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This paper focuses on the orientation of the economy expressed in the communication of the Central Economic Work Conference (CEWC) of China and its relation with the stock market. This study seeks to explore which orientation of the economy may have a stronger impact on the rise of the stock market. It proposes words connoting orientation of the economy (WOE) that is closely related to the stock market, and different WOE has different impacts on the stock market in terms of intensity. The study aims to provide investors with better investment strategies by identifying the stronger developmental WOE.

The paper opted for an exploratory study using the textual analysis approach, based on a corpus of 28 CEWC communications spanning from 1994 to 2021. The raw corpus amounted to 50,754 words in total that are treated with noise reduction method and record an effective corpus of 39,591.

The paper provides empirical insights into the close relationship of the WOE of the CEWC to the stock market, and different WOE has different impacts on the stock market in terms of intensity. It suggests that WOE connoting development may forecast a rising stock market if it is nearly 40% higher than the other two WOEs by impact index.

As WOE is only proven in the CEWC, this paper has its limitations in the scope of samples. It is necessary to apply WOE to more Central Bank communication (CBC) and countries. It is desirable to apply the Gunning–Fog index.

The paper includes implications for investors to read out the orientation of the economy and the degree of different WOEs. Investors are keener to know “what” degree of the CEWC leads to the rise/fall of the stock market. The impact index can be an indicator of a tendency of the stock market, which upgrades the rationality of investment decisions.

This paper fulfills words connoting the orientation of economy as an identified linguistic feature, which the impact of CEWC on stockmarket can be measured.

Previous academic research studies mostly focus on the impact on stock market from the language features of CBC, rather than that from the more influential body, CEWC communication. This study seeks to provide the relationship of CEWC communication and the time length of the impact on the stock prices.

Despite children’s academic excellence in East Asian countries, school education in this region faces a range of challenges to build inclusive and quality education for all. This chapter aims at examining how these challenges occur and what actions have been taken to deal with them. By focusing on China, Japan, and the Republic of Korea, the chapter first reviews reforms of school education since the 1990s in these countries. The subsequent sections then present educational disparity and a new mode of teaching and learning in these countries. It concludes by addressing that East Asian countries must explore more common ground for building a more collective sense and identity to share responsibility for building a resilient, inclusive and sustainable world through global citizenship education and education for sustainable development.

This study aims to explore the perceptions about Chinese brands from the point of views of young Chinese consumers.

A qualitative method is used including focus groups and in-depth personal interviews with young Chinese consumers who are currently living and working in Australia.

Two key findings emerge from the results, namely, young Chinese consumers attach symbolic values to Chinese brands and Chinese brands are perceived positively by young Chinese consumers.

This study demonstrates that symbolic values (such as pride, lifestyle, feeling of home and being happy) constitute one of the primary motivations for young Chinese consumers’ purchase of domestic brands. The results of this study challenge the traditional view that Chinese brands are perceived negatively in the Chinese market.

This is one of the very few studies investigating how young Chinese consumers perceive brands from their home country rather than foreign brands.

The purpose of this paper is to review the major systemic educational reforms that China has undertaken over the past three decades and analyze the reasons behind their different degrees of success.

Two running themes are identified among various reforms on the Chinese educational system: decentralization and marketization. The authors explore the driving forces behind these reforms and discuss whether the reforms were successful or not.

In conclusion, the authors highlight four takeaway lessons of Chinese educational reforms.

This is an original discussion of educational reforms in China in the contexts of decentralization and marketization.

The relatively short history of internet colleges in China offers a glimpse of the potential of online education in the country and also reveals many of the problems involved in institutionalizing online education in an established system. This paper aims to present the development of online higher education in China by reviewing the development of “internet colleges”, examine the unique features of online higher education and the challenges it faces, and discuss the future directions of online higher education in China.

By reviewing major policies on online education in China and the development of “internet colleges” in the past two decades, this paper reviews the development of online higher education in China.

The development of online higher education in China has unique features: central control and the support from learning support centers affiliated with “internet colleges”. To further develop online higher education in China, it has to address two major challenges it is facing now: perceived low quality and prestige, and limited opportunities for international collaboration. Some of the problems are universal, such as quality assurance and the perception of quality and prestige. Some are unique to China, such as the direct involvement of the Ministry of Education in setting guidelines and regulations about online educational programs (though similar problems could arise in other centralized education systems where the government, rather than the market and the public, plays a major role).

The vast educational market in China and the potential of online education also present interesting opportunities for foreign higher education institutions.

This chapter examines the changing state–university–student relationships in post/socialist China since the late 1980s. We begin with an introduction to four salient themes in scholarship on Chinese post/socialism that are highly relevant to higher education: globalization, gradualism, civic society, and a critique of holism. These themes help us explain interrelated educational trends that affect the state–university–student relationship: the globalization, “massification,” and stratification of higher education; the redefined role of the state in university governance and management; higher education marketization and privatization; and the quest for meaning and (e)quality in and through higher education. Our general argument is that during the “socialist” period the main relationship central to higher learning was between the state and students. Universities were agents of the state; from a legal point of view, indeed, universities did not have an independent status from the state. In the “post-socialist” era the university–student relationship has become more significant. We examine this reconfiguration through two case studies, one on the development of college student grievance and rights consciousness, and the other on reforms in higher education student services administration. When looked at from the point of view of the state, we see that appropriation and implementation of policies and regulations shaping student rights and services are in partial contradiction with state policies to accelerate economic growth and bolster party authority. From the point of view of universities, we see institutions grappling with how to deliver on forward-looking structures and actions while navigating between the state's policy mandates and growing expectations and demands of its student and business stakeholders. From the point of view of students, we see how constrained agency, uncertainty, and the power of the credential motivates social praxis. At all levels of the state–institution–student relationship actors are employing a kind of pragmatic improvisation (one of the salient features of post/socialism) captured by the well-known Chinese proverb “groping for stones to cross the river.” This saying is an apt metaphor for the tentative searching by state, institution, and individual for a safe foothold in the post/socialist world.

The purpose of this paper is to provide a comprehensive review and critique of what we already know about pay systems in Chinese state‐owned enterprises, to identify the gaps in the literature and to stimulate more research in this area.

The paper first describes the policy issues at the macro‐level (government policies) in order to put micro‐level pay practices in a pertinent context. Then the paper provides a detailed review and critique on current empirical studies on pay practices in Chinese enterprises, their antecedents and consequences. Finally, the paper identifies potential research questions and provides some directions for future research.

The paper concludes from the extensive review of the current literature that the following research areas merit attention: Why do some firms pay their employees more than other firms? Why do we observe different types of internal pay structures among firms? What are the consequences of these different structures? Why is the link between pay and performance weak in some firms but strong in others? Under what conditions pay‐for‐performance enhances firm performance?

The paper is one of the most comprehensive reviews of the literature on compensation practices of Chinese companies.

The paper aims to reveal how the Chinese government has tried to regulate transnational cultural flows by applying cultural policies.

The paper compares the dissemination of different foreign television programmes in China since the 1980s. The documents of cultural policy released since 1990s, news reports and the statistics of imported dramas since 2000s will be analyzed.

The research finds that the Chinese government has treated cultural products from different countries in unequal ways. Political-diplomatic relationships and the need for ideological control, influence the making of cultural policy. Restricting the quota of imported dramas, censorship and propaganda are measures taken by the Chinese government to regulate transnational cultural flows.

The paper mainly focuses on platforms such as state-owned television stations and internet. The role of pay-cable channel in disseminating imported dramas should be taken into consideration in the future research.

The paper provides a systematic understanding on the development of Chinese cultural policy.

The paper offers an alternative approach to explore the policy-oriented dissemination of transnational cultural flows other than market-oriented dissemination.