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25 October 2015, Volume 0 Issue 5 Previous Issue    Next Issue

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The Rationality Research of the Current GDP and Tax Changes——Based on the Data under “the New Normal” Economy Bai Yanfeng, Qiao Lu 2015, (5):  5-13.  Abstract ( )   PDF (1785KB) ( )   Save In this paper,through 2012—2014 GDP and tax revenue and its growth rate,tax revenue as a share of GDP,we analyze the interaction and the mutual influence relations between economic growth and tax revenue.It is concluded that the rationality and reasons of the GDP and tax revenue and its growth rate changes under“the new normal” economy.Next,we make an empirical analysis of the rationality of the GDP and tax revenue and its growth rate change that use stationary test, cointegration test,Granger causality test,VAR model,impulse response analysis. Finally,we think that GDP as indicators of economic is not comprehensive under “the new normal”economy,so based on the rationality and economy downward pressure,the following policy suggestions are given:First,foster new economic growth engine.Second,implement the development strategy of innovation drive.Third,expand domestic demand.Fourth,implement the loose monetary policy.Fifth,reform fiscal and taxation system and make it adapt to social and economic development.Sixth,increase the efficiency of fiscal expenditure.Seventh,attach importance to the coordinated development of regional.Eighth,be confident in economic stability. References | Related Articles | Metrics

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The Marketization Process and Development of Life Insurance: The Threshold Effect of Marketization Process Li Chunyan, Mao Zhirui 2015, (5):  14-20.  Abstract ( )   PDF (895KB) ( )   Save Using the provincial panel data from 1998 to 2011,the paper employs the panel threshold model to study the effect of the marketization of insurance development in China.Main conclusions are as follows:the marketization process of the development of life insurance is the threshold effect,and with the marketization process,present the positive correlation inverted u-shaped,impact on the development of life insurance first increases,then decreases.Combined with threshold method,it finds the provinces marketization have evolved in response to impact on the development of life insurance,marketization level of life driving force in reducing high area.Therefore,the future direction of developing the life insurance will be adjusting the structure of life insurance,meeting the demand of consumer combining with the regional innovation risk structure,making rate pricing accurate with the help of big data technology. References | Related Articles | Metrics

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An Analysis of Bilateral Trade Complementarities and Influencing Factors between China and Iran Duan Xiufang, Wu Panpan 2015, (5):  21-27.  Abstract ( )   PDF (927KB) ( )   Save This paper reached the conclusion that the trade between China and Iran are closely linked by using TI,that bilateral trade at category 2 crude materials,inedible,except fuels,category 3 mineral fuels,lubricants and related material,category 6 manufactured goods classified chiefly by material,category 7 machinery and transport equipment,and category 8 miscellaneous manufactured articles are most complementary by using TCI,and that the complementarity is actually the one between industries by using TSC.Finally,based on the gravity model,it is concluded that both GDP,US sanctions and bilateral energy agreements,trade agreements have significant impacts on trade between China and Iran,and proposes to optimize commodity trade structure,promote nuclear issue solution,and actively carry out oil and gas policy dialogues,and so on. References | Related Articles | Metrics

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The Incentive Effect of Audit Committee and Earnings Quality——Based on the Comparison of Effective Demand and Opportunism Hypotheses Liu Xiyou, Han Jinhong 2015, (5):  28-36.  Abstract ( )   PDF (844KB) ( )   Save The“demand”hypothesis,viewing audit committee as an important part of corporate governance mechanism,holds that firms with greater agency costs are more likely to have an audit committee.In comparison,the“opportunistic behavior”hypothesis predicts that the bargaining power of the CEO relative to the rest of the board of directors will determine the level of composition of the board and the extent of board monitoring.We examine the causes and consequences of firms’voluntarily adoption of the audit committee, using a sample of China firms from 2001 to 2008 when no regulations or listing rules existed for audit committees and empirically investigate the validity of these two hypotheses and further compare the quality of accounting numbers produced by firms with and without an audit committee.After controlling for various other factors,we find that the“demand”and“opportunistic behavior”are not mutually exclusive and they both can have some degrees of explaining the adoption of the audit committee,and firms with an audit committee have not higher quality earnings than firms without. References | Related Articles | Metrics

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An analysis of the Influencing Factors of the Collaborative Innovation Capability of the Technological Enterprises in Xinjiang Huo Bin, Ma Li 2015, (5):  37-44.  Abstract ( )   PDF (829KB) ( )   Save The development of science and technology plays a vital role in developing regional and national economy.Through the analysis of the present situation of the collaborative innovative ability of Xinjiang science and technology enterprises as well as the empirical research on its influencing factors,it shows that the innovative talents of science and technology,capital,cooperation mode,risk and profit allocation mechanism are positively related to the collaborative innovative ability of Xinjiang science and technology enterprises.Therefore,effective measures should be taken by optimizing the utilization of the science and technology talent resource,optimizing financing channels to ensure supply of funds,promoting collaborative innovation cooperation model and improving the risk and the interest distribution mechanism,and so on. References | Related Articles | Metrics

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An Analysis of Developing High and New Tech Enterprises in Xinjiang Wang Yongmao, Dong Mei, Zhang Qijiang 2015, (5):  45-53.  Abstract ( )   PDF (1057KB) ( )   Save High and new tech enterprises in Xinjiang have kept developing with their number and output growing rapidly between the year 2011 and 2013.However,the overall development scale of high and new tech enterprises in Xinjiang has not yet changed.Meanwhile, there has been obvious imbalance in regional distribution, industry distribution and technical field distribution.For innovation research, high-tech enterprises in Xinjiang have been maximizing funds and personnel input.In contrast, fiscal investment in innovation is not enough.Those enterprises in manufacturing and new-tech fields have contributed to invention patents greatly.High and new tech enterprises have been weak in improving industrialization,which prevent high and new tech industry upgrading.For policy support from the government,high and new tech enterprises in Xinjiang benefit from preferential policies made by the central government and local governments in different levels. Finally,suggestions on how to realize balanced development,improve the scientific and technological innovation system,promote the development of industrialization, and perfect policy and social service system are proposed. References | Related Articles | Metrics

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An Analysis of the Fluctuation of Cotton Processing Ability and Influencing Factors in Xinjiang Chen Yulan, Feng Lichao, Su Wuzheng 2015, (5):  54-59.  Abstract ( )   PDF (727KB) ( )   Save This paper, taking acquisition processing enterprises of cotton as an example,employs statistical analysis method and coefficient of variation method to discuss the situation of cotton processing,processing capacity of the cycle fluctuation and influencing factors in Xinjiang.The results show that the number of cotton processing enterprises and the inspection ability of cotton are showing a steady upward trend after the new system reform.There were five cycles in cotton processing capacity.The longest period lasted for 7 years, the shortest period 4 years from 1990 to 2014.Analysis shows that: the number of cotton processing enterprises in Xinjiang and the inspection ability of cotton are showing a steady upward trend after the new system reform. It is a longer period of time of processing capacity fluctuations situation.Cotton processing cost is the main factor which is affecting the processing capacity of the enterprise. References | Related Articles | Metrics

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Structure and Role of Foreign Capital Banks in the Five Central Asian Countries Sun Yu 2015, (5):  60-65.  Abstract ( )   PDF (627KB) ( )   Save Banking industry has tended toward more liberal and opening in five Central Asian Countries since they become independent and has become one of the industries that attract foreign investment. liberalization and opening of banking industry depends on its accession system which leads to disparity of these countries.This paper analyzes the structure of the foreign capital banks and the role in banking industry in these five Central Asian Countries based on the accession system of these countries to make clear the investment potential of the banking industry in these countries and the opportunities for China’s capital to enter into the industry. References | Related Articles | Metrics

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A Research on Hazard and Risk of Kazakhstan’s Currency Security Zhou Lihua 2015, (5):  66-74.  Abstract ( )   PDF (1168KB) ( )   Save Since the Kazakhstani tenge has been issued,the internal value of tenge is relative stable,however,its external value is unstable.The reason is the control of inflation by the Kazakhstan’s central bank is strong.However,under the policy of the increasing of economy by improvement of exports and imports industry through depreciation. The Kazakhstan’s central bank made official devaluation for many times by using the fixed exchange rate system. While the implementation of floating exchange rate system intensified the rapid fluctuation of the tenge’s external value.The appreciation of tenge is restricted by the decreasing of the growth rate of Kazakhstan’s economy,the reduction of favorable balance of trade,the decline of international reserves and the increasing of foreign debt scale. Russian crisis,the fall in oil prices and the appreciation of US dollar increased the external motivation of the depreciation of tenge.The implementation of floating exchange rate system enhanced the difficult of maintaining the stable of tenge.The currency risk of the tenge has became to a problem.China is one of the Kazakhatan’s most important trade and investment partners.The uncertainty of tenge’s exchange rate will influence the economic profits of China’s relevant principals.Therefore,the construction of protection system of tenge’s insecurity and risk is imperative. References | Related Articles | Metrics

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An Analysis of Xinjiang Image Construction——Based on the Data from the“Tianshannet”in Xinjiang Jiao Ruowei, He Xiangyu 2015, (5):  75-80.  Abstract ( )   PDF (772KB) ( )   Save The image of a country greatly influences the status of this country in the international community and the construction of international relations.The advancement of the idea of “One Belt and One Road” and the unique regional position make Xinjiang the focus in the world. Based on the analysis of the annual comprehensive report of the “Tianshannet” in 2013, the paper finds that the description of the image of Xinjiang in the political,economic,social and cultural aspect in the Chinese channel is not complete,among which,the political image of Xinjiang is vague,the social image is fragmented,and reports on modern economy and trade are obviously insufficient.And what’s more,the framework of cultural diversity ignores the cultural modernity in Xinjiang. References | Related Articles | Metrics