scholarly journals Characteristics of Cyclical Fluctuations in the Development of the Chinese Construction Industry

2019 ◽  
Vol 11 (17) ◽  
pp. 4523
Author(s):  
Yanfang Sun ◽  
Haiyan Xie ◽  
Xirong Niu
Keyword(s):  
Construction Industry ◽  
Development Strategy ◽  
Development Trend ◽  
Peak Position ◽  
Test Model ◽  
Economic Cycle ◽  
Reform And Opening Up ◽  
The Development Trend ◽  
Opening Up ◽  
Cycle Fluctuation

In the course of operation, the construction industry will repeat deviations and adjustments to it equilibrium state. Understanding the development fluctuations of the construction industry is critical to the formulation of a country’s sustainable development strategy. The purpose of this paper is to investigate the development trend and fluctuation periodicity of the construction industry, particularly the deviation and characteristics of the development. In this paper, based on the H-P filtering method, the residual method for measurement of macro-economic cycle fluctuation is used to divide the periodic fluctuation of the Chinese construction industry into five rounds of economic cycles since the reform and opening up. The results are tested by a random test model and a self-correlation coefficient test model. The longitudinal time-series of data investigated in this research is the constant-price, gross output values of the construction industry in China in the period of 1980–2017 for a total of 38 years based on the national annual statistics. The results of the mathematical test show that the peak or valley of the economic cycle fluctuation of the construction industry in China reappears about every seven years or so. It shows that since the reform and opening up, the peak position of the cycle fluctuation of the Chinese construction industry began to decrease gradually, the valley level began to rise gradually, the volatility showed a downward trend, and the construction industry cycle fluctuation entered a steady and smooth process. The results of this study provide new comprehension of the development trend of construction industry and build the theoretical basis for governments and enterprises to judge the future development trends when formulating the relevant policies.

Financial Globalization and the Development of China's Economy

2021 ◽  
pp. 227-245
Author(s):  
Zhao Weili
Keyword(s):  
Economic Growth ◽  
New World ◽  
Development Trend ◽  
Financial Globalization ◽  
Financial Openness ◽  
Trade Friction ◽  
Reform And Opening Up ◽  
The Development Trend ◽  
Opening Up ◽  
China’S Economy

Since the outbreak of COVID-19, the official Brexit and the trade friction between Sino-US, anti-globalization become the focus of the world. After 40 years of reform and opening up, China's economy is facing new challenges under the new world situation. This chapter mainly focuses on how to promote China's economic growth under the background of financial globalization. Firstly, this chapter will introduce the development trend of the globalization and analyze the relation between financial globalization and economic growth. Secondly, this chapter will examine the state quo of China's financial openness and compare the change of China's de jure financial openness with the change of China's de facto financial openness. At last, this chapter will expound challenges faced by China's economy and put forward possible solutions to these challenges in terms of financial globalization.

Discussion of the Modern Electronic Technology Application and Future Development Trend on Automobile

2012 ◽  
Vol 155-156 ◽  
pp. 627-631
Author(s):  
Jin Song Chen
Keyword(s):  
Market Economy ◽  
Future Development ◽  
Automobile Industry ◽  
Development Trend ◽  
Electronic Technology ◽  
Technology Application ◽  
The Public ◽  
Pillar Industry ◽  
Reform And Opening Up ◽  
Opening Up

After the reform and opening-up policy, the automobile industry of our country has improved greatly. The using of modern electronic technology is daily enriched in international high-end automobile and has strong competitiveness in market economy. If our automobile industry wants to be the pillar industry, besides doing well in basic mechanical skill, amalgamating the modern electronic equipment that the public need and want is also very important. This paper analyzes the application of the electronic technology in the automobile and then looks forward to the future development trend of the automobile industry. Hoping this paper will help the workers in the related industry.

scholarly journals Analysis on Periodic Fluctuation of Economy at County Level

2021 ◽  
Vol 2 (6) ◽  
Author(s):  
Bing Zhang
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Local Economic Development ◽  
Comprehensive Understanding ◽  
Economic Cycle ◽  
High Quality ◽  
Periodic Fluctuation ◽  
Depth Analysis ◽  
Reform And Opening Up ◽  
Opening Up

On most occasions, economic development is embodied with periodic characteristics. Comprehensive understanding of the economic cycle is of great significance to guiding the formulation of macroeconomic policies and maintaining stable economic growth. Since the reform and opening up, Tengzhou's economy has maintained a momentum of rapid growth, which, however, is characterized by obvious periodic fluctuations. This paper makes an in-depth analysis of the characteristics and causes of economic periodic fluctuation in Tengzhou, in order to have a comprehensive understanding of the economic cycle, and the economic law is adopted to take corresponding economic growth measures in different periods of economic development, thus achieving high-quality economic development. In this paper, the study of county economic cycle is not subject to economic theory, rather the study is conducted with a large number of historical background and local economic development characteristics. The economy of Tengzhou City, since the reform and opening up, is divided into five cycles. The conclusion is drawn that the county economic cycle is affected by macroeconomic fluctuations, industrial structure adjustment, investment and consumption fluctuations and other factors. We put forward targeted suggestions on using the economic cycle to promote high-quality economic development.

scholarly journals A Study on the Development of Leisure Sports Industry of China’s Sichuan in the Age of Big Data

2019 ◽  
Vol 26 ◽  
pp. 01005
Author(s):  
Chenliang Deng ◽  
Liang Li
Keyword(s):  
Big Data ◽  
Development Strategy ◽  
Large Data ◽  
Development Trend ◽  
Sichuan Province ◽  
Sports Industry ◽  
Leisure Sports ◽  
Distribution Of Resources ◽  
The Development Trend ◽  
Interview Questionnaire

This paper mainly analyzes the development of leisure sports industry of Sichuan province in big data age in terms of opportunities, challenges, development trends and strategies. In this paper, based on the methods of documentary, interview, questionnaire and logic analysis, combing large data for broad influence and huge benefits of leisure sports industry, and then analyze its development trend and development strategy. The mega data age is expected to bring about favorable opportunities to leisure sports industry of Sichuan province, such as creating more value, contributing to the flexible distribution of resources and to the trend of new ways of thinking in the research on leisure sports industry. Both the application of mega data technology to and the research on the realm of leisure sports industry are faced with drastic challenges. From wide application, the processing mode, precise marketing and personnel training aspects analyzes the development trend of leisure sports industry in the era of big data. We should take corresponding counter-strategies, which include innovating leisure sports industry, implementing full application of mega data technology, increasing the supply of related professional talents, supporting the informatization of leisure sports industry and establishing a platform of information resource for leisure sports industry.

scholarly journals Inter-regional development in China: An assessment

2021 ◽  
Vol 5 (1) ◽  
pp. 1270
Author(s):  
Sarah Chan
Keyword(s):  
Regional Development ◽  
Development Strategy ◽  
Economic Reform ◽  
Regional Integration ◽  
Industrial Upgrading ◽  
National Priority ◽  
Regional Development Strategy ◽  
Physical Infrastructure ◽  
Reform And Opening Up ◽  
Opening Up

China’s regional planning and development has been a key national priority since the start of economic reform and opening up. China’s regional development strategy has constantly evolved and has shifted to prioritizing integrated areas and mega-clusters to promote internal connectivity, increase urbanization and employment, and consequently, domestic consumption. This is distinct from past regional rebalancing initiatives, which were mainly aimed at reducing regional income gaps and relieving pressure from population flows to developed coastal regions. To support regional integration and sustain economic growth, institutional or structural policies to remove factor market distortions are just as necessary as increased investment in physical infrastructure, given that China’s domestic market is huge but highly fragmented. As China faces rising external geopolitical and global economic uncertainties, its regional development strategy will be to emphasize more on “dual circulation” to boost domestic demand and strengthen China’s supply chain resiliency, while still enhancing trade linkages with global markets to spur competition and support its industrial upgrading efforts.

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