The Efficiency Of Financial Investment In The Upgrading Of China's Manufacturing Industry Analysis

Manufacturing is the important lifeblood of the economy and is a measure of country's comprehensive national strength and is an important symbol of economic development level and international competitiveness.China already is the biggest country in manufacturing,but the development level of manufacturing especially high-tech manufacturing industry still exist a large gap between Japan and American.Now,China's manufacturing industry need to realize the transformation from "big" to"strong" to realize the transformation and upgrading of our manufacturing industry.In the new stage of development,China's manufacturing industry faces new opportunities for development while also facing challenges from all sides.The rapid development of China's manufacturing industry,especially high-tech manufacturing,has been growing rapidly.China's capital market mechanism is not sound and financial markets are underdeveloped.All these make money impossible to optimize configuration and money is out of the real economy.It is difficult to finance manufacturing companies and manufacturing companies still have a problem with low capital efficiency in the presence of existing capital.The existence of these problems compresses the profit margins of manufacturing,limiting the upgrading of manufacturing.It is bad for the long-term development of the whole manufacturing industry.In this paper,the author makes a research on the current situation of the financing of the manufacturing enterprises in China,and finds that the scholars of our country generally think that the financing constraints exist in the manufacturing enterprises of our country.In this paper,using input-output table data found that China's financial industry investment in the manufacturing industry,whether it is the total investment or the unit manufacturing products into manufacturing power is higher than that of the United States,so in this paper on the basis of this,China's manufacturing industry not only the existence of financing constraints,there are still serious money the use of low efficiency problem.On the basis of this,the paper sets up an input-output partial closed model to empirically analyze the efficiency of China's manufacturing capital.Includes the following main contents:the first chapter is the introduction,this paper discusses the background and significance of the research,and the domestic and foreign related fund use efficiency and input-output technology using related theory research results were reviewed and summarized.The second chapter expounds the development situation of China's manufacturing industry,sorting out the relevant research scholars in manufacturing enterprises financing problems,on this basis,the Chinese scholars generally believe that China's manufacturing enterprises widespread financing constraints conclusion.And by 1997,2002,2007 and 2012 input-output table data calculated for the manufacturing industry in the middle of China's financial industry,total investment,and this with the United States manufacturing power compared,comparison of China's financial industry to make industry investment is not less than the United states.In Chapter third,based on 2012 input-output data as the basis,establish the input-output model,and using the input-output table of the relationships between industries,estimates when increasing investment in manufacturing,the same value added new investment stimulating effect on increasing the size of the various departments of the national economy and GDP in the promotion of the development of the manufacturing industry at the same time.Furthermore,the influence on the whole manufacturing industry and the development of the national economy will be calculated when the capital input to the knowledge intensive manufacturing industry is increased.The fourth chapter analyzes the reasons of low efficiency of capital utilization in China's manufacturing enterprises.The fifth chapter puts forward some suggestions to improve the efficiency of capital utilization of manufacturing enterprises in China.Through the study of this paper,with the aid of the correlation between different industrial sectors of input-output table,this paper analyzes the efficiency of capital utilization in China's manufacturing industry,which is of great significance to promote the development of manufacturing industry.