The Timeliness of Financial Reporting: A Comparative Study of the People's Republic of China and the European Union

Author(s):  
Robert W. McGee ◽  
Danielle N. Igoe ◽  
Xiaoli Yuan ◽  
Thomas Tarangelo ◽  
Michael Tyler
Napredak ◽  
2021 ◽  
Vol 2 (2) ◽  
pp. 77-102
Author(s):  
Žarko Obradović

The Chinese state has existed for more than five thousand years and in the history of human society it has always presented its own specific civilizational attainment, which exerted a considerable influence on the Asian region. In the years since its creation on October 1, 1949, and especially in the last decade, New China has stepped out beyond the region of Asia onto the global scene. With its economic power and international development projects (amongst which the Belt and Road projects stands out), China has become a leader of development and the promoter of the idea of international cooperation in the interests of peace and security in the world and the protection of the future of mankind. This paper will attempt to delineate the elements of the development of the People's Republic of China in the 21st century, placing a special focus on the realization of the Belt and Road initiative and the results of the struggle against the Covid-19 pandemic, all of which have made China an essential factor in the power relations between great global forces and the resultant change of attitude of the United States of America and the European Union towards China. Namely, China has always been a large country in terms of the size of its territory and population, but it is in the 21st century that the PR of China has become a strong state with the status of a global power. Such results in the organization of society and the state, the promotion of new development ideas and the achievement of set goals, would not have been possible without the Communist Party of China, as the main ideological, integrative and organizational factor within Chinese society. In its activities, the Chinese state sublimates the experiences of China's past with an understanding of the present moment in the international community and the need of Chinese citizens to improve the quality of life and to ensure stable development of the country. The United States and the European Union are taking various measures to oppose the strengthening of the People's Republic of China. These include looking after their interests and preserving their position in the international community, while simultaneously trying, if possible, to avoid jeopardizing their economic cooperation with China.


2021 ◽  
Vol 105 (5) ◽  
pp. 56-67
Author(s):  
Nikolay Litvak ◽  
◽  
Natalia Pomozova ◽  

The article presents a comparative interdisciplinary study of approaches to the problem of human rights in relations between the European Union and the People’s Republic of China. This factor is traditionally used by the EU and the West to criticize the policies of other countries, combining pressure and encouragement in order to Westernize them ‒ to accept and practicallyl implement the Western concept of human rights.However, modern China, having carried out rapid socio-economic and scientific-technological development, not only did not change its political system, but also began to reform the international sphere of human rights in accordance with their understanding. Ideological inertia and simplification of the problem do not contribute to understanding in Europe how, while retaining the socialist ideology, China became the second economy in the world, acquiring global primacy and promoting its model, without setting, like the West, special political conditions.At the same time, there are contradictions between the Western countries, and international law, including the field of human rights, which have a historical, dynamic character, and a very diverse implementation. In the socio-philosophical sense, the competition between the constructivist and functional approaches in the forms of the liberal-bourgeois and socialist systems is developing between the EU and the PRC.


2018 ◽  
Vol 17 (2) ◽  
pp. 313-334 ◽  
Author(s):  
ILARIA ESPA ◽  
PHILIP I. LEVY

AbstractThe compliance Appellate Body decision marks the latest twist in the long-running EC–Fasteners dispute. The question before the AB is whether the European Union complied with earlier rulings on its anti-dumping procedures. Broadly, the AB found that the EU had not, generally ruling in favor of the People's Republic of China. In the process, the AB raised interesting questions about what it means to be a Non-Market Economy (NME) in the WTO. While NME status has traditionally led to large dumping margins, the AB approach in this case may lessen the consequences for China. Among other things, the case raises the interesting and important question of how pervasive the taint of NME status may be when calculating margins. By allowing for adjustments of certain costs, the AB seems to constrain the more draconian analogue country methodology of calculation.


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