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The central bank on November 19 ordered commercial banks to set aside an additional 0.5 percent of their reserves amid looming inflationary risks.Investors are on the defense and preparing for the worst by buying up gold as a safe haven against inflation and market uncertainties.China’s stateowned enterprises earned a combined profit of 1.626 trillion yuan($245 billion) from January to October this year,soaring 44.8 percent year on year.In a push into renewable energies,China should enhance efforts in hydropower,wind power and inter-provincial trade,as well as green electricity schemes,said the World Bank.The aviation industry booms as air traffic increases.     

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By ordering another hike in the reserve requirement ratio,China attempts to soak up excess liquidity.Chinese commercial banks issued higher-than-expected new loans in March,highlighting simmering inflation risks.House prices continue edging higher in most major cities,despite tough policies.State-owned enterprises are bursting with vitality,reaping juicy profits in the first quarter.China is bound to benefit from emerging global electric vehicle demand,though challenges remain.China’s telecom equipment maker Huawei cashes in on profitable overseas markets.     

China's banking sector: From administrative control to a regulatory framework

The development of the banking sector has been one of the primary vehicles for stimulating the economic growth of China since the late 1970s. This paper presents, first, an overview of the institutional structure of the Chinese banking system, and second, an analysis of the development process of commercial bank regulations. With reference to international experience, the paper argues that several institutional problems have posed major challenges to the effective implementation of the promulgated bank regulations. These problems include: the impossibility for state‐owned enterprises (SOEs) to go bankrupt, the strong influence of local governments on banks’ operation, and the lack of an effective enforcement mechanism.     

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Stock Market Nightmare A bearish mood dominated the Chinese stock markets in the first half of this year with the benchmark Shanghai Composite Index dropping 26.82 percent by June 30.     

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No Double Downturn A"double dip"is unlikely for the Chinese economy in the second half of 2010，although the country's industrial value-added output and trade growth is expected to slow，said China's top industrial and commercial regulators.     

中国中小企业科技自主创新现状及对策研究

该文首先阐述了目前中国企业自主创新现状,分析了国有企业、中小企业在自主科技创新存在的问题,最后探讨了提高中国中小企业自主科技创新的有效途径和对策,以图引导中国中小企业走上依靠自主创新的良性发展轨道,促进中国经济持续、稳定、健康地发展.     

Commercialization of Banks in China: Institutional changes and effects on listed enterprises

To meet the continuing growth of the socialist market economy, the latest focus on China's banking reforms is to transform the 100% state-owned commercial banks into independent, market-oriented commercial banks. This paper will show that listed enterprises in China have generally perceived that institutional changes leading to improvement over the legal and business environment are important for the success of the bank commercialization process (BCP). The effects of BCP on them are positive. Recognizing how poorly managed banking systems in East Asia have suffered in the financial crisis, the Chinese government has quickened the pace of the banking reforms in China.     

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TO THE POINT:The release of economic figures for April stoked inflation fears again.The CPI rose 2.8 percent in April,challenging the government's goal of keeping inflation below 3 percent.Bank lending in April brought new loans in the first four months to half of the designated loan target cap for the whole year.     

中国小额贷款公司的改革与发展研究

小额贷款公司在支持小微企业发展方面发挥重要作用,但"只贷不存"的瓶颈在一定程度上阻碍了小额贷款公司的可持续发展。该文梳理了中、美两国小额贷款发展现状,揭示了中国小额贷款公司发展及改制面临的问题,提出规范发展中国小额贷款公司的建议。     

欧盟最小化中小企业监管负担的做法及启示

中小企业是世界各国经济发展的支柱。全球金融危机对中小企业的发展产生了严重影响。为促进中小企业的发展,欧盟采取了切实措施,从法律、政策影响评估、市场环境改善等方面最小化中小企业的监管负担。随着金融危机的蔓延,中国的中小企业也面临严峻的发展环境,浙江等地中小企业倒闭数量大幅度上升,税负较重、融资渠道单一等是其倒闭的主要原因。应借鉴欧盟经验,采取综合政策措施,最小化企业的监管负担,促进其复苏发展。     

Village Elementary School Affecting the United Nations

"Left-behind children" are children who have one parent or both parents working in another city while the children stay in the village. These children usually live with either one of their parents, relatives or family friends. Research shows that there are over 58 million left-behind children in China; 57.2 percent of them have one parent working in another city, 42.8 percent of the children have both parents working in another city, 79.7 percent are raised by their grandparents, 13 percent of the left-behind children are raised by relatives or friends, 7.3 percent of these children are raised without a guardian or information about them is uncertain. As the Chinese economy prospers, working-age adults from villages increasingly choose to work in cities with left-behind children a special population that requires special attention in Chinese village education. Social researchers warn that left-behind children are not only a problem for families but a social problem. The education program in Linzi Elementary School, Rugao City, Jiangsu Province has raised awareness of left-behind children’s education. The school’s "Left-behind Children ’33433’ Linzi Model" is now popular in the country and followed by many elementary schools. This school is now a major experimental elementary school under the United Nations International Children’s Emergency Fund (UNICEF) caring for left-behind children.     

The Ascendency of State-owned Enterprises in China: development,controversy and problems

The state sector still plays an important role in China's economy. One of the key development phenomena characterizing the Chinese economy is the rapid ascendency of state-owned enterprises (SOEs) and the resurgence of the state. The strength of China's SOEs is projected in the centrally administrated state-owned enterprises (CSOEs). They are the backbone of the national economy, spearheading national economic development and Beijing's ‘going-out’ strategy. The CSOEs have expanded their reach and increased their power, domestically and globally. In seeking to boost local GDP growth, the eastern provinces in China have joined the western provinces in a fierce contest to attract investment from SOEs. Nevertheless, the rapid ascendency of the SOEs has brought many negative consequences for China's economic, social and political development by causing conflict with the market-oriented development direction of Chinese economic reform and hindering fair competition between state-owned and non-state-owned enterprises.     

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Powering the Future China had the most nuclear power facilities under construction among world powers in 2009.Nuclear power,as well as other alternative energies,is developing rapidly in China due to the country's commitment to a low-carbon economy.     

Transforming China's Banks: the IFC's experience

China's progress in fixing its banking system has surprised observers. Successful experiments, some of them involving foreign investors, have emerged in China to deal with the problems of the banking system. The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has played an active role in piloting some of these approaches in close cooperation with the regulator and other strategic investors. In the period 1995–2000, IFC's strategy was to work with one or two banks to help improve their governance and skills. The idea was to create some model banks which could be emulated by others and used by the regulators to introduce modern banking practices. Once the corporate governance and business practices of these banks improved, then the IFC was able to attract foreign banks to invest in these banks. These investments encouraged other foreign banks to consider taking minority stakes in the smaller banks. The success of these experiments gave confidence to the Chinese authorities to open up the big state-owned banks for foreign investment and encouraged big international banks to invest large sums of money to take minority stakes in the big banks. While progress in reform has been remarkable, the real and sustainable transformation of the Chinese banks is far from over and will be a lengthy process. Significant challenges such as improving corporate governance and credit risk management remain. Despite the significant opening of the banking system to foreign direct investment, foreign ownership in the Chinese banking system remains low by international standards. Even with existing limitations on foreign ownership, foreign strategic investors are contributing to the transformation of Chinese banks and their role remains highly relevant for the continued reform of the Chinese banking system.     

论金融危机下中小企业自主创新

金融危机背景下，中小企业因市场需求减弱而面临重新调整、重新洗牌的严峻挑战，中小企业应对金融危机的重要方法之一就是增强自主创新能力。自主创新的模式有多种，各中小企业可以结合自身的特点有目的地选择适合自己的创新模式。结合理论分析，该文就中小企业自主创新问题提出了相关对策思考。     

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China adds to its holdings of U.S. Treasury securities for the first time in three months. China’s auto market stages a significant comeback in August as vehicle sales grew 6.29 percent from July figures. The Anshan Iron & Steel Group Corp. concluded an agreement to invest in the United States, ending doubts about the feasibility of the deal. State -owned enterprises raked in juicy profits from January to August this year. China inches up on the global competitiveness ranking list. Global payment giant MasterCard Worldwide predicts China will replace the United States as the world’s top credit card market by 2020.     

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Funding Retirement State shareholders had transferred nearly 65 billion yuan($9.5 billion)worth of stocks in listed companies to the Social Security Fund(SSF)by March 29,according to a statement from the SSF.     

论我国中小企业界定标准的完善

为了扶植中小企业发展，各国均制定有促进中小企业发展的法律政策，这些法律政策首先要解决的问题就是对扶持对象——中小企业进行科学的界定。我国目前中小企业划分标准在实施中遇到了一些问题，应该采取定性和定量标准相结合的方式，重新界定小企业的内涵，简化中小企业的划分指标，细化中小企业划分标准，并将中小企业界定标准覆盖到全部第三产业。     

金融危机背景下的温州中小企业转型升级策略研究

全球金融危机对温州中小企业生存发展产生了重大影响,温州中小企业面临的政策、融资、开放经济、资源等方面的困境更为严峻。该文分析了金融危机背景下的温州中小企业的困境,提出了温州中小企业转型升级、应对金融危机的几点策略建议。     

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The manufacturing industry shows signs of a turnaround,with the purchasing managers index staging a comeback in August. China’s"big four" state-owned commercial banks are generating windfall profits,though risks still loom large. Fund management companies are swimming in red ink, receiving cues from flagging stock markets. Industrial enterprises experience slowed profit growth. Chinese shipping giant COSCO falters because of tepid demands and overcapacity woes.