Risk Management Of Local Government Against Downside Risk Of Industrial Economy

The development of industrial economy reflects the overall strength and economic development level of a city.Vigorously developing the industrial economy is an objective requirement for building a socialist harmonious society and building a well-off society in an all-round way.During the "Thirteenth Five-Year Plan" period,Jinan’s industrial economy faces downside risks,mainly reflected in the lower economic growth rate,the tight production factors of industrial enterprises,and the unsatisfactory transformation of industrial development patterns.In order to alleviate the downside risks of the industrial economy,the government must strengthen the risk management work in the industrial economy.At present,relevant economic supervision departments of Jinan have formulated a series of risk response mechanisms,including regular statistical monitoring of industrial economic operation data,and industrial development plans and policies.However,the current risk management of industrial economy is still in a traditional emergency management mode,which would be triggered only when the risks have caused a series of negative effects.There are some drawbacks to this type of risk management model.For example,due to limited time and resources,the cost of emergency management measures is often high and may not be the best response.Secondly,multiple departments are in charge of the monitoring of industrial economy and formulating economic policies,which indicates a lack of coordination and communication between departments.Thirdly,the lack of the participation of industrial enterprises in risk management reduces the effects of certain works.Based on the data of industrial economy in Jinan for nearly 20 years,this paper statistically analyzes its industrial economic characteristics,operational trends,advantages and disadvantages.With analyzing the sources of the downside risks of the industrial economy,sorting out the current industrial economic risk management mechanism and industrial planning and policies in Jinan,we provide with suggestions on how to improve the government risk management mechanism in the industrial economy of Jinan.In addition,industrial Polices have been put forward as well.