LEI Hui1 (雷辉) and XU Changsheng2 (徐长生) Editorial note: China is a major FDI recipient, and her automobile industry has one of highest concentrations of investment from multinational corporations. As a pivotal industry in the Chinese economy, the automobile industry is notable in ...
GUAN Tao1 (管涛) and MA Yun2 (马昀) Editorial note: The recent influx of foreign capital into China’s real estate market has attracted widespread attention in China. To gain double profits from the appreciation of both real estate capital and the Chinese yuan (RMB), some ...
GAO Ying1 (高 颖) and LI Shantong2 (李善同) Editorial note: When travelling along motorways in China, you will occasionally see a billboard slogan saying “wealth comes from building roads”. This reflects the philosophy of pushing forward economic development in poor regions ...
CHEN Jiagui , HUANG Qunhui and ZHONG Hongwu Editorial note: Uninterrupted economic structural upgrading, which sets the stage for a steadily accelerating industrialization process, has been a major factor in China’s robust economic growth over the last 20 years or so. However, development ...
ZHANG Youwen Editorial note: Ever since reform and opening up policies were adopted in the late 1970s and early 1980s, the comparative advantage theory, factor endowment theory and “two-gap model” theory have been the basic guidelines for China’s reform and opening up. On ...
ZHANG Yansheng , ZHANG Anyuan ,QU Fengjie and ZHANG Zheren Editorial note: A differentiated corporate income tax upon foreign invested and domestic enterprises has produced some detrimental effects with regard to the opening up and development of the Chinese economy. ...
WEN Bin Editorial note: The People’s Bank of China announced that, as of July 21st, 2005, China’s exchange rate regime would change into a managed float based on market supply and demand and with reference to a basket of currencies. The ...
LI Yong Editorial note: Whether China’s current income tax rate for foreign funded enterprises is appropriate has been a hot issue of debate among academics. The author points out that China’s foreign tax rate is low compared with that of other countries and, ...
KONG Xinxin Editorial note: Chinese industrial development has brought about tremendous achievements in the 25 years since economic reform and opening up, and some industries have undergone a transformation from being driven by production to driven by innovation. During this process, industrial technological innovation ...
HUANG Yongming HE Wei NIE Ming Editorial note: China is the world’s largest producer and trader of textile products, but the enormous textile output and large export volume have brought little in the way of actual profit to China. In addition, China ...
