- Volume 11, Number 2 (2023)
GREEN GDP: PIONEERING A SUSTAINABLE ECONOMIC PARADIGM FOR THE FUTURE"
Wei Zhang, Jing Liu
The convergence of economic development and environmental protection stands as a global imperative, spanning fields as diverse as human welfare, energy consumption, and meteorology. Yet, the conventional Gross Domestic Product (GDP) metric, a primary gauge of national economic health, exhibits notable limitations. Traditional GDP often conveys a skewed economic picture, focusing on material and static conditions while sidelining critical development issues. Moreover, it fails to account for sustainability, ignoring the impact of energy consumption on factors like climate change, thereby jeopardizing long-term resource sustainability and human well-being. To address these shortcomings, the concept of Green Gross Domestic Product (Green GDP)...
RESHAPING INTERNAL AUDIT: THE EVOLUTION TOWARDS INTELLIGENT SUPERVISION IN BEIJING'S SOES"
Zhang Hua, Wang
Following the 19th National Congress, China's internal audit underwent a transformative evolution, culminating in the establishment of a comprehensive audit supervision system alongside national and social audits, solidifying its pivotal role within the Party and state supervision framework. In January 2018, the revised "Regulations of the National Audit Office on Internal Audit Work" (Order No. 11 of the National Audit Office) broadened the scope of internal audit functions, emphasizing the value of "advice and consultation" in conjunction with "supervision and evaluation." A renewed focus was placed on problem rectification and implementation. Internal audit, once perceived as a mere control mechanism,...