China's new corporate rescue laws: perspectives and principles

This article considers the new corporate insolvency legislation that came into force in China in June 2007. This law is part of a remarkable transformation in the Chinese economy in recent years. Significant numbers of ailing state owned enterprises have been reformed and subjected to hard budgetary constraints, while the private sector has grown dramatically. Market forces play a greater role, whereas the economy was previously tightly controlled by the state. These changes, together with pressures arising from external bodies such as the European Union, led to an urgent need for the adoption of the revised insolvency law, which has at its heart corporate rescue procedures. This article considers the content of this new law, the background to it, and also assesses the prospects for its operation. In particular attention is paid to the level of scope for state interference in the operation of the law

Interfacial Structural Changes and Singularities in Non-Planar Geometries

We consider phase coexistence and criticality in a thin-film Ising magnet with opposing surface fields and non-planar (corrugated) walls. We show that the loss of translational invariance has a strong and unexpected non-linear influence on the interface structure and phase diagram. We identify 4 non-thermodynamic singularities where there is a qualitative change in the interface shape. In addition, we establish that at the finite-size critical point, the singularity in the interface shape is characterized by two distint critical exponents in contrast to the planar case (which is characterised by one). Similar effects should be observed for prewetting at a corrugated substrate. Analogy is made with the behaviour of a non-linear forced oscillator showing chaotic dynamics.Comment: 13 pages, 3 figure

Correlation function algebra for inhomogeneous fluids

We consider variational (density functional) models of fluids confined in parallel-plate geometries (with walls situated in the planes z=0 and z=L respectively) and focus on the structure of the pair correlation function G(r_1,r_2). We show that for local variational models there exist two non-trivial identities relating both the transverse Fourier transform G(z_\mu, z_\nu;q) and the zeroth moment G_0(z_\mu,z_\nu) at different positions z_1, z_2 and z_3. These relations form an algebra which severely restricts the possible form of the function G_0(z_\mu,z_\nu). For the common situations in which the equilibrium one-body (magnetization/number density) profile m_0(z) exhibits an odd or even reflection symmetry in the z=L/2 plane the algebra simplifies considerably and is used to relate the correlation function to the finite-size excess free-energy \gamma(L). We rederive non-trivial scaling expressions for the finite-size contribution to the free-energy at bulk criticality and for systems where large scale interfacial fluctuations are present. Extensions to non-planar geometries are also considered.Comment: 15 pages, RevTex, 4 eps figures. To appear in J.Phys.Condens.Matte

Development of uniform and predictable battery materials for nickel cadmium aerospace cells Quarterly report, 8 Aug. - 7 Nov. 1968

Sintering of carbonyl nickel powders for nickel cadmium batteries fabricatio

An exploration of the independent director system in China: problems and solutions

An independent director system has been a part of the Chinese corporate governance structure for more than a decade, but it fails to play its key role in monitoring because it is suffering a number of problems and obstacles. The current Chinese corporate governance reforms cannot be achieved without removing the weaknesses and defects in the existing independent director system

Divergence of AMP Deaminase in the Ice Worm Mesenchytraeus solifugus (Annelida, Clitellata, Enchytraeidae)

Glacier ice worms, Mesenchytraeus solifugus and related species, are the largest glacially obligate metazoans. As one component of cold temperature adaptation, ice worms maintain atypically high energy levels in an apparent mechanism to offset cold temperature-induced lethargy and death. To explore this observation at a mechanistic level, we considered the putative contribution of 5′ adenosine monophosphate deaminase (AMPD), a key regulator of energy metabolism in eukaryotes. We cloned cDNAs encoding ice worm AMPD, generating a fragment encoding 543 amino acids that included a short N-terminal region and complete C-terminal catalytic domain. The predicted ice worm AMPD amino acid sequence displayed conservation with homologues from other mesophilic eukaryotes with notable exceptions. In particular, an ice worm-specific K188E substitution proximal to the AMP binding site likely alters the architecture of the active site and negatively affects the enzyme's activity. Paradoxically, this would contribute to elevated intracellular ATP levels, which appears to be a signature of cold adapted taxa

Growth studies on Si0.8Ge0.2 channel two-dimensional hole gases

We report a study of the influences of MBE conditions on the low-temperature mobilities of Si/Si0.8Ge0.2 2DHG structures. A significant dependence of 2DHG mobility on growth temperature is observed with the maximum mobility of 3640 cm2 V−1 s−1 at 5.4 K being achieved at the relatively high-growth temperature of 640 °C. This dependence is associated with a reduction in interface charge density. Studies on lower mobility samples show that Cu contamination can be reduced both by growth interruptions and by modifications to the Ge source; this reduction produces improvements in the low-temperature mobilities. We suggest that interface charge deriving from residual metal contamination is currently limiting the 4-K mobility

Lateral Pile Response from Model Tests in a Large Centrifuge

Lateral loading tests on instrumented model piles in saturated sand in a centrifuge are described. Piles were tested in isolation and in groups of two, three and six piles. Data were obtained on deflections and bending moments in single piles and on interaction factors between piles. Response of single piles compared favourably with data from Mustang Island field tests. Experimental interaction factors generally differed from those commonly used which are derived from elastic theory. The difference depends on pile spacing