This study aims to investigate the influence of product competitiveness on the technological innovation in Chinese enterprises. The investigation starts from micro-level enterprises and the samples comes from the nonfinancial sectors of Shanghai and Shenzhen listed companies during 2002-2012. Novel simultaneous equations have been established based on the Hausman simultaneous test analysis to examine whether there is endogenous between innovation and competition and also test the bidirectional relationship of product market competition and enterprise innovation. The analysis results show that excessive competition would dampen the enthusiasm of innovation and influence the improvement of enterprise technological innovation. Excessive monopoly makes the companies generate a scene of complacency and reduces technological innovation. Therefore, there exists U-shipped relationship between product competition and enterprise technological innovation. In addition, variables about enterprise characteristics and governance also show influence on the technological innovation. Based on the above conclusions, some recommendations have been proposed to improve the technological innovation of Chinese listed companies.
This study aims to investigate the impacts of expensive food and luxury goods import tariff adjustment on Chinese economy and related measures. Nowadays, Asia especially China has been the world's biggest expensive food and luxury goods market. However, due to relatively higher luxury import tariff in China, most consumers have chosen to purchase expensive food and luxury goods abroad which leads to a large of domestic consumption cash outflow. Therefore, whether to cut the luxury import tariff in China has been an urgent topic in the field. This study reviews the existing research on luxury consumption as well as relative background home and abroad, especially focusing on the situation on Chinese consumers. Then it briefly introduces the current status of Chinese luxury consumption as well as luxury market, illustrating that expensive food and luxury goods consumption import tariff cut has a great contribution to the Chinese economy. Based on the conclusions, the proposing measures will be put forward when cutting luxury import tariff.
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