Infrastructure Construction In The Western Region And The Investment And Financing Mechanism

The Western Region of China consists of the 12 provinces, autonomous regions and municipalities directly under the Central Government which are Shanxi, Gansu. Ningxia. Qinghai, Xinjiang. Sichuan, Chungqing, Yunnan, Guizhao, Xizang, Guangxim and Neimenggu. It has an area of about 6.85 million square kilometers, which is equal to 71.4% of the area of whole China. The population of the Western Region in China is about 367 million, which is equal to 28.8 % of the population of whole country. With vast territory and a sparse population the Western Region of China is rich in natural resources. Compared with the Eastern Region of China, because of the reasons of natural environment and history the economy of the Western Region of China is undeveloped for long time.Since the People's Republic of China was founded in 1949, Chinese Government has attached great importance to the economic development in the Western Region. In early 50's and late 60's China had launched twice large-scale economic development in the Western Region , and as the result the essential basis of industrialization has been established in this region. In late 90's of the 20 century Chinese Government has launched a new round large-scale economic development in the Western Region so called "West Development" which is different from the early West Development happened in early 50's and late 60's. The recent China's West Development is a redevelopment based on the early development and also is a comprehensive development involving protection of ecosystem and environment, infrastructure construction, economy, society, science and technology, education etc. The goal of China's West Development is to ensure a coordinative development of whole China's economy in a long period.The infrastructure construction is the strategic point of China's West Development. Because of the huge amount of infrastructure projects to be built in future, the capital investment is tremendously enormous and the old investment system in which government was always play the unique leading actor will no longer meet the requirement of fast development in the Western Region of China. In order to speed upthe infrastructure construction in the Western Region, it is necessary to adjust and reform the investment system for China's West Development according to the actual requirement and development trend. Therefore, it is practically useful to study the problems related to the trend of the infrastructure construction and the reform of investment system for the Western Region of China.On the basis of history reviewing of the economic development in the Western Region of China, this article expounded the position of infrastructure construction in the China's West Development, analyzed the current situation and development trend of the infrastructure construction in the Western Region of China, and then researched the issues occurred in the present invest system, the possible directions and measures about the adjustment and reform of the investment system for the China's West Development.