Local Economic Growth In China

China's economic reform and opening up a favorable situation has made an unprecedented development and great achievements attracting worldwide attention. Urban-based local economic development, colorful, characteristics significantly. 2008 GDP of the top ten cities are Hong Kong, Shanghai, Beijing, Shenzhen, Guangzhou, Tianjin, Taipei, Chongqing, Hangzhou and Foshan. 10 in this city, the Hong Kong Special Administrative Region of China, Shenzhen is a Special Economic Zone, Beijing, Shanghai, Tianjin, Chongqing is a municipality, Taipei, Hangzhou is the capital city, and only in Foshan is a prefecture-level cities. Therefore, Foshan's economic growth process and the growth pattern of the majority of local economic growth in China is a great reference. At the same time, Foshan is issued by the State Council in accordance with the "reform of the Pearl River Delta Region Development Plan (2009-2020)" by establishing development goals, development strategy for the development of the implementation of the new era. How to study and lessons of past experience on the basis of Foshan in the future to promote better development of Foshan, which is an important issue currently facing. Therefore, as an example the study of Chinese Foshan local economic growth, has a high theoretical value and a positive practical significance.In this paper, for the case of Foshan to the outbreak of the Asian financial crisis in 1997 as a starting point to the spread of the global financial crisis in 2008 to the end of this follow-up study of more than ten years of economic development in Foshan. Based on the theory of economic growth based on the total amount of Foshan analysis of economic growth, with a view to exploring the capital, labor and technological progress of the three elements of economic growth, Foshan, on the basis of the next ten years the economic development of Foshan made a scientific and rational forecast. Based on historical statistical data and then studied more than ten years to Foshan in the process of economic development, the issue of structural change. Based on the findings, this article also raised a number of specific policy recommendation. Was chosen as a 1997-2008 study period, based on two reasons, first, this time the economic situation of both amazingly similar. 1997 Asian financial crisis, decades later, in 2008 the outbreak of the global financial crisis, therefore, this time environment for the development of relatively unique; Second, in this time period, China's statistical work in a more standardized, data relative complete, can be directly invoked without having to spend to make efforts to correct the work.This article includes the following: the first part of the introduction. In this paper, the main research on the background and significance of the study outlined in this paper, the main content, research methods. The second part of the Theory of Economic Growth. In explaining the meaning of economic growth on the basis of, respectively, recalled Marx's Theory of Economic Growth Theory of Economic Growth and the West, including the classical economic growth theory, neo-classical economic growth theory, new economic growth theory and content of the main points, and evaluated. The third part, the Chinese analysis of local economic growth - to Foshan for example. Foshan economic growth on the achievements and problems in a detailed analysis, and then to 1997-2008 Foshan years of economic development based on the total amount of data, use the Solow model of capital and labor in particular, elements of technological progress on the situation of economic growth . Then focus on more than ten years to change the economic structure of Foshan, with a view to identify the evolution of the economic structure of the experience or trends, future economic structure adjustment and optimization of industrial transformation and upgrading of reference. The fourth part of the promotion of local economic growth in China Analysis - A Case Study in Foshan. The full text of the conclusions of the study to conclude, on the basis of the next step of the development of Foshan policy recommendations.