The Study On The Financial Investment Of People’s Livelihood In China

In order to solve people’s livelihood-related issue in china, we need to studypeople’s livelihood-related concepts and connotations， research the theoreticaldevelopment of improving people’s well-being through financial investment at homeand abroad and their mutual relation, use the method of solving the people’s livelihoodissue through financial investment abroad for reference and analyze the defects ofsolving the people’s livelihood issue through financial investment in China andstrategies to be taken. Only in this way, can the regularities of the people’s livelihoodissue be mastered and consequently can the people’s livelihood work be more pertinentand scientific.As far as the related concepts and the connotations of the people’s livelihood areconcerned, there are three points. The first one is the concept and the connotation ofthe people’s livelihood. Besides the livelihood and the life of citizens, the people’slivelihood theoretically and practically includes the political needs, the cultural needsand the spiritual needs, and the life value, the health value and the dignity value and soon. In modern society, the people’s livelihood is not mainly about clothing and foodbut well-off, not mainly about people’s survival but people’s development in anall-around way, and not only about interest distribution but system guarantee. Thesecond one is the range, the classification, the property and the characteristic of thepeople’s livelihood issue. As a historical and dynamic concept, the people’s livelihoodissue has different connotations in different ages. In contemporary China, the people’slivelihood issue mainly includes employment, education, distribution, social security,heath care, environmental protection and the like with survival and development ineach problem. Currently, the people’s livelihood issue is how common people canshare the achievements of social development and how they can get better treatment inemployment, education, distribution, social security, heath care, environmentalprotection and the like. Because of the hierarchy characteristic of the people’slivelihood issue, the Chinese economic development should pay more attention oncommon people’s requirements, interests and development. The third one is thepeople’s livelihood finance. Specifically speaking, the people’s livelihood financerefers to the finance in which the expenditure for employment, education, distribution,social security, heath care, environmental protection and others related to people’s lifeaccounts for a large part or plays a dominant role in the entire financial expenditure. The people’s livelihood finance is dynamic theoretically and practically. Theconnotation and the extension of the people’s livelihood finance continuously changewith the development of China’s people’s livelihood construction practice.As far as the development of the people’s livelihood theories and their relationsat home and abroad are concerned, the first one should be Marxist people’s livelihoodthought which is the fundamental principle about individual livelihood, life, survivaland development in reality. The second one is modern and contemporary capitalistpeople’s livelihood thought which plays an important part in the people’s livelihoodthought treasury, is important spiritual wealth in human society and makes significantcontribution to the consolidation and development of capitalist system, theimprovement of capitalist common people’s life and the progress of human society.The third one is the socialist people’s livelihood thought with Chinese characteristicswhich is the product of adapting Marxism to Chinese conditions, is the theoreticallyinnovative achievement of combining the Marxist people’s livelihood thought withconditions in China and is a process developing continuously. As an initial stage, MaoZedong Thought of liberating people’s livelihood is developed innovatively and thenDeng Xiaoping Theory of solving people’s livelihood is formed which is enrichedfurther and gives rise to the Jiang Zemin important thought of Three Represents whichis perfected gradually and gives rise to Hu Jintao thought of scientific development andprotecting and improving people’s livelihood.From the point of view of China’s people’s livelihood finance current situation,the people’s livelihood finance investment varies with the gradual increase of financialincome and expenditure in aggregate. From the point of view of structure, the people’slivelihood expenditure structure of China’s finance changes along with the rapiddevelopment of social economy and the reform process of economic system. From thepoint of view of development and change trend, economic construction investmentdeclines year by year and people’s livelihood finance increases rigidly. According tothe people’s livelihood data from2003to2012, the China’s people’s livelihood financemakes great achievements. Free compulsory education is realized throughout thecountry; the framework of basic medical treatment and public health system is builtinitially; special employment fund ensures employment promoting polices to becarried out effectively; social security fund is increased gradually; housing system isimproved basically; and the investment for protecting environment and controllingpollution is increased. Although great achievements are made, China’s people’s livelihood finance is affected by investment total amount, structure, performance,financial system and the like; therefore some problems still exist in China’s people’slivelihood finance. These problems are related to the dynamic characteristic of thepeople’s livelihood issue. In China, the people’s livelihood issue at lower level issolved to a certain extent, but that at higher level still exists in realities.China can draw lessons from other typical countries on how to solve people’slivelihood issue through financial investment, such as America, Japan, Germany andSouth Korea. In America’s financial expenditure structure, the expenditure in medicaltreatment and public health area is practically significant for China to solve thepeople’s livelihood issue. Germany’s housing financial model and fixed rate mortgagesystem provide system guarantee for stabilizing housing price. Japan’s Finance transferpayment system is significant for China to relieve the financial imbalance among areas,to improve people’s well-off and to strengthen people’s livelihood financialconstruction at the same time. South Korea’s “new village movement” is of greatsignificance for china to carry out overall urban and rural development and emphasizethe urbanization of people’s livelihood. Experiences from America, Japan, Germanyand South Korea are theoretically and practically significant for enriching anddeveloping people’s livelihood thought, applying people’s livelihood theory better andsolving the people’s livelihood issue in China.Aiming at the people’s livelihood reality in China, this paper proposescorresponding solutions which include adjusting the structure of financial expenditureaccording to the hierarchical and dynamic characteristics of people’s livelihood needsin order to meet the people’s livelihood needs, properly increasing financial people’slivelihood investment, optimizing financial people’s livelihood investment structure,improving financial people’s livelihood investment performance and constructingscientific people’s livelihood finance system. We should properly plan and control thelimited fund of local governments, intensify expenditure benefit concept and improvepeople’s livelihood awareness, allocate finance resources rationally, and consequentlyimprove financial expenditure benefit and ensure that common people can share thedevelopment achievements of economic society to the full.