The Practical Dilemma And Governance Of Township Government’s Investment Promotion

Investment promotion is listed as the "No.1 project" of local governance by the local government.It is an important content of the work of governments at all levels in China and the main means for the grassroots government to promote economic growth and industrial structure transformation and upgrading in the area under its jurisdiction.For a long time,the grass-roots governments have been learning from each other’s policies,and the strategies of investment promotion tend to be homogenized,but the efficiency of investment promotion is not quite the same.According to actual experience,the landing rate of some township governments’ investment promotion projects is worrying,even causing an embarrassing situation of "getting twice the result with half the effort,one place chicken feather".It has become an important issue for township governments to thoroughly implement Xi Jinping’s concept of optimizing business environment and solve the problem of investment promotion.Firstly,this paper constructs a comprehensive perspective of "government intervention and bureaucracy".Based on the case materials of investment promotion of Tai’an City Y Town from 2013 to 2020,this paper empirically describes the current situation and practical dilemma of investment promotion of township governments.First,in the front end of investment promotion,there is a dilemma of information identification,including the difficulty of effective information screening and information monitoring.It is difficult to monitor the information of investment promotion,which will produce the behavior of foreign capital opportunism.Second,in the middle end of investment promotion,there is a dilemma in the approval of investment promotion--long cycle of serial approval.From the stage of project approval,construction to operation,the project has to go through a series of administrative approval procedures.The intermediate links are too complicated and involve too many departments.As a result,some projects miss the best period for investment promotion,resulting in the loss of projects.Third,in the end of investment promotion,there are investment promotion,service difficulties.In other words,a few staff members in functional departments focus on investment promotion and neglect services,and some departments are afraid to serve.Secondly,this paper explains the above dilemma from the perspectives of information asymmetry,power and responsibility structure segmentation,soft service supply capacity and so on.First,asymmetric information may lead to adverse selection.Because the credit rating system of foreign capital and individuals in China is not perfect,it is difficult for township governments to obtain the true information of the trusted subjects through the market.The false information produced by foreign capital intensifies the information asymmetry degree in investment promotion.Second,the division of power and responsibility is not equal.Merchants under pressure type system at the county level cadre’s investment promotion and capital introduction task by means of index allocation on to village and township cadres,and most of the administrative examination and approval authority and administrative law enforcement power is concentrated in all departments at the county level,target setting and incentive intensity and the villages and towns of realistic conditions and actual ability does not match,so as to shape the administrative difficult as a pattern.Third,the supply of soft services is insufficient.Because the township supervision,inspection,service ability is not in place,the superior functional departments to be light,many effective policies and measures can not be truly implemented.Finally,in view of the difficulties faced by the work of investment promotion,put forward the corresponding countermeasures and suggestions.First,in view of the dilemma of information collection and identification,we need to start with the establishment of professional investment teams to improve the ability of investment information identification.Second,we will innovate and optimize the investment system and mechanism.In view of the dilemma of administrative examination and approval,we strengthened the matching of powers and responsibilities,optimized the system and mechanism of investment promotion through deepening the reform of delegating power and services,and streamlined administration and delegated power for investment promotion work.We will actively promote parallel examination and approval to improve the efficiency of administrative services.Third,improve the business service environment,improve the level of soft services,strengthen the awareness of active service,and form a joint force to attract investment.