Table of Content 期刊目录
1. One year after COVID: the challenges and outlook of Chinese micro-and-small enterprises
Tao Kong, Xiaohan Yang, Ranran Wang, Zijun Cheng, Changyu Ren, Shuo Liu, Zhenhua Li, Fang Wang, Xiaoyin Ma & Xiaobo Zhang
Pages: 1-28

2. China trade with belt and road countries: the role and impact of institutions
Satar Bakhsh, He Yin, Mohsin Shabir & Kishwar Ali
Pages: 29-48

3. Trade uncertainty in US and China on trade openness in Sub-Saharan Africa
Witness Nyasha Bandura
Pages: 49-59

4. Impacts of the recent USA and China trade dispute on China’s aquatic products
Kun Lu, Pierre Failler, Benjamin M. Drakeford, Qinyi Wang & Tong Liu
Pages: 60-76

5. The elderly’s health capacity to work in China
Peng Zhan, Xinxin Ma, Takashi Oshio & Yibo Mao
Pages: 77-92

6. Is China market socialist? Comparing Western theory to Eastern practice
James A. Yunker
Pages: 93-119

Article Abstract 文章摘要
1. One year after COVID: the challenges and outlook of Chinese micro-and-small enterprises
Tao Kong, Xiaohan Yang, Ranran Wang, Zijun Cheng, Changyu Ren, Shuo Liu, Zhenhua Li, Fang Wang, Xiaoyin Ma & Xiaobo Zhang
Pages: 1-28
ABSTRACT
Based on a large Online Survey of Micro-and-small Enterprises (OSOME) conducted in March 2021 on micro-and-small enterprises and self-employed businesses (MSEs) operating on the Alipay platform, this paper examines the operational status, challenges, responses, and confidence of MSEs after exposure to the COVID-19 pandemic for over a year in China. The operational status of micro-and-small enterprises has significantly improved despite cash flow constraints. Rising costs and weak demand were two key challenges. In response to the COVID-19 shock, a higher percentage of newly established businesses adopted online sales and electronic information systems than those established earlier. Tax reduction was the most inclusive type of policy support. The confidence indices on market demand, production, and revenues for the next quarter returned to positive territory, indicating an optimistic outlook. The employment index remained just below the normal level, suggesting subdued expectations of expanded employment in the near future.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.1995246

2. China trade with belt and road countries: the role and impact of institutions
Satar Bakhsh, He Yin, Mohsin Shabir & Kishwar Ali
Pages: 29-48
ABSTRACT
This article investigates the impact of institutional quality on China’s trade with belt and road economies by testing the augmented gravity model framework. Our empirical analysis is based on 16 years of balanced panel data of 65 belt and road economies. We use the instrumental variable estimator developed for a panel data model to address the potential endogeneity issue. We distinguish the vital role of institutions in trading partner countries in shaping this result. Our outcomes outline an interesting story about the association between institutional quality and China’s export to and import from belt and road countries. We find that the weaker voice and accountability and political stability in B&R countries negatively affect China exports, while China import from B&R economies shows a statistically positive effect of institutions. Our findings are robust to employs a panel pseudo-maximum likelihood (PPML) estimation method. As part of wider trade integration, we conclude that the B&R countries should strengthen their institutions. The results of this study have several implications for policymakers.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.1994709

3. Trade uncertainty in US and China on trade openness in Sub-Saharan Africa
Witness Nyasha Bandura
Pages: 49-59
ABSTRACT
This study applies the system GMM technique to determine the impact of external trade uncertainty on trade openness for 35 countries in Sub-Saharan Africa, over the period 1985–2019 with 5-year non-overlapping data. Given the rapid globalisation and episodes of global economic uncertainty over the recent years, the research attempts to identify if trade uncertainty from outside of the region could affect trade openness in the region. There is strong evidence of a negative impact of trade uncertainty from both China, the US and the world on trade in Sub-Saharan Africa. The negative impact is, however, more severe from the world and followed by China. Comparatively, it can be concluded that China is more influential on Africa’s trade as compared to the US. It is, therefore, recommended that African economies should be concerned with trade uncertainty from around the world and put in place some measures to safeguard their economies.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.2014703

4. Impacts of the recent USA and China trade dispute on China’s aquatic products
Kun Lu, Pierre Failler, Benjamin M. Drakeford, Qinyi Wang & Tong Liu
Pages: 60-76
ABSTRACT
This paper uses the Multivariable Grey Model and the Counterfactual Reasoning Method to evaluate the impact of the recent trade dispute between the USA and China from the perspective of its impact on the international trade of China’s aquatic products. Regarding imports the recent trade dispute did not have a negative impact, due to substitution possibilities with other countries. China’s aquatic products export is heavily dependent on the market in the USA. Nevertheless, the aggravation of the recent trade dispute has not caused significant effects on China’s aquatic product exports. Compared with the potential trade loss in terms of exports to China suffered by aquatic product producers and operators in the USA, the economic interests of China’s aquatic products producers and operators in terms of exports have not been affected significantly overall. In comparison, the potential trade losses of aquatic product producers and operators in the USA are relatively greater.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.2019924

5. The elderly’s health capacity to work in China
Peng Zhan, Xinxin Ma, Takashi Oshio & Yibo Mao
Pages: 77-92
ABSTRACT
China’s rapidly aging population has diminished its labor force. This study examines the extent to which the elderly’s labor force participation could be enhanced given their health status. Using national aggregated data from the population census for 1990–2015 and survey data from the Chinese Health and Retirement Longitudinal Study for 2011–2015, we simulated the potential and additional work capacity of China’s elderly using methods employed in previous studies. We obtained four main findings. First, a substantial amount of unused work capacity exists in the 60–69 years age group in urban China, accounting for approximately 30% of the potential work capacity. Second, the additional work capacity is greater for urban residents and men than for rural residents and women. Third, the additional work capacity increases for urban men but decreases for rural men and women. Fourth, the change in sensitivity of work to health reduces potential work capacity.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.2003534

6. Is China market socialist? Comparing Western theory to Eastern practice
James A. Yunker
Pages: 93-119
ABSTRACT
The question of whether the contemporary Chinese economy is more accurately characterized as market socialist or market capitalist depends to some extent on semantic issues pertaining to the meaning of terms such as capitalism, socialism, and the market. Adding to these complications is the fact that there are several market socialist plans, quite different in their specifics, extant in the systems literature produced by Western economists. The present contribution attempts to shed a more focused light on this question by comparing the contemporary Chinese economy to a specific plan of market socialism known as ‘pragmatic market socialism.’ While obviously not a perfect match, there appears to be sufficient overlap for the Chinese economy to be considered a reasonable approximation to pragmatic market socialism.
Link to the original text:：
https://www.tandfonline.com/doi/abs/10.1080/17538963.2021.2006457