Tongrentang Goes International

正THE time-honored Beijing Tongrentang brand has achieved its longstanding goal to go global.The leading Chinese pharmaceutical company has opened 95 stores in 17 countries and regions out of the mainland,as well as a research and development center in Hong Kong.     

The Limits of RMB Internationalization

正RMB internationalization is one of the most important issues for China’s economy.Owing to the real factors affecting it,however,its development will be slower than media speculation can envisage.There is an exaggerated perception of RMB internationalization when considered according to percentage growth statistics,because calculations of them start from extremely low levels.For example,the proportion of RMB payments in the U.S.in April 2014 rose 100percent compared to a year earlier.This sounds spectacular,until taking into account that the rise constituted     

论社会主义市场经济改革的道德探求

社会主义市场经济本应具有二维向度,即理想道德维度与现实生产力维度,但具体实践在对现实生产力维度的追求中,一定程度上忽略了对理想道德维度的考量,付出了一定的道德代价。要进一步坚持社会主义市场经济的改革方向,要求显示出它在道德上的优越性和在避免道德代价上的优越性,并从控制资本、道德市场、社会所有、核心价值、政治力量等五个方面进行探索。     

经济因素对住房价格驱动的实证研究——基于浙江省11城市面板数据

经济因素对房地产市场至关重要,但不同的区域影响力会有较大的差异。与以往研究中常采用全国性的数据有别,本文利用浙江省11市1994—2008年的宏观经济和房地产相关数据,通过建立面板数据模型检验了区域宏观经济与住房价格之间的关系。我们发现区域经济中实际人均GDP、城市人口、房地产开发投资和其他投资等经济因素对房价有不同程度的显著影响,且房地产投资的增加能导致住房价格的上涨,经济增长对住房价格存在显著的正向驱动。     

操纵证券交易价格的法律责任问题新论--对两起操纵证券交易价格案件的法律透视

我国证券市场在不断发展壮大的同时,也暴露出了不少问题,特别是操纵证券交易价格的证券欺诈案件已经引起社会各界的广泛关注.操纵证券交易价格的行为因其违法程度不同,应当承担相应的法律责任,包括行政责任、刑事责任和民事责任.     

从美国经济增长、波动和衰退的原因看美国经济的走势

文章分析了美国经济 2 0世纪 90年代持续增长的源泉 ;论证了美国经济波动和衰退的原因 ;并指出美国经济今年的走势     

Housing prices and wealth inequality in Western Europe

Abstract

Comparative political economy (CPE) has robustly examined the political and institutional determinants of income inequality. However, the study of wealth, which is more unequally distributed than income, has been largely understudied within CPE. Using new data from the World Income Database (WID), this article examines how economic, political and institutional dynamics shape wealth-to-income ratios within Western European and OECD countries. It is found that the political and institutional determinants that affect income inequality have no short- or long-run effects on the wealth-to-income ratio. Rather, the rise in wealth-to-income ratios is driven by rising housing prices, as well as price changes in other financial assets, not home ownership or national saving rates. The article concludes by examining how the changing dynamics of housing prices and wealth inequality will increasingly shape intergenerational – and associated class-based – political conflict in Western Europe.     

Short run and long run effects of the world crude oil prices on the Malaysian natural rubber and palm oil export prices

With regard to the increasing in world crude oil prices, it is time to examine more carefully the claim that the increase in world crude oil prices tends to increase commodity prices. Hence, we examine the major commodity prices in Malaysia namely palm oil prices and natural rubber prices. We will analyse the relationship of both commodities＇ prices with world crude oil prices using the autoregressive distribution lag （ARDL） approach. Besides the analysis of bound testing approaches to see the level of relationships, short run and long run effects also are carried out in order to investigate which period has been significantly effected by the increase of world crude oil prices. The result reveals that long run relationship between world crude oil prices and both commodities prices exists.     

我国高房价的成因与控制对策

目前,我国高房价已对经济的发展和社会的稳定造成影响,同时,高房价也造成了房价与收入比偏高、房地产空置率过高和房价租金比增大等问题。文章认为,高房价的原因是多方面的,应当从多角度着手来采取措施。当务之急解决高房价的问题应从两个方面着手：一是宏观调控房地产市场,防止房地产出现过多泡沫;二是加大经济适用房与廉租房建设,解决中低收入家庭的居住问题。为此,政府应出台相应的政策约束房地产商的行为,宏观调控、科学决策、正确引导．确保房地产稳定发展。