Advanced Nanomaterials and Coatings by Thermal Spray focuses on the design, preparation, characterization and application of advanced coating materials for promising industries via thermal spray. Chapters introduce the potential applications of advanced nanocoating materials, the unique characteristics of thermal sprayed nanocoating, the design and processing of nanopowders, and discuss various nanocoating materials and their microstructure/properties. In addition, nanomaterials with unique characteristics are presented, i.e., the dendrite or feather-like nanomaterials by suspension spray or plasma spray-physical vapor deposition hybrid technology. This book will serve as an excellent resource for both researchers and individuals in industry.

Chinese media in the reform era walk a fine line between commercialized diversification and Party-state control. Nowhere have these two trends been in more open conflict than at Southern Weekly (Nanfang Zhoumo), a bestselling Guangzhou-based newspaper known for reliably pushing the envelope on media controls. This gripping insider's account highlights the fiery internal debates and public protests at the paper at the beginning of Xi Jinping's reign. In early 2013, disagreements with censors over draconian cuts to the paper's New Year's edition grew into a lengthy internal discussion about how to push back against the Party's ever-tightening constraints. At the same time, a parallel movement emerged among activists protesting outside the paper's Guangzhou's headquarters to publicly show their opposition to Party control over the media. Nothing, however, changed, as Party-state controls remained firmly in place. Guan Jun offers thoughtful reflections on the tensions inherent within the Chinese government's program of "reform and opening," in the new era of tightening authoritarianism under Xi Jinping. The End of Chinese Media, as a first-person account of a seminal cultural and political moment early in, provides an ominous warning on the path ahead for Chinese media and civil society.

Chinese media in the reform era walk a fine line between commercialized diversification and Party-state control. Nowhere have these two trends been in more open conflict than at Southern Weekly (Nanfang Zhoumo), a bestselling Guangzhou-based newspaper known for reliably pushing the envelope on media controls. This gripping insider's account highlights the fiery internal debates and public protests at the paper at the beginning of Xi Jinping's reign. In early 2013, disagreements with censors over draconian cuts to the paper's New Year's edition grew into a lengthy internal discussion about how to push back against the Party's ever-tightening constraints. At the same time, a parallel movement emerged among activists protesting outside the paper's Guangzhou's headquarters to publicly show their opposition to Party control over the media. Nothing, however, changed, as Party-state controls remained firmly in place. Guan Jun offers thoughtful reflections on the tensions inherent within the Chinese government's program of "reform and opening," in the new era of tightening authoritarianism under Xi Jinping. The End of Chinese Media, as a first-person account of a seminal cultural and political moment early in, provides an ominous warning on the path ahead for Chinese media and civil society.

The volatility smile phenomenon appears to violate the Black-Scholes model and has puzzled numerous scholars. This book uses the relation between the option vega and its moneyness to rigorously demonstrate that the price error alone can produce a smile phenomenon even if the Black-Scholes model is correct. The smile phenomenon makes it unclear which implied volatility provides the best measure of the market volatility expectation over the remaining life of the options. Due to the high liquidity of the at-the-money option and the less sensitivity of its implied volatility to the price error, the at-the-money implied volatility is often considered a good measure of the future volatility. This book raises the conjecture that the implied volatility from the option with the highest vega outperforms the at-the-money implied volatility in terms of the forecasting ability, especially for long forecasting horizons, due to the even higher liquidity of the option with the highest vega and the least sensitivity of its implied volatility to the price error. Empirical testing results are consistent with this conjecture.