Search Results (985)

An in-depth investigation into the evolutionary characteristics, transmission mechanisms, and optimization pathways of electricity consumption linkages across China’s industrial sectors highlights their substantial theoretical and practical significance in achieving the “dual carbon” goals and advancing high-quality economic development. This study investigates the structural characteristics and developmental trends of electricity consumption linkages across China’s industrial sectors using an enhanced hypothetical extraction method. The analysis draws on national input–output tables and sector-specific electricity consumption data during the period from 2002 to 2020. Key transmission routes between industrial sectors are identified through path analysis and average path length calculations. The findings reveal that China’s industrial electricity consumption structure is marked by notable scale expansion and differentiation. The magnitude of inter-sectoral electricity flows continues to grow steadily. The evolution of these linkages exhibits clear phase-specific patterns, while the intensity of electricity consumption connections across sectors shows pronounced heterogeneity. Furthermore, the transmission path analysis revealed differentiated characteristics of electricity influence transmission, with generally shorter internal paths within sectors, significant cross-sectoral transmission differences, and manufacturing demonstrating good transmission accessibility with moderate path distances to major sectors. These insights provide a robust foundation for designing differentiated energy conservation policies, as well as for optimizing the overall structure of industrial electricity consumption. Full article

The rapid growth of live e-commerce, a sector valued at over USD 100 billion worldwide, demonstrates its transformative impact on the retail industry, especially in markets like China, where platforms such as Taobao Live and TikTok Shop have markedly altered consumer interaction. This transition is further expedited by Netflix-like entertainment marketing methods, which have demonstrated the capacity to enhance consumer retention by as much as 40%. As organizations adjust to this evolving landscape, it is essential to optimize supply chain strategies to align with these dynamic, consumer-centric environments. This paper examines the complexity of decision-making in live e-commerce supply chains, specifically regarding Netflix-inspired marketing strategies. The primary aim of this study is to design a game-theoretic framework that examines the interactions between producers and online celebrity retailers (OCRs) across different power dynamics. As live commerce integrates digital retail with immersive experiences, businesses must optimize pricing, quality, and marketing strategies in real-time. We present engagement-driven marketing as a strategic variable and incorporate consumer regret and switching costs into the demand function. To illustrate practical trade-offs in strategy, we incorporate a multi-criteria decision-making (MCDM) layer with AHP-TOPSIS, assessing profit, consumer surplus, engagement score, and channel efficiency. The experiment results indicate that Netflix-style marketing markedly increases demand and profit in retailer-led frameworks, whereas centralized tactics enhance overall channel performance. TOPSIS analysis prioritizes high-effort, high-engagement methods, whereas the Stackelberg experiment underscores the influence of power dynamics on profit distribution. This study presents an innovative integrative decision-making methodology for enhancing live-streaming commerce tactics in data-driven and consumer-focused markets. Full article

The mining industry (MI) in mineral-rich regions is pivotal for economic growth but is challenged by significant pollution and emissions. This study examines Guangxi, a representative region in China, in light of the country’s “Dual Carbon” goals. We quantified carbon emissions from the MI from 2005 to 2021, employing the generalized Divisia index method (GDIM) to analyze the factors driving these emissions. Additionally, a system dynamics (SD) model was developed, integrating economic, demographic, energy, environmental, and policy variables to assess decarbonization strategies and the potential for carbon decoupling. The key findings include the following: (1) Carbon accounting analysis reveals a rising emission trend in Guangxi’s MI, predominantly driven by electricity consumption, with the non-ferrous metal mining sector contributing the largest share of total emissions. (2) The primary drivers of carbon emissions were identified as economic scale, population intensity, and energy intensity, with periodic fluctuations in sector-specific drivers necessitating coordinated policy adjustments. (3) Scenario analysis showed that the Emission Reduction Scenario (ERS) is the only approach that achieves a carbon peak before 2030, indicating that it is the most effective decarbonization pathway. (4) Between 2022 and 2035, carbon decoupling from total output value is projected to improve under both the Energy-Saving Scenario (ESS) and ERS, achieving strong decoupling, while the resource extraction shows limited decoupling effects often displaying an expansionary connection. This study aims to enhance the understanding and promote the advancement of green and low-carbon development within the MI in mineral-rich regions. Full article

In this study, we examine the impact of mergers and acquisitions (M&As) on firm environmental performance, aiming to address the gap in research and guide firms, investors, and policymakers toward more environmentally conscious decision-making in M&A. Using panel data from Chinese A-share listed firms (2008–2022), we estimate a two-way fixed effect model. The Propensity Score Matching and the instrumental variable method address potential endogeneity concerns, and robustness checks validate the findings. We found that M&As have a significantly positive effect on firm environmental performance, with heterogeneous impacts across regions, industries, and M&A types. The environmental benefits are most pronounced in heavily polluting industries and hybrid M&A deals. Eastern China shows more modest improvements. The results of mechanism tests revealed that M&As enhance environmental performance primarily by boosting total factor productivity and fostering innovation. This study offers a novel perspective by linking M&A activities to environmental sustainability, enriching the literature on both M&As and corporate environmental performance. We show that even conventional M&A deals (not sustainability-focused) can improve environmental performance through operational synergies. Expanding beyond polluting industries, we reveal how sector characteristics shape M&A’s environmental impacts. We identify practical mechanisms through which standard M&A activities can advance sustainability goals, helping firms balance economic and environmental objectives. It provides empirical evidence from China, an emerging market with distinct institutional and regulatory contexts. The findings offer guidance for firms engaging in M&A to strategically improve sustainability performance. Policymakers can leverage these insights to design incentives for M&A in pollution-intensive industries, aligning economic growth with environmental goals. By demonstrating that M&As can enhance environmental outcomes, this study supports the potential for market-driven mechanisms to contribute to broader societal sustainability objectives, such as reduced industrial pollution and greener production practices. Full article

Achieving sustainable development goals remains a core issue in global development. In response, China has proposed the development of new quality productive forces (NQPFs) through innovative thinking, emphasizing that fostering NQPFs is both an intrinsic requirement and a pivotal focus for advancing high-quality development. Concurrently, the intelligent transformation of the manufacturing sector serves as a critical direction for China’s economic restructuring and upgrading. This paper places “new quality productive forces” and “intelligent transformation of manufacturing” within the same analytical framework. Starting from the logical chain of “new quality productive forces—three major mechanisms—intelligent transformation of manufacturing,” it concretizes the value implications of new quality productive forces into a systematic conceptual framework driven by the synergistic interaction of three major mechanisms: the mechanism of revolutionary technological breakthroughs, the mechanism of innovative allocation of production factors, and the mechanism of deep industrial transformation and upgrading. This study constructs a “3322” evaluation index system for NQPFs, based on three formative processes, three driving forces, two supporting systems, and two-dimensional characteristics. Simultaneously, it builds an evaluation index system for the intelligent transformation of manufacturing, encompassing intelligent technology, intelligent applications, and intelligent benefits. Using national time-series data from 2012 to 2023, this study assesses the development levels of both NQPFs and the intelligent transformation of manufacturing during this period. The study further analyzes the impact of NQPFs on the intelligent transformation of the manufacturing sector. The research results indicate the following: (1) NQPFs drive the intelligent transformation of the manufacturing industry through the three mechanisms of innovative allocation of production factors, revolutionary breakthroughs in technology, and deep transformation and upgrading of industries. (2) The development of NQPFs exhibits a slow upward trend; however, the outbreak of the pandemic and Sino-US trade frictions have caused significant disruptions to the development of new-type productive forces. (3) The level of intelligent manufacturing continues to improve; however, from 2020 to 2023, due to the impact of the COVID-19 pandemic and Sino-US trade conflicts, the level of intelligent benefits has slightly declined. (4) NQPFs exert a powerful driving force on the intelligent transformation of manufacturing, exerting a significant positive impact on intelligent technology, intelligent applications, and intelligent efficiency levels. Full article

An important element in the Constitution of the People’s Republic of China is the guarantee of gender equality in all fields. The principle is not reflected in terms of corporate governance and senior management, however. A study of the largest 400 companies listed on Chinese stock exchanges shows far fewer female board members and senior managers than male counterparts and only a small improvement over the course of a decade. A comparison of gender balances in terms of a range of variables, including stock exchange listing, industry type, and ownership type, reveals better balances in wholly privately owned firms than in those with controlling state interests. Subject to intervening government policies to promote state-owned enterprises over private sector counterparts, the pattern over the decade studied suggests there is a possibility privately owned enterprises may gradually displace state-owned companies in the largest 400 group and gender balances in senior roles in the largest 400 group will consequently improve. Full article

Promoting the sustainable development of virtual water trade is of great significance to safeguarding China’s water resource security and balanced regional economic growth. This study analyzes the virtual water trade network among 31 Chinese provinces based on multi-regional input–output tables from 2012, 2015, and 2017, using total trade decomposition, social network analysis, and exponential random graph models. The key findings are as follows: (1) The total virtual water trade volume remains stable, with Xinjiang, Jiangsu, and Guangdong as the core regions, while remote areas such as Shaanxi and Gansu have lower trade volumes. The primary industry dominates, and it is driven by simple value chains. (2) Provinces such as Xinjiang, Heilongjiang, and Jiangsu form the network’s core. Network density and symmetry increased from 2012 to 2015 but declined slightly in 2017, with efficiency peaking and then dropping, and the clustering coefficient decreased annually. Four economic sectors exhibit distinct interactions: frequent two-way flows in Sector 1, significant inflows in Sector 2, prominent net spillovers in Sector 3, and key brokers in Sector 4. (3) The network evolved from a core-periphery structure with weak ties to a stable, heterogeneous, and resilient system. (4) Influencing factors, such asper capita water resources, economic development, and population, significantly impact trade. Similarities in economic levels, population, and water endowments promote trade, while spatial distance has a limited effect, with geographic proximity showing a significant negative impact on long-distance trade. Full article

As a key enabling technology for energy transition, the smart grid is propelling the global power system to evolve toward greater efficiency, reliability, and sustainability. Based on the three-dimensional analysis framework of “technology–policy–application”, this study systematically sorts out the technical architecture, regional development mode, and typical application scenarios of the smart grid, revealing the multi-dimensional challenges that it faces. By using the methods of literature review, cross-national case comparison, and technology–policy collaborative analysis, the differentiated paths of China, the United States, and Europe in the development of smart grids are compared, aiming to promote the integration and development of smart grid technologies. From a technical perspective, this paper proposes a collaborative framework comprising the perception layer, network layer, and decision-making layer. Additionally, it analyzes the integration pathways of critical technologies, including sensors, communication protocols, and artificial intelligence. At the policy level, by comparing the differentiated characteristics in policy orientation and market mechanisms among China, the United States, and Europe, the complementarity between government-led and market-driven approaches is pointed out. At the application level, this study validates the practical value of smart grids in optimizing energy management, enhancing power supply reliability, and promoting renewable energy consumption through case analyses in urban smart energy systems, rural electrification, and industrial sectors. Further research indicates that insufficient technical standardization, data security risks, and the lack of policy coordination are the core bottlenecks restricting the large-scale development of smart grids. This paper proposes that a new type of intelligent and resilient power system needs to be constructed through technological innovation, policy coordination, and international cooperation, providing theoretical references and practical paths for energy transition. Full article

Globalization and market saturation have led Portuguese textile companies to seek international markets not only for growth but also to contribute to their country’s international image. This study aims to explore how the internationalization of the Portuguese textile sector into the Chinese market contributes to Portugal’s destination image and identify the critical success factors in this process. The research follows an inductive, qualitative methodology based on semi-structured interviews with two groups of companies: those already operating in China (n = 5) and those preparing to enter the market (n = 5). The interviews were thematically analyzed to extract key patterns and insights. The findings reveal that successful companies operate in the luxury segment, rely on prior international experience, and often use local intermediaries. Firms planning to internationalize highlight quality differentiation, brand authenticity, and innovation as strategic advantages. These insights support the role of niche positioning and cultural adaptation in building both commercial success and a refined international image of Portugal. This study contributes to the literature by linking internationalization and destination branding through industry-specific case evidence and offers practical implications for managers targeting emerging markets like China. Full article

In the era of climate change, the strategic importance of forestry products for sustainable development is increasingly recognized. Amid a global resurgence of industrial policy aimed at addressing environmental challenges, this study investigates the impact of China’s central and provincial green industrial policies on the export competitiveness of wood-processing enterprises. Utilizing firm-level data from the China Industrial Enterprise Database and China Customs Export Database (2000–2013), we apply a double machine learning (DML) approach and construct a heterogeneous competitiveness model to evaluate policy effects along two dimensions: export quantity (volume and intensity) and export quality (product complexity and consumer-perceived quality). Our findings reveal a clear dichotomy in policy outcomes. While industrial policies have significantly improved export product complexity—reflecting China’s comparative advantage in labor-intensive production—they have had limited or even negative effects on export volume, intensity, and product quality. This suggests that current policy frameworks disproportionately reward horizontal innovation (product diversification) while neglecting vertical upgrading (quality enhancement), thereby hindering comprehensive export performance gains. Those results highlight the need for more balanced and targeted policy design. By aligning industrial policy instruments with both complexity and quality objectives, policymakers can better support the sustainable transformation of China’s forestry sector and enhance its competitiveness in global value chains. Full article

This study investigates the impact of rural digital economy development on agricultural carbon emission efficiency, aiming to elucidate the intrinsic mechanisms and pathways through which digital technology enables low-carbon transformation in agriculture, thereby contributing to the achievement of agricultural carbon neutrality goals. Based on provincial-level panel data from China spanning 2011 to 2022, this study examines the relationship between the rural digital economy and agricultural carbon emission efficiency, along with its underlying mechanisms, using bidirectional fixed effects models, mediation effect analysis, and Spatial Durbin Models. The results indicate the following: (1) A significant N-shaped-curve relationship exists between rural digital economy development and agricultural carbon emission efficiency. Specifically, agricultural carbon emission efficiency exhibits a three-phase trajectory of “increase, decrease, and renewed increase” as the rural digital economy advances, ultimately driving a sustained improvement in efficiency. (2) Industrial integration acts as a critical mediating mechanism. Rural digital economy development accelerates the formation of the N-shaped curve by promoting the integration between agriculture and other sectors. (3) Spatial spillover effects significantly influence agricultural carbon emission efficiency. Due to geographical proximity, regional diffusion, learning, and demonstration effects, local agricultural carbon emission efficiency fluctuates with changes in neighboring regions’ digital economy development levels. (4) The relationship between rural digital economy development and agricultural carbon emission efficiency exhibits a significant inverted N-shaped pattern in regions with higher marketization levels, planting-dominated areas of southeast China, and digital economy demonstration zones. Further analysis reveals that within rural digital economy development, production digitalization and circulation digitalization demonstrate a more pronounced inverted N-shaped relationship with agricultural carbon emission efficiency. This study proposes strategic recommendations to maximize the positive impact of the rural digital economy on agricultural carbon emission efficiency, unlock its spatially differentiated contribution potential, identify and leverage inflection points of the N-shaped relationship between digital economy development and emission efficiency, and implement tailored policy portfolios—ultimately facilitating agriculture’s green and low-carbon transition. Full article

The effects of changes in China’s final demand structure on its forestry sector and associated supply chains have not been thoroughly examined. This study aims to provide a detailed analysis of the quantitative relationships and underlying mechanisms between these interactive changes. Using China’s 153-sector input–output tables from the National Bureau of Statistics and applying a Leontief-based input–output model, we conducted scenario simulations through three distinct schemes, generating both quantitative and qualitative results. Our findings indicate that (1) For China’s forestry sector and its entire value chain to thrive, policymakers should boost consumer demand. This can better stimulate the development of forestry and the “agriculture-forestry-animal husbandry-fishery services” sector and related service industries; (2) Increased investment demand effectively stimulates the development of tertiary industries and secondary industries within the forestry supply chain and boosts the demand and production of intermediate products; (3) Changes in net exports have a significant impact on forestry and the forestry industry chain. To reduce dependence on foreign timber resources, China should strategically expand commercial plantation development; (4) Regarding intermediate product production, investment has a more pronounced effect on increasing total volume compared to consumption. Additionally, the Sino–US tariff disputes negatively impact the forestry industries of both countries. China needs to accelerate import substitution strategies for timber products, adjust international trade markets, and expand domestic consumption and investment to ensure the healthy and stable development of its forestry sector. Full article

China’s national strategies emphasize both achieving carbon peaking and neutrality (“dual carbon” objectives) and fostering high-quality economic development. This dual focus highlights the critical importance of the Green and Low-Carbon Transition (GLCT) of the economy and the development of New Quality Productive Forces (NQPF). Firms are central actors in this transformation, prompting the core research question: How does corporate engagement in GLCT contribute to the formation of NQPF? We investigate this relationship using panel data comprising 33,768 firm-year observations for A-share listed companies across diverse industries in China from 2012 to 2022. Corporate GLCT is measured via textual analysis of annual reports, while an NQPF index, incorporating both tangible and intangible dimensions, is constructed using the entropy method. Our empirical analysis relies primarily on fixed-effects regressions, supplemented by various robustness checks and alternative econometric specifications. The results demonstrate a significantly positive relationship: corporate GLCT robustly promotes the development of NQPF, with dynamic lag structures suggesting delayed productivity realization. Mechanism analysis reveals that this effect operates through three primary channels: improved access to financing, stimulated collaborative innovation and enhanced resource-allocation efficiency. Heterogeneity analysis indicates that the positive impact of GLCT on NQPF is more pronounced for state-owned enterprises (SOEs), firms operating in high-emission sectors, those in energy-efficient or environmentally friendly industries, technology-intensive sectors, non-heavily polluting industries and companies situated in China’s eastern regions. Overall, our findings suggest that corporate GLCT enhances NQPF by improving resource-utilization efficiency and fostering innovation, with these effects amplified by specific regional advantages and firm characteristics. This study offers implications for corporate strategy, highlighting how aligning GLCT initiatives with core business objectives can drive NQPF, and provides evidence relevant for policymakers aiming to optimize environmental governance and foster sustainable economic pathways. Full article

In the era of the digital economy, how digital transformation (DT) contributes to economic development has become a topic of growing interest. This study focuses on business model innovation (BMI) driven by DT in the manufacturing sector. From this perspective, we aim to explore how DT can reshape the fundamental connotation of economic development. To this end, we construct a mathematical model grounded in a Multi-Structural Economic System framework and employ econometric models focusing on fixed effects, mediation effects, and moderation effects. We also compile a panel dataset using data from China spanning from 2008 to 2024. The empirical findings reveal that BMI serves as a mediation mechanism between the DT and competitive advantage (CA) of manufacturing enterprises. However, competitive imitation of BMI by peer enterprises partially offsets this effect, weakening the relationship between DT and enhanced CA. These findings offer evidence-based insights into the role of BMI in the digital era. For policymakers and industry regulators, this study provides practical implications for promoting knowledge spillovers from BMI, thereby fostering market dynamism and enabling structural transformation in the manufacturing industry. Full article

With the development of urban scale and economic growth, the challenges posed by limited resources and insufficient environmental carrying capacity become increasingly severe, making the sustainable improvement of production efficiency an urgent requirement. Based on panel data for cities in the Dianzhong Urban Agglomeration and the Chengdu–Chongqing Economic Circle in Southwest China (2012–2021), this study elucidates the positive effect of urban compactness on green total factor productivity (GTFP). By constructing a composite index to measure urban compactness and employing an SBM model to quantify GTFP, we find that a 1% increase in urban compactness leads to a 0.65% increase in GTFP. A mediating-effect analysis reveals that green technological innovation serves as a significant mediator, with a mediating effect value of 0.363. Heterogeneity analysis uncovers differing mechanisms of influence: urban compactness exerts a positive effect in regions with higher levels of economic development, while its impact is not significant in regions with lower economic development, indicating that the effect of compactness varies with economic context; the impact of urban compactness on GTFP is statistically insignificant in regions with higher tertiary sector shares (p > 0.1), whereas it exhibits a highly significant positive effect in regions with lower tertiary sector presence (β = 1.49, p < 0.01). These results collectively demonstrate that the influence of urban compactness on GTFP varies significantly with industrial structure composition. Threshold-effect analysis further shows that there is a threshold in the proportion of industrial output value, beyond which the influence of compactness on GTFP becomes even stronger. Our research quantitatively explores both linear and nonlinear relationships between urban compactness and GTFP, clarifying the linkage between urban spatial dynamics and green production efficiency, and provides empirical evidence and scholarly support for urban planning and economic development. Full article