Innovation is the primary force of economy. China has achieved remarkable achievements since the implementation of innovation-driven development strategy. However, the current innovative achievements are focusing on quantity rather than quality with less quality results. In order to produce quality innovative results, to resolve the bottleneck key technologies and to fasten China's quality economy, this paper uses 2011 to 2020 China's A-listed companies as sample to study the impacts and mechanism of enterprises' EGS performance on dual innovation. Their ESG performance can dramatically increase their innovative products, more on their breaking innovation, suggesting ESG can help convert resources into quality innovative products. The mechanism analysis reveals that enterprises' R&D inputs play a mediation role between ESG performance and dual innovation, which is also reinforced by their digital transformation. Heterogeneity suggests ESG performance of developing or declining enterprises plays a stronger role on breaking innovation, compared with maturing enterprises, viewing from enterprises' life circles. ESG performance of developing enterprises on breaking innovation is mainly driven by environmental and social responsibility performance, those declining by social responsibility and internal harness performance. Those developing enterprises should boost their linkages with external stakeholders to acquire more supports, and those declining should focus on their internal harness to improve their internal operations. From enterprises' strategy, cost-oriented enterprises' ESG performance on breaking innovation is stronger than differentiation-oriented ones in innovative intensity, but little difference on progressive innovation. Hence cost-orientated enterprises shall pay attention to ESG construction to promote their quality outputs. This paper presents references for revealing economic aftermath of enterprises' ESG behaviors, optimizing their innovative decisions and for governments to disclose ESG information.

Nations along “the Belt and Road” are important provision production areas. Effective use of virtualized water trading strategy helps mitigate the provision dilemma and realize the efficient allocation of water resource. This paper, based on production and climate data 2010 to 2016, estimates their unit virtualized water content of seven provisions in 65 nations along “the Belt and Road”, and sets up a virtualized water trading network model based on provision and trading data, which show a feature of small world of anti-globalization. Russia and Ukraine are net provision-virtualized water exporters, while Egypt and Iran are net importers. China remains the balance with expanding provision-virtualized water trading size, playing a role of bridge in the network. This paper presents a virtualized basis for improving their agricultural production and trading structure and utilizing water resource in the nations along “the Belt and Road”.

China is entering start-up period, starting up has become a new engine to push innovation and economy. Start-up capability and compositing of starters directly impact start-up performance. This paper, based on incubators survey data, aiming at the starters, studies the impacts of sentiments capability, recognition capability, profession capability and social capability on start-up performance, and discusses the media of compositing. Start-up capability plays a positive role on performance, the others vary that start-up compositing is positive on performance and of obvious media in relation between start-up capability and performance, and of partially media in relation among recognition capability, profession capability, social capability and performance, and of a thorough media in relation between sentiment capability and performance. 