• Title/Summary/Keyword: China's rise

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Export Growth Strategy through Comparison of Korea and China's Cosmetics Export Competitiveness (한국과 중국 향장품의 수출경쟁력 비교를 통한 수출성장 전략)

  • Park, Ji-Hye;Park, Chul-Ho
    • International Commerce and Information Review
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    • v.14 no.2
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    • pp.317-346
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    • 2012
  • Korea's export economy across all industries are affected by the rise of China. The field of cosmetics can not be an exception. Expansion of the export of Chinese cosmetic goods can bring a greater concern to the export of Korea. Therefore, comparing the competitiveness of cosmetics in China and Korea will propose Implications for export growth strategy. To this end, comparing Korea cosmetic product's competitiveness with China, Revealed Comparative Advantage Index (RCA), Trade Specialization Index (TSI) and the status of import and export countries were comprehensively analyzed. In the case of Korea, items that have a competitive over China were No. 330499 and No. 330510. The following items in proportion were No. 330430 and No. 330590. By strengthening its position of these four items as major export items of Korea Cosmetics, export growth strategy in China and other markets around the world is needed.

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A Study on the Potentially Economic Effect of the Korea-China FTA: Focusing on Busan City (한-중FTA 체결이 미칠 경제적 영향: 부산경제를 중심으로)

  • Jung, Hyung-Dae;Park, Young-Bae;Kim, Jong-Soo
    • International Area Studies Review
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    • v.13 no.3
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    • pp.781-799
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    • 2009
  • Korea and China should come up with a mutually beneficial FTA proposal at an early date and thus lead the way towards the FTA. An FTA with China is a key issue of economic cooperation in order to confront soaring Chinese competitiveness in international markets. The purpose of this research paper is to analyze the overall Busan regional economy impacts of the Korea-China FTA. We analyzed the quantitative effects of an FTA by using microeconomic concept. The Korea-China FTA will have positive effects on the overall industry in Busan. Therefore, Busan regional industries exports and imports are expected to grow. Busan is worried the deal would pave the way for imports of cheap Chinese agricultural products, hurting the nation's already fragile agricultural sector. In contrast, Busan's manufacturing sector is expected to see its surplus rise. In sum, we think the FTA will bring benefit to the whole industry in Busan Regional economy because it accelerates development of the industries by trade and investment along with comparative advantage.

The Impact of Housing Price on the Performance of Listed Steel Companies Evidence in China

  • Huang, Shuai;Shin, Seung-Woo;Wang, Run-Dong
    • Asia-Pacific Journal of Business
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    • v.11 no.2
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    • pp.27-43
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    • 2020
  • Purpose - This study explores the impact of the real estate industry on related industries for the perspective of Chinese steel companies. Design/methodology/approach - The impact of housing prices on the 41 listed steel companies' performance was analyzed by using the panel data model. We used two kinds of housing price indexes that are set in the panel data models to estimate the range of the real estate market, driving the performance growth of steel listed companies. Moreover, the net profit of steel companies is used as the dependent variable. To test the stability of the model, ROA used as a dependent variable for the robustness test. Also, to avoid the time trend of housing prices, this paper selects the growth rate of housing prices as the primary research variable. After Fisher-type testings, there is no unit root problem in both independent and dependent variables. Findings - The results indicated that the rise in the housing price has a positive influence on the steel company performance. When the housing price increases by 1%, the net profit of steel enterprises will increase by 5 to 20 million yuan. Research implications or Originality - In this paper, empirical data at the micro-level and panel model are used to quantify China's real estate industry's driving effect on the iron and steel industry, providing evidence from the microdata level. It helps us to understand further the status and role of China's real estate industry in the economic structure.

An Empirical Study of the Impact of China's Export Tax Rebates on RMB Appreciation

  • Ma, Degong;Cho, Hyun-Jun
    • East Asian Economic Review
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    • v.16 no.3
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    • pp.273-290
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    • 2012
  • While the issue of RMB (Renminbi, Chinese Yuan) revaluation became the focus of world attention in 2003, the reform of the RMB exchange rate regime in 2005 didn't fundamentally solve the RMB appreciation problem, and even in 2008 the global financial crisis made RMB appreciation face new challenges and risks. It appears that the rise in RMB value is caused by supply exceeding demand in China's foreign exchange market; however, intrinsically it is due to the asymmetry in RMB exchange rate formation mechanism. The export tax rebates policy implemented by Chinese government is one of the leading causes of the asymmetry. This study constructs a transmission model between export tax rebates and foreign exchange rates, and applies the Granger Test to validate the causality between kernel variables based on correlative data from 1994-2011, and uses the error correction method to analyze the quantified relations of kernel variables, and finally gets the contribution rate of export tax rebates to RMB appreciation.

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The Policy of China toward Asia (중국의 대 아시아 정책)

  • Kim, Sung Woo
    • Convergence Security Journal
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    • v.17 no.4
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    • pp.63-67
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    • 2017
  • With the rise of China, the power and hegemony is moving to China in East Asia. The foreign policy of the China government is directly or indirectly affecting Korea, neighboring countries and the world. China is advocating a new international policy, a new security system, silk road policy and a new paradigm. China is a newly emerging powerful nation in Asia, and it is clear that China has the economic power to reestablish the Asian order and take over the hegemony. In addition, we want to run the world supremacy with the United States in political, economic, military and diplomatic sectors. In order to overcome the crisis of the Korean peninsula, which is being triggered by North Korea's nuclear and missile development, we are in the position to do our best to cooperate with Korea, the United States and Japan and further improve relations with China. In this study, I analyzed the policy of Southeast Asia and China macroscopically.

An improvement on the concrete exothermic models considering self-temperature duration

  • Zhu, Zhenyang;Chen, Weimin;Qiang, Sheng;Zhang, Guoxin;Liu, Youzhi
    • Computers and Concrete
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    • v.19 no.6
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    • pp.659-666
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    • 2017
  • Based on the Arrhenius equations, several hydration exothermic models that precisely calculate the influence of concrete's self-temperature duration on its hydration exothermic rate have been presented. However, the models' convergence is difficult to achieve when applied to engineering projects, especially when the activation energy of the Arrhenius equation is precisely considered. Thus, the models' convergence performance should be improved. To solve this problem and apply the model to engineering projects, the relationship between fast iteration and proper expression forms of the adiabatic temperature rise, the coupling relationship between the pipe-cooling and hydration exothermic models, and the influence of concrete's self-temperature duration on its mechanical properties were studied. Based on these results, the rapid convergence of the hydration exothermic model and its coupling with pipe-cooling models were achieved. The calculation results for a particular engineering project show that the improved concrete hydration exothermic model and the corresponding mechanical model can be suitably applied to engineering projects.

Towards an Innovation-driven Nation: The 'Secondary Innovation' Framework in China

  • Wu, Xiaobo;Li, Jing
    • STI Policy Review
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    • v.6 no.1
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    • pp.36-53
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    • 2015
  • The rise of latecomer countries across the world directs academic attention to their catching-up and innovation processof seizing technological opportunities and combining internal and external knowledge. Different from the developed economies as well as the newly industrialized economies, China presents a special innovation environment, wherein its technology regime, market opportunities, and institutions are complex and the globalization trend affects competition in a broader way. In thiscontext, we clarify and extend the framework of "secondary innovation". This framework describes the dynamics of those with relatively poor resources and capabilities in their efforts to capture the values of mature/emerging technology or business models by acquiringthem from across borders and then adapting to catching-up contexts. Such processes, differentiated from original innovation that involves the whole process from R&D to commercialization, has become a prevailing regime during paradigm shifts. In particular, unlike the traditional catch-up literature that focuses more on technology, the secondary innovation framework inclusively contains both technology and business model innovation, and puts forward the co-evolution between the two elements, which is more applicable to China's context. In accordance, we also provide implications towards fulfilling the goal of building an innovation-driven nation.

The Historical Study of Chinese Food Culture (중국 식문화의 역사적 고찰)

  • 김지영;류무희
    • Culinary science and hospitality research
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    • v.9 no.4
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    • pp.221-237
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    • 2003
  • China has not thousands years history and culture but more than 50 times huge territory compare to Korea. Moreover, China is a multiracial country which has 56 minority races including Han race. Today's food culture of China has been established based on historic, regional, and racial features. China is located adjacent to Korea and historically has had close relationship with Korea. Moreover, China and Korea have had interaction in politic, economic, and cultural respects. In this aspect, the food culture of China has had great influence to the food culture of Korea. Therefore, this study purposed to understand the food culture of China more deeply which has been passed over, through researching food culture based on Chinese foods in five thousands historic stream. As the result of researching Chinese food by times in terms of food culture, which has been well known by only cuisine, the food culture of China had been changed by rise and fall of several dynasties. In addition, food styles had divided the south and north by inflowing western food materials and deep relation to Buddhism, Confucianism, Taoism, and the principles of yin-yang.

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A Study of the Characteristics of Ethnic Fashion by Type (에스닉 패션의 유형별 특성에 관한 연구)

  • Choi, Hae-Joo;Oh, Se-Hee
    • Journal of the Korean Society of Costume
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    • v.60 no.2
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    • pp.144-158
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    • 2010
  • The concept and the typical characteristics of ethnic fashion were studied. 267 fashion designs from pret-$\grave{a}$-porter collections in Milan and New York from 2001 S/S to 2005 F/W were analyzed. The major conclusions of the study are as the following: The major types of ethnic fashion are Africa, American Indian, Japan, India, China, and Inca. Among these types, the first volume is Africa, the second is American Indian and others are Japan, India, China and Inca in order. Ethnic fashion changes in years showed reduction from 2001 to 2004, but much rise in 2005 showed more than 30% from 2001. Much more ethnic fashion designs were presented in S/S seasons than in F/W seasons. Africa ethnic fashion designs were more popular in S/S seasons. India ethnic fashion designs were more popular in F/W seasons. In the comparison of the Milan and New York collection, ethnic fashion designs appeared more in Milan collections than in New York from 2001 to 2003. But ethnic fashion designs appeared more in New York collections than in Milan in the year of 2005.

Innovative Technologies and Their Application on the Construction of a 100-Plus-Story Skyscraper

  • Haowen, Ye
    • International Journal of High-Rise Buildings
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    • v.4 no.3
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    • pp.161-169
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    • 2015
  • Experience on the construction of several 100-plus-story skyscrapers including Guangzhou West Tower, Guangzhou East Tower, and Shenzhen's KK100 is described considering the increasingly strong development trend of 100-plus-story skyscrapers in China. Difficulties in the construction of 100-plus-story skyscrapers are investigated. Four innovative construction technologies receive detailed descriptions: intelligently and entirely-jacked work platforms, formwork and suspension scaffolding systems ("jacking and formwork systems"), multi-function low-carbon concrete, 5D-BIM ("five-dimensional building information modeling"), and safe and rapid vertical transport, as they have found successful applications in actual projects. Popularized systematically as technical achievements, these technologies will significantly influence the construction of similar projects in the future, and produce more social and economic benefits.