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| 1 |
ID:
175200
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| Summary/Abstract |
North Korea's missile and nuclear tests conducted unilaterally have put China's North Korea policy under intense internal and external pressures. The dramatic developments since 2018 like the détente of the two Koreas and the unprecedented US–North Korea summits are not to be seen as signs that China has played an effective role through its North Korea policy. Why does North Korea always seem to have the upper hand in its relationship with China despite its obvious unilateral economic dependence on China? How did Sino–North Korean relations evolve into their current contradictory state? What is the nature of their relationship? This article considers these questions by analysing China's North Korea policy over the past three decades, since the end of the Cold War. Current research mainly focuses on analyses of specific periods and the interpretation of specific events. By systemically investigating the policy evolution in the past 30 years, this article argues that the US-centric mentality is the primary variable for informing China's perception and policy towards North Korea after the Cold War.
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| 2 |
ID:
175194
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To align this study with the scholarship on disaggregating the monolithic concept of nationalism in the Chinese context, the authors differentiate economic and cultural nationalisms, and conceptualise them as the manifestations of nationalistic sentiments in economic and cultural domains. Using data from the supplemental survey of the 2008 Chinese General Social Survey, findings have shown that economic and cultural nationalisms are weakly associated; age and education have greater effects on cultural nationalism than on economic nationalism; social status is negatively associated with economic nationalism but has no effect on cultural nationalism.
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| 3 |
ID:
175196
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| Summary/Abstract |
By employing the synthetic control method, the authors examine the short- and long-term effects of the 2008 Sichuan earthquake on saving behaviour. The results indicate that, in the short run, the earthquake caused drastic declines in household saving rates—from 24 per cent to seven per cent and from 23 per cent to 21 per cent for rural and urban populations, respectively. However, household saving rates recovered to the baseline shortly after the shock, and the outcome exactly matches the counterfactual counterparts in the following period. The estimates imply that, at the aggregate level, the earthquake has had no discernible long-run impact on the saving propensity of the affected population.
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| 4 |
ID:
175199
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| Summary/Abstract |
Laos is a landlocked country with limited natural resources. As a communist country, Laos is often assumed to be a close ally of China as it is an ideological companion and a "satellite" state that depends on China's economic blessing. The authors argue that Laos is actually aware that it is cornered among difficult geopolitical relations and is striving for a certain autonomy in domestic and foreign policies. This article will enhance the understanding of the dynamics and options available to the Southeast Asian state other than those suggested by international relations theories. It also serves to contribute to the emerging studies on the effect of China's Belt and Road Initiative and the response of the countries along it.
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| 5 |
ID:
175198
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| Summary/Abstract |
This article aims to investigate using regression analysis the pre- and post-impacts of the Pakistan–China Free Trade Agreement (FTA) on profitability, leverage and dividend payouts of firms. The panel data consist of 179 listed non-financial Pakistani firms compiled from the Karachi Stock Exchange for the 2002–14 period. The results demonstrate that due to changes in tariffs, companies that face import and export competition tend to reduce profits, increase leverage and decline giving dividend payouts. On the other hand, companies that have improved efficiency by importing new technology and those that are export-oriented enjoy increased profits and reduced leverage, and are able to increase their dividend disbursements. This study would serve as a reference for financial managers and trade policymakers in their decision-making for their firms and country, respectively.
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| 6 |
ID:
175197
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| Summary/Abstract |
A fictitious economy is the product of a highly developed economy, and is represented by bank capital, stocks, and bonds. Based on the economic reality of China's continuously expanding fictitious economy and rapidly rising housing prices in recent years, a structural vector autoregressive model is constructed and employed to show that, in the short term, the fictitious economy contributes most to the fluctuations in housing prices, followed by the interest rate, while money supply plays a very small contributory role. However, in the long term, the influence of the fictitious economy decreases, and the monetary policy and real economy will be the main factors influencing changes in housing prices.
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| 7 |
ID:
175193
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| Summary/Abstract |
This study compares gender discrimination or sexism in mainland China and Taiwan by means of a social experiment. Mainland China, with its radical egalitarian socialist policies implemented in a centrally planned economy and during the Cultural Revolution, serves as the treatment group in this social experiment. Taiwan, with its conventional path of economic modernisation, political liberalisation and importation of post-material values, is set as the control group. Using the Sixth Wave World Values Surveys, this study finds a higher level of explicit sexism in mainland China than in Taiwan due to China's post-Mao market reform. Interestingly, Taiwan shows a stronger effect of hidden sexism than China. China's low level of hidden sexism could be attributed to its radical social and economic egalitarian policies from the 1950s to the 1970s. The article concludes by suggesting that while democracy is capable of promoting postmodern values such as feminism, it is less effective in eliminating hidden sexism, and that government policy is imperative to mitigating the negative effect of market capitalism on gender equality.
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| 8 |
ID:
175195
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| Summary/Abstract |
Recipient targeting of the minimum living standard guarantee system (dibao) in rural China is inefficient. This article uses qualitative methods to examine the forms of discretion that village cadres use, which explain the poor targeting of recipients of the rural dibao. The research compares the findings of the study with theoretical explanations of street-level bureaucracy and discretion in the West. It argues that "political implementation" is the primary reason for village cadres' discretion. Village cadres become politically oriented in their targeting of rural dibao recipients because of their dual roles as "street-level bureaucrats" and "village leaders".
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