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Study On The Legal Issues Of State Investment In The Financial Crisis

Posted on:2011-07-23Degree:MasterType:Thesis
Country:ChinaCandidate:Z H YangFull Text:PDF
GTID:2166360305994326Subject:Economic Law
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Direct state investment and operation is an important way to regulate the economy in a country. And the state investment and operation law is an fundmental component of economic law system. Early Chinese academic has no objection. However because of the "the wave of privatization and reform of state-owned enterprises " in 90s, it attracted scholars arguing on the abolition and status of the state investment law. Professor Qi Duojun, represented the theory of "State Regulation" which focuses on state investment law is one of the three economic law system, and powerfully argued through market modulates three flaws-state modulates three modes-economic system three construction. When the global financial crisis burst, all the states adopted the state investment approach as the stock market saving measure to ease the bad influence by financial crisis, and achieve positive effect in short period, including the use of direct state investment. Take the "700 billion U.S. dollars bailout bill" in US and the "four trillion yuan state investment plans" in China for example, the state investment adjustment method highlights its advantages, such as large scale, strong force and rapid effective and so on. Practice proves that the direct state investment is an effective means of state socio-economic regulation, and also reinforce the correction of the theory of "State Regulation". However, unlike the United States and other Western countries, China doesn't put enough emphasis on the normative role of law in the process of decision-making and implementation in investment. In order to make better use of state investment in socio-economic regulation, to cope with the current crisis, our country should firstly clear the specific application of the basic principles of state investment law in financial crisis. And on this basis, aimed at the existing issues of state investment, taking the current financial crisis as legislature opportunity, we should further improve state investment law institutions from the directions of investment body, investment procedures and investment responsibilities.
Keywords/Search Tags:financial crisis, state investment law, state regulation
PDF Full Text Request
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