WAN Guangcai（万光彩 ) 1 and LIU Li2( 刘莉 )   Editorial note： The China-US trade imbalance has long been a focus of concern for both sides. Along with the furtherance of economic globalization, the deficiencies of the current trade statistics systems have become increasingly evident. In ...

SHI Qinghua1( 史清华 ) and ZHUO Jianwei2( 卓建伟 )   Editorial note： Civilian loans (which refer to private, non-governmental, people-to-people loans as opposed to loans from government-controlled banks) are prevalent in China’s rural areas and play an important part in the livelihoods of many farming households. ...

LU Feng（ 1 卢锋 ) Editorial note： China’s balance of international payments has registered twin surpluses on a continuous basis, with the twin surpluses and foreign exchange reserves expanding on a larger magnitude in recent years. China’s foreign exchange reserves at the 2006 yearend ...

LI Yang1( 李扬 ), YIN Jianfeng（ 2 殷剑峰 ) and LIU Yuhui3( 刘煜辉 )   Editorial note： In was in early 2007 that the People’s Bank of China (PBOC) announced another raise in RMB deposit reserve ratio (DRR) for financial institutions engaging in the deposit ...

JI Baocheng1( 纪宝成 ) and LIU Yuanchun2( 刘元春 ) Editorial note： The massive inflow of foreign capital into China since the reform and opening to the outside world has promoted China’s rapid economic development, whilst also bringing negative implications for China’s industrial security. This ...

HUANG Qunhui1( 黄群慧 )   Editorial note： Enterprise managerial corruption refers to enterprise management personnel’s (especially senior executives) abuse of power for personal gains without the consent of their clients (enterprise owners). In his paper entitled “China’s Next Step:to Reform Monopoly Industries ”, Huang Qunhui points ...

GAO Peiyong1( 高培勇）   Editorial note：China has continued to register a tax surge after 13 consecutive years of rapid increase, and even showed a stronger growth momentum after it entered its 11th Five-Year period. There have been significant implications for macroeconomic operation and the overall ...

CUI Ruchun1( 崔如春 )   Editorial note ：Alongside China’s rapid economic growth after the adoption of the reform and opening-up policy, urbanization has progressed fairly quickly. Since 1998 in particular the urbanization drive has been accelerating. What is the current status of China’s urbanization drive? ...

ZHANG Xiaoshan1 ( 张晓山 )   Editorial note： Land ownership has become the central issue in China’s agricultural reform and development. In essence, the so-called “agriculture, rural areas and farmers” problem is unable to bypass the core issue of land ownership. In this article, Zhang ...

ZHANG Hanya1 ( 张汉亚 )   Editorial note： In recent years, overseas observers have reached a consensus upon attributing China’s sustained rapid economic growth primarily to high investment. This consensus opinion has also struck a resonant chord among a large number of domestic researchers who ...