China’s natural resources administration system has provide a vital guarantee for natural resources use and protection over the past decades as a booster to ecological civilization construction, but it still has shortages in lack of rights and responsibilities and in overlapping of leadership and management, leading to lots of issues in unclear ownership subject of natural resources, fuzzy boundary of right confirmation and insufficient protection of property rights. This paper uses property rights theory to analyze the evolution of China’s natural resources administration system under guideline of “the 14th Five-Year Plan”and “2035 Outlook”, establishes a research framework of “system evolution-issues discussion-approach optimization”, and applies Pigovian tax, Coase Theorem, and new system economics theory to qualitative analysis of the natural resources assets property rights system optimization direction. Its evolution of natural resources administration system shows a clarifying ownership at a trend of separation of ownership and using right. Governments as the administrator of market shall uses power to mark market limit and make marketing rules. System performance is mainly related to the gaming between governments and markets, which may be promoted by optimizing the property rights system of “affiliation-rights & responsibilities-protection-transfer-supervision”. The research concludes that in order to improve the natural resources assets property rights system in our country, we should clarify the property rights, and realize the property rights in the legal subject clearly relying on the regulatory effect of the classification agent system. The content of registration and accounting should be clarified, and the information management platform of natural resources assets should be built to accurately grasp the assets, and use the ecological protection compensation mechanism to support the protection system, strengthen the intensity of protection, guarantee market transactions. Marketized trading platform shall be used to improve the allocating efficiency of natural resources, to transfer asset stock to asset increment. Supervision system shall be improved in all process which limits governmental power lists to avoid governmental monopoly.

During the long term practice of Yangtze River delta development, how to balance eco-environmental protection and economic development is a key topic for its high-quality integration. The current study has largely explored the environmental governance and ecological compensation, but quantitatively lacks of determination of ecological compensation standards, macroscopic economic effects of ecological governance. This paper, based on the traditional CGE model, introduces ecological resource into economic system as a productive element, and regards ecological environment as an independent unit with emphasizing the value contribution of ecological system in the social economy activities. Green social accounting matrix (SAM) is established on the basis of ecology element, and macroscopic CGE model is built according to ecology element input and ecological system account. This paper uses Yangtze River delta data to correct the ecological values accounting pricing system, a quantitative tool in marking its ecological servicing values in Yangtze River delta. SAM is employed to study the impacts of ecological compensation at different levels on macroscopic economy form GDP, residents' income, companies' income, governmental income and residents' consumption levels. The results show that increment of four scenarios, value-added taxation rate, transfer payment rate of residents to eco-environment, and that of companies to eco-environment, and that of governments to eco-environment can increase ecological compensation, but the aftermath varies if at the sample increment by means of different approaches. Taking increment at 30% as an example, transfer payment rate of governments to eco-environment largely improves the ecological compensation level with an increment by 10.01%, on the top among the four scenarios, followed by transfer payment rates of companies to eco-environment and residents to eco-environment, with increment by 2.77% and 1.01%, respectively. And the last one is increment of value-added taxation rate, only by 0.77%. Compared with other policy tools, increment of value-added tax will largely impact GDP and residents' welfare level. GDP will drop by 0.002 5% and residents' welfare level will drop by 0.002 7% if vale-added tax is increased by 30%.

Nation's water resource fee-to-tax reform is a vital policy in saving water resources and in pushing sustainable development, which has reached a large achievement in increasing water use efficiency generally, verified by many scholars. As an important growth pole of China's economic development, Industry is also the main sector of water demand. But if has the industrial water use efficiency been also increased? Given that China had not carried out this reform, this paper uses GM(1, 1) model to estimate the industrial water use efficiency after water resource fee-to-tax reform, and analyzes the impacts of water resource tax reform policy on industrial water use efficiency. Impacting factors such as water resource occurrences, technical advances, environmental regulations, water use structure, social and industrial developing sizes are selected for a multiple linear regression analysis which reveals that water resource fee-to-tax reform effectively increases the industrial water use efficiency, decreases industrial-value-added water use per 10k RMB. As such reform goes on, it will more be productive. Technical advances largely promote the industrial water use efficiency, belonging to companies' and governmental expenditure under governmental intervention. Water resource tax reform can have microscopic economic units improve technologies so as to increase industrial water use efficiency, to reduce overall industrial water use and to mitigate the pressures of water shortage. This paper suggests on saving water as a priority, boosting inputs on research, promoting water-saving devices and approaches, fastening companies' transformation and upgrading, improving water resource tax reform mechanism under a coalition of governments and markets. This study presents references for the nationwide implementation of water resource tax reform.

Steel enterprises cause lots of environmental pollution. In order to reach a coordinated development between economic benefits and environmental protection of steel enterprises, this paper studies the impacts of environmental information disclosure on steel enterprise values. Enterprise reputation, which plays a role of media on how environmental information disclosure impact enterprise values, is adopted as a media variable to explore their relation. Based on 30 A-share listed steel enterprise between 2013 to 2016, this paper selects their environmental information disclosure level, reputation, values and controlling variables to study impact of environmental information disclosure on enterprise values during operation and development, which lies in two aspects, enterprise values are increased directly by environmental information disclosure level, and indirectly through enterprise reputation. This paper accordingly presents suggestions for steel enterprises, stakeholders and government.

The reasons of trans-region water resource conflicts lie in unclear water resource ownership, irrational contract participants and lacks of the third supervisor viewing for incomplete contract. This paper, under the theoretical basis of graph model, analyzes their status transfer and stability of each major strategy of trans-region water resource conflicts, and attempts to present workable path to Ili River water resource conflict. Water right trading mode is a better way of prominent stability in dealing with trans-region water resource conflicts, compared with the traditional trans-region water resource interest negotiation mode. This paper provides a path to trans-region water resource conflicts and to its management system reform.

“Fee to tax” on water resource is a vital administrative means and policy in saving water priority and two hands exertion. Precise differentiated taxation quota can perform the leverage of price. This paper, viewing from the actual water resource quota in piloting areas, uses water resource values theory, economy land royalty theory and PSR model to analyze the impacts of spatial differentiation on water resource taxation quota. This paper, referring to comprehensive evaluation model of water resource, selects key indexes to establish three multiple regress models based for agriculture and special industry based on underground and surface types, and compares the factors difference on different water sources. The research indicates that water resource taxation quota is a joint aftermath of multiple elements under spatial differentiation, underground water resource taxation quota of agriculture use is largely influenced by over water use, while quota on special industry by markets's Differentiated taxation quota shall apply in areas, water sources and industries

Coal as China's energy security cornerstone plays a key role in economy along with its radiation to correlated industries. This paper uses nations input/output 2002 to 2015 to dynamically analyze the radiation effect between coal industry and its correlated industries. The price model established on input/output table indicates a radiation of coal industry on its correlated industries, with four largely impacted sectors supply and production of electricity and heating, metallurgy and processing, chemicals and industrial minerals on their close economic dependence but a unstable industrial correlation, induction more than influence. The stated-above industries are sensitive to coal price change, especially the electricity and heating production and supply, with sensitiveness up to 0.0029. Diversified suggestions are presented for coal-electricity coalition, coal-steel coalition, coal-chemicals coalition and fossil energy-new energy coalition.

No empirical methods have been used to study water right price influencing factors and mechanism. This paper uses regression model and adjustment effect graph to empirically study water right price influencing factors based on national trading platform data, providing references for regularizing water right pricing mechanism and optimizing water right trading mechanism. The lower the GDP of the receiver is and the lower annual water fall is, the shorter the trading period is. The higher the water right market maturity and the average profit rate of trading owners industry are, the higher the water right price is. The mechanism of trading period limit on water right trading price is subject to annual water fall and water right market maturity, positively if annual water fall is high, and vice versa. Water right market maturity also impacts the function of annual water fall.