• 제목/요약/키워드: China money

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중국의 해외투자 정책과 중국자본 유치의 전제조건 (China's Global Investment Policy and Precondition for China Money FDI in Korea)

  • 박문서;김미정
    • 통상정보연구
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    • 제14권1호
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    • pp.171-195
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    • 2012
  • 본 논문은 한중 양국의 FDI 관련 현황과 정책적 강약점을 파악하고 이를 통해 중국자본 유치전략에서 요구되는 기본적 전제조건을 검토함으로써 향후 중국자본 유치에 도움이 되는 정책방향을 모색하는 데에 연구목적을 둔다. 연구결과 도출된 주요 전제조건들을 제시하면 다음과 같다. 첫째, 한중간 경제관계는 상호보완적이고도 협력적인 수준에 크게 미흡한 상태이므로 무조건적 경쟁관계로 발전할 수 있는 위협요인들을 미리 제거하고, 양국간 신뢰관계를 확대해 나가야 한다. 둘째, 적어도 중국의 입장에서 보면 한국은 매력적인 투자처가 되지 못하고 있다. 최근 발효된 한미FTA 등 한국의 FTA 확대 기회를 적극 활용할 필요가 있다. 셋째, 한국을 대신하는 중국의 대체투자처는 항상 존재하고 있으므로, 투자종목이나 투자규모, 투자방식 등 중국자본 유치에 관련된 투자 협상력은 상당 부분 중국측이 가지고 있다는 사실을 간과하지 말아야 할 것이다. 넷째, 한국의 FDI 정책이 기존의 정책적 프레임 속에 갇혀 규칙 파괴자(rule breaker)의 기능을 발휘하지 못한다면 중국자본 유치는 노력에 비해 성과를 기대하기 어려울 것이다. 다섯째, 중국을 과대평가하거나 중국자본의 힘을 맹신하는 상황에서 중국자본 유치 노력을 경주하다가는 외형적 투자 또는 부실투자로 이어져 예기하지 못한 국가적 손실을 초래할 수 있다는 점에 유의해야 한다.

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중국 연변조선족 여학생과 한국 여학생의 궁극적 가치와 금전사용양식에 관한 연구 - 연길시와 광주광역시 여학생을 중심으로- (A Study on Terminal Values and Money Spending Styles of Girls in Yanbian, China and Those in South Korea)

  • 홍은실;양남희
    • 대한가정학회지
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    • 제41권7호
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    • pp.25-38
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    • 2003
  • This study explored the terminal values(Rokeach's Value) and 5-money spending styles of girls in Yanbian, China and those in South Korea. The subjects were 466 school girls in Yanbian, China and 498 high school girls in South Korea. We used Cronbach' α, t-test, and Pearson correlation analysis as statistical analysis. The results were summarized as follows : 1) at the top of the terminal value hierarchy of girls in the two countries were family security and happiness. 2) resulting from the t-test, there found significant differences between the 5-money spending styles of the Yanbian girls and that of the Korean girls. 3) resoling from the Pearson correlation analysis, there found similarities and differences in relationship between terminal values and money spending styles in two groups.

China's Outward Foreign Direct Investment Patterns: Evidence from Asian Financial Markets

  • HE, Yugang;CHOI, Baek-Ryul
    • The Journal of Asian Finance, Economics and Business
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    • 제7권2호
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    • pp.157-168
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    • 2020
  • Since the economic crisis sweeps across the world in 2008, the foreign direct investment of various countries has been greatly impacted. Therefore, this paper regards China as an example to analyze China's outward foreign direct investment patterns in terms of Asian financial markets with a panel data over the period 2003-2017. We mainly focus on the money market oriented outward foreign direct investment and foreign exchange market oriented outward foreign direct investment. Using the individual fixed effect model to conduct empirical analyses, the empirical findings indicate that China will reduce its foreign direct investment amount to a country with large money supply and China will increase its foreign direct investment amount to a country with large foreign exchange reserves. Furthermore, when a country has signed Free Trade Agreement with China, China will increase more foreign direct investment amount to these countries than that of a country who has not signed Free Trade Agreement with China. Moreover, the empirical findings indicate that no matter what the money market oriented outward foreign direct investment or foreign market oriented outward foreign direct investment, China will reduce its foreign direct investment amount to these Asian countries due to the global economic crisis.

A Study on the Impact of China's Monetary Policy on South Korea's Exchange Rate

  • He, Yugang
    • 산경연구논집
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    • 제9권6호
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    • pp.15-24
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    • 2018
  • Purpose - The adjustment of one country's monetary policy can cause the macroeconomic change of other countries. Due to this, this paper attempts to analyze the impact of China's monetary policy on South Korea's exchange rate. Research design, data, and methodology - Based on the flexible-price monetary model, sets of annual time series from 1980 to 2017 are employed to perform an empirical estimation. The vector error correction model is also used to exploit the short-run relationship between both of them. Of course, the South Korea's real GDP, the China's real GDP, South Korea's interest rate, the South Korea's interest rate and the South Korea's monetary supply are treated as independent variables in this paper. Result - The long-run findings reveal that the China's money supply has a negative effect on South Korea's exchange rate. Respectively, the short-run findings depicts that the China's money supply has negative a effect on South Korea's exchange rate. Of course, other variables selected in this paper also have an effect on South Korea's exchange rate whatever positive or negative. Conclusions - As the empirical evidence shows, the China's monetary policy has a negative effect on South Korea's exchange rate whenever in the long run or in the short run.

How Consumers Spend and Distribute Money Tainted by Anger

  • PARK, Hyun Young
    • 유통과학연구
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    • 제19권7호
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    • pp.51-59
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    • 2021
  • Purpose: Anger has become one of the dominantly experienced emotions in recent years, particularly under the COVID-19 pandemic. Considering the critical role that anger plays in consumers' lives, the present research examines how feeling angry about money influences consumers' spending and money distribution decisions. Research design and methodology. Three experiments were conducted using different emotion induction methods (i.e., dictator game, autobiographical recall, and scenario). Results. Feeling angry about money decreased pro-social spending (i.e., less money distribution to the others), but it did not affect virtuous or utilitarian spending for the self-unlike past finding on negative feelings that increased utilitarian spending. Furthermore, whereas anger-tainted money decreased pro-social spending of that money, guilt-tainted money increased pro-social spending. However, the effects of guilt versus anger were not completely symmetrical. The antagonistic effect of anger was diffusive across spending on distant and close others, whereas the pro-social effect of guilt was limited to distant others. Conclusions: These findings help policy makers and financial institutions forecast how money will be distributed or circulated when it is likely to be dampened by anger under the pandemic. They also highlight the importance of examining the effects of discrete emotions (e.g., anger vs. guilt) beyond valence.

중국 웹보드 게임 정책 분석: '비엔펑' 게임사례를 중심으로 (The Analysis for Web-board Game Policy in China : The Case Study for 'Bianfeng' Game)

  • 송승근
    • 한국콘텐츠학회논문지
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    • 제17권1호
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    • pp.436-443
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    • 2017
  • 본 연구는 중국의 온라인 게임의 산업 현황과 관련 법률을 고찰하고 웹보드 게임 운영사례를 통해 중국 웹보드 게임 정책의 성격과 특징을 살펴보는 것을 목적으로 한다. 이를 위해 중국 현지 온라인 모바일 게임 산업 문헌을 고찰하고 온라인 게임관련 중국법을 시장진입, 저작권보호, 안전감독, 유통, 영업장 관점에서 살펴보았다. 중국 웹보드 게임 가운데 가장 유명한 비엔펑 게임사의 게임운영을 살펴보고 문제가 되고 있는 게임머니의 충전과 환전이 어떻게 이루어지는 지를 고찰하였다. 그 결과 중국 법의 이중적인 특성으로 인하여 합법도 아닌 불법도 아닌 중간영역에서 환전이 이루어지고 있다는 것을 발견하였다. 환전에 대한 강력한 금지를 취하지 않은 애매한 판단이기는 하지만 사회적 물의가 발생될 때에 한해서 최소한의 규제가 진행된다는 것을 발견하였다. 본 연구는 한국의 규제당국과 중국 진출을 계획하는 게임사에서 게임운영 정책의 중요한 지침을 줄 것으로 기대한다.

Output and Real Exchange Rate in Developing Countries: Evidence from China

  • Huan, Xingang;He, Yugang
    • 산경연구논집
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    • 제8권5호
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    • pp.7-13
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    • 2017
  • Purpose - The purpose of this paper is to analyze the relationship between the real exchange rate and the output, which is based on the macroeconomic equilibrium theory in China. Its aim will be to verify whether the change in the real exchange rate has a significant effect on the output or not. Research design, data, and methodology - This study endeavors tries to investigate the correlation among economic variables under the macroeconomic market (the commodity market and the money market) equilibrium. So, time-series data from 1990 to 2016 is applied to establish a vector auto-regression (VAR) model so as to perform an empirical analysis. Results - The empirical results reveal that an increase in the real exchange rate will result in an increase in the output in the short run. However, the empirical results also indicate that this kind of mechanism cannot work in the long run. Conclusions - The effect of a decrease of real exchange rate on output is significant in the short run. Also, this paper suggests that the total supply and the total demand can promote economic growth. The fiscal and money policy play a significant role in economic growth in China as well.

중국 수산물 소비구조와 전망 (Consumption Structure and Prospects of Seafood in China)

  • 구 특력근백을
    • 수산경영론집
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    • 제37권3호
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    • pp.109-130
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    • 2006
  • Rapid economic development has led seafood consumption to its quality - oriented pattern as well as consumer's in China. This study concerns about The First, China is Seafood development background. The Second, China become emboldened seafood causes. The third, seafood consumption has characteristic. The fourth, seafood consumption has the organization of society. The study shows that there are economic developmental periods Chinas has three time. The First time$(1961\sim1983)$ is rapid growth. The Second time$(1984\sim1998)$ is growth accumulate. The third time$(1999\sim)$ is changing on seafood consumption as the consumption of seafood is changed according to economic variables changes in income, price, tastes and population. This changing pattern of seafood consumption is based on economic variables appears toward luxury and convenience seafoods. Consumption of food is also affected by non - economic variables. The most typical non - economic variables leading to changes of seafood consumption is local, seafood culture, $et{\ldots}$ Recently seafood consumption pattern shows that consumers paying more money to get their seafood preference for pursuing its hight growth and varienty.

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A Modern Analysis of 'Guanxi' of Foreign Investment in China

  • LEE, Seoung-Taek;PARK, Woo
    • 무역상무연구
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    • 제68권
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    • pp.197-218
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    • 2015
  • China is a land of guanxi, everything is connected with guanxi. China has a business culture based on guanxi connections underpinned by strong Confucian ethics. However, there are some reasons why it is difficult for western companies to run businesses in China. Firstly, foreign firms lack the understanding and experiences necessary for doing business in China. They don't know the absence of alternatives is one of reasons that guanxi is so powerful in Chinese society. Secondly, there are many misconceptions about guanxi. It is easier for many foreign scholars or businessmen to equate guanxi with corruption due to the ambiguity of guanxi. Thus, if a foreign enterprise possesses guanxi, it can be a source of competitive advantage for doing business due to lack of law systems for anti-corruption activities in China. Furthermore, it is gaining increasing importance not only in Business to Government(B2G) but also in Business to Consumers(B2C) relationships. Therefore,managers should pay great attention to the proper use of guanxi instead of being involved in corrupt behaviours because now the governments hold a strong attitude against corruption. In particular, establishment of working guanxi through red envelops(basically giving money) or illegal gifts can cause a great problem for both parties, which were naturally accepted among most government officials and businessmen until recently.

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资产价格波动对中国宏观经济风险的影响 (Asset Price Volatility and Macroeconomic Risk in China)

  • Jishi, Piao;Mengjiao, Liu
    • 분석과 대안
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    • 제3권1호
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    • pp.135-157
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    • 2019
  • The linkages between asset prices and macroeconomic outcomes are long-standing issue to both economists and monetary authorities. This paper explores the impact of asset prices on output and price in China. It focuses on the impacts of asset prices on the low quantiles of GDP gap and high quantiles of price gaprespectively. The main findings are the following: the influence of stock price gap, stock returns, and money growth on the different quantile of GDP gap and price gap are noticeable different, and there are significant impacts on the left tail of GDP gap distribution and on the right tail of price gap distribution. This implies that the results coming from simple regression will underestimate the economic risk imposed by asset price volatility. Moreover, these results also provide the caveat that one should cautiously distinguish the meaning of asset price gap and asset price growth rate and use them, through their contents are similar in some sense. One implication for monetarypolicy is that authority should interpret the relationship between asset prices and macro-economy in wider perspectives, and make the policy decision taking the impacts of asset prices on the tails of economy.

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