Latest ArticlesIn 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.
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.
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 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.
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.
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.
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.
China promotes the formation and development of new quality productive forces through high level technology for self-reliance and self-improvement is not only necessary to achieve high-quality domestic economic and social development, but also to cope with the technological game between China and the United States under the centenary changes, and to grasp the laws of the evolution of technology and productivity themselves. There is an inherent logic of dual wheel drive between level technology for self-reliance and self-improvement and new quality productive forces. That is, while new quality productive forces triggers systematic changes in high level technology for self-reliance and self-improvement, high level technology for self-reliance and self-improvement has also become a key element and positive variable in the formation and development of new quality productive forces. On this basis, China has "double new" advantages, people-oriented advantages, institutional advantages, and fundamental advantages. In the new stage of development, China should make full use of these four advantages, clarify the strategic thinking based on giving play to the cohesive force advantage of Chinese path to modernization, increase the efforts to tackle key core technologies with the core of improving the original innovation ability, optimize the layout of modern industrial system with the focus on "innovation" and "renewal", and create a first-class technological innovation environment with the main line of promoting technological governance modernization. Finally, the formation and development of the new quality productive forces will be located in the synergy between high level technology for self-reliance and self-improvement and Chinese path to modernization.
With adequate food storage, the world is at peace, and achieving well-being for the rural population requires the concerted action of multiple policies. Drawing on a sample of 1562 counties from 2005 to 2019, three scenarios was exqmined to assess the potential for synergy between rural e-commerce and rural tourism development policies in enhancing rural household well-being. The findings indicate that both individual policies have the potential to contribute to rural household well-being, and their combined implementation can lead to a greater impact. This conclusion is supported by the use of PSM-DID as a robustness check, confirming the presence of policy synergy. Furthermore, upon conducting heterogeneity analysis and exploring the underlying mechanisms, it is observed that the policy synergy effect is particularly evident in western regions. Specifically, compared to standalone policies, the synergy between rural e-commerce and rural tourism policies is more effective in promoting rural entrepreneurship and non-agricultural employment, thereby enhancing rural household well-being. It offers insights into the policy implications of rural e-commerce and rural tourism development from a synergy perspective, providing valuable lessons for multi-sectoral policymaking aimed at enhancing rural well-being and fostering rural revitalization.
In the context of increasing deglobalization trends, the evolving and intricate host country media landscape presents formidable challenges to the internationalization process of China. The crucial decisions regarding how this environment affects the entry strategies of multinational enterprises into international markets lack systematic empirical validation. Leveraging sentiment analysis technology and web crawling techniques, conducting textual analysis on over 8.3million discourse items related to China from the period 2015 to 2022, constructing a China-related public sentiment index and systematically examined the impact of the host country media environment on the entry mode selection of Chinese enterprises operating abroad. The research findings reveal that as the host country media environment deteriorates, Chinese enterprises are more inclined to opt for joint venture models over wholly-owned subsidiaries when entering international markets. Furthermore, compared to cross-border mergers and acquisitions, Chinese enterprises exhibit a stronger inclination toward greenfield investments as their entry strategy. The ownership structure of multinational enterprises and their internationalization experience exert a positive moderating effect on these relationships. In terms of the underlying mechanisms, the host country media environment influences the choice of investment mode by affecting the regulatory, normative, and cognitive legitimacy of enterprises. The conclusions provide valuable recommendations for multinational enterprises to appropriately select their entry modes into international markets, actively mitigate or reduce reputational risks, and enhance their investment and operational strategies in host countries.