China's Investment Efficiency And Mechanism

China made the achievement attracting people's attention in economic development since reform and opening-up over the past more than 20 years, however, the economic growth of our country highly relies on extensive investment for a long time, the scale of investment fluctuates from head to foot, it is out-of-balance to prone to investment structure, the efficiency of investment is low, overheating the economy. For example investment since the 2003 increased too fast, cause a series of questions, though macro adjustment and control policy make the preliminary achievement, however, the profound system reason has not been dispelled fundamentally. Research on investment is still not enough, so, the research of carrying on in this respect has certain theory and practice meanings.The mechanism of investment is the general names of the organizational form of an investment activity, capitalized method and management style. Born in the economic growth, it had important function to the development of one country's national economy. On the basis of investment theory, the paper probes into the efficiency of the investment of our country. On the basis of analysing and using other countries' practical experience for reference, combine the national conditions of our country and character of investment, the paper explore the policy recommendations of the investment system reform suitable for our country.The demonstration of the paper is divided into four parts. First part, define the relevant concept at first, which is favorable to clear the intension and the extension of the relevant concept, thus confirm the range of study, namely define the research object; Secondly, carried on a survey of the investment theory both in foreign countries and at home, in order to understand the trends of the theory developments that both international and in domestic. Second part Have analysed the investment systems of two representative countries at first, summarize the experience, lesson from it, take as an object lesson ; Secondly, according to the developing period, reviewed the history of the investment system reform in our country stage by stage. Trace back to history is for understanding reality more deeply. The third part is a key part of the full paper, on the foundation of the existing studies, make a deep research on the overall efficiency of investment, the scale, structure, efficiency of both governmental investment and non-governmental investment, and the question existing among them. The last part puts forward the corresponding policy recommendations. Hope research of this paper can help to understand current situation of the investment, have sure directive significance of solving realistic investment problems. Meanwhile, this paper offers reference to our government for makes the principles and policies investment.