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This paper examines the impact of profitability, stock price performance and growth opportunity on the capital structure of firms in Singapore, Taiwan and Hong Kong. In contrast to Kayhan and Titman (2007), it is found that firms in these three Chinese-dominated economies strongly prefer debt to equity or internal fund financing. They also take advantage of stock price appreciation by issuing more shares. An adjustment model for debt ratios is estimated. The results suggest that the leverage ratios of these firms slowly adjust toward their target levels. Deviations from the target due to the pecking order and market timing effects are found to be significant. [ABSTRACT FROM AUTHOR]

This paper reviews some of the key issues in recent U.S.-China trade relations and outlines the macro environment for trade between the two, including their economic ties with Hong Kong and Taiwan. It first provides an overview of U. S. - China trade, including a description of historical trends, industry distribution, and the involvement of Hong Kong and Taiwan. The major sources of foreign direct investment in China are also discussed. The paper then goes on to discuss current key issues in U.S. - China trade, including China's application to the World Trade Organization (WTO), China's most-favored-nation (MFN) status, intellectual property rights protection, and the mounting U.S. trade deficit with China. The impact of these issues on Taiwan and Hong Kong is highlighted where appropriate. The paper also discusses briefly the future prospects of U.S. - China trade and related opportunities for Taiwanese firms. [ABSTRACT FROM AUTHOR]

Practitioners and researchers from China, the largest user of complementary and alternative medicine (CAM), have been publishing an increasing number of scientific articles in world-famous CAM journals in recent years. However, the status of CAM research in the three major regions of China, the Mainland, Taiwan and Hong Kong has, until now, not been reported. In this study, we compared articles from these three regions published in international CAM journals from 2000 to 2009 using PubMed database and the Journal Citation Reports. The study results showed that the number of published articles from Mainland China increased significantly from 2000 to 2009, particularly since 2005. Meanwhile, the number of published articles from Taiwan also increased, whereas those from Hong Kong remained steady. Clinical trials and randomized controlled trials from Chinese authors both took a small percentage of the total. The impact factors of the journals in which these articles were published suggested similar academic levels whereas the average number of citation of articles from the Mainland was less than those from the other two regions. Journal of Ethnopharmacology, American Journal of Chinese Medicine, Journal of Alternative and Complementary Medicine and Evidence-based Complementary and Alternative Medicine were the most popular journals for Chinese authors. [ABSTRACT FROM AUTHOR]