Vol 7, No 2 (2019)
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6-21
Abstract
As one of the nine border provinces in the country, Heilongjiang Province has 2,981 kilometres of RussianRussian border and 25 national first-class ports. In the past five years, Heilongjiang Province, based on the prominent geographical position in the core of Northeast Asia, has actively promoted the national strategy of the Belt and Road Initiative, deepened on open cooperation with countries in the Northeast Asia, and focused on developing economic cooperation and trade with Russia while building a new pattern of openness to the outside world. This paper in detail elaborates the progress of Heilongjiang Province’s participation in the Belt and Road Initiative (BRI) in aspect of “five links” construction, namely, policy coordination, connectivity of infrastructure, unimpeded trade, financial integration and closer people-to-people ties, since the implementation of the Belt and Road Initiative in 2013, and further proposes feasible countermeasures.
22-31
Abstract
This article is specifically devoted to financial globalisation and financial crises in the early 21st century. Obviously, it is a topic everyone is interested in after the global financial crisis of 2008–2010, the worst global financial crisis since the Great Depression. Its effects are still felt across the world today. Both industrial and emerging countries still suffer from high unemployment. In some of them, GDP has not yet reached pre-crisis levels. And this global crisis — if it were not enough — was followed very quickly by the Eurozone’s sovereign debt crisis, which even though Ireland and now just recently Portugal have returned to private borrowing markets, is not resolved at all and is pretty much in remission but could come back. Lately, there have been concerns about emerging markets, including the BRICS, starting in 2016. There are various tremors in the emerging markets, capital outflows and currency depreciation. So, all over the world, one can see events that potentially cause questions about financial stability, which is an especially acute issue to look at.
32-36
Abstract
Construction sector involves a lot of counterparties and influence of the whole national economies. In one construction project (for example, business centre) involves a huge number of different companies — from extraction (elements for cement) to project management and design. And, as a consequence, the importance of the construction sector is not only related to its size but also its role in economic growth. There is evidence of the existence of a very strong relationship between construction activity and economic growth. Leaders of the global construction market — USA, China and the European Union. Partially, it depends on the national economy, but there is a list of additional points — management efficiency, construction technology, skills availability, and so on.
37-44
Abstract
In this article are discussed the most perspective cryptocurrency and blockchain projects that China is investing in. After the regulations regarding cryptocurrencies that is put forth by China, the Chinese government decided to create several financial bodies to regulate and develop the cryptocurrency. Despite the strict regulation of cryptocurrencies, China has been significantly investing in blockchain projects. China has developed the Digital Currency Research Institute (DCRI) of the People’s Bank of China — a research body under the aegis of PBOC that focuses on the research and development of digital currencies and blockchain-related technologies. China actively supports more than 40 platforms, mostly in such fields as AI, Deep Learning and Software. The Chinese government has shown a positive attitude towards blockchain technology. Blockchain and cryptocurrency come hand-in-hand (except a private chain where a token is unnecessary). In the nearest future, China plans to introduce a blockchain to the most different spheres. For this purpose, there will even double the volume of investment to 3 billion dollars, since the second quarter of 2018. “This technology can transform many spheres of our life. As soon as in the country pursue powerful technological policy, it is sure that even more companies will begin to work in the field of the blockchain” —the partner of the international consulting company PwC in Shanghai Chongg Chong Yin commented to journalists.
45-47
Abstract
In this article, the prospects and risks of the development of the Japanese cryptocurrencies are discussed. Japan has the most progressive regulating climate in the world for cryptocurrencies. The land of the rising sun is the homeland of a large base of investors of cryptocurrency and users. In 2018 Japan was the second or third largest economy in the world for bitcoin. Averages of the Japanese yen of 11 per cent of the global trading volume for BTC, keeping it a nostril in a nostril with South Korean won for global trade domination after the USA dollar. For the country only 127 million people of 11 per cent of the global trading volume — influence is more than usual size per capita on the crypto industry.
48-52
Abstract
In this article are discussed the main prospects of development of cryptocurrency in Singapore, as it is widespread and used all over the world. The article covers the main points for the regulation of the cryptocurrency. There is a wide range of cryptocurrency trading platforms, and most of them are located in different countries, which leads to significant differences in terms of regulation by the authorities and, accordingly, different rules for users and companies. Several exchanges allow trading derivatives. A more detailed review would give a correct impression of the current situation in the world in terms of regulation of cryptocurrencies and future trends. Cryptocurrencies continue their development; the number of users of cyber money is steadily growing. The popularity of bitcoin has generated the creation of other cryptocurrencies that are developing along with bitcoin, but their popularity and capabilities are much less. In some countries, including Russia, the government started warning people that investing in “cash” equivalents could lead to losses in case if there is a collapse of cryptocurrency (bitcoin).
53-56
Abstract
The construction sector is extremely conservative. However, nowadays, no one sphere of economic activity can exist without any changes or innovations. There are a lot of different perspective technologies and materials for construction. It is possible to say that the main aim of the innovations construction sector is working faster, cheaper and better. Each company should be interested in the faster construction process, because of decreasing payback period and lowering risks, associated with almost every project. Also, companies should be interested in a better quality of houses and other buildings, for it gives a lot of benefits — higher demand, a better reputation and so on.
ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)
ISSN 2311-0279 (Online)