Abstract

本项研究得到了中欧国际工商学院众多校友和在读学员的积极参与，学院校友关系事务部、信息 技术部、市场传播部、各课程部门（EMBA, FMBA, GEMBA, HEMBA, MBA和高层经理培训）的 大力支持，以及学院研究经费的资助 (项目号：17BICS)，研究团队对此深表感谢。研究团队负全 部文责。 中欧国际工商学院（以下简称“中欧”）研究团队在2020年4月2日至9日期间就新冠肺炎疫情对 在华商业运营的影响做了线上问卷调查。本次调查共收到1,182份答卷，问卷填 写者中有892位（75.5%）任职于中资公司或中资占50%及以上的合资公司（以下简称“中资企 业”），有290位（24.5%）任职于外资（含港澳台）公司或外资占50%以上的合资公司（以下 简称“外资企业”）。

Keyword

中国 ;  中资企业 ;  商业运营 ;  外资企业 ;  新冠肺炎疫情 ;  Business Operations ;  China ;  COVID-19

Abstract

CEIBS Research Team with three professors and two research assistants conducted an online survey from April 2nd to April 9th 2020, receiving 1,182 responses in total. 892 (75.5%) survey participants work for Chinese-owned firms or firms with 50% or more Chinese ownership, and 290 (24.5%) work for foreign-owned firms in China or firms with more than 50% foreign ownership.

Keyword

中国 ;  中资企业 ;  商业运营 ;  外资企业 ;  新冠肺炎疫情 ;  Business Operations ;  China ;  COVID-19

Abstract

本案例主要介绍在国产原创药物研发疲软的背景下，杭州贝达药业自主研发的抗肺癌药物凯美纳的上市经历。讲述如何从审批上市，到初步进入医院，再到取得医生认可进入10余个省级招标目录与250家公立医疗机构的药品采购名单，再到省级与国家医保目录逐渐覆盖，让更多的医生了解凯美纳，更多的患者能够用上凯美纳的过程。

Keyword

中国医药 ;  创新药 ;  新药上市 ;  新药可及 ;  新药研发

Abstract

In the literature on monetary economics, there is the ‘inflationary bias’ result which predicts that the rate of inflation will be biased towards a higher level under discretionary monetary policy than under a rule‐based policy regime. It is established that a credible nominal target can eliminate this ‘inflationary bias’. In this paper, we examine the case of nominal GDP targeting, which is a rule‐based monetary regime. Depending on the degree of conservativeness by the central bank, we show in a stylized model the choice of different combination of inflation and real GDP targets can still result in an ‘inflationary bias’, and there also exists the possibility of a ‘dis‐inflationary bias’.

Keyword

monetary policy ;  nominal GDP targeting ;  central bank ;  conservatism ;  inflationary bias ;  E52 ;  E58

Abstract

The One Belt One Road (OBOR) project is perhaps China's most significant international relations initiative in recent times. It is based on openness, harmony, inclusivity, mutual benefit and market operations and aims to connect the economically vibrant East Asia and the developed Europe by land and by sea, and in the process, it brings growth and development to tens of countries along the modern Silk routes. In this paper, we compare the impact of the main initiatives of OBOR, namely enhancements in physical infrastructure and improvements in border administration, on the trade of countries that have signed on to this project, especially countries along the six economic corridors. We find overwhelming evidence that shows improvements in border administration has the greatest impact on exports of corridor countries. Although physical infrastructure is important for trade, the Chinese government should place equal attention to improvements in trade facilitation to ensure trade routes operate seamlessly across the various corridors.

Keyword

border administration ;  infrastructure ;  one belt one road ;  trade

Abstract

In its recent anti-corruption campaign, China removed the criminal immunity originally enjoyed by its leaders. Absent fundamental changes in the political institution—in which incumbent leaders, instead of citizens at large, select the next leaders—such a partial reform pays off only if (i) it takes place at the “right” time, (ii) it goes easy on corrupt low-rank officials, and (iii) the government is reasonably centralized. Failing any of these, such a partial reform would lead to rampant corruption throughout the government hierarchy—an outcome far worse than retaining leader immunity.

Keyword

Autocracy ;  Corruption ;  Hostage motive ;  Leader immunity ;  Party elites

Abstract

https://www.chinadaily.com.cn/a/201910/14/WS5da3d354a310cf3e35570468_2.html

Keyword

Abstract

近期,脸书(Facebook)发布《加密货币Libra白皮书》,计划未来几年在全球范围内发行数字货币Libra,再次引发金融业界、金融监管机构和学术界对于数字货币的广泛关注和讨论。Libra是否是真正意义上的货币乃至世界货币,对于各国货币发行、货币政策与金融监管将带来怎样的影响,数字货币的未来如何,都是值得探究的课题。为此,本刊邀请业界、学术界专家,对Libra等数字货币的性质、职能、发行的影响以及我们应该采取的应对之策进行深入探讨。

Keyword

Abstract

近期,市场出现了中国人民银行可能考虑购买股票的传闻。我们认为,央行直接购买股票或者ETF的理由不成立。根据《中国人民银行法》第四章第二十三条规定,中国人民银行可以在公开市场上买卖国债、其他政府债券和金融债券及外汇。法无禁止即可为,理论上,中国人民银行法并没有明令禁止央行购买股票或股票ETF的行为。但是,从各个方面考虑,央行都没有必要直接购买股票。

Keyword

股票 ;  央行 ;  公开市场 ;  金融债券 ;  政府债券 ;  ETF 国债

Abstract

本轮中美贸易摩擦自2018年春季发轫,至今已一年多时间。5月10日,美国正式提高对2000亿美元中国输美商品加征的关税,税率从10%上调至25%。由此,去年末稍有缓和的中美贸易摩擦再次跃入公众视野。

Keyword