China's Western Development, Research, And Project Financing

According to the deepening of reform and opening to the outside, our government resolved to develop the western area in the new century. Western development is a system engineering of our country's economic and social across-the-aboard development. It is an important content of our macroscopical economy for strategical overall arrangement. In the course of western development, it must have a lot of fund to exploit water and electricity, oil coalfield, colour metal, to build basic establishment. But the fund is very short, because the western area is located in a bad geographical place, and it is bchindhandly developed in history. So the western area is in the financial state of bottle-neck. In order to solve the problem of fund effectively, this article put forward a suggestion of project financing. The article analyze the economic predominance of western area, its scarcity of fund and its causations. It analyze the character of project financing, and expatiate the feasibility and necessity of project financing in the western area and the important capital source of project financing in this area. According to the latest current of innovation about the international financial market, the article indicate that the western area may appropriately us financial engineering tools in the course of project financing to adapt the historical tideway of financial globalism. In order to express the proposition correctly, the article adopt the conjunction of facts and theories to study problems. This is an important innovation of this article.