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25 June 2016, Volume 0 Issue 3 Previous Issue    Next Issue

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On the Perfection of Multi-pillar Endowment Insurance System in China ——Based on An Analysis of Adequacy of Pension Assets in China Yang Hua 2016, (3):  5-10.  doi: 10.16716/j.cnki.65-1030/f.2016.03.001 Abstract ( )   PDF (980KB) ( )   Save In recent years, China clearly puts forward that it will build three pillar endowment insurance system, including the basic pension insurance, enterprise supplementary pension insurance and personal savings insurance. However, in terms of current situation of China’s endowment insurance, the basic pension insurance is still a major component, and pension replacement rates are declining and below the international minimum standard (ILO, 55%), lack of long-term sustainability, and the adequacy of the pension insurance system is worrying. This paper, based on the analysis of the adequacy of pension assets in China, found that at present, the pension assets of urban residents in China, especially in the net pension assets, the basic old-age insurance plays an important role. And as the second pillar and the third pillar of the enterprise supplementary pension insurance and personal savings insurance, the ratio is relatively low. And in the composition of China’s urban residents’assets, the ratio of personal savings and other assets accounted were more than 20%, which means on the job personnel accumulated a certain scale of wealth, the third pillar of personal savings insurance still has great development space, to be supported by the national policy to guide and cultivate the capital market. In this paper, and a variety of measures should be taken to guarantee the sustainability of basic endowment insurance to build a multi-pillar pension system in the future. References | Related Articles | Metrics

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The Effect of Resource Tax Reform on Regional Economic Development ——Taking Xinjiang as An Example Lv Yanqin, Han Jun 2016, (3):  11-17.  doi: 10.16716/j.cnki.65-1030/f.2016.03.002 Abstract ( )   PDF (1014KB) ( )   Save Xinjiang is the first region that implements the oil and gas resources tax reform in China in June 2010,in which the means of levying change from the quantity to the valorem.With the reform of resource tax,it has produced comprehensive effects.In this paper,the effects of resource tax reform in Xinjiang revenue,industrial structure adjustment and energy saving and emission reduction are analyzed by using comparative analysis method such as grey correlation coefficient method and Granger causality test method.It turned out that resource tax reform has promoted resource tax revenue and the fiscal increase in Xinjiang, correlation coefficient between resource tax revenue and the tertiary industries is relatively high. However,it has not played its role in protecting the environmental resources.Therefore,measures are suggested such as expanding the scope of resource tax reform,accelerating industrial adjustment of Xinjiang,expanding the subsidies funds for Xinjiang environmental protection and clean energy resources.At the same time,government will strengthen its macro-control and market supervision. References | Related Articles | Metrics

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Property Defects, Village Internal Governance Fail, and External Audit: Theoretical Framework and Case Analysis Zheng Shiqiao, Lv Junjie, Zhang Yaozhong 2016, (3):  18-27.  doi: 10.16716/j.cnki.65-1030/f.2016.03.003 Abstract ( )   PDF (1722KB) ( )   Save Village governance is fundamental among “Three Rural Issues” (agriculture,rural areas and farmers) in China. However,because of the property defects and complicated social environment, internal governance of the village economy may fail. Therefore, it is of necessity to cooperate with the help of external governance. External governance includes the checks and balances mechanism and supervision mechanism, financial agency system for village and the accountant accreditation system are checks and balances mechanism, and external audit is a basic external supervision mechanism, each external mechanism has its advantages and disadvantages, therefore, they need to cooperate with each other, but anyway, checks and balances is fundamental. The entity of audit village include government audit and nongovernmental audit, and government audit cost is lower, its effect is better. The objects of village audit include village and its financial agency. The audit subject for village audit include financial information and non-financial information, behavior and institutions, the kind of engagement for village audit include financial audit, compliance audit, performance audit, internal control audit and comprehensive economic responsibility audit. In order to improve the village economic governance system, it is of necessity to build town-level government audit to carry out village audit, which should be authorized from the perspective of legislation. References | Related Articles | Metrics

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The Application of PPP Model in the Municipal Solid Waste Bai Yanfeng, Kuang Xingxing 2016, (3):  28-38.  doi: 10.16716/j.cnki.65-1030/f.2016.03.004 Abstract ( )   PDF (1792KB) ( )   Save In recent years, great efforts to promote the use of the PPP model are applied to offer municipal public infrastructure and services in China, including municipal solid waste disposal.Based on the analysis of current situation and problems of municipal solid waste, it is found that municipal solid waste disposal is challenged by the urbanization and “three requirements” of garbage disposal, and at the same time, the government shoulders enormous fiscal pressure. Therefore, there is an urgent need to seek a sustainable model to supply the solid waste treatment service. Since the PPP model is of necessity and feasibility to solve municipal solid waste disposal, based on the characteristics of urban living garbage industry, this paper proposes using mixed PPP model to supply the municipal solid waste disposal services, and advances such measures as improving the financial subsidy mechanism, building a competitive market, establishing the cost-effective assessment, improving the specialized PPP legal system, supervision system and user feedback mechanisms. References | Related Articles | Metrics

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An Empirical Study of City Innovation and Economic Growth in Urumqi Xiao Chunmei, Liu Zhanfang 2016, (3):  39-47.  doi: 10.16716/j.cnki.65-1030/f.2016.03.005 Abstract ( )   PDF (1127KB) ( )   Save The period during China's 13th Five-Year Plan is an important stage of its economic development, which aims at innovation-driven transformation. The study of the relationship between urban innovation and economic growth is of great significance for the local government to formulate policies to promote coordinated regional economic development.Based on the existing research results and innovation features of Urumqi, this paper builds innovation capacity index system of the city from such three aspects as innovation input, innovation output and peripheral environment of innovation. And then analytic hierarchy process (AHP) is employed to measure the innovation capacity in Urumqi and found that it gradually increases in Urumqi, among which, its role in boosting innovation and investment is most obvious, then, comes the innovation output, and external environment innovation is relatively weak. Then the regression analysis of the secondary indicates and economic growth is carried out. The results show that there is a significant positive correlation between city innovation output and economic growth, innovation peripheral environment and economic growth, city innovation input and economic growth, among which, the influence of city innovation input is greatest. To this end, the paper puts forward such recommendations as increasing innovation investment, introducing and training high-level personnel, constructing urban innovation network, city innovation input, encouraging people to start their own businesses and make innovations, and so on. References | Related Articles | Metrics

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Evaluation on Efficiency of Agricultural Circular Economy in Xinjiang Su Bin, Gou Benqi 2016, (3):  48-56.  doi: 10.16716/j.cnki.65-1030/f.2016.03.006 Abstract ( )   PDF (1237KB) ( )   Save Based on extracting principal components of input and output variables of Xinjiang agricultural circular economy by using principal component analysis method, the efficiency of agricultural circular economy of 14 prefectures and regions in Xinjiang in 2014 is analyzed with the aid of three-stage DEA model. The results show that the external environment has an important influence on efficiency of agricultural circular economy in Xinjiang, and the efficiency value of agricultural circular economy in different prefectures and regions change greatly after eliminating environmental factors and random factors; the agricultural circular economy is inefficient in Xinjiang, which is caused by low scale efficiency, and there is a big gap among the different prefectures and regions in terms of agricultural circular economy. According to pure technical efficiency and scale efficiency, the agricultural circular economy in different prefectures and regions is divided into four types, and they could search ways to improve efficiency on the basis of their types. References | Related Articles | Metrics

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An Analysis of Cooperation Between China and Central Asian Countries from the Perspective of Regionalization Wang Zhiyuan 2016, (3):  57-63.  doi: 10.16716/j.cnki.65-1030/f.2016.03.007 Abstract ( )   PDF (1195KB) ( )   Save Since the independence of Central Asian countries, international cooperation has been actively developed in the process of globalization and regional integration. On the whole, as a result of less participation in the global division of labor, regionalization clearly occupies the main status of foreign cooperation in Central Asian countries. However, most transportation lines in these countries followed those in Soviet times, not only the equipment and lines need to be further improved and regional trade is also affected, both the scale and the benefit are on a low level. The future Central Asia transportation development planning is of great concern to China and Russia and other neighboring countries and there is a more complicated competition and cooperation. When it comes to China’s“Silk Road Economic Belt”strategy, it is of importance to actively carry out cooperation with Central Asian countries. Therefore, it is necessary to make a comprehensive and objective analysis of the prospects. Related Articles | Metrics

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A Study of Trade Structure of Industrial Products in Both China and Kazakhstan ——Based on “Silk Road Economic Belt” Duan Xiufang, Wang Xiankun 2016, (3):  64-71.  doi: 10.16716/j.cnki.65-1030/f.2016.03.008 Abstract ( )   PDF (1234KB) ( )   Save Kazakhstan is the biggest country trading with China in the five counties in central Asia, it is also the most important country opening to the west in the“Silk Roads Economic Belt”strategy. According to the Standard International Trade Classification of industrial products, this paper studied the trade structure of industrial products in these two countries respectively by using trade competitiveness index and index of term of trade and finally found that the export of industrial products from China to Kazakhstan mainly focused on labor intensive products and the import from Kazakhstan primarily is the raw material of industrial products; the trade structure is seriously imbalanced.However,by selecting data from the year 2005 to 2014, and using OLS model to analyze empirically, it indicates that the industrial products’ export structure is optimizing. Therefore, in future, it is of necessity to seize the opportunity of implementing“One Belt”Strategy to promote the cooperation in infrastructure construction, upstream and downstream industries and manufacturing industry between two countries, improve the technological level of industrial products in China, promote the export of sub-sectors of industrial manufacturing to keep a balance development of the two countries’ trade structure. References | Related Articles | Metrics

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On Innovation of Inclusive Financial Services in Rural Areas in Xinjiang ——Based on the Perspective of Financial Demand of Farmers Yang Hongli, Gan Haiyan 2016, (3):  72-80.  doi: 10.16716/j.cnki.65-1030/f.2016.03.009 Abstract ( )   PDF (1440KB) ( )   Save China is to achieve a comprehensive well-off society in 2020, and the key to the overall goal is in rural areas. And as a less developed regions in Xinjiang, the rapid development of rural areas can not be separated from the role of inclusive finance. Based on the perspective of rural financial demands, through questionnaire investigation, current situation of the Xinjiang rural inclusive financial services from the deposit characteristics of farmers in Xinjiang, the characteristics of farmers credit needs and farmers insurance demand characteristics are analyzed in this paper. The results show that: the rural inclusive financial system is not perfect, there is a two-way exclusion of financial needs of farmers, the risk compensation mechanism in the production process is not perfect, modern financial instruments and means of penetration is not high.Therefore,it is suggested it is of necessity to innovate the inclusive financial system and mechanism to expand coverage of financial inclusion, promote the rapid growth of improving the farmers’financial literacy and income, and ultimately achieve rural economic and social harmony and stability and leap forward development in Xinjiang References | Related Articles | Metrics