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25 December 2015, Volume 0 Issue 6 Previous Issue    Next Issue

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An Empirical Analysis of Factors Affecting REITs Investment Returns Huang Shida 2015, (6):  5-14.  doi: 10.16716/j.cnki.65-1030/f.2015.06.001 Abstract ( )   PDF (1026KB) ( )   Save Qianhai-Vanke launched the first public REITs in China opening the China's ice-breaking trip in public REITs, taking the importance of the real estate industry in the national economy structure into account, the future of REITs market must have broad prospects. However, because China has never launched REITs for a long time, investors may be unfamiliar with the factors that affect the investment return of REITs. Based on this, this paper selects part of the micro and macro factors and tests empirically how these factors affect the REITs investment returns. It was found that the return of REITs are mainly influenced by macro-economic factors, and only size factor affecting the return of REITs in micro-economic factors. References | Related Articles | Metrics

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On Building Cooperation Model and Mechanism of “Sub-regional Economic Circle around the Altai Mountains” Gao Zhigang, Wang Yanfang 2015, (6):  15-22.  doi: 10.16716/j.cnki.65-1030/f.2015.06.002 Abstract ( )   PDF (1367KB) ( )   Save Based on elaborating the experience of international sub-regional cooperation model and mechanisms, this paper has analyzed the current cooperation status of “Sub-regional economic circle around the Altai Mountains”, proposing that Altai regional cooperation needs to upgrade cooperation model and improve cooperation mechanisms. So from macro-level,it puts concept of “a core area with three wings” border free trade zone cooperation model. From micro-level, it puts forward five kinds of cross-border cooperation mode for enterprises to choose, and suggests building the China-Russia-Mongolia-Kazakhstan “Four-country and Six-party” multi-layer dialogue mechanism, Xinjiang participating in the decision-making and consultation of “Sub-regional economic circle around the Altai Mountain”, in dispute settlement mechanism, in the implementation of economic cooperation mechanism and in information exchange mechanism. References | Related Articles | Metrics

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An Analysis of Diversified Strategies Supported by Flexible Financial Resources of Enterprises——A Case Study of TBEA and Tianwei Liu Mingxu 2015, (6):  23-31.  doi: 10.16716/j.cnki.65-1030/f.2015.06.003 Abstract ( )   PDF (1009KB) ( )   Save Based on resources-based view, this paper analyzed the flexible financial management of two A-share listed companies -TBEA and Tianwei in implementing their diversified strategies and found that diversified strategy of the enterprise can not be separated from the support from the flexible financial resources. The diversified investment beyond the guarantee of the flexible corporate financial resources will easily lead to strategic failure. When a new business unit creates financial flexibility itself, the diversification strategy achieve success in its real meaning. References | Related Articles | Metrics

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The Governance in the Supply Chain of Blacken Agricultural (Food) under“Integration of Blocking and Dredging” Policy -Difficulties and Countermeasures Zhang Shengyi, Lin Qiuping, Wang Xue 2015, (6):  32-38.  doi: 10.16716/j.cnki.65-1030/f.2015.06.004 Abstract ( )   PDF (1043KB) ( )   Save Since the end of 20th century, waste oil has brought serious food security crisis in China. Our government has made some achievement by using the policy of “Integration of Blocking and Dredging” in blacken agricultural (food) supply chain. However, there are still a lot of restaurant garbage which failed to be disposed by the government’s formal channels so that “Black food” is still presented on people’s table. Therefore, this paper first analyzes the difficulties in control, law, restaurant-kitchen garbage recycling, “Black products” identification, critical control points and bio-energy enterprises and then puts forward suggestions to guarantee the safety of agro-supply chain quality from the sources. The suggestions include reestablishing control system and regulators’ regulation oriented to the whole process of supply chain; combining cracking down “underground economy” with normalized regulation of agro-industries; promulgating and consummating relevant technical standards and laws and regulations as soon as possible; establishing long-term effective mechanism on supervising restaurant garbage. References | Related Articles | Metrics

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On Consumption Structure Evolution of Residents in Xinjiang Li Hong 2015, (6):  39-47.  doi: 10.16716/j.cnki.65-1030/f.2015.06.005 Abstract ( )   PDF (1308KB) ( )   Save The consumption structure is the core content of consumption. It is not only the result of economic growth, it is also an important factor of economic growth. Consumption of residents in Xinjiang continued to expand, which obviously improves the consumption structure, but the ratio of consumption continues to decline. As a result, its contribution to the GDP growth is not stable, and the contribution rate is low. And what’s more, significant difference can be found in urban and rural areas, urban residents’ consumption structure upgrades faster than that of rural residents. During the period of “The thirteenth five-year plans”, it is of great necessity to attaching great importance to playing the fundamental role in residents’ consumption to promote economic growth, to improve the residents consumption rate; to adapt to economic development trend of the “new normal”, with an emphasis on increasing people’s income, developing the third industry, adjusting reasonably consumer prices, saving rigid consumer spending and vigorously promoting service consumption growth; and sparing no effort to expand the rural residents’ consumption from the perspective of the perfecting the favorable policies, expediting of transfer of rural surplus labor, improving rural consumption environment, and raising the level of farmers’ social security and placing more emphasis on peasants cultural consumption. References | Related Articles | Metrics

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On Development of Service Industry in Changji Hui Prefecture in Xinjiang Song Xiuhong, Yan Caishan, Wang Rui 2015, (6):  48-55.  doi: 10.16716/j.cnki.65-1030/f.2015.06.006 Abstract ( )   PDF (787KB) ( )   Save This paper, using the third national economic census data in 2013 and statistical materials of Changji Hui Prefecture from the year 2000 to the year 2014, analyzes the overall development and structure change of service industry of Chanji Prefecture. And the results showed that: the proportion of service industry in GDP continues to decline, which has affected the coordinated development of the three major industries; the proportion of traditional service industry is larger; the development of modern service industry lags behind; new services subject is to be expanded. To this end, this paper suggests the following measures should be taken to promote the further development of service industry in Changji, they are: to plan scientifically its service industry, to cultivate its market demand, to increase investment and optimize the structure of service industry investment, to open up new service field and build service industry headquarters economic zones. References | Related Articles | Metrics

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The Calculation and Analysis of Kazakhstan's Export Trade Interests Hu Guoliang, Yu Yang 2015, (6):  56-65.  doi: 10.16716/j.cnki.65-1030/f.2015.06.007 Abstract ( )   PDF (1229KB) ( )   Save This paper calculates and analyzes the export trade interests of Kazakhstan’s five major export products from 2006 to 2014 by building the index of export income share based on export income index. It concludes the export trade interests of Kazakhstan’s minerals has been increasing and it creates generous profits. However, in recent years, Kazakhstan's export structure has been adjusting. It increases the export of raw materials processing products and constantly improves the export trade interests. By comparison, it is found that the Kazakhstan's access to export interests is limited and its economic structure and policy is the most important reason. So when China promotes the trade cooperation with Kazakhstan, it is of great necessity to strengthen the policy communication, change the philosophy of cooperation and further expand the fields of cooperation in addition to energy and resources. And what's more, China would develop cooperation in agriculture, agricultural products processing, infrastructure, machinery manufacturing, clean energy, finance, transportation, business services, and social services and so on. References | Related Articles | Metrics

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The Development Path of Cross-border E-commerce in Xinjiang under Background of“Silk Road Economic Belt” Ren Hua, Cui Jinmei 2015, (6):  66-71.  doi: 10.16716/j.cnki.65-1030/f.2015.06.008 Abstract ( )   PDF (1004KB) ( )   Save In the era the Internet,cross-border e-commerce became an important part of modern service trade. This paper, based on the background of “Silk Road Economic Belt”,analyzes the status quo,problems and favorable conditions of the development of cross-border e-commerce in Xinjiang and holds that it has trouble in such aspects as talent, cross-border payments, international logistics,but it also has such favorable conditions as the policy support, “Five Big Centers” construction, small language rich talent pool,increasingly perfect international logistics transportation system,multilingual talents,studying abroad interactive education, the market effect and publicity effect of workers mutual flow, and so on. Therefore, it is suggested that weshould promote the development of cross-border e-commerce in Xinjiang through strengtheningpersonnel training,motivating the central Asian expansion of China's banking sector,Accelerating the process of cross-border electricity goods customs clearance facilitation,etc. References | Related Articles | Metrics

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An Analysis of the Group Difference of Urumqi Residents’ Sense of Happiness——Based on the Ordered Logistic Model Xiao Chunmei, HuoLuping 2015, (6):  72-78.  doi: 10.16716/j.cnki.65-1030/f.2015.06.009 Abstract ( )   PDF (796KB) ( )   Save To understand the situation of Urumqi residents’ satisfaction on the current life, this paper used the method of questionnaire and interview to collect the basic information of the residents in the city of Urumqi on their financial situation, social security, and the government public service. Then the survey data are analyzed through descriptive statistics and ordered logistic regression method. The result of ordered logistic analysis shows financial situation, social security, and the government public service are significantly correlated with residents’ satisfaction.However,residents of different occupations and different income levels are not the same for satisfaction of each factor. For this reason, the paper suggests that we should vigorously develop Urumqi economy to improve living standards; strengthen social security to create safe living environment; and beautify the living environment through the construction of ecological city; and perfect the social insurance system to improve residents’ well-being. References | Related Articles | Metrics