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The purposes of this paper is to propose a customer returns model in a dual-channel supply chain where a customer can return the purchased product to the retailer or the manufacturer and obtain an equilibrium of selling prices and refund prices and the optimal profit when considering customer returns in the centralized and decentralized dual-channel supply chain.

This paper mainly uses the game theory technique to analyze the problem. The manufacturer and the retailer are vertically integrated in the traditional channel, and the results of the centralized dual-channel supply chain are obtained. Then, the Stackelberg game was adopted to analyze the decentralized dual-channel supply chain. Finally, the detailed numerical simulation is proposed to obtain straight-forward insights for the industrial managers.

The mathematic analysis used shows that the main findings of this paper are: in the centralized scenario, the retailer and the manufacturer will charge higher selling prices when they offer return policy, and the demand for each channel increases, which results in higher profit; and the price and refund price of the direct channel in the centralized and decentralized dual-channel are the same, respectively.

Most previous literatures highlight that return policy plays an important role in supply chain which considering one channel. But there is no study on the customer return policy in dual-channel supply chain. This paper is a further step to model the effects of customer returns policy on the pricing policy and optimize the profits in a dual-channel supply chain. This paper analyzes the pricing and refund strategies and gets an equilibrium in the centralized and decentralized dual-channel supply chain scenarios.

This paper aims to unravel the technological innovation pattern in China’s aerospace industry. The technological innovation pattern of China’s aerospace industry is identified and its theoretical foundation, structure, philosophy, formation and effects on the development of China’s aerospace industry are explored.

First, the theoretical foundation of synergy innovation of China’s aerospace industry is reviewed to further identify the technological innovation pattern. Second, Chinese ancient philosophy (dialectical thinking) is used to explain the structure and process of synergy innovation in China’s aerospace industry. Third, the formation process of synergy innovation is introduced, and, finally, the effects of synergy innovation are discussed.

The technological innovation pattern of China’s aerospace industry has undergone an evolutionary process. During this process, China’s aerospace firms have formed a unique technological innovation pattern, synergy innovation, under China’s special political and economic background. The synergy innovation has three characteristics, including original, integrated and application-based. The synergy innovation pattern application is one of the most important reasons behind the great achievements of China’s aerospace industry.

A unique technological innovation pattern, synergy innovation, is proposed for the first time. A new perspective for understanding innovation is provided by applying the Chinese dialectical thinking to decipher the philosophy of the technological innovation pattern. Based on this, this paper suggests that China’s aerospace industry should follow the situation and apply the synergy innovation pattern to achieve development and growth. This paper also illustrates a multi-method approach and emphasizes the different levels of organizing for innovation.

The relationship between government and market is the key to the economic development performance of market economy countries. Due to the limits such as the state/market dichotomy, the focus on static allocation efficiency and the ignorance of the diversity of the market economy and the relationship between government and market, economic liberalism and state interventionism can hardly position and explain the role and evolution of government and market in the real world accurately.

China’s economic transition has always adhered to the reform direction of the socialist market economy and the development goal of a modern socialist country as well as the symbiosis and positive and progressive evolution of government and market, blazing a “third way” in handling the relationship between government and market.

The “China’s experience” shows that the key for emerging market economies to achieve good economic development performance lies in whether they can build a new relationship of the mutual integration between and common prosperity of government and market regarding target selection, production organisation, technological innovation, institutional change and regulatory adjustment.

The second part of this paper analyses the inherent defects of economic liberalism and state interventionism as well as the reasons why they can hardly be adopted as the theoretical guidance for emerging market economies to handle the relationship between government and market. The third part analyses how China has transcended the inherent thinking of liberalism and interventionism and shaped the new relationship between government and market through goal-oriented, active and progressive, two-way interactive exploration and practice to ensure the success of China's economic transition.