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Inbound and Outbound Tourism in China: A Perspective Article
91-107Views:112The tourism industry in China has undergone significant changes due to globalization, technology, and changing consumer preferences. This perspective article, based on a systematic literature review, examines examines trends, challenges, and opportunities in inbound and outbound tourism in China, focusing on the industry's dynamism. Both inbound and outbound tourism have been negatively impacted by the COVID-19 pandemic, which has prompted new strategies and environmental adaptations. China has changed its priorities within the country to encourage domestic travel and support local firms. The rise in internationalisation and the growing middle class in China have led to an unprecedented rise in outbound travel. Chinese travellers are affecting travel habits and spending all around the world in the tourism sector. Language barriers, cultural differences, and safety concerns are some of the challenges that come with travelling abroad. To reach its full potential, China needs to adapt to the shifting global environment and take into account the specifications and preferences of both inbound and outgoing tourists.
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The Impact of a Coronavirus Epidemic on China’s Public Debt Ratio Growth
151-159Views:226Public opinion in the economic profession is strongly preoccupied with the expected negative economic effects of the coronavirus epidemic. Among the consequences, special attention is paid to the increase in the gross debt of the states. Indeed, based on conventional economic knowledge, it is clear to everyone that the economic downturn and the increase in government sector expenditure will directly lead to a sharp rise in government debt. The study aims to predict an increase in China’s government debt ratio using a macroeconomic model. The study will quantify the rate of increase in China’s public debt based on four theoretically possible scenarios for the course of the coronavirus epidemic. I am aware that it is difficult to apply conventional economic knowledge to China’s state-capitalist system. This is explained by the fact that the theories of the socialist economic model do not apply to China either. At the same time, the functioning of China's economy is closer to that of market-based economies, but the country's structure as a whole cannot be integrated into this framework either. But models describing the economic development of developing national economies cannot be applied to the country either. Nonetheless, I attempt to use conventional economic economics to attempt to quantify the impact of the coronavirus epidemic on China’s sovereign debt ratio. China’s public debt growth rates calculated under different outbreak scenarios are different, but none show an increase that would call into question the financing of China’s public debt.
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Talent Management in International Practice Through the Example of Europe and China
454-464Views:248The reason behind is that they have their own principles, strategic goals and industrial environment that they have to manage on daily bases. The current labour and talent shortage across Europe forces local companies to supply their demand of manpower from foreign countries – encouraged by the ’four freedoms’ of the EU. In consequence of the globalisation, we have to keep in mind that running a talent management system has its challenges. For instance, employees with different cultural background might have unconventional needs. Due to the cultural, demographical and economical differencies, we must know the structure of our labour force to use the most beneficial tools to induct, motivate or retain our human resource. The aim of this research is to analyze Europe’s and China’s talent management systems to reveal similarities and differencies between them and pick the most notable ones. From the point of comparison, analysing China would be important for European countries to discover further possibilities, as nowadays China has one of the most dynamically developing economy with enormous population behind. The primary result of the research is that deficiency of talent is irrespective of the size of the population and it causes difficulty in both European and Chinese fields, therefore it proves to be a real and general challenge needing attention at organizational level. Furthermore, identifying regional patterns considering peculiarities, the framework of talent management systems can be defined and be found summarised in the article.
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Optimization and Analysis of Structure about Lifting Device of Logistics Sorting
425-431Views:147The lifting device of a logistics sorting machine needs high frequency upward and downward reciprocating motion therefore the cutting fork arms and matching parts of the shaft are often worn out. In this paper the problem of the shear fork types applied for the lifting mechanism is studied at first. Then the advanced numerical simulation software ANSYS adopted for the lifting mechanism of the shear fork type, and the means of virtual simulation is introduced. Hence the possible location of faults and fault modes are analysed. Then improving measures about the lifting mechanism of the logistics sorting machine are suggested.
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The Effect of annealing temperature on corrosion resistance and microstructure of Zr-Sn-Nb-Fe alloy
420-424Views:101The Ti-2Al-2.5Zr titanium alloy plate in beta phase water quench at different times of the reentry after annealing is implemented while primary phase number and size distribution of samples are obtained. This research is carried out on corrosion behavior in 3.5% [mass fraction] NaCl solution. Experimental study showed that after the beta phase water quenching Ti-2Al-2.5Zr titanium alloyed after 500 oC annealing when partial recrystallization happened. There seems to be lots of tiny dispersion in the alloy that was annealed with its samples of six-party [HCP] structure of Ti, Zr, Al phase 2 with the dimension below 100 nm. Reaching 500 oC when the rate of annealing at a primary phase of the sample at 550 oC is low 90% of the primary phase is less than 100 nm. The changing of the rule of present decreasing also triggers little difference overall. Precipitation in the process of annealing Zr [Nb,Fe,Cr] 2is less that proves to be good for corrosion resistance.
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Pop Trade Policy – Some Reflections on the Current Trade Policy of the US
210-221Views:87After a brief review of the antecedents our paper aims to systematically organize the recent and current changes in the trade policy of the United States in three broader areas: her changing attitudes towards TPP and WTO, the renegotiation of the North American Free Trade Agreement and the trade war being fought, mostly against China. Our goal is to relate these changes to the trade policy of the former presidential terms, to understand them in the framework of populism and that of the economic policy questions solved only by the second best answer, that is, by protectionism.
