Research On Promoting The Development Of Private Investment By The People's Government Of Hebei Province

With the continuous deepening of market economic reforms,China's comprehensive economic level has gradually improved.The proportions of the “troika”—investment,consumption and export which drive economic growth have undergone some changes.Although government investment is an absolute power,due to the long investment cycle,small multiplier and slow effect,it is unable to effectively promote the sustained and rapid development of the economy.Private investment has become an inevitable choice for stimulating economic growth,improving employment rate,and activating the market.In recent years,it has gradually replaced the original protagonist of government investment and has become the main driving force of the national economy.Hebei Province is a traditional economic province.Since the Economic Reform and Open Up,it has gradually fallen behind the southeastern coastal provinces of China.In recent years,the Hebei government has increased investment scale,but it has not achieved the expected results.The main reason is that the current economic structure of Hebei is unreasonable,and the development of private investment is relatively lagging behind,and its enthusiasm has not really been driven.Meanwhile,there are many problems of promoting the development of private innvestment by the people's government of Hebei Province.For example,the high financing cost of private enterprises,the large difficulty,and the weak protection of private investment property rights.From the perspective of administration,it is mainly because in the process of promoting private investment,some government officials' mind is not opening up,and the government's supervision and guidance could not function well,resulting in the less-optimized investment environment,the insufficient funding pressure,and the slow development of credit system.Moreover,there are many other issues such as insufficient enthusiasm for relevant policies,inadequate implementation of policies,and lack of secondary investment strength.Due to these reasons,the potential of private investment has not been fully utilized,and investment activities are inactive,seriously restricting the government of Hebei Province to promote private investment.Under such circumstances,to analyze the status quo and existing problems in government's policy of promoting private investment development,and to propose corresponding countermeasures and suggestions could dramatically benefit the adjustment of the economic structure of Hebei,ease employment pressure and accelerate economic growth.This paper mainly focuses on promoting the development of private investment in Hebei Province,taking specific policy measures as a starting point,beginning with the concept of private investment,using investment theory,investment theory,public policy theory,Keynesian theory,public tragedy theory,etc.,and apply a combination of theory and practice to analyze in depth the status quo and existing problems of the current policy of promoting the development of private investment in Hebei.Finally,this paper will propose feasibility suggestions of promoting the development policy of private investment in Hebei from the aspects of emancipating the mind,transforming functions,institutional innovation,government guarantee,strengthening construction,and breaking monopoly.