Abstract:M 2/GDP implies the functional relation between money demand and national income,whose level and trend are determined by money demand.In 1980—2000,Chinas M 2/GDP exhibits an upward trend,which reflects the fact that Chinas money demand rises up within the same period.In addition to the long run trend,Chinas M 2/GDP exhibits an anti cycle movement for the reason that money demand caused by precautionary incentive has an anti cycle character. In world wide view,China is one of the countriesdistricts whose levels of M 2/GDP are relatively high. An international comparison shows that there is no unique standard level of M 2/GDP across nations districts. From the view of monetary sector,the reason that Chinas M 2/GDP rises quickly in the past twenty years is that quasi money/GDP rises up quickly. From the view of economic sector,the factors causing the upward trend of Chinas M 2/GDP are derived from monetarization,household deposit as financial investment instrument,undeveloped financial market and high ratio of bad asset in banking system. The level of M 2/GDP,which is determined by money demand,can not be pushed down with the way of lowering money supply.

Abstract:Contemporary economy has entered the new economic era which is characterized by information and digit,and the arising new\|type enterprises have become its main body. In studying these enterprises,the traditional enterprise theory and enterprise strategic theory reveal more and more their shortages and one\|sidedness. In view of the above reality, this paper studies the tie\|up between enterprises and factors and constructs a new enterprise theoretical framework which has an universal analytical character,starting with an analysis of fundamental value value expectation on the basis of theoretical logic of value equilibrium.

Abstract:Location of FDI is one of the current issues of modern location theory. Making use of a questionnaire of 135 foreign enterprises, this paper examines foreign investors motives of entry into Mainland China and location factors of investment in Qinhuangdao city. The factor analysis shows that foreign investors motives of entry into Mainland China would be summed into production input and market, production service, culture linkage and emotion, favorable policies and reduced investment risk, competition and export; main location factors of investment in Qinhuangdao city would be summed into urban economic and culture environment, transaction cost, production input supply, market, and input cost. In the meantime, using ANOVA and test, this paper also examines whether there is a different relative importance of motives and location factors of foreign investors or not because of starting time, investment size, capital sources, and sectoral ownership and export pattern.

Abstract:Illegally distorted accounting informationIDAI in the enterprises has been an important issue to be resolved in China. Accunting Law of China has made different contract arrangements for the illegal distortion liability of accounting information in 1985,1993 and 1999.According to our research we find that Accounting Law 1985 or 1993 which was made under the planned\|economy system cant meet the need of fathering the accounting information at present.But Accounting Law in 1999 is reasonable which regulates that the unit principal is chiefly responsible for IDAI of his own unit,while the accountant takes the subordinate responsibilities. However,this reasonable arrangements wouldnt be carried out effectually because the sanction for the unit principal is not enough and its range is dwindled. And therefore,this paper suggests that Accounting Law and Criminal Law should be revised,examinations on the quality of accounting information should be strengthened and the socially informing system should be set up.