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Between domestic financial institutions and foreign or joint venture ones in China, which ones do Chinese people give better assessment to? And what factors affect those comparative assessments? With a household survey in nine cities in China in 2006, we find that China¡¯s domestic financial institutions are considered better than foreign or joint venture ones in terms of financial products, communication with investors, security and prudence, operation standardization and service attitudes. When taken into account the endogeneity of people¡¯s trust on government regulation agencies, empirical results show that people¡¯s more attention to returns or the more trust on government regulation agencies leads to their better assessments on domestic financial institutions than foreign or joint venture ones. The policy implications are: Chinese governments have to take measures to improve residents¡¯ trust in governmental regulation and create a fair competition environment for domestic and foreign financial institutions in China. Domestic and foreign financial institutions make efforts to develop a higher rate-of-return and attractive financial products to service more customers.

This paper investigates the effects two government funding structures (cost sharing v.s. performance reward) on private R&D and firm growth in China. The results show that central government tends to subsidy firms' R&D using a performance reward structure, which may reduce the return of private R&D. However, the local government tends to adopt the cost sharing structure, which can increase the return of private R&D.

By building the dynamic four-game model whose main bodies include science & technology SME borrowers, banks, government and security agencies, this article analysis the main bodies' optimal behavior under the sub-game perfect equilibrium in the credit market, and discuss the conditions which need to be reached to achieve this equilibrium. It is shown that the Government's science and technology investment play a crucial role in the micro-financing mechanisms for small and medium enterprises.

The susceptibilities to hydrogen irreversible damage of a high carbon steel 86CrMoV7, heat treated to tempered martensite, lower bainite and pearlite were studied by assessment of the critical size for unstable growth of microcracks by simultaneously using the Baranowski's fugacity-pressure data and solving diffusion equations and were also studied by measuring the loss of ultimate tensile strength after hydrogen charging and then baking treatments. It was found that the critical crack sizes for different microstructures are 10, 44 ana 140 μm and the loss in UTS which can be mainly attributed to irreversible damage amount 70, 13 and 0% respectively.