The book aims at perfecting the national governance system and improving national governance ability. It evaluates the balance sheets of the state and residents, non-financial corporations, financial institutions and the central bank, the central government, local government and external sectors...

Building on the investment-based asset pricing framework, we show that firms’ ability to timely scale down their operations reduces the sensitivity of their equity value to large adverse productivity shocks. Using U.S. data in the times of the COVID-19 pandemic, we provide empirical evidence...

Recently, various environmental problems have been generated with the rapid economic development in China. That's because China currently over-emphasized economic development beyond environmental issues; therefore, now it is important to enforce optimal environmental policies in order to achieve...

Corona Virus Disease 2019 (COVID-19) can cause the patients' condition to become serious at some check-point, and thus patients need the intensive care unit (ICU) intervention to survive. The resulted urgent and extensive needs of ICUs posed significant risks to the management of the medical...

This book provides a historical overview of Chinese economic reform over the past 30 years. From the genesis of the reform to the gradual improvement of the market system, and then to the re-start of the critical stage of the reform, this book includes not only research on the reform process,...