• Title/Summary/Keyword: Chinese A share

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Information Cascade and Share Market Volatility: A Chinese Perspective

  • Hong, Hui
    • The Journal of Asian Finance, Economics and Business
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    • v.3 no.4
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    • pp.17-24
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    • 2016
  • The purpose of this paper is to understand the underlying dynamics for the share market bubbles in China during the most recent decade. By using the behavioral finance theory and the Shanghai Composite index prices during the periods from 2005 to 2008 and from 2014 to 2015 as the study samples, we find that the large volatilities in the Chinese share market are closely related to information blockage, which impedes share prices to timely respond to economic conditions as well as external shocks and increases (decreases) the demand of shares when the supply is difficult to adjust. Although the Chinese government has introduced a series of programs designed to increase more reliable information to the public, the share market still tends to confront issues of information asymmetry. The potential reason is that the reforms did not change the long-stand situation in China, where individuals or groups related to government bureaucracy who play a dominant role in the society are given priority to gain access and obtain information that benefits. By identifying the main reasons for the large volatilities in the market, policy makers are given advice as to which areas they may need to focus on to improve future market performance.

Changes of Export Structure and Crowding-out Effects of China on Korean and Japanese Exports in Southeast Asia: Analysis by Production Phase (동남아에 대한 한·중·일의 생산공정별 수출구조와 경쟁관계: 중국의 한·일수출 구축효과를 중심으로)

  • Kim, Wanjoong
    • The Southeast Asian review
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    • v.20 no.3
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    • pp.65-100
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    • 2010
  • One of main findings of the competitiveness relation is rapid increase of Chinese influence on the southeast Asian market. While Japanese market share is decreasing, Chinese market share is continuously increasing in the market. It is the same regardless of types of production phases. Analysis based on gravity model shows that in general Chinese exports is crowding out Korean and Japanese export to the market. The magnitude of the effects on Korean exports is larger than on Japanese exports. Also, It is found that the directions of the effect of Chinese exports on Korean and Japanese exports are different by production phrases. For all processed goods, increase of Chinese exports decreases both Korean and Japanese exports to the market. However, for some final goods such as transport equipment and food & beverages for household, Chinese exports is increasing Korean and Japanese exports to the market.

Analytic Comparisons of Shipbuilding Competitiveness between China and Korea

  • Lee, Koung-Rae
    • Journal of Korea Trade
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    • v.23 no.4
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    • pp.1-16
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    • 2019
  • Purpose - This research empirically proves that global shipbuilding industry leadership has moved to China from Korea. Design/Methodology - Competitiveness is measured by AHP for the weights of comprehensive competitiveness, which is the output mixture of three attributive factors: shipbuilding technology, shipbuilding contract price, and export credit. Findings - China is far ahead of Korea for standard vessels such as bulkers and containerships with competitiveness weights of 0.762 and 0.612, respectively, against 0.238 and 0.388 of Korea. Korea is maintaining its competitiveness only in LNG carriers (174k CBM) with a competitiveness weight 0.621. China and Korea have similar competitiveness for chemical carriers, complex vessels with a small hull size. The sources of Chinese competitiveness are shipbuilding contract price and export credit. With the majority share of standard vessel types in the world fleet, China will hold a bigger market share than Korea in the global shipbuilding industry in the forthcoming years. Implications - The swing factors of market power are shipbuilding technology and contract price. If China fails to further develop shipbuilding technology for shipowners worried about the reliability of the Chinese-built vessels, shipowners may swing back to Korea. The rising Chinese labor cost will expedite this swing in the forthcoming competition. Originality/value - To the best of the author's knowledge, this is the first paper that quantitatively examines the competitiveness of shipbuilding between China and Korea by comparing attributive factors for competitiveness.

Chinese Holstein Cattle Shows a Genetic Contribution from Native Asian Cattle Breeds: A Study of Shared Haplotypes and Demographic History

  • Ferreri, Miro;Gao, Jian;Wang, Zhi;Chen, Liben;Su, Jingliang;Han, Bo
    • Asian-Australasian Journal of Animal Sciences
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    • v.24 no.8
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    • pp.1048-1052
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    • 2011
  • The Chinese Holstein cattle breed, an introduced breed in China, has been crossbred with native cattle breeds. We hypothesised that the Chinese Holstein local population in Beijing share haplotypes with native Asian cattle breeds, the result of a sudden population expansion in the recent past. We also hypothesised that crossbreeding and population expansion left traces that shaped the genetic makeup of the breed. Evaluation of this was performed by mitochondrial DNA (mtDNA) sequence analysis of Chinese Holstein cattle from Beijing (n = 41) and a comparison of them with the published mtDNA sequences (n = 293) of 14 Asian breeds with an emphasis on Chinese native cattle breeds. Three shared common haplotypes between Chinese Holstein cattle and native Asian cattle were found. Moreover, a high level of haplotype diversity in Chinese Holstein cattle (h = 0.9557) and low nucleotide diversity (${\pi}$ = 0.0052) was found, indicating a past population bottleneck followed by rapid population growth. These findings are supported by the significantly negative deviation of Tajima's D (-1.82085), the star-like pattern of dominant haplotypes and the pairwise mismatch distribution analysis, which showed a unimodal pattern.

Isolation of Cysteine Protease Actinidin Gene from Chinese Wild Kiwifruit and its Expression in Escherichia coli

  • Lee, Nam-Keun;Hahm, Young-Tae
    • Food Science and Biotechnology
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    • v.16 no.2
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    • pp.294-298
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    • 2007
  • The actinidin (EC 3.4.22. 14) found in kiwifruit is a cysteine protease. In order to obtain the actinidin gene from the Chinese wild kiwifruit, primers were designed on the basis of the actinidin gene of Actinidia deliciosa, the New Zealand kiwifruit. The 1.2 kb DNA fragment was acquired from the total RNAs of Chinese wild kiwifruit via reverse transcription polymerase chain reaction (RT-PCR), and its DNA sequence was analyzed. Its sequence was determined to share 98.4% homology with the actinidin gene of A. deliciosa. In order to verity the actinidin gene isolated from the Chinese wild kiwifruit in Escherichia coli, the mature gene was amplified via PCR and expressed in E. coli under the control of the T7lac promoter. The actinidin was expressed in E. coli as inclusion bodies, which were solubilized with urea and refolded. The protease activity of the refolded protein was approximately twice as high as that of E. coli BL2l (DE3).

Emergence and Success of Xiaomi in the Transitional Situation of Chinese Smartphone Industry

  • Kim, So Hyung
    • East Asian Journal of Business Economics (EAJBE)
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    • v.6 no.3
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    • pp.16-23
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    • 2018
  • Purpose - 2013 to 2014 was a transitional situation in which China's Smartphone industry was fluctuating. So in this paper, we will look at the strategies and achievements of Xiaomi, a company that has emerged in this situation and topped the market share. In particular, the purpose of this paper is to analyze why Xiaomi, which is considered a copycat, was able to succeed in the smartphone market four years after entering the market and analyze its strategy. Research design and methodology - Various secondary data are to be used for this study. Using various newspaper articles as well as corporate reports, the company analyzes the transitional situation from 2013 to 2014 and the competitors together. Through these analyses, Xiaomi's strengths are selected objectively and analyzed to identify the factors that made Xiaomi successful. Results - After China's transitional shift in 2014, Xiaomi brought about a 152.3 percent share change over the previous year. In addition, it surpassed Samsung Electronics, which has been the industry's No. 1 player, in 2014, and achieved the No. 1 ranking with a 16 percent share. Xiaomi Mi4's phone had a strong point of maintaining low price while being loaded with high performance. Conclusions - Xiaomi's success is because its price and performance was excellent. Xiaomi's Mi4's specifications were not far behind its competitors', but it was very cheap compared to its competitors' prices. They also valued software and used talent-oriented human resource strategies. Plus, it created the 'Mifan' culture successfully and benchmarked the strengths of its competitors smartly.

A Comparative Study of Korean and YanBian Korean-Chinese Mother's Parental Role Satisfaction and Child-Rearing Practices (한국과 연변조선족 어머니의 부모역할 만족도 및 양육태도 비교 연구)

  • 임연신;현온강
    • Journal of the Korean Home Economics Association
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    • v.40 no.11
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    • pp.23-37
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    • 2002
  • This study was designed to explore fundamental bases of parental role satisfaction and child-rearing practices by comparing Korean and Yanbian Korean-Chinese mothers who share the same cultural roots but live in societies with different ideology and values. Total of 314 mothers with children aged from three to six years participated in this study:- 160 Korean mothers from two cities in Korea and 154 Korean-Chinese mothers from two cities at YanBian in China. Parental Satisfaction Questionnaires by Hyun (1994) and Child Rearing Practice Measures developed by the researchers were used to measure mothers parental role satisfaction and child rearing practices. The results showed that Korean-Chinese mothers seemed to be more satisfied with their roles as parents than Korean mothers. Additional analyses with socio-economic variables reported that both Korean and Korean-Chinese mothers satisfaction about spousal support were higher and their role conflicts were reduced when the household income was higher. Interestingly, most Korean-Chinese mothers reported to be highly satisfied with spousal support whereas only highly educated Korean mothers seemed to be satisfied with spousal support. In addition, for child-related variables, Korean and Korean-Chinese mothers' parental satisfaction were not affected by their childrens gender or age but when they thought their childrens temperament was difficult, their role-conflict tended to increase.

Health Habit, Perceived Health Status and Physical Health Status of Young Korean and Korean-Chinese Women: A Comparative Study

  • Lee, Young-Ran;Im, Eun-Ok;Yu, Sook-Ja
    • Research in Community and Public Health Nursing
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    • v.26 no.3
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    • pp.312-320
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    • 2015
  • Purpose: The purpose of this study was to compare health habit, physical health status, and perceived health status between young Korean and Korean-Chinese women. Methods: This study was conducted as a cross-sectional comparative survey. For this study, 114 Korean women were recruited in Seoul, South Korea and 64 Korean-Chinese women in Jilin Province, China through convenience sampling. Results: A positive correlation was found between health habit and perceived health status. Perceived health status, WHR, body density, flexibility, and muscle endurance were significantly lower in Korean women than in Korean-Chinese ones. Knee flexion and ankle dorsal flexion was significantly higher in Korean women than in Korean-Chinese ones. Conclusion: Further investigation is required to compare the two different groups that share the same ethnicity and similar culture but were born into different countries. A study such as this may provide answers regarding the influence of migrated transition on health.

The Effect of Largest Shareholder's Ownership of Chinese Companies and the Stock Price Crash Risk (중국 기업의 최대주주 지분율이 주가급락 위험에 미치는 영향)

  • Yang, Zhi-Wei;Qing, Cheng-Lin
    • Journal of Digital Convergence
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    • v.20 no.1
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    • pp.41-46
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    • 2022
  • Chinese stock market often rises and falls sharply. The impact of the stock price crash risk has become a hot research field to maintain financial stability. This study starts from the perspective of the proportion of largest shareholders holding shares, and studies whether largest shareholders have more incentive to supervise management and reduce self-interest behavior of management. We use the data of Chinese listed companies from 2009 to 2019 as a sample, and study the relationship between largest shareholders and share price crash risk. Empirical research shows that the higher the proportion of largest shareholders of state-owned enterprise, the company's stock price crash risk can be significantly reduced. This study suggests that the higher the share of the largest shareholder, the lower the opportunistic behavior of managers and that information asymmetry between the company and the shareholders can be alleviated.

The meaning of Mental Disorder in Chinese Medicine (중의정지병증적내함해석(中医情志病证的内涵解析))

  • Lu, Ming-Yuan
    • Journal of Korean Medical classics
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    • v.22 no.4
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    • pp.39-42
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    • 2009
  • Jeongji(情志) in Chinese medicine refers to a series of psychological activity which is expressed as hui(喜), no(怒), wu(優), sa(思), bi(悲), gong(恐), gyeong(驚), together with emotion, sentiment, and cognition, which are manifested as responses of the human body to environmental changes both inside and outside. Sa(思) is a major cognitive activity, and the other six emotions are main emotional activities. The emphasis on the interrelationship between cognition, sentiment, and emotional activity is a unique characteristic of the Jeongji(情志) concept in China. Jeongji[Mental] disorder refers to a series of diseases that has a close link between the attack, clinical presentation and emotional stimulation. The attack is deeply affected by emotional stimulation, with which physical symptoms are either present or absent. However, emotional changes are clear most of the time, their effect on disease development noticeable as well. To sum up, Jeongji[Mental] disorder is related to a wide range of medical problems in fields such as internal, surgical, gynecology, pediatrics, and various psychiatric disorders, not to mention contemporary psychological disorders, neurosis, and all kinds of mental illnesses of today. Moreover, the mental and physical disorders of today all share a common pathogenesis, clinical manifestation and treatment discipline. All the more reason for deeper professional research.

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