Table of Content

16 June 2003, Volume 23 Issue 6

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ON MANAGING CITY

WEI Jie, ZHAO Jun-chao

2003, (6):  5-11. 

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The idea is not accurate that managing city is to finance the city construction. Managing city is to manage its functions, including location, environmental construction, comparative advantages, individuation, and tackling with main problems. So we should manage city about those five aspects, and improve our urbanization by developing our cities.

EXPANSION UNDER WEAKNESS: CHINESE FISCAL SITUATION AND POLICY ORIENTATION

Joint Program Group of Institute of Economic Reform and Development, Joint Program Group of Haitong Securities Corporation Institute

2003, (6):  15-26. 

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The fiscal size measured by budget income is very small, while the real one is great. Our government debt is within the size controllable. Active fiscal policy orientation depends on the benefit of the fiscal programs. The fiscal policy implemented now have two characteristics, one is improving the establishment of our public fiscal system, which is determined by the general goal of our economic system reform; the other is increasing tax, showing the multi-targets of self-construction and achieving macroeconomic control goals.

ON METHODS OF EVALUATING GHINESE FIRMS

FANG Fang, ZHOU Dao-chuan, Li You

2003, (6):  39-44. 

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Now, the world popular methods of evaluating firms are cash flow discount, comparative multipliers, and option evaluation. For our "newly rising and transitional" economy, comparative multipliers method is most widely used, and cash flow discount method is suitable for the future but not for now; the third one is worthy of attention though not so suitable now.

GROWTH OF FAMILY FIRMS AND MERGE OF SOCIAL CAPITALS

CHU Xiao-ping, LI Huai-zu

2003, (6):  45-51. 

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The growth of family firms is the merge of the four inter-related capitals, named social financial, social human, social network and social cultural capital. And the effectiveness of the merge depends on the trush resource and its structures.