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简介：Allrightreserved,nopartofthepublicationcanbereproduced,storedinaretrievalsystem,ortransmittedforanypurpose,inanyformsorbyanymeans.Unauthorizedcopying,reproduction,hiringpublicperformanceandbroadcastingwithoutthepriorwrittenpermissionofthepublishersareprohibited.

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简介：In2015,TheCentralBankcutinterestratessixtimesinarow.Therearetwomainpurposes:oneistoreducetheinterestburdenoncorporateloans,andstimulatecorporateinvestment.Second,toreduceinterestincomeonresidentialdeposits,andstimulateresidentstoincreasecurrentconsumption.However,manyempiricaldataprovethatalthoughtheeffectofinterestratedeclineonstimulatingcorporateinvestmentismoreobvious,theeffectofstimulatingresidentstoincreasecurrentconsumptionisnotobvious,andhouseholdsavingscontinuetogrowrapidly.Thisshowsthatthemainfactoraffectingthecurrentconsumptionofresidentsisnolongerthebank’sdepositinterestrate,buttheirreplaceabilityoffutureconsumergoodsforcurrentconsumergoods,incomerestrictionsandothereconomicfactorsthatcanaffectcross-timeconsumption.Thispaperisbasedonthetheoryofintertemporalutilitymaximization.TheempiricalanalysisoftheimpactoftheratechangeonChina’sresidents’consumption,lookingforthereasonswhyresidents’consumptionisnotsensitivetochangesintherate,andputforwardcorrespondingcountermeasuresandsuggestions.

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简介：Giventhearduousprogressintheinternationaltalkonclimatechangemitigation,thereisstilluncertaintyinthecontinuationoftheCleanDevelopmentMechanism(CDM)after2012.However,anumberofcountrieshaveregardedmarketmechanismsasanimportantapproachtowardsclimatechange.China’s12thFive-yearPlanonNationalEconomicandSocialDevelopmentclearlystatesthatChinawillsetupandimprovethesystemforstatisticalaccountingofgreenhousegasemissionandwillgraduallyestablishanemissiontradingscheme.ItisexpectedthatinthefollowingcoupleofyearsChinawilldevelopitsownpoliciesoncarbontradingandgraduallyestablishitsdomesticemissiontradingmarket.TheconstructionofChinacarbonmarketistobepromotedinavoluntary-to-mandatoryandregional-to-nationalmanner.Chinawillfirstlystandardizeandpromotethetradingofvoluntaryemissionreductions,andwillthenencouragepilotprovincesandcitiesaswellassomekeyindustriestoimplementapolicyonemissionallowancetradingwhileatthesametimefacilitatingtheconstructionofinfrastructuralfacilitiesforcarbonmarketoperationincludingclimatechangelegislationandsettingupasystemforthemeasurementandverificationofcarbonemissions.Chinawillalsocarryoutinternationalorbilateralcooperationwithforeigncarbontradingschemesbasedontheprogressofinternationalnegotiationsoastosetupaunifieddomesticcarbonmarketthatislinkedtointernationalcarbontradingschemes.

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简介：ThegoalofthisworkwastoevaluateChina’surbangreendevelopment.Tentypicalcitiesbelongingtofourtypeswerechosenascasestudies:Beijing,Shanghai,Suzhou,Wuxi,Nanjing,Xi’an,Wuhan,Nanning,WeihaiandYichang.WeusedtheCLDmodelfromsystemdynamicstoanalyzethecomplexrelationshipsbetweenvariouselementsofcitydevelopment,includingresourcesandenvironmentalconditions,degreeofsocialdevelopment,economicdevelopmentandadministrativecapacity.Thesefourelements—environmental,social,economic,andadministrative—wereusedtobuildagreendevelopmentassessmentframeworkforChinesecities.Uponbuildingtheevaluationsystem,47evaluationindicatorswerechosen.Theresultsshowthatthecomprehensivevaluesforgreendevelopmentinthesetenrepresentativecitieswerealllow,meaningthatthereisalargegapbetweenurbandevelopmentandgreensustainabledevelopment.Manyaspectsofgreendevelopmentneedtobesubstantiallyenhanced,suchasgoverningenvironmentalproblems,alleviatingresourcepressures,enhancingeconomicefficiency,andincreasingthegreeneconomy.

简介：Sub-primelendingcrisishasbecomeaninternationalfinancialcrisis,whichisevolvingintoaneconomicrecessionsweepingacrosstheWest.Financialcrisisleadstothedemandreductioninwesterncountries,andasthelargestmanufacturingcountry,Chinamustfaceoverproduction.TheroleofChinaas'worldfactory'determinesthatfinancialcrisiswillseverelyattackChinesemanufacturingindustry.TheunsustainabledevelopmentofChinesemanufacturingindustryismainlyreflectedinthefollowingaspects:heavydependenceonexport,low-levelmanufacturinglink,lackofmodernserviceindustryandhigh-techindustry,weakindependentinnovativeability,unsustainableexplorationofheavy-pollutionresources,andlackofinternationalfamousbrands.Howtotransformcrisistoopportunitiesisanurgentresearchtopic.Underthecircumstanceoffinancialcrisis,Chinesemanufacturingindustryhasmoreexternaldrivestochangethecurrentsituation.Therefore,financialcrisisbecomesnotonlyanopportunityforChinesemanufacturingindustrytoimproveitselfbasedontheexistingaccumulationbutalsoachanceforChinatotransformfrom'worldfactory'intoapowerfulnationofmanufacturingindustryintheworld.