A Study On Development Strategies Of Guangdong Public Finance In Supporting Private Sector

As an important part of the Chinese-style socialist market economy, the private sector has been demonstrating its unique advantages and playing its unique role. Since the reform and opening-up, the private sector has developed rapidly in Guangdong, contributing a lot to economic development, job creation, market revitalization, independent innovation and social harmony. At the same time, however, it also faces many problems and difficulties, which can be divided into two categories, the environment and its own competitiveness. The Public finance policy is one of the important means by which the government intervenes in the economy, and has a profound impact on the development of the private sector. The author attempts to find out the achievements and problems as well as the possible causes thereof of the public finance of Guangdong in supporting the private sector. Based on the findings and drawing on the experience of UK, US, Japan as well as Hong Kong, the author makes several suggestions on how to improve the support policies of the Guangdong public finance:adopting scientific ideas on public finance; making finance policies to encourage private investment; giving more support to private enterprises for their independent innovation; offering private enterprises supportive policies in financing; making sure that fair tax policies are adopted for private enterprises; enhancing public finance service. The author hopes these suggestions will help the development of Guangdong's private sector and thus contribute to the construction of a happy Guangdong.