• Title/Summary/Keyword: Chinese rise

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How Do South Korean People View the US and Chinese National Influence?: Is Soft Power Zero-Sum?

  • Zhao, Xiaoyu
    • Asian Journal for Public Opinion Research
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    • v.5 no.1
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    • pp.15-40
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    • 2017
  • This paper addresses the zero-sum of soft power against the backdrop of the rise of China and the relative "decline" of America. It attempts to find out that whether the "decline" of America's soft power is caused by the rise of China's soft power, and whether China's rise could guarantee with certainty the growth of soft power. In light of the particularity of South Korea, that is, its economy relies on China and its security relies on the US, this paper chooses South Korea as the entry point for the study. Based on the Pew data from a South Korean opinion poll, this paper conducts bivariate correlation and binary logistic regression respectively, to explore the existence of zero-sum "competitions" between China's and America's soft power.

Chinese Corporate Leverage Determinants

  • Ferrarini, Benno;Hinojales, Marthe;Scaramozzino, Pasquale
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.1
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    • pp.5-18
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    • 2017
  • Total debt in the People's Republic of China surged to nearly 290% as a ratio to GDP by the second quarter of 2016, mostly on account of non-financial corporate debt. The outpouring of credit to stem the impact of the global financial crisis accentuated industrial overcapacity in traditional sectors, such as steel, cement, and energy, while feeding asset bubbles in the property, equity and bond markets. At the Chinese corporate level, this has translated into weakened fundamentals and a fall in industrial profits, particularly of SOEs. As debtors struggle to service interest payments, non-performing loans (NPLs) have been on the rise. This paper assesses the financial fragility of the Chinese economy by looking at risk factors in the non-financial sector. We apply quantile regressions to a dataset containing all Chinese listed companies in Standard & Poor's IQ Capital database. We find higher sensitivity over time of corporate leverage to some of its key determinants, particularly for firms at the upper margin of the distribution. In particular, profitability increasingly acts as a curb on corporate leverage. At a time of falling profitability across the Chinese non-financial corporate sector, this eases the brake on leverage and may contribute to its continuing increase.

A Study on Changes in China's Distribution Market and Firms' Response Strategies

  • KIM, Byoung-Goo
    • East Asian Journal of Business Economics (EAJBE)
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    • v.9 no.4
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    • pp.69-80
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    • 2021
  • Purpose - This study investigated the development process of the Chinese distribution industry and analyzed the current status of China's offline and online distribution industries under the development process of the Chinese distribution industry. In addition, the current status of offline distributors in China and representative companies were analyzed as case studies. Research design, data, and methodology - This study analyzed the overall environment of the Chinese distribution industry by using literature data. Then, this study conducted a case analysis using RT Mart and Jingdong, major companies in the distribution industry. Result -The main research results of this study show that the Chinese distribution market has already matured, and retailers are fiercely competing to secure sales and operating profits through various methods such as finding new management methods, improving awareness and customer loyalty by expanding the number of stores. Conclusion -Recently, the characteristic of China's distribution industry is that the boundaries of distribution are breaking down. Chinese retailers are taking strategies to expand the scope of services by erasing the boundaries of distribution. In other words, distribution companies are promoting a borderless distribution strategy in which consumers purchase products online and offline without restrictions on time and space. In addition, small stores in residential areas are on the rise compared to large-scale stores in the city center. The existing distribution industry operates various types of distribution stores to prepare for the post-COVID-19 crisis.

Corrosion fatigue crack growth behavior of 316LN stainless steel in high-temperature pressurized water

  • Zhang, Ziyu;Tan, Jibo;Wu, Xinqiang;Han, En-Hou;Ke, Wei
    • Nuclear Engineering and Technology
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    • v.53 no.9
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    • pp.2977-2981
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    • 2021
  • Corrosion fatigue crack growth (FCG) behavior of 316LN stainless steel was investigated in high-temperature pressurized water at different temperatures, load ratios (R = Kmax/Kmin) and rise times (tR). The environmental assisted effect on FCG rate was observed when both the R and tR exceeded their critical values. The FCG rate showed a linear relation with stress intensity factor range (ΔK) in double logarithmic coordinate. The environmental assisted effect on FCG rate depended on the ΔK and quantitative relations were proposed. Possible mechanisms of environmental assisted FCG rate under different testing conditions are also discussed.

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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Study of Boundary Tone in Mandarin Chinese (표준 중국어의 경계억양에 관한 연구)

  • Sohn Nam-Ho
    • Proceedings of the KSPS conference
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    • 2003.05a
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    • pp.43-47
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    • 2003
  • This paper is phonetic study of $F_{0}$ range and boundary tone in Mandarin Chinese. The production data from 6 Chinese speakers show that there are declination, pitch resetting and tonal variation of boundary tone. In declarative sentence, $F_{0}$ declines gradually over the utterance but mid-sentence boundary prevents $F_{0}$ of following syllable from declining because of pitch resetting. $F_{0}$ range of syllable is expanded before the mid- and final sentence boundaries. In interrogative one, $F_{0}$ ascends gradually over the utterance and mid-sentence boundary makes $F_{0}$ of following syllable rise more. $F_{0}$ range of sentence final syllable is expanded and $F_{0}$ contour shows rising curve.

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A Study on the Competitiveness Evaluation of Korean, Chinese, and Japanese Construction Companies in Vietnam (베트남에 진출한 한국·중국·일본 건설기업의 경쟁력 평가 연구)

  • Park, Hwan-Pyo
    • Journal of the Korea Institute of Building Construction
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    • v.21 no.1
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    • pp.61-69
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    • 2021
  • The size of Vietnam's construction market has been on a steady rise recently, and foreign construction companies such as China and Japan have been expanding their presence. Therefore, this study examined the design capabilities, construction capabilities, and construction project management capabilities of Korean, Chinese, and Japanese construction companies operating in Vietnam and local construction companies operating in Vietnam. As a result, it was found that Japan, Korea, China, and Vietnam were competitive in order. In particular, Korea's competitiveness in high-rise buildings and plants has been shown to be highly competitive in Vietnam. Based on these results, the government proposed measures to strengthen the competitiveness of Korean construction companies in Vietnam.

The Structural Design of Tianjin Goldin Finance 117 Tower

  • Liu, Peng;Ho, Goman;Lee, Alexis;Yin, Chao;Lee, Kevin;Liu, Guang-lei;Huang, Xiao-yun
    • International Journal of High-Rise Buildings
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    • v.1 no.4
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    • pp.271-281
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    • 2012
  • Tianjin Goldin Finance 117 tower has an architectural height of 597 m, total of 117 stories, and the coronation of having the highest structural roof of all the buildings under construction in China. Structural height-width ratio is approximately 9.5, exceeding the existing regulation code significantly. In order to satisfy earthquake and wind-resisting requirements, a structure consisting of a perimeter frame composed of mega composite columns, mega braces and transfer trusses and reinforced concrete core containing composite steel plate wall is adopted. Complemented by some of the new requirements from the latest Chinese building seismic design codes, design of the super high-rise building in high-intensity seismic area exhibits a number of new features and solutions to professional requirements in response spectrum selection, overall stiffness control, material and component type selection, seismic performance based design, mega-column design, anti-collapse and stability analysis as well as elastic-plastic time-history analysis. Furthermore, under the prerequisite of economic viability and a series of technical requirements prescribed by the expert review panel for high-rise buildings exceeding code limits, the design manages to overcome various structural challenges and realizes the intentions of the architect and the client.

Evacuation Safety Assessment of Elderly and Children in High-rise Hotels in China

  • Yuanyuan Zhang;Hasung Kong
    • International Journal of Internet, Broadcasting and Communication
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    • v.16 no.2
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    • pp.227-236
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    • 2024
  • Chinese high-rise hotels are large in size, densely populated, and have a lot of combustibles. Once a fire occurs, the fire and smoke spread rapidly, and once a fire accident occurs, it is easy to cause a large number of deaths. Fires have a greater impact on special populations such as elderly and children who move slowly. At present, research mainly focuses on the impact of high-rise building structures on evacuation consequences, but there is very little research on the safety evacuation consequences of elderly people and children in high-rise hotels. This paper focuses on the elderly and children living in high-rise hotels in China. We studied three scenarios in which the elderly and children were placed on high floors, middle floors, and low floors. For the above three scenarios, use pathfinder software for simulation, According to the simulation results, when the elderly and children are mainly concentrated in the lower floors (2nd and 3rd floors), the evacuation time is the shortest, 147 seconds. The evacuation time for the elderly and children on the middle floor (6th and 7th floors) is the longest, at 191.5 seconds. Compared to being placed on high floors, safely staying on low floors for all ages reduces evacuation time by 44.5 seconds and improves evacuation efficiency by 23.24%. The final safety evacuation plan is that in daily safety management, hotels should arrange elderly and children occupants on lower floors as much as possible to reduce the total evacuation time and improve personnel evacuation efficiency. This has great guiding significance in the safety management of high-rise hotels.

Factors affecting particle breakage of calcareous soil retrieved from South China Sea

  • Wang, Xinzhi;Shan, Huagang;Wu, Yang;Meng, Qingshan;Zhu, Changqi
    • Geomechanics and Engineering
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    • v.22 no.2
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    • pp.173-185
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    • 2020
  • Calcareous soil is originated from marine biogenic sediments and weathering of carbonate rocks. The formation history for calcareous sediment includes complex physical, biological and chemical processes. It is preferably selected as the major fill materials for hydraulic reclamation and artificial island construction. Calcareous sands possess inter pores and complex shape are liable to be damaged at normal working stress level due to its fragile nature. Thus, the engineering properties of calcareous soil are greatly affected by its high compressibility and crushability. A series of triaxial shear tests were performed on calcareous sands derived from South China Sea under different test conditions. The effects of confining pressure, particle size, grading, compactness, drainage condition, and water content on the total amount of particle breakage for calcareous soil were symmetrically investigated. The test results showed that the crushing extent of calcareous sand with full gradation was smaller than that a single particle group under the same test condition. Large grains are cushioned by surrounding small particles and such micro-structure reduces the probability of breakage for well-graded sands. The increasing tendency of particle crushing for calcareous sand with a rise in confining pressure and compactness is confirmed. It is also evident that a rise in water content enhances the amount of particle breakage for calcareous sand. However, varying tendency of particle breakage with grain size is still controversial and requires further examination.