Research On The Fiscal And Tax Policy For The Industrial Adjustment And Developement In China

Since the financial crisis in2008, the major domestic industry was hit by sharp contraction in domestic and international market demand, production continued to decline, economic downturn. China’s industrial structure is not reasonable, the capability of independent innovation and sustainable development capacity is weak, which is a bottleneck restricting the long-term economic development, so we must seize the opportunity to take full advantage of the current favorable opportunity, to improve the industrial restructuring and revitalization, considering the far-reaching effects of the fiscal and taxation policies on industry restructuring and developement, build and improve fiscal policy of the propulsion industry restructuring and developement is undoubtedly a reasonable choice.In the traditional planned economy period, the fiscal allocation is all-encompassing, both the absence and offside of allocation exist simultaneously. In the process of the construction of the socialist market economy, it is necessary to correctly handle the relationship between government and the market to define the field and scope of their activities.This thesis focuses on fiscal and taxation policies. Firstly, make a literature review from the industry’s perspective on the industrial structure theory, the theory of independent innovation and industrialization of sustainable development theory. Secondly, make a theory summary, such as public goods and government function theory. On the basis of learning from international experience, this thesis targeted fiscal and tax policy recommendations to improve China’s industrial restructuring and developement.Chapter1:Introduction. This chapter includes the research background and significance of research, research methods, innovation and defect.Chapter2:The literature review. Firstly, this chapter focuses the theoretical basis from the industry perspective by the theory of industrial structure, industry innovation theory, industry sustainable development theory. Secondly, this chapter generalizes the theoretical basis from the fiscal perspective by the theory of public goods and government functions theory. Thirdly, this chapter elaborates the fiscal policy in optimizing the industrial structure, enhance the capability of independent innovation, improve industrial capacity for sustainable development, and to promote the development of strategic emerging industries from the related literature. The last is a brief summary of the literature review.Chapter3:The concept, fisal system and effect of industrial restructuring and developement. Firstly, this paper attempts of defining the concept, content, target and the main task of the policy of industry restructuring and developement. Secondly, this paper analyzes the mechanism of fiscal and taxation policies to promote the industrial restructuring and developement. Finally, this paper analyzes the fiscal effect of industry restructuring and developement.Chapters4:The China’s environmental of industry restructuring and developement. Firstly, the paper analyzes the structure of three irrational industrial in China, point the unreasonable industrial division. Secondly, the paper pointed out that China’s insufficient capability of innovation. Thirdly, the paper analyzes the environment of the sustainable development, which include the constraints of the resources and environment on the sustainable development of China. Finally, this paper analyzes the lack of competitiveness of China’s strategic emerging industries and the poor market environment and policy environment.Chapter5:Fiscal policy vicissitude and industry restructuring and developement. Fiscal policy is divided into four stages, the early stage of reform (1978-1991), the mid-term of reform and opening (1992-2003), the scientific development in the new period (2004-2008) and the international financial crisis since the (2008-). This thesis respectively analyses the impact of the various stages of fiscal policy on the industry restructuring and developement.Chapter6:The problem of the fiscal and tax policy in China industrial restructuring and developement. Firstly, this paper analyzes obstacles of China’s industrial restructuring and development in the fiscal and taxation regulation mechanisms. Secondly, this paper analyzes the barrier factors of the existing fiscal policy in China to improve the industrial structure, enhance independent innovation, and promote sustainable development and strategic emerging industries.Chapter7:The international experience of industry restructuring and developement policies. Based on the historical background and circumstances of economic development, the U.S.A, Japan, South Korea, make industrial restructuring and developement policies. U.S.A was a demonstration of the old industrial base of industry restructuring and developement; Japan has formulated a system of industry revitalization policy; Korea supported the response to the Asian financial crisis with remarkable results.Chapter8:Policy suggestions. Firstly, this thesis makes relevant recommendations to prevent the failure of industry restructuring and developement policy. Second are the fiscal and taxation policies to promote the optimization and upgrading of industrial structure. Thirdly, the paper proposes policy recommendations to promote the innovation capability of industry. Fourthly, the paper proposes a fiscal recommendation to promote the sustainable development of industry. Lastly, the paper presents the fiscal and tax policy to promote the development of China’s strategic emerging industries.The innovative points of this paper are as follows:Firstly, this thesis defines the concept of industry restructuring and developement exactly. Secondly, according to the economic theory of reproduction, this paper generalize the theory of public goods and government function theory, and reveal the inner mechanism of the fiscal and taxation policies to promote industrial restructuring and developement. Thirdly, this paper systemically put forward some suggestion of fiscal and taxation to restructure and develope the industry.Of course, this paper is still many limitations. Firstly this paper lack of quantitative analysis. Secondly, relevant policies remain to be the test of practice.