This paper finds that financial spillovers from China to regional markets are on the rise. The main transmission channel appears to be trade linkages, although direct financial linkages are playing an increasing role. Without an impact on global risk premiums, China’s influence on regional markets is not yet to the level of the United States, but comparable to that of Japan. If China-related shocks are coupled with a rise in global risk premiums, as in August 2015 and January 2016, spillovers to the region could be significantly larger. Over the medium term, China’s financial spillovers could rise further with tighter financial linkages with the region, including through the ongoing internationalization of the renminbi and China’s capital account liberalization.
Looking at China's foreign policy, this book focuses on the Confucian-based need of Chinese leaders to present themselves as the supreme moral rectifiers of the world order.
Offering recent scholarship in Chinese historiography, this text focuses on radical, even revolutionary, changes of the period 1895-1912. The book investigates intellectual and institutional changes associated with the government's Xinzheng or New Systems reforms.
The Chinese language has the longest well-documented history among all human languages, making it an invaluable resource for studying how languages develop and change through time. Based on a twenty-year long research project, this pioneering book is the English version of an award-winning study originally published in Chinese. It provides an evolutionary perspective on the history of Chinese grammar, tracing its development from its thirteenth-Century BC origins to the present day. It investigates all the major changes in the history of the language within contemporary linguistic frameworks, and illustrates these with a wide range of examples taken from every stage in the language's development, showing how the author's findings are relevant to contemporary descriptive, theoretical, and historical linguistics. Shedding light on the essential properties of Chinese and, ultimately, language in general, it is essential reading for academic researchers and students of Asian linguistics, historical linguistics and syntactic theory.
This paper finds that financial spillovers from China to regional markets are on the rise. The main transmission channel appears to be trade linkages, although direct financial linkages are playing an increasing role. Without an impact on global risk premiums, China’s influence on regional markets is not yet to the level of the United States, but comparable to that of Japan. If China-related shocks are coupled with a rise in global risk premiums, as in August 2015 and January 2016, spillovers to the region could be significantly larger. Over the medium term, China’s financial spillovers could rise further with tighter financial linkages with the region, including through the ongoing internationalization of the renminbi and China’s capital account liberalization.
This book investigates historical motivations for the emergence of the resultative construction in Chinese from the following four aspects: (a) disyllabification, (b)adjacent context, (c) semantic integrity, and (d) frequency of co-occurence of a pair of verb and resultative. The author also addresses a series of grammatical changes and innovations caused by the formation of this resultative construction, such as the development of aspect, mood, verb reduplication, the new predicate structure, the disposal construction, the passive construction, the verb copying construction, and the new topicalization construction, all of which together shape the grammatical system of Modern Chinese. The present analysis raises and discusses a number of theoretical issues that are meaningful to various linguistic disciplines like pragmatics, discourse analysis, grammaticalization, and general historical linguistics.
Each week presents 8 illustrated lessons plus additional helpful resource material. Each illustrated lesson page shows objects and interactions, with the target language on one side and English on the other. Each lesson builds on the previous lessons and just one short week takes you from beginner to managing basic needs and conversation. Each additional week adds new grammar material, handy language and cultural information, plus useful quick reference material. Each package includes a 250 page spiral bound book and a 45-minute audio CD.
This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast-growing Asian economies have been unable to replicate the “growth with equity” miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth. The paper argues that policies could have a substantial effect on reversing the trend of rising inequality. It is imperative to address inequality of opportunities, in particular to broaden access to education, health, and financial services. Also fiscal policy could combat rising inequality, including by expanding and broadening the coverage of social spending, improving tax progressivity, and boosting compliance. Further efforts to promote financial inclusion, while maintaining financial stability, can help.
Deeper intraregional financial integration is prominent on Asian policymakers’ agenda. This paper takes stock of Asia’s progress toward that objective, analyzing recent trends in cross-border portfolio investment and bank claims. Then, it investigates the drivers of financial integration by estimating a gravity model of bilateral financial asset holdings on a large sample of source and destination countries worldwide, focusing in particular on the role of regulation and institutions. The paper concludes that financial integration in Asia could be enhanced through policies that lower informational frictions, continue to buttress trade integration and capital market development, remove restrictions to foreign flows and bank penetration, and promote a common regulatory framework.
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a trend increase in production offshoring, investment by large companies, especially those in the transportation sector, is more positively associated with cash flow while responding less to Q ratio. These findings are consistent with the subdued recovery of private investment in recent years despite booming stock markets and the large build up of cash holdings by Japanese corporates.
In 1979, the Chinese government famously introduced The Single Child Policy to control population growth. Nearly 40 years later, the result is an estimated 20 million "missing girls" in the population from 1980-2010. In Lost and Found, John James Kennedy and Yaojiang Shi focus on village-level implementation of the one-child policy and the level of mutual-noncompliance between officials and rural families. Through in-depth interviews with rural parents and local leaders, they reveal that many had strong incentives not to comply with the birth control policy because larger families meant increased labor and income. In this sober exploration of China's Single Child Policy throughout the reform period, the authors more broadly show how governance by grassroots cadres with greater local autonomy has affected China in the past and the challenges for resolving center-versus-locality contradictions in governance that lie ahead.
This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast-growing Asian economies have been unable to replicate the “growth with equity” miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth. The paper argues that policies could have a substantial effect on reversing the trend of rising inequality. It is imperative to address inequality of opportunities, in particular to broaden access to education, health, and financial services. Also fiscal policy could combat rising inequality, including by expanding and broadening the coverage of social spending, improving tax progressivity, and boosting compliance. Further efforts to promote financial inclusion, while maintaining financial stability, can help.
This is the third volume of a series of the new translation of the Chinese classical novel generally known as "The Water Margin." In this volume, the company of outlaws on Mount Liang continues to grow: a butcher, a blacksmith, a public executioner, a petty thief... and the usual generals defecting from the government forces. Lu Zhishen, the Flowery Monk, and his companions from Twin Dragon Peak reappear and finally join the company, uniting two important strands of the story. Some episodes are relatively light: a tiger is stolen, an innkeeper's favorite rooster is illicitly eaten, Iron Ox is lowered to the bottom of a well and nearly gets forgotten. But in general the mood is darker. The naked bodies of a lecherous wife is carved up, an innocent child is mercilessly dispatched to gain a reluctant recruit. Chao Gai, the leader on Mount Liang, is killed in battle. Song Jiang replaces him, but for how long can he control his unruly forces? Despite the attraction of the life on the marshes, with its rootless freedom and rough code of honor, we are not to forget how the story was launched, when 108 Demon Princes were released in a black cloud. This series of new translation by John and Alex Dent-Young is also the first English translation of the 120-chapter version of "The Water Margin.
Water Margin is well-known as one of the four greatest Chinese literary classics*. It tells the stories of a group of heroes, who stand for different classes of people daring to struggle against the corruption and oppression of the times. Altogether there are 105 men and three women among the notable characters in the Liangshan band. These stories take place at the end of the Northern Song period and describe vividly the people??s lives of love and hate, ties of friendship, loyalty and enmity, etc. This book relives the most stirring chapters in the novel which have become the subject of numerous dramas and films, and are the most popular episodes in Chinese fiction. They include Lin Chong killing the unworthy chief of Liangshan Marsh, Wu Song slaying a tiger with his bare fists and avenging injustices, and Song Jiang??s attacks on the Zhu Family Village. With artistic skills and wit, cartoonist Huang Qingrong presents vivid scenes in this drama of valour and brings alive the heroic legend.
Murder, mystery, and courtroom drama -- Chinese style! "Sanxia wuyi" (later revised and called "Qixia wuyi") is a semi-historical narrative of adventure, crime-detection, and courtroom drama. It revolves around the famed Song dynasty magistrate, Bao Zheng (999-1072), who is more commonly known as Magistrate Bao (Bao Gong) and is the quintessential incorruptible government official. This novel, derived from the oral narrative attributed to the Qing storyteller Shi Yukun (fl. 1870s), was first published in 1879, after undergoing a complex and fascinating textual evolution. The non-historical component of narrative, which represents the creative genius of the storyteller and his tradition, revolves around a group of compelling heroes and gallants -- foremost among them are Zhan Zhao, Hero Par Excellence, Jiang Ping, Diplomat Supreme and Unparalleled Underwater Genius, Ai Hu, Youngest of the Tried and True, and the beloved Bai Yutang, Gallant of Incomparable Elegance and Passion.
Deeper intraregional financial integration is prominent on Asian policymakers’ agenda. This paper takes stock of Asia’s progress toward that objective, analyzing recent trends in cross-border portfolio investment and bank claims. Then, it investigates the drivers of financial integration by estimating a gravity model of bilateral financial asset holdings on a large sample of source and destination countries worldwide, focusing in particular on the role of regulation and institutions. The paper concludes that financial integration in Asia could be enhanced through policies that lower informational frictions, continue to buttress trade integration and capital market development, remove restrictions to foreign flows and bank penetration, and promote a common regulatory framework.
Deeper intraregional financial integration is prominent on Asian policymakers' agenda. This paper takes stock of Asia's progress toward that objective, analyzing recent trends in cross-border portfolio investment and bank claims. Then, it investigates the drivers of financial integration by estimating a gravity model of bilateral financial asset holdings on a large sample of source and destination countries worldwide, focusing in particular on the role of regulation and institutions. The paper concludes that financial integration in Asia could be enhanced through policies that lower informatio.
When the Mu Rong family's dead Sixth Miss meets the rebirth of a modern special agent Murong Youyi. others will hit me 10 times more than I will! Reject the prince, fight the little sister, the head of the family! He wanted to tell them that sooner or later, they would have to pay him back!
Water Margin is well-known as one of the four greatest Chinese literary classics. It tells the stories of a group of heroes, who stand for different classes of people daring to struggle against the corruption and oppression of the times. Altogether there are 105 men and three women among the notable characters in the Liangshan band. These stories take place at the end of the Northern Song period and describe vividly the people's lives of love and hate, ties of friendship, loyalty and enmity, etc. This book relives the most stirring chapters in the novel which have become the subject of numerous dramas and films, and are the most popular episodes in Chinese fiction. They include Lin Chong killing the unworthy chief of Liangshan Marsh, Wu Song slaying a tiger with his bare fists and avenging injustices, and Song Jiang's attacks on the Zhu Family Village. With artistic skills and wit, the cartoonist Huang Qingrong presents vivid scenes in this drama of valour and brings alive the heroic legend.
This book is open access and illustrates the spatial distribution of the global change risk of population and economic systems with the maps of environment, global climate change, global population and economic systems, and global change risk. The risks of global change are mapped at 0.25 degree grid unit. The risk results and their contribution rates of the world at national level are unprecedentedly derived and ranked. The book can be a good reference for researchers and students in the field of global climate change and natural disaster risk management, as well as risk managers and enterpriser to understand the global change risk of population and economic systems. .
Thank you for visiting our website. Would you like to provide feedback on how we could improve your experience?
This site does not use any third party cookies with one exception — it uses cookies from Google to deliver its services and to analyze traffic.Learn More.