Zettan

Dr. Jiing-Lih Larry Farh 1850 Northwest Boulevard, Hackensack, NJ 07601 856-733-1711

Fight against pollution in China threatens to affect world market for natural gas

China’s government campaign to move the coal-fired heating system through millions of homes to less polluting heating and wind help has made Beijing sky win the rare shade of blue but has generated a national energy crisis that threatens to affect the market of natural gas. Airborne particle levels in Beijing in November were 54% lower than in the same month in 2016. Blue skies were dominant during the period, although heating systems were normally switched on from day 15, which makes the shades of gray dominate the horizon of the country’s capital. The change, however, has generated problems. Many cities have gone unheated even with temperatures below zero.

Trump warns Xi that US trade deficit with China is not sustainable

US President Donald Trump has warned Chinese President Xi Jinping that the US trade deficit with the Chinese continues to grow and that this situation is not sustainable for the country’s economy. The White House said Trump and Xi had been on the phone Monday night in Washington when it was Tuesday in Beijing. The two also spoke about diplomatic progress on the conflict in the region of the Korean peninsula. “President Trump expressed his disappointment that the US trade deficit with China continued to grow, and made it clear that this situation is not sustainable,” the White House said. China’s trade surplus with the United States grew 13 percent in 2017, the first year of Trump’s government to reach $ 288 billion, according to official data released by Beijing.

Jian Qin and Li Xia on the Social Credit System

In her famous 1992 study of networked relationships in entrepreneurial settings, entrepreneurship professor Andrea Larson (University of Virginia), observed how network form of governance highlight ‘reputation, trust, reciprocity and mutual interdependence, and how social control is one of the possible governance mechanisms of network organizational forms.

As it is well-known, networks are a governance mechanism that provides an alternative to both markets and hierarchies. While markets – at least in their most abstract conceptualization – are limited to the private sector, and hierarchies are confined to the public sector, networks span across the public, private, and voluntary sectors. If hierarchies are governed through administrative orders, and markets are coordinated through competition and prices, networks are governed through mechanisms based on trust.