China's water rights trading system is becoming mature, but its pricing as the key issue has not yet a rational standard. This paper, aiming at providing theoretical basis for reforming China's water rights trading price and at exploring an appropriate price and at researching the possible issues in water rights trading market, selects Murry-Darling stream water rights trading data during July 2008 to July 2019 to establish a transferred bi-district and tri\|lagging Markov model, which is used to study the fluctuated water rights trading price at different districts in Murry-Darling region. There are two statuses in water rights trading price, highly and lowly fluctuated,with almost same duration. Fluctuation of price is of inertance, not only subject to the changes of natural conditions, but also closely related to Australia's policies. Predicted water rights trading price by MS-VAR model offers references for the both trading sides and for government to make decision. This paper presents suggestions on establishing a sound alerting system for water rights trading price to guarantee rational water rights trading price.
Qinshui basin hosts marine-continental facies in the North China Craton, ranks top in coal-bed methane exploration and development in China. This paper, based on its total content of organic carbon (TOC), orgianic maturity, minerals, fissures, porosity, permeability and gas content, concludes that Qinshui basin, although thin in single shale-mud bed of marine-continental facies, hosts a good gas reservoir-forming condition from its high organic maturity at gas generation bloom, especially high content of brittle minerals which can easily form natural fissures and inducing cracks by external forces, favorable for latter extracting. It’s practical to extract shale gas and coal-bed methane together. This paper gives an outlook for Qinshui basin’s shale gas resources.