On The Financial Investment Expenditure Under China's Public Finance

Under the system of market economy, finance should be public finance. The necessarily of financial investment expenditure lies in the existence of "market malfunction ". Therefore, the area of financial investment expenditure is where the market functions inefficiently. Because China's market mechanism is far from perfect and there are more areas of "market malfunction ", the areas and patterns of financial investment expenditure are different from those in other counties. However, with the progressively consummating of China's socialist market system, together with the establishment and perfecting of public finance mechanism, China's areas of financial investment expenditure will be reduced. The patterns of financial investment expenditure and the evaluation of expenditure benefits will gradually grow to perfection, too.