Producer services are regarded as significant intermediate inputs in the value-added creation process, exerting a crucial impact on the integration of agriculture into the global value chain (GVC). Grounded in OECD AMNE input-output data, the influence of producer services on the position in agricultural GVC was examined using a systematic GMM model. Mechanism tests demonstrate that producer services, through the effects of resource allocation and economies of scale, were utilized to enhance production efficiency and reduce trade costs, thereby promoting the elevation of the agricultural GVC position. Concerning segmented producer services, inputs such as professional and scientific-technical services, as well as financial and insurance services, significantly elevate the position in the agricultural GVC. Additionally, transportation and storage services exert a certain positive influence. However, information and communication services have a negative impact on forward participation and a positive impact on backward participation in the agricultural GVC. Hence, there is a need to strengthen the utilization of agricultural information technology in the upstream of the agricultural industry chain. The findings provide worthwhile policy insights for promoting agricultural competitiveness of developing economies, including China.

Building a high-quality China Free Trade Pilot Zone is of milestone significance in China's reform and opening up process. On the basis of analyzing the representative models and institutional characteristics of typical global free trade zones, summarizes the overall deepening characteristics and trends of China's pilot free trade zones, as well as the differences in institutional innovation of each pilot free trade zone was systematically summarized, and the role that China should play in the construction and reform of pilot free trade zones was clarified. Through analysis, it is found that there are four main problems in the development of China's pilot free trade zones, including new challenges brought about by the complex global situation, deviation in the focus of pilot free trade zone construction, lack of legislative guarantees for institutional innovation, and insufficient support for high-level opening. Subsequently, targeted institutional innovation measures have been proposed to better leverage pilot free trade zones as the basis for high-level opening. It is hoped that this opportunity will be used to improve the internal linkage mechanism of the national pilot free trade zones, eliminate differences in domestic and foreign economic and trade rules as soon as possible, and provide useful experience and inspiration for China to accelerate the construction of high-quality pilot free trade zones and the realization of high-level opening.

The key to achieving common prosperity for all lies in the common prosperity of farmers, and digital rural construction is an important channel to achieve common prosperity for farmers. Based on panel data from 30 provinces (Due to the lack of data, the statistical data mentioned here do not include the Tibet Autonomous Region, the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan Province.) in China from 2012 to 2022, it innovatively incorporates digital rural construction, migrant workers returning to their hometowns for entrepreneurship, and common prosperity among farmers into the same development framework to empirically test the relationship between the three. The research results show that the construction of digital rural areas helps to promote the return of migrant workers to their hometowns for entrepreneurship and the common prosperity of farmers. The construction of digital rural areas has a positive impact on the common prosperity of farmers through the return of migrant workers to their hometowns for entrepreneurship, and this conclusion has a certain degree of robustness. The promotion effect of digital rural construction has heterogeneity in education level and agricultural labor productivity, specifically manifested as a stronger promotion effect on lower and middle education levels, as well as common prosperity with farmers in areas with low agricultural labor productivity. Based on the research findings, it proposes key directions for promoting common prosperity among farmers by comprehensively accelerating the construction of digital rural areas, taking multiple measures to promote the return of migrant workers to their hometowns for entrepreneurship and employment, and promoting regional coordinated development according to local conditions.

Financial management is an important way to achieve inter-period smoothing of residents' consumption, and internet financial management, with its convenience and universality, has rapidly penetrated into residents' households and exerted an important influence on their consumption behavior. A theoretical model of the impact of internet finance on residents' consumption has been constructed and the relationship between internet finance and households' residential consumption has been tested by using data from the 2017 and 2019 China Household Finance Survey (CHFS). It is found that, first, internet finance can significantly promote household residential consumption, and the use of instrumental variables, replacing the explanatory variables and changing the sample do not affect the robustness of the findings. Second, internet finance has an impact mainly through three mechanisms, such as obtaining interest returns, providing payment convenience and alleviating credit constraints. Again, heterogeneity analysis finds that this consumption-promoting effect is more pronounced in the east-central region, the lower middle-income and low-education households. In particular, if there are unmarried sons in the family, internet finance has no significant effect on consumption. Finally, the impact of Internet finance on consumption upgrading is further investigated in two dimensions: consumption level enhancement and consumption structure optimization, and it is found that internet finance significantly increases the proportion of development and enjoyment-oriented consumption, while significantly decreasing the proportion of survival-oriented consumption. Therefore, the development of internet finance helps to expand domestic demand and achieve the upgrading of residents' consumption, thus promoting the formation of a large domestic cycle pattern.

Contract farming is an effective approach for integrating small farmers into modern agriculture and serves as the dominant form for the industrialization of agriculture in China. A theoretical analytical framework for the impact of contract farming on the income of livestock farmers was constructed. Utilizing micro-survey data from 610 beef cattle farmers and employing propensity score matching, empirical tests were conducted to examine the influence of contract farming on farmers' income and its operating mechanisms. Participation in contract farming significantly enhances the income levels of livestock farmers. Both sales contracts and production management contracts significantly contribute to increased farmer income, with production management contracts having a more substantial impact. Group difference analysis reveals heterogeneous effects of contract farming on income for different groups based on factors such as farming duration, scale, and training. Farming costs and technological aspects play a significant mediating role in the relationship between contract farming and farmer income, promoting income growth through scale and technical efficiency. Farming relay has a positive regulatory role in the process of contract farming improving farmer income. Governments should actively create favorable conditions to encourage and guide the development of contract farming. Benefiting from the characteristics of farmers' resource endowment, mechanisms for profit distribution between companies and farmers should be improved. Through the "learning by doing" effect, the promotion and application of new technologies should be advanced. In contract farming, the promotion of a relay-style farming operation, with separate breeding of parent livestock and centralized breeding and fattening of offspring, is emphasized to facilitate the sustainable and high-quality development of the livestock industry.

The high-quality development of agricultural enterprises lays a solid foundation for rural revitalization and promotes common prosperity among farmers, while the enterprises have financial needs for their own development. The data of Chinese agricultural enterprises from 1998 to 2015 with information on financial licenses was matched to explore the impact and mechanisms of banking competition on the productivity growth of agricultural enterprises. The results show that banking competition improves the productivity of agricultural enterprises, and the conclusion remain robust after considering measurement errors andendogeneity issues. The analysis of the impact mechanism shows that banking competition improves the productivity of agricultural enterprises by promoting loan availability. Heterogeneity analysis shows that competition in the banking industry has a stronger promoting effect on the productivity of small and medium-sized enterprises compared to large enterprises, and a greater promoting effect on the productivity of established enterprises compared to new enterprises. Banking competition has a greater promoting effect on the productivity of private enterprises compared to state-owned and foreign-funded enterprises. Meanwhile, factors such as asset size, current assets, capital intensity, and debt levels have a significant impact on productivity. These findings provide policy implications for optimizing the rural financial system and promoting rural industrial revitalization.

In order to explore the relationship among environmental regulation, the transformation of resource-based cities, and spatial spillover of resources, a semi-parametric threshold spatial Durbin model (STSDM) was constructed based on data from 113 resource-based prefecture-level cities from 2011 to 2021, starting from the perspective of spatial spillover. The nonlinear relationship between environmental regulation on the transformation performance of resource-based cities and the impact of asymmetric spatial spillover is explored. The results show under the linear assumption, environmental regulation is not conducive to improving the transformation performance of cities. However, under the nonlinear assumption, environmental regulation is beneficial to improving the transformation performance of resource-based cities in the early stage. It has a non-linear long-term characteristic with a "diminishing marginal effect", and the partial derivative plot shows a weak "U-shaped" feature. There is asymmetry in the spatial spillover effects on the transformation performance of resource-based cities. The higher the stage of environmental regulation in resource-based cities, they can obtain the fewer spatial spillover bonuses for the transformation of urban performance. Based on this, policy suggestions are put forward, such as adapting environmental regulation policies to local conditions and establishing a long-term environmental protection mechanism.

The disruptive technology innovation has become an important way for Chinese equipment manufacturing enterprises to get rid of external dependence and realize intelligent transformation. However, the mechanism of intelligent transformation through disruptive technology innovation is not clear. Based on the relevant researches and actual cases, six key influencing factors including "dual organizational structure" were condensed from the level of technological disruption, technological application and organizational guarantee. Combining necessary condition analysis (NCA) and fuzzy-set qualitative comparative analysis (fsQCA), brought the impact of these factors in the process of intelligent transformation based disruptive technology innovation into a common analysis framework in order to explore the necessary condition and the mechanism of the configuration with 20 typical equipment manufacturing companies as research samples. It is found that dual organizational structure is the main driving force for the equipment manufacturing industry to realize intelligent transformation through disruptive technology innovation. Two approaches named "technological trajectory transition" (S1) and "innovative application of scenarios" (S2) to realize the intelligent transformation are obtained. There is a reciprocal relationship between "technology transition" and "scenario-based innovation", as well as a reciprocal relationship between "cross-border technical cooperation" and the combination of "ahead of the layout" and "lack of scenario-based innovation" under certain conditions. In a word, the results not only clarify the internal mechanism of intelligent transformation of equipment manufacturing enterprises driven by disruptive technology innovation, but also provide path guidance for enterprises to implement intelligent transformation according to their own reality.

The relationship between empowering leader-employee perception matching and task performance is explored from the perspective of leader-employee matching, grounded in the leader-member exchange theory. A total of 261 pairs of leader-subordinate matching data were analyzed through the application of polynomial regression, response surface analysis, and block variable analysis. The results indicate that a closer alignment between empowering leadership and employees' perception of empowering positively correlates with subordinate task performance. Specifically, in cases of consistent matching, the combination of high empowering leadership and high employee empowering perception leads to superior task performance, compared to scenarios that both of them are low. Conversely, in cases of inconsistent matching, a mismatch where high empowering leadership is paired with low employee empowering perception results in higher task performance. The leader-member exchange relationship plays a partial mediating role in the influence of the matching of empowering leader-employee empowering perception on task performance. Additionally, workplace status is found to moderate the relationship between LMX and task performance. Insights into the reasons for heterogeneity in leadership empowerment effects are gained from a matching perspective. Matching research is enriched in the context of empowering leadership effectiveness and a more comprehensive perspective is provided for future research on empowering leadership.

Based on analyzing the impact mechanism of digital technology development on the upgrading of urban industrial structure in China, the panel data of 276 cities from 2011 to 2021 were used to build a digital technology development index, and the impact of digital technology on the urban industrial structure has been empirically tested using the dual fixed effect model and the intermediary effect model. The findings are as follows. Digital technology can significantly promote the upgrading of urban industrial structure and promote the advancement of urban industrial structure. Economic efficiency is an intermediary variable that digital technology promotes the upgrading of urban industrial structure. Digital technology improves economic efficiency by reducing transaction costs, improving transaction efficiency, and deepening labor division, thereby indirectly promoting the process of urban industrial structure upgrading. The impact of digital technology on the upgrading of urban industrial structure exhibits regional heterogeneity. It plays a crucial role in driving the transition towards high-end development in relatively less developed regions, such as the Midwest. Based on this, it is recommended to strengthen the construction of digital infrastructure, focus on building a complete data element market, bridge the "digital divide" between regions, formulate industrial digitalization policies tailored to local conditions, accelerate the integration and development of digital technology and the real economy, to fully leverage the positive promotion effect of digital technology on the upgrading of urban industrial structure and promote the upgrading of urban industrial structure.

The existence of ESG rating disagreement brings certain decision-making problems to creditors, but it also prompts enterprises to "self-help". This "self-help" behavior may alleviate the information asymmetry between enterprises and creditors, enhance the development potential of enterprises, and thus reduce the cost of enterprise debt financing. Based on the panel data of Chinese listed companies from 2009 to 2022 the impact of ESG rating disagreement on debt financing costs and their mechanism was explooed. The results show that ESG rating disagreement sgnificantly reduces the cost of corporate debt financing, which is still established after a series of robustness tests and endogeneity treatments, such as double clustering, subsample regression, PSM propensity score matching, quasi natural experiments, etc. Mechanism analysis shows that ESG rating disagreement reduces debt financing costs by forcing enterprises to improve the quality of ESG information disclosure, green innovation level and attract the attention of analysts. Heterogeneity analysis founds that ESG rating disagreement has a more obvious effect on reducing the debt financing costs of high-polluting enterprises and enterprises with poor regional financial ecological environment. The economic consequences shows that ESG rating disagreement increases the market value of enterprises, resulting in higher market development capabilities for enterprises. It reveals the economic consequences of ESG rating disagreement from the perspective of debt financing costs, enriches the connotation of ESG rating disagreement, and is of great significance for the urgent need to unify ESG rating standards and how to unify them.

Servitization is an important direction for the high-quality development of manufacturing transformation and upgrading. The state attaches great importance to the pilot work of servitization and promotes the innovative development of servitization. The existing researches focus on the influence of internal factors and external market factors on the service performance of manufacturing enterprises, but pay little attention to the promoting role of pilot policy factors. Based on the list of the first and second batch of servitization pilot enterprises published by Zhejiang Provincial Department of Economy and Information Technology in 2017 and 2018 respectively, panel data of 200 listed manufacturing enterprises with service characteristics in Zhejiang Province, including pilot enterprises, were selected from 2013 to 2019. The influence of servitization pilot policy on enterprise service performance is tested by difference in differences method. It is found that the implementation of service-oriented manufacturing pilot policy has a significant positive impact on the improvement of service performance of manufacturing enterprises, and theoretically, the enterprise reputation brought by the pilot may further enhance this improvement effect. In addition, the impact of pilot policies on service performance is characterized by heterogeneity, and its net impact increases with the continuation of pilot policies. The specific performance is that from the first year of the pilot to the third year of the pilot, the improvement speed of enterprise service performance has increased year by year. The implementation effect of the servitization pilot policy in Zhejiang Province has been effectively verified, which provides inspiration for the formulation, implementation and improvement of the servitization pilot policy in China.