The Legal Norms Of Public Investment In China To Study

Government's public investment is an important component of China's fixed asset investment .Its basic function should be positioned to provide public goods for society. This paper takes public goods theory as a perspective, and uses it throughout the process of analysis and discussion in the full text, in order to provides another path of reflection and analysis for the construction of the legal system on our government's public investment. The main structure and content of this papers as follows:The first part, sort out the theory of public goods produced in the development process, and re-definite the concept and characteristics of public goods. The basic characteristics of public goods is positive externalities, the fundamental characteristics of it is public welfare, and the external characteristics of it is the market supply of low efficiency. Next, the paper further analyzes of the contradiction of the demand and supply of public goods and its choice. This is the theoretical basis for how to adopt laws to regulate the activities of public investment.The second part of this paper, defines the concept of public investment and thinks the basic function of public investment as the provision of public goods. At the same time, it reviews and sorts out the government's investment system since the founding of our country, sums up a number of years of government investment in our country's achievements in reform and the establishment of the legal system, and recognizes that presently China has preliminarily established the government's public investment system.The third part, points out that China's current public investment exists a number of issues in the investment scope, investment structure and the overall effectiveness. And by the analysis of these issues, this part discusses the legal way how to regulate the activities of the government's public investment, and points out a way to build the legal system of the government's public investment.The fourth part, in the levels of legislative concepts and systems construction explores how to build the public investment legal system. From the substantive normative point of view, it puts forward a sound capital investment system, defines right and obligation, and establishes the government's public investment legal liability system, etc. From the procedural legal norms point of view, it puts forward a sound decision-making process and project construction of the project implementation and monitoring.