Research On Investment Promotion Policies Of Local Government

With the rapid development of economic society, China has an outstandingachievement in the world through 30-years Reform and Opening. Investment Promotion is an obvious symbol of Reform and Opening policy. In the process of economic development,Investment Promotion is a significant measure in our country’s economic development,which is also a remarkable symbol of Opening and Reforming. Therefore, our central government has been promoting various incentive measures to consolidate the achievement of investment promotion in different periods of economic development. As the gradual development and mature of market economy, local governments have attached great importance to investment promotion to encourage the enterprises by a variety of incentive policies and measures,from the former “two years for free and three years havle” to the local favorable policies,”four years for free and four years havle”, “five years for free and five years havle” or even “tax refund” and “financial subsidy”. Although these polices play a positive role in promoting investment promotion and accelerating local economy development,the establishments of polices are still lack of unified instructive opinions,which also have integrity problems in the local governments caused by unreasonable reward system and nonstandard motivation polices.The paper consists of four major following parts. To begin with, Introduce the background and meaning of the topic and summarize the current situation of incentive investment promotion in China as well as illustrate study methods and technical skills. And then, study Huidong County’s Investment Promotion polices by using related documents,comparative analysis, field investigation etc. In this part, study the current situation and the functions of incentive investment police in Huidong and analyze the reasons of problems existed in the current incentive investment policies. Later, Put forward the importance oflocal governments’ function in making correct investment promotion polices, by providing excellent public service, further simplifying the power and carrying out useful policies.Finally, strengthen the autonomous motivating functions of the market, cultivate and motivate unofficial investment promotion, activate unused resources, as well as make motivating polices to encourage officers, settled investment enterprises and industry chain enterprises.