The Role of Chinese Financial Industry in Promoting Reform and Opening up and Serving the Real Economy in the New Era

2019 ◽  
Vol 10 (3) ◽  
pp. 342
Author(s):  
Zhang ◽  
Wang
Keyword(s):  
Real Economy ◽  
Financial Industry ◽  
New Era ◽  
The Real ◽  
Reform And Opening Up ◽  
Opening Up

scholarly journals The role of the economic crisis on the competitiveness of the agri-food sector in the main Mediterranean countries

2014 ◽  
Vol 60 (No. 2) ◽  
pp. 49-64 ◽  
Author(s):  
M. Crescimanno ◽  
A. Galati ◽  
T. Bal
Keyword(s):  
Economic Crisis ◽  
The United States ◽  
World Market ◽  
Real Economy ◽  
The Real ◽  
The Public ◽  
Mediterranean Countries ◽  
The World ◽  
World Economic

The world economic crisis that, since 2008 has also struck the real economy, cannot be attributed only to the United States bubble which in 2007 involved the mortgage credit market, but it is the result of a series of factors among which the imbalance of the financial market, of the public accounts of the main economies and the real sector. Also agriculture, which has always been considered an anti-cyclic sector, has seen a strong slowdown with a plunge in the trade flows. This paper analyses the changes which happened to the competitive position in the world market of some Mediterranean countries and of France, Italy, Spain and Turkey in particular trying, moreover, to understand the vulnerability of the countries belonging to the EU concerning their integration into an economic and monetary union. The results show how much the crisis has involved all the countries bringing, on the whole, a reduction of the competitive potential in the international market which has been less strong in Turkey, the country characterized by a low per capita income and a low public debt. It can be seen, in particular, how the sectors with a strongest commercial specialization have showed a better resistance to the pressure of the recessive trend.  

Lending to the real sector of the region’s economy: state, problems, prospects

2020 ◽  
pp. 42-49
Author(s):  
Iryna Pasinovych ◽  
Viktoriya Dmytruk
Keyword(s):  
Interest Rates ◽  
Capital Investment ◽  
Banking Sector ◽  
Foreign Currency ◽  
Point Of View ◽  
Real Sector ◽  
Real Economy ◽  
Labor Costs ◽  
The Real

Approaches to the essence and constituent elements of the real economy sector are analyzed, its optimal structure is determined. It is focused on servicing and infrastructural role of banks in relation to the entities of the real sector. The dynamics of the lending to the real sector of the economy and the level of its penetration is analyzed. The paper reveals that the growth of lending in this sector was restored only last year, but the level of penetration continues to decline. The banking sector is analyzed. The paper argues that it has become profitable for the first time since the crisis, but mainly due to reduction of deductions to reserves. The financial situation of enterprises of the real sector of the Ukrainian economy is estimated. After an increase in profitability, it was again observed to have fallen due to the growth of competition and labor costs. Production are found to have increased in the real sector, but the role of loans in its development is insignificant. The emphasis is placed on the leading role of banks in the region for business development. The regional features of lending to the real economy sector in the Lviv region are outlined. The paper determines that in this region the growth of industrial products is much higher than the average in Ukraine, while the share of balances on loans granted is one of the lowest. There are the tendencies towards the decrease of the number of banks in the given region, increase of balances of banks' claims on loans in absolute value, prevalence of long-term loans and foreign currency loans. By the share of received loans the processing industry is in second place, agriculture is in the third place. Low level of the share of unemployed loans, higher than the average in Ukraine indicator of the proportion of loans in capital investment, as well as higher interest rates on loans are the features of regional lending in the Lviv region. The factors limiting the obtaining of loans from the point of view of management entities of the studied region are outlined. Certain NBU branches are dominant in the Lviv region as for lending. The changes in the regulatory environment at the macroeconomic level that are directly related to lending are analyzed. The regulator's policy to revive lending to the real sector should be extremely cautious and systematic, aimed at limiting the concentration of risks, preventing excessive lending growth, increasing the stability of financial infrastructure and reducing the dollarization of the banking sector. Measures to increase lending in the Lviv region are outlined. The involvement of banks in the Lviv educational-industrial hub is proposed.

scholarly journals The promise and perils of alternative market-based finance: the case of P2P lending in the UK

2019 ◽  
Vol 21 (4) ◽  
pp. 395-409 ◽  
Author(s):  
Vincenzo Bavoso
Keyword(s):  
Business Model ◽  
Financial Intermediation ◽  
Real Economy ◽  
Financial Industry ◽  
The Real ◽  
Regulatory Approach ◽  
P2p Lending ◽  
Progressive Growth ◽  
The Uk ◽  
Start Ups

AbstractThe collapse of the global financial industry in 2008 and the subsequent decay of most Western economies into a period of prolonged economic stagnation have represented a springboard for the progressive growth of alternative channels of financial intermediation. The reluctance and inability of mainstream banks in the post-crisis years to provide credit facilities to the real economy, most critically to start-ups and small and medium-sized enterprises, propelled the latest wave of financial innovation, this time under the guise of FinTech. Much has been written on the rise of FinTech in recent years, but there is still insufficient clarity about the benefits that this phenomenon is bringing to the real economy and the potential risks that can arise from its growth. This paper maps the development of FinTech lending platforms in the UK and reconceptualises the rationale for their growth. In doing that, this study focuses on the structure and operation of the main UK platforms, recognising that while some are effectively banks that adopt a technology-based business model, many platforms operate under the P2P business model. The question then is to assess the policy and regulatory approach that is relevant to UK P2P platforms. Interestingly, the emergence of P2P securitisation raises a number of regulatory and policy questions, because longer intermediation chains typical of securitisation may well defy the social and economic purposes under which the idea of P2P developed. Furthermore, questions of systemic risk inevitably resurface in these types of transactions. Ensuing problems related to the best way to regulate these new channels of financial intermediation lead to critically evaluate the initiatives launched by the UK FCA, initially under the Innovation Hub, and more recently under the consultation for a new regulatory framework.

scholarly journals Children of the reform and opening-up: China’s new generation and new era of development

2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Chunling Li
Keyword(s):  
Critical Role ◽  
Social Changes ◽  
New Era ◽  
Education Expansion ◽  
Generational Identity ◽  
The One ◽  
The Life Course ◽  
New Generation ◽  
Reform And Opening Up ◽  
Opening Up

Abstract China’s new generation, born during the 1980s and 1990s, is a social cohort that has grown up in the era of reform and opening-up. They are simultaneously influenced by and play a critical role in a series of significant historical events in the aftermath of the reform and opening-up. The life course of this generation is intertwined with significant social changes, such as fast economic growth, the one-child policy, education expansion, the rise of the Internet, marketization, industrialization, urbanization, and globalization. These changes greatly affect their living circumstances and opportunities, shaping the generational characteristics while widening the intergenerational gap between them and the previous generations. At the same time, however, China’s new generation is unable to break the constraints of the social structure. The shared generational identity fails to eliminate the socioeconomic disparities within the generation. In contrast, marketization has strengthened the Chinese class structure through intergenerational transmission. In China’s new era of development, promoting equal opportunities and narrowing socioeconomic inequality among the new generation now proves to be a new challenge.

scholarly journals La función de ídolo de Jon Rahm en la repercusión mediática del Open de España de Golf 2018

2021 ◽  
Vol 11 (01) ◽  
pp. 123-140
Author(s):  
Miguel Ángel Barbero González ◽  
◽  
Fernando Peinado Miguel ◽  
Keyword(s):  
Public Universities ◽  
First Line ◽  
New Era ◽  
Media Impact ◽  
The Real ◽  
Risk Of Death ◽  
The Media ◽  
New Look

The 2018 Open de España at Centro Nacional de Golf in Madrid, site of the Real Federación Española de Golf, was the renaissance of o tournament born in 1912. It has been played 91 times but in 2017 it was cancelled due to the absence of sponsorship. This paper is the result of a research made by the three public Universities of Madrid with Journalism programs and show their interest in the game of golf and in the role of golfer Jon Rahm, who brought nearly 50.000 espectators through the week to see him win and put the event on the first line again. In this paper we analize the media impact of the Open, the informative treatment that it had and the new look at golf crea­ted; moreover, the influence that the figure of Jon Rahm had as an idol in this new era for a tournament that were in risk of death.

scholarly journals Research on the Problems and Countermeasures in Cultivation of College Students' Cultural Confidence in the New Era

2020 ◽  
Vol 4 (9) ◽  
Author(s):  
Kangjun Guo
Keyword(s):  
College Students ◽  
Human Society ◽  
Human Beings ◽  
Xi Jinping ◽  
New Era ◽  
Chinese Nation ◽  
Chinese Characteristics ◽  
Foreign Exchanges ◽  
Reform And Opening Up ◽  
Opening Up

Culture is a unique phenomenon in human society, which reflects the wisdom of human beings. It is not only the core of a country's cohesion, but also the spiritual driving force for a country to be prosperous and developed. Cultural confidence is an important theoretical content and component of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and an essential source of strength for the great rejuvenation of the Chinese nation. Under the influence of foreign cultures, college students in the new era have problems such as loss of value and lack of confidence in terms of cultural confidence. Therefore, in the course of expanding foreign exchanges and carrying out reform and opening up, it has become an important mission that cannot be delayed for the ideological and political theory teaching in colleges and universities to strengthen the cultural confidence of college students and reinforce their cultural confidence education.

Museums and Exhibitionary Culture in Twentieth-Century China

2021 ◽  
Author(s):  
Denise Y. Ho
Keyword(s):  
Agricultural Production ◽  
Cultural Diplomacy ◽  
Chinese Revolution ◽  
Early 21St Century ◽  
Republican Period ◽  
National Wealth ◽  
Patriotic Education ◽  
Reform And Opening Up ◽  
Opening Up

From the first establishment of a museum in 1905 to the early-21st-century drive to build local museums, Chinese elites and officials have recognized the role of exhibitions in shaping the modern nation. Across this long 20th century, China’s exhibitionary culture has reflected three themes: the deployment of antiquity and tradition to inculcate national consciousness, the creation of revolutionary narratives to model political participation, and the presentation of modernity to inspire a vision of national “wealth and power.” During the Republican period (1912–1949), the Nationalists protected the imperial collection and established revolutionary memorial halls, and elites built local museums while businessmen championed native goods in national product fairs. The Communist Party, which came to power in 1949, created a Museum of the Chinese Revolution while also developing a cultural bureaucracy to preserve cultural relics. During the Mao years (1949–1976), exhibitions were part of everyday life, from rural exhibits about agricultural production to propaganda displays that justified class struggle. Since China’s period of “reform and opening-up” in 1978, exhibitions have played a central role in cultural diplomacy while also serving national aims of domestic tourism and “patriotic education.” The enterprise of the Chinese museum has always had a dual aim: to make the modern nation and to serve the pedagogical state.

Conundrums of Finance and Economics

2020 ◽  
pp. 141-166
Author(s):  
Kaushik Basu
Keyword(s):  
Living Standard ◽  
Real Economy ◽  
The Real

Finance is for an economy what plumbing is for a home. One is unaware of it till it malfunctions and suddenly causes a deterioration in the real economy or living standard. The chapter discusses a range of themes which provide this kind of quiet foundation for the economy. It describes Ponzis and argues that there can be camouflaged Ponzis, which we are unaware of till they crash. The chapter also discusses the role of law in enabling an economy to function efficiently and well.

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