Opening Up China's Markets of Crude Oil and Petroleum Products
Opening Up China's Markets of Crude Oil and Petroleum Products

Author: Hong Sheng

Publisher: World Scientific Publishing Company Incorporated

Published: 2015

Total Pages: 308

ISBN-13: 9789814603966

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This book provides a comprehensive and unique perspective on China's oil and natural gas industry and a practical roadmap to undertake reforms. The book begins with a thorough examination of the status quo of China's oil and natural gas industry. It explores the evolution, transition, and characteristics of the oil industry of China, and unveils the problems that caused ineffectiveness of the oil and petroleum products market, namely, the dominance of monopoly enterprises, price regulation, and restriction to entry. It develops with an insightful analysis on the efficiency losses and welfare losses the monopoly system brings to the society as the current system distorts income distribution, violates the principle of fairness, and stands against the market rules and the legal pillars of the Chinese constitution. This book argues that the monopoly system in the oil industry of China results in a variety of toxic influences and should be reformed. It then offers a roadmap to undertake reforms in the oil and petroleum products market in an incremental fashion. The findings and proposals of the Chinese version of this book have proved to be a success as they led to immediate shifts in the policies of the Chinese authorities. This book provides valuable insights into the motivations and urgency to carry out reforms in the oil and petroleum products market of China with concrete and up-to-date statistics, comprehensive and detailed analyses, and authoritative and authentic sources.

Opening Up China's Markets Of Crude Oil And Petroleum Products: Theoretical Research And Reform Solutions
Opening Up China's Markets Of Crude Oil And Petroleum Products: Theoretical Research And Reform Solutions

Author: Hong Sheng

Publisher: World Scientific

Published: 2015-01-26

Total Pages: 307

ISBN-13: 9814603988

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This book provides a comprehensive and unique perspective on China's oil and natural gas industry and a practical roadmap to reforms.The book begins with a thorough examination of the status quo of China's oil and natural gas industry. It explores the evolution, transition, and characteristics of the oil industry of China, and unveils the problems that caused ineffectiveness of the oil and petroleum products market, namely, the dominance of monopoly enterprises, price regulation, and restriction to entry. It provides an insightful analysis on the efficiency losses and welfare losses the monopoly system brings to the society as the current system distorts income distribution, violates the principle of fairness, and stands against the market rules and the legal pillars of the Chinese constitution. This book argues that the monopoly system in the oil industry of China results in a variety of toxic influences and that reforms are needed. It then offers a roadmap to reforms in the oil and petroleum products market in an incremental fashion.The findings and proposals of the Chinese version of this book have proved to be successful, as they led to immediate shifts in the policies of the Chinese authorities. This book provides valuable insights into the urgency involved in carrying out reforms in the oil and petroleum products market in China, with concrete and up-to-date statistics, comprehensive and detailed analyses, and authoritative and authentic sources.

Research On Efficiency And Fairness Of Resources Allocation By China's Governmental Administration
Research On Efficiency And Fairness Of Resources Allocation By China's Governmental Administration

Author: Hong Sheng

Publisher: World Scientific

Published: 2019-06-13

Total Pages: 438

ISBN-13: 9813278625

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In China, the government controls a large part of resources, such as land, energy, bank savings, and so on. This book studies the efficiency and fairness of resources allocation by governmental administration in China. The book states that it is neither fair nor efficient to allocate resources by the governmental administrations. These resources should be allocated by the market.The book analyzes the resources allocation by government administration in three key areas namely education, health care, and land. A quantitive analysis is developed for describing more precisely the situation of unfairness in fiscal resources allocation. This book also describes how ordinary people address the misposition of resources by governmental administrations by migrating from the provinces with less resources to the provinces with more resources in education or health care. Thus, the book concludes that the actual allocation of resources is determined by the interactions between ordinary people and the government.

Industrial Overcapacity And Duplicate Construction In China: Reasons And Solutions
Industrial Overcapacity And Duplicate Construction In China: Reasons And Solutions

Author: Ping Li

Publisher: World Scientific

Published: 2019-05-03

Total Pages: 292

ISBN-13: 9813277297

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Since 2012, industrial overcapacity has become an increasingly serious problem in China, against the backdrop of domestic economic slowdown and continued downturn in international markets. Overcapacity is widespread in the traditional manufacturing sector, particularly in iron and steel, cement, electrolytic aluminium, flat glass, and ship-building industries. It is also grave in emerging industries such as polysilicon, solar cells, and wind power equipment.This book provides an overview on the overcapacity problem facing China and examines the main characteristics of overcapacity in some important industries. The book identifies two types of overcapacity: one is excess capacity that results from natural supply-demand dynamics or cyclical economic fluctuations under a relatively sound market system; the other is overcapacity caused by the overinvestment of enterprises under a flawed economic system. It probes into how overcapacity is caused and finds two contributors — change of growth model and institutional flaws. It explores to establish a long-term mechanism for solving the problem. The book concludes that China should establish a long-term mechanism to prevent and resolve overcapacity, and to establish healthy relationship between the market and the government.

Income Distribution And China's Economic "New Normal"
Income Distribution And China's Economic

Author: Haiyuan Wan

Publisher: World Scientific

Published: 2019-08-15

Total Pages: 323

ISBN-13: 9811200661

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As the Chinese economy has moved to a 'New Normal' of slower growth and changed model of development, its income distribution is being affected in a number of ways. What exactly are the impacts brought by the new changes? How should we view China's income distribution on the whole? What trend will we see in the future? With regard to these and other questions that arise against the backdrop of the economic 'New Normal', the book provides an in-depth analysis of the new issues, characteristics and trends in relation to income growth rates, income and wealth gaps, and the proportion of personal income in China.

Administrative Monopoly In China: Causes, Behaviors, And Termination
Administrative Monopoly In China: Causes, Behaviors, And Termination

Author: Hong Sheng

Publisher: World Scientific

Published: 2015-03-05

Total Pages: 414

ISBN-13: 9814611085

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Administrative Monopoly in China: Causes, Behaviors, and Termination is a further work of our previous book, China's State-Owned Enterprises: Nature, Performance and Reform. This new book analyzes the SOEs with respect to monopoly, and focuses on six industries: telecommunication, petroleum, railway, salt, banking and football.The book tells the history of how administrative monopolies were formed in China, analyzes the factors responsible for this, describes the behaviors of administrative monopoly, enterprises, and individuals against the monopolistic background, and presents data on the losses brought about by the administrative monopolies.

The Ecology Of Chinese Private Enterprises
The Ecology Of Chinese Private Enterprises

Author: Xingyuan Feng

Publisher: World Scientific

Published: 2015-03-26

Total Pages: 454

ISBN-13: 9814596914

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This book focuses on the study of the environment for the survival and development of Chinese private enterprises. It analyzes the historical development and current overall development of private enterprises in China, their number, size structure, contribution to GDP, employment and tax revenue, and size of investment. It summarizes the laws and regulations relating to the development of private enterprises. It assesses their survival environment in comparison with SOEs' and from the perspective of entrepreneurs. The book also addresses the problems with the protection of property rights of private enterprises, their market entry, their capital mobility and their own management. It concludes with the analysis of the main factors hindering the development of private enterprises in China and some policy recommendations for improving the environment for their survival and development.

Social Integration of Rural-Urban Migrants in China
Social Integration of Rural-Urban Migrants in China

Author: Zhongshan E. T. Al YUE

Publisher: World Scientific

Published: 2015-10-22

Total Pages: 266

ISBN-13: 9814641669

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This book focuses on rural-urban migrants in China. They are one of the most vulnerable and disadvantaged groups in the country but are essential to the country's industrialization and urbanization. Integration of these migrants into urban societies is an urgent issue facing Chinese policy makers. The book provides an updated, systematic, empirically rich, and multifaceted analysis of migrant integration, its determinants and consequences in China. It integrates insights from the perspective of sociology, population studies, social psychology, and public health to help us understand how and why migrants integrate, the role of migrant networks in social integration, and the relationship between integration of migrants and their mental health and settlement intentions.

Game: The Segmentation, Implementation And Protection Of Land Rights In China
Game: The Segmentation, Implementation And Protection Of Land Rights In China

Author: Shuguang Zhang

Publisher: World Scientific

Published: 2015-08-24

Total Pages: 318

ISBN-13: 9814623393

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This book provides a thorough analysis of the evolution of land property rights and transfer mechanism during the transition of the Chinese society from being a traditional self-sustaining agricultural society to a modern commercialized agricultural society. It provides empirical proof for complicated property rights theories and a solution and path for land capitalization. It discloses that in practice, land ownership may not be the essence and knot of the problem, and that the implementation of land property rights really matters.The book also provides a series of pragmatic solutions and measures to improve the current land law system and land policy in China. It stresses the importance of a pragmatic research methodology that is based on arguments on real life research and evidence, which may help promote a more grounded research atmosphere in the Chinese academia.

Reforging The Central Bank: The Top-level Design Of The Chinese Financial System In The New Normal
Reforging The Central Bank: The Top-level Design Of The Chinese Financial System In The New Normal

Author: Haiqing Deng

Publisher: World Scientific

Published: 2016-03-11

Total Pages: 219

ISBN-13: 9814704814

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Reforging the Central Bank presents an insightful comparison between financial development in China — a rising global economic superpower — under the old and new normal and an all-encapsulating study of current monetary transmission mechanism and monetary policy instruments. Focusing on the 'top-level design' for Chinese financial system and the reformation of People's Bank of China (PBoC), China's central bank, Dr Deng, head of the Fixed Income Research Department at CITIC Securities, and his team provide a deep analysis with useful suggestions and bold predictions for the central bank's new policy framework, new objectives, and new mechanisms in the future.As such, the carefully presented analysis of this book will be of value to researchers and curious readers who are interested in understanding of China's — a rising global economic superpower — future financial development environment.