The 21st Annual Conference of the Association
for Chinese Economic Studies Australia (ACESA)
China in the post WTO environment: bilateral
financial flows and investment strategies
Program
Building 108, Level 8
239 Bourke Street, Melbourne
RMIT University
Australia
Day 1 (Wednesday, 15 July 2009)
8:30-9:00 Registration
9:00-9:15 Opening Session
Chair: Professor Tony Naughton, Head of School of Economics, Finance & Marketing, RMIT
University
Opening Address:
Professor On Kit Tam, Deputy PVC, Business International, RMIT University
Professor Zhangyue Zhou, President of ACESA
9:15-10:00 Plenary Session 1: Keynote Speech
Chair: Professor Peter Sheldrake
From Policy-Driven Opening to Institutional Opening
Professor Zhang Youwen, Director of the Institute of World Economy, Shanghai Academy of
Social Sciences
10:00-10:20 Morning Tea
10:20-11:30 Concurrent Sessions
Concurrent Session 1: Agricultural and rural development
Chair: James Xiaohe Zhang
An Agro-Economic Model to Analyse Climate Change Impacts on Farmers’ Income
Qiang Jiang, Australian National University
Impact of Population Aging on Income Inequality in the Developing Country: Evidence from Rural
China
Hai Zhong, Central University of Finance and Economics
Why Do Farmers Quit from Grain Production in China: Causes and Implications
Yanrui Wu, University of Western Australia
Xiaohui Zhang, Ministry of Agriculture (China)
Zhangyue Zhou, James Cook University
Concurrent Session 2: Public sector reform and corporate governance
Chair: KB Oh
The Ownership and Ownership Concentration? The Impact on the Performance of China’s Listed
Firms
Shiguang Ma, University of Wollongong
Tony Naughton, RMIT University
Gary Tian, University of Wollongong
Managerial ownership, Capital Structure and Firm Value: Evidence from China’s Civilian-Run
Firms
Wenjuan Ruan, University of Wollongong
Gary Tian, University of Wollongong
Shiguang Ma, University of Wollongong
Related Lending：Evidence of Tunneling and Propping in China
Fei Guo, Curtin University of Technology
Shiguang Ma, University of Wollongong
11:40-12:50 Concurrent Sessions
Concurrent Session 3: Economic growth and social harmony
Chair: Hai Zhong
Reducing Regional Disparities in China: An Evaluation of Alternative Policies
Anping Chen, Jinan University
Nicolaas Groenewold, University of Western Australia
Health Investment and Economic Growth in China: A Time-Series Analysis of Public-Private Role
Gang Chen, Monash University
Gordon G. Liu, Peking University
Policy Analysis of Energy‐related Environmental Pollution in China
Yan Yang, Australian National University
Warwick McKibbin, Australian National University
Concurrent Session 4: Aspects in monetary and external economics
Chair: Xin Liu
The Causes of China’s Surging Trade Surplus after RMB Appreciation
James Xiaohe Zhang, University of Newcastle
China’s Outward FDI and Chinese SOEs’ Strategies for Cross-border M&A
Sixin Sheng, UNSW
Managing China’s Exchange Reserves Accumulation: Is the PBC Bill an Effective Instrument of
Sterilisation?
Lilai Xu, RMIT University
KB Oh, La Trobe University
12:50-14:00 Lunch
14:00-15:10 Concurrent Sessions
Concurrent Session 5: China’s economic growth and global economic crisis
Chair: Larry Li
The Impact of the Global Financial and Economic Crisis on FDI Inflow into China
Chunlai Chen, The Australian National University
How does China Sustain its Labour Intensive Industries
Qu Yue, China Academy of Social Sciences
Moving towards low-carbon economic growth
Jinjun Sue, Nagova University
Concurrent Session 6: Stock market and efficiency of capital
Chair: Hongbo Liu
Is a Superpower More Important than a Neighbour? -- An Application to China’s Stock Market
Yi Zheng, Southwestern University of Finance and Economics
Cross-listing, Corporate Governance, and Firm Performance An Empirical Test on Bonding
Hypothesis
Lixian Liu, RMIT University
Tony Naughton, RMIT University
Investment Efficiency and Its Determinants in China’s Regional Economies
Yanrui Wu, University of Western Australia
15:10-15:30 Afternoon Tea
15:30-16:40 Concurrent Sessions
Concurrent Session 7: FDI and investment environment
Chair: James Laurenceson
Impact of Foreign Entry on China’s Banking System: Foreign Strategic Investment
Ying Xu, Australian National University
Fair Value Accounting and Chinese Capital Markets
Ying Zhang, University of Wollongong
Jane Andrew, University of Wollongong
Kathleen Rudkin, University of Wollongong
An Analysis on Cross-Border Tax Competition and Distribution: Mixed-Strategy Games Initiated
by a Chinese Border Case Study
Xin Liu, Chongqing University
Concurrent Session 8: Innovation, venturing and marketing
Chair: Yi Zheng
Rethinking Innovation - Learning and Doing
Peter Sheldrake, RMIT University
Institutional Barriers in Developing the Real Estate Investment Trusts (REITs) in China
Beibei Zhang, China Merchants Group
Have You Eaten Yet? China’s Changing Household Income and Savings Profile: Implications for
the Marketing of Financial Services
Xuebin Chen, Fudan University
KB Oh, La Trobe University
Geoffrey R. Durden, La Trobe University
16:50-17:40 Plenary Session 2: Discussion Panel (Audience Questions)
Chair: Yanrui Wu
Panel:
Wing Thye Woo, Brookings Institution & University of California (Davis)
Chen Ping, Peking University
Yiping Huang, Peking University
Ligang Song, The Australian National University
19:00-21:00 Conference Dinner
Cristal Jade Restaurant, corner of Little Bourke St. and Russell St. Melbourne
Day 2 (Thursday, 16 July 2009)
9:15-10:25 Concurrent Sessions
Concurrent Session 9: Urban economy and sustainable development
Chair: Lilai Xu
Sustainable Transportation Planning: A Tool and Policy Impact Assessment
Jianling Li & Steven Mattingly, University of Texas
FAFH Meat Consumption in China: An Empirical Study
Hongbo Liu, James Cook University
Alternative Pension Paradigm in China’s Economic Development: Efficient and Equity Issue
Xin Yi, UNSW
John Piggott, UNSW
Peter Robertson, UNSW
Concurrent Session 10: Aspects in economics theory
Chair: Niclaas Groenewold
Geographical Proximity and FDI Spillovers: Chinese Evidence
Sizhong Sun, James Cook University
China’s Output Growth Volatility – How Important is the Business Cycle?
James Laurenceson, University of Queensland
Danielle Rodgers, University of Queensland
Richard Bean, University of Queensland
China’s Great Moderation: Output Growth Volatility and Its Effects on Mean Output Growth
James Laurenceson, University of Queensland
Danielle Rodgers, University of Queensland
Richard Bean, University of Queensland
10:25-10:40 Morning Tea
10:40-11:50 Plenary Session 3: Integration of China in the world economy
Chair: Chunlai Chen
Has Australia Become a Sino-Economy?
James Laurenceson, University of Queensland
Kam Ki Tang, University of Queensland
Linkages between Exchange Rate, Stock Market, and Trade Balance: Empirical Evidence from
China-Australia Bilateral Trade
Xin Gu, James Cook University
A.B.M. Rabiul Alam Beg, James Cook University
Fluctuations of Prices in the World Grain Market: Policy Responses by the Chinese Government
Weiming Tia, China Agricultural University
Zhangyue Zhou, James Cook Univ ersity
11:50-12:00 Journal/Book Presentation
12:00-12:10 Closing Session
12:10-12:25 ACESA General Meeting
12:25-13:25 Lunch
13:30-17:30 Networking and Guided Sightseeing
19:00-21:00 Dinner
At Crown Conservative Restaurant, Level 1, Crown Towers
8 Whiteman St., Southbank, Melbourne
Day 3 (Friday, 17 July)
8:00-21:00 Networking and Guided Tour – Great Ocean Road