简介:ThiscommentaryisbasedontheworkofCooper,Davis,andVanVliet(2016)andthecommentaryfocusesonwhatproblemhigh-frequencytradingposes.Itlistskeyliteratureonhigh-frequencytradingthatismissingandpointsoutthatthepokeranalogytodefenddeceptioninfinancialmarketsisweakandmisleading.Thearticleelaboratesonthenegativeimpactcreatedbyspoofingandquotestuffing,thetwotypicaldeceptivepracticesusedbyhigh-frequencytraders.Therecentregulationsregardinghigh-frequencytrading,inresponsetothe“FlashCrash”of2010,arepreventive,computerizedandmoreeffective.Theyreflectethicalrequirementstomaintainfairandstablefinancialmarkets.
简介:Afierhavingexperiencedtwodecadesofsustainedhigh.economicqrnwthwillithppossibleforChinatoseecontinuedsustainedhigheconomicgrowthinanother10to20years?Followingtheeconomicslowdowninthepastfewyears,manyholdpessimisticviewsonthis.Inaninterviewwithacorresp...
简介:In2003theinternalandexternalenvironmentsofChina′sforeigntradearebetterthanthosclastycar,butsomerestrictionsstillremain.Itisratherdiffieultforexportgrowthratetokeepashighaslastyear,butthere,arestillalotofbeneficialelementsforimportandexporttoachievearelativelyhighgrowthrate,
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简介:RecentlyEYreleaseditsreportGoingOut:theGlobalDreamofaManufacturingPower—2016ChinaOutboundInvestmentOutlook,pointingoutthatChina’soutboundinvestmentisexpectedtomaintainitsrapidgrowthofover10%andhitarecordhighin2016.ItalsopredictsthatChina’soutboundinvestmentisexpectedto
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简介:Globalwarminghasexertedseverechallengesonthesustainabledevelopmentofeconomicsocietyandthefoodsecurity,resourcesecurity,energysecurityandecologicalsecurityoftheworld.Low-carboneconomyhasbecomethecurrenttrendoftheglobaleconomicdevelopment.Thus,theindustrialdevelopmentofChinamustseektheinstitutionalinnovationandtechnologicalinnovationsoastoimprovetheefficiencyofenergy.High-endindustryhasbecomethemainfactorofthefuturedevelopmentoftheeconomicsociety.Thus,todevelopthehigh-endindustryisanimportantapproachtorealizelow-carboneconomy.Thispaperexploresthestrategiesofthedevelopmentofnewlyemerginghigh-endindustriesagainstthebackgroundoflow-carboneconomyformsuchperspectivesaseffectiveuseofresources,theimprovementofindependentinnovativeability,andleadingthehigh-end,highqualityandhighefficiencyindustriestotheimportantregion.
简介:Studyontheeco-relationshipofregionaltourismisaevaluationaboutthepresentsituationandpotentialofregionaltouristresources.InordertobreakingthesituationofthelackofcoordinationontouristdestinationinGuizhouprovince,understandingitaftertheopeningoftheGui-Guanghigh-speedrailisbeneficial.Thispaperconstructsanevaluationindexsystemabouttheeco-relationshipoftheregionaltouristfromfiveparts-theresourcevalue,thetouristmarket,thetrafficlocation,thereceptionconditionsandtheresourcetypes.Tosummarizethechangesofthetouristeco-relationshipofsamplesbeforeandaftertheopeningofthehigh-speedrail,itcalculatestheweightbythejudgmentmatrix,andthenusestheclusteranalysisofSPSSandthebasisforjudgingtheeco-relationshipofregionaltourist.TochoosetheemphasisandtoguidethedirectionontourismindustryinGuizhouProvinceinthefuturehigh-speedrailera,acasestudyoftheregionaltouristdestinationinGuizhousectionoftheGui-Guanghigh-speedrailiscarriedout.