Theoretical and Conceptual Issues on Covid-19 Pandemic

The study set out to evaluate the theoretical, empirical and conceptual issues on COVID-19 Pandemic. It stated that the American system is described as a liberal capitalist system, which theoretically operates upon private ownership of the means of production, pursues profit in business trading as the motivation and production are for the markets. In this system, price mechanism determines demand and supply. China on the hand, had started reforms where they transited from Communism to Socialist market economy with strong State –Owned- Enterprises driving the economy. They have acquired the capitalist ethics of profit and competition hence aiming at profit in the global market place. In the course of this, they obtained favorable balance of trade with the U.S. The former U.S. president was desirous to change the situation, and started a trade-war with China which negotiations failed. In the midst of this came COVID-19,which this study termed the third World War given the fact that the number of nations and casualties caused by COVID-19, is greater than both the first and second World Wars. The study applied the descriptive research technique and deployed the Elite theory and the political economy perspective of analysis. It alluded to the logic of competition in capitalism which operates in both systems as accounting for the COVID-19 as ammunition to outwit one another. It outlined the manifest and latent manifest outcomes of the COVID-19, showing the various military ships in which their occupants were infected by COVID-19 after participating in the 7th CISM world Military games in Wuhan,-China. It also listed a number of Cruise-Liners which were docked because the occupants were infected by the virus. It concluded that just as global alliance helped to resolve the World wars and previous pandemic, global solidarity in finding out where and how the virus started and conduct research to find potent vaccine to end the pandemic is the solution to covid-19, else mankind would live with it.

Research on the National New Energy Strategy From the Perspective of Political Economics

Based on the perspective of political economics analysis, this article conducts research on the national new energy strategy as the economic situation changes differently from the past. Under the socialist market economy system with Chinese characteristics, the new energy strategy is not only an inevitable choice for China as a responsible major country, but also a key measure to promoting high-quality economic development. Through the analysis of the main dilemmas faced by China’s implementation of new energy strategy, this article proposes to design policies in terms of core technology research, innovative industry financing, cultivating professional talents, and continuous expansion of opening up, to originate a high-quality development path for China.

Some thoughts on establishing the theoretical system of socialist political economics with Chinese characteristics

PurposeIt is scholars' great mission in this era to creatively develop new implications, paradigms and discourses of China's political economy and establish a theoretical system of political economy with Chinese characteristics based on the fundamental principles of Marxist theory and the practice and historical process of Chinese economic reform, through theorizing and systemizing the practices of China's socialist market economy construction. The purpose of this paper is to give some suggestions to establish a socialist theoretical system with Chinese characteristics.Design/methodology/approachThis paper makes a comprehensive analysis of the principles, objectives, study objects, methodologies as well as the framework of the theoretical system of the political economy with Chinese characteristics.FindingsAdditionally, starting from the unity of opposites between public ownership of resources and resource allocation in a market mechanism, which is the fundamental dialectical relation of China's socialist market economy, the authors will adopt the dual dialectical analysis approach to discover and understand the duality features of the socialist economic system with Chinese characteristics.Originality/valueWith adherence to the mission of China's socialist economic system, the goal of China's market economic reform, and the perspectives of Marxist political economy, the authors must explicitly define the so-called Chinese characteristics and then summarize the dynamics and innovations during the evolution of Chinese socialist political economy with high theory confidence and theory self-consciousness.

Developing Asia – Dynamic but fractured

In the past seventy–five years, developing Asia has transformed more rapidly than any other region. What is behind this success? Will Asia go on to lead the world, or will its rise encounter obstacles? Asia is politically diverse, with democracies, hybrid governments and numerous authoritarian regimes. Several are unstable. Paths to prosperity have varied, including the East Asian model, China’s “socialist market economy”, Indian self–reliance, and economic transition in Central Asia. Regional cooperation is chronically weak, due to the youthfulness, dispersion and diversity of Asia’s sovereign states. China’s rise threatens to fracture the region further. As the region emerges from the Covid–19 crisis, East Asia is well positioned to lead an economic recovery. However, many challenges remain. Political and governance systems are weak. Territorial disputes could escalate into open conflict, including Taiwan. Human capital is poorly developed, and populations are aging. Finally, the region could be polarized between the United States and China.

Problems and Countermeasures of International Trade Financing of Small and Medium-Sized Enterprises in China

Small and medium-sized enterprises are the foundation of China’s national economy, and they are important forces to promote economic and social development. They play an irreplaceable role in promoting scientific and technological progress, increasing social employment, expanding foreign trade, and other aspects in which they have become an important part of China’s socialist market economy. Based on the research background of international trade financing, this paper analyzes the problems existing in the international trade financing of small and medium-sized enterprises in China to put forward countermeasures and suggestions, hoping to help these small and medium-sized enterprises solve the financing problem so as to achieve a healthy development in the international trade market environment.

THE INFLUENCE OF CIVIL CODE ON ECONOMIC LAW

The promulgation of the "Civil Code" provides a path for the codification of other important legal departments closely related to the socialist market economy and the improvement of the socialist legal system with Chinese characteristics. However, due to the fact that the development of economic law in our country is relatively short and the economic development is changing rapidly, the current economic code is facing numerous obstacles. This article analyzes the relationship between civil law and economic law, drawing on the innovation of the content of the Civil Code, and puts forward new requirements for the development of the content, concept and system of economic law, and promotes the development of economic law.

Analysis of the Relationship between Monetary Policy and Stock Market Liquidity

After the 19th National Congress of the Chinese Communist Party, the introduction of the economic theory has promoted the integration of the global socialist market economy. Thereafter, this integration of the domestic and international market has been preliminarily completed, the role of the factor market in resource allocation has been improved, and a sturdy environment has been established for the development of Chinese enterprises. With the effective implementation of a series of policies after the financial system reform, the roles of the financial market in regulating macro-economy and revitalizing the market have become increasingly prominent. In regard to that, it has effectively promoted the financial market as a trade to “enrich people.” This paper analyzes the relationship between monetary policy and stock market liquidity in terms of the influence of the former on the latter and suggests strategies to enhance the liquidity effect of monetary policy.

Research on Countermeasures and Financing Risk of Small and Medium-Sized Enterprises in China

SMEs have played an important role in deepening of construction of socialist market economy in China. Their contribution rate to our country's economy is rising continuously, they also stimulate technical innovation. However, because of their small scale, credit margin and other factors and imperfect market mechanism, SMEs are facing a severe situation in the process of financing, the huge financing risk has become the core problem restricting the development of SMEs. This paper employed the KMV model to make an empirical analysis. Then, the author puts forward corresponding suggestions for the financing of SMEs in the future.