e-Business in China: History, Trend, and Key Issues

Dong Li

Professor, Department of Information Systems and Logistics Management,

Guanghua School of Management, Peking University

lidong@gsm.pku.edu.cn

摘要

大陸的企業訊息化起始於上世紀80年代，由政府部門主導開始推進企業訊息化，少數大型國有企業成為企業訊息化的開拓者。到90年代，隨著大陸經濟發展模式的改變，從傳統的計畫經濟轉向市場經濟，企業逐漸從訊息化的被動接受者轉變為主動推進者，大多數企業在迎接市場經濟挑戰的過程中完成了訊息化企業的蛻變。

進入到21世紀後，隨著資訊技術的發展和普及，企業訊息化開始向縱深發展。大部分企業面臨著訊息化基礎設施的更新換代、數據和訊息的集成和整合、以及進一步提升IT服務水準等課題。目前，進一步發揮資訊技術的領導力作用，提升訊息服務的水準、完成資訊系統的集成化、從業務型系統向戰略型、訊息型系統的轉變等成為企業所關注的新目標。

Digitalization Situation and Its Trend in Domain of Social Life in Mainland China

Mao-Sheng Lai

Professor, Department of Information Management, Peking University

laims@pku.edu.cn; laimspku@163.com

Abstract

According the data provided by the CNNIC and other authorities, this paper introduces the IT applications in the domain of social life in mainland China recent years. First it briefly outlines the general situation of digitalization in mainland China. Although the general development index of digitalization in mainland China is relatively low in the world, its annual average rate of growth is rapid. From 1996 to 2004, the rate of development index of digitalization in average is the fifth in the world, which is 3.1 times the speed of the worldwide one, 13.58%. The development level of digitalization does not balance in terms of Chinese areas. The digital divide exists between different areas in mainland China. Secondly, some cities including Beijing, Shanghai and Guangzhou are sampled in order to analyze the digitalization levels and characters of urban inhabitants’ lives. The results are discussed. The digitalization condition of rural areas in mainland China is investigated. The urban-rural gaps in perspective of digitalization are also discussed. Finally, this paper discusses the actual demands and trends of digitalization and its influences on the economic and social development in mainland China.

Keywords  China  Mainland  Digitalization  Domain of social life

Strategy’s of Taiwan under East Asian Regional Integration

Hsiao-Lin Wang

Doctoral student, Department of Public Administration, National Chengchi University,

Section Chief, Central Election Commission, Executive Yuan

93256502@nccu.edu.tw

Abstract 

East Asia is one of the most active areas in global economic growth in recent years. It also receives much attention as it moves toward regional integration. The integration will form an economy which is about half of global population and more than one fifth of global GDP. As regionalism has two kinds of opposition characteristics: “free trade spirit” (to member) and “protectionism” (to non- member), therefore it shows opportunities and threats simultaneously. To sum up, the reasons of Taiwan being excluded from East Asian regional integration by ASEAN, could be attributed to “China factor” and “Taiwan factor”. To overcome these, any solutions should include China-Taiwan relations and we further suggest four solutions: First, reconstructs compete; tiveness of Taiwan; Second, face rise of China; Third, facilitate of sign FTA with USA; Fourth, earth of experiences from South Korea, and Ireland, and try to implement necessary changes.

Keywords: Regional integration, ASEAN, Free Trade Agreement (FTA), Rise of China

The Impact of Renminbi Appreciation on the Taiwanese Businesses’ operations and Taiwan Economy

Su-Ling Peng  Hui-Mei Tsai

^*中華經濟研究院經濟展望中心

國立政治大學國際經營與貿易學系所

slpeng@cier.edu.tw

**中華經濟研究院大陸研究所

huimei@cier.edu.tw

摘要

中國大陸人民銀行於2005年7月下旬起實施浮動匯率制，此舉對台商全球佈局以及台灣經濟帶來相當衝擊，相關結果須視台商投資區域，人民幣升值幅度，以及台幣與其他貨幣的相對變化而定。若以產業關聯模擬分析人民幣變動情境，結果顯示若人民幣升值幅度加大，台幣相較其他貨幣有較大反應幅度，對台灣的經濟將有較大衝擊。

關鍵詞：台商、全球佈局、人民幣、問卷調查、投入產出。

Dynamic Relatedness Analysis of Two Stock Market Returns’ Volatility：

An Evidence Study of the Shenzhen and the Hong Kong’s Stock Markets

Wann-Jyi Horng *  Yu-Pei Liao **  Wang Ya-Yu***

           *Associate Professor, Department of Finance, Ling Tung University

**Graduate School of Finance, Ling Tung University

***Graduate School of Finance, Ling Tung University 

Abstract

This paper studies the association and the model construction of the Shenzhen and the Hong Kong stock markets. The data period is from January 4, 1999 to December 30, 2005. The empirical analyses indicate that there is a weaker association between the Shenzhen and the Hong Kong stock markets. We use a bivariate GARCH (1, 2) model with a dynamic conditional correlation (DCC) to evaluate the association and find that there exists an asymmetrical effect for the two stock markets. The result of the empirical analyses also shows that the Hong Kong stock market returns positively affect the Shenzhen stock market returns. And the volatility of the Hong Kong and the Shenzhen stock market returns interact with one another. The average of DCC coefficient of two stock market returns equals to=0.1315, and the coefficient ofis significant under the 1% significance level. Besides, the Hong Kong stock market has an asymmetrical effect, but Shenzhen stock market has not asymmetrical effect during the research sample period. The explanatory ability of the bivariate GARCH(1, 2) model with a DCC is better than the model of the bivariate GARCH model with a constant conditional correlation. This result is consistent to the paper of Engle (2002).

Keywords：Stock market returns, Hong Kong Hang Seng index, Shenzhen synthesis index, bivariate GARCH model, dynamic conditional correlation.