes strategies to enhance local economic resilience under open-market conditions.The findings reveal that foreign contractors(especially Chinese enterprises),despite their capital and technological advantages in dominating mega-projects,exhibit pervasive shortcomings:inadequate local participation(falling far below the 40%policy target),deficient knowledge transfer(local firms hold only 6%of green technology patents),significant value leakage(foreign profit repatriation dominated project value flows),and widespread execution delays/cost overruns due to underestimation of tropical climate-geological risks,institutional maladaptation,and resource misallocation.Drawing on experiences from the Philippines,Indonesia,and Vietnam,the study proposes systemic reforms:introducing a Low-Bid Risk Evaluation System(LRES),enforcing a mandatory Local Participation Index(LPI),establishing a Smart-Contract-Based Digital Payment Chain System(DPCS)to protect subcontractors,and requiring pre-bid local adaptation training for foreign contractors.These recommendations aim to construct“embedded institutional resilience,”transforming policy intent into executable governance mechanisms to ensure infrastructure investment genuinely serves Sarawak’s inclusive and sustainable growth.展开更多
*Newly-built joint ventures engaged in new and high technological enterprises shall enjoy a 15 percent reduction of income tax for two years, or a 24 percent reduction for two years and a 50 percent reduction in the f...*Newly-built joint ventures engaged in new and high technological enterprises shall enjoy a 15 percent reduction of income tax for two years, or a 24 percent reduction for two years and a 50 percent reduction in the following three years. A choice between the two may be decided by the said enterprises. **Service industry, those enterprises with a foreign capital of more than US$5 million shall be exempt from the tax展开更多
This paper provides a comprehensive reflection on the evolution of globalization research in the Pearl River Delta(PRD),considering the current international context and national strategies.It identifies several chall...This paper provides a comprehensive reflection on the evolution of globalization research in the Pearl River Delta(PRD),considering the current international context and national strategies.It identifies several challenges in existing studies,such as the ambiguity of globalization patterns and the insufficient representativeness of key indicators.In response to these challenges,this paper draws upon the theory of strategic coupling to propose a new theoretical framework for analyzing globalization in latecomer regions.Based on the concepts of spatial stickiness and locational advantages,this paper further develops a two-dimensional quantitative indicator matrix.Using the PRD as a case study,it conducts empirical measurements and analysis,leading to three main conclusions.First,the theory of strategic coupling proves well-suited for analyzing the globalization of latecomer regions,exemplified by the PRD.It offers a more systematic,clearer,and more robust explanatory framework compared to traditional measurement methods.Second,the empirical analysis from the PRD reveals that the pattern of regional globalization does not follow a simple linear growth or cyclical model.Instead,it exhibits a circuitous,complex,and upward spiral,unfolding along an S-shaped evolutionary trajectory.Third,through comparisons of the eastern and western shores,as well as segmented city analyses,this study finds that locational advantages significantly shape the evolutionary pattern of globalization.This influence is not only apparent during the region's initial take-off phase but also plays a more profound role in shaping its subsequent developmental trajectory.This study makes a distinctive contribution to both the theoretical understanding of globalization in latecomer regions and the practical field of regional economic development in China.Additionally,it introduces a novel measurement approach for studying regional globalization.展开更多
In this paper, we use A-share listed firms between 2002 and 2010 to investigate the relationship between local fiscal distress and the investment efficiency of local SOEs, along with the effect of corporate tax paymen...In this paper, we use A-share listed firms between 2002 and 2010 to investigate the relationship between local fiscal distress and the investment efficiency of local SOEs, along with the effect of corporate tax payments on this relationship. We find a positive relationship between the extent of local SOEs' overinvestment and the fiscal distress of the corresponding local government where the enterprise and this relationship become stronger for firms that pay fewer taxes. The pattern of underinvestment among local SOEs was in contrast,and these relationships do not exist for non-SOEs or central SOEs. Moreover,we find that expanding a firm's investment scale leads to an increase in total taxes paid, including income and turnover taxes, which further result in more local fiscal revenue. Overall, we conclude that local governments have an incentive to increase fiscal revenue when faced with fiscal distress by raising the investment scale of local SOEs and that the incentives and effects of such interventions appear to be stronger among firms that contribute less to local fiscal revenue.ó 2013 Production and hosting by Elsevier B.V. on behalf of China Journal of Accounting Research. Founded by Sun Yat-sen University and City University of Hong Kong.展开更多
文摘On July 20th, a signing ceremony between Setcore Group, Egypt represented by Mr. Tamer Nassar-Chairman of Group and the World Trade & Commerce Center, Dongyang-China represented by Mr. Jiang Yuejin-Mayor of Dongyang City was held at the Marriott Hotel in Zamalek-Cairo. This was win-win cooperation and exerted great significances on both sides. In this event, they exchange ideas on the economic issues of common concerned and signed a memorandum of understanding as well.
基金This paper is a phase result of"Capital Formation,Capital Allocation and Adjustment of Industrial Structure"of the National Social Science Fund of China (No.20FGLB002).
文摘Under the background of China's accelerating high-quality development,whether expanding domestic demand can promote the improvement of the core competitiveness of local enterprises is still lacking support of theoretical and empirical evidence.Using micro-data at the level of Chinese industrial enterprises,this paper empirically examines the impact mechanism and effect of domestic market demand on the enhancement of local enterprises'core competitiveness.The research shows the following three findings.First,domestic market demand will help local enterprises to increase investment in R&D and design and brand marketing,so as to promote value-added activities to shift from tangible activities in production to intangible activities before and after production,thereby improving their own core competitiveness.Second,further deconstructing market competition factors from the perspective of ownership shows that,driven by domestic market demand,non-state-owned enterprises can enhance their core competitiveness better than state-owned enterprises.Third,China's regional industrial distribution and development have the typical echelon characteristics,which leads to the geographical heterogeneity of the promotion effect of domestic market demand on the local enterprises to enhance their core competitiveness,showing a ladder-type declining trend from the east to the middle and then to the west.These findings provide a useful decision-making reference for better implementation of the strategy of expanding domestic demand under the background of accelerating the construction of a new developmentpattern.
基金Research on the Impact of Navel Orange Industry Development on the Ecological Environment and Its Countermeasures(Project from Jiangxi Provincial Department of Science and Technology,2012BBF60185,Second Principal Investigator:Jinqiao Ling)Research on the Reform of Cultural Foundational Courses in Vocational Colleges and the Cultivation of Students’Professional Quality(Provincial Social Science Project,JXJGYX-2011-32,Second Principal Investigator:Jinqiao Ling)Research on Promoting Green Ecological Creation in Ganzhou(Ganzhou Federation of Social Sciences Circles,JXGZ-2010-09,Principal Investigator:Jinqiao Ling).
文摘As the Sarawak state government accelerates infrastructure development to stimulate economic growth,it has attracted numerous foreign construction enterprises-particularly Chinese firms-entering the market through low-cost bidding.However,this foreign-dominated model,while improving efficiency,has triggered local enterprise marginalization,industrial chain fragmentation,payment delays,and project setbacks,undermining the intended economic spillover effects of public investment.Grounded in policy analysis and field evidence within a dependency theory framework,this study evaluates the structural impacts of foreign participation on Sarawak’s local economy,uncovers governance gaps,and proposes strategies to enhance local economic resilience under open-market conditions.The findings reveal that foreign contractors(especially Chinese enterprises),despite their capital and technological advantages in dominating mega-projects,exhibit pervasive shortcomings:inadequate local participation(falling far below the 40%policy target),deficient knowledge transfer(local firms hold only 6%of green technology patents),significant value leakage(foreign profit repatriation dominated project value flows),and widespread execution delays/cost overruns due to underestimation of tropical climate-geological risks,institutional maladaptation,and resource misallocation.Drawing on experiences from the Philippines,Indonesia,and Vietnam,the study proposes systemic reforms:introducing a Low-Bid Risk Evaluation System(LRES),enforcing a mandatory Local Participation Index(LPI),establishing a Smart-Contract-Based Digital Payment Chain System(DPCS)to protect subcontractors,and requiring pre-bid local adaptation training for foreign contractors.These recommendations aim to construct“embedded institutional resilience,”transforming policy intent into executable governance mechanisms to ensure infrastructure investment genuinely serves Sarawak’s inclusive and sustainable growth.
文摘*Newly-built joint ventures engaged in new and high technological enterprises shall enjoy a 15 percent reduction of income tax for two years, or a 24 percent reduction for two years and a 50 percent reduction in the following three years. A choice between the two may be decided by the said enterprises. **Service industry, those enterprises with a foreign capital of more than US$5 million shall be exempt from the tax
基金National Natural Science Foundation of China,No.42271182,No.42122006,No.42101171。
文摘This paper provides a comprehensive reflection on the evolution of globalization research in the Pearl River Delta(PRD),considering the current international context and national strategies.It identifies several challenges in existing studies,such as the ambiguity of globalization patterns and the insufficient representativeness of key indicators.In response to these challenges,this paper draws upon the theory of strategic coupling to propose a new theoretical framework for analyzing globalization in latecomer regions.Based on the concepts of spatial stickiness and locational advantages,this paper further develops a two-dimensional quantitative indicator matrix.Using the PRD as a case study,it conducts empirical measurements and analysis,leading to three main conclusions.First,the theory of strategic coupling proves well-suited for analyzing the globalization of latecomer regions,exemplified by the PRD.It offers a more systematic,clearer,and more robust explanatory framework compared to traditional measurement methods.Second,the empirical analysis from the PRD reveals that the pattern of regional globalization does not follow a simple linear growth or cyclical model.Instead,it exhibits a circuitous,complex,and upward spiral,unfolding along an S-shaped evolutionary trajectory.Third,through comparisons of the eastern and western shores,as well as segmented city analyses,this study finds that locational advantages significantly shape the evolutionary pattern of globalization.This influence is not only apparent during the region's initial take-off phase but also plays a more profound role in shaping its subsequent developmental trajectory.This study makes a distinctive contribution to both the theoretical understanding of globalization in latecomer regions and the practical field of regional economic development in China.Additionally,it introduces a novel measurement approach for studying regional globalization.
基金supported by the Major Project of the National Natural Science Foundation of China(No.71032006)the GeneralProject of Ministry of the Education of Humanities and Social Science(No.11YJA790094)the General Project of the NationalNatural Science Foundation of China(No.71372150)
文摘In this paper, we use A-share listed firms between 2002 and 2010 to investigate the relationship between local fiscal distress and the investment efficiency of local SOEs, along with the effect of corporate tax payments on this relationship. We find a positive relationship between the extent of local SOEs' overinvestment and the fiscal distress of the corresponding local government where the enterprise and this relationship become stronger for firms that pay fewer taxes. The pattern of underinvestment among local SOEs was in contrast,and these relationships do not exist for non-SOEs or central SOEs. Moreover,we find that expanding a firm's investment scale leads to an increase in total taxes paid, including income and turnover taxes, which further result in more local fiscal revenue. Overall, we conclude that local governments have an incentive to increase fiscal revenue when faced with fiscal distress by raising the investment scale of local SOEs and that the incentives and effects of such interventions appear to be stronger among firms that contribute less to local fiscal revenue.ó 2013 Production and hosting by Elsevier B.V. on behalf of China Journal of Accounting Research. Founded by Sun Yat-sen University and City University of Hong Kong.
