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Table of Content

    28 October 2025, Volume 7 Issue 5 Previous Issue   
    The Role of Humanistic Spirit in the Context of Chinese Modernization
    Zhang Wu
    2025, 7 (5):  5-11. 
    Abstract ( 83 )   HTML ( 12 )   PDF (882KB) ( 46 )   Save

    The Chinese path to modernization is one that coordinates material and spiritual civilizations. To construct a "cultural form of Chinese modernization," it is essential to leverage the significant role of the humanistic spirit, infusing robust spiritual motivation into economic development and social progress. As China enters a new phase of building a modern socialist country, the function of the humanistic spirit is no longer one of passively adapting to a transforming society but of proactively exerting cultural leadership across increasingly integrated economic, political, social, and cultural spheres. The guiding role of the humanistic spirit is not abstract but concrete, primarily realized through an enculturation process that "moistens things silently" and remains "unconsciously used in daily life." For Chinese modernization, the humanistic spirit not only performs a positive enculturation function but also serves as a rational adaptive mechanism. It responds to and addresses the cultural effects of a consumer society, a risk society, a trust society, and a competitive society. By enhancing the psychological well-being of the people, improving their spiritual lives, constructing a stable inner order, and providing sound value orientations, it ultimately ensures the steady advancement of Chinese modernization.

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    Chinese Path to Modernization: The Logical Inevitability and Internal Mechanism of Enriching People's Spiritual World
    Zhang Jingjing, Yang Kui
    2025, 7 (5):  12-22. 
    Abstract ( 89 )   HTML ( 3 )   PDF (1468KB) ( 31 )   Save

    Enriching people's spiritual world is an essential requirement of the Chinese path to modernization. It is a key characteristic of a modernization that achieves material abundance and spiritual wealth, profoundly reflects the ultimate value of human modernization, and serves as a strategic anchor for building a spiritual homeland where "the heart finds peace, there is home." Advancing the Chinese path to modernization requires adhering to the internal logic of the spiritual world while unifying material and spiritual aspects. This involves strengthening the ideological roots of the spiritual world through deep cultural identity and emotional schemas, and continuously establishing long-term mechanisms within social practices that consolidate the material foundation of the spiritual world. This provides an inexhaustible endogenous drive for achieving the comprehensive and free development of the individual.

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    Opportunities, Trends, and Pathways for China's Intelligent Economy During the 15th Five-Year Plan Period
    Liu Cheng
    2025, 7 (5):  23-34. 
    Abstract ( 78 )   HTML ( 10 )   PDF (1790KB) ( 35 )   Save

    The "15th Five-Year Plan" period is a critical phase for China to advance towards its second centenary goal, promote the construction of a modern industrial system, and enhance international competitiveness. During this period, the intelligent economy will face strategic opportunities presented by the new global wave of technological revolution and the pursuit of Chinese modernization, potentially becoming a major growth driver for China's economic development. Building on the foundation laid during the "14th Five-Year Plan" period and theoretical analysis, this study identifies four key development trends in the intelligent economy: the shift from digitalization to intelligentization, the transition from generative applications to intelligent agents, the move from virtual services to physical manufacturing, and the evolution from the "leading goose effect" to an integrated industrial system. During the "15th Five-Year Plan" period, China needs to expand investment scale, build intelligent infrastructure, foster an AI industrial ecosystem, and establish institutional rules to ensure the safe and orderly development of the intelligent economy, thereby making greater contributions to economic growth and people's well-being.

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    Patient Capital Empowers "AI+": Logical Adaptation and Breakthrough of Constraints
    Shi bo, Hou Yingxin
    2025, 7 (5):  35-47. 
    Abstract ( 51 )   HTML ( 8 )   PDF (1908KB) ( 30 )   Save

    "AI+" represents a deep penetration and restructuring of the socio-economic system. Its long-cycle nature and high uncertainty dictate that this process requires a "patient" transition and accumulation. Empowering "AI+" with patient capital is an inevitable choice across the three dimensions of "historical logic, theoretical logic, and practical logic." The two exhibit a high degree of alignment through the spatiotemporal adaptation between technology evolution/diffusion and the characteristics of patient capital, the synergistic adaptation between industrial integration/innovation and the combination of resource factors, and the corrective adaptation between the pursuit of value appreciation and ultimate value judgment. However, empowering "AI+" with patient capital still faces quadruple constraints of "motivation, pressure, mechanism, and ecology." There is an urgent need to leverage the interactive synergy between a proactive government and an effective market, grasp the contradictory movement of productive forces and production relations, unblock the synergistic channels of the domestic major cycle and domestic-international dual cycles, unleash the cultural potential of Confucianism and the craftsmanship spirit, accelerate the construction of a multi-level patient capital market system, and couple the bilateral risk-taking spirit of venture capitalists and technology developers. This will comprehensively drive the in-depth expansion of "AI+", achieving the deep integration and co-creation of value among technology, capital, and society.

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    The Income Distribution Effects of Bond Market Liberalization: A Quasi-Natural Experiment Based on Bond Connect
    Jia Jing
    2025, 7 (5):  48-59. 
    Abstract ( 76 )   HTML ( 6 )   PDF (1248KB) ( 23 )   Save

    Utilizing the exogenous shock of the implementation of the "Northbound Bond Connect" policy in China's bond market, this paper investigates the income distribution effects of bond market liberalization, providing both theoretical analysis and empirical tests. The study finds that the implementation of the "Northbound Bond Connect" policy significantly increases the labor income share of the affected firms. Mechanistic analysis indicates that the policy positively affects the labor income share through two channels: alleviating corporate financing constraints and promoting corporate innovation activities. Furthermore, the significant impact of the "Northbound Bond Connect" policy on labor income share exists only in firms with weaker external governance and higher labor adjustment costs.

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    An Analysis of Contemporary Household Change Trends: Nuclearization, Rise of Single-Person Households, and Non-Family Living Arrangements
    Wang Yuesheng
    2025, 7 (5):  60-76. 
    Abstract ( 71 )   HTML ( 5 )   PDF (1757KB) ( 15 )   Save

    The proportion of nuclear families in contemporary China remained at a relatively high level during the 1980s and 1990s, with both urban and rural households exhibiting moderate to high degrees of nuclearization. By 2010, the level of nuclearization in urban areas shifted from moderate-high to moderate-low, while rural areas transitioned from moderate-low to low. By 2020, both urban and rural areas entered a state of low nuclearization. Concurrently, single-generation households began to demonstrate accelerated growth around 2000, and by 2020, the proportion of such households in urban and rural areas exceeded or approached 50%, indicating a trend toward "single-generationization." The proportion of non-family living arrangements in urban areas rose from 8.19% in 1990 to over 30% in 2020, while in rural areas, it increased from 6.71% to 26.28%, establishing such arrangements as a significant form of residence. The rise of single-generation households and the increase in non-family living arrangements, predominantly single-person households, reflect the ongoing trend of household miniaturization in contemporary China. On one hand, this trend satisfies people's pursuit and preference for living arrangements characterized by simpler relationships, fewer conflicts, and greater autonomy. On the other hand, the diversity within single-generation and non-family living groups implies varied demands for social services, warranting attention from the government and society.

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    The New Challenges and Countermeasures of Declining Birthrates and Population Aging for Urban Development During the "15th Five-Year Plan" Period
    Lu Jiehua, Sun Yang
    2025, 7 (5):  77-88. 
    Abstract ( 74 )   HTML ( 9 )   PDF (1756KB) ( 19 )   Save

    As China's urban development enters a new phase focused on enhancing the quality and efficiency of existing urban stock, the inertial momentum of population decline driven by low birthrates continues to intensify. Simultaneously, population aging is entering a period of rapid acceleration, profoundly reshaping the demographic context and conditions for China's urban development during the "15th Five-Year Plan" period and beyond. This demographic shift persistently poses significant new challenges to urban construction. The intensified "agglomeration-shrinkage" dynamic across cities of different sizes increases the long-term risk of sequential population decline. Rigid growth in fiscal expenditures under municipal responsibilities, mismatches between spatial and facility supply and demand, and an incomplete age-friendly environment are exerting pressure on and necessitating the restructuring of urban infrastructure systems and public service functions. Under this new normal of low birthrates and population aging, future urban development urgently requires a shift in philosophy-prioritizing "investing in people" alongside "investing in physical assets." It is essential to systematically advance urban renewal and age- and child-friendly adaptations, implement tailored urban managed decline strategies by type and phase, enhance the resilient utilization of existing urban spaces, and improve urban governance systems and mechanisms. These measures will foster synergistic development between a high-quality population and high-quality urbanization, collectively advancing the Chinese path to modernization.

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    The Institutional Interaction and Synergistic Integration of Long-Term Care Insurance and the Disability Care System
    Wang Xusheng
    2025, 7 (5):  89-100. 
    Abstract ( 46 )   HTML ( 2 )   PDF (1763KB) ( 18 )   Save

    After nearly a decade of institutional evolution, China's Long-Term Care Insurance (LTCI) is undergoing a critical transition from local pilot programs to national legislation. In this process, disabled individuals with functional impairments, as a special insured group under LTCI, possess dual attributes of "disability" and "functional impairment," which objectively fosters institutional interaction between the LTCI system and the disability care system. A key current policy challenge is how to coordinate these two systems to adequately meet the care needs of disabled individuals with functional impairments while avoiding resource waste due to overlapping benefits. Based on this, it is necessary to first clarify the specific forms of this institutional interaction and then construct a systematic pathway for synergistic integration. The interaction can be categorized into two types based on the degree of overlap: first, convergence in protection functions, and second, duplication in benefit provisions. Regarding synergistic integration, for the former, the focus should be on clarifying institutional boundaries and ensuring tiered articulation of protections-that is, LTCI should maintain functional distinctions from other social insurance programs while complementing social assistance systems. For the latter, phased integration and long-term coordination mechanisms should be adopted: in the short term, implementing selective provision of care services and categorized consolidation of subsidies could be pursued, with the long-term goal of promoting unified provision of care services and establishing linkage mechanisms between subsidies and premium contributions.

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    National Ecological Corridor Construction: International Perspectives, Chinese Context and Policy Pathways
    Xu Tian, Wang Hongxin
    2025, 7 (5):  101-111. 
    Abstract ( 49 )   HTML ( 3 )   PDF (1624KB) ( 18 )   Save

    Ecological civilization construction is a millennium plan for the sustainable development of the Chinese nation. As an important means to enrich species diversity and protect the ecological environment, the construction of national ecological corridors contributes to the realization of Chinese-style modernization and ecological civilization. From an international perspective, and based on current international experiences in ecological corridor construction, this study proposes five core concepts-habitat, system, governance, engineering, and community-guided by a focus on biodiversity, breaking administrative boundaries, promoting multi-stakeholder collaboration, implementing rewilding projects, and deepening international cooperation. Within the Chinese context, it explores domestic practices in ecological corridor construction at theoretical, policy, and regional scales, identifies existing problems, and offers reflections to propose theoretical and practical pathways for national ecological corridor construction. In the future, China should prioritize typical and representative target species in the construction of (large-scale) national ecological corridors, develop multi-scale nested ecological corridors, strengthen fundamental theoretical, methodological, and technological research, summarize experiences from urban and rural ecological corridor construction, explore diversified regional development models, establish sustainable compensation mechanisms, and foster multi-stakeholder collaboration among government, academia, and society to promote the sustainable development of ecosystems.

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