Table of Content

16 March 2007, Volume 27 Issue 3

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RETHINKING ON THE CHANGE OF CHINESE ECONOMIC GROWTH PATTERN

WEI Xing-hua, SUN Yong-mei

2007, (3):  5-10. 

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Chinese economic growth has been puzzling by changing from expanding pattern to intensive one.Chinese economic growth relies heavily on inputs increase,production technology level is low,labors' quality improves slowly,economic proportions and industrial structures are not suitable,and so on.Therefore,this paper emphasizes the domestic independent innovation ability, the optimizing of the industrial structures,and the realization of the progress of science and technology.

THREE BIG HISTORIC CHANGES OF CHINESE PRIVATE ECONOMY

Research Group of China League of National Industry and Business

2007, (3):  11-21. 

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Entering 21^st century,Chinese private economy develops greatly and has three big historic changes: the first is the change of status and functions of the private economy;the second the increase of the general quality of the private firms;the third the breakthrough of the policies and institutions about private economy.Now,private economy has become the basic element of national economy,the main ways for employments,the important source of tax,and the active body of foreign trade.

REBUILDING THE ECONOMIC THEORY OF REAL ESTATE BASED ON THE DUALITY OF REAL AND VIRTUAL NATURE

WANG Qian

2007, (3):  22-27. 

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Development reality of nowadays real estate economy can not be perfectly explained by the traditional economic theory of real estate,which is based only on the real economy.This paper argues that real estate economy has the duality of real and virtual,which is very important for economic stability and growth.Therefore,this paper tries to rebuild the economic theory of real estate based on the duality.

EFFECTS OF CHARACTERISTICS OF LISTED COMPANIES' CONTROL RIGHT ON CASH HOLD

LI Zhi-jie, YANG Jing-yan, ZHANG Lei, WANG Hua-cheng

2007, (3):  38-43. 

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Control right is the core of modern corporations,and can determine the cash-holding level by affecting the financing decision-making.Positive analysis of 4821 normal non-financial A-class listed companies during 2001 to 2004,this paper shows that control right,measuring by equity and directorate,affects significantly the cash-holding level,and the financing decision-making is the important conducting way.

ON DISCONTINUOUS INNOVATION OF TRADITIONAL DOMINANT FIRMS

REN Jing, ZHU Fang-ming, XIAO Pi-chu

2007, (3):  61-66. 

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In possession of many technological resources,traditional dominant firms are the main body of technological innovations and very important for the national economic development.Because of behavior disadvantages,these firms are not good enough in discontinuous innovations,even though they are better in sequential innovations.Therefore,in order to change from afterward advantage to beforehand one,it is very important to study the discontinuous innovations of the traditional dominant firms.