Explore the vast range of titles available.

Discover the secrets of trading the Chinese markets with American Depository Receipts Introducing a new way to make virtually risk-free profits, Trading the China Market with American Depository Receipts teaches readers how to successfully trade U.S. listed American Depository Receipts (ADRs) of Chinese stocks . . . by using information that comes to light outside of Asian trading hours, but while the U.S. markets are still open. Filled with successful strategies for profitable trading made possible by interpreting business news to buy or short China ADRs before the information impacts those markets the next day, the book walks readers through this incredible opportunity step-by-step. Filled with case studies that show the success of the strategies outlined, the book explains where to look for price-moving information. Aimed at investors of all types who have access to a brokerage account that can trade U.S. securities—including online brokers—Trading the China Market with American Depository Receipts is the ultimate guide to making money from China in your own backyard. Explains incredible new strategies for trading U.S. listed ADRs of Chinese stocks using information released after the Asian markets have closed for the day Includes case studies that clearly show how this strategy has worked and continues to work Features lists of relevant underlying shares and their corresponding ADRs A low-risk strategy for profiting from foreign markets, Trading the China Market with American Depository Receipts shows how to use the U.S.-China time difference for profit.

pt. 1. An introduction to American depository receipts -- pt. 2. ADR case studies

Assessment of the impact of metro systems on housing prices is important for financing transport infrastructure via value capture. This paper provides evidence for this relationship, focusing particularly on the effects of metro services, and uses the large city of Beijing, China, as a case study. A spatial error model was applied to 2835 samples of online property sales data obtained in January 2016. Three transport service indicators associated with metro transfers and waiting times were explored: (1) metro headway, (2) access to different metro lines and (3) accessibility to employment opportunities. The results show that areas with more employment opportunities via public transit have higher housing prices than other areas. Shorter metro headways are positively related to housing prices near stations. Housing prices for neighborhoods having access to more than one metro line within 800 m-buffer area are higher than those without access to metro lines, controlling for number of accessible jobs within 30 min. This study sheds light on the importance of metro services on housing prices. It has implications for further research and for the planning policies of metro-dependent cities.

The outbreak of COVID-19 in 2020 resulted in notable disruptions to global shipping and the global economy. As a key indicator influenced by supply and demand conditions in the shipping industry, the Baltic Dry Index (BDI) serves as an early economic indicator for global economic production. Contrary to expectations of decline, the BDI has exhibited a substantial increase. This research paper aims to investigate the impact of the COVID-19 pandemic on global shipping through a comprehensive analysis of the BDI. The study incorporates data spanning from 2019 to 2021, encompassing the pre- and post-pandemic periods. It examines 13 independent variables, including raw material prices (such as iron ore prices), international scrap steel prices, energy prices, stock market indexes, international commodity price volatility (as represented by the Commodity Research Bureau Index), global port calls, and confirmed COVID-19 cases. The primary objective is to explore the factors influencing the BDI and how they were affected by the pandemic. The study employs stepwise regression to select variables and build models before and after the pandemic. The findings of this study elucidate the prominent factors that influence the BDI in different temporal contexts. Before the outbreak, the BDI was notably impacted by variables, including the US Dollar Index (positive relationship), Brent, Port Calls, and CRB Index. However, a discernible shift in the relative significance of these factors has been observed in the post-pandemic period. Specifically, the US Dollar Index now exhibits a negative relationship with the BDI, whereas variables such as Port Calls, Iron Price, Steel Scrap Price, and confirmed COVID-19 cases had attained heightened prominence in shaping the dynamics of the freight index. These findings underscored the dynamic nature of the factors influencing the BDI, particularly in light of the unique circumstances brought about by the COVID-19 pandemic.

Purpose - This study examines the impact of regional economic integration (REI) on stock market linkages in the BRICS (Brazil, Russia, India, China and South Africa) economic bloc. In this type of study, the BRICS framework is an appealing empirical case, given its uncommon characteristics. For example, BRICS member states come from remote geographic locations (Africa, Asia, Europe and South America) and have contrasting socioeconomic profiles. Design/methodology/approach An empirical design is framed from the perspective of bilateral trade between South Africa and BRIC. The author accepts trade intensity as a proxy of regional economic integration and then examines the resulting effect on the stock market co-movement within BRIC. The study applies a two-step econometric procedure of the BEKK-MGARCH and panel data models. Findings Overall, bilateral trade, as a proxy of economic inwctegration, is associated with an increase in stock market integration. This positive relationship is particularly observed during episodes of surplus trade, and more interestingly, was initiated three years after BRICS' existence and continues to grow at an increasing rate. Practical implications The study outcome should benefit international trade practitioners and global investors interested in portfolio diversification or concerned with risk spillovers. Originality/value First, notwithstanding South Africa's significant economic presence in the African continent, to the best of the author's knowledge, this is the first study to empirically evaluate the BRICS economic integration on their stock market linkages from the perspective of South Africa. The value of this contribution is that further work may investigate the bidirectional spillover impact conveyed by South Africa's trade interactions within the juxtaposition of Africa and BRICS economies. Second, given that research on REI and stock market integration has historically concentrated on mature regional blocs of Europe, Asia, South and North America, the current study advances knowledge while correcting the prevailing literature imbalance.

Campaign-style environmental enforcement that involves the destruction of infrastructure has become increasingly common. Scholars have theorized such crackdowns as a form of bureaucratic control. These explanations are compelling, yet incomplete. This paper adopts an infrastructural lens to call attention to the fact of infrastructural demolition. I argue that the reduction of existing infrastructure to rubble is a way of clearing space for other kinds of infrastructure, specifically natural infrastructure, which has become central in the pursuit of ecological civilization. The creation of natural infrastructure requires calculative tools, which work to obscure the profoundly political nature of the natural infrastructure that they create through spatial zoning, ecological functional zoning and ecological conservation red lines (ECRLs). The article then scales down to two case studies of villages in post-earthquake Sichuan that are within ECRLs and designated for the function of providing ecosystem services. In both, infrastructure within scenic areas that was previously encouraged by the state and central to village livelihoods was suddenly destroyed following ecological civilization enforcement campaigns. The arrival of natural infrastructure marks a national-scale infrastructural time that promises a new future in which village-controlled scenic areas have no part, leading to a ruination of their imagined futures.

Modifications in land use patterns exert profound influences on the configuration, arrangement, and functioning of terrestrial ecosystems, thereby inducing fluctuations in carbon sequestration. Consequently, precise ecological decision-making and an in-depth exploration of the interplay between land use alterations and carbon storage dynamics assume paramount importance in the pursuit of optimal regional land use configurations. In this investigation, we employed the InVEST model to analyze the spatiotemporal variations in land utilization and carbon storage in Hunan Province, based on comprehensive land use data spanning the period from 2000 to 2020. Additionally, the PLUS model was utilized to project the future spatial distribution of carbon storage in Hunan Province until 2040, encompassing diverse development scenarios. The findings of our study are as follows: (1) Land use changes instantaneously impact carbon storage within the study area. From 2000 to 2020, urban construction land witnessed an expansion of 3542 km2, which accounted for an increase from 1.13% to 2.78% of the total land area. Consequently, there was a decline in arable land, woodlands, and grasslands, resulting in a reduction of 3430.25 tons of carbon storage in Hunan Province. (2) The ecological protection scenario is projected to yield the most substantial increase in carbon storage, with an estimated magnitude of 7.02 × 10⁶ tons by the year 2040. According to the natural evolution scenario, the total amount of carbon storage is anticipated to remain similar to that of 2020, with a marginal increase of 2.81 × 10⁵ tons. Under the arable land protection scenario, carbon storage is predicted to decrease by 1.060 × 10⁷ tons. Conversely, the urban development scenario is expected to result in the most substantial reduction of 2.243 × 10⁷ tons of carbon storage. These findings underscore the efficacy of adopting ecological protection and natural development policies in curbing the decline in carbon storage. (3) The geographic distribution of carbon storage areas exhibits a strong correspondence with that of land use. Regions characterized by elevated carbon storage levels exhibit minimal urban construction land, an abundance of compact and contiguous ecological land, and a higher frequency of such land parcels. To enhance regional carbon storage levels and achieve sustainable development goals, future endeavors should prioritize the implementation of ecological protection and natural development policies.

Large-scale urban development projects have become the main vehicle by which targeted interventions for place- and scale-specific state initiatives unfold, triggering a series of processes that are associated with the rescaling of state space. This study aims to understand the place-specific conditions, pathways and strategies whereby states’ spatial and scalar restructuring takes place in urban development projects (UDPs) within China’s political economic contexts, and in turn how UDPs act as critical lenses for viewing the changing nature of state spatial strategy in China, through a case study of the Lingang New Town in Shanghai. The major findings are: UDPs in China function as tools not just for land value extraction but also for scale-making to cater to the state’s pursuits of place-specific competitiveness in the global economy; the restructuring of the state apparatus and regulatory frameworks is driven by place-specific tensions and crises triggered by earlier rounds of state rescaling; the state chose state-agents rather than market-agents to reinforce its power, and thus the state space expands through development of UDPs; through developing UDPs, China’s spatial strategies have explicitly and officially engaged with the discourse of globalisation while implicitly engaging with geographically variegated practices of neoliberalisation. At the theoretical level, this article facilitates an investigation of how China’s state spatial strategy, characterised by geographically and chronologically variegated engagement with neoliberalism, is actualised through UDPs. It also demonstrates how, despite being a socialist polity, pragmatic market measures and downscaling are taken as transient measures in times of need. 大规模的城市发展项目已成为针对特定地点和规模的国家计划进行有针对性的干预的主要手段，从而引发了一系列与国家空间调整相关的过程。通过上海临港新城的案例研究，本研究旨在了解特定地点的某些条件、途径和策略，这些条件、途径和策略构成了在中国的政治经济背景下在城市发展项目（UDP）中进行国家空间和标量重组的媒介。在此基础上，本研究探讨如何将UDP作为一个关键透镜，用来观察不断变化的中国国家空间战略的面貌。主要结论是：中国的UDP不仅是土地价值提取的工具，而且是规模发展的工具，可以满足国家对全球经济中特定地点竞争力的追求。国家机构和监管框架的重组是由前几轮国家规模调整引发的特定地区的紧张局势和危机驱动的；国家选择了国家机器而不是市场力量来增强其权力，因此国家空间通过UDP的开发来扩展。通过开发UDP，中国的空间战略已明确并正式参与了全球化的讨论，同时隐含了新自由主义在地理上多样化的实践。在理论层面，本文有助于研究以地理和时间上多样化参与新自由主义为特征的中国国家空间战略如何通过UDP得以实现。它还表明，尽管中国是社会主义政体，但务实的市场措施和降尺度措施如何作为临时措施在需要时被采用。

For decades in China, carbon neutrality policies have spurred the establishment of northern margin mangroves as artificial blue carbon ecosystems. However, there has been limited research on the impact of plantation and invasion on the stocks and sources of soil carbon and nitrogen in rehabilitated coastal wetlands. Non-native Kandelia obovata afforestation began on Ximen Island, Zhejiang, China, where Spartina alterniflora invasion had also occurred decades ago. Soil cores were collected from both mangrove and salt marsh habitats with depths from 0 to 50 cm and were analyzed for total carbon (TC), soil organic carbon (SOC), total nitrogen (TN), and the isotope of carbon and nitrogen in sediments. The results indicated that there were no significant differences in the TC, SOC, and C/N ratio between the K. obovata and the S. alterniflora, but there were significant differences in TN, isotope δ[sup.13]C, and δ[sup.15]N. The SOC content of both ecosystems in the 0–20 cm layer was significantly higher than that in the 30–50 cm layer. Our study has shown that the main sources of carbon and nitrogen for mangroves and salt marshes are different, especially under the impact of external factors, such as tidal waves and aquaculture. These findings provide insight into the ecological functioning of subtropical coastal wetlands and an understanding of the biogeochemical cycles of northern margin mangrove ecosystems.