This study critically examines the factors influencing satisfaction with environmental governance in China, focusing on air pollution perception, environmental tax, and government trust within the Environmental, Social, and Governance (ESG) framework. Utilizing data from Chinese societal surveys, the research investigates the impact of air pollution perception on environmental governance satisfaction, as well as how this relationship is mediated by environmental tax and moderated by government trust. The findings reveal a strong inverse correlation between air pollution perception and satisfaction with environmental governance, highlighting the direct impact of environmental challenges on ESG outcomes. The relationship is nuanced by regional and demographic variations, highlighting the diverse impact of air pollution perception across different segments of society. The study also reveals the pivotal role of environmental tax in mediating this relationship, suggesting that tax policies can effectively enhance ESG strategies. Additionally, government trust is identified as a key moderating factor, underscoring the importance of trust in governance for the effectiveness of ESG practices. This research contributes to the broader field of air pollution perception and environmental governance, providing valuable insights into the complex interplay between public perception, tax policy, and trust in government. It offers practical implications for policymakers seeking to use taxation and trust-building measures to mitigate pollution and improve public satisfaction with environmental governance within the ESG ambit.

A profound analysis of China’s research achievements in the realm of carbon emissions holds the potential to furnish insightful references for analogous endeavors and inquiries in other nations. Employing the CiteSpace tool, this paper identifies five major focal points in Chinese scholars’ research on carbon emissions: carbon emission computation and prediction, influencing factors of carbon emissions, carbon footprint, carbon emission efficiency, and differential analysis of carbon emissions. Subsequently, this article systematically scrutinizes and dissects the outcomes of Chinese scholars’ endeavors in the aforementioned five focal points, culminating in recommending China’s forthcoming research on carbon emissions. (1) The research findings reveal a diversified evolution in the methods employed for calculating and predicting carbon emissions in China. However, due to the limited exploration of delineating carbon emission boundaries, instances of overlap and deviation in carbon emission quantification have emerged. (2) Factors influencing carbon emissions can be categorized into five major classes: economic, demographic, energy-related, policy-driven, and others. Yet, studies investigating industry-specific influencing factors remain relatively scarce. (3) Overcoming challenges associated with cross-boundary measurements, comprehensive effects, and policy applications is imperative in carbon footprint research. (4) Significantly disparate levels of carbon emission efficiency prevail across distinct regions or industries, with intricacies characterizing the influencing factors and a notable dearth of micro-level investigations. (5) The analysis of carbon emission differentials primarily encompasses regional disparities, industrial differentials, and temporal variations, lacking sustained tracking studies on the nuances of carbon emission disparities.

Cash holding is an important strategic decision of enterprises. As a macro-level factor, economic policy uncertainty causes risks, affecting enterprises’ cash holdings. Taking the quarterly financial data of China’s A-share non-financial listed firms for 2010–2020 as a sample, this study adopts the OLS and fixed effect models to investigate how corporate cash holdings are affected by economic policy uncertainty. The findings indicate that economic policy uncertainty is directly proportional to the level of cash that listed corporations hold. The higher the uncertainty, the more cash the company holds. Among them, state-owned enterprises and the manufacturing industry are more significantly affected by economic policy uncertainty. Finally, considering the regional marketization level and the differences in financing constraints enterprises face, it is concluded through grouping empirical studies that enterprises located in regions with lower marketization levels are more susceptible to policy uncertainty, while financially constrained enterprises are more susceptible to economic policy uncertainty. The study of economic policy uncertainty is helpful to guide enterprises to realize the importance of coping strategies in advance under the background of intensifying economic policy uncertainty. Therefore, this paper proposes to introduce policies on the premise of fully considering the smoothness of the economy and the differences in the conditions of firms of different natures, as well as some proposals to alleviate financing constraints, reduce the adverse effects of uncertainty on firms, and bolster the marketization process.

Consumption plays an important role in economic growth and sustainable economic development. The Chinese government emphasizes the theme of promoting high-quality development. This aim has led to the implementation of strategies to expand domestic demand through a deep structural reform in the supply chain, enhance the endogenous power and reliability of the large domestic cycle, improve the quality and level of the international cycle, and accelerate the construction of a modern economic system. Based on the clarification of the consumption effect of housing support expenditure, this paper uses a combination of theoretical and empirical analysis to clarify the relationship between housing support expenditure and urban residents’ consumption. This is carried out to seek a breakthrough point for raising the total level of urban residents’ consumption expenditure in China from the level of housing support. This study revealed that government housing support has a certain degree of influence on the total level of urban residents’ consumption expenditure and that the government’s support of housing support is conducive to improving the total level of urban residents’ consumption expenditure. Also, if the housing price is not controlled and adjusted, the effect of government housing support on urban residents’ consumption expenditure will be greatly reduced, which will affect the lives of urban residents in the long run. Finally, suggestions and countermeasures for improving the overall level of urban residents’ consumption and the sustainable development of the social economy in China are provided.

The interest rate derivatives market is an important force in promoting the development of the bond market and is an effective tool to manage interest rate risk. The research on price discovery and volatility spillover of the market can help provide valuable reference information for investors. Based on treasury bond futures and interest rate swaps, the paper aims to discuss the price discovery function and spillover structure of the interest rate derivatives market. The paper establishes the information share model and spillover index model for empirical analysis. The results show that: First, the calculation results of the information share model show that the price discovery of treasury bond futures and interest rate swap markets is stronger than that of the spot market. Second, based on structural break analysis, treasury bond futures and interest rate swaps do not have breakpoints, while the treasury bond spot has three breakpoints. The paper divides the entire sample into four stages based on structural breakpoints and finds that the price discovery ability of the interest rate derivative market dynamically changed. Third, as a net spillover in the market, treasury bond futures have developed relatively stable. Both treasury bond futures and interest rate swaps have spillover effects on the spot market, indicating that China’s interest rate derivatives market can impact the treasury bond spot market.

Reforms in the Chinese National Entrance Examination to Universities (CNEEU) and curriculum standards have significantly influenced national education. This study investigates the evolutionary stages, research trends, and emerging topics in the study of geography examinations for the CNEEU, commonly known as the Gaokao in China. Utilizing CiteSpace software, we analyzed academic journal articles indexed in the China National Knowledge Infrastructure (CNKI) database from 1980 to 2023. The analysis focuses on publication volume, regional distribution, core authors, emergent terms, and keyword trends related to geography examinations. The results reveal the following: (1) Research on geography in the CNEEU has experienced three distinct phases since the 1980s—incipient stage, fluctuating growth period, and adjustment period—each characterized by unique emergent keywords reflecting evolving research priorities. (2) The principal research institutions include middle schools, higher normal colleges, and examination research institutes, with scholars from higher normal universities more likely to establish collaborative research groups. (3) Key research topics focus on the content and characteristics of geography examination questions, teaching guidance, test preparation strategies, and the development of simulation questions. (4) Ongoing reforms in the CNEEU and curriculum have significantly influenced the scope, focus, and format of geography examinations, directly impacting geography teaching and learning practice. (5) Emerging trends, including literacy and value-oriented assessment, interdisciplinary integration, and inquiry-based innovation, are expected to shape future research in this field. This study offers valuable insights to support both theoretical research and practical advancement in the design of geography examinations for CNEEU.