Abstract: This study investigates the impact of local government debt on managerial incentives. The results show a significant negative relationship between local government debt and managerial incentives. The effect is more pronounced for equity-based incentives in non-state-owned enterprises and for salary-based incentives in state-owned enterprises. Furthermore, we address potential endogeneity concerns by employing an instrumental variable (IV) approach. Our findings underscore the need for adaptive compensation strategies to mitigate the risks associated with fiscal pressures. Read More

Abstract: With the advent of the digital era, emerging digital marketing technologies have had a profound impact on consumer behaviour. This thesis explores the definition and classification of digital marketing technologies, analyses their specific impact on consumer behaviour, and delves into the relationship between technological adaptation and changes in consumer behaviour. The thesis provides an overview of how emerging technologies such as personalised marketing, social media marketing, augmented reality (AR) and virtual reality (VR) technologies, as well as voice assistants and smart home devices, are changing the way consumers make shopping decisions and interact with brands. The paper explores how these technologies are influencing consumers' purchasing decisions by improving perceived convenience, enhancing user engagement and providing personalised experiences. At the same time, the paper discusses the challenges of data privacy protection, legal and regulatory compliance, and ethics, and looks at the future direction of technology development, emphasising the importance of striking a balance between innovation and privacy protection. By systematically analysing these issues, the paper provides valuable insights and recommendations for companies when formulating their digital marketing strategies, in order to drive sustainable market development and consumer experience. Read More

Abstract: Some time ago, among the listed companies of cultural media, Sanqi Mutual Entertainment, Kunlun Wanwei, Phoenix Media, century huatong, Light Media, WANDA CINEMAS and other companies released their 2022 annual reports one after another. This paper will summarize and interpret the financial results of these six cultural media companies, and discuss the development situation of cultural media industry in 2022 "the first year of AIGC". Read More

Abstract: Currently, the global economy is confronted with an unstable situation, and due to gold's characteristics as a risk hedge, the gold market has once again garnered significant attention. Many investors are shifting their focus towards gold, particularly in China where it has sparked a gold rush. This study aims to evaluate the relationship between Chinese gold prices, net funding amount, securities amount, money supply, policy interest rates, and exchange rates. By examining the connection between gold and monetary policy, this paper explores the actual role of gold in China's economic landscape. Monthly data from January 2008 to December 2023 were utilized for VAR model analysis. These indicators' channels are interconnected and theoretically impact the country's monetary policy. The conclusion suggests that lowering monetary policy rates in response to easing measures can potentially stimulate inflation and consequently influence upward pressure on the price of gold. Additionally, securities amount negatively affects the price of gold as increasing it serves as China's strategy for curbing inflationary pressures which prevents driving up the price of gold through inflation alone. Other monetary policy indicators also indirectly or directly relate to changes in inflation with potential implications for fluctuations in gold prices. Through these conclusions drawn from our analysis, this research contributes twofold: firstly, by analyzing how changes in monetary policy affect China using its example; and secondly by establishing links between monetary policy decisions and their impact on variations in gold prices. These findings hold relevance for policymakers within central banks or financial institutions alike as well as academia and industry professionals involved with precious metals. Read More

Abstract: The global coffee industry is a product of socio-economic factors and colonial aspirations that have shaped it over centuries. Historically, coffee cultivation originated from plantations established by European colonial governments primarily in Africa and Latin America, often exploiting local labor to minimize costs and maximize profits. This legacy of exploitation has persisted, contributing to systemic inequities and power dynamics within coffee-producing countries. This paper aims to explore prevailing post-colonial ideologies and exploitative practices in the coffee industry and compares success stories from regions that have improved farmer welfare and labor conditions. A multi-case study approach is employed to contrast regions with high levels of labor exploitation in coffee plantations with those exhibiting more equitable labor practices. Findings reveal that coffee farmers in areas such as Latin America and Africa often face poverty, low wages, and harsh working conditions, while models like that in Yunnan, China, demonstrate significant improvements in farmers' lives through government support, fair trade practices, and cooperative production. The paper discusses the underlying causes of these disparities and proposes strategies for reforming the global coffee industry, including government intervention, establishing cooperatives, and implementing fair trade certifications. Read More

Abstract: Financial flexibility means that enterprises can offset their business risks through scientific fund management when facing the impact of uncertain risks. In recent years, due to the uncertainty of the external macro environment, international trade conflicts and corporate financing constraints, it is more difficult for enterprises to obtain resources from the outside, which puts higher requirements on the daily financial management of enterprises. More and more enterprises realize that cash flow plays an important role in mitigating risks and maintaining operation, which requires active financial flexible management. By combing the relevant literature at home and abroad, this paper systematically analyzes the concept and composition of the flexible financial management of enterprises, describes the existing problems in the flexible management of innovative enterprises, and puts forward the corresponding solutions. Read More

Abstract: Film derivatives, which is, products developed by using film elements and film culture. The box office revenue of American movies only accounts for less than 30% of the whole industry, and the remaining 70% are derivative industries. In China, the market development of film derivatives is still in its infancy and has great potential. By comparing and analyzing the present situation of film derivatives industry in China and the United States, this paper finds some problems existing in China's derivatives industry by using data analysis and specific case analysis, and thus puts forward some development strategies of domestic film derivatives market. Read More

Abstract: In recent years, under the influence of the background of globalization, the digitalization of manufacturing industry has become an engine to promote the domestic economic cycle. With the rapid development of information technology, digitalization technology is profoundly changing the production mode, management mode and market pattern of the manufacturing industry. According to the International Data Corporation (IDC) report, by 2027, the global investment in manufacturing digitization is expected to be close to four trillion U.S. dollars, and digitization will become an important driver for the transformation and upgrading of the manufacturing industry. In China, the manufacturing industry, as a pillar industry of the national economy, its digital transformation is of great significance to enhance competitiveness and promote high-quality economic development. On the one hand, digital technology improves the production efficiency of the manufacturing industry and also reduces production costs, enabling enterprises to better meet market demand and enhance market competitiveness. On the other hand, digital technology also accelerates product innovation and market response speed, enabling enterprises to launch new products faster and seize market opportunities. In addition, digital technology also helps to promote industrial chain synergy and integration, driving the development of related industries. This paper firstly explains the background and significance of the digitalization of the manufacturing industry, then discusses the direct and indirect impact of the digitalization of the manufacturing industry on the domestic economic cycle, and then analyzes the challenges and countermeasures faced by the digitalization of the manufacturing industry, so as to provide policymakers and business decision-makers with a scientific and reliable basis for decision-making. It is hoped that it can contribute to promoting the development of the digitalization of China's … Read More

Abstract: With the rapid development of the automobile industry, autonomous driving technology has become an important research and development direction for major automobile manufacturers. As a leader in electric vehicles and autonomous driving technology, Tesla's development of autonomous driving technology has had a significant impact on the company's performance. This article explores the strategic significance and competitive advantages of autonomous driving technology to Tesla by analyzing the development history of Tesla's autonomous driving technology, its technical characteristics and its impact on the company's performance. Read More

Abstract: NVIDIA, as the world's leading supplier of graphics processing units (GPUs) and artificial intelligence (AI) computing hardware, has achieved rapid development and expansion in recent years. This paper studies the evolution of NVIDIA's development strategy and the factors for its success by analyzing NVIDIA's development history, industry environment and competitive landscape. At the same time, this paper also explores the challenges faced by NVIDIA and the direction of its future development. Read More

Abstract: Actively meeting the expectations of leaders to be “in touch” and “responsive” during off-hours is a new type of workplace survival rule for employees in the era of the digital economy. The study explores the “double-edged sword” effect of leaders’ after-hours electronic communication expectations (AECE) on subordinates’ knowledge management behaviors and the boundary conditions based on affective event theory from the view of emotions. This exploration utilizes both an experimental study and a multi-time point field study. The results indicate that for employees with a high level of perspective-taking competence, AECE stimulates deep acting, consequently enhancing employees’ knowledge-sharing behaviors. Conversely, for employee with low perspective-taking competence, AECE triggers surface acting, leading to an increase in knowledge-hiding behaviors. The findings provide a more comprehensive explanation of the differential impact of AECE on subordinates’ knowledge management behaviors, which enriches the existing literature on AECE, extends the application of affective event theory in the context of enterprises’ digital transformation, and provides insights for organizations to effectively implement and manage AECE in the evolving landscape of workplace dynamics, often referred to as the “new normal”. Read More

Abstract: The “dual-credit” policy is a key strategy implemented by the state to promote green mobility, aiming to encourage automakers to make progress in fuel efficiency and new energy technologies through quantitative management of corporate average fuel consumption points and new energy vehicle points. In this paper, we take Chinese listed automobile enterprises as the experimental group, and match the control group from non-automobile enterprises by propensity score matching method, and use double-difference model to test the incentive effect of the dual-credit policy on the improvement of green innovation level of automobile enterprises. The study finds that the “dual-credit” policy significantly improves the green innovation level of automobile enterprises; the internationalization depth and internationalization breadth of enterprises negatively and positively regulate the incentive effect of the “dual-credit” policy on the improvement of the green innovation level of automobile enterprises, respectively; and the analysis of heterogeneity shows that the “dual-credit” policy has a significant impact on the improvement of the green innovation level of automobile enterprises. “Heterogeneity analysis shows that the dual-credit policy has a more significant positive effect on SOEs than on non-SOEs. Based on the empirical analysis of the policy, targeted suggestions for policy improvement are made. Read More

Abstract: Agricultural trade between China and ASEAN is an important part of bilateral trade and plays an important role in promoting agricultural development and advancing rural revitalization. The trade ties between China and RCEP member states, especially with ASEAN countries, have increased with the implementation of the RCEP. Although the development of agricultural trade between China and ASEAN has already reached a considerable scale. As an important partner of China in agricultural trade, studying the impact of the RCEP agreement on China's agricultural trade with ASEAN has practical significance in strengthening agricultural trade cooperation between China and ASEAN countries and fully utilizing the policy benefits of the RCEP agreement to release the potential of agricultural trade. Read More

Abstract: In recent years, in order to alleviate the pressure of population aging, China has actively promoted the policy of encouraging childbirth, but China is still in a period of low fertility. In this context, this paper uses the data of the 2020 China Family Longitudinal Survey (CFPS) to explore the impact of children's social care on women's fertility intention. The results show that participation in social care does not increase women's fertility intentions, but further discourages women from having children, and this situation affects women living in rural areas more obviously. Accordingly, it is particularly important to strengthen the construction of the social care system for children, reduce the pressure on women's families, and enable women of childbearing age to release more reproductive potential. Read More

Abstract: Cyber insurance is a nascent form of insurance in the digital economy. Its potential for growth and integration within industrial ecosystems in China has garnered increasing interest from academic circles in recent years. China stands to benefit from the promising prospects of cyber insurance, bolstered by national policy support and a dual focus on stimulating both supply and demand. The operational mechanism for establishing uniform norms remains imperfect, and there is a need to clarify the legal attributes of cyber insurance, its operational mechanism, and the types of insurance, as well as to address the unique challenges and issues of cyber insurance from the perspective of the insured to the insured. This paper analyses the characteristics and deficiencies of the primary development stage of China's existing cyber insurance industry based on existing research at home and abroad. It also puts forward suggestions for the improvement of China's cyber insurance industry from the perspective of the internal participant in the cyber insurance industry. Read More

Abstract: This paper aims to conduct an in-depth analysis of the competitiveness of China-Thailand tourism service trade and explore the potential impact of visa exemption policies on the tourism service trade between the two countries. Through quantitative analysis methods, including Revealed Comparative Advantage (RCA), Trade Competitiveness Index (TC), and International Market Share (IMS), the study finds that Thailand has a significant international competitive advantage in the field of tourism service trade, while China is relatively at a competitive disadvantage. The paper further discusses the opportunities and challenges brought by visa exemption policies, pointing out issues such as self-media information dissemination, market openness, environmental sustainability, and service quality, and puts forward corresponding countermeasures and suggestions. Finally, the paper proposes future research directions, emphasizing the necessity of optimizing tourism service trade strategies in the context of globalization. Read More

Abstract: This study aims to explore the strategic choices and evolutionary patterns of consumers, enterprises, and governments at different stages of the market development for NEVs (NEVs) by constructing an evolutionary game model involving these three key players. The goal is to provide a theoretical basis and policy recommendations for the healthy development of the NEV market. To address these issues, this research constructs a tripartite evolutionary game model to analyze the behavioral strategies and evolutionary patterns of governments, enterprises, and consumers in the NEV market. Firstly, it is assumed that there is information asymmetry among the three participants in the NEV market, and that all are bounded rationality groups. The participants' strategic choices will gradually evolve toward the optimal strategy. Based on this, a game model of the three participants—enterprises, consumers, and governments—was constructed, and different market environments were set to simulate the utility and dynamic changes of each participant under different strategies. The results show that in the initial stage, strong government incentive policies can effectively promote the initial development of the market, despite the low acceptance of NEVs by enterprises and consumers. In the development stage, with continuous policy support and the gradual maturation of the market environment, enterprises begin to shift towards NEV production, although consumer acceptance of NEVs still needs improvement. In the mature stage, with the maturity of product technology and the improvement of the market ecosystem, the behaviors of consumers and enterprises become stable, and the NEV market gradually enters a period of steady growth. Through this research, we hope to reveal the mechanism of government policy on market development, identify the optimal incentive measures, improve enterprises' technological innovation capabilities, and enhance consumers' purchase confidence, thereby jointly … Read More

Abstract: As a scarce land resource, cultivated land is the foundation for human survival, and the core element of regional food security and sustainable development. The protection of cultivated land is the basis for the survival and development of the country. The research on multifunctional utilization of cultivated land is of great significance to improve the comprehensive utilization efficiency of cultivated land and promote the sustainable use of cultivated land. We used the literature research method and the summary and induction method to review the research on the multifunctional use of cultivated land. The results show that (1) There are three main types of classification systems for cultivated land multifunctional use, ecological classification system, demand classification system, comprehensive supply and demand classification system; (2) The evaluation indexes of multifunctional cultivated land use were mainly selected from production, life and ecological function. The entropy method, fuzzy analytic hierarchy process (FAHP) and other methods were used to determine the weight of the evaluation index. (3) The value accounting of cultivated land resources is mainly calculated from economic value, social value and ecological value. (4) The management of multifunctional cultivated land is based on the characteristics of cultivated land joint production and cultivated land multi-functionality, and internalizes the externalities through institutional design to guide the rational competition of cultivated land functional utilization. Read More

Abstract: This paper employs panel data from 21 cities in Guangdong Province from 2017 to 2022 to examine the relationship between compulsory education investment and economic growth. The empirical results revealed a significant positive correlation between investment in compulsory education and the level of economic development. Additionally, there is a more apparent regional imbalance in compulsory education investment in Guangdong Province. In light of the empirical findings, this paper proposes that to more effectively promote the coordinated development of the regional economy and society, the Pearl River Delta region can serve as a source of radiation, facilitating industrial co-construction with other regions to stimulate economic growth. Furthermore, priority should be given to economically underdeveloped regions in terms of funding support for the compulsory education stage and the deployment of talent. Additionally, economic support and talent deployment will be provided to less developed regions. Read More

Abstract: Serving as a pivotal avenue for fostering seamless integration between the digital economy and the real economy, enterprise digital transformation assumes a pivotal role in shaping a novel development paradigm and advancing the economy towards high-quality growth and as an important part of China's stock market, it is vital to develop the power of institutional investors and guide them to make rational decisions. Considering the characteristics of enterprise digital transformation comprehensively, using the method of financial report mining to measure enterprise digital transformation, and taking A-share listed companies from 2008 to 2021 as sample data, the impact of enterprise digital transformation on the investment behavior of institutional investors is examined by using a multi-temporal DID model. It is found that corporate digital transformation can increase the shareholding ratio of institutional investors. Read More

Abstract: In the digital age, influencer marketing has become one of the key strategies for branding. This essay explores the effectiveness of influencer marketing and its application in different market environments. Through a literature review and case studies, we find that influencer marketing has significant advantages in increasing brand awareness, driving sales and enhancing consumer loyalty. However, its effectiveness depends on a number of factors, including the credibility of the influencer, the engagement of fans, and the fit between the brand and the influencer. Despite the many potential benefits of influencer marketing, brands need to carefully select the right influencers and develop a clear strategy to maximize their ROI. This article summarizes current trends and future research directions in influencer marketing to help companies make better use of this marketing tool. Read More

Abstract: Central Bank Digital Currency (CBDC), as a new form of legal tender, has attracted widespread attention worldwide. From the theoretical and empirical perspectives, this paper systematically analyzes the potential of CBDC in different application scenarios, its implementation effects and the challenges it faces, and puts forward corresponding suggestions. It is found that CBDC has a wide range of application prospects in the fields of cross-border payment, real-time payment, offline payment, securities settlement, etc., but it also faces challenges in technical implementation, legal regulation, privacy protection and financial stability. Read More

Abstract: In order to explore the promotion effect of shorting mechanism on the internal control of listed companies, this paper takes Muddy Waters' shorting of Huishan Dairy as an entry point to explore the internal control deficiencies faced by Huishan Dairy in the event. The analysis shows that the enterprise has problems such as fragile control environment, imperfect risk assessment system, poor implementation of control activities and lack of internal supervision. In response to these problems, this paper puts forward a series of optimization strategies and recommendations, aiming to provide valuable reference and reference for enterprises in the same industry to strengthen the construction of internal control, and help enterprises to build a more solid management cornerstone. Read More

Abstract: As a socialist country with a dominant public ownership system, the core status of public ownership is significantly reflected in the State's control and guidance over the key sectors of the national economy. As the representative of all citizens in the country, the State is the sole owner of state-owned assets. Therefore, effective management of state-owned assets is an objective necessity to promote the development of the national economy and a necessary requirement to maintain the basic economic system of the country. The core task of the audit agency is to ensure the transparency, compliance, and maximum efficiency of fiscal and financial spending, thereby implementing comprehensive and effective supervision. In this process, auditing the state-owned assets of administrative and public institutions is an indispensable part. This paper analyzes the weak links and causes of the management of state-owned assets in municipal administrative and public institutions in Yibin City based on the special audit process of municipal state-owned assets. Using resource value theory and property rights theory, the study finds that the management of state-owned assets in municipal administrative and public institutions is characterized by weak foundation management, unregulated lease management, inadequate use management, and low efficiency in project property rights processing. In order to enhance the management efficiency of state-owned assets by administrative and public institutions, each unit should: 1. Strengthen the professionalism and capabilities of managers; 2. Establish a sound system of state-owned asset management; 3. Optimize the allocation of state-owned asset management; 4. Clarify the scope of state-owned asset management; and 5. Improve the information management of state-owned assets. Read More

Abstract: As the most liquid asset of an enterprise, working capital runs through the daily production and operation of the enterprise's various capital flows, and sufficient working capital is an indispensable condition for the enterprise to carry out production and operation activities. The traditional working capital management performance is to analyse each "factor", only focusing on inventory, accounts receivable and other single items for consideration, but ignoring the overall relevance and coordination of working capital. The enterprise's working capital is divided into different channels for analysis, can be the enterprise procurement, production and sales as a value chain, for each channel of working capital input and recovery efficiency analysis, so that the working capital management more to meet the value of the enterprise's pursuit of the goal. Read More

Abstract: This paper utilizes data from the China Migrant Dynamic Survey (CMDS) to empirically analyze the relationship between the income level of migrants in their destination cities and their attention to changes in their place of residence. The regression results of the logit model indicate that an increase in income level significantly enhances individuals' attention to changes in their place of residence. This paper also employs robustness checks and heterogeneity analysis, and the conclusions are consistent with the baseline regression results, supporting the hypothesis that income level has a positive impact on attention to place of residence. The paper also uses entropy balancing matching methods to address potential endogeneity issues that may affect the robustness of the conclusions, reducing the impact of sample selection bias, two-way causality, and omitted variables, thereby enhancing the robustness of the analysis results and the accuracy of causal inference. Heterogeneity analysis results show that the impact of income on different groups is significantly different. Particularly, high-income males, individuals with low education levels, and those with agricultural household registrations are more sensitive to changes in their place of residence, indicating that these groups have higher adaptation needs and attention when facing urban changes. Read More

Abstract: At present, with the rapid development of the digital economy, the issue of the income gap between urban and rural areas has drawn much attention. Based on the panel data of 41 cities in the Yangtze River Delta region from 2011 to 2022, this paper conducts a benchmark regression and finds that the development of the digital economy has a "U-shaped" impact on the income gap between urban and rural residents. Subsequently, by establishing a spatial econometric model, it is discovered that there exists a significant inverted "U-shaped" spatial spillover effect of the digital economy on the income gap between urban and rural residents. Therefore, full consideration should be given to regional differences, the process of new urbanization should be continuously promoted, the integrated development of urban and rural areas and the coordinated development of regions should be vigorously advanced to realize the integration of the Yangtze River Delta, thereby creating more favorable conditions and opportunities for narrowing the income gap between urban and rural areas. Read More

Abstract: This paper takes the Shunde Overseas Chinese Town Happy Coast Park as an example, using literature research and online text analysis methods to process and analyze 1459 online comments. The research results show that the attractiveness of Shunde Overseas Chinese Town Happy Coast Park lies in its unique cultural atmosphere and amusement facilities, while its disadvantages are the overcrowding during holidays, prolonged playtime, and high package ticket prices. These findings provide a reference for other amusement-type theme parks in strengthening their unique cultural atmosphere and package ticket sales model. Read More

Abstract: In order to reveal the inherent mechanism of the role of the digital economy in urban green total factor productivity, and provide policy recommendations for achieving the development of the digital economy and urban green development. This article is based on panel data from 274 prefecture level and above cities in China from 2011 to 2020, and empirically analyzes the possible impact and mechanism of the digital economy on urban green total factor productivity. The research results indicate that: (1) the development of the digital economy can promote the improvement of urban green total factor productivity, and for non resource-based cities, high administrative level cities, and southern cities, the role of digital economy in empowering urban green total factor productivity is more significant; (2) The mechanism test shows that the development of digital economy can enhance the level of green innovation, achieve industrial structure upgrading, and thereby improve urban green total factor productivity. In addition, the impact of the digital economy on urban green total factor productivity is constrained by the threshold effect of industrial structure upgrading. Read More

Abstract: This article concentrates on the field of financial investment service technology and presents an intelligent enterprise financial risk control system based on the Milvus vector database with big data and machine learning. It employs algorithms such as random forest, Euclidean distance, and cosine similarity. Through a series of operations including meticulously designing the risk assessment system and developing the risk prediction system, it is committed to accurately analyzing and predicting risk situations such as cancellation or revocation that enterprises may face. This provides strong support for enterprise risk management and control, helps enterprises achieve sustainable development in the complex and changeable market environment, enhances enterprise stability and competitiveness, and strengthens the enterprise's ability to deal with risks, enabling them to make more effective strategic decisions and ensure long-term stability. Read More

Abstract: The development of digital inclusive finance is of great significance in easing financial exclusion in China's rural areas and promoting rural revitalization, while an important means of rural revitalization is rural industrial integration. Studying the relationship between digital inclusive finance and rural industrial integration is of great significance in accelerating the construction of agricultural and rural modernization. This paper utilizes the panel data of 30 provinces in China from 2012 to 2022,adopts the entropy value method to calculate the degree of rural industrial integration, and establishes the two-way fixed effect model, the moderating effect model, and the panel threshold model to explore the impact of digital inclusive finance on rural industrial integration and the mechanism of the role of the digital financial inclusion, and the results show that:(1)digital inclusive finance promotes the development of rural industrial integration.(2)The improvement of rural transaction efficiency, the degree of traditional financial competition and agricultural labor productivity enhances the promotion of digital inclusive finance on rural industrial integration. Then corresponding policy advice is given based on the conclusions. Read More

Abstract: In the context of economic globalization and regional integration, industrial integration has become a key strategy for promoting high-quality economic development. Foshan City, as an important city in Guangdong Province, has the potential to develop the "sports + tourism" industry integration with its rich sports and tourism resources. This study aims to explore how this integration can contribute to the high-quality development of Foshan's economy, analyze its impact on economic growth, structural optimization, innovation drive and regional coordinated development, and propose corresponding policy recommendations. Through literature review, case study analysis and theoretical framework construction, this study examines the status quo, challenges and opportunities of the integration of the "sports + tourism" industry in Foshan City. The results show that industrial integration has played a positive role in promoting economic growth and structural optimization, but it also faces challenges such as insufficient vitality of market players and limited brand influence. In this regard, this study puts forward countermeasure suggestions such as optimizing the policy environment, innovating the industrial integration model, cultivating market players, strengthening branding and marketing strategies, and establishing risk management and response mechanisms. These recommendations aim to promote the in-depth integration of the "sports + tourism" industry in Foshan City and provide a new impetus for the high-quality development of the economy. Read More

Abstract: This article provides an in-depth analysis of the development of the new energy vehicle industry, particularly the competitive position of BYD and Tesla (China) in the global new energy vehicle market. The article begins by introducing the rapid development of the new energy vehicle industry, followed by an examination of the financial performance and risk management strategies of BYD and Tesla, as well as their strategies and recommendations for addressing industry challenges. Through comparative analysis, the article aims to reveal the trends in the new energy vehicle industry and the financial strategies that companies should adopt to achieve long-term stable growth. Read More

Abstract: The women's economy has become a rapidly growing segment of the Chinese economy in recent years. The growth of the "she-economy" is a reflection of the development of feminist thinking. In recent years, the topics of "acoustic family, workplace relationship, family structure, mental health, male-female relationship" have been emerging, and modern women are pursuing a deeper exploration of their inner self, and by deconstructing their relationship with the society, they are gradually focusing on their own remodeling. With economic independence, women's more emotional spiritual world needs to be filled with more media. Photography has become a major part of women's consumption in recent years, and the commercialization of photography has become a unique way for women to express themselves. The huge market potential prompts the development of commercial photography needs more diversified integration, combining women's psychological healing with commercial photography to form a unique artistic expression and marketing strategy. It is the focus of this paper to explore commercial photography and new media development in a more innovative way, focusing on women's perspectives and serving the public with more practicality. Read More

Abstract: This study in Anhui province from 2003-2022, a total of 20 years of regional innovation and economic development of high quality data, through the regional innovation driven ability of measurement, high quality development level, regional innovation efficiency and the correlation of the three aspects, analyze the development of economic quality, based on regional innovation efficiency and high quality economic development data, establish coupling coordination model, empirical research on the coupling relationship between the two. Found in Anhui province in recent years on the economic quality level and scientific and technological innovation ability have been steadily improved, high quality economic development comprehensive level and regional innovation efficiency is obvious coupling effect, present good development trend, however, the level of science and technology and the imbalance between innovation environment optimization, at the same time the growth of economic benefits and economic efficiency between also there is a certain lag. How to make good use of the coupling relationship between the development of regional innovation ability and high-quality economic development in Anhui Province to realize the mutual promotion of development is the top priority. In order to further improve the level of high-quality economic development, this paper finally puts forward relevant countermeasures and suggestions according to the research results. Read More

Abstract: With the development of Internet e-commerce, the global economic and business landscape has undergone profound changes. This article will understand the market innovation and expansion and supply chain optimization through the business model of e-commerce live broadcasting. As more and more individuals, enterprises, institutions and even people from all walks of life join the trend of live broadcasting, they try to carry out diversified activities such as product display, promotion, knowledge sharing, talent show and public welfare activities through live broadcasting platforms. With the help of real-time online interactive communication and intuitive and vivid picture presentation, it has attracted and maintained the attention and participation of a large number of users. In this work, with the rapid development of e-commerce industry and the wide application of new technologies such as 5G and VR/AR, live events have evolved from a single information dissemination channel to a diversified form of interaction covering entertainment, shopping, education, business and other fields. Read More

Abstract: This paper examines the challenges and strategies faced by central banks in weighing the multiple objectives of economic growth, full employment, price stability and financial stability. It first analyses the importance of the objectives for the economy and their interrelationships, with particular attention to the determinants of inflation stability and the effectiveness of monetary policy. Next, the role of the Taylor rule, central bank independence, transparency and communication strategies in policy making is discussed. Future research directions include the economic impact of globalisation and digitalisation, the role of central banks under climate change, and the challenges and opportunities of technological innovations for policy decision-making. Through comprehensive analyses and policy recommendations, this paper aims to provide central banks with guidance on achieving stable and sustainable economic growth and promoting market confidence and expectation management. Read More

Abstract: Lithium is a critical strategic resource essential for electric vehicles and lithium-ion batteries, both of which play pivotal roles in the transition to renewable energy. This study examines the global lithium supply chain, analyzing four representative products—lithium carbonate, lithium hydroxide, lithium-ion batteries, and electric vehicles—across the upstream, midstream, and downstream sectors from 2012 to 2023. Utilizing complex network theory, the research explores the structural characteristics and dynamic evolution of global trade networks before and after the U.S.-China trade war. The findings reveal that the lithium supply chain exhibits strong small-world characteristics, with high clustering coefficients and relatively short path lengths across all stages. Differences in trade network patterns were observed between products: lithium hydroxide shows more regional concentration, while electric vehicles demonstrate a more globalized trade network. These insights offer important implications for understanding supply chain resilience and vulnerability in the face of geopolitical conflict. Read More

Abstract: This descriptive-correlational study investigated the relationship between mobile payment adoption and its impact on employment and revenue growth in the retail sector. The study surveyed 300 retailer-respondents across Guangdong Province to assess the adoption rate of mobile payment systems, merchant satisfaction, and transaction frequency, and how these factors correlated with job creation and revenue growth. The findings revealed a significant relationship between adoption rate and job creation and revenue growth, highlighted the positive effects of mobile payment adoption on business performance. These insights provided valuable information for retailers in the region, suggesting that increasing adoption rates can lead to enhanced business outcomes, while emphasizing the importance of improving customer experience and personalized engagement strategies for long-term success. Read More