The project finance scenario has changed significantly around the world after the 2008 financial crisis and following the subsequent Basel III recommendations. Project finance loans from commercial banks and financial institutions have largely dried up, leaving it mostly to the export credit agencies and the bilateral and multilateral development banks to provide the institutional credit. Unfortunately, those sources are not enough, given the huge needs for construction of new infrastructure and renovation of the old ones across Asia, Africa and Latin America. The need for capital markets, through market listed financial products across asset class, unlocking a large part of domestic and corporate savings, has never been felt as strongly before. This article seeks to analyze the development story of various Asian capital markets and examine financial products, which have succeeded in their short history in receiving investor interest. The article also delves into the challenges to market development, policy imperatives and the issues relating to market liquidity and credit rating, which are the most significant influencers for public market float and investor interest.
The People's Republic of China (PRC) wants to become a key regional actor in the Arctic. PRC's underlying priority in the region is gaining access to commercial opportunities from trade and natural resources. To this end, PRC is building its domestic capacities for research and commercial development in the Arctic, increasing its involvement in multilateral forums on Arctic governance and deepening ties to Arctic nations, especially Russia.
Attitudes towards PRC among Arctic nations are diverging, but Beijing generally faces high levels of skepticism and opposition to its Arctic involvement, explicitly grounded in perceptions of PRC as a state undermining the rules-based international order and potential military build-up in the high north.
The analytical framework in this article builds on an outline authored by Exner-Pirot in 2012 (Exner-Pirot, 2012) to detail the current schools of thought within Arctic governance, and builds on it by including more recent developments in Arctic governance, incorporating the updated Arctic policies of most Arctic countries and connecting it to PRC.
This article contends that Beijing wants to change the status quo of Arctic governance and shift it towards a more accommodating approach to non-Arctic states. This article finds, based on the stated Arctic strategies of the eight Arctic states and PRC, that there are different views on Arctic governance where Arctic countries for the most part indicate an openness to a Chinese entry into the Arctic, albeit in diverging ways. This creates a complex governance scenario for PRC to navigate as it seeks to become a key Arctic player
Influenced by global financial crisis in 2008, many countries around the world have realized the significance of sustainable development. And green development, as the most important pathway to sustainability, has been implemented by various countries. In this context, green development has drawn great attention from academic researchers both at home and abroad in recent years and has become an interdisciplinary-oriented research direction. As an applied basic research field for exploring the structural change of resources and environment as well as regional sustainable development, geography plays an essential role in the research of green development. Based on an intensive literature review, this article firstly summarized the connotation and analytical framework of green development. Secondly, it systematically outlined the progress of green development research from the perspective of geography and thus extracted seven themes, that is, the influencing factors of green development, assessment methods, spatial and temporal characteristics of green development, green development and industrial transformation, green transformation of resource-based cities, the effect of green development, and green development institutions and recommendations. Comments were made on the existing studies including their shortcomings. Finally, future research emphases were discussed, aiming to provide references for further study on green development from the perspective of geography in China.
Distributed biomass energy technology has strong adaptability to the types of raw materials, flexible project scale, can meet the needs of special users, better economy in small scale, easier commercial development, in line with the characteristics of biomass resources and China’s national conditions. The distributed utilization of biomass energy mainly includes biomass briquette fuel and biogas. The key technologies include biomass briquette fuel processing and combustion, large and medium-sized biogas engineering technology, biomass gasification pyrolysis and gas utilization. At present, China’s distributed biomass energy technology is mainly in the stage of technological improvement and application demonstration. It is expected that by 2030, most of the key technologies will be basically mature and have the conditions for industrialization. The main development direction of China’s distributed biomass energy industry is the replacement of traditional coal-fired gas, urban/rural clean living energy supply, and rural ecological environmental protection. The pollution caused by burning coal/fuel oil, and at the same time centering on the national new urbanization strategy, provide sustainable clean energy for the construction of new rural areas, and improve the level of rural ecological and environmental protection. At present, the main bottleneck restricting the development of distributed biomass energy industry is economy and reliability. The state should increase investment in technological innovation and policy support, convert the environmental and social benefits of biomass energy into cost benefits, and promote biomass energy. The development of the industry can be distributed and utilized.
With the advent of knowledge economy, international competition is becoming increasingly fierce, human resources management in the role of enterprise management is growing. In the 21st century, the trend of globalization of the world economy has been strengthened, and the development of science and technology has been changing with each passing day. The essence of comprehensive national competition is becoming the competition of human resources. Similarly, enterprises in order to compete in the fierce and healthy development, we must reduce costs and improve management efficiency, must have a set of their own talent management methods. Human resources are the most important resources in all resources, effectively play the important role of human resources in the core competitiveness, and formulate the countermeasures of human resource competition, which is of great significance to improve the core competitiveness of enterprises. In the new century to further improve the management of human resources in state-owned enterprises, improve China's enterprise human resources management system is to enliven the state-owned enterprises, improve our comprehensive national strength of the top priority, to promote China's economic development is of great significance.
This paper reviews and compares the opportunities and challenges in terms of port and intermodal development in China and India—the two fast-growing economic giants in the world. The study analyzes the future direction of these two countries’ port-hinterland intermodal development from the sustainability perspective. Both China and India face some major opportunities and challenges in port-hinterland intermodal development. The proposal of the Silk Road Economic Belt and the 21st-century Maritime Silk Road, also known as the Belt and Road Initiative (BRI), offers plentiful opportunities for China. A challenge for China is that its development of dry ports is still in the infancy stage and thus it is unable to catch up with the pace of rapid economic growth. As compared with China, India focuses more on the social aspect to protect the welfare of its residents, which in turn jeopardizes India’s port-hinterland intermodal development in the economic sense. The biggest challenge for India is its social institution, which would take a long time to change. These in-depth comparative analyses not only give the future direction of port-hinterland intermodal development in China and India but also provide references for other countries with similar backgrounds.
Copyright © by EnPress Publisher. All rights reserved.