In order to encourage new ventures and try to create a more friendly business environment to attract investors, in recent years, Taiwan has amended the company law to give enterprises more flexibility and loosen many laws and regulations. One of the major amendments is the comprehensive introduction of Par value stock system. The stocks issued by the company constitute the company's capital, and denominated or non-denominated stocks are involved, which involves the company's capital structure, shareholders' equity, accounting and tax issues. The introduction of the non-par value stock system in Taiwan can be said to be a major change in the overall capital system norms. It is no longer misled by the traditional concept of "capital" multiplied by the total number of stocks issued, enabling shareholders and creditors to pay more attention to the company's operating performance as well as the real asset situation, and taking into account the company's funding needs. Recognizing the theoretical misunderstanding and lack of functions of denominated stocks, many scholars in the mainland have already discussed the existence and abolition of the denominated stocks system, and many have called for the introduction of the denominated shares system. However, for the reform of a legal system, the first consideration should still be whether the mainland has a need to implement a no-denomination stocks system. Considering that the mainland has gradually moved from capital credit to asset credit on the corporate legal system in recent years, there is indeed a practice for the no par value stock system. In light of the above requirements, the amendment of the company law in Taiwan should be of great significance to the legal system of promoting the no-denomination stock system in the mainland of China.

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This paper analyzed the competitiveness of export to ASEAN of the three East Asian countries by utilizing the Constant Market Share(CMS) model according to the BEC code classification from the perspective of GVC. An analysis of 2001 to 2016 divided into three sections showed that South Korea's competitiveness continues to rise; China remains relatively high competitiveness; Japan's competitiveness has a negative impact on its exports to ASEAN. As we divided the factors of competitive by production process, Korea has seen a significant increase in competitiveness in parts and accessories. On the other hand, Japan has negative influence on both intermediate and final goods except raw materials, and China maintains relatively stable competitiveness in both intermediate and final goods.

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This paper analyzes the characteristics of 20 Chinese overseas industrial parks approved by the Chinese government. The analysis results are as follows. First, Chinese overseas industrial parks were mainly led by China to pursue economic profits abroad, not by recipient countries. Chinese companies, which lack experience in overseas expansion, were able to reduce costs and risks by entering overseas industrial parks. Second, it was the private enterprises, not Chinese government, who actively created the overseas industrial parks. Of the 20 major overseas industrial parks, 14 were created by private enterprises. Third, Chinese overseas industrial parks are usually created by enterprises first and later approved by the Chinese government. In addition, most overseas industrial parks were first established before 2013, when China proposed the Belt & Road initiative. Fourth, Chinese overseas Industrial parks were developed with distinctive features in each region, considering the economic efficiency of each industrial park's specialized role and development potential. These characteristics indicate that Chinese companies' overseas expansion through the overseas industrial parks was driven by economic efficiency rather than by policy objectives such as China's BRI. Chinese companies’ overseas expansion and construction of overseas industrial parks were concentrated in Southeast Asia. In addition, with the strengthening of international industrial division between Southeast Asia and China, China’s market share in the region is increasing. On the other hand, Korea has a declining market share in most regions except Vietnam, therefore it is urgent to establish a new policy.

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There has been a recent research stating that, among the components of Term Spread that are widely recognized in the academic world as having a superior predictive power for the economy when compared to other leading variables, the predictability of “expected short-term interest rate” has decreased dramatically and the predictive power of “term premium” has expanded especially in countries that adopted with low-interest policy such as United States. In this context, the purpose of this study is to analyze whether the same phenomenon is happening in China by conducting various experiments. The experiment was divided into intra-sample prediction and out of sample prediction. In the intra-sample prediction, two factors “rate of change GDP” and “recession” were set as dependent variables and empirical analysis was conducted on each. When the rate of change of GDP was the dependent variable, the predictive power of Term Spread mainly stemmed from the “expected part of future short-term interest rate”, and this trend does not show a decreasing trend later in the rolling test results but term premium appeared to act as noise. Interesting results were obtained when recession was used as a dependent variable. It was observed that although Term Spread gives a statistically significant signal to the recession, the explanatory power is significantly less than when using the “expected short-term interest rate”, “term premium”, “future short-term interest rate” + “term premium”. In addition, the significance of “expected part of future short-term interest rate” is very robust, exceeding the threshold of 2 in both the backward and forward rolling regression analysis. Therefore, it could be confirmed the predictive power of Term Spread in China still depends heavily on the “expected short-term interest rate”, and that the recent phenomenon that was observed in the US was not happening in China.

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With the consideration of complexities of official statistics and the central role of policy in China, this study aims to track changes between 2007 and 2017 in Chinese regional inequality based on 31 provinces and three economic regions. The statistically significant result of a β-convergence test indicates that GDP per capita is converging, meaning that the economy of poor provinces is catching up to that of rich provinces and, thus, is relieving the interprovincial inequality. Also, this study finds that reduction of the level of GDP per capita between the eastern region and the others has come along with a narrowing of interprovincial inequality. These findings are consistent with the changing strategy of the central government, which moved from a marketized eastern-region–centered strategy to one of more balanced but still government-centered development, which may attenuate the sustainability.

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The discussion of the Chinese civil society has originated from the attempt to explore the shift of state-society relations during the era of ‘Reform and Opening-up’. It takes its cue from the fact that various civil society organizations which pursue independent values and interests are expanding quantitatively even under the authoritarian political system. Of course, even today, China’s state-society relations have not shown essential changes yet. In particular, the Chinese authorities is deeply concerned that the civil society may have negative impacts on maintaining China’s political and social stability and the authority of the Communist Party. However, it is not that the Chinese civil society doesn’t work. This paper notes the phenomenon in which various social organizations actively participate in the state-led governance in China. It explores especially the possibility that the social enterprise emerges as the new actor in the Chinese civil society. Focusing more on developing social values and providing public services than on engaging in social movement, the Chinese social enterprises are searching for their survival space by participating in the state-led governance.

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This study is aimed at verifying the transformative leadership of the principal of Chinese Henan high school, the structural relationship between teacher dedication and job satisfaction. To this end, data of 241 teachers working in high school in Henan were analyzed using the principal’s transformative leadership, teacher dedication and job satisfaction measures. The results of the study are as follows. First, the analysis of the transformative leadership of the principal of Chinese high school and the influence of teacher dedication on job satisfaction all had a statistically significant effect. Second, the transformative leadership of Chinese high school principal, the teacher dedication directly affects the job satisfaction, and the transformative leadership indirectly through the teacher’s dedication. Third, the transformative leadership of the Chinese high school principal has an indirect significant effect on job satisfaction with the medium of teacher dedication.

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The good policy for the problem of juvenile delinquency in China is not to reduce the age of criminal responsibility, which is called for by the public opinion, but to improve the system of treatment measures for juvenile delinquency. The current norms of treatment measures are mainly the provision of paragraph 4, Article 17 of the criminal law, which contains the basic concept of family discipline priority and government’s compulsory intervention as the backing. However, through the text interpretation of the regulation, it is found that there are some institutional obstacles, such as the unclear content of the regulation, the lack of provisions on the responsibility of parents or guardians for failing to perform discipline, the unclear application conditions and implementation places of the measures, the singleness of treatment measures system and the applicable behavior, which is short of justice. This paper argues that we should make clear the content of parental discipline and implement the responsibility of parental vocational education, making parents learn how to be parents; construct multiple measures to deal with juvenile delinquents, especially the transitional punishment measures between order for parents to discipline and custody and education, so as to alleviate the excessive dependence on the custody and education, one of the measures to deal with this problem is to perfect the existing working school system; improve the judicial nature of the measures to deal with juvenile delinquents, and establish juvenile delinquents handling departments in police, procuratorate and court,which reduces the randomness of deprivation of personal freedom,so as to eliminate the institutional obstacles to deal with juvenile delinquents.

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While frequent housing-for-debts-repayment disputes have complex and blended characteristics, current law and its judicial interpretation do not demonstrate the contractual freedom, leaving such matters as how to judge the nature and effect of relevant agreements and whether the creditor has a priority of compensation unresolved. As a result, such judges as datio in solutum, transfer guarantee, post-transfer guarantee, flow escort item or renewal of debts were made in judicial practice when dealing with the housing-for-debts-repayment agreement, which has inhibited the unified application of law and impaired judicial authority. Therefore, it is essential to make clear that the housing-for-debts-repayment agreement is a promissory contract requiring actual performance. Meanwhile, in order to improve the judging rules, it’s of necessity to clear and definite elements of constitution, ineffective circumstances, further illustration of Article 24 of the Provisions on the Application of Law in the Trial of Private Lending Cases and exceptions to the application of Article 24. In the context of the increasing combination of artificial intelligence and judicial trials, utilizing the big data processing, information classification, text generation and other functions, AI can complete text extraction and classification based on legal relationship contained under specific agreements, the complexity of the content and the number of relevant articles. At the same time, by means of improving the case database of housing-for-debts-repayment disputes, enhancing the interpretability of housing-for-debts-repayment algorithm and strengthening the research of intellectualization in such disputes, intellectualized trial can be used to predict the judgment and the same judgment in similar cases can be used to improve the litigation efficiency. Thus, an intellectualized trial path will be established which not only is in line with the social reality in China, but also conforms to the principle of freedom of the contract law and the legal interests of the parties, realizing the effective integration of artificial intelligence and jurisdiction.

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Anti-intellectualism can be defined as a desire or a movement that adheres to a particular principle(faith, ideology), through which one harbors animosity towards other principles or attempts to achieve the ideal as suggested by the principle using unreasonable and irrational means. The crux of China’s anti-intellectualism is that the conflict between capitalism and socialism persists. This is the core of Marxism, and the point which Mao Zedong placed the greatest emphasis in the construction of socialism. Mao was convinced that socialist revolutions had to be carried out continuously as long as there existed capitalist countries and the capitalist class, because otherwise, socialism would be toppled by the capitalist class. To this end, Mao initiated the Thought Reform Movement, Anti-Rightist Campaign, and the Cultural Revolution. Xi Jinping also sees capitalist and socialist countries as being locked in confrontational relationships. A strong party and ideological fortification are crucial in safeguarding socialism from the threat of capitalism. Since Mao’s methods are highly effective in achieving this aim, Xi Jinping hopes to revert to Mao’s way. Xi Jinping, in following Mao, aims to build a powerful system of one-man rule, through which to strengthen the party, thereby protecting socialism from the onslaught of capitalism, as well as realizing the China Dream–the revival of the great Chinese nation.

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