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In the spring of 1995, the Electronics Bureau of Shanghai [Shanghai Dianziju] changed its name to “Shanghai Electronics State-Owned Asset Management Company” [Shanghai dianzi guoyou zichan jingying gongsi]. As one official in the former Bureau explained, it had changed its name and its function: It was no longer set up to “govern” or “manage” [guan] Shanghai's electronics sector; instead it was now an asset management company whose function was to manage the assets of the firms that it owned.¹ At the time, the transformation seemed purely cosmetic. Calling itself an asset management company instead of a government bureau was one thing, but actually acting like an asset management company was quite another. Would firms under this former Bureau be any more productive as a result of the change? Would the work-life experiences of the people actually working in these firms change at all as a result?

Corporate reputation is a major concern for CEOs globally. In Asia it is increasingly being managed strategically at the highest corporate levels. A survey of C‐suite executives in Asia, North America and Europe by Hill & Knowlton and Korn/Ferry International finds, however, that Asian executives are more focused on using corporate reputation to drive tangible business benefit than their North American and European peers. Corporate social responsibility and the broader range of stakeholders beyond customers and shareholders does not feature strongly in the corporate reputation agenda of Asian executives. The survey results indicate Asian executives are more concerned with core stakeholders, such as customers and shareholders, and bottom‐line performance and corporate governance rather than softer areas of reputation management, such as community relations and internal communications. The time has come for Asian CEOs to take a broader perspective to corporate reputation management.

We discuss the ways in which the tensions between deregulation and bailouts create fundamentally inefficient markets. Although there is an appetite for the rhetoric of a laissez-fair economic system in the United States, we do not have the political will to operate such a system, as there are always cries for bailouts when a crisis emerges. And bailouts rob markets of the crucial ability to discipline capital for risky behavior. Using the case of China as an example, we argue that the post-Cold War conclusion that state ownership is fundamentally inefficient is premature. The key issue is not state versus private ownership per se but, rather, how well aligned the incentives are within a given system. Some of the economic models we find in reform-era China are actually better aligned and perhaps as transparent as their counterparts in the market economies of the capitalist West. Finally, because China is not caught up on the categorical assumption that private firms are efficient while state-owned firms are inefficient, the country has been able to be an institutional innovator in the area of public–private partnerships, leading to radical new corporate forms.

This paper aims to investigate the high-temperature mechanical properties of HS110S steel and its corrosion behaviors in harsh downhole environment.

In this work, mechanical property measurements were carried out from 25°C to 350°C and the scanning electron microscopy was used to observe the fracture morphology. The weight-loss measurements and surface characterization were used to evaluate the corrosion resistance of HS110S steel in harsh downhole environment.

Results show that the yield strength and tensile strength of HS110S steel at 350 °C are 779 and 861 MPa, respectively. Compared with room temperature, the reduction rate values are both less than 20%. At the high-temperature corrosion environment (350 °C), the static and dynamic corrosion rates are 0.9668 and 1.9236 mm/a, respectively. The generated corrosion products are mainly composed of FeSx, FeCO₃ and Fe₃O₄. Therefore, the HS110S steel applied under such conditions needs to take suitable protective measures.

In general, the HS110 steel has widely used in conventional development conditions (e.g. low H₂S or high CO₂ environments). However, to the best of the authors’ knowledge, no studies have reported on its application at more than 250°C. Therefore, this work can be a reference to the application of HS110S steel in high-temperature corrosion conditions.

Thiadiazole compounds and their derivatives have carrying capacity and good lubricating properties. However, their poor oil-solubility limited their wide usage in lubricating oil. The study aims to develop thiadiazole lubricant additives with better oil-solubility. When the hindered phenol antioxidation functional group and alkyl-chain are introduced to thiadiazole, the resulting product could have better oil-solubility and excellent antioxidation resistance, anti-wear and corrosion resistance in the lubricating oil.

One kind of thiadiazole lubricant additive, for the first time, has been synthesized from 2,5-dimercapto-1,3,4-thiadiazole. Its tribological performance has also been evaluated by four-ball test. And, its oxidation resistance has been estimated by rotating pressure vessel oxidation test and pressurized differential scanning calorimetry. The anticorrosion performance of such an additive has been studied by GB/T 5096 standard method test.

The synthesized thiadiazole additive has excellent anti-oxidation capability, good anti-wear and extreme pressure properties and good anticorrosion performance, in comparison with zinc dialkyl dithiophosphate (ZDDP). In base oils, the comprehensive performance of thiadiazole additive is comparable to ZDDP. Mechanistic studies indicate that the S and N active elements were involved in the formation of a boundary film. This may account for the formation of a composite membrane on the metal surface and thus for the tribological performance of such thiadiazole additives.

The thiadiazole derivatives, which are ashless and have environmentally friendly features, are a potential alternative to ZDDP. Because of the film formed on the friction surface, thiadiazole compounds may serve as an excellent anti-wear additive and are expected to reduce friction and wear between metals.

This paper aims to study the effect of chloride ions concentration on the corrosion behavior of carbon steel in methyldiethanolamine (MDEA) aqueous solution in the sight of different process parameters of purification plant.

Due to the decrease of filtration efficiency and separation efficiency, the chloride ion in the desulfurization solution is enriched. The corrosion behavior of carbon steel under chloride ion enrichment environment was studied by weight-loss method, electrochemical impedance spectroscopy, cyclic polarization curve, X-ray photoelectron spectroscopy and scanning electron microscopy.

The results show that temperature and hydrogen sulfide loads are the main factors of corrosion in CO2-MDEA-H2O-H2S environment. The enrichment of chloride ions reduces the corrosion rate at low temperature but promotes the corrosion rate at high temperature. The chloride concentration should be controlled below 3000 mg/L, and no pitting corrosion was found under the experimental conditions.

The effect of chloride ion enrichment on MDEA solution corrosion shows that at low temperature, the increase of chloride ion will reduce the acid gas load and increase the density of corrosion products, so as to reduce the corrosion; on the contrary, at high temperature, the density of corrosion products will decrease and the corrosion will be intensified as well. It is believed that the chloride ion should be controlled below 3000 mg/L according to the results of the tests.

The purpose of this paper is to solve the tubing corrosion problem of B Block on the Right Bank of Amu Darya river sour gas field.

By using four-point-bending method, the tubing’s ability to resist sulfide-stress cracking was tested. Simulating the wellbore corrosive environment, the corrosion inhibitor which was suitable for gas filed had been screened. According to the characteristic of Amu Darya river gas field, the corrosion monitor system had been designed.

From the feedback of wellbore corrosion monitor result, the corrosion rate was lower than 0.076 mm/a.

This anti-corrosion technique provides security for the development of gas field.

The purpose of this paper is to identify the feature of soot in diesel engine oil and provide a method to stably disperse these soots using effect additives which is benefical for lubricants to pass related engine tests.

This paper designed experiments to investigate the dispersant type, treat level and different dispersant interactions which influence on lubricant soot-related viscosity increase. The research work developed an effective dispersant package which can well solve the soot-related viscosity increase, allowing pass Mack T-11 and Mack T-8 engine tests and demonstrated the helpfulness of using a quickly screening method developed by a steel piston diesel engine CA 6DL2-35.

The effect of dispersant treat level on the viscosity increase of the oil samples was negligible. Dispersant booster can effectively improve the soot handling ability of heavy-duty diesel engine oils (HDDEO), and the appropriate treat level of dispersant booster can help HDDEO pass Mack T-8 and Mack T-11 engine tests.

The test results are useful for formulators to select the appropriate dispersants or dispersant booster to develop the HDDEO packages which can meet the modern diesel engine lubrication requirements.

Most previous studies in this field were carried out on soot formation mechanism and soot-related wear rather than how to solve the soot-related viscosity increasing of HDDEO. This paper describes the soot dispersing requirements of different HDDEO specifications and developed an effective dispersant package which can well deal with Mack T-11 and Mack T-8E standard engine tests soot handling ability requirements.

Alternating current (AC) corrosion is a type of corrosion that occurs in buried pipelines under AC stray current interference, which can increase the hydrogen embrittlement sensitivity of pipelines. However, rare research works have been conducted on the hydrogen permeability characteristics of pipeline steel under AC stray current interference. The purpose of this paper is to study hydrogen permeation behavior of X80 steel under AC stray current interference.

In this paper, the hydrogen permeation behavior of X80 steel under AC interference is studied by AC hydrogen charging experiment in a dual electrolytic cell. The relationship between hydrogen evolution rate and hydrogen permeation flux is studied using the gas collection method. The difference between AC hydrogen permeability and direct current (DC) hydrogen permeability is also discussed.

The anodic dissolution caused by AC corrosion promotes the chemical desorption reaction of the adsorbed hydrogen atoms on the surface, reducing the hydrogen atom absorption ratio by 70%. When the AC is smaller than 150░ A/m², the hydrogen permeation process is controlled by the hydrogen atom generation rate, and the hydrogen permeation flux increases with the increase in hydrogen atom generation rate. When the AC exceeds 400░ A/m², the hydrogen permeation process is controlled by the absorption ratio. The hydrogen permeation flux decreases with the decrease in the absorption ratio. Under AC interference, there is a maximum hydrogen permeation flux that linearly correlates to the H⁺ concentration in the solutions.

The high-strength steel is very sensitive to hydrogen embrittlement, and X80 steel has been widely used in oil and gas pipelines. To date, no research has been conducted on the hydrogen permeation behavior of pipeline steel under AC interference, and the hydrogen permeability characteristics of pipeline steel under AC interference are not clear. The research results of this paper are of great significance for ensuring the intrinsic safety of high-strength pipelines under AC stray current interference.

The purpose of this paper is to explore how the Norwegian Government incorporated its responsibility for human rights into the investment practices of its Global Pension Fund and how human rights issues were negotiated when exclusion was considered.

Drawing on a series of interviews the authors analyse the way in which responsibility for human rights has been translated into the practices of the Norwegian Government Pension Fund Global.

The paper documents how a large investment fund used several mechanisms to address human rights risks. The authors demonstrate that different logics among actors sometimes impeded addressing human rights issues. The findings demonstrate that sovereign wealth funds (SWF) can be held accountable for human rights.

The paper illustrates the difficulty of co-operation between actors with different logics. This can result in institutional conflict, but also in positive outcomes for human rights.

Attempts to introduce human rights into state investments may result in increased institutional complexity. The findings indicate that state investors can address human rights issues, but that the ability to do so is diminished where divestment creates political tension.

Large investors can influence companies on specific human rights issues.

This is one of the first empirical investigations of the human rights practices of a SWF. The authors contribute to the literatures on accounting and human rights, SWF and institutional theory.