Research on Local Government Investment in China

Author: Li Yihua
Publisher:
Publish Date: 2003-12-01
Features: The publication of this book, to some extent, fills the weak links in China's fiscal research/investment research. Based on the study of local government investment, it greatly helps to promote and advance the traditionally weak fiscal and investment research on local governments in China. The publication of this book holds practical significance, as the scale, structure, and efficiency of local government investment require further adjustment and optimization. The book presents novel insights in its overall research approach. Reflecting local characteristics, it proposes some valuable new perspectives worthy of consideration by local governments. The study of local government investment issues has long been a weak link in China's fiscal research. The author of this book believes that investment constitutes a continuous capital formation process consisting of three stages: financing, investment, and recovery. The book first defines the main concepts involved, then explains the research background and analytical methods, subsequently clarifies the key arguments, and finally outlines the structure of the book. It discusses the theoretical basis and functional role of local government investment, explores the appropriate scale of financing and investment for local governments, analyzes the optimization of local government investment structure, and examines the management of local government investment.