Corporate Governance in China: Then and Now

Corporate governance has become a globally debated topic. As multinational corporations enter new global markets, complications abound due to the myriad of corporate governance rules existing among the various legal systems. One example of the new markets becoming more available to American investment is the Chinese market. In light of both the grant of permanent normal trade relations (PNTR) to China and China's anticipated membership in the World Trade Organization (WTO), the American business community is apt to find more opportunity for investment in China. American investors are likely to be increasingly interested in understanding the current Chinese corporate governance regime as they consider the Chinese market for investment of their assets. The goal of this paper is to provide an analysis of the corporate governance system in China and offer some suggestions for improvement to make the Chinese market more attractive to foreign investors. This paper is organized as follows. Part I provides general background information on the historical corporate governance structures prevalent in China. Part II then analyzes current governance issues, in particular those occurring in the context of corporatization of China's State-owned enterprises. Part III offers proposals for reform and is followed in Part IV by our concluding remarks.http://deepblue.lib.umich.edu/bitstream/2027.42/39791/3/wp407.pd

The Relic Abundance of Long-lived Heavy Colored Particles

Long-lived colored particles with masses m > 200 GeV are allowed by current accelerator searches, and are predicted by a number of scenarios for physics beyond the standard model. We argue that such "heavy partons'' effectively have a geometrical cross section (of order 10 mb) for annihilation at temperatures below the QCD deconfinement transition. The annihilation process involves the formation of an intermediate bound state of two heavy partons with large orbital angular momentum. The bound state subsequently decays by losing energy and angular momentum to photon or pion emission, followed by annihilation of the heavy partons. This decay occurs before nucleosynthesis for m < 10^{11} GeV for electrically charged partons and m < TeV for electrically neutral partons. This implies that heavy parton lifetimes as long as 10^{14} sec are allowed even for heavy partons with m ~ TeV decaying to photons or hadrons with significant branching fraction.Comment: 13 pages, 4 figures. Minor revision

Corporate Governance in China: Then and Now

Corporate governance has become a globally debated topic. As multinational corporations enter new global markets, complications abound due to the myriad of corporate governance rules existing among the various legal systems. One example of the new markets becoming more available to American investment is the Chinese market. In light of both the grant of permanent normal trade relations (PNTR) to China and China's anticipated membership in the World Trade Organization (WTO), the American business community is apt to find more opportunity for investment in China. American investors are likely to be increasingly interested in understanding the current Chinese corporate governance regime as they consider the Chinese market for investment of their assets. The goal of this paper is to provide an analysis of the corporate governance system in China and offer some suggestions for improvement to make the Chinese market more attractive to foreign investors. This paper is organized as follows. Part I provides general background information on the historical corporate governance structures prevalent in China. Part II then analyzes current governance issues, in particular those occurring in the context of corporatization of China's State-owned enterprises. Part III offers proposals for reform and is followed in Part IV by our concluding remarks.corporate governance, law reform, China, corporate law

Coal Price Index Forecast by a New Partial Least-Squares Regression

AbstractDeviation of coal price has great influence on growth of China's economic. Daily coal price indexes in Qinhuangdao were collected. Past twenty days were used to predict next day index. The principal components of twenty days were extracted. The function between output variable and components was fitted by linear, quadratic and exponential model. This improved traditional partial least-squares regression. Traditional method such as multivariate linear regression and polynomial regression were coming into comparing with our method. Improved quadratic partial least-squares obtained the smallest relative errors in mean and variance for ten reserved indexes. Those ten errors had minimum 0.3%, median 3.3% and maximum 9.7%. The ideal forecast precision certified that quadratic partial least-squares was suitable for coal price indexes

Chinese Business and the Internet: The Infrastructure for Trust

Although the Internet and E-commerce revolutions have clearly taken hold in the United States and Europe, the Chinese culture has been slow to adopt the Internet as a marketplace. The Authors cite a lack of trust on the part of both potential consumers and potential merchants as the primary obstacle to a robust Chinese E-commerce community. To remedy this lack of trust, the Article proposes the nation seek a middle way between reforms guided by Western rule of law and Eastern rule of ethics, thus incorporating effective regulatory strategies and the philosophical resources already within the Chinese cultural consciousness. The Authors propose a framework based on three distinct varieties of trust, and apply that framework across the specific policy problems that impede vibrant E-commerce in China--namely, the development of a workable regulatory regime, and the particular problems of privacy and defamation that seem to be related to the growth of E-commerce. Ultimately, the Authors suggest that to successfully navigate this dramatic shift to an Internet-enabled economy, China should embrace its past but recognize that the new E-commerce context also may demand new solutions