CONTENTS

China’s 40 Years of Economic Reform: Stage, Achievements and Historical Logic

ZHAOLingyunFENGBingbing(3)

Institutional Change of China’s Foreign Trade and Opening-up

YANGYanhongLUXianxiang(12)

Retrospect and Prospect of Local Fiscal Reform in China

WANGChaocai(21)

Four Decades of China’s Financial Risk Management

SONGQinghuaZHUJingran(26)

The Basic Characteristics of Xi Jinping Economic Thought on Socialism with Chinese Characteristics for a New Era

JIAHuize(38)

Xi Jinping Thought on Ecological Governance: The Theoretical Traits, Value Orientation and Formal Characters

WANJianlin(44)

The Influence of Party Organization Governance Participation on the Effectiveness of Internal Control: An Empirical Analysis Based on the State Owned Enterprises

WUQiushengWANGShaohua(50)

Can Trade Credit Help to De-Stocking?

WANGJieWUHaomin(59)

The Effective Tax Rate and TFP: An Inverted-U Ralationship

ZHUYufeiANLei(69)

Efficiency Evaluation of China’s Local Financial Expenditure: An Empirical Analysis Based on Three-Stage DEA

WANGJinxiuYUJingyuan(79)

Government Subsidies, R&D Investment and Total Factor Productivity of Enterprises: An Analysis Based on Gem Listed Companies

WANGWeiAIHua(88)

Topics and Trends on the Study of China’s Financial Liberalization Process

WANGNianyongZHANGLijuanSONGBo(97)

Measure and Spatial Effect of Financial Inclusion on Anti-poverty at China`s County Level

LVYongbinXIAOFan(105)

Field Investigation of the Fund Company: Information Mining or Brief Visit?

DONGYongqiSONGGuanghui(114)

The Impact of Economic Policy Uncertainty on Multiple-Product Firms’ Exports Adjustments

GUKejianCHENGNuoJIANGLingduo(123)

The Influencing Factors of Chinese Enterprises’ Import Frequency

WENGRunMAYeqing(132)

Discrimination against Rural Migrant Workers and Their Wage Diminish: New Evidence from the 2015 National Floating Population’s Dynamic Monitoring Survey

ZENGYongmingZHANGLiguo(141)

Does Agricultural Labor Migration Restrain Land Productivity?

QIUTongwei(151)