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

Guest Editors Li, Mingjun Ding, Yuan Executive Editor Chen, Jieping Editorial Board Members Xu, Bin Rui, Meng Chen, Shimin Lu, Wenzhen Chen, Shaohui Tian, Ming (CEIBS EMBA 2005) Jiao, Sheng (CEIBS EMBA 2008) Li, Wen (CEIBS EMBA 2010)

Keyword

Corporate Social Responsibility ;  CSR ;  企业社会责任

Abstract

特邀编委 李铭俊 丁远 执行编委 陈杰平 编委会成员 许斌 芮萌 陈世敏 吕文珍 陈少晦 田明（中欧EMBA2005级校友） 焦胜（中欧EMBA2008级校友） 李文（中欧EMBA2010级校友）

Keyword

Corporate Social Responsibility ;  CSR ;  企业社会责任

Abstract

最近我看到很频繁使用的一个词,就是2019年充满了不确定性.在我看来,2019年没有什么不确定的.巨大的灰犀牛就蹲在那里,时刻都有可能冲过来,所以今天我想跟大家分享的并不是去预测不确定性,2019年已经不用再预测了,起码在我看来是蹲着非常确定的几头灰犀牛.那我们现在需要研究的是什么?需要关注的是什么?是如何去抗击这几头灰犀牛.我们以为19年政策层面上再出一些利好,以为经济下行了一段时间,19年就会很快好转了,我觉得这都是一厢情愿.人们为什么老是一厢情愿?因为我们改革开放40年,说老实话我们的企业,我们的政府没有经历过经济下行,基本上一帆风顺,借着改革的东风,一路发展壮大.回忆一下40年我们走过的路程。第一次经济的下行,应该在93年到94年宏观紧缩的时候,一大批房地产商倒掉,全国到处看到罢工,为了控制通货膨胀,紧缩银根。但是很快,当货币当通货膨胀控制住之后,经济重新步入快速发展;第二次是1997年亚洲金融危机,中国当时外向型的经济刚刚开放,受到了很大的冲击,但随着国内扩张性财政政策推出,我们也很快缓过来,没有受到太大影响。再下一次是2008年的国际金融危机,我们都知道政府空前动用资源,推出了4万亿的刺激计划。实际上4万亿只是一个符号,我们投入的资源应该是以10万亿人民币计的。这么大力度的政策性刺激,使我们度过了2008年的危机。所以严格来讲,中国经济在40年的过程中,没有经历过一次完整的经济衰退的考验。在座的各位企业家也不知道在衰退的环境下,如何来改变企业的经营策略。这是我们现在感到有一些茫然和焦虑的原因。我们所面临的调整,应该说是中国经济几十年发展到今天,结构性的矛盾积累下来的一个必然结果。

Keyword

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。

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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