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The invention of paper has had a significant impact on the world, particularly in the realm of artistic expression. From its earliest precursor, papyrus, used in ancient Egypt, to the development of papermaking in China, paper has played a crucial role in the communication of culture, the advancement of the written word, and the progression of art. Despite the rise of digital media and the push for a paperless society, paper remains important as a surface for all media and as a handmade art form. The evolution of papermaking techniques and its use in various artistic mediums, such as illuminated manuscripts, prints, and watercolors, has contributed to the democratization of art and the exploration of new artistic possibilities. Today, artists continue to value the tactile qualities of paper, even as we move towards a more digital future. [Extracted from the article]

According to the survey of China Paper Association(CPA), in 2022, there are approximately 2,500 paper and paperboard manufacturers in China. Total paper and paper board output registered 124 million tons, up2.64% compared with 2021; paper and paper board consumption was also 124 million tons, down 1.94%; per capita consumption was about 88 kg (population: 1.4 billion). From 2013 to 2022, paper and paper board production grows at an average annual rate of 2.32%, while consumption grows at an average annual rate of 2.67%. In 2022, total pulp, paper, paper board and paper products output amounts to 284 million tons, up 1.32% compared with 2021, in which paper and paperboard output was124 million tons (+2.64%), pulp output was 86 million tons (+5.01％), and paper products output was 74 million tons (-4.65％). Total business revenue registered 1520 billion yuan in 2022, increased by 0.44%; profits totaled 62 billion yuan, declined by 29.79% compared with 2021. According to the Statistics, 2,561 paper manufacturers are included in the survey. From January to December in 2022, their total main business revenue was 890 billion yuan; industrial added value increased by 0.20%; finished goods inventory valued 48 billion yuan, up 12.17%; profit totaled 34 billion, down 37.54%; total assets registered112 million; the asset-liability ratio was 57.64% and liabilities value totaled 645 billion yuan. Among all the paper companies in China, there were 770 companies in the red, taking up 30.07% of all. The import volume of paper and paper board was about 8 million tons (-23.30％), pulp import was 30 million tons (-2.88％), waste paper 570,000 tons (+5.56％), and paper products 160,000 tons (-42.86％).The export volume of paper and paperboard was about 8.6 million tons (56.86％), pulp export was 266,800 tons (+73.02％), waste paper 300 tons (-75.00％), and paper products 5 million tons (+13.70％). 2022 is the most difficult year for China 's paper industry since the global financial crisis in 2008. The whole industry has experienced multiple pressures such as demand contraction and supply chain disruption. In addition, the rising prices of raw materials and energy have further increased the cost of enterprises and greatly reduced economic benefits. Although difficulties have increased, the paper industry has made unremitting efforts to overcome unfavorable factors, achieved a steady increase in production and ensured the market supply of paper products. [ABSTRACT FROM AUTHOR]

June 2023 is the 22nd Production Safety Month in China. So how can the paper industry do a good job in production safety and discharge major hidden dangers? This article introduces seven major safety hazards faced by paper companies, and how to deal with them. [ABSTRACT FROM AUTHOR]

Copyright of China Pulp & Paper Industry is the property of China Pulp & Paper Industry Publishing House and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of China Pulp & Paper Industry is the property of China Pulp & Paper Industry Publishing House and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of China Pulp & Paper Industry is the property of China Pulp & Paper Industry Publishing House and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of China Pulp & Paper Industry is the property of China Pulp & Paper Industry Publishing House and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of China Pulp & Paper Industry is the property of China Pulp & Paper Industry Publishing House and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article reports that the U.S. exports of scrap paper and forest products declined for the fourth consecutive year in 2021, as the industry struggled to recover from China's reluctance to accept stricter environmental restrictions in receiving countries, and low vessel schedule reliability that has led to jammed warehouses and lost sales. It mentions about imports of mixed paper under its Green Sword policy and expanded those prohibitions to imports of solid paper waste.

Asia Pulp & Paper Co. has reportedly entered the bidding for a stake in Vinda International Holdings Ltd., a Hong Kong-listed tissue maker. The Indonesian pulp producer has submitted a preliminary proposal to buy Vinda stock from its majority owner, Essity AB, at a price of over HK$20 per share. APP already sells tissues in China under various brands. Other potential suitors may also emerge, and there is no certainty that APP will proceed with a binding bid. Vinda owns one of China's top tissue brands and also produces products for feminine care, baby care, and incontinence. [Extracted from the article]

Paper cutting is an ancient art in China largely performed by women in the countryside. Using red paper, they cut festive and auspicious images which are hung on doorways, windows, and elsewhere. For centuries the images and techniques survived in rural China. Recently such papercuts have become the focus of collectors, national programs, and professors who are dedicated to preserving the native art. Modern artists have taken this ancient art and transformed it into a new and exciting form of contemporary expression. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to examine the effects of energy technological innovation on carbon emissions in China from 2001 to 2016. Design/methodology/approach: Conditional mean (CM) methods are first applied to implement our investigation. Then, considering the tremendous heterogeneity in China, quantile regression is further employed to comprehensively investigate the potential heterogeneous effect between energy technological innovation and carbon emission intensity. Findings: The results suggest that renewable energy technological innovation has a significantly positive effect on carbon emission intensity in lower quantile areas and a negative effect in higher quantile areas. Contrarily, fossil energy technological innovation exerts a negative correlation with carbon emission intensity in lower quantile areas and a positive effect on carbon emission intensity in higher quantiles areas. Originality/value: Considering that energy consumption is the main source of CO2 emissions, it is of great importance to study the impact of energy technological innovation on carbon emissions. However, the previous studies mainly focus on the impact of integrated technological innovation on carbon emissions, ignoring the impact of energy technological innovation on carbon emissions mitigation. To fill this gap, we construct an extended STIRPAT model to examine the effects of renewable energy technological innovation and fossil energy technological innovation on carbon emissions in this paper. The results can provide a reference for the government to formulate carbon mitigation policies. [ABSTRACT FROM AUTHOR]

In 2023, China's mechanical paper and paperboard output recorded 144 million tons, a year-on-year increase of 6.6%; paper enterprises above designated size achieved operating income of 1393 billion yuan, a year-on-year decrease of 2.4%; total profits was 51 billion yuan, a year-on-year increase of 4.4%. The coming period will be a critical period for the transformation and upgrading of China's papermaking industry. Facing the complex and ever-changing external environment, we must focus on promoting innovative breakthroughs, quality improvement and upgrading in the paper industry, and enhancing the core competitiveness of independent brands. Starting from this issue, the column "Annual Summary" is launched to review the development of China's paper industry in 2023 from multiple perspectives. This issue summarizes the development of some influential pulp, paper, and related enterprises, outlining the annual development of the industry. Now let’s review the achievements and development highlights of these companies in 2023. [ABSTRACT FROM AUTHOR]

A recent study conducted by researchers at Dalian Polytechnic University in China has explored the use of paper-based microfluidic chips for detecting food safety issues. These chips offer a compact, cost-effective, and efficient method for rapid detection of hazards in food. The study focuses on the functionalization of these chips and provides an overview of their applications in colorimetric analysis, fluorescence analysis, and surface-enhanced Raman spectroscopy. The researchers also discuss the challenges and future prospects of these analytical methods in facilitating swift and reliable food safety assessment. This research is important for addressing the paramount concerns of food safety and quality in order to ensure human well-being. [Extracted from the article]

China's 50-yuan note features a controversial ruler, Mao Tse Tung, and the Potala Palace in Tibet, which was once the Dalai Lama's winter home. The note has a unique design, with a changing serial number and a watermark of Mao. Mao's leadership was marked by the persecution of intellectuals and dissidents, as well as the destruction of cultural artifacts. The Potala Palace, known for its strong cultural significance, is depicted on the back of the note. Collectors interested in world leaders, China, Tibet, and the Dalai Lama may find this note appealing. [Extracted from the article]

China has released new rules for its national carbon market in an effort to reduce an oversupply of permits and encourage large polluters to transition to greener practices. The rules include stricter limits on carrying over unused permits from previous years and a ban on borrowing allowances from future years. These changes aim to create a "slight shortage" of allowances in the market, as opposed to the early years when an abundance of free allowances kept prices low and limited the incentive for power companies to reduce emissions. The market, which began trading in 2021, has faced criticism for its limited impact on emissions in the world's largest polluter. The new rules also set emissions targets for power utilities and require annual compliance reporting. The rules will not constrain power generation, will benefit the most efficient plants, and will continue to exempt gas-burning plants. The market price for allowances has risen since February in anticipation of tighter policies and an earlier compliance deadline. [Extracted from the article]

A new report from the University Department of Life Sciences and Public Health discusses the potential of personalized medicine (PM) to revolutionize healthcare by tailoring treatments to individual patients based on their data. The report highlights the need for the seamless integration of innovative technologies and collaboration between the European Union (EU) and China in the field of personalized medicine. A Delphi survey was conducted to identify key priorities for the implementation of personalized medicine, including data interoperability, standards, security measures, international partnerships, cost-effectiveness, and value assessment. The effective implementation of new technologies in personalized medicine is crucial for advancing healthcare systems in both Europe and China. [Extracted from the article]

Purpose: The paper's purpose is to investigate the effects of digital finance on the risk of stock price crashes and the underlying transmission mechanisms, and to provide suggestions to inhibit the stock crash risk (CR). Design/methodology/approach: This paper selects all companies that were listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2011 to 2020. It then uses the two-way fixed effect model and the intermediary effect model to verify such effects. Findings: The overall outcomes demonstrate such a result that the CR of listed companies in China can be significantly reduced by the development of digital finance, and the overall transparency of business financial information and the equity pledge of controlling shareholders are the two underlying transmission mechanisms that digital finance can cause effects on the CR of stocks. Research limitations/implications: The main limitations are that there may exist some problems in the method for evaluating the CR of stocks. And there may be a problem of endogeneity caused by the empirical model cannot control all correlation variables. Practical implications: This paper would provide policy implications, for different roles, to inhibit the stock CR and to make the development of the economy more stabilize. Social implications: Digital finance can promote economic development while restraining financial risks at the same time. Therefore, although this study is based on the relevant data from China, it can also provide a reference for other economies with different basic conditions from China, to promote the overall development of the world economy. Originality/value: The current academic research on digital finance or stock price CR has been relatively sufficient, but there are few papers that combined both. By combining digital finance with stock CR, this paper researches the influence of digital finance on the CR of stocks through empirical analysis. So, this paper would provide new research ideas and evidence for potential influence factors of the CR of stocks, fill the gap in this research field and provide certain help for subsequent scholars to conduct relevant research. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this study is to investigate the impact of the accounting system reform on corporate innovation behavior and the heterogeneity and underlying mechanisms of this impact. This paper further aims to study the impact of accounting system reform on corporate value. Design/methodology/approach: This study takes China's A-share listed corporates as a sample and uses the exogenous policy shock of the implementation of the New Accounting Standards in 2007 to design the identification strategy of propensity score matching and difference-in-differences method. By comparing the differences between the innovation level of corporates in high-tech industries and non-high-tech industries before and after the implementation of the New Accounting Standards, the impact of the accounting system reform on corporates' innovative behavior can be identified. Findings: Results show that compared with corporates in traditional industries, high-tech corporates obtained higher patent output after the implementation of the New Accounting Standards. This reform mainly affects corporate innovation by improving corporate risk-taking. In addition, this paper finds that the reform of the accounting system has increased the market value of high-tech corporates in the long run. Originality/value: This study provides new empirical evidence for addressing the insufficient innovation incentives for market entities and enriches the existing literature on the economic effects of the change of accounting systems and the influencing factors of corporate innovative behavior from the accounting system perspective. [ABSTRACT FROM AUTHOR]

Copyright of Productronic is the property of Dokumentations- und Informationszentrum (DIZ) Munchen GmbH and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The Chinese Ministry of Foreign Affairs has released a position paper on resolving the Palestinian-Israeli conflict. China emphasizes the need for an immediate ceasefire, the safety of humanitarian corridors, and preventing the expansion of the conflict. China proposes implementing a comprehensive ceasefire, protecting civilians effectively, ensuring humanitarian assistance, enhancing diplomatic mediation, and seeking a political settlement based on the two-state solution. China calls for a more broad-based international peace conference to formulate a concrete timetable and roadmap for the implementation of the two-state solution. [Extracted from the article]

(Bloomberg) -- China's Covid protesters are turning to a non-confrontational tactic in a bid to get their message of discontent across while trying not to run afoul of the law: holding up blank sheets of paper in public spaces like street corners, metro stations and city centers. Demonstrators in cities like Hangzhou and Beijing's Tsinghua University have been filmed being approached by police for demonstrating, although it is unclear if they were arrested. [Extracted from the article]

(Bloomberg) -- China has ample tools to stabilize the foreign-exchange market even if the yuan enters a "panic" slide, according to a commentary in the Chinese central bank-backed Financial News. China Has Ample Tools Even in "Panic" Yuan Drop, PBOC Paper Says Here Are the Tools That China Uses to Manage the Yuan: QuickTake Yuan depreciation since mid-May has been due to short-term factors related to China's economic recovery not meeting expectations in the market, it said. [Extracted from the article]

Purpose: The relationship between industrial policy and exploratory innovation is imperfect. Design/methodology/approach: The authors use Chinese high-tech enterprise identification policy (HTEP) as a natural experimental group to test policy impacts, spillover effects and mechanisms of action. Findings: First, HTEP promotes exploratory innovation. In addition, HTEP has a greater impact on non-exploratory innovation. Second, HTEP has spillover effects in two phases: HTEP (2008) and the 2016 policy reform. HTEP affects exploratory innovation in nearby non-high-tech firms, and the policy effect decreases monotonically with increasing distance from the treatment group. Third, HTEP affects innovation capacity through financing constraints, technical personnel flow and knowledge flow, which explains not only policy effects but also spillover effects. Fourth, the analysis of policy heterogeneity shows that the 2016 policy reforms reinforce the positive effect of HTEP (2008). By deducting the effects of other policies, the HTEP effect is found to be less volatile. In terms of the continuity of policy identification, continuous uninterrupted identification has a crucial impact on the improvement of firms' innovation capacity compared to repeated certification and certification expiration. Finally, HTEP has a crowding-out effect in state-owned enterprises and large firms' innovation. Originality/value: This paper contributes to the existing literature in several ways. First, the authors enrich the literature on industrial policy through exploratory innovation research. While previous studies have focused on R&D investment and patents (Dai and Wang, 2019), exploratory innovation helps firms break away from the inherent knowledge mindset and achieve sustainable innovation. Second, few studies have explored the characteristics of industrial policies. In this paper, the authors subdivide the sample into repeated certification, continuous certification and certification expiration according to high-tech enterprise identification. In addition, the authors compare the differences in policy implementation effects between the 2016 policy reform and the 2008 policy to provide new directions for business managers and policy makers. Third, innovation factors guided by industrial policies may cluster in specific regions, which in turn manifest externalities. This is when the policy spillover effect is worth considering. This paper fills a gap in the industrial policy literature by examining the spillover effects. Finally, this paper also explores the mechanisms of policy effects from three perspectives: financing constraints, technician mobility and knowledge mobility, which can affect not only the innovation of beneficiary firms directly but also indirectly the innovation of neighboring non-beneficiary firms. [ABSTRACT FROM AUTHOR]

Purpose: At present, the scale of China's floating population has reached 376 million people. Compared with the local inhabitants, the poverty problem of the floating population is more complex, and this problem should also attract the attention of all sectors of society. This paper aims to measure and analyze the multidimensional poverty of the floating population in China. Design/methodology/approach: The data used in this paper are the data of the China Migrants Dynamic Survey (CMDS) in China. This survey is a large-scale national migratory population sampling survey organized by the China National Health Commission, covering 31 provinces (autonomous regions and cities) and other autonomous regions. This paper uses the dynamic monitoring and Alkire and Foster (A-F) method to study the multidimensional poverty problem of the floating population. Findings: This study finds that income poverty is no longer the main type of poverty faced by the floating population. The multidimensional poverty of the floating population mainly occurs in the social security and education dimensions, of which social security has become the most severe poverty dimension of the floating population. From the perspective of group differences, compared with the floating population in urban areas, the multidimensional poverty of migrant workers is more serious. However, the poverty of migrant workers is mainly concentrated in one-dimensional poverty and two-dimensional poverty. Social implications: In the future, the authors should focus on the social security of the floating population in the place of influx and the education of the floating population. Originality/value: Through the review of the existing literature, the authors find that the current research on the multidimensional poverty of the floating population is mainly concentrated on the migrant worker groups that move from rural areas to urban areas. However, insufficient attention is paid to the urban floating population groups moving between cities. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to explore the impact of digital inclusive finance (DIF) on regional economic growth and innovation-driven development. Design/methodology/approach: Based on the panel data of 31 provinces (autonomous regions and municipalities directly under the central government) in China from 2011 to 2018, this paper explores the impact of DIF on economic growth and innovative development. Findings: (1) DIF has a direct positive effect on economic growth and innovative development; (2) there is significant regional heterogeneity in the impact of DIF on economic growth and innovative development. (3) DIF can indirectly affect economic growth and innovative development by increasing residents' personal disposable income, increasing fiscal expenditure and improving educational level. Social implications: Exploring the relationship between them and digital inclusive financial development can provide a reference for national productivity construction and development. Originality/value: Economic growth and innovation-driven development have been one of the main concerns of China's policymakers. Exploring the relationship between them, digital inclusive financial development can provide a reference for national productivity construction and development. [ABSTRACT FROM AUTHOR]

The US and Canada brought down three high-altitude airborne objects this month, including one Washington said was sent deliberately by China for surveillance. (Bloomberg) -- China is getting ready to take down an unidentified object flying over waters near the port city of Qingdao, which is home to a major naval base for the People's Liberation Army, Chinese news outlet The Paper reported. [Extracted from the article]

An employee at the marine development authority of Qingdao's Jimo district said "relevant authorities" are preparing to bring down the object, the report said. (Bloomberg) -- China is getting ready to take down an unidentified object spotted flying over waters near the port city of Qingdao, The Paper reported. [Extracted from the article]

Purpose: In this paper, the complex flow evaporation process of droplet impact on the liquid film in a horizontal falling film evaporator is numerically studied based on smoothed particle hydrodynamics (SPH) method. The purpose of this paper is to present the mechanism of the water treatment problem of the falling film evaporation for the high salinity mine water in Xinjiang region of China. Design/methodology/approach: To effectively characterize the phase transition problem, the particle splitting and merging techniques are introduced. And the particle absorbing layer is proposed to improve the nonphysical aggregation phenomenon caused by the continuous splitting of gas phase particles. The multiresolution model and the artificial viscosity are adopted. Findings: The SPH model is validated qualitatively with experiment results and then applied to the evaporation of the droplet impact on the liquid film. It is shown that the larger single droplet initial velocity and the smaller single droplet initial temperature difference between the droplet and liquid film improve the liquid film evaporation. The heat transfer effect of a single droplet is preferable to that of multiple droplets. Originality/value: A multiphase SPH model for evaporation after the droplet impact on the liquid film is developed and validated. The effects of different factors on liquid film evaporation, including single droplet initial velocity, single droplet initial temperature and multiple droplets are investigated. [ABSTRACT FROM AUTHOR]

(Bloomberg) -- Chinese question-and-answer website Zhihu Inc., which went public in the U.S. in March this year, is said to be considering another initial public offering in Hong Kong, local media the Paper reported Saturday. Zhihu told the Paper an ownership change is standard practice for Chinese companies that list overseas, and the major shareholders and their stakes in the company are unchanged. [Extracted from the article]

Purpose: Since 2017, China's digital economy has accounted for more than 30% of the country's GDP. The digital economy has become the main driving force of China's economic development. Moreover, the digital economy has also changed the traditional modes of production and distribution between urban and rural areas. This paper aims to explore the influential mechanism of digital economy infrastructure (DEI) on the urban-rural income gap (URIG). Design/methodology/approach: By analyzing the theoretical model of the URIG, this paper constructs a theoretical analysis framework and clarifies the key roles of rural land circulation (RLC) and resident population urbanization (RPU) in the relationship between DEI and the URIG. Findings: The DEI can effectively reduce the URIG; the regression coefficient (RC) was −0.109. The reduction effect is mainly reflected in: 1) the wage income gap between urban and rural residents (RC = −0.128) and 2) the net property income gap of urban and rural residents (RC = −0.321). Also, for the spatial spillover effect, the path effect of "DEI – RLC – URIG" is almost equal to the path effect of "DEI – RPU – URIG"; for the local effect, the path effect of the former is far smaller than the latter. Moreover, when the RPU reaches the threshold of 86.29%, the DEI will expand the URIG (RC = 0.201). Originality/value: This paper proposes a theoretical framework for the impact of DEI on the URIG, explores the mechanism of RLC and RPU in the DEI and URIG and enriches the theory of traditional research on URIG. [ABSTRACT FROM AUTHOR]

(Bloomberg) -- China published new regulations for its national carbon market that are unlikely to reduce an oversupply of allowances keeping trading activity constrained and prices low. The government initially gave out so many allowances, though, that market participants ended up with a surplus, suppressing trading and leaving prices at just a fraction of what they are in the more mature and active European carbon market. [Extracted from the article]

(Bloomberg) -- China's southern manufacturing powerhouse Guangzhou is charting an unexpected course in the world's last remaining Covid Zero country, resisting a mass lockdown despite racking up more than 2,500 local infections a day. China's Factory Hub Takes Risky "Light-Touch" Path Amid Outbreak "However, due to Guangzhou's special status, even a soft approach does not necessarily mean China is likely to quickly end its zero Covid strategy nationally.". [Extracted from the article]

Purpose: This study aims to improve the offshore wind farm (OWF) site selection evaluation index system and establishes a decision-making model for OWF site selection. It is expected to provide helpful references for the progress of offshore wind power. Design/methodology/approach: Firstly, this paper establishes an evaluation criteria system for OWF site selection, considering six criteria (wind resource, environment, economic, technical, social and risk) and related subcriteria. Then, the Criteria Importance Though Intercrieria Correlation (CRITIC) method is introduced to figure out the weights of evaluation indexes. In addition, the cumulative prospect theory and technique for order preference by similarity to an ideal solution (CPT-TOPSIS) method are employed to construct the OWF site selection decision-making model. Finally, taking the OWF site selection in China as an example, the effectiveness and robustness of the framework are verified by sensitivity analysis and comparative analysis. Findings: This study establishes the OWF site selection evaluation system and constructs a decision-making model under the spherical fuzzy environment. A case of China is employed to verify the effectiveness and feasibility of the model. Originality/value: In this paper, a new decision-making model is proposed for the first time, considering the ambiguity and uncertainty of information and the risk attitudes of decision-makers (DMs) in the decision-making process. [ABSTRACT FROM AUTHOR]

Purpose: This paper investigates the effect of business environment distance on innovation performance of emerging market multinational enterprises (EMNEs) and explores the mediating effect of absorptive capacity between the two, and it further analyzes the moderating effect of skilled migrants in the relationship between business environment distance and absorptive capacity. Design/methodology/approach: An empirical analysis based on a fixed effect model is conducted using data of Chinese MNEs listed on the Shanghai and Shenzhen Stock that expand into developed markets from 2011 to 2018. Findings: The results suggest business environment distance positively affects the innovation performance of EMNEs, and can enhance innovation performance by affecting absorptive capacity of EMNEs. In addition, skilled migrants strengthen the relationship between business environment distance and absorptive capacity of EMNEs. Practical implications: Chinese MNEs should fully exploit business environment distance to acquire the technology needed for innovation activities, and strengthen absorptive capacity to maximize the benefits from innovation. Chinese government needs to strengthen the construction of skilled migrants to facilitate knowledge and technology transfer. Originality/value: Combining springboard theory and institutional theory, this paper integrates macro and micro perspectives to explore whether and how business environment distance affects innovation performance of Chinese MNEs. The paper provides a good theoretical basis and important practical reference value for enhancing the technological innovation capability of Chinese MNEs and the overall technological innovation level of China. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to research the relationship between income gap (IG) and green economic growth based on the perspective of economic inequality. Design/methodology/approach: Based on the panel data of 283 prefecture-level cities in China from 2011 to 2020, this paper uses the super slack based model (Super-SBM) to measure the efficiency of regional green economic growth, and constructs a regression model of the IG and regional green economic growth. Findings: Firstly, the IG has an inhibitory effect on the growth of regional green economy (GE). Secondly, the relationship between the IG and regional green economic growth will be affected by the threshold value of income level. Thirdly, environmental regulation and government competition will increase the inhibitory effect of the IG. Originality/value: According to the characteristics of China's regional economy, the researchers construct an empirical model of the IG and green economic growth to study their relationship, the threshold effect of income level and the moderating effect of environmental regulation and local government competition. The research content, methods and conclusions of this paper provide new evidence for the sustainable growth of China's regional GE. [ABSTRACT FROM AUTHOR]

A bibliometric analysis of publications in the journal Renal Failure between 1992 and 2021 was conducted by researchers at Asia University in Taiwan. The study compared publication indicators such as total articles, independent and collaborative publications, and citation indicators to assess the performance of countries, institutes, and authors. The findings revealed that China published the most articles and reviews in the journal, while the Chang Gung Memorial Hospital in Taiwan ranked highest in several publication indicators. The most popular research topics in the journal were related to hemodialysis, chronic kidney disease, and acute kidney injury. The study also found a limited relationship between highly cited papers and the journal's impact factor contributors. [Extracted from the article]

Purpose: This paper aims to enhance the Global Projection Model (GPM) developed by the International Monetary Fund by constructing a GPM4 model that includes the United States of America, the Eurozone, Japan and China. Design/methodology/approach: This article introduces the United States of America, the Eurozone, Japan and China into a comprehensive global forecasting model, analyzing the impact of liquidity management in G3 economies on nine key macroeconomic variables in China. Findings: The findings reveal that the liquidity management strategies employed by major economies do exert a certain influence on China's major macroeconomic variables. Different types of liquidity shocks elicit varying effects. Monetary shocks exhibit the strongest instantaneous impact, while credit conditions and policy rate shocks contribute more significantly to China's long-term macroeconomic fluctuations. However, no single shock stands out as the dominant factor. Originality/value: This paper attempts to expand the GPM model developed by the International Monetary Fund and build a GPM4 model including China, the United States of America, the Eurozone and Japan. For the first time, the GPM model was used to analyze the spillover effects of liquidity management in major economies on China's macroeconomy and revealed the impact of non-price factors such as credit conditions on China's macroeconomic variables. [ABSTRACT FROM AUTHOR]

Purpose: Under the influence of the digital economy, the digital transformation of manufacturing enterprises has attracted widespread attention from scholars at home and abroad due to its uniqueness and importance. However, the existing literature is still deficient in the inner mechanism of digital transformation and lacks research on the digital transformation process. Through in-depth interviews and rooted theory, this paper focuses on the key factors of digital development of manufacturing enterprises and constructs a model of the digital transformation process. Design/methodology/approach: This paper takes China's manufacturing enterprises as research projects. First, through a literature search, the authors proposed three key factors for constructing sustainable competitiveness from digital transformation, that is, core technology innovation, business model re-engineering and organizational structure optimization. Second, the authors adopted the grounded theory approach to identify three sustainable competitive factors of manufacturing enterprises resulting from digital transformation and constructed a theoretical model. Third, based on Chinese manufacturing enterprises data, the authors used an empirical study to validate the three influencing factors. Finally, the authors identified the inner mechanism of the digital transformation of enterprises and put forward suggestions for enterprises to maintain sustainable competitiveness. Findings: First, based on the existing literature, this paper identified the importance of digital transformation of manufacturing enterprises, and the essence of digital transformation of manufacturing companies was found to lie in the change in the combined effect of technological, market and organizational innovation. Second, based on the grounded theory, through in-depth interviews with manufacturing enterprises on digital transformation and open coding of interview transcripts, it was concluded that the key factors for the digital transformation manufacturing companies are core technology change, business model re-engineering and organizational structure optimization. Third, based on a dynamic perspective, the authors evaluated and validated digital transformation. The study found that manufacturing enterprises can improve their digital transformation capabilities through the trajectory of "core technology change – business model re-engineering – organizational structure optimization" to improve their sustainable competitive advantage. Originality/value: Firstly, this study proposed three key factors for constructing sustainable competitiveness from digital transformation, that is, core technology innovation, business model re-engineering and organizational structure optimization, which enriched the theory of transformation and upgrading. Secondly, this study constructs the structural equation model of digital transformation and discovers the key factors pf digital transformation. [ABSTRACT FROM AUTHOR]

Purpose: This paper investigates how the gap between the host country's actual and optimal financial conditions affects foreign direct investment (FDI) inflows through evidence from China. Design/methodology/approach: The authors first employ principal component analysis (PCA) to measure FDI target countries' actual financial conditions and use 30 OECD countries as a reference group to assess the optimal financial condition. The authors then estimate a two-way fixed effect model with panel data of China's outward FDI in 64 countries for the period 2003–2017 to get the regression results. The authors' results overcome endogeneity and are robust. Findings: Results show that (1) the gaps between host countries' actual and optimal financial conditions positively affect FDI inflows from China; (2) there is a heterogeneous effect between low-income and high-income countries. The gaps for high-income countries significantly increase FDI inflows from China, while the gaps are not significant for low-income countries. Research limitations/implications: The authors examine how the gap affects FDI inflows from China. An increase of 1% in the target country's gap promotes a 6.3% increase in FDI inflows. However, the authors do not explore what mechanisms are key to these results. The authors will explore these questions in the future. Originality/value: This paper complements the influence factors of FDI and enriches theories of FDI. The gap between actual and optimal financial conditions plays an essential role in FDI flows across countries for policymakers. [ABSTRACT FROM AUTHOR]

Purpose: This study empirically investigates the impact of directors' and officers' liability insurance on corporate environmental investment. Design/methodology/approach: This paper takes A-share listed firms in the most polluting industries from 2013 to 2019 as the research sample. The authors perform multiple regression analysis to examine the research question, and other approaches such as PSM and Heckman two-stage model are applied to test the robustness of the main results. Findings: The authors find that D&O insurance insured firms significantly decrease the level of corporate environmental investment. The results keep consistent after alleviating potential endogenous concerns. Further analysis shows that the negative association between D&O insurance and environmental investment is more pronounced in firms facing greater environmental pressure and stronger market supervision, and firms located in regions with a rich legal environment. Research limitations/implications: This research extends the literature on the antecedents of corporate environmental investment and the consequences of D&O insurance. Practical implications: The study may deepen people's understanding of D&O insurance and inform them of its negative effects. This research sheds light on the potential factor resulting in a relatively low level of corporate environmental investment in China, which has an important policy implication for government to carry out some regulations to make a difference. Originality/value: Against the backdrop that more importance has been attached to environmental protection globally, this paper is the first study to examine the impact of D&O insurance on corporate environmental investment in the context of the transitional and emerging market-China. [ABSTRACT FROM AUTHOR]

Purpose: This study intends to explore the relationship between digital finance and the vertical specialization of firms. The following questions are discussed: (1) As a representative new financial development model, what is the role of digital finance in the vertical specialization of firms? (2) If digital finance improves the level of vertical specialization of firms, what is the mechanism behind such improvement? (3) How does digital finance impact the vertical specialization of firms in different regions, industries, and firms? Design/methodology/approach: A two-way fixed-effect model of panel data is proposed to verify the relationship between digital finance and the vertical specialization of firms. This model is constructed by matching the city-level data of digital finance with the data of China's A-share listed companies from 2011 to 2018. Meanwhile, the instrumental variable (IV) method and difference-in-difference (DID) method are adopted to deal with the endogeneity problem of the model. Findings: The authors' study finds that digital finance has significantly improved the level of vertical specialization of firms. The result is robust under the endogeneity consideration and a series of robustness tests. After the dimensionality of the index is reduced, the depth of digital finance usage is more conducive to the improvement of the vertical specialization of firms compared with the width of digital finance coverage and the level of financial digitization. Digital finance mainly improves the level of vertical specialization of firms by reducing transaction costs and increasing the market thickness of the intermediate products. Moreover, digital finance has certain heterogeneity in promoting the vertical specialization of firms, an effect that is more significant in the eastern region, manufacturing industry and state-owned enterprises (SOEs). Research limitations/implications: The first limitation is the mechanism test. This research only analyzes the mechanism from transaction cost and the market thickness of the intermediate products. With the rapid development of information technology, digital finance will be further integrated into people's production and life. There will then be more mechanisms that should be explored between digital finance and the vertical specialization of firms. Another limitation is the data sample of this paper. The conclusions of this research are based only on the data of listed companies. However, in the authors' opinion, the specialization level of small and medium-sized enterprise (SMEs) should be higher. Therefore, the conclusions of this work are underestimated, which can be considered as the lower limit of digital finance for enterprise specialization. Social implications: As a favorable financing channel to supplement traditional financial service functions, digital finance plays a critical role in the operating efficiency of enterprises and the effective allocation of macro resources. The authors' research shows that digital finance has significantly improved the vertical specialization of firms. This conclusion provides guides to improve the production efficiency of enterprises and the quality of economic development. Originality/value: This paper has three main contributions. (1) The relationship between financial development and the vertical specialization of firms is innovatively discussed from the perspective of digital finance, which implies that digital finance can effectively promote the level of vertical specialization of firms. (2) This paper provides new perspectives and ideas to reveal the impact mechanism of digital finance on the real economy by systematically analyzing the mechanism of digital finance on the vertical specialization of firms from the perspectives of transaction costs and financing constraints. (3) The regional differences in the development of digital finance, industry differences in the vertical specialization of firms and differences in the nature of enterprise property rights are all under consideration, which improves the effectiveness and pertinence of digital finance in promoting the vertical specialization of firms. [ABSTRACT FROM AUTHOR]

Indonesian billionaire Sukanto Tanoto's Royal Golden Eagle is doubling down its investments in China with plans to build a $1.5 billion fiber manufacturing facility. [ABSTRACT FROM AUTHOR]

Seaborne iron ore prices trended downwards on Wednesday September 28, in response to a sell-off in derivatives ahead of China's Golden Week national holiday, with seaborne trading activity significantly lower than on Tuesday, sources told Fastmarkets. [ABSTRACT FROM AUTHOR]

Introduced in April 2022, China's "Global Security Initiative" is now two years old. This essay takes stock of the GSI's development since its introduction, examining and assessing how the GSI's content has been fleshed out, how it has been received by other states, and how its implementation has progressed. To date, the GSI's content remains vague and broad, most likely to increase support, pursue opportunistic implementation, and discredit the United States as a security actor. Formal support from other states, as reflected in including the GSI in joint documents, is limited. The GSI's implementation has been uneven, especially in Asia, with few regional organizations offering unqualified support and or pursuing cooperation under the banner of the initiative. Looking ahead, the prospects for the GSI and its implementation are mixed. [ABSTRACT FROM AUTHOR]