The Research On Xinjiang Attracting Domestic Investment Existent Problems And Countermeasures

The attracting domestic investment is the inevitable product of the socialdivision of labor and the market’s rapid economic development and it accelerateslocal economic and social development through introduction of Funds, project,technology and broad market that outside the region. In China, investment achievedrapid development during the transition period from planned economy to marketeconomy transition. In China, the attraction of foreign investment and domesticinvestment are fairly adequate, but it varies greatly in different regions. Although theintroduction of “great western development strategy" provided great opportunity forthe western region’s economic development, and attracted many talented persons,capital and technology which offered beneficial condition for its economicdevelopment, due to the economic base is still weak, Irrational industrial structure,relatively poor infrastructure conditions, the financial situation is not ideal.As an important gateway of China to the west open and important base forChina’s strategic resources, Xinjiang plays an important role in national economicand social development. If it isn’t supported with financial investment, itsrich resources and unique regional advantages will be hard to get into the market. Soeffective measures must be taken to promote local economic construction with thehelp of external funding. Xinjiang’s investment development should be basedon the actual situation in Xinjiang, and existing investment advantages receive fullplay to promote the stability of Xinjiang’s economic growth.In this paper, using theoretical and empirical research methods, first it iselaborated that Xinjiang capital attraction plays an important role in economicdevelopment, and changing resource advantage to economic advantage, promotingemployment and industrial structure. Second, by analyzing the current situation ofinvestment in Xinjiang, and through the evaluation of the Xinjiang regionalinvestment environment analysis, proposes imbalances in the distribution of the totalforeign capital, low benefits, the investment environment lag behind problems in theinvestment process of Xinjiang. And finally suggests some solutions for expandingof the investment scale, such as innovation in investment, optimizing investmentenvironment, so that promote the local economic development.