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(1) The direction and path of China’s economic transformation and upgrade in the future

Wei Liqun

At present, the world economic growth is lack of power, the uncertainty is increasing, and economic globalization has twists and turns, both developed and emerging economies are facing the urgent task of promoting economic transformation and upgrading. China’s promotion of economic transformation has a richer connotation. In the process of transition from a large economy to economic power, efforts should be made in the following six areas including the industrial structure upgrading, new urbanization and agricultural modernization, green production and life style, consumption structural adjustment, changing economic growth mode, improving the opening strategy; at the same time, we must choose a good path and ensure the two aspects of a good grasp of the new development idea and adherence to comprehensive deepening reform.

(2)Integration of urban and rural areas is the largest new momentum

Zheng Xinli

Forming new economic growth momentum by deepening the reform and to achieving sustained and healthy economic development have become the problems to be solved from the current theoretical understanding to policy measures. The reasons why China’s reform and opening up has been able to create economic miracle are continuing to deepen the reform, and promoting the economic structure to undergo three major conversions. At present, we should mainly focus on three things including agricultural modernization, new rural construction, and migrant workers to have citizenship, and promote the integration of urban and rural reform and development. Promoting the integration of urban and rural reform lies in the implementation of the legal property rights of farmers on the land, the establishment of a unified urban and rural construction land market, opening the lake between urban and rural areas of the capital market, providing the public with equal public services for farmers settled in the city. Promoting integration of urban and rural reform needs to clarify four errors in our understanding.

(3)Logical thinking and realistic observation of financial crisis

Huang Zhiling

The traditional economic theory argues that overproduction leads to the block of value circulation, reproduction difficult to continue, leading to economic recession and economic crisis, and then the outbreak of credit default making financial institutions collapse of a large number, resulting in the financial crisis. The economic crisis especially the subprime crisis in 2007 showed the economic bubble boosted by macro-policies burst in the rapid tightening of monetary policy, causing massive credit default and financial crisis and then transferring to the real economy, resulting in economic crisis caused by the economic recession. Based on the post-subprime-crisis global financial markets and Chinese economy, this article carries out the logic analysis of the relationship between financial crisis and economic crisis and discusses the characteristics of China financial market volatility at this stage and the key points needed to pay attention to. Combined with the global economic situation, this paper makes a judgment that the global financial crisis might happen again at a very low probability in the short term.

(4)Development experience for reference of Germany nursing service industry

Song Qun, Jiao Xueli

The international cooperation center of National Development and Reform Commission and the German international cooperation agency signed a cooperation agreement on the Sino German Pension nursing training project, choosing three pilot cities: Chengde, Zigong and Guiyang city. The project plans to implement the four phases of training activities, targeting at senior managers and middle managers of pilot city nursing homes, hospitals, teachers and students of health care institutions, and workers and hospital nurses of nursing home care. Two trainings were completed in 2015. Through training and research we found that, because the nursing system in our country is not complete, and system construction and policy guidance are lagging behind, the healthy development of the nursing service industry are seriously affected. We should learn the experience from Germany, and carry out top-level design to promote the rapid development of China’s medical support combined nursing services.

(5)The evolution and crisis of the Wall Street system and Its Enlightenment to the internationalization of RMB

Chen Jinming, Ren Zaiping, Li Guoju

On the basis of combing the domestic and foreign scholars’ research on the dollar-Wall Street system. This paper discusses in detail the establishment, evolution and its crisis of the dollar-Wall Street system, and summarizes the measures taken by the United States to support the dollar-Wall Street system. According to the American containment policy on the euro, and the internationalization of RMB and other emerging currency, by creating a bubble index and analyzing the early warning value, this paper reveals the essence and origin of the operation of the system generated by the crisis, and the reference value for the internationalization of the RMB and some warning and reference for Chinese FTA financial reform.

(6)The international status of China’s service industry: a dynamic perspective

Li Yongjian

Based on international comparison of the total volue of service industry, the per capita service industry development, the opening-up of service industry, and long-term growth situation of vice industry, this paper analyses China’s service industry’s international status and future trend of growth. Research shows that, although China’s service industry is growing rapidly, the total amount ranks the second highest in the world, there is still a big gap from the average level of the world and the level of developed countries in the percentage of service sector over GDP, per capita service industry development, and service industry’s external growth.

(7)New international tax order and China’s Countermeasures under the strategy of BEPS

Zhen Zhen

In the context of economic globalization, the tax base erosion and profit transfer (BEPS) has become one of the hottest tax topics in the world. After systematically reviewing the background of international taxation order and BEPS based strategy and combing the practice on BEPS of major countries and regions, this paper discusses how China can adapt to the “BEPS action plan”, and strive to achieve the modernization of international tax. This paper puts forward of promoting China’s international tax discourse in order to establish a new international order of fair and reasonable tax, strengthen the construction of tax sovereignty countries to prevent tax loss and maintain cross-border tax balance, promote the multipolarization of the world to form profit the new situation of profit-sharing and international tax base of healthy competition, more actively participate in the BEPS strategy to promote the new pattern of international tax China that conforms to the fundamental interests the state and is consistent with the international development trend.

(8) The influence of African countries’ investment policies and environment on Chinese Enterprises

Cheng Zhigang , Li Rui

At present, China manufacturing industry has stepped into the middle or middle-late level, and industrial development in Africa is in the bud, Chinese industrial manufacturing industry can take the opportunity to take root in Africa. Africa has the potential for industrial development, but China enterprises in Africa highly depends on the policy, resources and environment, having higher enterprise operation cost, the shortage of skilled workers, and low competitiveness of products. African countries provide a series of preferential policies for China enterprises, such as land, taxation, employment and other aspects of preferential treatment, accelerating the pace of investment of Chinese enterprises in africa.

(9) Research and Discussion on how to financially support “going out” enterprises in China

Zhu Jie, Ren Chaofeng

Through the analysis of the “go out” situation of China’s equipment manufacturing and engineering contracting enterprises, and examining the existing problems of financial support system, this paper proposes to support enterprises to “going out” by government support, financial support, and insurance. The government should further improve the relevant laws and regulations, increase policy support, for example by signing bilateral and multilateral agreements on investment protection to protect the interests of China’s “going out” enterprises; at financial aspects should accelerate the internationalization process of the banking industry and create more financing products, shorten the financing chain, reduce the cost of corporate financing, broaden the financing channels for enterprises; at insurance aspect, should improve the insurance market system, broaden the source for insurance funds, accelerate the development of the reinsurance market and insurance intermediary institutions; at enterprise aspect, should adhere to the international project to give priority to the development of multiple channels to raise funds for construction, pay attention to the enterprise core ability construction, implement localization strategy, and prevent all possible risks.

(10)Constructing recycling cities, and promoting the development of new urbanization

Yang Liang,Chen Boping

China’s urban and urbanization development is facing severe environmental pressures, the transformation and development is imperative. The exploration of the international community indicates that the sustainable development of the city is not only to reduce the damage to the ecological environment, but also to promote the healthy development of the ecological environment. The concept of circular city goes beyond the traditional mode of sustainable development, covering a wide range of institutional, financial, economic and technological innovation for comfortable. healthy and participatory and service cities. It also means that it is necessary to enhance the city’s energy and resource self-sufficiency rate, improve the city’s ecological environment and climate adaptation capacity. Circular city also reflects China’s “new normal” mode of social economic development, and is the strategy for the development beneficial to environmental protection of people-oriented, middle-speed of development, encouraging innovation, expanding domestic demand. The construction of circular city requires decision-makers to have long-term vision, strong political determination and effective leadership, and encourage cooperation of all stakeholders, make full use of public participation, promote the reasonable planning and development, and accelerate the entir transformation process.

Editor：Huang Yongfu