The Research And The Feasible Countermeasures To The Problems In Local Government Investment Promotion

With the global economic integration gradually highlighting today, theeconomic development has become the measure of a nation’s general strengthindex. Since carrying out the Reform and the Openness, China has brought inmany foreign funds and technology which has promoted its economicdevelopment. As a result, the local governments at all levels actively use all sortsof ways to attract foreign companies to invest in the local area, such asestablishing high-tech industrial development zones, improving investmentenvironment and putting forward relevant preferential policies. However, in termsof results, the differences of the investment promotion exist among the localgovernments.In the essay, the author lists several cases about the local governmentinvestment promotion. In addition, he has combined his many years’ experiencesin the investment promotion and the research and scientific analysis of thesituation to illustrate his argument. That is, although, the local government playsan important role in gathering the capital, promoting the production factor in theflow between local areas in the forms of clustering development, acceleratingindustrialization and urbanization and speeding up the industry gathered, with theyears goes by, many problems has arose. One of the major reasons which result inthese problems is the limitation to the investment promotion organization of the local governments. It mainly displays in the inefficient government functions, theuncompleted investment promotion organization functions, lack of relevant lawsand regulations on local government investment promotion organization, theleaders outdated ideas about the local government investment and the unevenlevels of investment promotion organization personnel quality and so on.Faced with the highly economic development, and the increasingly perfectthe socialist market economy structure, the local government should focus onupdating local government investment promotion, changing the governmentinvestment promotion function, establishing public oversight board, motivatingintermediary service organization to promote investment, taking the legal systemseriously.