Table of Content

15 November 2022, Volume 39 Issue 6

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Independent Theoretical Innovation of New Structural Economics Against the Context of the Major Changes Unseen in a Century

2022, 39(6):  1-12. 

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 “The world today is undergoing major changes unseen in a century.” We should understand this critical statement from the evolution of world economic dynamics and get to realize that China’s continuing rapid development is indispensable for a new, stable and peaceful world structure yet to be established. To judge China’s future growth potential, the most important gauge is not the absolute income level, but the gap between the per capita GDP of developing countries and that of developed countries. From this indicator, the advantage and potential of China as a latecomer is still great. The major changes unseen in a century have presented China important opportunities to form independent innovation on economic theories. When putting forward the new theory, we should return to Adam Smith’s method of studying problems, as the title of his book suggests—An Inquiry into the Nature and Causes of the Wealth of Nations. To develop the economy, we must rely on technological innovation and industrial upgrading, which is further determined by factor endowment. New Structural Economics starts from factor endowment structure of a country at a certain point of time or varying with the time, aiming to reveal its endogenous economic structure, distortion and operation. New Structural Economics introduces structure into the analysis of modern economics, which is actually a structural revolution of modern economics, bringing new insights not only into development economics and transition economics, but also into various sub-fields of mainstream economics that have a bearing on economic operation. These new insights are opportunities for theoretical innovation.


Digital Inclusive Finance, Digital Divide and Common Prosperity—A Perspective of New Structural Economics

2022, 39(6):  2-31. 

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Vigorous development of inclusive finance is an inevitable requirement for building China into a moderately prosperous society in all respects, which can promote social equity and common prosperity. Using data from the 2018 China Family Panel Studies (CFPS), this paper constructs a household common prosperity index from both material and spiritual dimensions. The study shows that digital inclusive finance significantly increases the level of household common prosperity, promoting residents’ material and spiritual affluence, especially material affluence; digital inclusive finance can promote residents’ common prosperity by upgrading household consumption and boosting economic vitality, while the digital divide weakens the influence of digital inclusive finance on common prosperity; from the perspective of new structural economics, the development of digital inclusive finance has a positive U-shaped relationship with common prosperity, and the increased penetration of digital inclusive finance can achieve better results in less economically developed and educationally disadvantaged areas.



A Voice That Is Not Mine: Terror and the Mythology of the Technological Voice

2022, 39(6):  32-40. 

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Taking Films by Roberto Rossellini, Fritz Lang and others as examples, the paper mainly discusses the mythology and ideology derived from the technology-mediated voices in the first half the 20th century. Technological products such as wireless and radio detached voices from their sources, not only creating temporal and spatial environments never seen before, but also breaking the borders between human subjects and objects. This disembodied technological voice  thus became a sharp weapon manipulating human heart and human body in the fascist media theories.  



From “Chinese Film Conventions” to “Film Forms with Chinese Traits”—Revisiting the Nationalization of Film Language from the Perspective of Practical Poetics#br#

2022, 39(6):  41-54. 

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In recent years,  with the academic boom of establishing Chinese schools of film studies, voices advocating the “linguistic turn” of the nationalization of Chinese film studies have arisen, putting forward the notion of “Chinese film convention” represented by such concepts as the primary and secondary shot/reverse shot, cross the line, the “subject/object” composition, which bear the evaluation (anti-addiction) function. From the perspective of practical poetics and the China-West comparative perspective, “film convention” is seriously defective in terms of heterogeneity and unconvincing in terms of  consciousness and group application. Still more importantly,  it loses its “Chinese traits” in expressions. Therefore, we should distinguish Chinese and western film aesthetics from the perspective of cultural essence instead of the functional perspective of addiction/anti-addiction or evaluation/non-evaluation, and construct a nationalized film form, or in other words, “film forms with Chinese traits”.



Medical Humanities: Bridges Linking Science and Humanities

2022, 39(6):  55-66. 

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 Although medicine and humanities belong to two completely different disciplines, they cannot be completely separated from each other. In recent years, medical humanities, which have risen from the Western academic circles, are an interdisciplinary field in which the boundaries of disciplines cross, permeate and blend with each other. As the name implies, medical humanities not only reflect on the humanities from the perspective of medicine, but also examine medical phenomena and human health from the perspective of the humanities. The medical humanities therefore encompass history, philosophy, bioethics as well as social and behavioral sciences with strong humanistic traditions. To us humanists, or rather, scholars of literature, we do not aim to discover new medical methods to ensure the survival of the human race, but to sum up the law of human evolution and development through the records of historical events in literature, so as to make the cold medical treatment with emotional warmth and humanistic concern. The marriage of medicine and humanities is also embodied in the career of some writers and their descriptions of characters. In the current fight against COVID-19, calling for a human concern may be an aid to healing patients.



Medical Novels in the Late Qing Dynasty and Early Republic of China in Relation to the Modern Transformation of China’s Medicine 

2022, 39(6):  67-77. 

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 During the period of the late Qing Dynasty and early Republic of China, medical novels distributed in commercial newspapers, medical special issues and literary journals stood out as unique literary genres given the context of “the spreading of western medicine to the East”. Different from those traditional medical writings that conveyed symbolic connotation of medicine, medical novels during this period abandoned the “metaphorical” tradition, and returned to the pure medical theme with a purpose of advocating science and change, and then facilitating the establishment of modern medicine in China. Therefore, they were highly “instrumental” with distinct characteristics of the times. Viewing from the interaction between literature and medicine, we can find that the medical novels in the late Qing Dynasty and the early Republic of China achieved emotional mobilization, knowledge production and broad consensus by various means such as exposing and criticizing the shortcomings of the medical community at the time, popularizing bacteriological knowledge with the joint efforts of the media and describing a beautiful Utopian world. As a result, these novels constructed a set of modern medical discourse quite different from the traditional narrative, and facilitated the modern transformation of Chinese medicine to a certain extent.




A Developing Habit of Corporate Governance?

2022, 39(6):  77-93. 

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Compliance management embedded in corporate governance has become a universal constraint applicable to all companies. However, there are two problems: the externality of compliance management norms and the incompatibility between compliance management norms and corporate governance according to the law. There are limited ways in which compliance management norms of public law and the compliance management norms of neither public nor private laws are effectively applicable to corporate governance. Civil and commercial habit mechanism is an effective way for company law to respond to the increasing trend of compliance management. Therefore, the private law effect and its realization mechanism should be used to promote the transformation from regulatory rules of compliance management to corporate governance habits. After the transformation, referees should pay attention to different types of organizational habits of corporate compliance management, such as rules obedience, institutional setup and authority allocation, the power exercise procedures by internal institutional authority and adaptive transformation of compliance management system.



The Judicial Dilemma of Defining Private Information and Its Solution

2022, 39(6):  94-108. 

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The Civil Code of the People’s Republic of China does not clarify the relationship between privacy and personal information in the application of the law of private information, leading to the judicial dilemma that although courts follow a grafting path from unitary protection to  dual distinction in adjudications, they fail to break away from the traditional priori distribution paradigm in defining private information. Be it “private verse public” situational interpretation or “private verse non-private” content interpretation, the definition of private information is still confined to subjective prejudgment and thus a circular definition, which reflects the failure of traditional privacy theories. The theoretical evolution and legal practice of the adjustment of information privacy rights in the United States show that mainstream views have shifted to a more flexible contextual integrity theory, preferring a dynamic definition, which can better adapt to the value needs of information flow. In view of this, Chinese law should take three steps to clarify the norms of information flow: determining the relationship between information participants, extracting common interests according to the context, and limiting the reasonable scope of information dissemination. With the three steps combined with ethical legality rules that rectify the existing norms, a substantial clarification of the connotation of private information is to be achieved.



Universal Jurisdiction in the Era of the Maritime Community with a Shared Future: New Challenges and Legal Countermeasures

2022, 39(6):  109-121. 

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In recent years, China has exercised universal jurisdiction over foreign IUU ships, like the case of F/S Andrey Dolgov. Since the fishing ship and the IUU conduct constituted no actual link to China, the authority had no choice but to make punishment in accordance with the universal jurisdiction. The failure of efficient implementation of international law reflects dilemmas of China’s Fisheries Law in three aspects: the application, the substantive and the procedural provisions. The traditional theory of the universal jurisdiction, however, cannot be utilized to combat IUU fishing any more. As a member of the maritime community, China shoulders unshirkable responsibility and obligations for reserving and protecting the biological diversity of the open sea and the “health” of ecological system. The notion of maritime community with a shared future clearly indicates the legal interest of the community as the object of universal jurisdiction protection, constitutes a new concept of obligation and limits the jurisdiction by the principle of respecting the sovereignty of the flag state, thus initiating the paradigm shift of the legal evolution of the universal jurisdiction. Meanwhile, it is necessary to construct universal jurisdiction system based on the notion of maritime community with a shared future from the entity and procedural dimensions. In this way, we can provide brand new theoretical support of international law and specific guidance, to pave the way for the amendment and improvement of domestic legislation.



The Impact of Target Price Subsidy Policy on Cotton Farmers’ Income: A “Counter-Factual” Analysis

2022, 39(6):  122-132. 

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Guaranteeing farmers’ income is an important target of China’s reform on the subsidy policy of the target price of cotton, which has been piloted in Xinjiang since April, 2014. Taking the subsidy policy as a natural experiment, the paper uses synthetic control method of policy evaluation to compare the differences between the actual and “counterfactual” value of cotton farmers’ income before and after the policy implementation and to evaluate the impact of the subsidy policy on cotton farmers’ income after the abolition of the storage policy. The study found that the target price subsidy prevented the decline of cotton farmers’ income after the storage policy abolition, and with the continuation and optimization of the subsidy policy, cotton farmers’ income maintained a steady increase, indicating an important role of the target price subsidy policy in ensuring cotton farmers’ income. It is essential that the government should further consolidate the target price subsidy policy in Xinjiang so as to retain farmers’ confidence in cotton planting and their income expectation. The policy can be extended to other advantageous cotton-producing areas in due time. Meanwhile, it is necessary to spread agricultural technologies and new cotton varieties with support, and encourage cotton farmers to raise their income by improving productivity.



The Interaction of Value Factors and Non-Value Factors: A New Possibility of Artwork Pricing Pattern

2022, 39(6):  133-146. 

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Artwork finance is an inevitable outcome of the development of artwork market. The valuation of art assets is the key to the process of artwork financialization, while the pricing pattern stands at the core of the valuation. Therefore, the establishment of China’s artwork pricing evaluation standards is an important prerequisite and foundation for the development of China’s artwork finance. The price of artwork is based on its value, but also affected by non-value factors. The value connotation structure is dynamic, consisting of physical, technical, historical, cultural and social value. Non-value factors include the macro environment, art commercial intermediaries, the influence of artists and artworks, and the subjectivity of buyers and evaluators. The twofold factors together constitute a group of elements that affect artwork pricing in which value factors are also affected by non-value factors. This unique interactive relationship provides a possible breakthrough for the establishment of artwork pricing standards.