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Sealing
The Development of China’s Economy
The development of China’s economy has been unprecedented over the past several decades. Nestled in the heart of Asia, it is the world’s second-largest economy, unrivalled in its ability to manufacture goods, attract international investment and serve as a gl......
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In the last decade, the world has seen dramatic advances in technology. From smartphones to cars that can drive themselves, technology has advanced far beyond what many of us could have imagined. These advances have been beneficial in many ways, such as increasing efficiency and providing us with ......
European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) was established in 1991 as a multilateral financial institution to facilitate Europe’s transition to a market economy. The EBRD is dedicated to promoting the development of market economies and entrepreneurial initiatives in the countrie......
Bank of Beijing
A Brief Introduction of Beijing Bank
Beijing Bank is one of the oldest banks in China, with a history of over 38 years. It was founded in Beijing in 1979, when reform and opening up began in China. Beijing bank has become one of the most competitive commercial banks in China and is now one of the......
China Non-Metallic Mineral Industry Association
China Nonmetallic Mining Industry Association
The China Nonmetallic Mining Industry Association (CNMI) is a nationwide Association of non-metallic mineral industry miners, producers, processors, and related industries. The Association promotes the development of the non-metallic mineral mines and......
Anti-Money Laundering Law of the People's Republic of China
Anti-money Laundering Law of the People’s Republic of China
The People’s Republic of China (PRC) has enacted strict anti-money laundering (AML) legislation to combat the proceeds of crime from entering the financial system of the country. This legislation has been in place since the early 2000s......
"Three simultaneous" system
Introduction
In China, the three simultaneous system- the combination of state, collaborative and private development is widely used in many industries. This practice was formed in China in 1978 when the Chinese government started to promote the open-door policy, and has since become an important......
Technological Innovation Mechanism of State-owned Enterprises
Innovation Mechanism of State-owned Enterprises in China
Introduction
Innovation is seen as an important element for a nation’s economic growth and development. Innovative technology and products also play a major role in a nation’s economic development process. State-owned enterprises are a c......
Collectively owned enterprises
A collective ownership enterprise is defined as a business organization in which a group of people combine their land, money, labour, and other resources to form a shared enterprise, usually a farm or a factory.
The collective ownership enterprise originated in the Soviet Union in the early 1920s......
restrictive pricing
Demand curves for many basic but important products or services often have a very different shape or slope than the hypothetical demand curve advocated by traditional economics. Just as a practical example, consider the demand for electricity in many former Soviet bloc nations. A communist governm......
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