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Regulating and guiding the sound development of capital under a socialist system is not only a significant theoretical innovation rooted in Chinese practice by the Communist Party of China (CPC) but also a major practical exploration for the smooth progression of the party and the nation’s modernization endeavors.

Adopting an analytical framework that unifies theoretical, historical and practical logic, this paper explores the rationality of capital’s existence under a socialist system based on the notion that capital is a materialized production relationship. It also examines the staged evolution of capital theory under socialism, highlighting the great leap forward realized by the capital theory of socialism with Chinese characteristics.

With the CPC Central Committee’s deepening understanding of the capital patterns in the socialist system, capital-related policies have undergone a developmental journey through several stages – from the negation and elimination of capital to the support and operation of capital and finally to the stage of regulating and guiding capital. This reflects the reciprocal and complementary relationship between capital theory and capital policy.

In response to issues such as the disorderly expansion of capital in the new development stage, it is imperative to actively promote a practical pathway safeguarded by the adherence to Party leadership, guided by the capital theory of socialism with Chinese characteristics and targeted toward common prosperity.

China's universities have decoupled academic staff rewards and returnee status (scholars with a higher degree or substantial work experience gained outside China). This development possibly poses a threat to returnees' psychological contract fulfilment (PCF), i.e. the extent to which employees perceive their employer has fulfilled their promises or obligations regarding the employment relationship. Drawing on the efficiency–flexibility balance theory, the authors predict Chinese universities would institutionalise human resource management (HRM) practices intended to countervail the decoupling's potentially negative influence. Furthermore, the positive effect of returnee status on PCF would subsequently manifest as higher job satisfaction and lower turnover intention.

Utilising a mixed-method approach, the authors first undertook a large-scale multi-time field survey of Chinese business school academics from a group of non-elite universities located in Southern China. The authors then conducted a series of in-depth interviews with a subsample of the surveyed cohort, which was then analysed using multivariate regression analyses and machine-aided qualitative content analysis (i.e. NVivo 10).

The authors find that, despite the decoupling of returnee status and faculty rewards, returnee status is positively associated with PCF. This positive association further manifests as an indirect effect on job satisfaction and a negative indirect effect on turnover intention. The authors also determine that returnees experience higher PCF because universities have revised HRM practices to reward evidenced job activities. Returnees can gain a competitive advantage by using their skills gained overseas.

This study makes four original contributions. First, the authors investigate a neglected yet essential issue, namely, how returnee status relates to PCF in China's universities. Second, the authors enrich the theoretical understanding by introducing the efficiency–flexibility balance theory into the employee PCF literature. Third, the authors provide new insights on how China's universities maximise the effectiveness of academic returnees' talents and skills. Finally, by focusing on non-elite universities, the authors provide insights relevant to a broader faculty population than is available in the existing literature.

Ensuring the safety of structures is important. However, when a structure possesses both an implicit performance function and an extremely small failure probability, traditional methods struggle to conduct a reliability analysis. Therefore, this paper proposes a reliability analysis method aimed at enhancing the efficiency of rare event analysis, using the widely recognized Relevant Vector Machine (RVM).

Drawing from the principles of importance sampling (IS), this paper employs Harris Hawks Optimization (HHO) to ascertain the optimal design point. This approach not only guarantees precision but also facilitates the RVM in approximating the limit state surface. When the U learning function, designed for Kriging, is applied to RVM, it results in sample clustering in the design of experiment (DoE). Therefore, this paper proposes a FU learning function, which is more suitable for RVM.

Three numerical examples and two engineering problem demonstrate the effectiveness of the proposed method.

By employing the HHO algorithm, this paper innovatively applies RVM in IS reliability analysis, proposing a novel method termed RVM-HIS. The RVM-HIS demonstrates exceptional computational efficiency, making it eminently suitable for rare events reliability analysis with implicit performance function. Moreover, the computational efficiency of RVM-HIS has been significantly enhanced through the improvement of the U learning function.

Given the current friction and wear challenges faced by automobile parts and bearings, this study aims to identify a novel texture for creating anti-friction and wear-resistant surfaces. This includes detailing the preparation process with the objective of mitigating friction and wear in working conditions.

Femtosecond laser technology was used to create a mango-shaped texture on the surface of GCr15 bearing steel. The optimized processing technology of the texture surface was obtained through adjusting the laser scanning speed. The tribological behavior of the laser-textured surface was investigated using a reciprocating tribometer.

The friction coefficient of the mango-shaped texture surface is 25% lower than that of the conventional surface, this can be attributed to the reduced contact area between the friction ball and the micro-textured surface, leading to stress concentration at the extrusion edge and a larger stress distribution area on the contact part of the ball and disk compared to the conventional surface and the function of the micro-texture in storing wear chips during the sliding process, thereby reducing secondary wear.

The mango-shaped textured surface in this study demonstrates effective solutions for some of the friction and wear issues, offering significant benefits for equipment operation under light load conditions.

The peer review history for this article is available at: https://publons.com/publon/10.1108/ILT-04-2024-0127/

In the current teleoperation system of humanoid robots, the control between arms and the control between the waist and arms are individual and lack coordinated motion. This paper aims to solve the above problem and proposes a teleoperation control approach for a humanoid robot based on waist–arm coordination (WAC).

The teleoperation approach based on WAC comprises dual-arm coordination (DAC) and WAC. The DAC method realizes the coordinated motion of both arms through one hand by establishing a mapping relationship between a single hand controller and the manipulated object; the WAC method realizes the coordinated motion of both arms and waist by calculating the inverse kinematic input of robotic arms based on the desired velocity of the waist and the end of both arms. An integrated teleoperation control framework provides interfaces for the above methods, and users can switch control modes online to adapt to different tasks.

After conducting experiments on the dual-arm humanoid robot through the teleoperation control framework, it was found that the DAC method can save 27.2% of the operation time and reduce 99.9% of the posture change of the manipulated object compared with the commonly used individual control. The WAC method can accomplish a task that cannot be done by individual control. The experiments proved the improvement of both methods in terms of operation efficiency, operation stability and operation capability compared with individual control.

The DAC method better maintains the constraints of both arms and the manipulated object. The WAC method better maintains the constraints of the manipulated object itself. Meanwhile, the teleoperation framework integrates the proposed methods and enriches the teleoperation modes and control means.

The interbank market in China experienced remarkable squeezes in liquidity in 2013. In particular, the overnight Shanghai Interbank Offered Rate reached a historical high in June. Banks were unprepared, facing the occurrence of various liquidity demands simultaneously. Effects of the liquidity squeeze spread across markets, and concerns were expressed about the health of the banking sector in the world’s second largest economy. Yet the central bank of China maintained an unswerving view that the tightness of liquidity was only structural, and could be overcome by the commercial banks themselves. While it may be too early to judge whether the central bank was correct, or whether there is systematic liquidity risk in the banking sector, markets received a clear signal from the People’s Bank of China. The central bank stopped acting as a ‘perpetual put option’ for commercial banks and refused to take responsibility to satisfy liquidity needs in the interbank market. Its intention is clear; that is, to adjust monetary policy and support economic reform in China. The new Chinese government seems determined to steer a new course away from the previous growth episode. Its resolution has been published and actions have been taken. Among them, the central bank’s changes to monetary policy have received responses from the markets, and the People’s Bank of China is now in the vanguard of a battle to squeeze liquidity. It is difficult to predict what further actions the government will take. However, it should be aware that the driving force of economic reform in China comes from structural change and productivity improvement. Without follow-up policies, complication in the financial system could undermine the central bank’s effort and international capital flows may quickly substitute the opening position of the central bank in the interbank market. More wisdom is required if China is to win the battle for deleveraging and structural reform.

The Sports Live Streaming Platforms (SLSPs) have taken centre stage in broadcasting sporting events. This study adopts the value creation sphere (VCS) model and the service dominant logic (SDL) to unpack the value co-creation process on SLSPs.

A case study with one of the most representative SLSPs in China, involving the netnographic approach and in-depth interviews, was conducted.

This study redefines the value co-creation spheres in the context of SLSPs and identifies four actors who contribute to viewers' value perceptions. The findings show that viewers' values can be co-created individually and collectively with other actors in both the customer sphere and the joint sphere.

This study extends the theoretical boundary of value co-creation into the context of SLSPs. The study findings help SLSPs managers and decision makers understand the value co-creation process to gain competitive advantages and enhance the sustainability of their services.

The purpose of this paper is to present a conceptual model of guanxi‐oriented human resource management (HRM) appropriate for organisations located in China that wish to maximise knowledge sharing and exchange. The recognised need by Western‐based organisations to develop trusting relationships through appropriate HRM approaches presents the setting to introduce the importance of guanxi in Chinese culture. The added complexity for Chinese organisations that employ a diversity of what are termed, in this paper, Conventional and Foreign Educated Chinese and Acculturated and Newly Arrived Expatriates is also presented.

Building on a review of literature about what challenges the knowledge revolution is having on the way that Western organisations manage their human resources, the paper presents an overview of the notion and function of guanxi in the Chinese context. The paradoxical and ambiguous nature of guanxi and its implications for interpersonal interactions are explained as being important for HR practitioners to understand.

The paper presents a conceptual guanxi‐oriented HRM model that incorporates the Chinese mindset that is, at one and the same time, paradoxical, holistic, dynamic, interdependent, flexible and reciprocal in nature.

While conceptual, the paper is based on a model developed from research by one of the authors that identified a guanxi‐oriented model of conflict resolution. The paper acknowledges that this model requires further research to test its applicability.

The paper is original in its attempt to link guanxi to HRM practices on Western concepts of human resources.

In this study, an indoor sensor information fusion positioning system of the quadrotor unmanned aerial vehicle (UAV) was investigated to solve the problem of unstable indoor flight positioning.

The presented system was built on Light Detection and Ranging (LiDAR), Inertial Measurement Unit (IMU) and LiDAR-Lite devices. Based on this, one can obtain the aircraft's current attitude and the position vector relative to the target and control the attitudes and positions of the UAV to reach the specified target positions. While building a UAV positioning model relative to the target for indoor positioning scenarios under limited Global Navigation Satellite Systems (GNSS), the system detects the environment through the NVIDIA Jetson TX2 (Transmit Data) peripheral sensor, obtains the current attitude and the position vector of the UAV, packs the data in the format and delivers it to the flight controller. Then the flight controller controls the UAV by calculating the posture to reach the specified target position.

The authors used two systems in the experiment. The first is the proposed UAV, and the other is the Vicon system, our reference system for comparison purposes. Vicon positioning error can be considered lower than 2 mm from low to high-speed experiments. After comparison, experimental results demonstrated that the system could fully meet the requirements (less than 50 mm) in real-time positioning of the indoor quadrotor UAV flight. It verifies the accuracy and robustness of the proposed method compared with that of Vicon and achieves the aim of a stable indoor flight preliminarily.

Vicon positioning error can be considered lower than 2 mm from low to high-speed experiments. After comparison, experimental results demonstrated that the system could fully meet the requirements (less than 50 mm) in real-time positioning of the indoor quadrotor UAV flight. It verifies the accuracy and robustness of the proposed method compared with that of Vicon and achieves the aim of a stable indoor flight preliminarily.

The purpose of this paper is to achieve the multi-objective optimization design of novel tubular switched reluctance motor (TSRM).

First, the structure and initial dimensions of TSRM are obtained based on design criteria and requirements. Second, the sensitivity analysis rules, process and results of TSRM are performed. Third, three optimization objectives are determined by the average electromagnetic force, smoothing coefficient and copper loss ratio. The analytic hierarchy process-entropy method-a technique for order preference by similarity to an ideal solution-grey relation analysis comprehensive evaluation algorithm is used to optimize TSRM. Finally, a prototype is manufactured, a hardware platform is built and static and dynamic experimental validations are carried out.

The sensitivity analysis reveals that parameters significantly impact the performance of TSRM. The results of multi-objective optimization show that the average electromagnetic force and smoothing coefficient after optimization are better than before, and the copper loss ratio reduces slightly. The experimental and simulated results of TSRM are consistent, which verifies the accuracy of TSRM.

In this paper, only three optimization objectives are selected in the multi-objective optimization process. To improve the performance of TSRM, the heating characteristics, such as iron loss, can be considered as the optimization objective for a more comprehensive analysis of TSRM performance.

A novel motor structure is designed, combining the advantages of the TSRM and the linear motor. The established sensitivity analysis rules are scientific and suitable for the effects of various parameters on motor performance. The proposed multi-objective optimization algorithm is a comprehensive evaluation algorithm. It considers subjective weight and objective weight and fully uses the original data and the relational degree between the optimization objectives.