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Table of Content

    15 May 2025, Volume 42 Issue 3
    On the Scope of Mandatory ESG Information Disclosure: A Case Study of Employee Protection Information
    WU Wenfang, SUN Jianlun
    2025, 42(3):  1-17. 
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    ESG information disclosure in China has gradually shifted from a voluntary system to a mandatory one. As an important issue requiring urgent discussion, the scope of mandatory disclosure of ESG information should no longer be confined to the vague expression of“localized  ransformation of mainstream standards.”Instead, it is necessary to explore the specific scope from the perspective of the legitimacy basis for mandatory disclosure. The legitimacy of mandating disclosure for employee protection information does not stem directly from stakeholder theory or the Sustainable Development Goals; rather, it lies in meeting the objectives set forth separately by labor law and securities law, both of which aim to protect the rights and interests of workers and investors. Accordingly, the obligation to disclose such information can be understood both as a derivative obligation of the statutory duty to protect workers’rights and interests and as an extension of the information disclosure obligations of listed companies. This not only reflects the need for a more socially integrated mechanism to fulfill legally required worker protections but also broadens and updates the connotations of listed companies’information disclosure obligations. For different types of enterprises, the breadth of disclosure regarding employee protection information varies according to their respective obligations.

    Correspondingly, the scope of disclosure should be limited by the statutory rights and interests of workers and an expanded materiality standard.

    The Anti-Monopoly Regulatory System for Predatory Acquisitions by Data-Driven Platforms
    CHENG Xuejun
    2025, 42(3):  18-36. 
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    Big data and other information technologies have propelled the rapid rise of data-driven platforms, spurring innovation within the platform economy. However, they have also led to the predatory acquisition of data-driven platforms. Theoretical analysis indicates that data-driven platforms have created anti-competitive effects such as disrupting market competition structures, stifling innovation, and harming consumer welfare through predatory acquisitions. A case-based analysis of classic domestic and international examples of anti-monopoly regulation reveals that the primary challenges in regulating these predatory acquisitions include unreasonable declaration standards, difficulties in defining relevant markets, and inadequate assessments of competitive damage. Therefore, to address the anti-monopoly regulation problems associated with predatory acquisitions of data-driven platforms and to promote the fair and orderly development of the platform economy, China can optimize the declaration standards for platform predatory acquisitions, refine methods of defining relevant markets, and strengthen the assessment of competitive damage from platform predatory acquisitions, thereby comprehensively establishing an anti-monopoly regulatory system for predatory acquisitions by data-driven platforms.

    The Science Fiction Implications of Borges’“Labyrinth”: Simulated Worlds of Dreams and Mirrors
    ZHOU Dongying
    2025, 42(3):  37-50. 
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    The“labyrinth”serves as a primary symbolic image in the magical literature of Jorge Luis Borges. By integrating elements of philosophy, mathematics, and linguistics, Borges transforms the labyrinth into an intellectual construct rather than a mere physical space. Frequently employing dreams and mirrors as methodologies, he creates an idealist labyrinth brimming with simulacra—essentially, a simulated world. Numerous science fiction authors and filmmakers, including Andrei Tarkovsky and Christopher Nolan, have drawn inspiration from Borges. His conception of the labyrinth may even foreshadow Jean Baudrillard’s notion of hyperreality and Nick Bostrom’s computer simulation theory. These theories, building upon Borges’ foundational concepts, explore how“simulation”shapes our understanding of ourselves and the world.

    Gender Discourses through the Lens of Body: The Construction of Female Images in Chinese Sports Cinema
    LI Pan , WANG Yuan
    2025, 42(3):  51-62. 
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    Chinese sports films, with a history spanning over a century, have portrayed a range of female images that not only reflect the social and historical contexts in which they emerged, but also demonstrate varying degrees of agency and subjectivity. In these cinematic representations, the female body constitutes a thematic thread laden with complex meanings. By examining relevant historical documents, one can discern the heterogeneity and complexity flowing beneath the surface of these portrayals, thus expanding and enriching our existing understanding of female representations in sports cinema. Throughout the historical trajectory in which the subjective consciousness of female images in sports films has evolved from nascence to maturity, the gender discourse centered on the body has maintained a dynamic tension with political discourse. This interplay has shaped a dialectical form of discourse unique to these representations.

    Revisiting Lingnan: The Image Construction of Lingnan Cinema Transcending Locality
    PENG Yuqing
    2025, 42(3):  63-72. 
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    Lingnan, to some extent,“transcends”the concept of“locality”and is more closely“bound”to ethnicity, nation, and the world. As a“mirror”of social reality, Lingnan cinema not only undertakes the visual documentation of the Lingnan region but also demonstrates image construction that“transcends”locality. The development of Lingnan cinema has experienced three periods: conscious exploration, the studio era, and industrialization, each presenting different characteristics. In its early phase, realism-themed films promoted social transformation; during the studio era, diverse film genres emerged, breaking regional limitations; and in the industrialization phase, regional cooperation was strengthened, leading to a shift in production models. By

    leveraging shared cultural symbols, Lingnan cinema has established an open and inclusive mechanism for cultural exchange, constructing a sense of national identity while narrating Chinese stories. Under the national strategy of the Guangdong-Hong Kong-Macao Greater Bay Area, Lingnan cinema has been entrusted with a new mission, serving as a vital medium for expressing national confidence and promoting Chinese culture globally.

    “Foreign Affairs Office of Literature”: The American Question of World Literature Studies in the 21st Century
    WEI Dingwen
    2025, 42(3):  73-83. 
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    Fredric Jameson’s metaphor of a“Foreign Affairs Office of Literature”critiques the inherent nationalism within comparative literature studies in the U.S.. The Twenty-first-century American comparative literature exhibits three dominant trends: a renewed focus on “world literature,” area studies, and interdisciplinary approaches.“World literature” represents an attempt to reclaim “literariness” while navigating the tension between literary criticism and cultural studies, incorporating aesthetic considerations within broader political analyses. Area studies, predominantly focused on the literatures of the Global South, frequently adopt postcolonial perspectives that foreground the“other,”often resulting in increasingly politicized scholarship within the polarized U. S. academic context. Interdisciplinary approaches emphasize comparative literature’s potential contributions to other fields. This disciplinary marginalization is exacerbated by a neoliberal ideology and the increasing corporatization of higher education in the U. S.. Jameson’s metaphor addresses a distinct“American question”within the domain of comparative literature studies, highlighting the significance of active participation in global intellectual exchanges to counter the imperialistic tendencies of academic dominance.

    The Aesthetic Significance of Readymades: Rethinking What Is Art
    ZHAO Qing
    2025, 42(3):  84-93. 
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    The relationship between readymades and contemporary art holds further interpretative significance. By examining the historical trajectory of readymades entering art history in various ways, Peter Bürger’s observation can be accepted: that the readymade experiments represented by Duchamp, through the production of concepts, challenged bourgeois autonomous aesthetic principles. However, this attack was later assimilated by the bourgeois art system. Yet, Bürger’s conclusion that once readymades become institutionalized, their ideological critique loses its effectiveness is questionable. Drawing on Boris Groys’art theory and analyzing the actual functional role of readymades within museums, one can observe that readymades, as an external force residing within the institution, prompt a certain self-reflective mechanism within museums. In turn, this preserves the politically critical potential of readymades while also driving the artistic system toward continuous innovation.

    Multidimensional Deconstruction and Reconstruction of the Cultural Image of International Chinese Textbooks
    JIN Shuaihu
    2025, 42(3):  94-106. 
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    Cultural image is a crucial pillar supporting a nation’s overall image. It arises from the abstraction and conceptualization of tangible cultural symbols and can be assessed through specific indicators. In international Chinese textbooks, the cultural image emerges from a complex  mechanism of formation and dissemination, which can be deconstructed using a“two-system, three-dimension, four-layer”analytical framework. The“two-system”component refers to the cultural content orientation system and the cultural presentation system. The“three-dimension”component corresponds to the spatial, temporal, and attribute aspects of cultural content orientation, while the“four-layer”addresses cultural presentation in terms of distribution, methods, emotional attitudes, and perspectives. In the new era, reshaping the cultural image in international Chinese textbooks requires adherence to three principles: emphasizing the breadth, depth, and density of cultural content selection and presentation; focusing on research paradigms that integrate multiple disciplines, methods, and modalities; and establishing a research perspective that aligns with specific audiences, goals, and content.

    Path Selection and Institutional Guarantees for the“Separation of Agency and Commerce”Model in the Construction of Data Trading
    Markets
    ZHANG Suhua, YIN Xiaokun
    2025, 42(3):  107-125. 
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    The construction of the data trading market in China faces challenges such as unclear functional positioning of data exchanges and insufficient cultivation of the data trading ecosystem, which restricts the development of on-site data transactions. The separation of functions between data exchanges and data merchants can address the issue of inactive on-site data transactions and help cultivate a data element circulation service ecosystem. Under the“Separation of Agency and Commerce”model, data trading venues should undertake public management functions. As legal entities directly under the National Data Administration, national-level exchanges are responsible for constructing a unified system of data circulation trading rules and technical standards, as well as providing compliance regulatory guidance. Meanwhile, regional data exchanges operate under the vertical management of national-level exchanges, taking into account regional practices to handle on-the-ground regulatory functions, such as organizing trading, reviewing data merchants and data product registrations, and transaction supervision. Data merchants should be marketoriented institutions engaged in various data value extraction activities along the data value chain, assuming market functions such as data development, data publication, transaction facilitation, and data capitalization. The implementation of the“Separation of Agency and Commerce”model also relies on the establishment of mechanisms for subject access, data product registration, information disclosure, and collaborative governance of data trading.

    The Optimal Ratio of the Financial Industry Value Added to GDP in the Context of Chinese Modernization
    LI Peng
    2025, 42(3):  126-143. 
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    Based on President Xi Jinping’s important discussions on Chinese modernization, a statistical indicator system for Chinese modernization has been constructed. A spatial autoregressive model is employed to analyze the impact of the ratio of financial industry value added to GDP on Chinese modernization from 2004 to 2022. The findings reveal that: (1) there is a significant inverted U-shaped curve relationship between the ratio of financial industry value added to GDP and Chinese modernization; (2) the optimal ratio of financial industry value added to GDP from 2004 to 2022 is 5.2%, while in the stage of high-quality economic development (after 2017), the optimal ratio increases to 5.5%. This indicates that maintaining a ratio of 5.5% for financial industry value added to GDP is most conducive to Chinese modernization during the high-quality economic development phase (after 2017). From the perspective of Chinese modernization, China should moderately reduce the ratio of financial industry value added to GDP.

    Examining Organizational Employees’Coping Strategies for Disruptive Information Technology: A Configuration Analysis Based on fsQCA
    JIN Xiaoling, SHANG Jingyue
    2025, 42(3):  144-160. 
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    The introduction of disruptive information technology into the workplace often triggers a broad spectrum of employee reactions, ranging from proactive engagement to avoidance responses. However, existing literature lacks a profound understanding of the antecedents underlying employee coping strategies, and research findings on this topic remain inconsistent. Based on the perspectives of coping theory and event system theory, a model of the impact mechanism of employees’coping strategies in the context of disruptive information technology has been constructed. Using fuzzy-set qualitative comparative analysis (fsQCA) on

    survey data from 336 workers at 163 universities, the empirical results show that, under disruptive information technology contexts, four types of configurations lead to high levels of proactive coping strategies, while three types of configurations result in high levels of avoidance strategies. Moreover, in different paths, certain factors either substitute for or complement one another. These findings not only provide a novel perspective on how organizational employees respond to disruptive information technology but also offer theoretical guidance for the successful implementation of organizational technological change and the design of optimization tools for technological platforms.