Dynamic Correlation between the Chinese and the US Financial Markets: From Global Financial Crisis to COVID-19 Pandemic

As China’s economy and the U.S. economy have shown a definite interaction, there is considerable interest in studying the correlation between the Chinese stock market and the US financial markets. This paper uses an Asymmetric Dynamic Conditional Correlation (ADCC)-GARCH to investigate the correlation between the Shanghai Composite Index (SHCI) and the U.S. financial markets, including SP500, NASDAQ, and US dollar indexes. The empirical results show that the time-varying daily and the lag-one correlation between China and the US stock markets have different performances during global events and national events. Compared with the complicated effect of negative events on the correlation of the stock market, SHCI and USD are negatively correlated with higher negative correlation during the global negative events. In addition, we found Chinese investors are more contagious to the news than American investors, indicating that the Chinese government’s policy are more indicated to Chinese investors. Finally, some policy suggestions are provided, and are beneficial to risk prevention and control, and investment

Effect of Electrode Distances on Remediation of Eutrophic Water and Sediment by Sediment Microbial Fuel Cell Coupled Floating Beds

Efficient and sustainable technologies for cleaning of contaminated water and sediments are in urgent demand. In this study, a new type of sediment microbial fuel cell coupled floating bed (FB-SMFC) was developed to repair eutrophic water and sediment in a cleaner way. The effect of electrode spacing on the power generation capacity and the synchronous remediation of pollutants from eutrophic water and sediment were studied. When the electrode distance was 60 cm, the maximum power generation and pollutant removal effects were obtained. At the end of the experiment, the maximum output voltage was 0.4 V, and the chemical oxygen demand (CODCr, potassium dichromate method), total nitrogen (TN), and total phosphorus (TP) contents in the overlying water were 8 mg/L, 0.7 mg/L, and 0.39 mg/L. The corresponding removal rates were 88.2%, 78.8%, and 59.0%, respectively. The removal rates of organic matter and TN in the sediment were 12.8% and 86.4%, respectively, and the fixation rate of TP was 29.2%. Proteobacteria was the dominant phylum of bacteria in the sediment and anode. Many anaerobic bacteria were found in the overlying water, which facilitated denitrification. Overall, the results of this research revealed a highly efficient and reliable strategy for eutrophic water and sediment remediation, aquatic ecosystems restoration, and human health protection

Transformation of Chromium Speciation during High Hexavalent Chromium-Contaminated Soil Remediation by CPS and Biostimulation

To address the secondary pollution problem of chemical reduction and the defects of a long bioremediation period for the soil around a chromium (Cr) salt plant in China, calcium polysulfide (CPS) combined with biostimulation (adding nutrient solution with glucose and urea) was used to reduce and stabilize hexavalent chromium [Cr(VI)] in the soil. The results showed that the remediation effect of adding CPS and nutrient solution was better than that of CPS alone for Cr(VI)-contaminated soil. An amount of 2.15% CPS with the Cr(VI) concentration reduced to approximately 330.0 mg/kg was selected as the optimal reducing agent dosage. Following the addition of 11 g/kg glucose and 13 g/kg urea, the degradation rate of Cr(VI) reached over 92% after 3 days, and the water-soluble fraction decreased by 95.6% after 40 days. The stability of the Cr was significantly enhanced. The correlation and regression analyses of Cr speciation indicated that the water-soluble fraction had significant negative correlations with the iron-manganese (Fe-Mn) oxide-bound fraction and the organic matter-bound fraction. There were significant negative correlations between the exchangeable fraction and the carbonate-bound fraction as well as extremely significant positive correlations between the Fe-Mn oxide-bound fraction and the organic matter-bound fraction. It was speculated that both the Fe-Mn oxide-bound fraction and the organic matter-bound fraction were transformed from the water-soluble fraction, and the exchangeable fraction and the carbonate-bound fraction were mutually transformed. This study enables us to acquire more knowledge about the speciation transformation of Cr in soil and provides an efficient, low-cost, and low-risk technology for the remediation of high Cr(VI)-contaminated soil

Transformation of Chromium Speciation during High Hexavalent Chromium-Contaminated Soil Remediation by CPS and Biostimulation

To address the secondary pollution problem of chemical reduction and the defects of a long bioremediation period for the soil around a chromium (Cr) salt plant in China, calcium polysulfide (CPS) combined with biostimulation (adding nutrient solution with glucose and urea) was used to reduce and stabilize hexavalent chromium [Cr(VI)] in the soil. The results showed that the remediation effect of adding CPS and nutrient solution was better than that of CPS alone for Cr(VI)-contaminated soil. An amount of 2.15% CPS with the Cr(VI) concentration reduced to approximately 330.0 mg/kg was selected as the optimal reducing agent dosage. Following the addition of 11 g/kg glucose and 13 g/kg urea, the degradation rate of Cr(VI) reached over 92% after 3 days, and the water-soluble fraction decreased by 95.6% after 40 days. The stability of the Cr was significantly enhanced. The correlation and regression analyses of Cr speciation indicated that the water-soluble fraction had significant negative correlations with the iron-manganese (Fe-Mn) oxide-bound fraction and the organic matter-bound fraction. There were significant negative correlations between the exchangeable fraction and the carbonate-bound fraction as well as extremely significant positive correlations between the Fe-Mn oxide-bound fraction and the organic matter-bound fraction. It was speculated that both the Fe-Mn oxide-bound fraction and the organic matter-bound fraction were transformed from the water-soluble fraction, and the exchangeable fraction and the carbonate-bound fraction were mutually transformed. This study enables us to acquire more knowledge about the speciation transformation of Cr in soil and provides an efficient, low-cost, and low-risk technology for the remediation of high Cr(VI)-contaminated soil